I don't make quilts for profit either, but it galls me when people ask me to make a quilt - AND say they'll pay me for my time - but the price they want to pay won't even cover the cost of the fabric.
I made one as a gift for my MIL, it was huge and beautiful and took a long, long time. She made light of it until my wonderful, sweet, darling husband told her to insure it for $7000, because that's how much it would cost to replace it. He did not pull that figure out of the air, either - he added up the cost of my time plus materials.