Originally Posted by
Sewhappytoquilt
OMG - this is why we love this Board so much. I was pretty much "talking out-loud" to myself, about what to charge for my wallets, and I have received so much good input. I thank you all. YES, our talents are unique and we should NOT underestimate the value of our abilities. I am guilty, guilty, guilty. Thank you all for your opinions. I'm thinking $15 sounds like a pretty good investment for all parties involved
Before you set your price, here's something else to consider. I have a couple of friends who have a large network of people so I will make them an item that I'm "testing the market waters" and give it to them for free but ask them to show others as well as give me feedback how well it works and if there's anything I should change. Told her if anyone wants one, they are $28. I also tell her how long it took to make so she can pass that along if someone balks at the price. She also adds that it's 1 of a kind which makes the value go up.
I designed a small cross-body bag and gave to my friend - I got at least a dozen orders just from her and everyone paid the $28 because it was so unique. $28 for a cute, unique bag??? What lady isn't going to pay that?
Over the past year I've probably made 30 or more. These little bags sold for $29.95 + shipping on my Etsy shop. I only sold this few because I got sick and haven't made any in the past 5 months.
Just don't sell yourself short or you'll be unhappy with your decision. If you want to discuss more offline, please feel free to PM me. I can give you more tips that have worked or didn't work for me. If others are interested in making these small accessory items let me know and I can continue to post my experience. Lord knows how many failed items I've had and what is working.