So, I have been researching and reading about how to price items. Here are the guidelines I have decided to follow:
- Time. As in, how many hours it took multiplied by the hourly wage I've set for myself.
- Experience. I think I have definitely moved out of the "beginner" category and am somewhere in the "intermediate" category. Thus, I will take this into account when pricing. I am not an expert seamstress or quilter like some people are when they have been sewing for their whole life. That is a goal of mine--to someday reach "expert" level, but for now, I know I am not there!
- Complexity. I will admit: some items I make are a "wham-bam-thank-you-ma'am" type of construction (in my opinion), and then others take hours and lots of varied skills to complete. Such as embroidered or appliqued pieces. The "easier" pieces will be priced accordingly. But within that type of piece, say like a checkbook cover, I could create one that has more detailing, such as patchwork on it, and then I would charge more.
- Materials. They aren't free. I wish they were. Especially the designer fabrics I use. They are worth it because they look and feel exquisite and are unique, but they cost $$$.
- Packaging Cost + Time. This is an aspect most buyers don't think about. I know I don't when I am shopping on Etsy. When I see someone charging over $2.50 for shipping I get annoyed, but they are usually doing it because they are using quality packing materials and may be shipping your item Priority Mail. Though sometimes you have to inquire to make sure they aren't trying to rip you off. I try to keep my packing materials and methods as low as possible, because I don't think it's fair to rip people off on shipping.
- Photography. It takes time to get good photos that illustrate an item visually. Bottom line: TIME IS MONEY! Especially when you are a SAHM!
Here are my new pricing categories. I hope that people who visit my shop will understand that I work hard on these items and that they are getting something high-quality, unique, and well-loved by its maker. I feel like I have been putting so much into what I make, and not asking for what they are worth to me and their new owner.
- Basic Wallet: $14
- Card Wallet: $14
- Checkbook Cover: $7 (same price)
- Chickadee Bag: $28.50
- Tissue Cozy: $6.50 (same price)
- Basic Totes: $30
- Pleated Plover Bags: $40
- Zipper Pouches (Large): $15 regular, $18 detailed (embroidery/applique)
- Pocket Clutches: $15.00
- Wristlets: $15.00
- Tea Books: $10 (same price)
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