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Thursday, July 17th, 2014 02:17 pm
Do any of y'all sell your crochet projects on Etsy or the like? Because I'm nearly finished a purse that I want to sell on Etsy, and I'm trying to figure out how to price it. I've heard 'twice the cost of materials' which would put this purse at $36, and I've heard '120% the sum of cost of materials and cost of labor' which, assuming labor at US federal minimum wage (and assuming it takes approximately an hour to sew the lining), would put this purse at $75. (Amazing how fast a project goes when it's a smallish project using a 16mm hook.) But I'm seeing comparable purses on Etsy for $15-$20, and I don't want to price the purse so high that it never sells. So I'm seeking opinions.
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Friday, July 18th, 2014 04:15 am (UTC)
My pleasure! It definitely influenced how I price things, and also prompted me to put a donation button up at [personal profile] hooked_on_anime. (Well, that and being terribly broke.)