Photo courtesy of Automaton
Price is so important. I am still learning how to sort though all this, as some of you may have seen in the Etsy forums today. Its hard to find the right price. We want our work to sell and I think we often don't place enough value on our time. I know my time spent paper shopping, answering convos, shipping and buying supplies is never factored in to my hourly wage. It should be and bit by bit I do test the value of my work by slight increases but it is hard, raising my prices gives me an ulcer :o).
Don't under value your work. If your prices are WAY too low you will be ignored and fall through the cracks. Buyers want two things, value for thier dollar and valuable work. You have to try to find a balance. Is the purse that took 10 hours to hand embroider going to sell on Etsy for $600? Maybe, but probably not. The same purse listed at $10 may also be ignored as it will be seen as cheap and unimportant. When pricing, try to keep in mind what your think your time is worth as well as market value; if they both are about the same then you probably are right on target.