How do you determine your price

[josiebrat]

Hello everyone,
i've been wet felting for a year now, and i'm currently making these ipad covers, some seamless others with seams. some have inside pockets, an pencil slot. i've gone onto Etsy, but most of the ones i see have a lot less workmanship (not all) than the ones i'm making. i started at $75, then after i made a few felt i was underpricing myself. Is $90-100 too much to ask? i have also looked on-line at retail, but the product being sold is nothing like the handmade felt items. these sell from $65 ,75 and up depending on who the designer is. please take a look and tell me what you think. Attachment Deleted
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[MTRuth]

Pricing is hard. Here are a few links of articles I wrote about pricing on our blog.

Everyone's Least Favorite Subject Pricing

Pricing - The Formula


Even More About Pricing

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That being said, I don't think $90-100 is too much especially when you have extra features such as pockets, pen and pencil slots etc. Perhaps you could start with plain ones at a slightly lower price and increase your price with the various features.

[josiebrat]

Thanks Ruth, I have read through your articles and they were most helpful. Your suggestion of starting with lower base price, then going higher for more features is what I'm leaning toward. Thanks again.

[zed]

Etsy's weird, I've seen things that look like a child made them selling for a lot of money, yet I can't seem to give anything away.

[lyn]

You're right. It's amazing what sells on Etsy - no rhyme or reason sometimes.

How about we change our names - helps a lot - something that sounds like Tracey Emin? My bed's much prettier and better made than hers but I wouldn't get £150,000 from Charles Saatchi for it no matter how good my Etsy listing.

[Shepherdess]

It never ceases to amaze me what sells. Some of the most under felted looking things. I know everyone starts somewhere but I never sold something that would fall apart when it was used the first time.
My other pet peeve is when someone teaches something after making one in a class. I don't have the hutzpah to teach something until I am sure how to do it and what to do when things don't go as they should.