Wednesday, 10 March 2010
Putting the Price
It's been quiet around here the past couple of days. Partly because I've been working on a long term crochet project. To be perfectly honest, I am not a biggest fan of large projects. I'm the immediate gratification kinda girl. If it takes too long I get frustrated and toy with dropping the project all together.
But of course, large pieces are so much more impressive in the end. So, I pulled myself together and the past 2 weeks I spent working on this scarf. Now I already have all the 40 squares and it's only a question of connecting them into two lines. I promise that as soon as it's done, I will let you know.
The biggest problem I have with this kind of projects however, is setting a price. Making one square takes around 30 min. 30 min times 40 squares = 20h. Plus minimum 2h for connecting the squares into a scarf. Minimum hourly rate in Denmark is around 100kr per hour so I should get 2200kr for this piece. This amounts to around $400. Do I think this scarf is worth that much? Absolutely! I put my skill and effort into this piece and it is one of a kind. But would you pay that much? Probably not. After all, to you it is "just a scarf".
How do you deal with this kind of problems? How do you choose prices for your items?