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?

3 comments:

  1. I am hopeless at pricing things. I just think how much I would be prepared to pay. Not very professional I know.

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  2. This is one of the reasons that I've only been toying with the idea of selling what I make and not actually doing it... the time taken never seems to equal the price you can reasonably charge for you items.

    The scarf looks like it will be lovely :)

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  3. Thank you for the comments, ladies.

    Yes, I was also considering what selling your craft did to it. I wonder sometimes if I am not discouraged from making something freaky and weird that my creativity suggests just because I know no one would buy it...

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