This approach had a result! Finished the exams, and beaded a bit more. Now I have finished this pretty little bracelet - you like?
It has a magnetic clasp (looks like silver, but isn't - sorry Ruth, but I can probably swap it over). Materials cost me about $20. All up, beading the beads and then assembly, it took me about 16 hours. I make most of my jewellery because I enjoy it, but also to sell. In fact, it is the beads and jewellery sales that pay for my student fees (low as they are at SIT, but they still charge cost for course materials, and then there are the text books).
And here is the question: How much to charge? Please qualify your answer.
Here some ideas to get you started:
- Beading could be considered a skilled job (I had to learn step by step what to do), charging $60 per hour ($960).
- Could be considered as a nice hobby to have, charging only for material ($20).
- Could be considered as lowly payed past time, say, $10 per hour plus material ($180).
- And here the economist weighs in: The cost is whatever the market pays! What a cheerful thought; now go and create the demand yourself.
I am pretty sure it would sell for $50. But would I make it again for that price? I don't think so.
On the other hand, $50 to me, now, is better than nothing. That means I am eroding the price for my fellow crafters that are trying very persistently to make a living from their hard earned skills (and there are many of us).
Here we are, one more bracelet emerged out of my stash of beads. It's lovely. What's it worth? Do tell.