Originally Posted by Kathryn
I'm sorry, but I recently saw a posting for a $120 pair of pants with a shirt. I sell handpainted shirts. For $15. Other WAMH that put just as much time into their longies sell them for $50. How is $120 not overpriced for something that I could get for $65?
ETA: I also just only spent $35 on an awesome really cute and soft pair of longies for my daughter.
some people are obviously willing to pay themselves far less than they deserve. I dont think that makes anyone who pays themselves a fair wage overpriced.
Lets look at the pricing for most store bought items -
Labor + Materials = wholesale
wholesale x 2 = retail
say it takes two skeins of yarn at $8 a piece ( i have no idea what the going rate for nice yarn is) that is $16 for materials alone (not even thinking about the costs of running a website, shipping/printing supplies, costs of things you use in your home (for example if you dye your own yarn you need to include the cost of the dye as well as the cost of water/electricty etc).
Labor - IF it were to take you 5 hours to knit pants... I assume that is actually under what it really takes and you paid yourself $10 an hour (which is much lower than what I would consider an "artists" pay rate. If you are an independent seamstress you usually get paid about $20). Tahts $50 in labor
Wholesale = $50 + 15 = $66
Retail would be $132
It seems to be that both are underpricing themsevles