Artists and designers often undervalue their work. You are the ones who know how to turn words into letterpressed cards, clay into pottery, and leather into sleek bags. You might forget that other people do not have these skills and are in fact willing to pay you a hefty amount for your vision and product.
When determining your wage and profit, think about the amount of time you have invested learning and perfecting your skill, testing your products and adapting your designs.
“When you decide to devote your time to perfecting an item, you gain a lot of insight,” says Etsy Wholesale lingerie seller Sophie Hines. For example, when Sophie makes a bra, she folds the elastic using a very particular method she developed through trial and error. A dress may look beautiful and simple, but in reality, Sophie might have gone through 16 different patterns to get a sleeve just right.