I have been making some paracord coozies that people want to buy . It takes about five hours and $5s for material to make one. I was wondering what a fair price for this item would be.
$20. I actually think you could charge more. But, the convenience of someone's impulse to pull out a $20 bill to get one would increase your sales. $25 and now people start pulling two $20 bills out and rethinking what they have left in the wallet. Can you live with selling them that low though?
5 hours?!!! Unless you really enjoy those five hours, I'd have a hard time selling them for $20. On the other hand, I don't know that I'd pay too much more for one. Although I may try and make one.