Hi everyone. I'm wondering, if you sell your work, how do you price it? There are so few hand-stitched bag makers I can find online to compare my prices against. On the one hand, I know I don't have the brand caché to benchmark against a heritage company like Hermes. But on the other, my work is 100% saddle stitched and uses top-level luxury materials, so I don't want to benchmark against a lesser-quality brand. And, of course, I want my pricing to be in line with you, my fellow bag-makers, so I'm not accidentally undervaluing everyone's work.
Thoughts?
I would say price what you feel you're bags are worth. There is no right or wrong here and you will find fellow bag makers pricing all over the place.
I would think your pricing could be in line with Hermes' retail pricing...not the wildly inflated market pricing that is commonly seen.