Help with pricing

[BradB]

I always under price my stuff, I under value it because I am a perfectionist. I need help with pricing a checkbook/pocketbook. The customer wants it to have, a checkbook, coin compartment, 10 CC slots, cash pocket, receipt pocket and a pen loop, brown in color with a simple yet cool design stamped into it. What the heck should I charge for this, $75, $100, $150?

Help, what do you get for something like this?

Send me a PM if you don't want to answer publicly your pricing!

Thanks in advance!!

[BradB]

Any help would be appreciated!!

[bruce johnson]

Brad,

Quick and dirty. You first need to figure out the cost of materials, add in incidentals, and then the markup. Thyen you need to estimate the time involved. To cut and make up all the insides, stamp the design, put it together and finish it. If you haven't done them before just like this, you are going to need to make up cutting and tooling patterns too. You need to either add that total cost in, or figure a reasonable number to prorate that time factor out on. Then add up the time and figure what you are worth. There are people that work for beer money and people that do this to pay the mortgage. No right answer.

[BradB]

Thanks Bruce!