Rainbow Tie Dye - 50 yds - $8
This listing by Eclectic Notions made me stop and think about how I am monetarily valuing my time.
The supplies I use for my necklaces come pretty cheap. I can get 8 shirts of various sizes for roughly $5 at The Garment District. Each shirt yields at least two necklaces. Add in what I pay for beads ($.50-$1.00 per necklace) and the materials cost is under $2 per item. The most valuable component is time. It takes me 1-2 hours to turn a tshirt into yarn and 1 hour to construct a necklace. I’ve discovered my yarnification process is slightly more involved than fellow shirt harvesters, but I like my end result better. Instead of a strand looking like two tubes (see the picture), I roll the stretched fabric into one tube.
With necklaces priced at $10-$15, I’m paying myself around $4/hour. Granted, while I’m making jewelry I’m usually watching a movie on my couch and I enjoy doing both. None of this takes into account time I spend designing, branding, creating packaging details, listing items, applying to craft fairs, or numerous other things. I don’t think the Sharks would invest in my business.