Anyway, I really wanted to write a quick entry about a business lesson I learned yesterday. The first mosaic I sold online was to a lady in Maryland. She purchased the blue and white tissue box (pictured in an earlier blog) for $35 plus $10 shipping and handling. I clearly hadn't thought the price through. After tallying it up yesterday, I realized that my extreme modesty had cost me quite a bit. Let me break it down for you:
Tissue Box: $6.00
Glass: $15.00 (about)
Grout: $3.00 (about)
Box (for shipping): $1.50
Role of bubble wrap: $13.00
Shipping: $22.00
I had no idea how much it would cost to ship a package like that, let alone how expensive shipping materials were. I didn't even account for the 3 days it took me to create the actual tissue box. I simply priced the item based on what I would want to buy it for (I have always had a hard time putting a proper price on things. I have this problem with practically giving things away...). So for $60.50 I made and shipped a glass mosaic (plus the $1.50 I owe Etsy in commission). It cost me $15 dollars to make a beautiful mosaic for the woman in Maryland. Merry Christmas Samantha R.! I'm sure you deserve it! And I'm considering all this a valuable lesson learned.
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