How do you set your prices?

iVillage Member
Registered: 09-07-2000
How do you set your prices?
Fri, 08-31-2012 - 3:07pm

I'm thinking about starting to sell my handmade items on Etsy, but I am curious about how you go about setting your prices.  I see so many items there similar to what I'm making at such ridiculously high prices that I can't image anyone is selling anything!  What factors do you take into consideration when setting your prices?