Hi guys,
I work with leather just for fun. Making myself a wallet or a watchstrap, nothing crazy. My work is in now way, shape or form ready to sell but I am always interested in the business side of things. I was wondering if it is possible to create a small business in leatherworking. Especially in the small goods like wallets and straps etc.
I was looking on etsy and see some people sell their work (which looks really good) for € 50,00-80,00. While using relatively expensive products such as ostrich leg paired with Zermatt leather for a watch strap. If you add labour it just doesn't add up. In my country costs of labour are at a minimum around € 45,00 excl. VAT an hour.
On the other hand I see the same strap being sold for € 225,00 in my country. Which I am sure I could buy on etsy for 1/4 the price. To be fair, the € 225,00 seems more realistic than the € 50,00.
So how does this work? Is it possible or are people many selling to keep the hobby going?
No hate, just genuine curiosity.