Crafting and Pricing - how do you get it right...?

As promised, Phone Pockets will now begin to appear in my shops, and this fab purple one is available at Folksy now.

As so many crafters find, pricing in the hours taken to make an item is rarely a viable option. If we did, we'd never sell a thing! So I think I've priced this competitively, but I'd be interested to hear your views. :-)