Thoughts About Pricing Handcrafted Items

Hi. Pam here. Anyone out there who sees this care to comment on pricing in handcrafted items?
I've been told 2 -3 x the cost of material to make up for time put in...any agreements, disagreements? Successful pricing stories wanted now!

Welcome To My Blog

Welcome to my blog! This is all new to me, so this will be fun!
Please visit my Etsy.com page to see my stuff and what groups I belong to and let me know what groups you belong to there or anywhere!

It is: http://www.etsy.com/shop.php?user_id=5641782.

I love Etsy.com! Sure puts eBay to shame in my opinion. I mean eBay fees are WAY too high-they gouge you on picture fees, if it runs 10 days, according to price, etc., where Etsy.com only charges .20 per iem to list for 4 month's duration, AND 5 pixes for each item included with the .20! WOW!
And the teams are so great!