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Making Your Own Lanyard: Is It Worth It?

Updated on January 18, 2010

One of the biggest questions of today is whether it is worth it to buy something that you can make yourself, and this applies to lanyards as well as anything else.

It is possible to make your own lanyard. The question is not if you can do so, because it is very simple. The question is whether or not it is worth it to do so.

So, let's look into some numbers here. The reason that we are looking into the numbers is because we want to be able to find out whether or not it is cost-effective to make a lanyard.

And what I mean by this is that if you are Bill Gates, you are probably better off just buying the lanyard, since you can make $5,000,000 in the time that it would take to make the thing. (Also, if you are Bill Gates, please send some money my way haha)

If you are making less than a certain amount per day, then it would be worth it to make the lanyard since you would be spending more time working to make back the purchase money.

For example, if you make $5 per hour, and it costs $100 to buy a lanyard, then you are better off making it, since you would be working 20 hours to get back that cost, whereas making it might only take 2 hours. Get it?

Ok, so now that we have that part down, let's look at some actual numbers.

I did my own research and looked for lanyards online. I found that I could get a quality woven nylon lanyard for about 25 cents. This is a nylon lanyard, not a flimsy type.

How long do you think that it would take you to make your own? An hour? Two hours? Well, I don't know about you, but I think that my time is worth more than 25 cents an hour! So clearly it is not very cost effective to make your own lanyard.

Of course, there are other reasons that you might want to make your own, besides saving money. You may want one that you can really truly call your own. That's fine, I totally understand that viewpoint. If that is what you want to do, then go for it! I have included some very helpful information in the links section if you want to make your own.


Green Lanyard

High quality lanyards can be found for cheap online
High quality lanyards can be found for cheap online

Buying Lanyards vs. Making Lanyards

Buying Lanyards: Pros and Cons


Pros

  • Cheap

  • Can be easily done online

Cons

  • Not your own

Making Lanyards: Pros and Cons

Pros

  • You can call it your own

  • Fun to make

Cons

  • Time consuming

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