I pumped out some cute, yet relatively cheap hair clips to sell at an upcoming kids' Holiday Shop. If you can cut ribbon and use a hot glue gun, you can do this:
First, I went to Sally Beauty Supply and picked up a box of these. 100 count Single Prong Clips. They were $6.39.
Then I went to Michaels and got 7 spools of bargain ribbon that was 3/8" wide. They were $1 each. So $7.
You can get all the detailed directions HERE at HelloBee.com.
I kept them simple and when I was done, I just got some blue card stock that was laying around and cut some cards to put the hair clips on to "sell".
I got 50 pairs and spend $14 out of pocket. Not bad - and they were fun to make.