Hi Barking: I also am new but tried to get a lot of feedback and advise from other sellers when i first opened so I will pass some of that on to you.
First you need to get people to your shop.... Your shop title and description have to include keywords about what you are selling and why someone should visit your shop. Keywords might include upcycled, handbags, totes, unique, trendy, whatever you think describes your product. You should definitely read all about SEO (search engine optimization) to learn more about how to write your text. The verbage under your shop title just has your names and location - you need to change this to keywords about your shop.
Make sure you participate in the forums, join teams, create treasuries, and promote on facebook and twitter. I have read that many people get shoppers/visitors to their shop via twitter. I personally do not use it but mostly because I am too busy to learn a new form of technology but I suggest you investigate this as well as facebook. I do have a facebook fan page www.facebook.com/babywearbybabs. You should start promoting there and get your friends to help promote and spread the word. Join the Make my Facebook Famous team and get people to "like" you to build up a fan base.
Once you get people to your shop you need to keep them engaged in your product....
Your banner doesn't tell me what you are selling and it really is too busy to keep me interested. Work on the banner - there are people on Etsy who will help you design one if you need help there.
Work on your photographs. Look at your competition. You definitely need to include at least one photo of the inside of the bag. Remember that people are not in a brick and morter store and cannot touch and feel the product. You need to represent your bags completely - make the photos so good someone feels like they can see every piece, every angle, every texture. Photos on a model are good for size perspective. You also might put them in an environment instead of just white background. Not too busy but something interesting. Again, check out what your competition is doing.
I disagree with the idea of lowering your prices. But make sure you aren't trying to make money on the postage. I really try to put a price that is accurate but not much more than what the actual cost would be. I read recently on another discussion about someone refunding extra postage billed over the amount it actually cost. If you want to try this then make sure your shop policy says you will charge only for actual cost (and you will have to figure out how to refund through Paypal). I think most buyers are sophisticated enough these days that they know when shipping is too much - I know I will stay away from someone who is trying to gouge me.
Lastly rework your store policies. I checked out people with a lot of sales and read their policies while I was creating mine. I have heard over and over that "all sales are final" is a big turn off to buyers. Buyers want to know that you will work with them. You might get burned sometimes on returns but you are more likely to have a happy customer with positive feedback if you provide some kind of return or refund policy.
Be personable and friendly in your writing. Your item descriptions are short and sweet - try to put a story into them.
I know this is a lot to absorb but I would go back to the beginning and rework every aspect of your store after researching other successful shops and reading about SEO. Again, I haven't been around all that long but I looked into all aspects of Etsy selling before I opened up and got a lot of great feedback early on.
You asked for Honest - hope this isn't too much to absorb.
Good luck,
Barb