Here is a little blanket I made for my daughter. It's made from 2 fleece blankets (bought at CVS for $1 each)
Front:
Back:
I started out by using an 8 1/2 x 11 sheet of paper as my template. (ended up being about 7x10 when sewn)
After cutting out my pieces, I pinned ribbon pieces on the striped piece, then put the green piece on top and pinned them together. (Yes I did it wrong the 1st time and the ribbons ended up on the inside when I turned it right side out) Kind of like a ribbon sandwich...
After it was all pinned, I sewed it together leaving a small opening on one of the sides so I could turn it right side out.
After turning it right side out, I folded the opening, and ironed it down so it would stay that way.
I sewed around the edges twice, making sure to sew the opening closed.
Then, I used Seam-Steam 2 and another piece of fabric, and cut out a heart shape. I took off the backing, and ironed on the heart to the little blanket. (Turned the iron too hot at first, and almost burnt the fleece)
Not a hard sewing project, pretty dang easy in fact.
I would note, that if you do make this, I would not advise selling it. There is a "Taggie Blanket" that has this design patented and apparently they pursue anyone who tries to sell their idea. I did however see some of these tag blankets at my local resale baby stuff store.