For this inexpensive project grab the desired lamp shade, a utility blade, pencil for marking, soft tape measure, and ribbon of your choice.
I placed my tape measure right above the trim. I made marks every inch. You can play with the spacing. Then, you take the utility knife and make vertical slits the length of the ribbon. Next, weave your ribbon in and out.
I did the top and bottom. I think it turned out pretty cute.
Here's the after pic of our bed area. I added red ribbon around the pics above our bed too. I still am going to make some fun pillowcases for our bed when I get some time. Our room looks totally different and I love the change. All together I spent less than $40 for the whole room. It will be closer to $50 when I make the pillowcases.