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pricing (Read 638 times)
 
David Schuelke
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pricing
Mar 26th, 2019 at 1:57pm
 
I have been asked to do 5 , 18 in .by 2 in. wall hangers for a retreat center to attach donor names, what would you charge for a piece of mesquite with turquoise inlay in that size ?
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« Last Edit: Mar 26th, 2019 at 2:00pm by David Schuelke »  

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Marc Walker
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Re: pricing
Reply #1 - Mar 26th, 2019 at 2:08pm
 
If it were me, I would ask myself a couple of questions.  Is this an organization, non-profit, or charity that I belong to or believe in?  If so, I might make the wall hangers as a donation, or simply ask for the cost of materials.  If not, then it would depend on how much the materials would cost, and how much time it would take me to do the work.  Either way, it is hard for me to provide you with an answer without additional information.
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Ed Weber
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Re: pricing
Reply #2 - Mar 26th, 2019 at 4:08pm
 
Marc Walker wrote on Mar 26th, 2019 at 2:08pm:
Either way, it is hard for me to provide you with an answer without additional information.

+1

David Schuelke wrote on Mar 26th, 2019 at 1:57pm:
I have been asked to do 5 , 18 in .by 2 in. wall hangers for a retreat center to attach donor names, what would you charge for a piece of mesquite with turquoise inlay in that size ?


Are you talking about a plaque, a platter or what, I'm not sure what a wall hanger is.
A piece of mesquite at the size you're looking might be all but impossible to find, if you did it would most likely be extremely expensive. You might need to do some sort or glue up or use a different species that's commonly found at that size.


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David Schuelke
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Re: pricing
Reply #3 - Mar 26th, 2019 at 6:52pm
 
I have the wood and the turquoise, I have one done but am having difficulty loading the picture.

It is 1.5 inches thick 17 inches wide and a natural edge, I inlaid turquoise in the natural cracks and finished it in a gloss finish
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Don Stephan
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Re: pricing
Reply #4 - Mar 26th, 2019 at 7:51pm
 
Price of materials plus (your time times what an hour of your time is worth)
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David Schuelke
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Re: pricing
Reply #5 - Mar 27th, 2019 at 8:24am
 
Don, how do you estimate your labor, time on a project?
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Ralph Fahringer
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Re: pricing
Reply #6 - Mar 27th, 2019 at 9:34am
 
How much do you want to make?
That is how you figure your labor.

In your mind, do you think your time is worth $10/hr, $20/hr, or ???
Now, in my store, my current hourly labor rate is $70/hr. which also has to cover things like fixed overhead and such.

Consider that as well in  your calculation.

If you are only doing this as a hobby, then give your self however much it takes to buy a case of beer or a bottle of Scotch, or whatever makes you happy.

If you are trying to supplement your meager retirement income then consider a minimum of $20 - $25/hr.  again, because the money for the electric & heat needs to come  from somewhere.

Also decide if you are going to declare that as income on your taxes or just going to pocket it.

Also, even if the wood was FOG wood, take into consideration how much it would have cost someone to actually buy that wood on the open market and charge THAT amount for materials.

If someone gave you a piece of Macassar Ebony, would you only charge 5 or 10 bucks to your customer?

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Ralph Fahringer
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Re: pricing
Reply #7 - Mar 27th, 2019 at 9:41am
 
As for  estimating how many hours you might take to do a project....

If you think about it and decide that it would take you 3 hours to do it, double it.

Odds are that even then you will be off but alot closer to the actual time spent.

Unless you use a stop watch to track your time, you won't remember everything it takes to make something.

Going to the bathroom or getting something to drink is still on the clock. Grin

Experience gets you closer, but always bump your estimates. Smiley
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Jennifer Hasan
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Re: pricing
Reply #8 - Mar 27th, 2019 at 10:55am
 
I have a simple formula:

Diameter x Height x 6 = Price

18 x 2 x 6 = $216
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Ralph Fahringer
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Re: pricing
Reply #9 - Mar 27th, 2019 at 11:02am
 
Jennifer,

Regardless of type of wood?

Seems very arbitrary.

A plain  Beech bowl versus a highly figured, spalted or burly bowl?

What about inlays?

This is why "simple formulas"  actually aren't all that good of an idea.

Maybe as a starting point, but for a one size fits all.. no thanks.

Of course, if it works for and you are happy with those prices, then good for you.
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robo_hippy
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Re: pricing
Reply #10 - Mar 27th, 2019 at 11:28am
 
Hard to figure time, mostly because a bowl that used to take me 45 minutes or so, is now down to 5 minutes or so... More than anything it is being able to figure out what the market will bear. If nothing else, always price high because you can drop the price a bit on the sale so they get a bargain....

robo hippy
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David Schuelke
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Re: pricing
Reply #11 - Mar 27th, 2019 at 1:12pm
 
Thank you all so much, you gave me awesome suggestions, I really appreciate it.
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Ralph Fahringer
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Re: pricing
Reply #12 - Mar 27th, 2019 at 1:50pm
 
I think the most important suggestion is:

Don't quit your day job!!! Shocked Shocked Grin Grin

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David Schuelke
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Re: pricing
Reply #13 - Mar 27th, 2019 at 8:14pm
 
I quoted them $250.00 each and just received approval to start

Dont worry Ralph, I quit my day job long ago, turning is an amazing hobbie I have discovered and once in a while someone with no sense of wood turning actually pays me for  a bowl, cant get any better than that
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Don Stephan
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Re: pricing
Reply #14 - Mar 28th, 2019 at 7:49am
 
Keep the estimates for materials and labor in a safe place, and track the actuals for the project.  And let us know how your labor estimates compared with actual.
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