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#1 posted 02-11-2011 01:04 AM
I don’t disagree with the content of your blog, but would appreciate if you posted in full here rather than having us go to blogspot.
It is refreshing to see someone state right out that if you are into this as a business that it is margin that produces profit which is what you end up with as your income. The ideas of an hourly rate rationale for pricing products is immaterial. Hourly rate is for an employee or to use in quoting a job to cover the cost of an employee. An owner works for profit.
10635 posts in 3575 days
#2 posted 02-11-2011 03:29 AM
I’d have to agree with Steve, Hobomonk. This has always been a site in which we share our ideas to help each other. Your comment is right on, I would just like to see a discussion on it here on LJs, so everyone can benefit. Just my worthless 1 and 1/2 cents. LOL. GB, mike
-- (You just have to please the man in the Mirror) Mike from Michigan -
#3 posted 02-11-2011 03:06 PM
#4 posted 02-12-2011 12:27 AM
1930 posts in 3094 days
#5 posted 02-12-2011 12:34 AM
Check it out guys…........http://lumberjocks.com/Manitario/blog/20907- JJ
#6 posted 02-16-2011 02:43 PM
Producing a good margin is only the first step in being profitable.However, I have met so many crafters set their prices too low and don’t control costs.If you are losing money on each sale, you can’t make it up in volume. :)
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