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This blog is written by Stephen Mines | 3 entries so far

Latest Entry

Making A Living At It! #1: Self Valuation

02-21-2014 04:03 PM by Stephen Mines | 2 comments »

“Any suggestions how to price or split the price of a turning?” Sure. I started woodworking (including woodturning) in 1971 and since 1987 my sole source of income has been woodturning. I’ve not had such a hard time determining prices, partly because, in the marketplace of simple woodturning, most ‘professional’ wood turning businesses are masters of fixing the prices: high, higher and outrageous I routinely charge 15 to 25 percent less than established companies and routinely post around a 20% profit margin, plus I pay myself a pretty decent wage. I choose to charge lower prices for superior work and insure repeat business from satisfied customers (who c...

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