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Tell me if its worth for $....?

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Project by rosewood posted 1830 days ago 2154 views 2 times favorited 19 comments Add to Favorites Watch

Making furniture was only for hobby to me,
After sending a set of chair from sapwood to my friend for his wife birthday’s gift a week ago, i made another set of chair as her friend ask me to do so, today when i was polishing the chairs with tung oil she came over to my place and said ; are these chair made for me ? the lady like it very much, but when she ask me the price i could not say anything about it.
I would love to have suggestion from LJ’s members, how much its worth for ?

Thanks guys.

Rosewood.

-- http://picasaweb.google.com/deniirawan66





19 comments so far

View Chris Davis's profile

Chris Davis

1285 posts in 2484 days


#1 posted 1830 days ago

Those are great! One thing about pricing, be sure to don’t short yourself. Thank about all cost. First actually material cost (includiing time to go get it or delivery charges), Indirect cost (nails, glue, electricity, wear and tear on tools and machinary), and Labor. Most people short themselves on the labor. They don’t pay themselves what they are worth. Think about how much you’d be paid doing something else and if you figured other cost then that will be the least to charge.

Keep in mind. You get your car fixed and they are afraid to charge $65/hour. Of course that does include their indirect cost.

With that said, I sometimes undercut myself if I really want to do a project. If it is something that I want to do for experience or to have the pictures for my site. The biggest problems with woodworkers is they don’t charge enough. Look in all the publications about woodworking and they talk about it. There must be a reason they spend so much time on it.

Good luck and keep up the good work.

-- Watch live video from our shop. http://wwbeds.com/live.htm

View rhett's profile

rhett

691 posts in 2169 days


#2 posted 1830 days ago

(Cost of materials X 10% +/-) + (your hourly rate X hours worked) + profit = product worth.

Materials include wood, glue, finish etc.
10% is added to cost to compensate for time spent aquiring materials.
Your hourly rate is cost of keeping shop open. Overhead, insurance, electric etc. All shops have a different shop rate due to different working conditions.
Profit is what you make for having the ability to produce professional high quality woodwork.

This is only a rough idea of how to price work. Everyone has there own equation. The only other thing I wish to add is this, and it applies to all woodworkers. Never make anything for a customer without a prior agreement as to what the final cost will be and don’t sell your work on the cheap just make a quick buck. It devalues all woodwork, done by all woodworkers, when you work for pennies on the dollar just to afford a new tool for your shop!

-- http://planeandsimpleblog.wordpress.com/

View daltxguy's profile

daltxguy

1373 posts in 2416 days


#3 posted 1830 days ago

Impossible to say considering you are in Indonesia. Beautiful wood.
I read once that one method of pricing is to take the market price of the materials and multiply by 5. But even that has problems – what is the market price of the wood? depends where you live, depends on whose buying, depends how far you have to ship, wholesale or retail…and so on.

The true price of anything is whatever people are willing to buy it for. The only way to find that price is by either
1) setting a price you are happy with and see if anyone buys it
2) negotiate a price you are both happy with

-- If you can't joint it, bead it!

View miles125's profile

miles125

2179 posts in 2508 days


#4 posted 1830 days ago

They are worth half of what you’ve put in them. Welcome to the modern world of woodworking.

-- "The way to make a small fortune in woodworking- start with a large one"

View gagewestern's profile

gagewestern

299 posts in 1852 days


#5 posted 1830 days ago

Hi Rosewood I like what Chris said take what say the car guy gets or a plumber or electrican get a hour where you live and adjust it a little then add your other exp. have fun brian

-- gagewestern

View Kindlingmaker's profile

Kindlingmaker

2653 posts in 2029 days


#6 posted 1830 days ago

A very beautiful bench and chairs! WOW!

-- Never board, always knotty, lots of growth rings

View spanky46's profile

spanky46

977 posts in 1893 days


#7 posted 1830 days ago

Very special!

-- spanky46 -- Never enough clamps...Never enough tools...Never enough time.

View rosewood's profile

rosewood

233 posts in 1843 days


#8 posted 1830 days ago

I am living in a remote area surounded by beautifull views,fresh air and some exotic wood on my hand,and
now i have some great friends from LJ’s members who support me with some idea and suggestion.
guys i love being a part of you,
i should be able to answer the lady when she come back to pick the chairs up.

Many thanks,

Rosewood.

-- http://picasaweb.google.com/deniirawan66

View windofthewoods's profile

windofthewoods

44 posts in 2577 days


#9 posted 1830 days ago

Check out the price estimate wizard for woodworkers at bridgewooddesign.com/estimator/ and that will give you a place to start. Just think of how you would work out the price for a complete stranger knowing that has to pay all the bills and feed your family until you finish your next project. Then figure out what kind of discount you want to give family and friends from there.

-- Ed,Red Lake, Ontario, Canada

View OutPutter's profile

OutPutter

1194 posts in 2492 days


#10 posted 1829 days ago

Hi rosewood,

Greetings from Texas. I think you should estimate how much stuff you can produce in a year and assign a value to it. If Indonesian doctors make 50,000 per year and you think people in your market will pay you that amount per year, year after year, distribute that amount among the stuff you can produce in a year based on how much each piece is worth relative to the other pieces. Now, if I’ve been keeping up, you don’t have any cost for the wood so just add 10% to each piece to account for screws and glues. Finally, send me any left over wood at the end of the year so it doesn’t rot or something. ;2)

-- Jim

View jack1's profile

jack1

1898 posts in 2529 days


#11 posted 1829 days ago

A fairly good rule of thumb is three times the cost of all materials including clean up and stuff you already had since it cost you when you first got it. If the project was super easy or super hard, adjust from there. I don’t usually have a problem with this method.

-- jack -- ...measure once, curse twice!

View woodworm's profile

woodworm

14124 posts in 2093 days


#12 posted 1829 days ago

You lett me biting my lips by showing project after project from beautiful lumber.
Still thinking how I may get my hands on those killing lumber (if look can kill) LOL.

-- masrol, kuala lumpur, MY.

View johnpoolesc's profile

johnpoolesc

246 posts in 1862 days


#13 posted 1829 days ago

most of the woodworkers i know would give you 500 for just the wood.. that is killer stock

-- It's not a sickness, i can stop buying tools anytime.

View rosewood's profile

rosewood

233 posts in 1843 days


#14 posted 1829 days ago

Hai WoodWorm.
I can arrange small amount of wood for you, just let me know the size so i can ask the shipper and customs for it costs, if its costs to huge we just cancel it, i just have to keep every villagers works so they can live their life just likes us,

Thanks.

Rosewood.

-- http://picasaweb.google.com/deniirawan66

View MNbuzzdust's profile

MNbuzzdust

99 posts in 1854 days


#15 posted 1829 days ago

You will plant good seed and feel great if you give them away or at the very least just charge them for materials. I prefer to give stuff away. The quickest way to ruin a good hobby is to turn it into a business…...

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