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Reply by Lee Barker

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Posted on not sure what to charge

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Lee Barker

2163 posts in 1505 days


#1 posted 01-07-2012 07:04 PM

Even scrap should be called out at its replacement value. I don’t allow the word “scrap” to be used in the shop. It is “material” and it has value. Having it around allows you, from time to time, to make a bonus on a project, and who wouldn’t want an occasional bonus?

Your hourly should reflect what it takes to cover your overhead—utilities, rent, taxes, tool maintenance, insurance, incidentals, etc.—plus your hourly pay for your skill, imagination, utility, artistic approach and uniqueness.

On top of that, profit so that your business can thrive.

It’s ok to do prototypes of this kind of thing and play with the numbers and run the product out there and see what happens.

What I lose patience with is someone discovering that the market will not pay you for what it takes to do this or that product and continuing to do it anyway.

There. I feel better.

Nate, coasters typically have a depression in them. They don’t need to, I suppose, but it’s pretty consistent and it says, nearly out loud, “Hey! You with the sweaty glass! I’m a coaster and I’m over here!”

Kindly,

Lee

-- "...in his brain, which is as dry as the remainder biscuit after a voyage, he hath strange places cramm'd with observation, the which he vents in mangled forms." --Shakespeare, "As You Like It"


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