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Reply by nick85

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Posted on Pricing Your Work

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nick85

39 posts in 831 days


#1 posted 805 days ago

This may not apply directly to woodworking, but the formula I use at work for building custom battery packs is:
(C (cost of cells) + M (cost of extra materials)) x N (number of cells) x 1.5 (general estimate of time) x 1.6 or 1.8 (commercial or retail)

Simplified for your situation, take the amount your materials cost, determine how much time you have exerted and what you’re willing to sell your time for, and then pad it a little to make it worth it. If they are not complicated stands, look decent, and you enjoy building them, I would say $100-150 would be a fair price. More if they are extravagant or custom, less if they are hastily built as utilitarian.

I wish I could say that people are still willing to pay a fair price for good, quality craftsmanship, but most will tell you “I can get it cheaper online” as though you’ve never touched a computer before. However, in niche markets such as yours, and especially if you’re selling in a shop that caters to vintage audio equipment, I think you could do quite well. If you have the skills to do so, maybe have the shop owner advertise for you to build full custom enclosures and cabinets. There is a large market for well built, mid-century vintage pieces.

Just my thoughts. Good luck!

-- "I suggest a new strategy, R2: let the Wookiee win."


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