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Reply by Loren

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Posted on Pricing Your Work

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Loren

7423 posts in 2279 days


#1 posted 852 days ago

$20-$25 in materials per stand and you want to sell them for $100/pair?

I wouldn’t even consider it, personally. Woodworking is really not that
fun when you are making the same thing over and over.

General rule of thumb is you’re not getting at least 6X the material
cost in what you sell it for, it better be a real simple product like
an 1-piece incense burner. If the market won’t bear the price
of the product at at least 6X markup, I’d look for another product
to make. There are certainly ways to make some money at
woodworking but in general making the lower-priced version of
a commodity product for retail stores is not it.

-- http://lawoodworking.com


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