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So what's it worth?

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Blog entry by scrimman posted 840 days ago 885 reads 0 times favorited 3 comments Add to Favorites Watch

For the longest time I’ve wondered how to answer that question ‘how much is it?’ How do you judge that? I’ve finally gotten down to the point where I’m going to have to just start being a little OCD and start writing it down. Thus far it’s been working ok; I’ve got a couple of celtic crosses I need to carve for a couple of weddings I’ve been invited to. Being that the wood, this time, was free I can concentrate on what it is I do to it…whether it be joinery, planing, or carving. Thus far I’ve only got 1.5 hrs on one of them, and I’ve only accomplished clearing away about 1/3 of the waste wood; haven’t even started shaping it. We’ll see how it progresses.

-- No matter where you go, there you are!



3 comments so far

View degoose's profile

degoose

6993 posts in 1980 days


#1 posted 840 days ago

Your cost on your time depends on how efficient you work…. if it takes you longer than someone else you cant charge the same hourly rate…
When I first started, I was advised to charge $2.00 per hour and as I got more proficient and added larger machines to my shop and thus reduced the time taken… I increased my labour charges…now I get up to $60.00 per hour…not every hour but some…
Hope this helps…

-- Drink twice... and don't bother to cut... @ lazylarrywoodworks.com.au For lovers of all things timber...

View rockindavan's profile

rockindavan

283 posts in 1262 days


#2 posted 840 days ago

If you’re friends with the people, it makes it a lot more complicated. Sometimes its better to do it for free for family and friends than try to figure out a price. If you’re doing it for a hobby, around $25 is a lot more reasonable for people you don’t consider only clients.

View scrimman's profile

scrimman

74 posts in 852 days


#3 posted 837 days ago

Well, project done (and posted, too Click for details) I can say definitively that the Mahogany cross took me 10 hours to set up, carve, and finish. With minimum wage being 7.25/hr, that should mean that I can can charge 72.50 for a cross like it if I just pay attention to the numbers. Trouble is that I can’t recall when the last time was that I saw a hand-carved Celtic cross so I don’t know if I’m in the ballpark. Can’t find any online, either. I think I’ll do an Ebay experiment; I’ll carved another one, charge precisely for my hours (ignoring materials and equipment costs) and see if it sells.
As for some of y’all’s comments; you’re right, Rockindavan. I wouldn’t feel right charging ‘full price’ to my friends and relatives. Never have charged ‘em, anyways. They’ve always been Christmas gifts or horse-swapping. And, Larry, I think I’ll start from somewhere somewhat higher than 2.00…I’m a little more advanced than that! But I’m sure not up to the 60.00 level, either…...

-- No matter where you go, there you are!

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