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how to price a cutting board

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Forum topic by Paul posted 1712 days ago 11725 views 5 times favorited 18 replies Add to Favorites Watch
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Paul

213 posts in 2077 days


1712 days ago

Hi
I have a question that I am sure will bring many different answers.
I have made some cutting boards for the family for Xmas. I will try to post a photo later
They are made of Maple, cherry, mahogany, and walnut. All of them have at least three of the above listed woods. They are all around 12 by 22 inches and 1.5 inches thick. Against my cost for the wood I have about 60 dollars in wood into each board. Then the glue, sanding belts.finishing ect…
five of the six are basic stripe patterns of different thicknesses within each board and one is a basket weave pattern
cutting board basket
They are gifts but if I were to sell them How would I price them?
What are you guys charging for cutting boards?

Thanks
Paul


18 replies so far

View Broglea's profile

Broglea

665 posts in 1716 days


#1 posted 1712 days ago

I’m not sure of the proper way to price them. I’ve sold a few recently. The last one was an end grain black cherry board that was 24”X24”X1 3/4. I found a buyer willing to pay me $80. I probably had $20 of material into the board. I find building cutting boards kind of boring, but on the flip side they can make you a little extra cash to reinvest into buying more tools! I’d be interested to hear what is the proper way to price them. Thanks for the post!

View Ken90712's profile

Ken90712

14878 posts in 1814 days


#2 posted 1712 days ago

I have made over 15 End-Grain cutting boards thus far. Rock Maple and Purple Heart & Rock Maple and Black Walnut. I have about the same money $60-80 into them. I charge $150.00, which I thought might be to high for them. Surprisingly most understand how much work goes into each one. I have 7 of them in finishing stage with the 4th coat of finish, 5 of them spoken for. After this batch there going up in price $200.00 partly due to making them is alot of work (sanding, which we all love) and I want to do something else. Someone on here once gave me some great advice, ” Do not be afraid to charge for your time”..
Hope this helps, Good Luck!

-- Ken, "Everyday above ground is a good day!"

View WhittleMeThis's profile

WhittleMeThis

125 posts in 1998 days


#3 posted 1711 days ago

Material Cost (wood + finish etc.,)
+ Direct Overhead
+ Your hourly rate (should include indirect overhead)

= Price

__
Direct Overhead = specific to the building process of the job
Indirect overhead = Specific to running your business (marketing, personal insurances etc.,)

If the price seems higher than the market will pay, then you need to adjust; the amount or cost of materials, adjust the time put into each board or a combination of both.

I am not a big fan of material x 3 as some projects have a lower material cost but may require a lot of labor (high labor cost).

Congrats, on getting buyers for your products that is always a great accomplishment regardless of final profit.

View dennis mitchell's profile

dennis mitchell

3994 posts in 2939 days


#4 posted 1711 days ago

Add up the cost of all your woodworking tools, the space for your shop, heating, electricity, the hours it took to build, the hours it took to gain your skills, cost of the wood, and don’t forget sales tax. Then divide by number of cutting boards….I hope you built lots of cutting boards.

View Moron's profile

Moron

4666 posts in 2518 days


#5 posted 1711 days ago

I save my scraps and once every 2 or 3 years I glue them up into cutting boards and then I simply give them all awayto friends, charities…..............

I have no idea how to sell a cutting board at a profit when I can buy one made in Asia, or India, for less money then it costs me to turn on my lights.

-- "Good artists borrow, great artists steal”…..Picasso

View eddy's profile

eddy

926 posts in 1990 days


#6 posted 1711 days ago

i have sold about 20 cutting boards over the last 4 months mostly at craft fairs or farmers markets what i have learned is location plays a large part. if i am selling here in the desert people will not/can not pay a lot
if i am in a better area i can charge more. no different than housing. i have nowhere near that dollar amount in my boards maybe 15 dollars i sell them for a average of about 45 dollars this is close to what you can get them for on e-bay or etsy. as for the labor i have (not including glue dry time) about 2 hours in each 1 of them. also the design of the boards plays in to the price. my tumbling blocks boards i have sold for 100 dollars.
the square block patterns sell for 35 to 55 dollars
i would ck for others in your area that are selling similar items and see what they are getting for them and price your items from that. this is the way i have been doing it maybe not the correct way but it has been working for me hope this helps and good luck

-- self proclaimed copycat

View hObOmOnk's profile

hObOmOnk

1380 posts in 2753 days


#7 posted 1711 days ago

Formulae determine COST not PRICE.

The MARKET determines the PRICE.

The skill, recognition and the business acumen of the artisan determines the MARKET.

-- 温故知新

View cabinetmaster's profile

cabinetmaster

10874 posts in 2183 days


#8 posted 1711 days ago

I just recently spent some time on here looking at Ebay and Etsy. I found that Prices ranged from about .20 cents to about .40 cents per square inch. So I am pricing mine at about .25 cents per square inch. Hope that helps.

-- Jerry--A man can never have enough tools or clamps

View Llarian's profile

Llarian

128 posts in 2232 days


#9 posted 1711 days ago

The problem with the square inch thing is that cost doesn’t scale linearly with size. (Unless you consider your time free). It doesn’t take much longer to make a huge cutting board than it does a small one. So if you’re making breadboard, you end up with a much lower hourly rate using a strict size calculation.

The real answer is what will people buy them for? Float some trial balloons, do some competitive analysis (harder than it seems) and see what’s selling. Maybe ask some trusted friends who have some appreciation for business if they would pay $X for them and see if they laugh at you. If they immediately say yes, you might consider going higher unless they’re your exact target market.

I wouldn’t recommend asking family members, they don’t tend to give useful answers. (“Why yes sweetie, I’d totally buy that cutting board for $1500 if I had any money! You make such nice things!” <—Not useful)

-- Dylan Vanderhoof - General hobbiest and reluctant penmaker. http://llarian.etsy.com

View Broglea's profile

Broglea

665 posts in 1716 days


#10 posted 1637 days ago

Ebay and word of mouth for me.

View eddy's profile

eddy

926 posts in 1990 days


#11 posted 1637 days ago

try looking for local craft fairs/farmers markets

-- self proclaimed copycat

View Moron's profile

Moron

4666 posts in 2518 days


#12 posted 1635 days ago

the 20 dollar world.

Years ago I carved a few 1/4 scale loons. I put one in a gift shop on consignment for 150 dollars. 75 to me, 75 to vendor. That loon sat there for months collecting dust.

I took the loon out and put in the store right next door and asked for 350, vendor put their 100% mark up and it was priced at 700 dollars…..............it sold the same day.

-- "Good artists borrow, great artists steal”…..Picasso

View Joe Kimmell's profile

Joe Kimmell

32 posts in 1780 days


#13 posted 1634 days ago

I do real well at Farmers Market, and a couple gift shops. I agree with Eddy above about what your local market can bear. A board I sell for $40 locally can fetch $75-80 up in Indianapolis, easy.

I’m also fortunate to have 2 high quality Ma & Pa hardwood mills nearby that give me really great prices.

Don’t forget to factor in supply costs. It’s not unusual for me to use 4 different sanders on one board…..belts, pads, and discs can get pricey after a while!

If you view my profile pic, those boards range from $25-45 locally. $40 & up in the city. Have fun with it.

-- Beer and Bandsaws just don't mix. Take my word for it!

View Steve Peterson's profile

Steve Peterson

244 posts in 1707 days


#14 posted 1634 days ago

I really like the design on the cutting board.

I think that a price range of $150-$200 would be fair, although it might take a while to sell in this economy especially with the store markup added.

-- Steve

View csifishguy's profile

csifishguy

63 posts in 1717 days


#15 posted 1631 days ago

I think it depends on what the wood cost and time are, I found a great deal on wood and bought about 2,000 to 3,000 board ft of mixed oak, cherry,maple,black walnut,brazillian cherry,mohogany for only $100.00. so I would not have to charge as much as some.

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