This past week has really brought forward two very interesting topics…......Div posted a forum topic, “Monkeys working for peanuts”, and a1Jim posted his topic, How much is your woodworking worth!.
Both topics generated a lot of interest and responses. Everyone from the hobbiest, to the woodworker doing it as a secondary income and the full time woodworker.
So….It gave me an idea, I would like to do a pricing survey! Bear with me for a minute and let me explain. Cabinetmaker magizine ( a national trade publication), does this every year and invites professional shops from across the country to participate to bid on a similar project to be able to compare pricing across the country. I have participated for the past four years and I find it very benificial. At first I was a little intimadated, being a one man shop and I knew I would be bidding with large production shops, but that doesn’t matter and I found out that didn’t have a lot to do with the final prices. It’s fun!
Here’s how it would work; I would like to make available 5 different projects that we all could submit a bid on. Each project would have a picture of the finished project with all the dimensions and specs for that particular projects. Detailed drawings will be supplied where needed. I thought I would have a box of some sort, a cutting board of some sort, possiblly an entertainment center, and a couple other cabinets. I will try to keep projects basic enough that everyone will be able to bid on. If you are interested, then you will be able to PM me and I will send you a package with all 5 projects, pictures, specs and so forth. I will also include a short story telling you how this sale came about, which might influence on how you might price it. You can bid on any one that you feel comfortable with. ( or all 5 ).
After the cut off date, I will complile all the results and list them on a future forum. I will be asking for build time/ hourly rate, finish time/ hourly rate and material cost. = total price for building that project. (or your formula for determining your price).
I won’t use anyone’s name, but thought I could just asign a number to your bid and you will be the only one that will know your number ( except me)............Trust me, your secret is safe with me.
I would also like to list maybe the state and if you are a hobbiest, part time woodworker or a full time woodworker.
All these projects have already been built and sold and on the final results I will share with everyone what each was sold for.
Anyone up for the challenge?
-- John @ http://www.thehuffordfurnituregroup.com