How to price your work. A Simple Technique.




A real quick and easy way to put a price on the things you sell. Whether you sell one piece at a time like home furniture or if you sell multiples at a craft show.

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43 Comments

  1. A cheeseburger
    July 8, 2017
    Reply

    I would ask random people what they would pay for it.

  2. cardsfanbj
    July 9, 2017
    Reply

    "Don't screw yourself" … except in the fun way.

  3. Isura Sudarshana
    July 16, 2017
    Reply

    There are several suggestions to consider before you begin your own woodworking business
    are you likely to get support from your spouse?
    Are you someone who is self-motivated?
    Will you carry out your plan?
    Do you have the funds to start?
    (I discovered these and why they work from Enata wood system site )

  4. BOSS MAN
    July 21, 2017
    Reply

    This guy is smoking some good shit thinking he's worth $500 bucks a day.

  5. Kyle Lester
    July 24, 2017
    Reply

    Doesn't it come down to what you can get out of your work though to determine your 'day rate'. You can spend all day working on tops and get $5 for each one and your day rate would be $100 lets say. Go make maloof rockers and your rate could be $5000 a day right?

  6. Crypto Buddy
    July 25, 2017
    Reply

    There are several ideas to think about before you begin a woodworking company
    are you likely to have help from your family?
    Are you someone who is self-motivated?
    Will you carry out the plan?
    Do you have the funds to start?
    (I learned these and the reasons they work on Enata wood system website )

  7. Brian Carinder
    July 25, 2017
    Reply

    love this concept very easy.. i thing i would add is that it is hard to figure in the cost of tooling as well

  8. Mark Yates
    July 27, 2017
    Reply

    An excellent Video. A Job well done!

  9. David marzolino
    August 3, 2017
    Reply

    Just figure how much you really need to get for the job and still make a decent profit, then double it. I've been using that method for years, it's always worked well for me.

  10. Blind Lemon Peel
    August 14, 2017
    Reply

    Agreed. Good advice. Can't help but shake my head at some of the comments. Craftsman are not trying to compete with WalMart, or any of the other purveyors of made in China junk. The people who want handcrafted American goods will pay for them.

  11. First Finger
    August 14, 2017
    Reply

    I understand your principle of $500.00 per day. I built Tomas Jeffersons Lap box which took 12 days. There is way I could get $5000.00 for it. After many months I got $1000.00 for it. It was a very challenging project and very fragile. I enjoy your videos, well done.

  12. Cedric Edwards
    August 28, 2017
    Reply

    I don't want to filter through 600 comments so if this was already answered, I apologize. When determining a day rate, how would a woodworker factor in wait times? For example, I may have to wait 24 hours between coats of finish…if my day rate is $1000 and it takes a day to build and assemble a chair and 5 days to apply finish to that chair, I'm not gonna charge $6000 for the chair

  13. jimgam730
    August 30, 2017
    Reply

    Good advice. Never knew about the day rate. Gonna put that into effect. Thx

  14. Jason Reeve
    September 2, 2017
    Reply

    i weave navajo style mats 14" x 26" but have no idea how much to charge for them. any ideas on what my day rate could be? I am in the UK. t.i.a.

  15. SANJAY AHLAWAT
    September 2, 2017
    Reply

    Thank you for this really amazing video. This is one aspect that most people are ignorant about.

  16. Barry Sterling
    September 4, 2017
    Reply

    Wow! Straight to the point! I truly appreciate the perspective. Made some benches last week. Sold at $35 because took about two hours from start to finish. By the end of the day I had a order for 10 and people asking me to build all types of stuff. Realistically though, I think if I go with a day rate model, I'll be operating with higher numbers. Thanks!

  17. Kyle Hagerty
    September 24, 2017
    Reply

    what if I'm a 13 year old kid with close to no skills

  18. spontina
    October 6, 2017
    Reply

    This is for the crafty popsicle stick birdhouse makers and NOT artists who paint, sculpt, draw and make museum quality work.

  19. James
    October 10, 2017
    Reply

    Instructions too difficult, got dick caught in ceiling fan…

  20. dennis cotey
    October 15, 2017
    Reply

    LMFAO! $500 a day, $1000 a day! I have neen a cabinet maker/finisher for 34+ years and have never met another cabinet maker who was paid $50 an hour.
    So telling your customer that you charge $500 a day is easier for them to understand?
    YOU: Here you go Mrs. X. Here is your end table. I spent 8 hrs. on it on Monday and it took a total of 25 minutes in finishing time on Tuesday. That comes to $1000.
    Mrs. X: Ok but I have some questions first.
    You: Sure go ahead.
    Mrs. X: how much did the materials cost for my end table?
    You: Well lumber came to just under $70, I charged you $20 for glue, screws/nails and sandpaper because they are concidered supplies and not necessarily "materials" and sanding sealer and top coat (more supplies) I used less than a 1/2 quart each so I charged $30.
    Mrs. X: Ok so thats $120 in materials and $880 for less than 9 hrs of acutal work?
    You: Yup, thats right.
    Mrs. X…….get the fuck outta my house.

  21. Chris Byers
    October 16, 2017
    Reply

    Very good advice, too bad most that comment on it do not understand how true what you are saying is! Especially those that complain about the use of hourly rate to figure day rate! When you only work at it for 4-6 hours per day, as we do, it makes a change in one's day rate, but it all works out, as we take a few more days to get some projects done, so the price is still around the same as what you are stating for a starting price! 🙂
    Am certain many will not understand what I just said. 🙁 Don't really care though, as it is not my problem. 🙂

  22. Belinda Manning
    October 16, 2017
    Reply

    Glad you made this video. I have been struggling with how much to charge. ROCK ON!

  23. kthcsh
    October 23, 2017
    Reply

    $500 a day?!? What's a day? 8 hours? That's $62.50 per hour! Then he suggests to include material cost on top of that. That sounds ridiculous.
    I wish this guy and anyone else success with that but that sounds a bit much. if you can actually sell to earn what you're suggesting good for you.

  24. Jeffrey Lonigro
    October 27, 2017
    Reply

    Doesn’t add up because you have to sell what you build. That takes time. He doesn’t account for days spent selling at shows, marketing, etc.

  25. jzz
    October 29, 2017
    Reply

    Thank you Iam Starting my own business.
    Contemporary wood and steel furniture.
    Great advice

  26. John R
    November 1, 2017
    Reply

    $500 a day might be good for a master craftsman, but what about someone like me who's an amateur? If I make a cherry keepsake box, say materials cost about $70, no one is going to buy it for $570+

  27. matt schoon
    November 5, 2017
    Reply

    Excellent advice, excellent video… pay attention everybody! Thanks

  28. Marc M
    November 5, 2017
    Reply

    You said not to price yourself hourly, but your day rate is derived from an hourly rate???

  29. John Dwyer
    November 6, 2017
    Reply

    He is right. I worked for myself for years and NEVER charged by the hour, always piece work. I had a few days where I didn't make so much but most days I got done early and was able to start the next project or go looking for new business. Most times business came looking for me. My prices were reasonable but I still made good money. Hourly rates for a craftsman is just another way of saying I want you to look over my shoulder and critique my work habits. Now, that sucks! Good video.

  30. Joe Cool
    November 9, 2017
    Reply

    If you break you day down into hours essentially you are charging per hour.

  31. MrMellamogerman
    November 9, 2017
    Reply

    I'm Mexican $200 my day. is OK, will you hire me.?

  32. ed 1 iron
    November 9, 2017
    Reply

    Wow you are the man

  33. J Anderson
    November 10, 2017
    Reply

    Boy that was really simple and makes so much sense. Thanks!

  34. AngelousSpike
    November 11, 2017
    Reply

    no one, and i mean no one is worth $500 a day. that's just stupid.

  35. Bonsai Zen
    November 11, 2017
    Reply

    500$ a day? Where in the universe you live?

  36. Daniel RH
    November 13, 2017
    Reply

    Wow you know how to cut a piece of lumber. This is not worth 1000 usd a day. If you were a doctor then yes but if you craft something then no.

  37. bdiamond leather
    November 13, 2017
    Reply

    That’s a great video but how should I charge for custom pieces ?

  38. J da high roller
    November 18, 2017
    Reply

    Look, I pay carpenters, im in Louisiana bottom of the barrel pricing. If you have some one with skill, $10 minimum then up from there an hour. But yall should never do hourly, there's too much potential for feeling screwed basically. Go by the job, small or big. Sometimes its even a $5 job ie putting in a lockset on a door without over complications. Going by the job including materials is the best way to get business because it shows the Boss (i.e. ME) that you know what materials work best in any particular situation and you save the boss time which has a lot of value so if you want to charge a little more for that its fair but expect some push back because we may consider that already in the pricing.

  39. Notgiven Notgiven
    November 18, 2017
    Reply

    Make something! ! I like it

  40. nytom4info
    November 18, 2017
    Reply

    Time and material plus profit… simple! 😉

  41. oldtimer4567
    November 20, 2017
    Reply

    Regardless of what dollar value any craftsman places on their time & products, in reality, they're time and products are only worth what someone is willing to pay for them.

  42. Slappy McSlapnuts
    November 24, 2017
    Reply

    I have skill, but I'm a lazy dog f*cker, how should a lazy dog f*cker like myself determine what to charge the customer?

  43. ItsLaneNBama
    November 25, 2017
    Reply

    Grain of Salt People, Grain of Salt

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