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Re: [MedievalSawdust] Pricing your work.

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  • David Stous
    I joined this group to get ideas on how to make furniture and stuff for SCA events (for my own encampment). I am maille smith by trade. a good article on
    Message 1 of 6 , Mar 27, 2006
      I joined this group to get ideas on how to make furniture and stuff for SCA events (for my own encampment).  I am  maille smith by trade.
      a good article on pricing work can be found at http://www.mailleartisans.org/articles/articledisplay.cgi?key=6838
      hope this helps,
      David Stous
      Chief Maille Smith
      Wolf's Den Armoury
      ----- Original Message -----
      Sent: Sunday, March 26, 2006 7:12 PM
      Subject: RE: [MedievalSawdust] Pricing your work.

      Colin’s right:  there’s no way you can beat the Malaysians or the Chinese for labor costs.  My approach is that I won’t work for less than $25.00/hr (gross).  That means I do almost no commercial work.  And I’m okay with that.  This is my hobby. 



      -----Original Message-----
      From: medievalsawdust@yahoogroups.com [mailto:medievalsawdust@yahoogroups.com] On Behalf Of AlbionWood
      Sent: Sunday, March 26, 2006 12:24 PM
      To: medievalsawdust@yahoogroups.com
      Subject: Re: [MedievalSawdust] Pricing your work.


      The simple answer on pricing:  Figure out what it's worth, and charge that.

      You'll encounter a lot of advice to calculate price from materials cost
      and labor, but I think that's the wrong approach, unless you are making
      custom pieces one at a time and can simply charge by the hour.  If you
      are making things on spec, try to guess what the finished object will be
      worth, by comparing it to objects of similar construction, materials,
      and quality.

      If you find yourself comparing to mass-market furniture, quite before
      you start, because you're competing with Eastern European and Asian labor.

      Don't use my website for comparison, because all my prices are way too
      low.  I need to take all the price information off, because I no longer
      make anything on spec - everything is custom - and I was losing my shirt
      at those prices.

      If you only want to have the bobby pay for itself, then you can use the
      4X formula: Take the total cost of all materials and multiply by four. 
      Once for the material, once to buy more material, once for tools, and
      once for beer & pizza.
        (Notice the absence of any profit factor.)

      Good Luck!  Everybody struggles with pricing.


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