Gut aufgelegt: 8 wundervolle DIY-Dekoideen für eure Grillparty!
Dir fehlt noch die passende Deko für die nächste Grillparty? Wie wärs denn mit diesen coolen Vasen am Stock? Ein super einfaches DIY-Prohekt, was aber ein absoluter Hingucker ist!
The topic of how to price your work comes across woodworking forums. Everyone has a different opinion on how to go and it is seldom enough.
When I first started to build furniture, I was happy to only get a few dollars to cover the cost of the material and have a little left to buy a new tool. After all, woodworking was more of a hobby than a way to support my family. Pricing my work in this way was a good way to build my experience and to increase my tool collection. It had a downside, I never really did what I would call "good money" at least not enough to compensate for the time I had invested in each project. I motivated this by telling myself: "It's just a hobby, I still learn the ship, and I'm not professional so why should anyone pay full price for my pieces."
But it made me think, what was "full price" and how do you decide what full price is for a custom-made furniture? When I decided to be more serious about selling my work, I had to answer that question and find a better way to price my work.
At that time, I was still working for another company as a seller, who sells flooring products. In my sales position I was paid by the Commission. The commission was determined by what the profit margin was for each sale. Of course, I started using a percentage markup, as a way to find my pricing for mine. Most of the products I sold at work had a 50% markup on them, so I used it as my benchmark for my pricing.
It worked well when I built furniture from a moderately priced wood, such as walnut or maple. But when I built something of a cheaper wood as a pine, I did very little for the time invested. On the other side of the spectrum, when I built projects with more expensive exotics, the final price was so expensive that it was difficult to justify the price to my customer.
To solve this, I decided to find my materials and labor separately, and load off the hour for my workforce. The challenge I had was to decide how long it would take me to build each piece. As a custom furniture maker, I rarely made the same piece twice, and each piece had varying degrees of difficulty. One bed could take 30 hours to do, the next bed could have lots of spiders to cut and take 50 hours.
It became obvious; I needed a better benchmark to measure how long the different woodworking process that I used to build the furniture would take.
To create this benchmark, I kept track of how long it took me to complete each task when I built the project. For example, I took time on how long it took to cut the carpet and pins, grind and apply the finish. Now I know what you're thinking. A lock for a small spindle takes less time to cut out than a lock in a large bed frame. What I am after is average. For example, how long does it take for me to cut out a vintage and matching drop.
If I average the time for all the towers and drops that I cut in the past year, I think it would be safe to say that I could cut another one in about the same time. The key to having an exact means is to keep track of your time on as many projects as possible. The more you build, the greater the amount of data you will have, and the more accurate you can estimate your time needed to build the various projects.
Now my bids are much more accurate and fair for my customers and myself. When I complete my store drawings, I count all mortise and tenons, multiply it by my average time and hourly store speed to determine the fee for that part of the project. I do this for all the information needed to complete the project, add them all along with the material cost. I have then come up with an exact bid.
Now, my only remaining problem with developing this pricing structure was what should be charged as an hourly rate. I'm sure everyone would love to make over $ 100 an hour, but if you're not well-known woodworkers, like Sam Maloof who can sell a single chair for $ 10,000. You may have to pay for a smaller hourly rate. Be honest with yourself and ask yourself what you would pay as an hourly rate for the kind of work you do. Connect that number to your formula and compare it. Look at which other furniture manufacturers in your area are charging for similar designs and quality. Ask yourself. Are you in the ballpark? Can you justify a higher price with better quality? Can your target market afford what you charge?
If your price is much lower, then it is good that you can afford to raise. On the other hand, if your price is higher than the market can take, then you have to decide why. Are your expectations of what you want to pay realistically? If so, you may need to calculate better processes to quickly build your creations. Perhaps you need a better set of eels that stay sharper longer, which saves time. Maybe you have to look at your work ethic. You get distracted with text messages and Facebook messages when you work. Work effectively will always maximize your profit and time.
Adam Savage from Mythbusters once said, "The only difference between science and screwing around is writing down data." So don't turn around, keep track of your time and materials, and organize your data to create a benchmark that you can use to accurately praise your work.