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Need some help with pricing

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Need some help with pricing

Old 10-06-09, 12:01 PM
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Need some help with pricing

I do a lot of woodworking. I made the entertainment center, DVD shelves and fireplace facade in the family room. I'm going to be doing my first craft show and need some help setting some prices. In addition to the cost of the wood I have my time, wear and tear on the tools plus any consumables like glue, sandpaper and finishes. Just wondering what you would expect to pay for handmade items like these?

This server is pretty simple, about $20+ of wood plus a few hours



This server is quite a bit more complicated. A lot more cutting and gluing with about $40 in wood



This set really isn't too bad, about $50 in wood for the set



This cutting board is a real bitch, tons of wood, at least $50 plus a ton of cutting and sanding.



Thanks for the help
Old 10-06-09, 12:14 PM
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Re: Need some help with pricing

Can't offer a price, but just wanted to say those look really good. Wish i had that talent.
Old 10-06-09, 12:29 PM
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Re: Need some help with pricing

i agree. pretty nifty items.

sorry, can't help on pricing though.
Old 10-06-09, 12:30 PM
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Re: Need some help with pricing

I hate to say it Jim, but you will never get the real value that these deserve. And that is a shame.
Old 10-06-09, 12:40 PM
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Re: Need some help with pricing

From prices I see at craft fairs 2X the cost would be about right.

Last edited by Talkin2Phil; 10-06-09 at 12:43 PM.
Old 10-06-09, 12:41 PM
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Re: Need some help with pricing

My father works with wood and sells at craft fairs. He typically charges 100% more than the cost of the wood on smaller items ($40 for a $20 item) and 50% for larger items ($150 for a $100 item). He doesn't factor in glue or the like, he considers them "business expenses." He mainly charges for the labor I guess.

He's tried to make more profit on larger items, but as a previous poster mentioned, it's hard to get the full value. So he cuts it in half. No one's going to pay $200 for a cutting board, you know?
Old 10-06-09, 02:00 PM
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Re: Need some help with pricing

Guess it depends how much data those servers can hold.

Best of luck with your show!
Old 10-06-09, 02:02 PM
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Re: Need some help with pricing

Those are gorgeous.

I've seen similar things at art fairs for about twice the cost of the wood as others have also noted.
Old 10-06-09, 03:29 PM
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Re: Need some help with pricing

Originally Posted by SoSpacey View Post
I hate to say it Jim, but you will never get the real value that these deserve. And that is a shame.
+1, these look very nice.

Do you have any snooty, high end stores downtown that sell $5k couches? It might be worth dropping by and finding out if they'd be interested in selling your stuff as "Hand made by local crafstman" in limited runs. IE, you make 10 (?) of each piece and that's all they sell. They might laugh in your face, but they might give you some good business.
Old 10-06-09, 03:39 PM
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Re: Need some help with pricing

I like'm a lot
Old 10-06-09, 04:48 PM
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Re: Need some help with pricing

Originally Posted by OscarBluth View Post
+1, these look very nice.

Do you have any snooty, high end stores downtown that sell $5k couches? It might be worth dropping by and finding out if they'd be interested in selling your stuff as "Hand made by local crafstman" in limited runs. IE, you make 10 (?) of each piece and that's all they sell. They might laugh in your face, but they might give you some good business.
That's an idea. I was also going to look around a the some of the boutique type craft shops and see if they sell anything on consignment.
Old 10-06-09, 09:37 PM
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Re: Need some help with pricing

They look nice, but basically what you paid for the wood is what I would consider paying if I was ever in the market for these things. I have 2 cherry ones that came with my furniture set and only figure they are worth about $15-20
Old 10-06-09, 09:55 PM
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Re: Need some help with pricing

Oscar has a great idea....target the Yuppies!!
Old 10-07-09, 07:11 AM
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Re: Need some help with pricing

Those are great but I've got to say I probably wouldn't pay as much for them as it cost you to build them.

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