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In this video I will tell you three ways you can price woodworking projects to sell. Two are other peoples way, and one is the 731 way. If you have trouble trying to decide what to charge for your woodworking projects, I hope this video helps you. Pricing woodworking projects is one of the hardest things to do as a beginner woodworker.
It is hard to know what to charge for your woodworking projects. There are several ways to price your work as a maker. I’ll go through two common methods for pricing your woodwork and then I will give you my method. Coming up with a price for a DIY furniture is difficult. I hope this video helps make pricing your woodworking easy.
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Starting a business? How to price for a profit | Maker’s Money
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This video is about our ultimate pricing formula. How to price your work, how we charge for labor and materials, and ensure we have markup, margin, and profit leftover. We hesitated when we first started selling our work and it really hurt us. You don’t need to know everything about price to make a profit! Spend your time selling, not doing accounting.
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When Setting Up Shop
A woodworking friend of mine shared this video by Ralph Chapman with me that helped him set up his workshop.
The video explains the benefits of Ralph Chapman’s guide about setting up an affordable workshop and avoiding the most common mistakes offers to anyone interested in woodworking.
How To Price Your Woodworking Projects
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How to price your work! P=((Mx1.5) + (TxD)) x 2
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Dont know how much to charge for your work? In this (Not So) “Quick Tip” I discuss how you can easily answer the age old question “How Do I Price My Work?!?!” With a little bit of math and some practice YOU can use this foolproof formula to EASILY and QUICKLY determine the price points for SELLING YOUR ITEMS!
FORMULA: P=((Mx1.5) + (TxD)) x 2
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