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Reply by MSGhandmade

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Posted on Spoon Pricing

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MSGhandmade

19 posts in 1646 days


#1 posted 11-19-2016 07:39 PM



Just work backwards from what you want out of this. If this is supposed to be for actual income, even if supplemental, how much an hour do you want to make, how many hours does it take to make them, add on expenses like materials and wear and tear on your machines. Then add on some actual profit beyond just making an hourly wage.

If that works out to $500 a spoon, you probably should just give up on the idea of making money.

On the other hand, if this is just an enjoyable hobby, and you d practically give the spoons away anyway, then perhaps just pick some value that will help pay for the hobby.

If demand is higher than you can keep up with, just raise your price until demand drops to meet your production.

As they say. “If you don t lose some sales because your price is too high, then your price is too low.”

- clin

It definitely isn’t to supplement my income, if I were to make money from making spoons it would go back into my shop and tools. The only tools I use are a couple gouges, a knife, a card scraper and sandpaper. No machines in this process. I think I might just give them to friends and family, and see what this boutique thinks they would sell them for, I think the owner has seen spoons at other shops and that’s why she was excited to bring mine in. I appreciate your reply though it is very helpful for other aspects of woodworking


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