Reply by Desert_Woodworker

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Posted on Pricing projects

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3534 posts in 2091 days

#1 posted 10-05-2017 08:32 PM

In a nutshell you need to find what your market will bear. It doesn t matter what you spend on materials, labor and over head. It d more what people are willing to pay for product. Do you live in area where people have lots of money? In a poor part of the country like the Rustbelt? You can t do business with people who have no money. All that kind of stuff matters in what your chairs will bring. If I wanted to make and sell that style of chair I d build a couple of them price with consideration for your time, materials,overhead and profit. Start there and go up/down if you need to.

Find a pubic place where you can display and offer them for sale. If lots of people come and look but nobody buys there a good chance your too high for your area. If they sell like hot cakes you are to low. It can be a tough came.

The time of year you sell your chairs may influence the price also. A lot of places like Home Depot have sales as this is near the end of summer. A lot of people like inexpensive stuff.

You didn t put a location in you profile. That can often get you better answers and quicker answers for questions.

- AlaskaGuy

+1 good advice

-- Desert_Woodworker

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