How to price your work. A Simple Technique.

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Make Something

Make Something

Күн бұрын

Пікірлер: 756
@sethanewsome
@sethanewsome 6 жыл бұрын
A lot of people here are getting caught up on the high hourly assumption (cost of living varies a lot by region) and the fact that your "day rate" includes an "hourly rate" in the calculation, but this perspective has really helped me out lately, thank you. It's helped me in particular respond faster to clients on larger jobs - before I would get too caught up estimating the exact hours I would spend on a multi-day job, but by adding my hourly rate to a daily estimate of my monthly fixed workshop expenses I was able to come up with a quick spreadsheet to estimate jobs. Now I just add day rate + materials and respond quickly - my faster response time has already helped me get more jobs.
@MakeSomething
@MakeSomething 6 жыл бұрын
Right on, great to hear!!
@FranklinHarding
@FranklinHarding 8 жыл бұрын
My uncle's a woodworker (super successful) and his approach is "I'll charge them what the fuck I want and if they don't like it they can go find someone else who can make Windows as good as I can" :)
@MakeSomething
@MakeSomething 8 жыл бұрын
I love that attitude!
@FranklinHarding
@FranklinHarding 8 жыл бұрын
Make Something Yeah he's a really cool guy, GIGANTIC two warehouses full of civil war era to WWII era machines...
@good_guys_gaming
@good_guys_gaming 7 жыл бұрын
DirtyBanditable that is a brilliant reply.
@evancosman5039
@evancosman5039 7 жыл бұрын
i like your uncle
@Felipera_
@Felipera_ 7 жыл бұрын
I was about to get my first job as a woodworker, and I did just that. If they don't want to pay me my begginers price, I wonder where they are gonna find someone cheaper?
@thefrugalcrafter
@thefrugalcrafter 9 жыл бұрын
Great video, sometimes when jewelry doesn't sell raising the price helps, it is funny, people equate a higher price with something valuable. something to think about;)
@bd_mayhem
@bd_mayhem 9 жыл бұрын
+thefrugalcrafter Lindsay Weirich Yes! If you price too low, you're competing with cheap imports, big box stores, etc. A single craftsperson can't compete with their economies of scale. If you're making handmade items, you have to market to people willing to pay more for handmade items.
@KenBoldt
@KenBoldt 9 жыл бұрын
+thefrugalcrafter Lindsay Weirich This may or may not be a true story, but I was once told by a professor, that when the John Hancock building was completed construction in 1969, they had an issue in regards to selling the office space. If you don't know about it, the John Hancock building in Chicago, is the one with the big X structural braces on the outside of the building. It's a gorgeous building, and I think that at the time it was completed, it was the tallest in the world. But back to the point. So they had to sell the office spaces, but some had completely unblocked windows, with great views, and others had blocked, or partially blocked views, because of those distinctive X cross members on the outside of the building. Who wants a blocked view? Well, they priced the unblocked view at reasonable prices, consistent with other office buildings, and priced the blocked view spaces extremely high. It became a status symbol for a company to have office space with the blocked view, as they cost so much. I'll let you guess which sold out first. Needless to say, the perception of value, based solely on price, is a powerful thing.
@thoperSought
@thoperSought 9 жыл бұрын
Brian Diaz sometimes, the economy of scale can bite them: if they produce a million of something very cheaply, expecting to sell it, but then it doesn't sell, then they've paid to produce, ship, store, and probably market a flop.
@MaghoxFr
@MaghoxFr 9 жыл бұрын
+thefrugalcrafter Lindsay Weirich Yes, that's true. That's why brands many times inflate their prices, because it gives status to their products and people want that. Some people think that cheap things are not good, regardless of their quality/price ratio.
@thoperSought
@thoperSought 9 жыл бұрын
MaghoxFr _"... brands... inflate their prices..."_ I feel like, when they say things like this, a lot of people think that there's such a thing as an _'appropriate'_ price for things-that there's another option beyond people/companies setting the price arbitrarily. prices are arbitrary by nature, because they represent how much sellers _think_ that _people_ value the thing in question. costs enter into it, but for a lot of things these days not very much. both sides are playing an incomplete-information game to decide which choice is correct. therefore, I don't think we can say that some prices are _'inflated:'_ that's just how much the seller thinks their target market will value the thing they're trying to sell. sometimes they're right, and sometimes they're wrong. price *_gouging_* is different because it involves either a _lack of choice_ on the part of the buyer (e.g., $100 bags of ice in Fla. after a hurricane), or _coercion_ on the part of the seller (e.g., "your restaurant is gonna use our garbage service, or we break your legs.")
@geflin1972
@geflin1972 5 жыл бұрын
I cannot begin to tell you how helpful this technique has been for me. I am constantly sharing this video in crafting groups, so they can truly price their work as they should.
@tdxdave
@tdxdave 9 жыл бұрын
Great advice, day rate makes perfect sense for creative work.
@InAHollowTree
@InAHollowTree 9 жыл бұрын
I've always worked on an hour system, and have been trying to rethink a better way; this was fantastic! Also, I love that you went right into the info without a bunch of time consuming babbling at the beginning like a lot of KZbin videos have. Thanks for this video!
@DaveHarshberger
@DaveHarshberger 9 жыл бұрын
Thanks David. Well thought out and well presented. I don't remember where I read it, but it stuck with me. " If you don't value your own work, nobody will"
@martijnfransen9933
@martijnfransen9933 9 жыл бұрын
I'm a woodworker and a Cost Engineer in my day job... I fully agree with you and have something to add to this. Ofcourse the rate you charge can depent on what you want to earn a month, on the local competition, whether you need to fully make living out of your woodworking etc. I sometimes get inqueries of people trying to find out if I can make something that is a replica of something they think is to expensive somewere at a hardware store; I never start with that as I can not race against something like that, the pieces we make are almost always custom... so reproducing a standard product will make it custom and therefor more expensive... people soemtimes have a hard time to understand that and you should never aramot to match or lower the price of a standard product even if you don't get the job
@wmwalkerco
@wmwalkerco 9 жыл бұрын
Great video! In my photography career it took me a long time to actually charge what I was worth and once I started, it made all the difference. As soon as you start to see the value in your work and charging accordingly, others will too. I'm just starting to transition to that school of thought into my crafting business. Well said David!
@blackcompany2000
@blackcompany2000 9 жыл бұрын
I've watched and read lots of things about pricing one's work. This is the best I have seen.
@hoofrog
@hoofrog 9 жыл бұрын
OK... how did you read my mind? I was toiling over this entire concept yesterday as I was asked to price some items that I have made as gifts for family because there has been interest in more pieces. This was extremely valuable. Thanks for the great content as always.
@StoryPole
@StoryPole 9 жыл бұрын
Mr. Picciuto! thank you for this. a friend posted it on Facebook. it is right on time for me cause I always have a hard time with pricing my work. my value as an artist and a carpenter. Thank you so much!
@davidclark9086
@davidclark9086 9 жыл бұрын
Short, sweet and really good. Probably the best advice I have ever heard and I wish I had seen something like this in 1970. Thanks.
@802Leith
@802Leith 9 жыл бұрын
Thanks David I have been trying to impress this idea upon my Daughter who is at Art School. Her immediate response to price is I can make that, better and for a much lower price. Solid advice! Im sending her the link. Starving artist is not a noble goal
@nexgen91
@nexgen91 7 жыл бұрын
This was probably one of the most helpful videos I have seen on pricing. Thank you
@kimshirley7014
@kimshirley7014 9 жыл бұрын
Spot on David with this great advice. In my former life as a civil engineering tech I wrote and negotiated construction contracts for the government. You have to consider everything involved. As you said with fuel to pick up materials and supplies we added wear and tear on vehicles as a cost. Another was a factor for projects that a higher lever of difficulty to perform the job. Also there is the cost of your tools to produce the projects you make. We had programs to help us with our cost estimates that helped. I have had some people complain about my prices and usually and ended the conversation by asking them how much their time is worth by hour and asking them how many hours it would take them to make the project not taking in the account for cost and time picking up the materials. One husband saw a table top I built from pallets and said how easy it would be to make a tables like that cheap. His wife bought the table top and told the husband to get busy finishing the table for her. He apologized a few weeks later when he saw how much effort and time it took to demo a pallet to get started making the table. I have sold a several of your wine glass holders that I downloaded the plans from your sight. They made great gift ideas for the holidays.. I made a few changes with different routing on the edges and some people preferred one over the other. One a 1/8" round over and the other a bull nose. Just experimented to see what would happen. I found that when I added a couple of glasses to the package they sold better and I even raised the price by doubling the cost of the glasses. Locality also plays a part in costing. What I couldn't sell at my location I took to a friend in the Dallas TX area, raised the price even more and sold out listing them on fb "Buy Sell and Trade" site. Thanks again for the advice!
@Hick4Life
@Hick4Life 9 жыл бұрын
Thanks. Up till now I was doing hourly. I will definitely take this into consideration :)
@RichardMartin
@RichardMartin 9 жыл бұрын
Probably the most valuable video you've ever done. This has been a real eye-opener. Thanks very much for this David, in 2 minutes and 46 seconds you've changed my way of thinking about how I price my stuff. Brilliant!
@barrysterling9461
@barrysterling9461 7 жыл бұрын
Wow! Straight to the point! I truly appreciate the perspective. Made some benches last week. Sold at $35 because took about two hours from start to finish. By the end of the day I had a order for 10 and people asking me to build all types of stuff. Realistically though, I think if I go with a day rate model, I'll be operating with higher numbers. Thanks!
@blakeruiz8781
@blakeruiz8781 5 жыл бұрын
This right here should be a class I’m just starting to sell my furniture and I had no idea where to start and this video is awesome. I wish I could like it a thousand times!
@makedaharkins6816
@makedaharkins6816 8 жыл бұрын
I saw this right on time! I've devoted years to learning about and mastering jewelry making and finally decided to put myself and my work out there. I'm still ever expanding my skills in my craft, but I noticed I also need to know things like pricing, so I don't get shy and underprice myself. This video is perfect! Thanks for sharing!
@LivefreeanddiyTv
@LivefreeanddiyTv 9 жыл бұрын
YES! YES! YES! I'm a web developer by day and these same principles apply. In fact, every year you should reevaluate your worth and increase! I know some people who double their hourly rate every year! Good talk, man!
@gocowboysgo2838
@gocowboysgo2838 6 жыл бұрын
Thanks for putting out this video. I am new to woodworking and I had no idea how to put a price on my time and product. I plan on using this to do my pricing. I have been selling my self short. I believe my time is worth more now. I do good work and should be paid. Thanks again.
@caseygriswold8617
@caseygriswold8617 9 жыл бұрын
Good stuff and exactly something I needed to hear. Ironically I recently started a business and had a meeting with an advisor this morning. One of my biggest issues is determining how to price stuff. We didn't touch on daily amounts you have done here. This was good to digest. Thanks!
@babbolo71
@babbolo71 9 жыл бұрын
FINALLY! Someone finally gives actual numbers. Great video! This will definitely help a lot of people.
@qodesmith520
@qodesmith520 6 жыл бұрын
I agree that you shouldn't shy away from charging what you're worth. In my field (web development), a factor higher on the totem pole is "what the market will pay". So this means that sometimes starting with "charging what you're worth" will actually be lower that what you can get! In any case, your unapologetic attitude is refreshing. Love this video.
@bulkhead
@bulkhead 9 жыл бұрын
Serious pep talk, I needed this David. I think people devalue your work if they know you work from home as opposed to a commercial facility. I have a recording studio in my home and I think I have added value because it's relaxed and not in a commercial facility. Food for thought, and thanks for all you do. Such a mentor.
@superman64232
@superman64232 7 жыл бұрын
Jason Brundage all of this. Exactly everything you said.
@haydenprouty7555
@haydenprouty7555 9 жыл бұрын
Brilliant! I am having a lot of trouble with this exact thing and no one has put it so simply and concise before! Thank you!
@GeraldJensen
@GeraldJensen 9 жыл бұрын
Excellent advice! Charging by the hour is too much like having a job ... had a job once, didn't like it, and won't do it again.
@PIMPhardLIFESeasy
@PIMPhardLIFESeasy 9 жыл бұрын
You sir are my inspiration. Love that comment.
@Harrell423
@Harrell423 7 жыл бұрын
dam, wish I could say that
@ssgvern
@ssgvern 9 жыл бұрын
Thanks for this video, David. When I first started making wood crafts for people other than my wife, who I feel very cheated, but blessed by, she and I sat down to discuss how I should charge for my work. She came up with "charge three times the amount of what the cost of supplies was". For example, if my supplies cost me $50.00, I would charge $150, for the project. $50 for supplies, $50 for labor and $50 for profit. The $100 for labor and profit would go into my separate bank account and was used to help buy/replace tools and supplies. Not very lucrative, I know, but when you consider most of my projects were made from pallets or scrap lumber, it worked out. Plus, I am active duty military, so I make my income that way, and my hobby makes me a little extra on the side. I like your plan better. Especially as I am nearing retirement after 26 years in the Army.
@DanteYewToob
@DanteYewToob 9 жыл бұрын
Wow. Just... Wow. Thank you, I've been wrestling with this for a while. I've been dealing with cancer for what seems like forever. Being 22 and useless (17 at the time) I turned to my hobby to help with money. Crafting and building, leather, small wooden junk, paracord, but odd stuff no one else makes. Sounds great right? All my stuff is original, people love feeling special, no one else makes what I do.. But how do you price something not on ebay, etsy etc.. I couldn't, I'd find the closest thing like leather keychains or whatever and charge similarly. But it never felt right. I'm going to give this a try. Thank you so much for this, I've looked everywhere and no one explains it this well.
@MentoMoriMinis
@MentoMoriMinis 8 жыл бұрын
Great advice! I have just started woodworking and plan on selling some of my work at a local art fair. so seeing this i've swapped over all of my hourly prices to daily prices. You rock, man.
@TheCrossroadsWitch
@TheCrossroadsWitch 8 жыл бұрын
This is sound advice. It's nice to see someone who isn't promoting the idea of trebling material costs to reach a solid retail price. For everyone saying that $500 is too high, you need to bear in mind that this $500 should cover overheads, your own labour (direct & indirect), and some basic profit. Also, it needs to be divisible by 2, to allow for wholesaling (if you plan to wholesale). $500 is not a ridiculous amount for a day rate, bearing all of this in mind. :) Oh, and if you are wholesaling (while using a day rate), remember to double your material costs for retail, so you can divide the figure by two without losing money on your supplies.
@christopherberthelet3977
@christopherberthelet3977 9 жыл бұрын
Thanks that helps a great deal. I was always trying to keep hours and cost down. And trying to keep prices down for people who do not appreciate the complexities and difficulty of the work. We each have different combinations of skill sets and have taken years to hone and develop them. People who know what that takes appreciate it and are willing to pay you what you are worth. I suggest any one making a product market it to the right customers. Don't low ball your self, and continue to improve your skills.
@triplesevensix291
@triplesevensix291 7 жыл бұрын
Wise words.I'm new to your channel but your stuff is boss & worth every red cent or penny. You are an inspiration so thank you. I always feel the need to make something watching these vids. I'm just a hobbyist but today bought some tungsten carbide bits to noodle away in my room on wood & tagua nuts etc. Love your shop & music room & your cute pooch. Cheers man from the UK. Stay safe & keep on a rocking! ;)
@Handleyman
@Handleyman 8 жыл бұрын
Best video I've seen in woodworking so far. I had no idea how to charge. Thank you so much!
@MakeSomething
@MakeSomething 8 жыл бұрын
+David Handley Thanks David!
@GibClark
@GibClark 9 жыл бұрын
Thanks Dave, good food for thought. Never made any money at it. Probably why I gave up making a living on it many years ago and went to making as a hobby and just giving away to friends and family. Thanks for making me rethink
@just_a_guy_doing
@just_a_guy_doing 9 жыл бұрын
love that thought process, as a guy who does home improvements on the side, I was taught by my friends dad about 20 years ago to take materials times 3 to get your bid, which worked great for large jobs, but other jobs that might take 4 hours and it's only used 10 dollars worth of material didn't pay out, so I would always take a random number and throw it out to see if it sticks. from now on day rate + materials is so much simpler and that's the way I'm doing it now
@JackbenchWoodworking
@JackbenchWoodworking 9 жыл бұрын
Great message! Not only are you then getting what you are worth, but you are not undercutting the market.
@Snail_Nailz
@Snail_Nailz 9 жыл бұрын
Ahhh I can't thank you enough for this no nonsense guide to pricing your work. One of the best ones I've seen yet!!!
@GregsGarage
@GregsGarage 9 жыл бұрын
Hell yes!!! If you don't value yourself and your time, no one else will!!!
@1pcfred
@1pcfred 9 жыл бұрын
+Greg's Garage You, and your time is worthless as far as others are concerned. But what you might make yourself with your time may have some intrinsic value. Ultimately the market is the final arbiter there.
@robertguinn8590
@robertguinn8590 6 жыл бұрын
Thanks a ton for the help. " Stop screwing yourself over," hit me pretty hard. My father was cabinet maker, I worked with him for years. I've been in the Army for almost 12 years now. I've been planning to go back into the industry, but I've been too scared. I guess I'm institutionalized. Kind of like the old man from the Shawshank Redemption. He didn't know how to cope on outside. Woodworking has been like therapy for me. My dad passed away two years ago. He was always supportive of any decisions I made. He used to tell me, "underestimating yourself will only lead to you getting screwed in the end." I think I'm a little more comfortable now going into bussiness. I know that wasn't the point of your video, buts great knowing that advise is out there, and that people care enough about each other to spread it.
@alamodesignco.3259
@alamodesignco.3259 9 жыл бұрын
Solid advice. I used to charge by cost of material times three, add 25% for glue screws and wear and tear on my machinery. When you're going back and forth with the client and the design is constantly changing it can be a real pain adjusting the cost for ever adjustment. The daily rate has saved me many headaches.
@MagicofKeelanWendorf
@MagicofKeelanWendorf 5 жыл бұрын
My friend and I were talking about this about booking shows on Facebook how people are always trying to hire performers for a low price. I have still stuck by my prices for 7 years and after watching this I might rethink it to better my payday. Very great video! Thank you!
@acerjuglans383
@acerjuglans383 3 жыл бұрын
I'm a 52 year old journeyman cabinetmaker, and you have no idea how timely this video just came up. I just completed a 46 hour, 4 day kitchen and bathrooms install job. I've done these dozens of times over the years. But this one has made me want to give up on my trade. It was offered to me as a $1400 job, which I knew was too low to begin with, but I stupidly accepted it before work started. I made $30/hour for my time. Which is RIDICULOUS considering I have to pay for my gas to and from the jobsite, the materials I need to supply, the cost of maintenance on approximately $5000 worth of tools I bring with me, the insurance I have to carry, the cost of the toll it takes on my body to lift heavy cabinets, to contort myself into small areas, the headaches of setting up tools in a tiny second floor apartment, working with table saw and miter saw on a tiny balcony, the headache of dealing with a project manager who doesnt believe that a door doesnt fit a cabinet or that shelf support pins are missing from the hardware box......I'm 52. I have skills and experiences that I've spent considerable time, energy and money on to refine. Not only am I worth at least $50/hour with my tools, but I'm worth that for my problem solving on a jobsite, and dealing with clients and customers who don't understand the process of any part of construction. Thank you for this video. You've given me a new way to look at things, and hopefully finally be able to make money at this late stage of my career.
@jwolfe122
@jwolfe122 9 жыл бұрын
Thank you for this video. I always struggle with this and pricing my furniture and I feel like my world just changed. Your awesome.
@theploeg
@theploeg 5 жыл бұрын
I must share this vid several times a year to other places, such a good quick overview to set mindset on how to price things. So many good vids from you, this one is timeless. thanks.
@ZacHiggins
@ZacHiggins 9 жыл бұрын
Yes!! Preach on brother!! That was by far the simplest, quickest, and most straight forward formula I've ever heard.
@noahfrazier373
@noahfrazier373 9 жыл бұрын
This video is super, super helpful. I was actually wondering about this earlier today, and then found this video on facebook just a little later. Thanks for taking the time to make this.
@strikingtwice
@strikingtwice 8 жыл бұрын
It's funny, I work in a completely different field, doing video editing/animation style work, yet the breakdown is almost identical. I actually show this video to my college students in film sound while I explain the structure of a day. Great concise video, thank you.
@MakeSomething
@MakeSomething 8 жыл бұрын
Oh wow! Thanks Dave!
@SavvasPapasavva
@SavvasPapasavva 9 жыл бұрын
Good to see someone talking about this.
@johnnybear9400
@johnnybear9400 9 жыл бұрын
This is awesome dude. I've been majorly screwing myself. I've never had a method to work with in terms of charging for my craft work. This video is GOLD, thank you so much ;) Johnny (Scotland)
@soulplate7939
@soulplate7939 7 жыл бұрын
Wow, Dave, this really is priceless information. The likes of you and Jimmy D have inspired me to do a Carpentry/Joinery Apprenticeship., which i'm half way through and absolutely loving.
@milkhousecustomwoodworks4368
@milkhousecustomwoodworks4368 9 жыл бұрын
I really like the look and feel you went with on this video. Not to mention a great take on what our time and skills are truly worth.
@seanbrotherton542
@seanbrotherton542 7 жыл бұрын
that is a brilliant idea! I never get a clear answer on what to charge and being brand new to this helps me immensely. I'm still building skills but now I know clearly where to start. and even better...it's simple!! thank you so much for sharing.
@chaplainand1
@chaplainand1 7 жыл бұрын
Hi David I appreciate your output. As a trained personal coach, I was encouraged to charge $600 a day for basic six hour day. Some of the folks, who were much better than I at it, were charging $5-7K per day plus travel etc. As a handyman, my rate went from $12/hr to $35 over a period of 8 years. I was still under at that time. $65/hr is a pretty good rate for today. Having a daily rate takes the heat off for me. My day might be 6 hours - might be 12, depending on how things are for me in a given day. I like it, especially for doing multiple replicates of a given project. Thanks. I'm looking forward to my first season of craft building. I liked the pencil racks - do sell a sanding pad with it for sharpening/shaping the points? I remember them from drafting class in 1965. Blessings - Handy Andy
@brandonsturms4165
@brandonsturms4165 9 жыл бұрын
I work as a handyman and carpenter for a living, in which I charge by the hour. I have tried to use the same formula to the projects I creat, which has not worked out. I really like your concept by charging by the day.... Thanks man this might have changed my whole world!
@1pcfred
@1pcfred 9 жыл бұрын
+Brandon Sturms We all have some idea how much some hypothetical item might sell for. You need to work backwards from that to the rate you'd like to make. Then calculate how many items you need to make to hit your goal. Talent lies in making all of this work out.
@icebergmike27
@icebergmike27 9 жыл бұрын
Just want to thank you for making this video. Realizing how ignorant I've been even with decent skills has left me somewhat jaded, or rather, defeated. Ignorance isn't always bliss I guess. Thanks again.
@Kenny-Ross
@Kenny-Ross 7 жыл бұрын
LOVE IT!! Straight to the point and on point. I totally agree with $50/hr as the minimum you should charge per hour.
@sanjayahlawat2826
@sanjayahlawat2826 7 жыл бұрын
Thank you for this really amazing video. This is one aspect that most people are ignorant about.
@StefanoilFalegname
@StefanoilFalegname 9 жыл бұрын
best advice I ever heard by a youtuber. Thank you David
@RichardMacLean
@RichardMacLean 9 жыл бұрын
One thing I'd add to this is to price commission pieces higher (in some cases MUCH higher) than non-commission pieces. When someone commissions a piece they have a larger impact on your schedule and the other things you're working on. That should also factor in to the price. Personally, I hate commissions. I like to work at my own pace and when I feel like it. So, I charge a lot for locking up my time. Otherwise it's too much like being an employee - no fun.
@tobermorywomble23
@tobermorywomble23 9 жыл бұрын
Awesome - I got asked to price my first commission tonight, and came home and saw this. Brilliant.
@jonnpele
@jonnpele 8 жыл бұрын
this might be the best advice anyone has ever given me....ever!
@JonBergART
@JonBergART 8 жыл бұрын
Thanks for your advice brother!! We've been watching your videos from the early days and we really appreciate the content you consistently deliver!
@crazethedave
@crazethedave 9 жыл бұрын
I've had this problem,I sell out of projects and have been told time after time I don't charge enough,thanks for the extra knowledge
@numismaticokie9243
@numismaticokie9243 7 жыл бұрын
Extremely well put! I'm a Network Engineer by trade, Wood Worker by hobby. My going rate in my profession is $200/hr with a 4hr min. Meaning it's $800 just for me to show up. I work exclusively with Cisco equipment for large Enterprises, so $800 min ($1,600 for a full day) for me to come consult is nothing to them, and I'm well worth every penny. I'm fairly new to work working, so I'm going to start at $500/day and work my way up, just as you suggest! Thank you for an up front, honest video about how to get paid for your hobby!
@ChrisGlitzosWoodTinkerer
@ChrisGlitzosWoodTinkerer 9 жыл бұрын
The advice is good. When i had my business at one time i charged a minimum $500.00 over overhead regardless if it took a half a day or a full day. Sometimes it doesn't pay to be cheap. Cheap is not good and good is not cheap if you know what i mean, you have to place a value of worth on you and your product.
@MakeSomething
@MakeSomething 9 жыл бұрын
+Chris Glitzos (Wood Tinkerer) well said!
@ChrisGlitzosWoodTinkerer
@ChrisGlitzosWoodTinkerer 9 жыл бұрын
Thanks
@yolo8285
@yolo8285 7 жыл бұрын
I'm so happy I saw your video. Working up another formula I saw on a previous video I would have sold myself SHORT. Thanks for sharing.
@MakeSomething
@MakeSomething 7 жыл бұрын
+Yolanda Booker thank you!
@AndrewKleinWW
@AndrewKleinWW 9 жыл бұрын
A great message to get out to makers, as price discipline is both an individual and community effort.
@thedrubaru
@thedrubaru 9 жыл бұрын
Thank you for this! I've been battling with this concept. Just came back to watch this a second time so I could take better notes and put this into practice as I start to take on more and more projects.
@belindamanning9851
@belindamanning9851 7 жыл бұрын
Glad you made this video. I have been struggling with how much to charge. ROCK ON!
@mmcfreds
@mmcfreds 6 жыл бұрын
I got asked to duplicate a sign I made for my BJJ dojo. I was going to quote an hourly rate (guessing at the number of hours) until I watched this video. Granted I'm not nearly as skilled as David but this video made me seriously rethink what I'm going to tell the client. Thanks a lot David!
@michael-om7bp
@michael-om7bp 8 жыл бұрын
Bro this goes far beyond material items. I use the same concepts in thought work and photography. Well done. -M
@stephenferrante9068
@stephenferrante9068 9 жыл бұрын
Excellent advice. I market my woodworking through galleries that charge their clientele a lot of money, and I, in turn, charge a pretty penny for the items I craft. If I'm making a custom piece, all the design time is figured in. Too many people I encounter at juried craft fairs sell their stuff way too cheaply. A truth I learned a long time ago is that there are more than enough people willing to pay your price if you deserve it.
@1pcfred
@1pcfred 9 жыл бұрын
+stephen ferrante what you can charge is based on whatever the market will bear. Deserve's got nothing to do with it really.
@254BBQKITCHEN
@254BBQKITCHEN 8 жыл бұрын
Can't tell you how many wood working projects I have done for free or almost free. That stops NOW! Best thing that happened to me so far in 2017 is watching this video.
@Spartakips
@Spartakips 9 жыл бұрын
Awesome advice, and good stuff to think about. I see lots of items on Etsy or at shows that are priced so low that I don't think I could even afford to buy the raw materials at their price. I think many people are quick to dismiss their own value and talents .
@1pcfred
@1pcfred 9 жыл бұрын
+Max Makes If what you make cannot make the so cheap you can't do it for less yourself statement, then you're fighting an uphill battle with most folks. Talent should lie in making the seemingly impossible possible.
@Mongos_Garage
@Mongos_Garage 9 жыл бұрын
I love the video format! You keep reinventing yourself, I wasn't a big fan at first, but recent changes are bringing me in! Keep it up! Your getting more comfortable behind the camera. Hopefully this will start to show those people that are undercutting everyone that they too are worth more!
@lyrebirdfurniture522
@lyrebirdfurniture522 9 жыл бұрын
Totally taking credit for this one, good job man, this is one of those videos that everyone gets asked about but no one does.
@JoshMakesStuff
@JoshMakesStuff 9 жыл бұрын
Thank you for real practical advise. This will really benefit a lot of makers and thereby the community as a whole.
@TheMarcball
@TheMarcball 9 жыл бұрын
good advice indeed, thanks. Quick and straigtforward, should be helpful to many people. Keep on trucking !
@elessary2k1
@elessary2k1 8 жыл бұрын
This has to be the most helpful video on the subject I've seen to date. Thank you!
@MakeSomething
@MakeSomething 8 жыл бұрын
+elessary2k1 thank you!
@jamesopell
@jamesopell 9 жыл бұрын
Excellent advise David. Most of us (as you say, Screw Ourselves), when it comes to pricing. I have always found pricing to be the most difficult part of my activities. Also, taking on jobs for friends has been a real nuisance as well. They tend to make you work on things you either don't like working on and the things are total crap and you don't want to be associated.
@1pcfred
@1pcfred 9 жыл бұрын
+Jim Pell learn how to say no. I'd love to, but I'm awfully busy right now is an easy let down. Acting busy all of the time, even if you aren't is an art form too.
@LoveZick
@LoveZick 7 жыл бұрын
Good advice, thank you! Btw, I just charged the amount of 15 days of salary for a roofing change which took me 3 days to complete. This pricing is not based on a day rate, it's based on square meters of the area of the roofing. I know it's a different way to charge, but this is how contractors charge. Isn't it? Contractors then pay a daily salary to his workers.
@ludwigbarnes3058
@ludwigbarnes3058 9 жыл бұрын
Clear and concise. Perfect. Nuff said!
@imortaldeadead
@imortaldeadead 7 жыл бұрын
I do believe that is the explanation I’ve ever heard about how to price out your work 👍🏻👍🏻👍🏻 Thank vary much for this
@ianelley
@ianelley 9 жыл бұрын
Great advice, I wish I had thought of this years ago, it's the main reason I have never had the confidence to become self employed as I have always been scared of under or over pricing. Thanks again .
@uba754
@uba754 9 жыл бұрын
This is good information for any creative industry. I am a 3d environment artist and I have seen this video shared quite a few times among that community.
@andreww6738
@andreww6738 7 жыл бұрын
You don't even know me, yet You encouraged me to think more of myself, Thank you. Awesome video!
@SteveFrenchWoodNStuff
@SteveFrenchWoodNStuff 9 жыл бұрын
Food for thought and a great guideline. I can see holes in it so it's obviously a guideline. But definitely a great place to start.
@fuzzylosophy
@fuzzylosophy 7 жыл бұрын
Smart and simple, Cant wait to see all your work!
@bbodwell9849
@bbodwell9849 9 жыл бұрын
Great advice. I have been struggling with this since I started making things. Now I have a better idea of where to start. Thanks
@RoboCNCnl
@RoboCNCnl 9 жыл бұрын
Great video... love when people share these kind of subjects instead of making secrets about it..
@jamesonelam
@jamesonelam 9 жыл бұрын
Caught this discussion on the making it podcast. Great job expanding on that convo David. Keep up the good work man. Love your style.
@yuliyabryant4052
@yuliyabryant4052 3 жыл бұрын
Thank you for your advice. It opened my eyes on how to price items. You made invaluable suggestion
@laurakampf
@laurakampf 9 жыл бұрын
David, I love you...i have been waiting for a video like that! i think everyone did :) i will share it everywhere and show it to everyone i know...especialy my clients! THANKS!!!
@panofish
@panofish 9 жыл бұрын
I like what you have to say on this subject, but actually, I am more excited and impressed with the video work. Interesting... multiple angles... some in b&w ... great use of supportive text overlay. I am also envious of your screen presence. Love the ipad teleprompter as well. GREAT JOB!
@81JohnEvans
@81JohnEvans 9 жыл бұрын
One of your best videos! Succinct, Assertive and Knowledgeable. I know many people in business and finance who couldn't explain that subject half as well as you did.
@MakeSomething
@MakeSomething 9 жыл бұрын
+John Evans Thanks John!
@JustMakeIt
@JustMakeIt 9 жыл бұрын
I never thought of it as a per day thing, but that makes perfect sense.
@pjp3158
@pjp3158 6 жыл бұрын
LOVE LOVE LOVE LOVE ... this video! Awesome information and philosophy! This IS the way to do it!
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