How to Price your Work -Starting a Business Woodworking - From Kitchen Cabinets to Tables
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- čas přidán 25. 07. 2024
- In this video i will show you how to price your woodworking projects, furniture and cabinets. Charging by the hour is the worst way to charge and something that i highly recommend that you hold back from if you want to be successful in your wood working business. There are many other methods such as value based pricing for you to explore. Thanks for watching!
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Great job explaining this. Only part I don't agree with is calling someone to come out for an estimate with no intention of using it at all. I know it happens all the time, but don't do it. LoL
Great info! thank you!
Great !! 👏🏻👏🏻👏🏻👏🏻👍🏻
Smart man…Smart businessman.
So I should charge by the hour?
Every time
1st things 1st..... I inspect the wood coming off the truck.....I do not accept garbage coming in. ALWAYS INSPECT!
Very true! Sometimes when there's a bad piece of plywood in the middle of 40 sheets it's kind of hard but I couldn't agree more
Where do you order wood by bulk from? Thanks
Great and simple advise for both beginners and pros alike. Nice job.
Thanks Monty!
Don't ask someone to come out to your house to work up an estimate on a job you know you have no intention of offering him. That's theft of his time.
You helped me on a job I'm worried about tomorrow. The bid is too high
"Be honest ... but target the other small cabinet makers in your community with fake leads that will waste hours of their time to produce useless estimates so you can undercut them".
“Stay Honest, be honest with your customer, be honest with yourself” Buuuut use other tradesmen as bid-mules, matter of fact have your friends call them and lie too! lol. Common man, don’t teach folks this..
hey i work for this company i install cabinets and i do designs estimates and i get 25$ per hour i feel like i need to get pay more what do you think ???
That’s when you get out the clear resin epoxy, throw some glow powder in it, and create a one of a kind piece that completely stokes them out. You are right on time, however, because if you charge by the hour for any service you provide you are out of your mind. I have been trying to tell guys just starting out that if they want to charge hourly, then they’re a wage slave. I’ve given numbers to spray out a new home, I show up at 11 am leave by 2 pm for three days and submit the invoice and the contractor says, “Well that was only 9 hours for the whole house! That’s a lot of money!” To which I say, “We didn’t agree on my time, we agreed on my estimate, find anything wrong and I’ll fix it right now, otherwise, write me a check and I’ll leave you touch up paint.”
I agree I never charge on hourly either. I don’t remember exactly what I said in the video but I was probably trying to be nice to the people that are determined to charge hourly lol
interesting concept. I think what you are saying is good for some people but you are not giving a very good explanation. basically from my understanding you are describing people who are very quick at there craft bc they have been doing it for years which is a value system and how someone values there work ( I know bc I am trying to get help with a price/value for, a countertop shop w/ 30yrs of experience) but what you neglect is the new person and/or the perfectionist who will spend a lot longer on a project to make it perfect, also a lot of people are new and wondering how to set fair prices to not undercut themselves and other companies in there areas but also not charge a price that people will not buy
Woodglut is full of amazing tips. It helped me a lot.
I made it with Woodglut plans!
What you charge better be close to your hourly rate at the end. I don't think it was explained well enough. If you build a table and takes 16 hours to build. And charge 500 bucks. 200 bucks for material . Your profit for the time you put in doesn't add up. 19$hr. You have to base your price for atleast the time u think it's gonna take you. . Maybe your way is better on the cabinet side of things
Yeah. The problem is that the variable is experience and how fast and well you can build something. It may take one person 16 hours and another person 10 hours. So hourly still doesn’t work out for everyone I would think.
@@DoingitWithjason i understand what your saying. I'm talking about someone that is average or above. If you plan on making a living off woodworking. You still need to shoot for an hourly rate. If your an experience old man but takes your time with old fashion tools... your not gonna make it nowadays. You need that decent profit for the time you put in to go on to the next job and do the same
@@jheiny1231 gotcha!
Woodprix has a lot of designs to choose from.
I'm pretty sure you can still buy plans with all the details you need on Woodprix.
I think you can learn more about this on Stodoys.