Members Locknut Posted November 2, 2008 Members Report Posted November 2, 2008 Here's another. Its not as rustic as I would like. But I've had a couple offers on it. Of course they want to steal it instead of buy it. I really dont know how to price my stuff. Is there a "Rule of Thumb" for pricing? Any help would be great! This is Buffalo. Thanks for looking! Quote
Contributing Member TwinOaks Posted November 2, 2008 Contributing Member Report Posted November 2, 2008 Actual 'cost of material' plus reasonable mark up, plus the labor rate you expect to get. Check your invoice for the price of the leather (e.g. 3.99/ft) and calculate how much you used. If you used 3.5 sq. ft. then your price is $3.99 x 3.5 for the LEATHER. Now add hardware (cost plus markup) and sewing materials. Take how long you worked on it (t) x (l) expected labor rate. Now you have all the info you need. Labor/time and Materials. --as you said, Rule of Thumb-- The reality check comes when you can't get what you expect for it- and since time and material are documentable costs, the only other variable is labor rate. Sometimes the customers are telling you " Your work isn't worth $25/hr". Other times, the speed at which they produce the funds tells you "Charge more." Quote Mike DeLoach Esse Quam Videri (Be rather than Seem) "Don't learn the tricks of the trade.....Learn the trade." "Teach what you know......Learn what you don't." LEATHER ARTISAN'S DIGITAL GUILD on Facebook.
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