I think I may have bitten off more than I’m prepared to chew. I was asked to make some small wooden barrels. I did a couple of prototypes just as proof of concept, and I’m quite happy with the result. The problem is, that taking into account buying the dried oak, and a marginal amount for abrasives/finish etc. they are costing around £8 to make before I factor in my time. Doing a production run, I reckon I could knock each one out in just over an hour.
My question is, can I charge a realistic price for these without them becoming ridiculously expensive? I see similar on the likes of etsy for a few quid.
I think it depends on what you time is worth to you.
£20 an hour seems a reasonable starting point. Adjust it depending on how many you have to make, who you are making them for ( are they for friends or a purely business contact?). Will you enjoy it, will it be a slog.
You are using your tools, your electricity.
Its always difficult to know what to charge people for items or services as you don’t want to come across as greedy or a rip off but at the same time you don’t want to undersell yourself.
Maybe start high and see if they negotiate the price down a little?
The girl has a fledgeling small business, and is looking for about 30 of these. I did consider asking her to purchase the timber, allowing for errors & breakages, then charging an hourly rate after that. I can buy well seasoned oak locally for much less than from on-line sellers, but going to select a board with enough good quality stock in it would also eat into what little time I actually get to myself.
I normally turn purely for pleasure, and even though I do sometimes sell the odd piece, if this became a regular gig I wonder whether it would spoil the hobby for me.
Well as Dunc as said your hourly rate is your hourly rate, pro turners would be looking to get at least 20.00 per hour.
i can see no point in doing the job just to get your costs back if it were me I’d be charging 20.00 per hour because if I wasn’t doing these then I would be turning something that I enjoyed and could possible sell at what ever money I wanted to charge