How to Price Woodworking Projects
How to Price Woodworking Projects
In this video I will tell you three ways you can price woodworking projects to sell. Two are other peoples way, and one is the 731 way. If you have trouble trying to decide what to charge for your woodworking projects, I hope this video helps you. Pricing woodworking projects is one of the hardest things to do as a beginner woodworker. It is hard to know what to charge for your woodworking projects. There are several ways to price your work as a maker. I’ll go through two common methods for pricing your woodwork and then I will give you my method. Coming up with a price for a DIY furniture is difficult. I hope this video helps make pricing your woodworking easy.
Woodworking Tools and Supplies I Recommend: https://www.amazon.com/shop/influencer-4e5e1fdd?listId=2JOAOU8LPL49B&tag=aiponsite-20&linkCode=ic5
Watch These Videos Next:
How To Sell Woodworking On Etsy: https://youtu.be/LxoOD8s9e6s
How To Sell Woodworking Locally and Online: https://youtu.be/DCyBplfL2dU
Top 5 Woodworking Projects That Sell: https://youtu.be/7pIKH-BCLoA
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0:00 Intro
0:58 How To Price Woodworking Projects Method 1
5:19 How To Price Woodworking Projects Method 2
6:01 How I Price My Woodworking Projects
6:57 Mrs. 731 Woodworks Cameo Appearance
8:09 Power Tip Pricing Woodwork
10:29 How to Support 731 Woodworks
Disclaimer: Affiliate links are used in this description and they help support this channel. By clicking on the links and purchasing items it provides me a very small commission but cost you nothing extra. It is a great way to support small creators like me. I appreciate the support more than you know!
731 Woodworks is intended for entertainment purposes only. There are no warranties implied and your results may differ from ours. You should NOT rely solely upon the information and techniques discussed and displayed in these videos. Rather, you should fully research each technique and decide for yourself what is the safest possible work method for you.
Great video! I’m struggling with the price concept, currently… but I was already along the lines of "I’m learning, and will eventually be more efficient and confident in the wood-shop." Just spent 32 hours on a small wine-rack cabinet extension… between measuring, discussing, designing the concept, building and installing. My desired per-hour would be a brutal blow, to them… so I’m basically reducing my rate to about $12.50/hr. Sucks, but great experience and let’s face it, I love woodworking.
You and your wife sound like the same discussions we have. When I am unsure about something, I always go to her, she always has another perspective that helps me make sense of a situation. I just sold a cabinet that I made the first time, and priced it according to what her input was. And the best part she was right- I was underselling myself and my skills.
Check out my other woodworking business videos here: https://www.youtube.com/watch?v=7pIKH-BCLoA&list=PLWVlC66wUw8bSPMGr0N2QZlMPvslZyIet
Appreciate your channel Brother!
I love that shirt!! Oh, and the content is great as well, lol!!
I feel so much better now. I want to be fair but I add something else, I like to feel good about the price, like it was worth my time. I like what you said about charging less for a first time project because you earn experience, I never looked at it that way. Thank you.
Love advice like this, and I will take most of it into consideration. However, your not the only one to cover general woodworking products. I do a lot of fretwork items. Some of these came take 6 hours or more to complete. I use the "ask my financial advisor" method too. I also use" how much would I pay for it?".
Thanks!
Thank you for doing this vid, you answered alot of questions, and love your other vids. Take care.
love how you have your wife involved. made me chuckle how she just jumped into view. as always thank you for your advice 👍
I also ask my wife 🙂
Awesome pricing video! Just starting out in the YT world. Yours, and a lot of the other communities information has been game changing. Thanks a ton.
Loved your info and tips. My wife is the business manager. She, like a lot of women just has a more analytical point of view, and she’s way better at the math. Keep on with you what you’re doing. You’re an inspiration to keep making sawdust.
Does this mean I need to give your wife a kiss when I’m working up a price?
Just come across your channel you have a great take on-running your business being fair and honest the only way to go love how you explain things looking in your eyes feel like a friendship forever thank you for doing the videos
You’re awesome. I love your pricing system too!
I was trying to discover which verse you reference. I realize now my previous try was incorrect and should have been 7:14. Anyway, I am thinking 1 Corinthians but I did not check all verses that are 7:31, just whatever popped up on google. Seems like 1 Corinthians would be the one.
I just wanted to say thank you for being honest about how you price your work. This is something I have had issues with in the past and I know I’ll continue to have problems with as I always think I’m overpricing something when in reality my friends and family are always telling me I’m selling way too cheap but I can’t help but feel like they are just trying to be nice and want me to feel better about myself and the stuff I make.
I need to know how you go about shipping items through etsy (or whatever else). Isn’t shipping wooden items (and therefore heavier items) crazy expensive?
Great video
Thanks
Thanks for the tips!! I’m new at wood working, I love it, wanting to help my husband pay our crazy monthly bills. I’ve been making trays, cutting boards, deco. Type stuff. All Christian based and all handcrafted and unique. My husband wants me to put on Etsy and this is blowing my mind!! Fees, shipping, time… clueless on what to charge.. thanks for the tips for us newbies 😁
Hey Matt! Nuevamente un video muy motivador; me encanta escuchar como hacer una venta honesta!!
I’m just like you and under price stuff and my wife tells me that. I’m really trying to find the right price but also be honest and fair!
I like fair prices. But fair to me what people are willing to pay. I build houses and when I first started I used to feel bad charging let’s $100 for fill in the bank but now for the same thing I charge $1000 for that same thing and people love what I do and are willing to pay for it but totters charge $50 for the same thing am I over charging? No because customers have learned that I am always honest with them I don’t change my price and the end and they are willing to pay for quality stuff I take my time on. I think I am still being fair even though they could get it way cheaper elsewhere.
I sell propane and….. oh
I sewing and build speaker enclosures for a living. I make around $300–$500 per box. There’s cheaper and much more expensive but I take pride in my work.
😎😎😎😎
Materials + Labour x a multipler [40%] = Price
Thats so weird, that’s a real life event that my wife and I have done when I try to price projects, lol!
Coming from a background from ultra right wing Christian, and then running across your site I was hesitant, but after only three videos, I have to say, I really like your style. 731 really scared me, but what you have presented is really outstanding. Keep it up.
People like you I enjoy talking too!!
Matt, I would volunteer my time to assist you in any build just to gain the knowledge and build my own skill. Knowledge is power and fairness is almost unheard of these days. Thanks!
And thank you for this video.
i respect it.
I like that shirt… great video…
No one has yet bought a single thing I’ve made. Shockingly, people would rather buy things for cheaper at Ikea or Walmart. Unless you’re an artist, the most you can do is just cover the material costs. This is just to get views, and like most such "make money lulz!" clips on YT, it’s mostly horse poop, as they say.
One of the issues I have come across with people pulling pictures from Pinterest, Wayfair, Ikea, Etsy, etc, is their expectation is set based on those prices which is rarely true to the quality of furniture they want nor the size they are asking for. You aren’t getting a well built and finished console TV stand at an Ikea price.
Love your channel, Matt!
First time I’ve seen an Outlaw be fair!
Your channel is awesome 👌 I’m kicking around the idea of woodworking. I enjoy it but I’m no pro and not super confident in my work. Trying to grow my confidence
Your video has been very informative for me. I’m starting my own woodworking business and wasn’t sure if i was charging too much for my projects. After watching your video I’m selling myself short. Thank You so much for the input.
Great videos and thank you for sharing your love for Jesus.
thank you this helped me alot
Thank you so much for this video! Your philosophy of trying to be fair to both you and your customer is so refreshing. There’s a pervasive notion that you should charge as much as ou can get away with so it’s lovel to hear your approach.
That said, I don’t think there’s anything wrong with you making a bigger margin on certain regular sellers like the stove covers – it helps to balance out the times when you take on brand new projects that take ages and earn you next to nothing. Essentially they fund your development as a woodworker!
Do you ask for a deposit before you build a project? If so what percentage?
Before the price of wood became astronomical 🙂
Hey Matt, Been a fan of your videos for a while now but just getting to leave a comment. You do a great job and have a heck of a personality. Keep up the great work. Side note; you look very familiar, have you ever worked with a cellular company out of St. Louis. You look (and act) a lot like a fellow I went to Africa with (a different lifetime ago).
Absolutely love this!! Real, true and honest!
Awww you guys are so cute!!!
Hi there, greetings from Norway. I just want to say that i appreciate your content a lot, very easy to follow and straight forward. As a hobby pipemaker and carver for a few years now i have recently, almost by chance gotten to sell some of them. I have a question about kind of the appreciation for our own work. It seems to me like a mental barrier in a sense to overcome, like feeling like my stuff is worth selling. But i would really like to keep making them and taking it more seriously. Do you feel like there is a point when one starts feeling like a professional? In the sense of taking ourselfs and the work more seriously? Dont know if that was understandable, thanks again for the videos and advices.