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

Camera Equipment I Use for Videos:
Canon M50 https://amzn.to/3bcLa3f
Canon 22mm Lens: https://amzn.to/3hHos65
Microphone for M50: https://amzn.to/2NcvHVS

Help support this channel by becoming a Patreon Supporter. https://www.patreon.com/731woodworks

*Follow me on social media*
www.instagram.com/731woodworks
www.pinterest.com/731woodworks
www.facebook.com/731woodworks
www.twitter.com/731woodworks

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.

50 Comments

  1. DerisedEgami on September 22, 2022 at 12:34 am

    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.

  2. StormLaker1975 on September 22, 2022 at 12:35 am

    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.

  3. 731 Woodworks on September 22, 2022 at 12:36 am
  4. Mike Brister on September 22, 2022 at 12:38 am

    Appreciate your channel Brother!

  5. Dorian DeShon on September 22, 2022 at 12:40 am

    I love that shirt!! Oh, and the content is great as well, lol!!

  6. Carlos Nieves on September 22, 2022 at 12:41 am

    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.

  7. Dennis Mutz on September 22, 2022 at 12:42 am

    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?".

  8. Paul Buffington on September 22, 2022 at 12:43 am

    Thanks!

  9. RockysWoodWorkings on September 22, 2022 at 12:49 am

    Thank you for doing this vid, you answered alot of questions, and love your other vids. Take care.

  10. UH-64_SilenTKill on September 22, 2022 at 12:51 am

    love how you have your wife involved. made me chuckle how she just jumped into view. as always thank you for your advice 👍

  11. Stefan Aleksander Martinsen on September 22, 2022 at 12:51 am

    I also ask my wife 🙂

  12. Jake Pryor on September 22, 2022 at 12:53 am

    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.

  13. Frank Favorito on September 22, 2022 at 12:53 am

    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.

  14. vtellez01 on September 22, 2022 at 12:55 am

    Does this mean I need to give your wife a kiss when I’m working up a price?

  15. Calendar Brookstein on September 22, 2022 at 12:58 am

    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

  16. Peter Mead on September 22, 2022 at 12:58 am

    You’re awesome. I love your pricing system too!

  17. william barnes on September 22, 2022 at 1:01 am

    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.

  18. Michael Key on September 22, 2022 at 1:04 am

    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.

  19. Jana Smith on September 22, 2022 at 1:04 am

    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?

  20. rudy novissimo on September 22, 2022 at 1:05 am

    Great video

  21. Walt O'Bringer on September 22, 2022 at 1:06 am

    Thanks

  22. Keren Lumley on September 22, 2022 at 1:07 am

    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 😁

  23. Juan David Atehortúa Mejía on September 22, 2022 at 1:08 am

    Hey Matt! Nuevamente un video muy motivador; me encanta escuchar como hacer una venta honesta!!

  24. Nick Shurmantine on September 22, 2022 at 1:08 am

    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!

  25. Knowledge Is Kings on September 22, 2022 at 1:08 am

    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.

  26. Tha Boy Genius - Team Huayra Designs on September 22, 2022 at 1:08 am

    I sell propane and….. oh

  27. Tha Boy Genius - Team Huayra Designs on September 22, 2022 at 1:09 am

    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.

  28. Neko tamo Neko on September 22, 2022 at 1:10 am

    😎😎😎😎

  29. Tom Paste on September 22, 2022 at 1:10 am

    Materials + Labour x a multipler [40%] = Price

  30. Justin Helsley on September 22, 2022 at 1:11 am

    Thats so weird, that’s a real life event that my wife and I have done when I try to price projects, lol!

  31. Hans Hoffmeister on September 22, 2022 at 1:11 am

    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.

  32. David Meek on September 22, 2022 at 1:13 am

    People like you I enjoy talking too!!

  33. W Sapp on September 22, 2022 at 1:13 am

    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!

  34. william barnes on September 22, 2022 at 1:13 am

    And thank you for this video.

  35. Mark Swaggerty on September 22, 2022 at 1:13 am

    i respect it.

  36. Scott Stevenson on September 22, 2022 at 1:14 am

    I like that shirt… great video…

  37. Ignatius Reilly on September 22, 2022 at 1:17 am

    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.

  38. Jerimiah Kent on September 22, 2022 at 1:19 am

    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.

  39. Bill Diehl on September 22, 2022 at 1:22 am

    Love your channel, Matt!
    First time I’ve seen an Outlaw be fair!

  40. Dan on September 22, 2022 at 1:25 am

    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

  41. Steven Douglas_Harwell, Sr on September 22, 2022 at 1:25 am

    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.

  42. Steven Fox on September 22, 2022 at 1:25 am

    Great videos and thank you for sharing your love for Jesus.

  43. Art2Sculpt on September 22, 2022 at 1:26 am

    thank you this helped me alot

  44. TheNeedlessMage on September 22, 2022 at 1:26 am

    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!

  45. Shane Fletcher on September 22, 2022 at 1:28 am

    Do you ask for a deposit before you build a project? If so what percentage?

  46. The Next on September 22, 2022 at 1:28 am

    Before the price of wood became astronomical 🙂

  47. Bill "Woodworking Marine" Hunt on September 22, 2022 at 1:29 am

    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).

  48. Tim Hucal on September 22, 2022 at 1:30 am

    Absolutely love this!! Real, true and honest!

  49. antonin provost perrier on September 22, 2022 at 1:30 am

    Awww you guys are so cute!!!

  50. Ivan Savic on September 22, 2022 at 1:31 am

    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.

Leave a Comment