Dailey Woodworks

How do you make money from Woodworking?

This is a legitimate question, not a lead in.  I don’t have 10 tips to selling your work on craigslist or any of that nonsense.  I do have a store room full of stuff that I need to sell.  I think I price things fairly (click here for my pricing formula), but I can’t seem to sell things until I cut the price to my cost leaving no margin for overhead, taxes, or profit.

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How I Set Prices For My Woodworking Business.

While working on a post about a project I’m finishing up, I managed to wonder off onto the rabbit trail of pricing.  I had to come up with my own system since there isn’t much online.   After some debate, I managed to come up with a “formula” for setting prices.  Using a formula isn’t a perfect solution, but it’s the best I have for now.  I think it’s also important to note that it’s not set in stone, I actually built some flexibility into it so that I can keep my income managed and working for me.

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