Jump to content
Strawberry Orange Banana Lime Leaf Slate Sky Blueberry Grape Watermelon Chocolate Marble
Strawberry Orange Banana Lime Leaf Slate Sky Blueberry Grape Watermelon Chocolate Marble

Come see our annual Adopt a Gold Star Family for Christmas Project in partnership with Operation Ward 57. We have been chosen to support this mother and her two children. How can you help? Click on the proceeding link, and see our official project page where you can learn how to participate in our raffle and how you can win some fantastic prizes! Attention on Deck!!! Uncle Sam Wants You!!!!

DAB

No profit margin

Rate this topic

Recommended Posts

On 6/18/2017 at 0:46 PM, DAB said:

 

there was an article long ago in the Wood magazine about a guy who made wooden bowls.  he had a special jig and could crank these out in no time.  when he got a pile (50 or more) made, he'd bring them down to the local market, they'd buy the whole pile at his price, and then turn around and put them on the shelf, marked at 2x what they had just paid him.  and the market would sell them out before the weekend was over.

 

so who's making money?

 

the woodworker?  well, he's getting his price, but the buying public is willing to pay more.

 

the shopkeeper?  he's selling them as fast as he's getting them, low risk, doubles his money in a weekend.

 

 

 

 

Seems to me both were happy with the arrangement!

Share this post


Link to post
Share on other sites

I'm not too sure about this whole topic. I make wood items and I sell them and I make a profit. I charge a fair price and I'm happy with it. If I under price it then it's my fault. I purchase my raw materials at a very good price allowing me to price things where I can make money.

I'm not chained to my shop and work as much as I want to. I have made cutting boards and shipped to Japan and England along with many states. I worked with a designer on a project in Vermont that went in a multi-million dollar house where every piece of furniture was made by a different artesian.  I have plenty of time to do my bookkeeping without it being a distraction from my woodworking and when I'm woodworking I'm not worrying about paperwork. 

 

Every tool in my shop has been paid for by what I have made. I started small and each year I'm upgraded a tool. I've purchased three trailers that were all paid for by my woodworking. Upgraded my dust collection and paid for a shop expansion with my work. I have regular customers that call me when they need things. I sell to people I don't know but they like my work enough to put down their money for my product.

 

I don't try to make a living, I've already done that, but I do make enough to spend on my hobbies and my woodworking. 

 

I've sold things for wholesale but priced to so I still made a profit and yes they sold it for more but it had my logo on it.

 

Im sorry if you can't make a profit but don't put everyone in that category. I make and sell over 250 cutting boards a year along with pieces of furniture and other projects I do. I'm happy and well fed.

 

I consider paying my taxes as being successful also. 

 

Im currently working on about five projects and a set of tables that will be shipped to Mass. 

 

so please put me in the category that can make a profit.

 

 

 

Share this post


Link to post
Share on other sites

I have to agree with John Moody on this one.  There was a time when I was first starting out that profit did not come easily but I chalked that time up to building my reputation.  I didn't retire 9 years ago to make woodworking my full time career but instead to use woodworking as a creative tool as I aged.  Fortunately, I have been successful enough to pay for my materials, create some satisfied customers, buy a whole bunch of new tools and also to supplement my income.  Upon the advice of my accountant, I just recently raised my hourly rate and so far it hasn't reduced my work load.  All that being said, if this whole woodworking thing stops being fun, then I'll quit it and go back to building kites.

Share this post


Link to post
Share on other sites

All the people I know who ended up owning a woodworking business also had other income so they all did not have to turn a profit each and every week doing woodworking to pay their bills. I was one of the ones I am talking about. My wife was an RN and I was a full time paid fire fighter..

   I still feel there is not enough hours in each day for a one man shop especially if he is married with kids at home and is paying 1400 a month or more for the building he is renting for his business... Not even counting if the guy is paying for his home and making car payments..Then add all the other expenses that he will have, nope, the joy of owning a business will turn into a daily horror show.

   My time was back in the fifties and sixties when there was an Air Force base just out of town and I took care of the damaged claims caused by  Mayflower, Allied and United Van lines of moving the Air Force people all over the country. Me and my little touch up kit by Mohawk made me lots of bucks back then...

Share this post


Link to post
Share on other sites
5 hours ago, John Morris said:

I do admire the time the retired folks get to spend in their shops! I am jealous!:D

You have to do the time to enjoy the rewards. Oh, then we thumb our nose at the working world.

Share this post


Link to post
Share on other sites
11 hours ago, John Morris said:

 

Charlie, I think all in all we are all on the same side, and we are actually supporting the same ideas here, but just presenting them differently at this point. 

 

Naw John, your a little different. You have advertisers, and you ask for donations, plus you have people working in this forum for free. Your more inclined to promote anything woodworking related, I'm not. I gave that up about a year or so ago and could careless about promoting woodworking and tool and machine retailers, etc. It's not worth it, and not my job. My experience with it all became a total waste of time. Nowdays everyone just wants to take advantage of you if you let them, those days are over for me. It's not like the days all that long ago where if you had a good idea you had a chance to be recognized and compensated for it from a magazine. Two of my ideas were recognized and I received a small amount of compensation for them, but who cares right ? If you think that I'm the only one that has lost a lot of the passion for woodworking, your just fooling yourself.

Edited by CharlieL

Share this post


Link to post
Share on other sites
11 hours ago, DAB said:

 If i was just cranking out work blindly, not knowing who was getting it, and they not knowing who made it, that would reduce me to an assembly line worker, not someone who puts his heart and soul and imagination into each piece.  

 

 Be careful with what you say. Call me stupid if you wish, but I was a meat cutter for about 20 years. 10 of those years in a packing plant deboning and trimming pork legs to be hams. it wasn't an easy job juggling pork legs, and I did put pride in my work. 

Share this post


Link to post
Share on other sites
2 hours ago, CharlieL said:

Naw John, your a little different. You have advertisers, and you ask for donations, plus you have people working in this forum for free. Your more inclined to promote anything woodworking related, I'm not. I gave that up about a year or so ago and could careless about promoting woodworking and tool and machine retailers, etc. It's not worth it, and not my job. My experience with it all became a total waste of time. Nowdays everyone just wants to take advantage of you if you let them, those days are over for me. It's not like the days all that long ago where if you had a good idea you had a chance to be recognized and compensated for it from a magazine. Two of my ideas were recognized and I received a small amount of compensation for them, but who cares right ? If you think that I'm the only one that has lost a lot of the passion for woodworking, your just fooling yourself.

:) Good luck Charlie. You have my best positive vibes being sent your way, I do hope someday you find happiness sir. Till then, keep coming back here, we'll wear on ya soon enough. We are a bunch of great folks here.

Oh ya, people working for free? Man that's news to us!! Oh wait a minute, I work here for free too!

Share this post


Link to post
Share on other sites

I consider paying my taxes as being successful also. 

 

Thank you for this John.

 

CharlieL - you said you have lost your passion for woodworking.  But, you have only recently joined TPWW - I hope that is because you want to get some of that back.  I am sure that you have much that you can contribute.

Cal

Share this post


Link to post
Share on other sites
8 minutes ago, clhyer said:

I am sure that you have much that you can contribute.

Ya man! Share and Learn! We are all better off when we come together and share, and learn from each-other. I'm telling ya, we are an infectious bunch here, if Charlie sticks around, we'll rub off on him.:)

Share this post


Link to post
Share on other sites
14 hours ago, clhyer said:

CharlieL - you said you have lost your passion for woodworking.  But, you have only recently joined TPWW - I hope that is because you want to get some of that back.  I am sure that you have much that you can contribute.

Cal

John and Cal, unlike most here, I'm not retired and I doubt that I'll ever be able too. For a while now I've been looking for work, I tried my own thing with dust collection improvements and that has turned out to be a huge disappointment. Right now I don't need to be around  a lot of people that do not value my experience, time, and ideas. Not saying that some of you wouldn't, but just a simple thank you does not pay the bills, and because of that I don't share as much with people as I use too.

Edited by CharlieL

Share this post


Link to post
Share on other sites
13 minutes ago, CharlieL said:

John and Cal, unlike most here, I'm not retired and I doubt that I'll ever be able too. For a while now I've been looking for work, I tried my own thing with dust collection improvements and that has turned out to be a huge disappointment. Right now I don't need to be around  a lot of people that do not value my experience, time, and ideas. Not saying that some of you wouldn't, but just a simple thank you does not pay the bills, and because of that I don't share as much with people as I use too.

It's fine Charlie. Hey you know what, I am still working too, but I am not at retirement age yet. I will retire hopefully in 10 to 12 years, depending when my last kid gets out of college. But I plan on working the rest of my life too, hopefully working the wood after I retire to make ends meet, we'll see. It's just a fact I have accepted.

Charlie, you don't have to share here, just hang out and chat, if you want. Many of us are up to a phone call too, any time sir. I know chatting and reading, and talking don't pay the bills, but it can pay the soul pretty good. Thanks for being here.

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now


About us

We are a woodworking community with an emphasis on sharing and learning the skilled craft of woodworking and all of its related disciplines. Our community is open to everyone who wishes to join us. We support our veterans and active duty both here in the United States and in Canada, being a veteran is not a prerequisite to join. So please, join us! Please click on Join The Patriot Woodworker's.

 

We support MWTCA, preserving tools and implements from the past.

M-WTCA Logo.gif

Get in touch

Follow us

Recent tweets

Visit us on Facebook

×