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Become a patron by going to www.patreon.com/makerloungepodcast and sign up for whichever tier matches your preferred level. Patrons get special benefits and bonus content.
If you have recommendations on who we should have on the podcast, please let us know!
Follow us on Instagram @makerloungepodcast or visit www.makerloungepodcast.com
In this episode, we discuss the topic of pricing your work. We share our experiences and insights on adjusting prices for friends and family, lowering prices to sell projects, and using subscription-based pricing models. We also talk about the design software we use and where to find inspiration for your designs.
In this conversation, we discuss pricing strategies and the concept of offering discounts. We share their experiences with pricing our products and services, including how we calculate costs and determine profit margins. We also discuss the importance of valuing your time and ensuring your businesses are profitable. The conversation concludes with a fun game called 'The Price is Wrong,' where the guests guess the prices of different projects. In this part of the conversation, we discuss various pricing scenarios for different woodworking projects. We analyze the pricing of a farmhouse table, an outdoor picnic table, a round table, slate coasters, and a TARDIS bookshelf.
The conversation touches on the value of learning experiences, the importance of considering materials and labor costs, and the potential of subscription-based pricing models. Overall, the episode provides insights and strategies for pricing projects effectively.
I hope you enjoy and share the YouTube video when it is published Friday. Thanks for being a supporter of the podcast.
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Maker Lounge on Instagram: http://www.instagram.com/makerloungepodcast
Matt (Host) with Voeltner Woodworking: http://www.linktree.com/voeltnerwoodworking
Maker Lounge Podcast Website: http://www.makerloungepodcast.com
Andy (Andy Bird Builds):
https://www.youtube.com/@AndyBirdBuilds
Steve Moseley (Making at Home): https://www.instagram.com/makingathome/
Nick Poole (Dylan Custom Carpentry): https://www.instagram.com/dylancustomcarpentry/
Sponsor of today's episode:
This episode is sponsored by SurfPrep Sanding. Thanks to SurfPrep for sponsoring this episode and providing a discount code for the listeners! Go to https://www.surfprepsanding.com?aff=51 and enter the code "MAKERLOUNGE" for 10% off their website! I've been using SurfPrep for a couple of years now and can speak very highly of the product and company.
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Thank you to our patrons!
Rockstar!: Jimmy McAnally, Wimm Design, Calvary Customs LLC, Cleancut Woodworking, Bailey Thompson, Dave Garcia, Broken Lead Woodworks, Dylan Furniture, Shock The Fox, Don Patterson, Corey Davoll
Groupie: Making at Home, J&E Designs, Temecula Yard Designs, Graybeard Woodworking
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