Results 1 to 3 of 3

Thread: pricing suggestions

  1. #1

    pricing suggestions

    hi everyone. i have a potential customer who is wanting me to supply him with engraved plaques. my question is, how much do i charge him? he wants black marble plaques measuring, 24" x 18 ". he will give me consistent work usually 2 a week. any input??

    thanks in advance, pat

  2. #2
    Join Date
    Feb 2003
    Location
    Hayes, Virginia
    Posts
    14,498
    Pat,

    Like any other job you need to price this one based on your business formula.

    Material Cost + Labor Cost + Profit Percentage + Overhead Percentage = Wholesale Cost

    From the Wholesale cost figure you can apply a percentage or flat fee to cover your retail expenses if any. Should you provide widgets to a local business that sells them in their store they need to add something for their retail expense and your Retail cost should never be below theirs.

    Your labor cost should include your fee for engraving per minute plus any design time at your hourly rate.

    Your prices will differ from mine because it is unlikely that we have the same overhead or proffit structure. Overhead should include things like, electricity, insurance, shop and office rent, hardware and software costs, telephone, office expendables, equipment maintenance, etc. Don't forget to include your costs for things like router bits, sandpaper, etc in your material cost for the job.

    As an example;
    Laser Engraving A Very Small Marble Plaque with no design time required.
    $04.50 = Material
    $13.00 = Labor
    -------------------
    $17.50 = Sub Total
    -------------------
    $02.60 = Proffit @15%
    $01.75 = Overhead @10%
    -------------------------
    $21.85 = Wholesale Price

    Your retailer would most likely add 50% to cover his Profit and Overhead for the small plaque.

    Retail cost = $32.77

    Note:
    When engraving black marble don't forget to coat your plaque with Armor All, then wipe and allow to dry before you engrave.
    You should perform a test using Armor All to verify for yourself the difference in engraving contrast.
    This Tip is my gift to the Engraving community


    .

  3. #3
    Quote Originally Posted by Keith Outten
    Note:
    When engraving black marble don't forget to coat your plaque with Armor All, then wipe and allow to dry before you engrave.
    You should perform a test using Armor All to verify for yourself the difference in engraving contrast.
    This Tip is my gift to the Engraving community


    .
    ...but one of many...

    Mitch
    "I love the smell of sawdust in the morning".
    Robert Duval in "Apileachips Now". - almost.


    Laserpro Spirit 60W laser, Corel X3
    Missionfurnishings, Mitchell Andrus Studios, NC

Similar Threads

  1. Dado blade suggestions
    By Julio Navarro in forum General Woodworking and Power Tools
    Replies: 17
    Last Post: 06-08-2006, 9:36 AM
  2. Gun suggestions?
    By Tommy Curtiss in forum General Woodworking and Power Tools
    Replies: 1
    Last Post: 03-16-2006, 10:31 AM
  3. Pricing
    By Debbie Sweet in forum Laser Engraving General Topics
    Replies: 1
    Last Post: 02-04-2005, 11:48 PM
  4. Pricing my work
    By Rob Horton in forum General Woodworking and Power Tools
    Replies: 9
    Last Post: 04-09-2004, 12:04 AM
  5. Project suggestions, how to finish Pecan
    By Perry Schmidt in forum General Woodworking and Power Tools
    Replies: 1
    Last Post: 10-27-2003, 10:22 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •