How We Priced a Sofa Table (REAL Numbers) | Woodworking Business
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I'll come back in a year or so and think about subscribing. Hopefully by then you will be making more finished, higher quality furniture. Maybe by then you will be making videos and furniture from the heart and not from a standard business plan. Good luck and I will see you then.
This feels like the Disney channel with a side of wood-shop, bubblegum overload!
WOW WHAT AN EXPETED PROFIT!!! Way better than that stupid old “expected” profit I’m always hearing about.
I love your content!
what is the name of the clear and black timmymegiggy you are drilling out the dowel holes with.
You are calculating your margin incorrectly. Selling something that had a direct cost of $250 for $325 is in actuality only netting you $75 which is only 23.08% of your sale price ($325), not 30%. To sell your product at a 30% Margin please take your direct cost of goods, in this case, $250 and divide it by 0.70. 250/0.70= $357.14. If you had sold it for $357.14 you would have had netted $107.14 which is 30% of the sale price ($357.14) – Great businesses start with sound math. Happy selling!!
You made a drawer(materials,machining,finishing,FITTING), inTHIRTYY MINUTES???? nawww!
Could you recommend a doweling jig?
Very fair! People don’t realize how expensive equipment is, I put a ton of money into equipment, people always think it’s the wood that makes handmade stuff expensive but it’s the skill and equipment