Ok peoples,
I'm guessing all of use here make pens because
1. We enjoy it
2. We probably do it with a view to gifting our products or selling them on.
If you are selling them the first thing you have to accept is the product must be affordable within your market. There is no point in trying to sell a pen at a loss or to someone who cannot afford the price, simply you wont make the sale.
If your selling them its clearly with a view to obtain a reward for our efforts (beer token maybe) and probably fund the next one!!
I reckon it is important to consider many things in setting your sale price,
Firstly cost of components and materials, second labour, third overheads consumables etc.
For my part labour is pro rata £10 per hour.
Ok lets say components (kit) £5.00 + labour £10 + overheads etc £1.00 = £16.00
So wow you can sell a Sierra type kit for £16:nonono:
What about a tad bit of profit........... ok add 50% thats £8.00 ok so sell the pen for £24.00
Which means after you have paid the bills you make 33.3% profit or £8.00 to fund your next one you've even pid yourself £10 for the honour of making a profit.
Just a thought and meanderings of a legal mind..... hope it helps
I'm guessing all of use here make pens because
1. We enjoy it
2. We probably do it with a view to gifting our products or selling them on.
If you are selling them the first thing you have to accept is the product must be affordable within your market. There is no point in trying to sell a pen at a loss or to someone who cannot afford the price, simply you wont make the sale.
If your selling them its clearly with a view to obtain a reward for our efforts (beer token maybe) and probably fund the next one!!
I reckon it is important to consider many things in setting your sale price,
Firstly cost of components and materials, second labour, third overheads consumables etc.
For my part labour is pro rata £10 per hour.
Ok lets say components (kit) £5.00 + labour £10 + overheads etc £1.00 = £16.00
So wow you can sell a Sierra type kit for £16:nonono:
What about a tad bit of profit........... ok add 50% thats £8.00 ok so sell the pen for £24.00
Which means after you have paid the bills you make 33.3% profit or £8.00 to fund your next one you've even pid yourself £10 for the honour of making a profit.
Just a thought and meanderings of a legal mind..... hope it helps