Fullerbuilt Plane
- Thread starter Warrior
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Michael Kellough
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- Jan 23, 2007
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Very nice!
score0matic
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- Jun 7, 2008
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Eiji
I like it, it sorta looks like a 23 T Convertible
Very nice
Craig
I like it, it sorta looks like a 23 T Convertible
Very nice
Craig
Chris Hughes
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- Mar 15, 2008
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I hate you. Nice plane, a work of art.
jonny round boy
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RonWen said:
I agree 100%
Just one thing though - isn't 635 bucks a bit too cheap? You don't want to undervalue your products! [eek]
ok guys,
yes I do think the price is a bit low. What price should I fetch with this set?
What price would you guys pay for something like this?
The reason I ask is that I do tend to price things too low and then Im stressed when I dont have any money at the end of the day.
yes I do think the price is a bit low. What price should I fetch with this set?
What price would you guys pay for something like this?
The reason I ask is that I do tend to price things too low and then Im stressed when I dont have any money at the end of the day.
Eiji
Stunning work but like Jonny said, sounds too cheap. It can be a bit of a dilemma knowing what to charge but your work looks to be of a quality that should be up another price bracket. I don't think you will be short of work with the type of stuff you are producing.
As always, its only my opinion,
Woodguy.
Stunning work but like Jonny said, sounds too cheap. It can be a bit of a dilemma knowing what to charge but your work looks to be of a quality that should be up another price bracket. I don't think you will be short of work with the type of stuff you are producing.
As always, its only my opinion,
Woodguy.
If you feel your planes are comparable to Mujingfang Planes then based on current conversion rates I'd say you are definitely not charging enough. I'm sure you have already done this but I would check some other web sites and see what the going rates are for similar style/quality of planes and price accordingly.
Eiji,
I can't give you a number either, but agree that you should be able to get a much higher price.
If in your position, I would research the competition. For example, check out HNT Gordon at http://www.hntgordon.com.au/index.html and see what he gets for his work. You might troll the SMC site for discussion regarding wooden planes and those who make them. I can't think of any other plane makers, certainly others have ideas.
I'd also look at the cost of the cabinet. What would you charge to make just that? And the mallet? I realize that the average price ($635 divided by 4 = $158.75) isn't a particularly valid measure, since there differences in the value of each item. If the mallet is worth $50, then the average of other items is $195.00, which seems way low. Subtract your cost for the irons (I'm guessing $40 each) and the average cost of the other items is $168.33.
I remember someone talking about selling clocks that he made. Of the many things he did that made sense, two stand out: 1) He selected a market place where people had money to spend, 2) After setting the highest price he could imagine paying for one of his clocks, he raised it by an additional 25%. He reasoned that what is a mortgage payment for you or me isn't much for someone with money (I can't use the term he did to finish the sentence, language police, you know) don't care that much about cost, and that most craftsmen don't really understand the value of what they create.
Jack the price by at least 25%, and if it doesn't work then give a discount. People like to think they are saving money and getting a good deal. If you double the price, you can give them an even better deal!
Good luck, beautiful work. I wish I had $635 to spend.
Richard
I can't give you a number either, but agree that you should be able to get a much higher price.
If in your position, I would research the competition. For example, check out HNT Gordon at http://www.hntgordon.com.au/index.html and see what he gets for his work. You might troll the SMC site for discussion regarding wooden planes and those who make them. I can't think of any other plane makers, certainly others have ideas.
I'd also look at the cost of the cabinet. What would you charge to make just that? And the mallet? I realize that the average price ($635 divided by 4 = $158.75) isn't a particularly valid measure, since there differences in the value of each item. If the mallet is worth $50, then the average of other items is $195.00, which seems way low. Subtract your cost for the irons (I'm guessing $40 each) and the average cost of the other items is $168.33.
I remember someone talking about selling clocks that he made. Of the many things he did that made sense, two stand out: 1) He selected a market place where people had money to spend, 2) After setting the highest price he could imagine paying for one of his clocks, he raised it by an additional 25%. He reasoned that what is a mortgage payment for you or me isn't much for someone with money (I can't use the term he did to finish the sentence, language police, you know) don't care that much about cost, and that most craftsmen don't really understand the value of what they create.
Jack the price by at least 25%, and if it doesn't work then give a discount. People like to think they are saving money and getting a good deal. If you double the price, you can give them an even better deal!
Good luck, beautiful work. I wish I had $635 to spend.
Richard
Richard,
Fine points you make, yet there is a dilema here. I understand the value (blood, sweat and materials) put into these planes, yet I understand that woodworkers interested in a set of these planes most likely will not be able to afford them if I put a price too high.
I dont want to sell a few to wealthy hobbyists. I'd rather sell many to professional woodworkers and hobbyists.
Fine points you make, yet there is a dilema here. I understand the value (blood, sweat and materials) put into these planes, yet I understand that woodworkers interested in a set of these planes most likely will not be able to afford them if I put a price too high.
I dont want to sell a few to wealthy hobbyists. I'd rather sell many to professional woodworkers and hobbyists.
score0matic
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Eiji,
Like everything else what do you need to make a comfortable living, At this point you may want to beconsidereed a "bargan" to the quailty minded. If you are several $100 cheaper than your competition (think $800 vs $1100) and you also preform better, it will not take long for the word to spread that there is this new kid building these sweet tools and that you had better grab one before he realizes what they are worth. This is a short term advertising strategy, you are doing this with the intent of building your reputation, Once you get enough orders to coming then raise the prices... this also serves to reward those who are your first "fans".
Criag
Like everything else what do you need to make a comfortable living, At this point you may want to beconsidereed a "bargan" to the quailty minded. If you are several $100 cheaper than your competition (think $800 vs $1100) and you also preform better, it will not take long for the word to spread that there is this new kid building these sweet tools and that you had better grab one before he realizes what they are worth. This is a short term advertising strategy, you are doing this with the intent of building your reputation, Once you get enough orders to coming then raise the prices... this also serves to reward those who are your first "fans".
Criag
Charimon said:
Hear, Hear!
Come on then. Lets see some orders rolling in before I have to raise the prices.
contact me via email at eiji@fullerbuilt.com
Im also on facebook. new plane designs will be posted there as well as here.
BTW Id rather be poor making planes and furniture than less poor building cabinet boxes all day!
score0matic
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Eiji
I said Quality minded craftsmen ...... This is a Festool forum..... Totally different crowd altogether [big grin] [big grin]
May the Good Lord bless your endeavor, Craig
I said Quality minded craftsmen ...... This is a Festool forum..... Totally different crowd altogether [big grin] [big grin]
May the Good Lord bless your endeavor, Craig
Eiji,
I was once told that:
When Buying - if you are not embarrassed by the price you offer, you are willing to pay too much.
When selling - if you are not embarrassed by the price you ask, you are willing to accept to little.
To me, it is about a good night's sleep. If your price point let's you sleep well, then it is right where it needs to be. Anything less is charity, anything more is greed. But if you can't sleep at night because you feel that you are overcharging, then you probably are. Conversely, if you can't sleep at night because of the rain beating on your head, you are probably priced too low.
[2cents]
I was once told that:
When Buying - if you are not embarrassed by the price you offer, you are willing to pay too much.
When selling - if you are not embarrassed by the price you ask, you are willing to accept to little.
To me, it is about a good night's sleep. If your price point let's you sleep well, then it is right where it needs to be. Anything less is charity, anything more is greed. But if you can't sleep at night because you feel that you are overcharging, then you probably are. Conversely, if you can't sleep at night because of the rain beating on your head, you are probably priced too low.
[2cents]
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