I just started playing around making some stuff, mostly as a hobby, but I'd like to sell some of what I make to support the hobby. When I figure out the cost of material, wood, hardware and paint, and then see how much comparable items sell for, there seems to be no room for any profit.
I'm just talking about materials, not the other real costs of doing business
Skip the costs of tools, and other normal overhead - I have a $50,000 workshop already paid for over the last 25 years from hobby woodworking.
Skip the costs of web sites and computers, that's my main business, so I already own all that.
If I actually figure the full real costs, it seems I would have to sell at a loss.
What am I missing?
E.g. what could I expect to sell a 5" basswood prop bait (with a basic paint job) for, and what should be the actual cost of material?