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dsqui

Pricing

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Three different jigs 3 different prices.  Currently I'm charging $4,  $6,  and $4. Just a little curious if my pricing is right on or at east competitive with other guys.

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It is easy to figure out. Add your material cost, then figure out your overhead by seeing the increase cost in your utility bills, it will only add 2 cents per item but it adds up. Then you have to add in the 10% FET tax and depending on the state you may also have to include sales tax and after all that is figured in you then decide what you want to charge for time. Figure out how long it takes you to make 1 jig from start to finish and then how many you can make per hour and how much you think your time is worth per hour and divide that into the number of jigs you can make in an hour and when you add all of the principles up it will give you a price.

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I hand tie each of my jigs with thread, and charge $3. That's a tad low, I should be more like 4. For yours, that are just banded, I would say $2.50-3. personally I think $6 for that swing jig is outrageous.

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