I sell pens ranging from $25 slim line to $55 for cigar pens and ink pens for $60 depending on the wood type; I also provide a cheap display case. I sell bottle stopper for $25, letter openers for $25. I sell game calls $40 to $60 and Pepper mills for $60, but I am going to raise my prices based on the time it takes to laminate the wood and the type of wood and their cost. I did some recalculating and my prices are too low, if you only want to make $3 an hour goes ahead and lower your prices. Remember you have a lot of money invested in special bits, lathe, energy (yours and the utility company) wood, adhesives, finishes, turning tools, chucks, mandrels, exhaust systems etc and the travel and/or shipping cost to get all of the above. Don’t forget your time and effort to shop for the above. Another factor is your time to document your business expenses and file sales tax on the items you sell, but if this is your hobby and you want to give them as gifts and on second thought that gift you gave away is really worth more that you thought it was!
Last edited by Bob Willing; 11-13-2010 at 10:32 PM.