Thanks Gerry. I spend a good bit of my teaching time talking about
how to make a living at this.
When I last worked in a Union trade shop I was paid the journey man
wage of $10.00 per hour. My bosses charged the stores $50.00 an hour
to cover cost of taxes, work man’s comp, health ins., utilities,
office staff, supplies, materials, advertising, delivery costs,
profit etc. The stores then charge 2.5-3 times the $50.00 an hour
they were charged.
I have worked in, run, and owned both wholesale and retail
businesses so I’m familiar with just how much overhead can cost.
Tim and I are not rich by any stretch of the imagination, we live
modestly but we are able to pay our taxes and bills in a timely
manner and live a lifestyle that we find comfortable.
Remember folks it’s all about perceived value and scarcity. " How
much?! That’s a lot. Oh, you must be very good. It’s going to take
two weeks? Oh it must be a complicated process." If this were easy
everyone would do it.
Have fun and make lots of jewelry.