If you are willing to let go of the woodcarving that you currently have, there is an opportunity to make money and even become a full-time source of income.
Like other items, woodcarvings and furniture also have a selling value based on several factors. Of course, wood carvings have a special character, especially when it comes to unique and antique items.
You may be surprised that the prices of antique products on the market can reach very high values.
Calculating the price of woodcarving by time
The cost of the carving depends on how long it takes to carve. You decide the basic hourly rate you are willing to accept. This indicates that you choose a wage for the project as an employee.
Sculptors should be careful when implementing this option to prevent charging too low. In general, the rate is approximately $10 an hour.
You may adjust the rate depending on where you live to match the minimum wage. However, avoid receiving a deal that price is extremely.
You can charge more per hour if the project is complex, even in profound detail. Also, the rate will increase along with your skill level.
Experience and skilled carver will receive more than $25 and $50. This number depends on clients, type of job, tool, and other related factors.
Using carving is for pricing woodcarving
Another way to determine the woodcarving price is by carving area. This is especially useful for relief carvings, sign plates, and other potentially price-challenging items.
For first-time or beginners, you may charge $1-$1.5 for one square inch. Carver and carpenters with skill can charge up to $2.50.
You can get that point after more jobs and experience. Moreover, your skill is proved after clients see your job and portfolio.
Woodcarving pricing by height
If the job is life-size or standing carving, you need another approach to calculate the price. It can use price by area, but the height is another issue. In this situation, pricing based on height is the right move.
More carvers set starting prices using 5 feet as the reference point. If the job must use scaffolding, the price is higher than a standard one.
The suggestion is you offer the price for 5 feet carving between $150 and $200 per foot. The higher the project will spend an extra $200 per foot.
This pricing is for the carving you will work on and have already done. The price fluctuates, which might be more or less after considering other factors.
Factors affecting the price of woodcarving
You expect the price of furniture and carving to be more expensive because the material is a rare wood. The tools are mostly not in price listing.
However, if the work requires a special tool, you must make an exception regarding adding the tool as part of the pricing method.
Two works with the same height and area will have a different price after you inspect the complexity of each task. You create two carvings that have five feet tall using two of the same material.
The first project depicts a single animal, and the second has its cub. Although comparable in height, the second job takes more time to carve, even special tools, due to its detail and complexity.
You charge more for the latter to compensate for the extra labor you put into it.
You may change the fee based on the reason for certain engraving techniques. Woodcarving needs more practice regularly to sharpen the sense and obtain experience.
You get easy to work and faster to complete the carving after several practices.
The interesting thing is you can do two tasks, earning money and learning, from receiving the deal from clients. Of course, the price should be lower, and you also tell the employer that the project will take more time.
If the employer wants you to use a specific technique, it is reasonable to charge more for the inconvenience.
Demand for woodcarvings
It is normal to increase the price if the stock is empty that cannot keep up with the demand. Adding a price up to 20% is not a big deal for a loyal customer.
On the contrary, you may be overcharging for the goods without customers. You realize this situation after the new price is released.
Demand for furniture and woodcarving is moderate. They are not consumable products that will be spent in a short time.
More people need furniture to replace the old one at a certain time. Some trends also influence the demand and trend. You only adjust pricing to compromise the market fluctuation.
Where can I buy woodcarving?
The flea market is the top choice for the first-timer or selling secondhand furniture. It is easy to enter due to low barriers and is useful for introducing a new product.
The next option to get an item is from a woodcarving show. It is dedicated specifically to anything related to wood, carving, and furniture.
You can buy and sell the product, including comparing the price and finding the antique items.
You should consider eBay and Etsy online platforms to sell crafts, art, furniture, and more. They can reach more customers and potential buyers.
The good thing is you don’t need to open a shop or store. Prepare the item and send it directly to buyers after a transaction.
Profit and gain from the price of woodcarving
Buyers and sellers want to get benefit from the deal they make. You must know about needs and wants.
Some people buy the items because the needs, such as a table, desk, kitchen set, sofa, bed, etc. On the other side, few want to get specific items due to the interesting design.
You make a carving with common wood, and the profit increase as much as the products are sold. This kind of woodcarving is price sensitive; check the competitor before increasing the price.
Some woodcarvings are not just for functionality because people appreciate the design. It is common to custom order old furniture. In that case, the price is charged more expensive.
You also need to know inventory management. Check the stock, and you must sell the carving as soon as possible for mass production items. The good thing is you may store woodcarving for a long period.
Price of woodcarving as art
If the carving is considered an art, pricing is intricate, and difficult to determine the starting point. You may imagine hanging the craft for $50 and $5,000 on the wall.
The question is which one will give the sense of fulfillment.
Most people believe paying more means the value is higher than spending less. It is the easiest way to price your woodcarving.
Art has a value that more than its functionality. The expert in this field is what you need to avoid increasing the price with no buyer or losing the profit after selling the item cheaply.