We frequently have discussions on here about pricing, pricing formulas, value of work shop time, skill of pen turner etc. But we seldom speak of value added. Let me give you an example of what I'm referring to.
ABC turner, buys an Emperor Pen Kit...orders a set of Toni's Poly Clay blanks and does little more than assemble the pen and then asks $350.00 or more for the completed pen about three times the cost of the components....Yet what value did ABC add?
BCD turner, buys a couple of sticks of acrylic and makes a pen from scratch using only perhaps a refill and nib. Spends many hours doing all the work. Then sells the pen for $150,00. Yet BCD clearly added more value than ABC,
My question is this...How much value does a typical turner add to the product? Specifically when using Kits as most turners appear to be doing.
ABC turner, buys an Emperor Pen Kit...orders a set of Toni's Poly Clay blanks and does little more than assemble the pen and then asks $350.00 or more for the completed pen about three times the cost of the components....Yet what value did ABC add?
BCD turner, buys a couple of sticks of acrylic and makes a pen from scratch using only perhaps a refill and nib. Spends many hours doing all the work. Then sells the pen for $150,00. Yet BCD clearly added more value than ABC,
My question is this...How much value does a typical turner add to the product? Specifically when using Kits as most turners appear to be doing.