Did you forgot to mention tax and insurance? A startup needs enough runway to deliver their plan to "break-even". Pricing is one 'lever' to pull on the road to break even (and beyond). It's not unreasonable to make a lot on some products to build the brand for quality, or to get some cash flow to extend your runway. Pricing strategy is complex and dangerous to over-simplify. I recommend that anyone interested in business development get at least a bit of formal education about what's involved (even if it's some online courses). Be careful of well-intentioned advice if you have no foundational business knowledge. The truth is that it takes a lot of work to start a new business. It IS possible if you handle the complexity without making it "complicated". The right information can help you make the best decisions for your product and situation. Good luck on your business journey! Don't forget to enjoy the trip.
There are ao many videos out there descibing the bottom up approach and it leads to a race to the bottom. I never understood why people dont value themselves (their time) or their product. Thats just your COGS. I try and go for what the market will bear. Im selling my own inventions and ideas. People from the 3d printing world are either like that is say to expensive or you should just give away the stl. Nope. No thanks. Cant support a family with that mentality. I hope people take this video into consideration. Thanks Gabe for pointing this out on your large and growing platform
My 2 cents and an example as a small business in 3d printing and design. First all 6 machines paid for by 3d printing 100%. Electric cost is included in my rent!!!!! (this is huge rent is $840 per month) Example.....Wrench 1 cost me $2.36 of material and print time is 4.5 hours. ( prolly over printing wrench...IE walls, bottom, top but none have return to breakage!!!-over 100 sold) In store wrench 1 sells consistently for $35. Started at $45.... At $35 the guys who work front desk get a $5 commission so sale to me is $30. over 100 sold...Great!!! BUT!!!! online price margin shows retail is $25 plus shipping and to move faster $20 plus shipping be better. So out source wrench to under.......?????? and then sell. Point is start high!!!! work your way done and watch the pennies......
Great video, I forgot about depreciation. I haven't done this tupe of accounting since high school. From the POV of an industrial designer and artist, I seek to create products you can't get anywhere else, so I'm not competing within mu Niche.
I have wondered about pricing many times, and came to the conclusion that I will charge a bit more than what seems reasonable. I'm just a hobbyist, so this way I get "good" profit without having to print something every day. Also, some of my products are unique, in the sense that you can't get them anywhere else. The price on one of these unique items I sell is over 40x the material cost.
I used your quote on your website and never got a confirmation email. Also I sent two questions via your form and still have not received anything. I checked my spam and trash folder and it is not there.
I need to clarify, I used your quote and ordered a part, but never received any confirmation. The money was taken out of my account. Also, I assume the quote included shipping. It would have been nice to have a breakdown of the numbers or something to confirmation for both parties
I thought about selling prints on etsy. I however decided not to because in order to match prices I'd be paying myself like 5 bucks an hour. The current price of prints there is horribly low.
Etsy sends to have been taken over by a-lot of mass produced item and larger business’s. Seems like it’s more customized and niche Amazon more then anything
Wish my quote was answered!! I understand busy!!! I also have 3 customers looking for BULK orders so my quote was a test.... for my wrench....not even a no thank you........maybe next time.....
It feels a bit cheeky to include the price of labor in your "landing cost", as well as your profit margin, but if at some point you have to bring someone else into help, like you said, you don't want to be raising the price every 5 minutes, so I guess it's probably for the better at the end of the day 🤷🏿♀️
I’ve noticed that models loaded on bambulab maker world platform and linked to the Chinese maker world instance get taken and produced and sold on the Chinese Taobao platform. Quite a crazy thing that people will take works of others given away for free and then they make money off it. Is that ethical ?
apple.... quality? value? get real. i suppose after all the great advice, some awful things also must eventually said. i advise you to rethink your measure of apple products
Why don't you link all your channels in your video description? You have everything else.
Perhaps not the best choice of words, but I agree
Everyone selling 3d prints needs to watch this
Did you forgot to mention tax and insurance? A startup needs enough runway to deliver their plan to "break-even". Pricing is one 'lever' to pull on the road to break even (and beyond). It's not unreasonable to make a lot on some products to build the brand for quality, or to get some cash flow to extend your runway. Pricing strategy is complex and dangerous to over-simplify. I recommend that anyone interested in business development get at least a bit of formal education about what's involved (even if it's some online courses). Be careful of well-intentioned advice if you have no foundational business knowledge. The truth is that it takes a lot of work to start a new business. It IS possible if you handle the complexity without making it "complicated". The right information can help you make the best decisions for your product and situation.
Good luck on your business journey! Don't forget to enjoy the trip.
There are ao many videos out there descibing the bottom up approach and it leads to a race to the bottom. I never understood why people dont value themselves (their time) or their product. Thats just your COGS. I try and go for what the market will bear. Im selling my own inventions and ideas. People from the 3d printing world are either like that is say to expensive or you should just give away the stl. Nope. No thanks. Cant support a family with that mentality.
I hope people take this video into consideration. Thanks Gabe for pointing this out on your large and growing platform
gotta love the timing of this video after I just created 9 models with my free credits on rodin :P
My 2 cents and an example as a small business in 3d printing and design. First all 6 machines paid for by 3d printing 100%. Electric cost is included in my rent!!!!! (this is huge rent is $840 per month) Example.....Wrench 1 cost me $2.36 of material and print time is 4.5 hours. ( prolly over printing wrench...IE walls, bottom, top but none have return to breakage!!!-over 100 sold) In store wrench 1 sells consistently for $35. Started at $45.... At $35 the guys who work front desk get a $5 commission so sale to me is $30. over 100 sold...Great!!! BUT!!!! online price margin shows retail is $25 plus shipping and to move faster $20 plus shipping be better. So out source wrench to under.......?????? and then sell. Point is start high!!!! work your way done and watch the pennies......
Great video, I forgot about depreciation. I haven't done this tupe of accounting since high school. From the POV of an industrial designer and artist, I seek to create products you can't get anywhere else, so I'm not competing within mu Niche.
I have wondered about pricing many times, and came to the conclusion that I will charge a bit more than what seems reasonable. I'm just a hobbyist, so this way I get "good" profit without having to print something every day. Also, some of my products are unique, in the sense that you can't get them anywhere else. The price on one of these unique items I sell is over 40x the material cost.
I used your quote on your website and never got a confirmation email. Also I sent two questions via your form and still have not received anything. I checked my spam and trash folder and it is not there.
I need to clarify, I used your quote and ordered a part, but never received any confirmation. The money was taken out of my account. Also, I assume the quote included shipping. It would have been nice to have a breakdown of the numbers or something to confirmation for both parties
I thought about selling prints on etsy. I however decided not to because in order to match prices I'd be paying myself like 5 bucks an hour. The current price of prints there is horribly low.
Etsy sends to have been taken over by a-lot of mass produced item and larger business’s. Seems like it’s more customized and niche Amazon more then anything
Any long term plans to open print farms in other countries? EU perhaps? Maybe franchise farms?
Yes
Wish my quote was answered!! I understand busy!!! I also have 3 customers looking for BULK orders so my quote was a test.... for my wrench....not even a no thank you........maybe next time.....
It feels a bit cheeky to include the price of labor in your "landing cost", as well as your profit margin, but if at some point you have to bring someone else into help, like you said, you don't want to be raising the price every 5 minutes, so I guess it's probably for the better at the end of the day 🤷🏿♀️
your little arm robot site isn't working right now. this is the one linked on your kickstarter page. looks like an SSL issue.
Would love to see a video showing how you post-process your 3d printed parts. It takes us forever and we're just a small scale seller.
I’ve noticed that models loaded on bambulab maker world platform and linked to the Chinese maker world instance get taken and produced and sold on the Chinese Taobao platform. Quite a crazy thing that people will take works of others given away for free and then they make money off it. Is that ethical ?
I just raised my prices alot because in 99% of cases I sell B2B and figured they do not care so much about the price lol
Extremely insightful. Thank you for the courage of explaining it.
apple.... quality? value? get real. i suppose after all the great advice, some awful things also must eventually said. i advise you to rethink your measure of apple products
Do you have plans developing a plugin for Wordpress? :)
Sounds like a fire alarm needs new batteries lol
I wish i got a quote from slant
Slants print count ?
Interesting
Hello
Why don’t you guys talk about 3D print force? It’s the best way to price your products and take in everything into account
Did not watch the vid to know its a good one