One problem with your cost and time estimates is you show 17 or 18 of the same name. In reality the bag tags will be all different names and the table place settings will all be different names. So your quantity per sheet may vary, and you will have 17 times more design time. If each name takes you 5 minutes to design, that's 90 minutes of labor you have to add in - not including any assembly or clean up time. If you're fussy about the designs looking good and spend 10 minutes each name, now you're up to 180 minutes (3 hours) of just design time. How long does it take to clean, assemble, and package each order? That labor needs to be accounted for as well. Also you didn't account for the cost of the tassels and clips on the bag tag key rings. So in reality the high dollar numbers you are saying you can make in 4 hours is not accurate without accounting for all labor and we didn't even get into overhead, wear and tear or maintenance on the machine, cost of advertising or marketing and so on. However entertaining videos like this are, they cause people to try and jump on the bandwagon to make a quick and easy buck, they fail to do so and then try to sell their equipment 6 months or a year later.
I stopped after the place setting. I don't think people are going to spend $100-$150 just to put names on the plates before a meal. There would be a decent amount of finishing on these. I wouldn't want a sooty, laser cut wood edge on my dinner plate.
Have to agree... The keychains were the first thing I made with my laser. I could probably bang them out real quick now. In fact I sat here with my 11 year old and talked him through making one for his friend. Real easy to make.... BUT, am I going to sell THAT many? I am certainly not going to sell them for $13 each. They are a $2 or even $5 trinket at best. Batching stuff out like that means you are just going to have stuff sitting in boxes or on the shelves for (potentially) years. It is a bit misleading to say you can make $1,000 per hour for 4 hours work.... You have to actually sell the stuff to make that money
I think you should consider the cost of electric to run the Gloforge, your time spent on set up, the cost of packaging and finally the value you place on your time.
Totally agree - I usually sell these locally. Which means, I don’t spent anything in shipping and or packaging. But yes - I’d definitely account for that if I was shipping it. Probably should have mentioned that I sell them locally!
She's not talking about a 4x8 sheet of plywood. The "sheets" as she calls them are only 12" x 19". A full 48" x 96" sheet is $180 at Smokey Hill Designs.
@@justonemoreproject You need to explain your definition of "sheet". A standard "sheet of plywood is 48 inches wide by 96 inches long. That size costs $180.00, not $9.00
Finding the number of customers is the hardest part
Especially if your charging 13$ per keyring 😂
Exactly
@@Dr__Evil__ it's really not that bad. Have to value your time.
One problem with your cost and time estimates is you show 17 or 18 of the same name. In reality the bag tags will be all different names and the table place settings will all be different names. So your quantity per sheet may vary, and you will have 17 times more design time.
If each name takes you 5 minutes to design, that's 90 minutes of labor you have to add in - not including any assembly or clean up time.
If you're fussy about the designs looking good and spend 10 minutes each name, now you're up to 180 minutes (3 hours) of just design time. How long does it take to clean, assemble, and package each order? That labor needs to be accounted for as well.
Also you didn't account for the cost of the tassels and clips on the bag tag key rings.
So in reality the high dollar numbers you are saying you can make in 4 hours is not accurate without accounting for all labor and we didn't even get into overhead, wear and tear or maintenance on the machine, cost of advertising or marketing and so on. However entertaining videos like this are, they cause people to try and jump on the bandwagon to make a quick and easy buck, they fail to do so and then try to sell their equipment 6 months or a year later.
@SDIVADesigns and her $13 dollar keychains look just like the ones my wife makes and we struggle to get more than $2 each fo
I stopped after the place setting. I don't think people are going to spend $100-$150 just to put names on the plates before a meal. There would be a decent amount of finishing on these. I wouldn't want a sooty, laser cut wood edge on my dinner plate.
Have to agree... The keychains were the first thing I made with my laser. I could probably bang them out real quick now. In fact I sat here with my 11 year old and talked him through making one for his friend. Real easy to make.... BUT, am I going to sell THAT many? I am certainly not going to sell them for $13 each. They are a $2 or even $5 trinket at best. Batching stuff out like that means you are just going to have stuff sitting in boxes or on the shelves for (potentially) years. It is a bit misleading to say you can make $1,000 per hour for 4 hours work.... You have to actually sell the stuff to make that money
Cool. What was that word on the first key ring supposed to be? Some of these fonts get way out of hand.
Great video!! I have an old chinese diode laser and looking to upgrade. loved that you explained the price breakdown.
Reach out if you need any help deciding what to upgrade to !
You have a great presentation style! Very clear explanations of process and profit breakdown.
Thank you! ❤
Yes! So glad I found your channel.
I think you should consider the cost of electric to run the Gloforge, your time spent on set up, the cost of packaging and finally the value you place on your time.
Totally agree - I usually sell these locally. Which means, I don’t spent anything in shipping and or packaging. But yes - I’d definitely account for that if I was shipping it. Probably should have mentioned that I sell them locally!
Thanks for sharing. Do you recommend certain wood for items that will be painted
CTRL or CMD+F to paste in place will make your life much easier.
Thank you. Where do you purchase your acrylic?
I love getting my acrylic from Houston Acrylic !
Can you tell me what size is your keyring wholes please Also what font did you use for keychain ?
I usually make my holes about .25 inches. But this depends on your keyrings too ! Fonts are from KA Font Designs - I believe it’s called Tangerine !
Sheet of plywood $9 - what and where are you finding plywood for $9? What size of wood are you using and type?
I usually buy wood sheets from Smokey Hill Designs (1 sheet of walnut or sapelle $9!)
She's not talking about a 4x8 sheet of plywood. The "sheets" as she calls them are only 12" x 19". A full 48" x 96" sheet is $180 at Smokey Hill Designs.
@@justonemoreproject You need to explain your definition of "sheet". A standard "sheet of plywood is 48 inches wide by 96 inches long. That size costs $180.00, not $9.00
@@903SideHustle yes that was what I was seeing also