[Jewelry making - Article 00390] - [Orchid] Pricing those custom waxes

[Kevin]

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    Top of the Morning! Would anyone out there care to share their
    formula for pricing their wax carving? I have been carving for years
    but I was always under the employ of other companies and was
    compensated hourly.Now, I work out of the house doing custom work
    for several local stores. I may be slower than some, I don't really
    know, but I'm good. I just finished a wax for a emerald cut, 15x10,
    chrome tourmaline, that is held in place by two rows of channel set
    dia.'s,one row on either side. Since the tourmaline has to be channel
    set first and then the dia.'s, I spent a lot of time getting the
    seat just right.All typical stuff. I probably spent about 18 to 20
    hours on it, I guess i need some feedback on what others are
    charging because I have this mental block about charging more than
    200 to 250 for a complex wax. Havent read Mr. Gellers book yet so I
    dont know if he covers things like wax. To those store owners out
    there who pay outside carvers for their waxes, Whats the most youve
    paid, and what is the average. I sometimes spend 40 or 50 hours on
    one, more time I'm sure than if I were 'on the clock' working for
    someone else. So, how does one balance out ones possible slowness
    with a fair price that I dont lose money on? 20 degrees this mornin
    with some snow for the skiers moving in.
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