Pricing Jigs?

[Kasilofchrisn]

Just curious how you guys who sell tackle price your stuff?

Do you use a percentage over cost? If so what percentage do you normally use?

I can ballpark what my jigs cost me in materials but how do I account for mold cost and such in regards to the price?

Especially since most of the stuff I would like to sell is from Custom CNC machined molds that cost me a lot more that your standard Do-It mold.

I was thinking of using comaprisions with jigs for sale online but being some of the jigs don't have a lot of comaprables that sometimes becomes difficult.

I am talking about my Larger saltwater jigs mostly some of which are over 20oz in size.

When selling multiple sizes of jigs in the same designs I am guessing you just increase price a set percentage per size? Some of my mold go up 2 oz in size at a time so it would have to account for that. For instance I might make one in 2,4,6,8,10,12,and 16oz. or 16,20,and 24oz

Any help would be appreciated.

Edited November 21, 2013 by Kasilofchrisn

[dlaery]

I don’t know the proper way to do this but this is what I
do:

 

I put a price on every operation or motion, Load hook, load
wire, pour, unload mold, break off, counting, painting, assembly, packaging, etc…
I try to establish how many I can do an hour and then figure what I want to
make an hour. If you keep track of your time for say 10 min.  to see what you can do and convert to an hour,
someone told me in production you won’t be able to do that many in an 8 hour
day, so you take that times 80% to get a production number.

 

I figure the cost of the lead. Once I have a cost of
production, I add margin,  It needs to be
a minimum of 30% IMO, then add FET., Shipping, insurance

 

I wouldn’t fudge on my cost of production, cause for me  things come up that I didn’t have figured in.
You can fudge on your margin If you are trying to compete.

 

I guess the other thing you asked was about cost of mold.
How many parts will it do in its lifetime and what would it cost to REPLACE the
mold. Convert you cost of mold to a per each jig price and add to cost of
production.

 

If you keep any inventory from year to year, you need to
subtract the cost of your inventory from you expenses to get a cost of goods
sold, so you will know how much you made. If you use and accounting program
like Quickbooks, and is set up right, you would be able to know how much you
make daily, weekly or by job.