Why I charge $55 for this 3D printed part (how to price)

I didn't read EVERY comment but the first thing I noticed while watching your video is you never mentioned the cost of "space". Your print farm occupies space, either owned (basement, garage, etc.) or rented. I had a home based consulting business for years and part of my cost doing business was using a bedroom converted to an office. The costs of using that space are deductible by using Form 8829 (Also see Tax Topic 509), Expenses for Business Use of Your Home. It is a legitimate expense and part of the cost of goods sold.

There are three choices when analyzing the market. A: Position as superior. B: Decrease your margin. C: Choose to not enter that specific items market. The third choice should always be considered.

One thing I'll add is that as an Etsy seller offering free shipping for many years, I have realized that for whatever reason, my buyers do not care about shipping cost, they buy at the same rate whether it's free shipping or $5.50. I don't know whether this is an Etsy specific thing, where people feel more justified paying shipping on a "handmade" item, but it came as a big shock to me. I had assumed that Amazon had spoiled people and anything other than free shipping would scare the buyers off. Not the case, in my experience. Has really boosted my bottom line, since shipping was by far the biggest slice of the pie taken out of my profits. Great production value on the video by the way.

I bought your dust collection part for my miter saw and it works well. I was also glad to pay your price and hope you made money on it. Money is an easy way for consumers to benefit from your creativity

As someone who does cost accounting for major manufacturing companies - you'd be surprised how many of them cannot properly get their costs together because their ERP is such a mess.

Design cost, especially for custom orders. I do custom engineering solutions so I factor in engineering labor into project costs.

I charge $75CDN per hours for custom CAD design, if it’s a small part that would take me way less than 1hr, I charge a basic $25 when it’s person that needs an item for their hobby or small house hold part. For example I just did a small clip for a knitting machine that is no longer in production or sell parts for it. I charged $25 to design and $10 per printed clip. Any future orders for this clip for other people in her knitting guild is $10 since it’s been designed. I got extra orders for 7 of them. No one out there have that part available.

Paint it ugly green. 😂 Utilities, taxes, business licenses, rent, salary. Great honest response that the average person doesn’t realize.

Really good video. I feel like a few different 3d print farm creators have thought of this video idea but it can feel weird getting so intimate with the numbers. Thank you for demystifying some of these calculations.

Such impeccable timing! I was just asked what it would cost to 3D print a fairly simple part an X number of times, but since I don't have a 3D printing business I had no idea how to price this. But now I do! So thanks!

Thank you so much for this, I've always struggled coming up with formulas for pricing my parts... and this just makes a lot more sense. I look forward to checking out the upcoming course!

My father was in manufacturing for 30 years. He worked for a moderately-large manufacturer on the production side. Material costs were no more than 15% of the sale price of a part. Normal stuff that was used on the end-product cost about 1/2 of what was charged when they were sold as replacement parts. Replacement parts for out of production products cost about double what current-production parts did simply because of the time involved in setup for very short runs.

excellent video. many people totally forget machine cost. your video applies to every maker that uses machines whether cnc routers, laser engravers etc. thank you for sharing!!

So glad you started this channel! I’ve been a fan for a long time of the Shop Nation channel. Crap. I sound like a bot…. I am working on a 3d printed product right now and this helps me a lot. We will be talking about this tonight on my show. Keep at it sir!

Thanks that's a great tool to start with. I appreciate that you left it open for us to adjust as we need.

quality of content, delivery style, production quality...........this is already a 1M sub channel in those terms. Didn't think i'd enjoy an accountancy video so much, but I did.

I once had someone give me shit on Facebook marketplace for something I was selling. “$130.00 seems very steep for something that costs 10 dollars in filament” I responded that I was selling a product, not filament. He didn’t have much to say to that.

I bought your Bosch dust chute and unfortunately it’s not worth the price unless you’re willing to provide a warranty. This product is good for the type of person who does a couple cuts a day but in a production shop I managed to blow mine up within the first two months. Per our conversation on Etsy you do not warranty your work so for me, a product that can’t stand up to production use isn’t worth it to me. If you change your policy to offer replacements, then I’d say it would be worth it but throwing $50 at something that only last me two months isn’t worth it.

this was so transparent and informative i love it hope to venture into something like this in the future

I cannot thank you enough for sharing your knowledge and experience.