 This week, we're gonna show you how we test and price new crafts to sell. What is up? Welcome back. Do you like to do a building to make it? So do we. We have a new video each week this week This week we're gonna test and price a new craft item that we're gonna sell So we're going to go through the whole process of how we determine whether or not we can mass produce Mass is loosely used term there this for our typical craft shows and farmers market We're gonna be doing a fall scarecrow porch leaner There's a few steps involved But can we do this repeatedly and take it to the farmers market and craft shows each week and still hit that price point That our market is looking for is it worth it? Is it worth it? Step one we're gonna gather our supplies and start tracking our cost So what do we need for this project? Well, we're gonna need our backer our leaner So we have a couple of options here, and I wanted to show you what they are so We like to use these little dog ear fence pickets. These are the smaller ones These are three and a half by four So this is a this is a four foot leaner not a six foot leaner and these are pressure treated But it can't find them in stock anywhere in town I can't find them in stock. We just have the two I did I found the two in the back So I can go ahead and use these but for price comparison. I'm gonna go ahead and use this One by eight. This is a one by eight common board We're actually gonna purchase or have purchased a one by eight by eight and we're gonna cut it in half So we have two four foot sections So a full one by eight is about nine dollars and eighty eight cents So half of a one by eight is four dollars and ninety-eight cents 94 cents close enough close enough And then of course we've created our little MDF kit here So we have our scarecrow eyes nose mouth and the words fall to go with it And we're into that whole kit for about seven dollars and twenty five cents So the actual materials was about three dollars and fifty cents. It took about 15 minutes to cut I pay my laser 15 dollars an hour. So 15 divided by 4 is 375 375 so we're in for a total of 725 so far on just the little face kick But we also are gonna need some paints Some leaves some accessories here. We're gonna need some ribbon for a bow tie We're gonna use some raffia to make some hair and some glue But what we're gonna do is we're gonna check how much of each of these things that we use to make our project Throughout the whole assembly process and at the end we'll add everything up and see what it actually cost We're gonna estimate it. I'm gonna estimate how much paint. I'm using we're weighing it. I'm gonna make you a every ounce It's pretty precise. We're pretty precise with this map. Yeah Step two time to make it. This is where we're gonna put it all together But we're gonna try to keep us honest on the time and only one of us will be actually doing the assembly the painting and the gluing Right typically for our videos. We will do this project together But since we're testing how long it's going to take to make each of these only one of us is gonna do it because we don't Always work arm and arm just in our videos We do a lot but Sometimes we have to work independently So we're gonna track that cost on how much it's gonna take or how long it's going to take and one of us to do it and to Figure out who's gonna do it. We're gonna rock paper scissors. Oh, I lose it rock paper scissors every time Kim will be doing the assembly I will be doing the video Let's get started So the painting on this is gonna be pretty simple I'm going to do half of him in orange and then we're going to add a little hat here. So About 25% of him is gonna be in black and then I'm gonna do like a skin tone for a face Well face and then I'll flip it because this is not a pressure treated board and we are using exterior house paint I want to flip it over and paint the whole back side in black bottom front back side to side Just to seal it It's taken 15 minutes to paint what we've done so far, which is just our four-foot board and Our MDF pieces for his face and the word fall down the front next step We're going to glue everything down onto the board and we're just gonna use this gorilla wood glue We typically use our star bond glue, but for this kit I think we could just use the wood glue and do everything with one glue. Yeah, I mean There's I mean, I guess I could use a star bond to I could do either one Think we'll glue work just fine because it's pretty flat board There's no wave no concave no convex and it's MDF wood on wood. So I think we're good. All right With the expectation that the wood glue is a little cheaper. Yes with the expectation Do a scarecrow without adding some raffia so you know, he's a scarecrow. That's the only way I would know He's a scarecrow. I purchased this four-pack on Amazon and this full four pack was about $15 This was $1.99 I got it on sale for $1 and I'm gonna just use like two or three. So this should work for At least two of them So it's looking super cute But was it worth it now? It's time to look at our total time total material cost Versus our price point. So our total materials came in at about $15 20 cents I pay Kim $20 an hour took her 45 minutes. So that's about $15 that I owe Kim So our total cost is $30 and 20 cents for this whole thing now We typically want like a 50% margin on each of these So we'll be looking at just about $45 now We usually use a pricing calculator to come up with this so that we can tinker with the Price a little bit tinker with the margins and we have that pricing calculator available on our website I'll leave the link down below. It's handy. It'll tell you your profits It'll tell you your new costs and I'll even give you the price unrounded so you can tinker with it all you want Yeah, and I'd say this is about $45. This is what we would charge. Yeah, that hits our price point It's our time constraints. What was our total time 40 minutes about 40 45 minutes I know that I can do it. So first of all, this is my first run through I know I can get that time down and I know if I do two or three of them at a time I can do yes. Yep. I can do three. I'm confident you can do three in an hour. Yes Yeah, I can do three in an hour and If I don't let you out of here, you could probably get up to four an hour It's like sweatshop it. That's it. No brakes. No brakes And I mean I used very little look how much of this Rafi I have left. This is of the first bundle So it's really a tiny little bit of materials. Yeah, to make this whole cute little stand there I think he's adorable. Yeah, I think it works out great So we'll be making a bunch of these to bring with us. Well big thanks to all of our patrons Thank you guys, you know, we love you guys and we had a great call just last night with Like a bunch of our 20-hour patrons a bunch of people joined us and yeah, we enjoyed our monthly call We enjoy our monthly calls every month. We enjoy the participation the conversation Sometimes we talk a lot of business. So sometimes sometimes we talk less business. It all depends on 50-50 we had a couple of stories, but then we also talked business. We talked pricing We talked about how other people do their pricing and what do they bake into their pricing? Some of them also bake in like booth fees consignment fees Shipping fees Etsy fees things like that our third-party type stuff. They like to bake into their pricing Yeah So if you have a small business or side hustle where you're making products, you know Patron is a great place for you to join us on those monthly zoom calls and Get some free files and some free business advice or at least how we do it How we do and how everybody else does it? Everyone is really great about pitching in. This is what I would do This is how I do it and then you know take it or leave it. I think it's a lot of great conversation I do too. I love those things. Well, we're about out of time So if you're not gonna join us for the patron after show We will see you next week where we'll do it building and make it again And don't forget about test cut Tuesdays. It's where we have a new design and we kind of do the same type of thing We see how long it takes us how much paint does it take and does the design actually work So come visit us come talk to us live. We answer questions live then too. Oh It's a lot harder with a pinched nerve in my shoulder. Yeah, I don't know if you guys could tell but Garrett Garrett can't move his neck right now so Give me this whole thing