Production Smithing Tips & Tricks
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- Опубліковано 16 сер 2023
- Production smithing can earn you lots of $$$. Here's Roy's tips for making money blacksmithing. If you are interested, you can pick up blanks at www.blacksmithingblanks.com to help you take your projects to the max!
Small Things, Big Profit: • Small Things, Big Prof...
Rule of 33: • Using the Rule of 33 t...
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Probably the only thing l could add would be the importance of tracking your time. Especially when you're trying an unfamiliar project. It can be difficult when you're in the middle of problem solving, but it really pays off later on. I appreciate your comments concerning mistakes. Really, l've learned more from my mistakes than anything else. Cheers.
Excellent explanation, Roy. You're absolutely right. I've done only one State Fair as a tagteam backup smith for when one of the regulars needed to take a restroom break. My first gig. Sales were slow so much. One left and as I was filling in the other decided to grab lunch and left me, the NKOTB, have the booth. Instinct kicked in and I went off show and made RR spike letter opener №1 with pineapple twist handle. Crowd loved it so I beeswaxed it and sold it to high bidder for a neat hundred! Warmed up things AND did the bidding thing for a few display items and made even more than asking price. That's when I noticed the other two smiths watching from the crowd and stepped up with a huge Polish sausage on grilled roll with bell peppers and onions and a big tea. Standing ovation, a flurry of tips in the jar and almost sold out.
Hey Roy! Ahhh yes the old foe time... glad you spend time talking about the REAL Stuff ....
Great video, Roy. I do want to add that part of factoring your time is the time to finish a product as well. The time to forge something is part of the equation where another part is how long did it take you to clean that up and apply a finish? Most of my products that finishing is quick, but I have some where the finish time can exceed the forge time. I feel that many smiths forget to calculate that into pricing. Oh, and let's not forget the setup time too. There's some items I have to cut out of sheet since I don't have a plasma cutter. The time involved in cutting that out and cleaning it up is another factor into time and pricing.
Great video Roy, nice to see the sponsors coming on board, RAID here we come
Thanks for the nudge to do more cold work! Makes sense to use a forge only when really needed if you can get the same result cold, and makes cleaning up the piece lots faster.
Hey Roy, I wish I had something more constructive to comment but I just want to say I really appreciate these videos and they've answered a lot of questions for me as a beginner smith and amateur entrepreneur. Thank you
Was watching an old video of yours on scrap iron for the beginner and seen some small square plates, had an idea, maybe save you some from throwing away some scraps off the cnc. When you cut out a blank, cut a square around the cutouts and sell those cutouts. Be cool for say photo frames, etc. Ya get less blanks per sheet, but, not throwing any of the sheet away if you make the square cutouts to a measurement easily divided into the width/length of the whole sheet.
Solid video. A lot of great concepts in there, especially about pricing. Thanks Roy!
Thanks for the tips Roy!
Thanks Roy, good video.
Good advice, really. I'm still very early in the business side. I wish to be sort of a traveling smith. I have a few connections in the music/art festival scene and the travel cost is one thing I'll have to figure into it all. Distance, food, board ect. 🍻
I really appreciate the frank discussions and open opinions you share with us regarding the realities of what being a blacksmith is really like, from the business aspects to the creative. Thanks for your continued service to your chosen profession. Your passion and desire to share comes through in these video so clearly to me. God bless.
Great information in this video! It should help many!
Great lesson roy. Thanks
very usefull info thanks!
Great advice!
This is a video that could and should be reviewed VG content and subject
Roy, does that math (1/3) include paying yourself for the day at the craft fair? Or just for the making?
I'd imagine you have to take the cost of being at the show into consideration (including lodging, food, and travel), when setting up pricing, and how much you need to sell to make it worth your while.
He's talking making the item. Craft fairs are tough as they eat into your profits and you really can't account for them when it comes to pricing your product. I've made items that sold within 5 minutes of being at a craft fair and others that I dragged around for 6+ months before they sold. There's just not accounting for that time when it comes to pricing your product.
Craft fairs will lower your hourly rate but ideally you're moving enough product to make it all worthwhile. Regardless, those fairs get you seen, get your name out, and get your product in front of people. There's a value in that as well that offsets your time there.
Thanks. I wondered how much of that remaining 2/3 was estimate of production costs and how much sales channel costs.
@@forgedbythor
@@drjohn1963 In the video he mentioned he says that 1/3 would be set aside for Uncle Sam (taxes) and the other 1/3 would be used to reinvest for tools, supplies, etc.
Power company charges to much, invest in a battery bank, a converter/imverter, a generator and some stainless steel, build an HHO dry cell, bubbler, flashback arrestor, and run the generator off the HHO. After the initial costs, electric will be almost free, only expense after that is the electrolytes and any maintenance that may occur.