ShootingArts said:Eddie,
I note that you charge $35 dollars to put on a Moori tip!!!! Why??
(yes my shock and astonishment are fabricated for this post but I'll get to the point now)
Moori tips cost me six to ten dollars depending on where I buy them and the quantity I buy them in. So you charge $25 or more for a five to ten minute job. I'll assume that you are a little slow and spend 12 minutes and you only make $125 an hour to install Moori tips. To paraphrase your words, why isn't that raping the customer? You aren't charging anywhere near $125 an hour to make a stick. Well, for one thing, some of those Moori tips are bad and have to be replaced despite being installed perfectly. Some delaminate during installation too so the customer pays for the ones that never get played with.(any business has to turn a profit so the customer pays for all of our overhead in the end) Aside from that, the cheaper sticks are subsidized by your repair work and the "extras" because you said you do this for a living and the money doesn't come out of thin air. At the end of the year most of us have roughly the same living expenses and regardless of how we do it we have to net a living or go under.
I also suspect that you work out of a backyard shop and alone or without legal employees. This isn't a slap, some of the finest customs I have ever seen came from such shops. However the cost for a shop and one legal employee, before I ever pay him a dime, is about $35-40 thousand a year. This is utilities, rent, and insurance. Almost every legal shop that is in a commercial location has very similar or higher expenses.
My state collects an inventory tax on all of my wood, ivory, and other materials I have sitting here aging too. Of course the usual licenses and such are required. Cost of consumables and replacements of tooling that wears out has to be considered too and that isn't small change at the end of the year. We also have the inevitable waste when we cut into stock and find it isn't usable. I buy maple shaft blanks for $6-$8 dollars apiece. Sounds great but I would gladly pay three to five times that if someone would guarantee I got a completed shaft out of every blank. Few make it to the final turning despite the fact that my shop stays climate controlled 24/7 365 days a year just to protect my wood and other stock, adhesives, and finish materials. Another cost many businesses don't have. I purchased several hundred dollars worth of adhesives I didn't use last year. Can't use them now, I can't risk using them in a cue after six months on a shelf. I'll use these for household glue or give them away.
There is another issue too. My sticks are put together with far tighter tolerances than a production cue or many customs. This translates to extra time for each cue and yes an occasional rejected piece that most makers would accept. I have thrown away pins and inserts by the handful and I have exotic and plain wood stock sitting on the shelves that will eventually be given away or cut up for animal calls because it isn't going into a cue with my name on it.
Although some expenses are equal, many are not and "cottage industry" shops can operate at a small fraction of the cost of a business and in some cases do turn out top quality cues. However the cost of making a cue in a backyard shop, often as a hobby or extra income project, is absolutely no indication of what fair market value of a cue should be.
Hu
mantis99 said:I think thta makers such as wheat and Dominiak show that prices over $400 to $500 are really for name and appearance. I have seen basic playing cues that cost $1800 with no added inlays or decoration. The person bought the cue from a well known maker, and was obviously paying a lot for his name. Being that this was his playing cue, I can not see how it is worth that. I just don't think it was that much better than a good playing $400 cue. I imagine it will hold value better, but was it really worth $1800???
ShootingArts said:If a man pays notes or rent on a shop and runs a legal business paying taxes, licensing, and all the things that go with running a business he can't earn a living making $400-$500 sticks full time. This is assuming that this is all he does and he has no other incomes or sources of support. Someone who is retired or has other income and has a backyard shop with no real utilities, rent, or other expenses can do OK at this pricing, especially if their home is paid for. However it isn't realistic to think that every cue maker will be a backyard builder or have a commercial building paid for.
Exceptions to everything but for the most part cheap cues have to be made cheaply. I bought a cheap cue a few years back mostly out of curiosity. This was a semi custom, I specified tip, cue length, and weight and had to wait for it to be made. Seemed OK when I got it.
The first discovery was the shaft was garbage. Then the insert pulled out of the shaft before I had time to replace it and I discovered that the hole in the shaft for the insert wasn't threaded. A straight hole had been cut of a size that the insert barely scored the wall as it was threaded into the shaft and then it was glued in place. No big deal for me, I made a new shaft. UG-LY! The pin in the butt was way off center. Now I have to remove the pin,(discovered it had been cut in half with only about an inch of thread in the butt) get the butt running true in my lathe, core the butt for a few inches, install a maple dowel, and put in a new pin. I wasn't happy with the joint collar work either so I replaced the joint collar too.
What this all means is that my cheap cue was pretty danged expensive since all I really got for my money that I could use was a plain piece of wood and a rubber bumper. I sometimes see the same cues being spoken of highly on this forum. A lot like some sausage, ignorance is bliss!
Hu
DeepBanks said:The truth is hard to swallow . . . but truer words have never been spoken.
WheatCues said:Hu,
Yes I converted my carport "garage" into my shop and my overhead costs are minimal and do not require a warehouse to build cues...so I AM in the position to sell at a lower price...
But that was not a considering factor when I approached the market with my prices, I was only considering material costs and labor, nothing more...
I'm all about the customer when it comes to building cues and especially since I'm breaking into the market on a national level... I need to insure affordabilty and quality becasue I want volume sales... I simply want everyone to be able to afford a nice tool that will help them increase thier overall performance without having to call a finance company or mortgage the house to be able to buy one !
And by the way Hu, Mine and Pete's repair prices are very reasonable and even though we are locked in on certain repair aspects.. there are the remaining services that are underpriced in my opinion... so there is a balance.... remember we can do EVERYTHING when it comes to any kind of repair or broken butt... we have zero limitations in that dept. and the quality our work is consistant and excellent !
- Eddie Wheat
ShootingArts said:Eddie,
I think you made all of my points well. First you are only considering material costs and labor when building a cue. That is only a fraction of the normal cost of doing business. Also you acknowledge that your profit on different things varies widely. You undercharge for some things and some things you make a very nice profit on. If we could all just put on ferules and layered tips nonstop eight hours a day for six months out of the year we could all meet up and spend the other six months in Tahiti.![]()
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You choose to sell cues based on material costs and labor and make up your overhead other places. I choose to try to make the same hourly return building butts, cutting shafts, or doing repairs. Neither of us is wrong in what we do, it is just two different business models.
By the way, as we both know $35 is a reasonable going rate for putting on a Moori in your shop. At an event you might have to charge fifty dollars because the venue normally gets a cut. However, I have a little difficulty understanding why the market allows $29 or more mark-up for putting on a layered tip and usually $9 for putting on most nonlayered tips. We don't lose enough layered tips to justify the difference in price nor is there any significant difference in the time to install each. It is purely market demand that you object to in complete cues that makes the premium price to put on layered tips possible. Of course if we don't make the money there, we do have to make it somewhere else.
Hu
WheatCues said:You are correct and thank you !
I share the same inquiry for the justification as well when it comes to that particular subject regarding tip prices....
Hu, I really love what I do, just as you do.. and as you said neither one is wrong or right we just operate differently... and that I guess my question is why can't more operate on less of a nut just to pass the savings on to thier customers ?? it seems like it's a warranted request !!!
We all make money or we wouldnt be doing this on the level that we are.... the question is how much does one need to make without compromising his/her lifestyle ?
That is the defining aspect of each professional cuemaker and should NOT let the price dictate craftsmanship or reflect on it's quality simply because I have less of an overhead and are still able to produce the same high quality of work any other reputible professional cuemaker builds.....
Sincerely, Eddie Wheat
ShootingArts said:Eddie,
We are at a point of total agreement here. Time for me to dog it off. I have a few errands to do and then I'm headed down to New Orleans to meet with good friends from out of town and have some of the best seafood this side of anywhere. My extracurricular activities are pretty rare since I do enjoy what I do every day but there are times for splurging!
Speaking of which if you find yourself down this way, we'll get together for some seafood and a BS session. Maybe even find a ball to hit.
Hu
WheatCues said:I really have no lifestyle and don't require a bunch of money to sustain me,
I haven't been out on a date in over 3yrs.
SO now that you know just how pathetic of a lifestyle I chose to lead....
is there any mystery left to why I want to give
my customers more than they expect without having
to breakout the K-Y to get it !
Im on a mission........ lol !
Thanks, Eddie Wheat
CocoboloCowboy said:DeepBanks who made that Cue pictured below??
JoeyInCali said:Wait, a fullsplice Tucker cue for ..... $800.
It's funny how some people place value on other people's belongings sometimes.ridewiththewind said:Poor Joey, always a bride's maid; never the bride.![]()
Lisa <====knows at some point, she'll pay for that one...LoL.![]()
JoeyInCali said:It's funny how some people place value on other people's belongings sometimes.
OK, $850.
bumpypickle said:Who cares how much a cue costs? If you can afford it and want it then buy it. How can anybody put a hourly rate on an artists time? What makes a custom cue cool is the fact that it is custom and not that you saved a few bucks. Buy what you want and don't worry if a bunch of broke people tell you you overpaid.