bubsbug said:Paul, No offence but this is exactly the attitude that I spoke about in another posting. Who Cares what you have investedie, time money, equiptment. The end product is what really matters the most. If someone else made the exact cue in half the time with less cost in material should he get less. This type of attitude has to go by the wayside!!!!!!!!!!!
IMO, 1) "Who cares what you have invested?"
1a) The obvious answer here is: Paul does. He has put himself and his financials at risk, and he needs a return on his investment. In business, you have to look at what money is going out (overhead) and charge accordingly to make sure you cover that, and HOPEFULLY make a profit.
2)"If someone else made the exact cue in half the time with less cost in material should he get less?"
2a) There are two schools of thought here. The first (as evidenced by Mr. Wheat) says yes, you should most assuredly charge much less. The second, (as evidenced by the oil companies) is no, you should charge whatever the market will grudgingly allow.
Personally, I think that most companies that are putting out a limited number of their product (in any industry, not just pool cues) should put a number on how many items they are going to produce in a year, and stick to it. You always want your customers wanting more, so try and leave that number (5 to 5,000,000) just short of the demand. If you do that, then the secondary market will tell you what you should be charging for your work. If you grossly underestimate the demand for your cues, or if they increase because of sudden popularity, then increase your numbers for the next year. If you overestimated, and have cues left over, then keep them in stock, and adjust your total production for the next year to be lower. Simple supply and demand.