Wednesday, April 8, 2009
What is your time worth?
I make my own product and it was literally years before I actually figured out how much it cost in time and money to make each piece. I have now priced things appropriately, asking much less then a heart surgeon and a little more than a retired geezer who goes to work at Home Depot (love those guys by the way as they still know how to work) So when a person walks in, picks up a hand made, hand painted jewellery box that is priced at 20 bucks and says with disdain, 20 bucks! I could make that for 5 bucks, I sidle on up and and agree with them, say it does seem like a lot and confirm once again what they said: so you can make this item for 5 bucks. Their guard is down as I have been a friendly and agreeable fellow and they say sure, I can make that for five bucks. So I order 100. I'll pay cash! When can you deliver? The smart ones, and they are few, get the point right away and sometimes are apologetic; we all say things we don't really mean once in a while so I cut them some slack and we can still be friends. The dumb ones can be strung along for quite sometime as they slowly become even more ridiculous, actually making excuses as to why they couldn't make them right now. I have gone so far as to offer them, and their children. an application for employment in a sweatshop in India where I'm sure it would cost even less than 5 bucks to produce a cheap knockoff. Everyone values their time but often not the time of others. We should all be paying more for our consumer goods (shoot me now) Luckily more and more people support their local economy to the benefit of their community. They understand that 20 bucks spent at home stays at home and really represents more than that as that same 20 gets spent all day. I'll use it for food and my local grocer might then use it for repairs and so on. How you spend your money is a political statement. Do you want your decedents working in sweatshops to provide consumer goods for the Chinese middle class because we forgot how to make anything. Of course no one actually needs a hand painted jewellery box so perhaps I'll shut up but if you can make them for 5 bucks let me know.