Reply by eflanders

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Posted on Business question

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313 posts in 2024 days

#1 posted 07-19-2018 05:57 PM

Your product portfolio will be determined by your target customers /market. Your competitors will determine your pricing. Trying to learn what will sell at a decent profit is one of the hardest things to do in business. I’ve made both large pieces and small items trying to find a good niche at a price that makes it worthwhile. So far, while I have established a very good reputation, no particular product I’ve made so far has been definitive as a high demand niche product. Thus I have been unable to rely on the income derived so far to support myself on woodworking alone. Keep in mind that repeat sale items also mean repetitious work and you need to have a completely different work layout and process than doing one-off custom work.

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