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How to make Money and Price your Laser Engraving Work

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Today I share How to make Money and Price your Laser Engraving Work.
Hi, I'm Matt! Along with my wife, Sara and our 4 kids we are fulfilling our dreams of becoming more self-reliant. We support our dream by working from home running our laser engraving business. I have been getting a lot of questions about how to price your laser engraving work and make money so we are sharing our "secret" formula.
Etsy tool: salesamurai.io/ Use Coupon Code: MATT20 for 20% off
xTool (Diode Starter Laser): www.xtool.com/...
Best book for beginning your business (Hard copy or audio): amzn.to/3ehpGZ1
Join the Private Monthly Product Roll Out Group: / laserengravingwithmatt
Etsy shop with SVG & PDF files for sale, EngravingwithMatt: www.etsy.com/s...
Join us Fridays for new videos!🌻
Check out our vlog channel, @Matt & Sara (New videos M-TH): / @mattsara2802
Don't forget to LIKE, COMMENT & SUBSCRIBE!
Click that 🔔 to be notified when our next video comes out!
Matt & Sara
Shop our favorites:
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3D Printer: s.zbanx.com/r/...
Starter Laser Engraver xTool: www.xtool.com/...
Powder Paint: amzn.to/3Nhq5qS
Gasket Making Material: amzn.to/3ls4C2h
Blue Tape: amzn.to/3FNzS3a
My favorite LA's Totally Awesome Degreaser: amzn.to/3tGhmaT
Super Clean Degreaser: amzn.to/3oIvBt5
M8 Fan: amzn.to/2Z08qQr
External Hard Drive: amzn.to/32OVoqy
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💡 Lightbox : amzn.to/31h1GLC
Corel Draw Software: amzn.to/3pG3wzW
Sandpaper Blocks: amzn.to/3pVQVrV
Transfer Tape: amzn.to/37OizRn
Clear Coat: amzn.to/2LOM3qr
🖨️ Our favorite label printer the Rollo: amzn.to/2IVCVyV
🏷️ Flat 4x6 labels compatible with the Rollo printer: amzn.to/3pMawvO
📸 Camera: amzn.to/3iuYsLE
🔺 Tripod: amzn.to/2QgipJM
Scale: amzn.to/37IE2L7
Drop us a line ...
Matt & Sara
PO Box 9
Carver, MN 55315
Send Business Inquiries to: homesteadingyt@gmail.com
DISCLAIMER: Links included in this description might be affiliate links. If you purchase a product or service with the links that we provide we may receive a small commission. There is no additional charge to you! Thank you for supporting us so we can continue to provide you with free content each week!
Music: Courtesy of Epidemic Sound
#laserengravingbusiness #laserengraving #laserengravingforbeginners

Опубликовано:

5 сен 2024

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Комментарии : 173

@chezter03 Год назад

Oh i like what they said... "your work means something to someone out there" it's a very very good reminder when i overthink if I am overpricing my handmade products! Thank you guys. now I am a new subscriber!

@freman Год назад

I do this for 3d printing too, the printer gets $2 an hour, the power company gets 20 cents an hour, I get $1 a minute, filament gets charged out at twice what it costs me to buy, multiply everything by 20%... Unless I'm printing scraps for 'community things' then it's usually a gold coin.

@SaveTheSunF1R3x Год назад

this is the exact thing i do for 3d printing. which is hard information to come by when starting out so if you come across this remember it!

@bschremp Год назад

You covered what I call Time and Materials, you did a GREAT job explaining it. You did not talk about overhead. • Rent • Electricity • Supplies to clear your machine • Water • Trash • Everything that is not Time or Materials.

@bigfranksworld 10 месяцев назад

I know you said that you had a bit of profit in your runtime, but the business needs to make profit for itself. Your laser isn't the only thing you have that may need to be replaced. Also, it doesn't sound like you are making any money on your materials. Technically that means you are loosing money on them as you have ordering time, time looking up products or at least new products, etc. Just a couple of things I have found (not in the laser business) that had helped me stay in business. Thanks for the video. I certainly picked up a few thing from it!

@flyingmonkeys9774 Год назад

I love your way of thinking. Time is money! Why can't the general public get that into their minds though. People in a salary job especially don't understand the concept. They get paid irrespective of how hard they work. They also get paid if they are sick, on holiday and on public holidays. The money just automatically goes into their bank account each month. Naturally for self employed people it's a different story.

@theoceanfrog 3 месяца назад

Okay, you are one if my favorite RU-vid channels on ANY topic out there. You are so clear, honest, practical, direct, charming, and dedicated to the mission of making the world a better place through the example you offer. This is an exceedingly rare quality to find in human beings. We are kindred spirits. While, I have had a formula in mind like this for the business I am just getting started on (the xTool P2 arrived two days ago); just seeing it spelled out like this, encapsulates it into an easily-memorable nugget. Great!!! Lastly, I LOVE that you mention (though perhaps not explicitly - could do a whole video on this, I think): "Do not check out the competition's prices until AFTER you've determined your lowest possible cost." I would have definitely been allowing the marketplace to give me my starting point - and, it is clear that is a recipe for disaster. Thank you, whank you, thank you! Lastly-lastly, you are funny without trying to BE funny; no prepared jokes or scripts. As a professional performer and teacher, I'll tell you, this is an incredibly rare quality. Makes you watchable and entertaining without you needing to do much extra work to become so. YAY!

@dgperforms1 Месяц назад

Im new to all this. Havent even bought a Laser yet. I do some woodworking and looking at a Laser as a side hustle. Want to develop a decent side hustle to help in retirement in 5 years

@CruiseMonkeyGames 5 месяцев назад

I've been in involved in a lot of businesses so most of this is pretty familiar to me however laser engraving is a new field. Doesn't hurt to hear the basics. We're looking to get into the custom market rather than mass produced items. The markup in some of the Segments we've identified is incredible. It's crazy what people are willing to pay to have their name etched on… Place name of it here… Especially here in Southern California. You two are an absolutely adorable couple and I'm so happy that you are successful in this business and you are working together with no hint of murder in your eyes.😂

@112233445566778899xx Год назад

You two are great. It's just not possible to hold quality at high level when you're not honest about all the costs - and the worth of ALL the work. You are. That's why you're in business & doing well. I wish all the best to you.

@laserengravingwithmatt 11 месяцев назад

Thanks 😊

@NerdFiles 2 месяца назад

Thanks for this. Helps with some clarity as I'm just starting, just got my first laser this last weekend and it's been my first week just running tests. I already had someone ask me to do some work after showing them my tests and asked how much, I was struggling 😅. This will help me to price going forward as I feel comfortable with the suggested price after I ran what I thought were my values for the price.

@laserengravingwithmatt 2 месяца назад

Welcome to the dark side 😃

@bryankia 2 месяца назад

So what you are saying is compete on price :). Thanks for your time. I am about to pull the trigger on my first laser and I have no idea how people are making money with some of these low prices. Lucky for me it will be a hobby that I hope “pays” for itself. Congratulations on all your success!!

@giddensre Год назад

Thank you for the explanation. World needs more people like you both. Wanting to help people and build people up, instead of wanting them to fail.

How to make Money and Price your Laser Engraving Work

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