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Are you being too cheap on yourself?

Skilled Do-It-Yourselfers achieve their end results at zero cost so often that it starts to become a habit. A good friend of mine actually has a "zero cost policy" - when a job falls under this category we are only allowed to work on it with materials we already happen to have lying around or that we collect by the side of the road during council cleanup time. I am not disputing thriftiness. If you are making things to make do on a tight budget, then power to you. Necessity is the mother of invention. However, if making things is your hobby which brings you pleasure, perhaps you should consider spending a little more on it. A classic example of being too cheap are homebrewers. Early on in the career of every homebrewer, the urge is there to work out exactly how much it is costing to make a bottle of beer. Many people try homebrewing because they are told how much money they will save. But realistically, if you value your time at all, its still probably cheaper to seek out low...

Making Money out of your Hobby

Visit any country town in Australia and somewhere you'll find a few items from the local woodturner for sale - usually priced under $20 and gathering dust. As often as not, the craftmanship is excellent and the finish is flawless. Yet these items seem to sell like used VHS tapes - that is, not well. Knitted tea cosies and baby booties always seem to find their market, but for sake of argument lets assume you don't plan to trade your lathe or table saw for knitting needles just yet. A few ideas some of my associates have kicked around recently: 1. Make BIG things One correspondent reports his breakthrough came when he started making large items which psychologically people thought must cost more. They were happy to pay hundreds of dollars for a big item of common furniture. In contrast, would the average customer in a gift store have any idea about the number of hours you have invested in an intricate item. 2. Do custom jobs If your work is of a high standard, most people would...