If we were competing for a job in my area and you were charging $40 an hour we would be having some lively conversations. The lowliest fab shop with a little wire feed welder charges more than $40 an hour for their "metal work". I haven't seen your work.but you're too.inexpensive. Some experience will educate you better than any of us. It is a difficult calculus to determine what the market will bear, what is a fair wage for you, what can you expect to sell and how often, and the demographic of your customer base. What I'd really like is to sell ten $100 items in the same time that I usually sell the ten $10 items but that doesn't happen too often. I'd rather sell ten $10 items than one $100 item if I have a choice. If I add too much the unit prices reach a point that the only people who can afford my work are those with too much money and not enough sense. The overhead costs are included in the hourly cost which is why the hourly costs are often so high. I follow the model of most proffessionals who charge by the hour, attorneys, doctors, engineers, etc. If the materials are more than say, about $5 I will not add much for material cost. Generally, the material cost for my projects is nominal.
If an object takes a half an hour to make it is $20, either wholesale or retail. I usually figure $40/hour is reasonable for a craftsman of my skill. All I have to sell is my time and the skill experience has given me. I price my work on the basis of how much time I put into it.
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