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  • #49355
    maitai11
    Participant
    • Topics Started: 62
    • Total Posts: 428

    Hi Fellas,

    Just doing a little fishing here…I’m trying to get a handle on what to charge, when to charge it, etc. Are there any GENERAL guidelines to follow? What is too cheap, and what is too expensive? What should a watchmaker end up making per job, or per hour?

    I am aware (thanks Bob!) that there are many, many pieces to this puzzle. A contractor friend of mine once told me years ago, “After you do your first job, you’ll know what to charge…” At the time, I was doing electrical work on the side.

    But this is a little different. If we want to make a living at this kind of thing, then we need to pay ourselves well, while still being competitive…thus this email!

    Any formulas, tips, pitfalls, ideas, and opinions would be welcome with open arms!

    Thanks guys,

    Tim :)

    #60925
    chris mabbott
    Participant
    • Topics Started: 119
    • Total Posts: 1525

    Herein lies the issue. Unless it’s a treasured family hierloom, not many people are willing to cough up 300-600 clams to repair a $100 watch. Would you?

    Clocks seem to be a different kettle of fish, but it’s up to the owner. Demographics also play an important part, if you’re in an area where there are lots of antique clock owners, better. For some reason, Hawaii doesn’t strike me as clock county 😆 but I could be wrong.. This is where you have to do your homework, check it out, make a business plan etc etc

    #60926
    arutha
    Participant
    • Topics Started: 85
    • Total Posts: 1536

    Chris has it spot on, once you get to a point when you can do a clean and service in a reasonable amount of time just work out how many hours it took, cost of any parts i.e. mainspring and work out what you want as an hourly rate. The other thing you can do is call other watchmakers tell them you have a run of the mill waltham and ask how much they charge for a service. It will all give you a good idea of where to start.
    Paul.

    #60927
    maitai11
    Participant
    • Topics Started: 62
    • Total Posts: 428

    Thanks fellas…Paul, that is an EXCELLENT idea about calling around for pricing. Once I get serious, Chris, I’ll be doing that business plan :)

    Best,

    Tim :)

    #60928
    bernie weishapl
    Participant
    • Topics Started: 58
    • Total Posts: 1218

    Tim, Paul and Chris gave you some good advice. I would call around to several watch shops and find out what they charge as Paul said. It took me a couple of years to get to a point of what to charge for clocks. It is a process we all go thru. A business is a must if you are serious.

    #60929
    maitai11
    Participant
    • Topics Started: 62
    • Total Posts: 428

    Awesome Bernie, thanks for that good info. It’s very much appreciated!

    Best,

    Tim :)

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