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You could look at it this way - your time is worth what somebody is willing to pay for it. If you don't have a job and can't get one, your time is worth $0. I

You could look at it this way - your time is worth what somebody is willing to pay for it. If you don't have a job and can't get one, your time is worth $0. If you get a job a MacDonalds you time is worth about $10 an hour. If you make products, your time is worth what you can sell the product for divided by the amount of time you worked on the product. There is no upper or lower limit. Some people make $1M a year, some make $0. Update. The real question is, "Should I keep making furniture given how well it sells, or should I go get a job at MacDonalds?". There is far more than money to consider in that question.

mauvehaus 5y ago
McDonalds, shit. I used to write software. There's definitely more to it than the hourly rate. Just the same, it's a good thing my wife's job offers good health insurance :-) Back to pricing though: I shoot for an hourly rate when I quote things knowing full well that sometimes I won't hit it if I run into unanticipated learning opportunities. Sometimes I price myself out of work/the customer doesn't have a realistic expectation for what a thing should cost. It is what it is. Hilariously, I have a friend in the trade who's married to a pricing analyst. He has as much trouble pricing his work as anybody else I know.