This may come across as frightfully negative, and maybe there are those who have, and continue to make a good living at it, and enjoy giving up time to have stalls at craft fairs etc, or to wait for the orders to come in on an auction site/website (then pack and post them). If it’s marginal extra income, just as there are those who enjoy having a table at a car boot sale, then fine, but don’t expect to make even the minimum living wage, when all costs and time are factored in. The 'opportunity cost' of such activities is the lost opportunity to do something else which would be more financially rewarding, but maybe less enjoyable or fulfilling. The enigma can be that as hobbyists, what are we going to do with all the stuff we turn - let it all pile up, or scale back an activity we enjoy so much?
What seems to happen with woodturning, (as with other crafts), is that initially, someone fancies it as a hobby, starting off with 'all the gear & no idea' - inexperienced, but full of enthusiasm. Over time, when they've turned enough little projects such as mushrooms from branch-wood or whatever, they gain experience and expand their ‘repertoire’, making pens, little bowls, bigger bowls, lidded boxes, clocks, bud vases, fruit, light pulls, Christmas baubles, garden dibbers, honey dippers, flour scoops, door wedges, salt & pepper grinders, small toys such as colourful spinning tops etc. Initially they give them as presents to friends, acquaintances, relatives, co-workers, all of whom are appreciative, but they only want so many pens and other ‘nick knacks’.
The enthusiastic hobbyist enjoys turning so much that items start to pile up and they need to do something with them, so they start thinking about craft fairs, market stalls, auction sites, a website etc, to sell their wares and at least cover their materials costs, so they can continue to enjoy the hobby. At best, from a pricing perspective, they’re only likely to recover the cost of timber and consumables, but not the time involved in turning, sanding and finishing items to a merchantable standard, which are aesthetically pleasing, stand out from the rest, and could be bought perhaps as Christmas or Birthday presents.
To do it as a paying concern, as well as the time, materials and consumables, you must structure in the time and costs involved in marketing them – a table at a craft fair, market stall, travelling time and costs. When it comes to finishes, if they’re say salad bowls, they must be food-safe, and if toys, must be toy-safe. You will also incur such costs as Public Liability Insurance.
The national adult minimum wage in 2024 is £11.44 per hour (10% higher than last year), which equates to £457.60 per 40-hour week. However much you enjoy turning, from a financial perspective, are you prepared to put in all the time and effort needed, yet earn less than the wage that someone who collects up the trolleys in Tesco’s car park gets paid?
Price wise, to take pens for example, let’s assume you can turn and finish one in half an hour, and let’s say £6.00 for your time, (National Minimum Wage), plus a pen blank, a pen kit, and consumables – perhaps another £5.00. A Google search on ‘hand-turned pens’ will bring up page upon page of pens at low prices, which look very presentable, many of which can be laser-engraved to your wishes, in a laser engraved box, from £12.00 upwards. Etsy is awash with them. Sure, there are more expensive ones, but how many people will pay say £35+ for a pen at a craft fair is debatable. Not many would be my guess. If you turn a small fruit bowl or whatever, which you might have asked £25 for in 2014, Taking account of inflation, you’d now need to ask £37.50. Will the market stand that? If you want to stand out and differentiate your turnings, you may get into texturing, piercing and colouring. Extra time, plus equipment such as a compressor, air brush, texturing tools.
In a nearby town there’s a gallery at which the wares of local artists are displayed. Pictures, limited edition prints, ceramics, glassware, knitwear, silk scarves, hand-made greetings cards, and some wood-turned item. It has a nice café, and occasional exhibitions, so we visit it from time to time. The wood-turned items are from sustainable timber, the turner has is CV on display, and business cards, all nicely done. An item on sale at £50, will include VAT, so the base price would be approx. £42.00. The gallery takes 40% (£16.80) leaving £25.20 for the turner for his time, materials, consumables. Sadly, the items on display aren’t turned to a particularly good standard – sanding marks, dimples and pips in the base of bowls, uneven wall thickness, uneven transition of curves, not very aesthetically pleasing shapes, no 'wow' factor. None of it seems to sell, which must be very dispiriting.
Much depends on how we value our time, whether we enjoy craft fairs etc, and what we expect to gain at the 'bottom line'. These are just my observations based on 25 years as a member of a woodturning club in which - over the years - top notch competition-winning turners have had tables at craft fairs and other events, but it's some years since any have bothered. Just too much effort for too little return.
David.