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Thread: my kit stocks
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14th August 2012, 09:57 PM #1
my kit stocks
was working out how much each kit cost so I can work out what the pens cost in materials I made a list of qty & type of kits I have in the shed
Was shocked when I totaled up whats in my pen kit draws I have over $400
worth of different kits. Has any one else done this as a just I want to know factor. I better not tell the wife
Regards Michaelenjoy life we are only here a short time not a long time
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14th August 2012 09:57 PM # ADSGoogle Adsense Advertisement
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14th August 2012, 10:05 PM #2
Strewth Micheal I know you said you had a couple of kits but that will keep you busy for a while.
Cheers Skewturn
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14th August 2012, 10:30 PM #3
I did a tally of mine a couple of weeks ago. With pen kits and blanks its well over the $1k mark. I have kept receipts for any item purchased - kits, blanks, glues, polishes, lathes,etc and I am a bit frightened abut the outlay as compared to the 0 income.
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14th August 2012, 10:43 PM #4
One of our problems is we have to buy mostly by post,that being the case we usually get more than we need to help share the postage costs ,especially from the USA ,I for one find I can make pens quicker than I can sell them hehe,so stocks of finished and unfinished tend to build up I shudder to think if I looked in all my kit drawers just how many I would have ,not counting special blanks like laser cut ,shells snakeskin and the like . Best I remain ignorant of any grand total of stock costs Cheers ~ John
G'day all !Enjoy your stay !!!
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14th August 2012, 10:59 PM #5
Hey Michael,
I have to do a stock take next week, for the accountant, like John I shudder to think what the numbers will show.
HazzaBIt's Hard to Kick Goals, When the Ba^$%##ds Keep moving the Goal Posts.
Check out my Website www.harrybutlerdesigns.com.au
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15th August 2012, 06:29 AM #6
Once you start getting away from Slimline / Streamline & Jr Gentleman kits, and begin stocking kits such as Roman Harvests, Majestics and other higher end kits, you find you've spent well in excess of $1k in kit stock at hand alone, not to mention blanks and other materials. At some stage you have to say to yourself, is this hobby JUST a hobby, or do I want to make a little business out of it, as you have ended up with several hundred beautiful pens just stashed away in the cupboard. Then setting up even a micro business will set you back at least $500 with ASIC business name rego, Web site build & name, email set up, business cards, dedicated bank account / debit credit card for purchases etc etc. My little micro business is now self supporting, as I am selling at least several higher end pens per week, the proceeds deposited into the dedicated bank account, where it is used to buy more stock. So, my hobby is now self supporting. You sure won't be able to quit your day job, but at least you can now claim tools and machinery + kits and pen making supplies etc etc on TAX and the hobby costs you nothing. It also makes a lot of people very happy to get that special gift for someone that can't be found in shops.
I never forget anything I remember !!
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15th August 2012, 10:05 AM #7
Be very carefull what you write here guys.
The lady of the house may find this and put claim to a new sewing machine or some other tool for her favourite roomJim Carroll
One Good Turn Deserves Another. CWS, Vicmarc, Robert Sorby, Woodcut, Tormek, Woodfast
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15th August 2012, 10:44 AM #8
I got caught on the sewing machine a couple of weeks ago Jim and some other must have stuff too "if you are buying for your hobby, I can buy for mine too"!
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15th August 2012, 10:47 AM #9
The problem with my tally that it's kits only will start doing the blanks next week
I have not included all my extra small turning items like clocks , wine stoppers , calculaters , battery powered tea lights and etc. I am thinking of doing matching sets of pen & wine stoppers
I am worried if I get sicker and can't stand much longer at the moment its 20 min before I cant feel my legs.
All this might be going up for sale including all my tools
I have slowly making my workshop adjustable so if needed I can lower all my tools to chair height at the moment its stool height but this is getting harder to get up on to
Regards Michaelenjoy life we are only here a short time not a long time
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15th August 2012, 11:45 AM #10I never forget anything I remember !!
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15th August 2012, 12:10 PM #11
got the woodfast midi lathe stand which will drop low enough I hope
but as this is nerve related I may get worse as my hands are starting to tingle more often.
thanks for the suggestions
regards michaelenjoy life we are only here a short time not a long time
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15th August 2012, 01:47 PM #12
Vicmarc VL200 Lathe
Yes Vicmarc produce a sit down lathe VL200
Jim Carroll
One Good Turn Deserves Another. CWS, Vicmarc, Robert Sorby, Woodcut, Tormek, Woodfast
Are you a registered member? Why not? click here to register. It's free and only takes 37 seconds!
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15th August 2012, 02:16 PM #13
I would have in excess of $3000 in kits and stuff $1000 just in acrylics lol but I do sell some kits to friends and that helps support my habit when you take molds and casting stuff it certainly adds up also have a couple of hundred dollars of new bullet casings for bullet pens so lets just say my wife aint going anywhere near my shed LOL or I may end up sleeping in it in the future.
Cheers Ian
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15th August 2012, 04:55 PM #14Skwair2rownd
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15th August 2012, 09:06 PM #15Old Fart (my step daughters named me)
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If I remember right I have made about $0 on my pens. Up to date they have all been given away to worthy causes, ie: family and pens for the troops. Never mind the costs as long as you enjoy doing it is my feelings. ( not the missus tho 0
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