As a hobby, I design and fabricate studio furniture. I do 3-4 furniture shows a year. Its nice, I meet new people, I sell a few items and I get a few commissions. Basically, it covers the costs of a some new tools and the materials for stuff I make for myself, family and friends.
At the shows, the costs are based on cost of materials + 10% and a labor rate of $40-$60/hour, depending on the amount of time needed. A simple clock can cost $80 and a complex bed can cost $10,000. The items I sell have been used in the home and office. I usually don’t haggle, but if I like the guy/gal I may take 10% off the hourly rate.
Recently I have been contacted by a couple of interior designers who are interested in selling some of my stuff to their clients. What do I charge them? I can’t charge them full “retail”, that would drive the cost up too high, they need to make money too. I certainly don’t want to undervalue my work and 50% off retail is too much. I know they will make any offer but I was wondering if there was a standard rate.