Before you determine your pricing structure, take a little time to learn the prices of other engraving businesses in your area. It’s a good way to gauge the amount customers are willing to pay for engraving services, and will also help you determine a competitive price for your services.
Many successful engraving businesses use the following formula to calculate pricing:
- Minimum charge: Covers the time of job set-up.
- Artwork charge: Covers time required for creating any logos or artwork.
- Materials cost: Covers the cost of all related materials.
- Number of items: This will help calculate the time required to engrave each piece of the job.