@zany in co
...
I wouldn’t accept work for hire for anything much less than the amounts I’ve asked for in this example. It is because I’m reasonably well paid from my photography job, and so I base all my time value at what I think my photography job pays me. Which means I wouldn’t make a $20 or $30 or $40 custom mold.
Thoughts? Thanks!
I'm not altogether sure you're asking the right question. If you search, you'll find a thread of mine called - I think - "Pricing Time" where we discussed the "fair" value of the labor of a soap maker. I don't think a consensus we reached, but there's food for thought there.
It feels to me like you're approaching this backwards in regards to labor cost, trying to make soap-making or mold-making fit into your definition of what you're worth based on a previous job. Whereas it seems like the better approach would be do figure out what a soap of mold business will make
then decide if you want to do it. I suspect you will find that it's not tenable.
I'm sure it is possible to make a successful business from handicrafts, but I can't imagine a scenario where it would be possible that such a business would net you the equivalent of $20/hr for your labor to meet your $40k goal, not to mention absorbing the doubled contributions for Social Security and healthcare relative to a salaried job.
That said, however, if there IS such a market it will not be in volume. Making thousand of the same soap won't do it because a real manufacturer could destroy your CoGS - probably by a factor of 20 - and if the market was there they'd probably already be doing it. I think your most valuable asset is the potential customization. Try to get "in" with wedding and event planners who would use you to create wedding or party favors. (Would I be right in guessing that as a photographer, you might already have in-roads into this industry?) I'm thinking of a bride and groom sitting down to pick out the designs for a soap and a box (or two for His and Hers) personalized with their initials or names, the date of the wedding, etc. Looking through a book of beautiful photographs (that you can clearly take yourself), sniffing scent samples and handling bars of soap. It'd be like going to a cake tasting at a bakery. Then you can knock out that custom mold and make a few hundred for that wedding. A couple-three thousand dollars for wedding favors is a pittance in a lot of weddings nowadays. So with anniversaries, retirement parties, maybe birthdays.
I could see that being something viable, but I'd bet you still won't make $20/hr doing it, unfortunately.