How to Set Fair Prices for Hydro Dipping Parts
How to Set Fair Prices for Hydro Dipping Parts When it comes to properly pricing hydro dipping parts, there is no single answer. The market in your area might be different from the market 50 or 100 miles away. In general, hydrodipping parts are priced higher in urban areas with a higher demand compared to rural areas with a lower demand. However, you’ll also have to consider the cost of supplies and your operational expenses. These may be higher in hard-to-reach rural areas. Keep these factors in mind when setting hydro dipping prices. Consider the Time Requirement Some parts take longer to hydrodip than others. For example, dipping a simple stainless steel piece of trim for a truck is fast and straightforward. Dipping a wheel requires more accuracy and precision because of the openings, curves, textures and spokes. If you’re new to hydrodipping, it will take you longer to do a project than it would if you were more experienced. You may want to consider paying yourself an hourly wage in addition to the cost of the supplies and materials. Include the Cost of Preparing the Parts A brand-new helmet won’t require too much preparation for hydro dipping. A dirty piece of trim for a truck’s door will take more time to prepare. If you’ll have to spend hours scrubbing, cleaning, sealing and painting the part before you can dip it, be sure to include a preparation fee based on the part or by the amount of time that the preparation takes. Set a Buyer’s Premium Many clients will provide the parts to you. They may have ordered them already, or they may want you to dip something they already own. In this case, the finished work should cost less than it would if you supply the part. If you choose to sell parts for hydro dipping, you could add a buyer’s premium for the time that it takes you to do the ordering and maintenance of your inventory. Factor the Complexity of the Dipping for the Item Some items are more complicated to dip. A large item can be a challenge to dip, especially if you have an entry-level tank. Helmets can also be a challenge to dip. You don’t want to get the film over the visor or on the interior foam and liner or straps. The more complex the item, the more time it will take. Your pricing should be commensurate with your investment of time and the level of skill required for the project. Number of Items in a Set In many cases, a customer will have a set of items they want you to hydrodip. For example, they may have four or six cups that they want dipped into the same pattern of hydrodipping film. Most decorators will offer a slight discount for these sets. That’s because there’s no need to change the film. If you’d charge $20 for one cup, you might charge $75 for four or $100 for six.