How Much Should You Charge for CNC Machine Time?
If you have recently started a CNC machining shop or are looking to get into the CNC machining industry, you likely have questions about how profitable the industry can be. There is no question that the skills of a CNC machinist are both valuable and in demand. However, knowing how much to charge for CNC machine time can sometimes feel like a challenge. Though there is a lot to learn when it comes to running a successful CNC machining business, knowledge from experts can help you prepare for success.
At CanCam, we are proud to be your premier source for commercial CNC machines for sale in Canada. We know that you want to run a successful and profitable CNC machining shop. We also know that it can be hard to put a price on CNC machine time, especially if you are self-employed or operate a small CNC machine shop. In this post, we explore how much to charge for CNC machine time and help you with operating a successful CNC shop.
What Factors Influence the Cost of CNC Machine Time?
When it comes to knowing how much to charge for CNC machine time, there are many variables at play that can impact the cost. Your machine costs, operating costs, and overhead costs will all need to be considered when setting your prices as will the complexity of the project, material costs, and labor costs. It is important that you have a strong understanding of all your expenses to ensure you are profitable for every project.
See our posts, What Equipment is Needed for a Metal Fabrication Shop, and Why a CNC Machine is a Must-Have for Woodworking Workshops of All Sizes, for industry-specific information on operating a successful workshop.
Should I Charge an Hourly or Flat Rate for CNC Machine Time?
When looking to run a profitable CNC machine shop, you may want to explore different ways of charging for CNC machine time. If you are wishing to charge an hourly fee, somewhere between $40 to $100 will be appropriate depending on the complexity of the project and the experience of the operator, though in some instances, this hourly rate could be higher.
If you are looking to charge a flat rate for projects, including the cost of materials in a quote would be a good idea. Though some shops charge for CNC machine time and materials separately, smaller shops may find flat rate fees that are quoted on a project-by-project basis may be easier to manage. Do your research when looking to set your prices to stay competitive and ensure that you don’t lose money on projects.
See our posts, How to Start a CNC Machine Shop and CNC Money Making Project to Boost Your Workshops Profitability, for more information on starting a successful and profitable CNC machine shop.
How Can I Lower My Overhead Costs in a CNC Machine Shop?
Industrial CNC routers are an investment and can contribute significantly to your startup and overhead costs. When you are looking to start a CNC machining shop, keeping your upfront expense manageable is a smart choice. When looking for a commercial CNC router for sale for woodworking or cabinet making or even a CNC router for metal, the experts at CanCam can help you find an affordable and high-quality option. There are many ways to boost the profitability of your business. Let us help you get ready for a successful start-up with high-quality CNC routers that make getting into the industry easier.
