Posts tagged with pricing

Inventory, bookkeeping and business success topics for makers.

pricing

Reasons you should offer Free Shipping in your Etsy Store

We show that if implemented thoughtfully and carefully, having a free shipping strategy it can be an excellent way to drive traffic and sales to your products - without sacrificing your profits.

· 6 min read

handmade-success

How to pay yourself as a handmade seller

We look at how to calculate your own pay when running a sole proprietor handmade business.

· 4 min read

pricing

How do I calculate the cost price for my products?

Your product's Cost Price is what it cost you to produce your product from the materials you use. Your Cost Price for each product you make is essential to know as it is a vital part of your handmade pricing strategy.

· 3 min read

pricing

Whats the difference between markup and profit margins?

Many handmade sellers often use the terms markup and profit interchangably, however they are different. Our blog post shows you how to calculate both and why you should.

· 1 min read

pricing

How to calculate your handmade labor costs

One of the biggest pricing mistakes Etsy sellers make is that they completely ignore their own labour costs. Being self-employed, it's easy to undervalue or completely ignore the time you put in to your business.

· 3 min read

pricing

How do I calculate my profit margins?

Your profit margin is a metric that determines how much revenue you are bringing in for your product relative to its cost to produce. This blog post shows you how to calculate this vital number.

· 2 min read

pricing

How to calculate overheads for your product pricing

Along with material and labor costs, it's important to also try and factor in your overheads to your pricing calculations so that you can be sure you are covering all of your costs.

· 5 min read

pricing

Common Pricing Mistakes Handmade Sellers Make

Handmade entrepreneurs, when starting out, often make a handful of common mistakes with their pricing. This can be a result of undervaluing their work, mis-underestimating their time to create, and also not fully calculating their costs of production.

· 2 min read

pricing

Handmade Pricing Psychology

We show you some little known tips and tricks for pricing your handmade products.

· 3 min read

pricing

New! Multiple Price Points & Pricing Tiers

We've recently been making some improvements to the way pricing works in Craftybase. Firstly, you may have noticed that the area previously called "Sales Channel Markups" has now become "Pricing Tiers".

· 2 min read

pricing

How to calculate pricing markups for your handmade products

Markup is the amount you add to your production cost price to arrive at your recommended selling price. It is a commonly used technique to determine how much to charge for your products as it ensures that you fully factor in all expenses involved.

· 3 min read

pricing

How to set the right price for your handmade products

Figuring out a price that covers your costs and makes sales is often one of the hardest parts of running a handmade business. We show you how to create a pricing formula that works!

· 7 min read