How much should I sell my craft for? This craft calculator will show you the pricing you need for the profits you want.
Results
Suggested Price
$15.00
- Materials & Labor
$1.90
Your Profit & Margin
$3.00(20.00%)
Craft Calculator FAQs
To calculate the true cost of making your craft products, add the cost of your supplies (raw materials) with your estimated labor to produce. Make sure your hourly rate represents a fair amount you would pay someone else to perform the work!
Exact margins vary by the type of craft you sell and your target market, however as a general guideline you'll want to aim for a profit margin for crafts of between 10 - 25%. Learn more about recommended markups for your craft products here ».
First, make a list of every material that you have used up to produce the item - let's call this your "recipe". For each item in your recipe, calculate your unit price for each: this can be calculated using a rolling average calculation on your purchase history for the material and converting to a suitable unit of measurement (e.g pounds to ounces). Don't forget to include hidden costs like shipping and taxes paid. Finally, calculate how much you used up and multiply this by your manufacturing unit price.
Don't want to do all these calculations yourself? Sign up for a free 14 day trial of Craftybase and we'll calculate these for you!
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.
Learn more about how to calculate your craft business labor costs »
This Craft Calculator calculates how much you should charge to sell your product taking into consideration your location, pricing markup, labor cost and material cost.
Pricing strategy is often one of the hardest parts of running a craft business - once you have made your product, how do you know what to charge for it? Our eBook introduces online craft sellers to the theories around pricing, in an easy to understand way: giving you the knowledge and confidence to begin planning your strategy.
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