Craft Calculator

Craft Calculator FAQs

How do I calculate my craft cost?

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!

What is a good profit margin for crafts?

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 →.

How do I calculate my material cost?

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!

What should I charge for labor?

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 →

How do I use the Craft Pricing Calculator tool?

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.

1. Enter the Price Markup you wish to price your product. See this guide to learn more about pricing markups for handmade products
2. Now enter your labor cost and material cost to make your craft product.
3. Press calculate to see the Suggested Price, and the Profit Margin for your craft product.

How much does it cost to use the Craft Calculator?

This Craft calculator is a completely free online resource provided with ❤ by Craftybase - Inventory & Bookkeeping for Makers. There is no cost to use this calculator.