Etsy Pricing Calculator
How much you should be charging for your Etsy products to make the profit margin you need?
How to calculate your cost of manufacture
First, make a list of every inventoriable material that you have used to produce the item - let's call this your "recipe". For each item in your recipe, calculate your manufacturing unit price for each: this can be calculated by applying a rolling average 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.
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Want to learn more about how to price your handmade products? FREE eBook
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.
Topics covered include
- Common Pricing Mistakes
- Calculating your Production Cost
- Manufacture Costs & Labor
- Markups, Margins and Profit
- Pricing Psychology for maximum profit
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