botsquash

Tool from Handmade Pricing

Handmade price calculator

Add what goes into one piece and how long it takes. You get what it costs you to make, a wholesale price and a retail price.

One item

Materials

$

0.6 of 10 = $2.70

$

12 of 50 = $1.92

$

Time and rate

min

$

$

Margins

%

%

Retail = wholesale + markup, not marked up from cost directly. 100% and 100% is the usual ×2 / ×2.

Price

Materials
$4.62
Labour
$10.00
Overheads
$1.50
Unit costbreak-even, selling below this loses money
$16.12
Wholesale50% margin
$32.24
Retail75% margin
$64.48

Markup is added to cost. Margin is the share of the selling price you keep. A 100% markup is a 50% margin.

How the price is built

Materials, line by line. Each material is priced from the pack you bought. Pack cost times the amount used, divided by the pack quantity. Wire bought as 10 m for $45.00 with 0.6 m used costs $2.70 in this piece.

Labour. Your hourly rate times the minutes, divided by 60. Forty minutes at $15.00 an hour is $10.00. Pay yourself a real rate, or the price only works while you work for free.

Unit cost. Materials plus labour plus overheads. This is break-even, the least you can sell one for without losing money.

Wholesale and retail. Wholesale is the unit cost plus your wholesale markup. Retail is the wholesale price plus the retail markup, because a shop that buys at wholesale needs room for its own margin. The common handmade rule is to double cost for wholesale and double wholesale for retail.

What it assumes

  • Amounts are rounded to the cent at each step, half up, the same way the Handmade Pricing app does it.
  • The currency menu changes the symbol only. Nothing is converted.
  • Selling fees, tax, shipping, craft fair booth fees and batches are in the app, not in this calculator.

Handmade Pricing Calculator

Prices handmade items by itemizing every material, your time, overheads and markup.

Get it on Google Play