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Pricing has to be one of the most important parts of running a successful handmade business.

If you search the web for different craft pricing formulas and advice on how to price your finished work you will find a multitude of different ways that people come to their end price from pure guesswork to the simple “parts + labor * 2” calculation that seems very popular.

I believe a lot of these “formulas” are way to simplified and miss out on calculating important costs that you need to be aware of for your business.

With our FREE craft and jewelry pricing calculator you will be able to work out the exact price you should be charging for all your handmade creations easily and quickly because we’ve done all the math for you ๐Ÿ™‚

  1. Work out the exact hourly rate you should be charging (no guessing)
  2. Calculate your overhead costs for your business
  3. Total ALL the material costs for your finished piece
  4. Instantly calculate Tax, Wholesale and Retail Prices.


Watch the video overview to see exactly how it works and please like and share with your friends who would benefit from this.

FAQ:

  1. I didnt recieve the email. Please check your spam or junk folders.
  2. I can’t download it from the link? Try right clicking on the link and selecting “save as” rather than just clicking directly on it. ย  Once you have downloaded the file you will need to unzip it as it is a large file.
  3. I don’t have Excel how can I use it? If you don’t have Excel then you might like to try using it with Open Office which you can download for free from here.
  4. I don’t understand how to use it now I have downloaded it? Please watch the support video above. ย If you have questions please leave them in the comments below and we’ll get back to you.
  5. This is awesome can I give it to my friends? We would love you to share this with your friends and would really appreciate you either sharing the link to this page directly by posting it to Facebook , Twitter or any of your crafting groups. ย Thank you ๐Ÿ™‚

If you would like to find out more about our other calculators and inventory management features in Craft Maker Pro then please check out some of the video tutorials here:

Gary Capps

I live in the one of the most beautiful places in the world on the Sunshine Coast in Australia with my wife and our 2 dogs, Poppy and Mia. Since 2009 I have helped over 15,000 handmade business owners to grow their business with our software and free tools designed for todays entrepreneurial artisan.

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13 Responses to “Free Craft And Jewelry Pricing Calculator”

  1. Char 29. Sep, 2016 at 1:05 am #

    HI, I subscribed for the Craft And Jewelry Pricing Calculator but I did not get the mail. So downloading is impossible. I saw your reply that I should send a ticket. where do I send this ticket?

  2. jessica 08. Jan, 2016 at 6:06 pm #

    I can’t get a link to the free pricing calculator to pop up after hitting the ‘like’ button. Not sure what I’m doing wrong… can you help? Thank you for creating this calculator and offering it for free to us. I’m excited to try it. I’m sure it’s going to be a fabulous tool!

    • Gary Capps 09. Jan, 2016 at 12:59 am #

      Hi Jessica.
      Sorry about that, if you send us a ticket to the support desk we’ll get you the link.

  3. Wendy H 06. Jan, 2016 at 8:39 am #

    This is a great start, Gary, and it is really lovely visually – but it entirely leaves out all overhead expenses, and those add up substantially and should always be added into any hourly rate calculation.

    All business expenses (home office or otherwise) have to be accounted for in figuring your hourly rate, for starters. If you haven’t figured out how much you need to earn to cover the cost of the rent/mortgage and utilities, insurance, marketing, advertising, legal, accounting, membership in professional associations, subscriptions, transportation, trade shows, and other expenses involved in running any business and keeping up in the industry, you’re still shooting in the dark when setting your fees ๐Ÿ˜‰

    Not everyone will have all of these expenses of course, but you *must* understand what *yours* are.

    This is where the cost of things like tradeshows and craft fairs and the like should be accounted for. Do three shows a year at a $500 registration fee for each? That’s a $1500 line item your rates have to account for – and it’s only one of many. Take classes to expand your skill sets so you can offer more? They can be expensive – and should be another line item. And so on.

    Here in the US (I don’t know about elsewhere), most home office expenses are also tax-deductible, when certain guidelines are met, so there’s even greater benefit in fully understanding just what those actually are.

    So, for example, if your allowable home office area comprises 20% of your home, that’s 20% of the rent or mortgage and all home-related expenses *every month* that should be built in to your calculations. If you pay $1,000/month in rent or mortgage alone, that’s $200/month or $$2,400 per year that you need to find a way to cover, and the same with all other expenses.

    Would you be paying these expenses anyways if you didn’t have this business? Or if your country’s tax laws don’t support a home office deduction? For basic housing expenses, sure. But if the law allows you to write part of it off when used for a business, then why would you not want to do so? That’s free money in your pocket.

    You could still write it off either way – but you’ll have a much more accurate idea of what it actually costs you to run this business – and how much you are *really* earning from it (if anything at all) – if you factor all of these things into the equation and set your hourly rate taking them fully into account ๐Ÿ˜‰

    So, that $20,000 figure you started with should really be what you want to end up with *after* all expenses, because that’s the bottom line number that matters – how much you keep after all expenses are accounted for ๐Ÿ™‚

    A very high percentage of small businesses actually earn nothing at all when all of these true expenses are accounted for, and even end up paying out of pocket for the privilege of working! Failure to account for all of these expenses is the reason why. For people that are just doing it for fun, this may not matter, but it makes a great deal of difference if you are actually trying to earn any real money to pay any real bills with.

    • Wendy H 06. Jan, 2016 at 9:02 am #

      Ooops, disregard! I didn’t realize when I wrote this that you’d already covered these questions since I couldn’t see the other tabs, and like an idiot, didn’t watch the whole thing before shooting off my mouth .

      My deepest apologies for jumping the gun.

      This is really, really well-thought out!

      I have got to stop posting late at night when I’m tired and sick .

      • admin 06. Jan, 2016 at 11:01 am #

        Haha, no problem.
        If you can share it with any others you think would like it that would be great ๐Ÿ™‚

        • Fiona Thompson 08. Jan, 2016 at 1:20 pm #

          There’s another perspective to the conversation started by Wendy above.

          You can accurately calculate the costs and markup of what you are designing down to the last penny. But you should also ask, what will the market bear? What is your competition charging? Most importantly, what is the perceived value? The answer may have a serious disconnect from what you have calculated, either in a positive or negative way.

          This is where buying in bulk and having skillful marketing practices come into play.

          Using Craftmaker pro is a great place to start, but it’s not the end of the pricing exercise in my opinion.

          • Gary Capps 09. Jan, 2016 at 12:58 am #

            I completely agree Fiona. Think of the calculator as a starting point to firstly understand what it is costing to create a finished piece.
            So many handmade artisans don’t truly understand what it is costing them to create something so they massively undervalue their work through both time and materials.
            Once you at least know the cost you can set a price that ensures you make a living and hopefully a decent profit ๐Ÿ™‚

  4. Fiona 14. Oct, 2015 at 3:11 pm #

    Love the pricing calculator. However, it seems some of the columns are not wide enough in the final sheet, Summary Prices. How do I expand the columns?

    Also, I do fairs and conventions that are quite expensive. As a suggestion, it would be beneficial to have a line item to add the annual cost (based on past years) to be included in the Indirect Costs. It could be included in the ‘other’ cost, but it’s such a large expense I believe a separate line item would be beneficial.

    This sheet is making me rethink my pricing strategy. No wonder so many people have been telling me that my prices “are so reasonable!”

  5. Alix 01. Oct, 2014 at 12:03 pm #

    Do you have a version that works with iMac? Windows Office doesn’t support your program. Drag.

    • Gary Capps 01. Oct, 2014 at 11:36 pm #

      Hi Alix. Do you mean the free pricing calculator or Craft Maker Pro? Im a bit confused by your question as you are asking if it will work with Imac but that Windows Office doesn’t support it?
      Craft Maker Pro works for both Windows and Mac – http://www.craftmakerpro.com/features/
      The free pricing calculator on this page is an excel sheet that you just need to download and run which does work with Windows Office. You can install Office on Imac or you can use Open Office which you can get for free from here – https://www.openoffice.org/
      Hope that helps.

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