HANDMADE PRODUCT COSTING CALCULATOR

HANDMADE PRODUCT COSTING Calculator

A multiplier on your materials cannot see how long something takes. Put in what you charge and find out what your hour is actually being paid.

Free tool

Handmade Product Costing Calculator

Most handmade pricing advice is a multiplier on your materials, and a multiplier cannot see your time. This works the other way round. Put in what you charge and what it takes to make, and it tells you what your hour is actually being paid once Etsy and everything else has come out.

What it takes to make
£
What goes into one finished item.
%
Offcuts, failed firings, the ones that come out wrong. Real and almost always left out.
min
Including your share of the batch: mixing, setting up, cleaning down, packing.
£
Studio, kiln power, tools, insurance, software, divided by the items you make in a month.
£
£
What you think your time is worth. The National Living Wage is the floor, not the answer.
What you sell it for
£
£
£
What Etsy charges
%
0 if not registered, and Etsy will add 20 per cent to its fees.
£
%
%
£
%
What your hour actually pays

Fill in a price to see the answer.

The buyer pays

Your revenue


Materials, with waste

Etsy fees

Postage and packaging

Overheads

Left to pay you


Time to make

Price that pays your target rate

Against your price now

Price that pays you nothing at all

Your labour is the only cost on this list you can choose not to pay, which is exactly why it is the one that quietly disappears. Everything else gets invoiced to you.

Why materials multipliers do not work

Multiply materials by three and a mug using £4.80 of clay prices at £14.40. The same maker spending £4.80 on silver for a ring that takes four hours prices it at £14.40 too. One pays a reasonable wage and the other pays about £2 an hour.

The multiplier is blind to the only input that varies most between handmade items, which is how long they take. That is why makers who price this way end up loving their cheap fast products and quietly resenting their expensive slow ones.

Waste belongs in materials. If one piece in eight comes out of the kiln wrong, the seven that survive have to carry the cost of the eighth, and a costing that ignores that is short by an eighth.

Overheads belong in the item too. Studio rent, kiln electricity, tools, insurance and software are real, and dividing them by the number of items you make in a month is rough but far better than leaving them out, which is the usual alternative.

Take it further

Your whole range, in Excel

The workbook costs twelve products at once and ranks them by what your hour earns on each, which is usually a very different order from the one you would guess and occasionally an uncomfortable one.

Download the workbook Free · no signup required · Excel or Google Sheets Not sure what your overheads per item are? The time and labour log works it out.

FAQs

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