How to Price Your Handmade Products for Profit

One of the biggest mistakes new craft business owners make? Underpricing their work! 😱 If you’re not charging enough, you’re not just losing money—you’re making it harder to grow. Here’s a simple formula to price your handmade products for profit.

🧮 The Basic Pricing Formula:

(Material Costs + Time Spent) × 2 or 3 = Wholesale Price
Wholesale Price × 2 = Retail Price

🔹 3 Key Pricing Tips:

💰 1. Don’t Just Cover Costs—Pay Yourself! – Time is money! Charge for your skills, not just materials.
💰 2. Research Your Market – See what similar products sell for, but don’t compete on price—compete on quality!
💰 3. Add Value, Not Discounts – Instead of underpricing, offer bundles, customization, or limited-time exclusives to make your products stand out.

✨ Have you struggled with pricing? Let’s talk in the comments! 👇

#CraftingBusiness #PricingForProfit #HandmadeWithLove