Discover Design by DesignClass

TopicsSubmitLearn

Product Pricing Guide and Calculator

Do you want to bring your craft to the world? One of the first steps is learning how to price your creation. Use this quick guide and calculator to get started.

Spend Time on Pricing

Pricing your product is a challenge, even for experienced entrepreneurs. One of the first things that you should do is create a budget for how much it costs to create your product. This can include simple things like how much the materials cost but it should also include the time spent to make it. You may not know the exact costs of time spent on the product but that's ok. It's more important to have estimates earlier on and dial in later, than wait too long and misprice your product. Here are some simple equations and a calculator to get you started.

Learn more with East Fork co-founders Connie & Alex Matisse in their first DesignClass.

Equations

Base Production Cost: The flat cost to produce your product.

Material Costs + Labor Costs + Shipping/Postage + Marketplace Fees + Misc. Expenses = Base Production Cost

Profit: What would you like your profit to be on the product?

Base Production Cost x Markup = Profit

Final Price: This is what you should charge customers.

Base Production Cost + Profit = Final Price

Calculator

Source: Build a Creative Business with East Fork

Build a Creative Business with East ForkBuild a Creative Business with East ForkBuild a Creative Business with East ForkBuild a Creative Business with East Fork

Simple Updates for Designers

Weekly articles, classes, and competitions for designers like you.

Thank you! Your email has been subscribed.
Oops! Something went wrong while submitting the form.
How to Build a Values-Driven Business
Entrepreneurship How to Build a Values-Driven Business

Hear from East Fork Pottery co-founder, Connie Matisse about what it takes to build a values-driven business.

Omgivning and YummyColours break the mold on architect branding and websites
Omgivning and YummyColours break the mold on architect branding and websites

For Omgivning, the mission to foster revitalization in downtown Los Angeles goes beyond design.

“The business of architecture is broken and people are distraught,” says M-Rad CEO Matthew Rosenberg
“The business of architecture is broken and people are distraught,” says M-Rad CEO Matthew Rosenberg

Matthew Rosenberg, CEO of M-Rad, shares his vision for the future of being an architect as a developer.

From ArchDaily to BDP, Niall Patrick Walsh is blazing a diverse trail through architecture
From ArchDaily to BDP, Niall Patrick Walsh is blazing a diverse trail through architecture

"I am most excited by the prospect of embarking on a career with multiple elements, including practice, writing, teaching, and enterprise."

How to Manufacture Serendipity
How to Manufacture Serendipity

Learn how to connect with the people that could change the course of your career with Matthew Rosenberg