This is a great place to start because it's a very basic concept. I think most crafters will tweak the formula to fit their craft, geographic location, overhead, etc. Thank you for sharing this with us.

Thanks for the advice. I’m so bad at trying to price my DIYs, cards and paper crafts, and my leather stuff. This definitely helps!! 😊

Excellent information, I don't know of anyone else who is giving as complete information, especially with the book that you've produced. Thank you so much!

Thanks so much for this video Diedre. Your timing couldn’t be better. I’m attending my first craft fare in 2 weeks. It’s at our local Senior Center and the tables are free. Figured it’s a great place to start.

You truly are the best teacher ever! Tyfs 🤗♥️

Great advice. Thank you.

This is so helpful. My husband is pushing me to open up an Etsy shop or something to sell my crafts. He has more faith in me than I do myself. But anyway, this is good to know. Love your channel. Thanks so much! ❤️💜💚

I like your formula a lot better than most I have seen. I’m always sure not to price an item over an amount I would actually pay myself. We all still need to move out our inventory. The price is just as important as creator something worth selling.

Thank you so much!

Thank you! Appreciate the info!

Thanks for the help!

Thanks again for this very helpful, easy to understand information!

Great advice. thank you for the information. Love your video's

Thank you for this information. I was wondering how I was going to figure this out. You're great!

Thank you for this information, it's a great starting point for me because I didn't had an idea where to start. You are great!

Im so glad I found your content. I have been to intimidated to start doing craft fairs but really want to. Your video with tips and tricks and this pricing video are invaluable. Thank you

Thanks some great advise. I was just wondering how much you would add on for your labor, especially on projects that can take hours or days? A special thanks for all the helpful things i have learned from your shows.

Thank you this was very helpful!

Thanks!

Thank you so much for all of this useful information! I shared a link to this video with one of my Facebook groups.

This is very useful. Thank you!

I did craft shows for years. I like your formula. You account for things I never did. Excellent!!

Great video, thanks!

Oooh! I very much appreciated this video thank you so much seriously very grateful one of the hardest things to do when it comes to selling my crafts. Your the best! God bless

Thanks for sharing 🤗🥰

Thank you. I was just wondering that. I'm doing my first big sale in November. Thanks for all of the tools you share.

Thank this is so helpful 👍😎❤️

SUPER HELPFUL

Thank you! I am definitely going to be using your formula. All of the others where so complicated.

Thank you for your videos. They are all inspiring! When i had my Etsy store open I learned this formula from top sellers. costs of making the item x4 + labor/time/shipping= retail price Remember your time and labor is valuable. They explained that’s the best way to make some money on Etsy after all the fees. I keep the formula for crafts shows and adjust it depending on location. Hope this helps.🌼

Thank you so much appreciate you

Thank you ☺️

Fantastic, you are in my mind. For the first time I will be selling things that I do. And I just finish a small collection and was trying to calculate the price to sell them on Facebook market for now.... and than you show up with the solution. Thank you so very much for you help, Have a great day and stay safe !

It's so funny that you came out with this video today because I just spent a good portion of my day pricing everything for an art fair on Saturday. Fortunately a friend came over to help me because I have such a hard time with this.

Great information.

What I'm up against is the huge price difference from a local average craft show verses high end places. Example : #1 - a very nice bird house at average craft shows goes for $45 #2 - In a resort high end craft area it goes for $120 My craft friends who sell a different craft in those areas said it's because the clientele are mostly well off compaired to my area. I have seen the prices myself. My haw dropped.

Fantastic explanation and formula. I had to breakdown the cost of making jewelry. I counted out the beads etc and divide each quantity vs price per package or strand. It was extremely time consuming, but, it taught me a lot. I'm going to try your method on my furniture and various crafts. Thank you so much for sharing.

Very interesting video. Thanks for sharing. I'll keep in my mind how you are doing the pricing.

THANK YOU, THANK YOU, THANK YOU,

Thank you

good to know👍

Good information 😊

Thank you so much for the advice. At the moment, I was having a dilemma about how to price my Hocus Pocus spell books that I just made.

Thank you so much😃 You explained it so well. I seen other ones and they lost me😂 Again Thank you 😊

Great content

Think you. I've wondered how to price my stuff.

I don’t see you factoring in your time and labor costs to make and sell your items.

I’m sooooooooo glad you put out this video!! I’ve been wanting to sell my diys however I didn’t know how to do ANY of the things you shared here, now in your opinion, if I don’t have my own store to sell my diys which platform would you recommend for a first timer like me?? Also, does Etsy take a percentage of what you sell?? If so how would you factor in that money “lost” for lack of word? I believe fb is free correct? So I guess you’d have to decide on which platform you’d want to work from 🤷🏻‍♀️ see I thought when you added everything in that you use, you put in the full price of that diy item I.e. mod podge, scrapbook paper etc.. but you just added the amount I guess??? Makes sense…. This video was sooooo helpful if you could answer my questions that would be great or anyone reading could help me out as well!!! Great video 👏🏻👏🏻

Thank you so much. I was wondering if I was to low or to high with my prices on the crafts I created.

I always find that everything is higher priced on Etsy than it is at art fairs. So I would put my prices higher on Etsy and lower at an art fair. Particularly if I offer free shipping. Which I think a lot of people appreciate just knowing what the total cost is going to be and not having to mess with shipping. I know I do.

I have no idea how to include things like your paint, sealer, & things that come from bulk. How do you estimate how much your even using? I LOVED this video & it helped me ALOT. THANK YOU!

I do art… it’s not bout the cost as much as years of practice and talent . And my time to make. How do you price that!

I believe I have around the same pricing.

The one thing I don’t see included is tax. There will be sales tax, plus income tax on profit. Thanks for great advice❤️

Thank u for your tips. I have considered SHIPPING. USPS will even pick it up. I looked into shipping for a 2 foot tall table I did. Shipping was $100! Mercari says they will ship for less. 🤔? Please tell me your thoughts on that. I guess if they pay for the label...?

This is amazing info, but my problem is my time spent on the product especially if I’m using air drying clay. That alone for drying time takes 24hrs. I can’t seem to figure out how much I should charge. I’ve looked on Etsy similar to my projects but when I price the item in that range, I don’t get any buyers.

Do you add any of your time to make the item

I always found it a challenge to incorporate the price of 'creating' the item- not just the cost of your supplies.

Maybe I'm missing something, but where did you factor in the time it takes you to make that item? Some things take a couple minutes some could take a couple hours depending on the item. Where is that factored in?

Do you immediately put your coat on a spreadsheet? I’ve got so many receipts from Michael’s, dollar tree etc… i haven’t put any of it into a spreadsheet. Just curious how you track your costs

Do you still have the booklet available? I just saw this video and can’t find it. Can you send me a link?

Do you not add costs for time to produce the item?

I didn’t check your Etsy store yet but I do have a question for you. Selling in Canada only ? Shipping included? I know Etsy made it hard for sellers so I’m not active now on my Etsy store. HELP please 👏🏼👍🙋‍♀️♥️🇨🇦

The graphic comes off in chunks when I rub off after 24 hours, I'm being very gentle. I'm using a Laserjet, thin layer of mod podge matte, leave for 24 hours. I've tried using a fresh printed sheet and a sheet that's rested overnight, I've tried on both acrylic art paint, latex paint and chalk paint, all do the same thing. Any advice?

How do you estimate the shipping

How do you factor in the cost of the design, esp if you have to purchase but then use it over and over?

I realize you are getting the wood for free but doesn’t it need prep work? And what about time to do the labor involved? Usually pricing is time + materials. Help please ❤

I have a question that no crafter seems to be addressing. Taxes. What do you do about state and federal taxes. Is there a limit of income to which you will be taxed? How do you report it? A lot of people on social media sell items but I have not seen anyone discuss taxes. I have yet to see anyone address this. When is this considered a business or is this just a way to make a little extra money?

What do you charge for your time and work that you put into the item? Thanks for all your help ☺️

How does the size change the price. Example. you have a sign 3.5" x 10 compared to a sign that is a 8 X 10. How do you allow for size change.

I see the itemized list but how do you break the cost of the items down? For example you have 50cents or 10 cents for that item. But of course they cost much more. So how did you reduce it down?

How do you take into account the time it took to make the item?

This May sound dumb, but how do you break up the price for mod podge, paint, etc. It’s not like you use the entire bottle.

Hey you are a genuine and honest person which is wonderful. But if it takes 1 hour to make the sign then the average minimum wage per hour is $12. So you are actually loosing $7 per hour compared to an average worker on a minimum wage job. I think you are selling yourself short. Your basic cost should be the $5 plus $12 (if treated as a minimum wage job). $17 per sign. $34 wholesale $68 retail 😑

How do you tell if something is actually selling on Etsy?

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No added $ to your wholesale price for your time spent making it ? I thought labor cost would be in there

I don't understand how you came up with some of those itemized prices. Like how do you know you only used 10 cents worth of mod podge?

It's not free to sell. Etsy fees are 13%+ and craft malls charge a monthly fee + a percentage of sales. Craft shows usually charge flat fees with no guarantee of sales.

I always, always have Customers asking for a Price Reduction, 2 for the Price of 1, there's a Nick on the Base so Gimmie' a DEAL! As it is, im lucky to make $4 ot $5 a Piece. Im ready to Quit but i have over $6,000 Wrapped Up in Supplies which include my Tools and Shipping.

Wish saw tooth hangers were that cheap here. About 4 bucks for just 2.

The show is next Saturday 11/19

I can't see that sign selling for $20.

I was surprised that you didn't add a fee for your time.

10% does not sound like enough to cover gas, mileage, and all those other expenses

Why do you put shipping at the beginning instead of at the end?

Did you factor in your time?

this is all well and good but for wire wrapped jewelry it doesnt work because I'd be selling my stuff for pennies and you havent said anything about counting in the time it takes to make items. If I went with your figures Id be selling my stuff at around $15.00 . Some of my stuff takes over an hour to make and y time is valuable. Everything I make has a $20 an hour mark up on it. Youve got to value your skills.

Hmm, I'm not sure that 10% covers all the miscellany. And you forgot to mention to add in fees for listing items with online marketplaces or renting a booth at a fair, any additional shipping & packaging costs (especially if the item is large or requires special packaging other than a box, standard shipping paper, & packing tape) & any merchant/seller and financial transaction or processing fees, as well as all hard marketing or advertising costs (biz cards, paid promotions on social media, etc) and a fee for your time with design, marketing, bookkeeping, accounting & taxes. Seriously, assign a $ value for your time & efforts, or figure in the fees you already pay someone else to do these tasks. These things really do add up! (You can always offer a discount if a customer pays in cash, like a surprise bonus. Or just know that the 30 cent + 3.5% fee you're not being charged on a cash transaction will even out with the mistakes and occasional refund that are bound to happen with electronic payments.) There's so many costs involved that we rarely consider, especially with a craft or art product business. Don't have grossly overpriced crap, and also don't sell yourself short! 💗

If you make items using materials that cost practically nothing, but which take hours to make, this formula won't be ideal.

I don't agree with your pricing you should at least make 33% wholesale. And 3 tiles that for retail. You're not counting your time your over head for your business.

Your time should be worth something, but that really wasn't factored in.

What about your time, Deidre?

What about your time?? What do you need to make per hour so that you don't starve to death?? I'm so glad that materials are being covered in this equation but if you're trying to actually make money with any of this, you might as well go work at McDonald's because you'll make about twice as much...

Stop talking so fast please, it's hard to understand you.

Thank you