Pricing handmade jewellery can be a challenge for even the experienced maker. This simple tool is an ideal calculator to be used as a way to determine the basic process for working product prices out effectively.
It won’t, however, give a 100% accurate figure due to the fact that everybody’s overheads are different. If you keep accounts for your business and have up to date, end of year figures, the overheads element of your calculation can be estimated fairly accurately from your previous years accounts.
The more accurate the information you have is to begin with will give a more accurate final figure.
The final suggested product price both for retail and wholesale is based on a 2 x markup. If your market will stand higher figures, adjust accordingly.