1. A basic formula to start with is:
cost of goods x2= wholesale price
wholesale price x2= retail price
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Cost of Supplies x 3 = Price B.
Price A + Price B divided by 2 (to get the average between these
two prices) = Price C.
Compare Price C to your Market Research and adjust accordingly.
For example, it takes me 2 hours to spin $20 worth of fiber into yarn. $20 Fiber + $20 Time = $40 (Price A). $20 Fiber x 3 = $60 (Price B). $40 + $60 = $100. Divided by 2 = $50 (Price C)
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- http://www.gregledet.net/efcm.html
- https://craftybase.com/etsy/fee-calcu..
- http://salecalc.com/etsy?dp=4&q=1&c=0..
- http://www.feesnap.com/etsy.html
labor + materials + overhead + profit = wholesale price
then
wholesale price x 2 (at a minimum) = retail price