About pricing guidance
Our pricing guidance feature calculates estimated sale prices based on your product's current material and labor cost, using the percentage markups you have configured per Pricing Tier and any additional overhead amounts you have configured.
More details on how percentage pricing markups work can be found in our blog post How to calculate pricing markups for your handmade products
Tip: If you have a pricing tier called "Etsy," the pricing guidance will automatically factor in listing, transaction, and Direct Checkout fees.
In this article:
How pricing guidance works (example)
Example: Star Charm Bracelet
Jane makes a Star charm bracelet, which costs her $17 in materials and takes 2 hours of labor at $6.50/hour. This gives her a total manufacturing cost of $30.
Jane has set up her pricing tiers in Craftybase as 150% for Etsy and 100% for Market, so Craftybase suggests the following prices:
- Etsy: $75.00
- Market: $60.00
These suggested prices will automatically recalculate as costs change - for example, if material prices increase, the recommended prices will adjust upward to reflect the new costs.
Important: Pricing guidance is designed to ensure you’re covering your manufacturing costs when setting prices. However, it’s still only guidance. Depending on your product range and sales channels, you may need to adjust your final prices based on: Market demand, Competitor pricing, & other factors.
Locating your product's pricing guidance
To find your pricing guidance for a product:
Navigate to your product page (How do I find my product page?)
- Select a Product
Scroll down until you see the Pricing heading.
- Under this heading, you should see your estimated prices for each Pricing Tier you have configured.
Pricing Guidance FAQ
Why isn't my pricing guidance appearing for my product?
If you've confirmed materials and manufactures are correctly costed, but your pricing guidance is still showing as $0 for your pricing tiers, it’s likely because the product doesn’t have a recipe attached. Pricing tiers are based on recipe data rather than manufacture records, so adding a recipe will ensure your pricing guidance appears correctly. Learn how to add a recipe to a product here!