Hey Yarnie,

You made the products,
booked the market
but NOW you have to
price stuff.

Cue the gross feeling in your stomach.

What if I charge too little and don't make my moneys worth?
What if I charge too much and people won't buy?

I'm right there with you.

I usually price my items based on gut feeling but I really want to start paying more attention to my pricing and making more profit.

Cue the pricing calculator .

Be sure to bookmark this page because I'm sure you'll

be coming back a lot.

Before you jump into the calculator. Please familiarize yourself with some of the terms we'll use on this page. So we can be on the same page... get it?

Hourly Wage

The amount of money you want to earn per hour you work on your crochet project.

Additional Costs

Other fees and costs consumed by the maker to sell the product. For example, Etsy fees or packing materials.

Cost Per Gram

The calculated $ value of one gram of material OR a single unit of material.

Markup

The percentage of $ on top of the base price (this helps increase profit margins).

Material Cost

The calculated value of the amount of material used multiplied by the cost per gram/item.

Final Cost

The price at which to sell your product!

4 Step Process

This is a simplified 4 step process you can use to calculate the value of your crochet project. There are 3 calculators below that will do the nitty-gritty work for you. It will take a few different calculations to get your final price.

You can speed up the process by using our PAID version of the Crochet Pricing Calculator.

First decide on your hourly wage. This is completely up to you, but your regions minimum wage is a good place to start.

Find Your Minimum Wage

Next, figure out how much material you used. To do that you'll need to calculate the cost per gram of your yarn.

I used Sweet Snuggles Lite which is $11.99 CAD for one skein of 250 g. I used 48 g for my project.

Calculate it for me.

Time yourself making the item from start to finish. Then we will calculate what % of an hour it took to make.

The project took me 34 minutes which is 56.67% of an hour.

Then multiply the amount by your hourly wage.

Calculate it for me.

Add your material cost and your hourly wage total together.

Calculate it for me.

For example purposes I will use $17.20 which is minimum wage in Ontario.

For this example, this project took me 34 minutes. The cost per gram is $0.048. so the material cost is $2.40.

You need to convert the percentage to a decimal.

Multiply the percentage by Converted to a decimal percentage by multiplying 56.67% by .01.

The answer = .5667.

.5667 x $17.20 = $9.747

$2.4 + $9.747 = $12.14

This is your BASE cost. Add more to account for fees, markup etc.

If this cost seems very high try this: Double check that you have converted the percentage of an hour into a decible by multiplying the # by .01.

ie. 76.67 x 0.01 = .76

.76 is the number you should put in the time box.

Need more computing power?

Add all your materials toget at once with the paid version of the Crochet Pricing Calculator.

More Power!

Hey Yarnie,

You made the products,
booked the market
but NOW you have to
price stuff.