New Product Pricing Checklist
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A step-by-step checklist for costing and pricing one handmade product before it goes live, so the listing price covers materials, packaging, fees, postage, your time, and a share of overhead.

[ ] Write the product name and a short spec (size, materials, variant) at the top so the costing matches one exact item, not a whole family of them.
[ ] List every component that leaves with the customer: primary material, secondary materials, findings, thread, glue, finish, and the hang tag.
[ ] Price each component at replacement cost, meaning what it would cost to buy again today, not the deal you got last year or the sale you hope to catch.
[ ] Break bulk purchases down to the amount one item actually consumes, and add an allowance for offcuts, spills, and pieces that fail quality control.
[ ] Add consumables that are used up in production but never ship, such as sandpaper, blades, needles, brushes, and finish rags.
[ ] Cost the packaging per order: box or mailer, tissue, tape, label paper, insert card, and any protective fill.
[ ] Time three complete cycles with a stopwatch, including sourcing, making, photographing, listing, answering messages, packing, and the trip to drop off.
[ ] Choose an hourly rate you would accept from an employer for skilled work and multiply it by the average minutes one item consumes.
[ ] Add a share of monthly overhead per item: rent or home workspace, utilities, software subscriptions, insurance, bank fees, and equipment wear.
[ ] Look up the fees your selling channel takes (listing, transaction, payment processing, advertising) and note which ones are charged on shipping and tax as well as on the item price.
[ ] Weigh a fully packed sample and measure the box so you can get a real postage quote for a nearby zone and for the farthest zone you ship to.
[ ] Decide whether shipping will be charged separately or folded into the price, and compare both versions at /tools/free-shipping-switch/.
[ ] Add materials, consumables, packaging, labor, and overhead to get your loaded unit cost, and write it down somewhere you will find it again.
[ ] Set a price floor: the item price at which one typical order breaks even after fees and postage. The break-even figure at /tools/handmade-order-profit/ gives you this directly.
[ ] Check the market ceiling by noting what comparable handmade items list for, and decide where in that range your quality, story, and photography place you.
[ ] Choose a price between floor and ceiling, then confirm that the net profit and the hourly rate on a typical order are numbers you can live with.
[ ] Test the price against a discounted order (a sale code or a repeat-customer discount) to make sure promotions never push it below the floor.
[ ] Test the price against a multi-item order and against the farthest shipping zone so you have seen the best case and the worst case.
[ ] If wholesale is a possibility, check that the retail price leaves room for a wholesale price that still sits above your loaded unit cost.
[ ] Record every input (component costs, minutes, hourly rate, fee percentage, postage quotes) on one sheet with today's date.
[ ] Set a review date no more than one season away, and re-run the numbers any time a material price, postage rate, fee schedule, or your hourly rate changes.
[ ] Add the finished product to your Per-Order Profit Log so real orders can confirm or correct the estimate over the next few weeks.