I started off selling small handmade items on various sites. Initially, I struggled with pricing. How do you balance costs, while at the same time making a decent profit. To achieve this balance I spent a lot of time with paper and calculators trying various options. I eventually decided that there should be an app to do it for me.
Project Pricing was written to quickly solve that problem. While, I personally use it for Etsy sales it isn't tied to that platform. I left the options open to be of use in as many cases as possible.
If you usually time your project building in minutes, simply click on the word hours to switch to minutes. You can switch back by pressing the word minutes and it will all be converted for you.
The app allows you to put a length of time to construct the project, the amount per hour you want to get paid, material cost and other costs you may have. Using that information it will come up with your total cost. Using the cost, you set a margin and it will tell you the price you should charge along with the profit you will make.
It doesn't get any easier than that.
This version adds an option to calculate Etsy fees. This option is off by default, but can be changed by going into the app settings.
This version fixes an issue with the settings not working correctly without restarting the app.
Ratings and Reviews
Someone Gets It!
Been manually calculating my pricing when on the go & away from my computer which is a lengthy process or hassle as some are bulk/team vs retail. Well the creator of this calculator has made it so simple quick & to the point. It works for a broad industry needs, as I do apparel & printing.
Great App for any project
I used this app the first time and had one issue I would like to have fixed. I contacted the app creator like the information said. He responded very quickly to my question and then he fixed the app to perform the way I needed along with leaving the option he fixed for me intact for other who may use it. Honestly if I could have given more than 5 stars I would have. His response time and willingness to help the people using his app deserves 100 stars. It is not often you get that kind of service. And now the app works great for my wife's small business. THANK YOU for a great app!!!!!
Developer Response ,
Not a problem. Thank you for the suggestion!
Works great! (Would like to see a "suggested" pricing option based on product type, but that may be too subjective to add!)
Developer Response ,
Thank you for the suggestion. I have been giving some thought about giving more advice on pricing in the app. I don't know if I would be able to add a suggested price based on product type, though.
The most important lesson that I learned in selling my own items is not to underprice yourself. The app helps take care of that by taking into account many of the variables that can have an effect on the price. In many ways, if you are making something by hand your own costs are more important than competing with other products on price. It won't do you any good if you match, or beat their price if you are losing money to do it.
I have been thinking a lot about adding pricing categories based on product, but I keep running across how to make the categories narrow enough. For instance - jewelry - how do you separate the various materials that it could be made of. Even if we take a ring the price range is pretty wide. Is it silver? Is it gold? Is it just a plastic ring? Is there a stone - if so, how valuable is it? That is a dilemma that I have been running across.
If you have an idea of how to break them down in a manner that would be helpful for you, feel free to e-mail me.
With Family Sharing set up, up to six family members can use this app.