Pricing Handmade Jewelry on Etsy

Handmade jewelry sellers typically enjoy high margins but face significant raw material costs and high competition. Properly calculating your labor and material COGS is essential to ensuring you aren't working for minimum wage.

Accounting for Labor and Materials

Unlike digital or POD sellers, jewelry makers must track fluctuating material costs (silver, beads, wire) and assign a monetary value to their time. If a necklace takes you 2 hours to make, and your raw materials cost $10, selling it for $45 might seem profitable until you deduct Etsy's fees and your hourly labor rate. Use this calculator to reverse-engineer your required retail price so that you are adequately compensated for your craftsmanship.