KEY: (1) Take the minimum wage in your state & multiply by 3. More experienced artists will start with a higher wage. This is the basis for the entire formula. (2) Supply costs. Try to buy wholesale or in bulk to reduce this cost. Try reducing supply costs and add the difference to your hourly wage, eventually. (3) Add hourly wage and subtotal. (4) CAF tax is given for unique art that is made. This is .20% of the subtotal. Do your research and see what is out there. (5) Add 10% overhead to your subtotal. (6) This is your retail price if you are selling direct to the public. (7) Date your art was created. (8) Date items sold. If items do not sell within the allotted time (3-4 months) put those items on sale .20%.

Retail Pricing Formula *If you sell on Etsy or a website, you must add those fees to your pricing formula!Hourly Wage $24.78 (1)

Supply Cost (2)

Subtotal (3)

CAF Tax .20% (4)

Overhead 10% (5)

Retail Price (6)

Date Created (7)

Date Sold (8)

Product Notes: (Size, limited edition, colors etc.)

$12.39 $9.17 $21.56 $4.31 2.16 28.03 *based on 30 minute creation time. Be honest with your time and record everything!! Don’t cheat yourself!