How do I price my rug?

December 22, 2022

Something that we see frequently asked on our Might Networks community page (join here!) is, "How do I price my rug??"

The first option is a common pricing method for handmade items, which is to add up the cost of your materials, plus an hourly labor rate, to give you the total cost to make the rug (you can think of this as the wholesale price). You choose your hourly rate, but we don’t think you should pay yourself less than $25 an hour.

Then you should add a markup! The markup gives you some wiggle room to be able to sell your items at a shop that might take a cut, or to pay yourself for the time you spend selling it. 

This method gives you a clear breakdown of what everything costs in the process. But it also requires you to know all those things!

 The second option is to just set a rate per square foot. 

You can see in the spreadsheet that something between $50-75/square foot ends up giving you the same price as breaking everything down. This of course will change, based on your cost for labor (starting rate at $25 an hour, you deserve it, don't go lower than that!) and materials (wool is a lot more $$$ than acrylic and that should come through in the price)

To calculate how much yarn you might use in a rug, you can see our help center article here.

The spreadsheet should print on a single page, landscape. The excel sheet has all the formulas, so you can just enter numbers and it will add it all up for you!

​​Google sheets link (view only, but then you can make a copy and edit it)

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