Start with the smallest test
Your first five steps
- Add all costs for the batch
- Divide by the number of sellable items
- Add fees paid per sale
- Choose a fair profit amount
- Test the price with suitable customers
QuidKids practical business guide
How Kids Can Price Products for Profit
A selling price must cover every cost before it creates profit. The cheapest price is not always fair or sustainable.
Starting money: Any budgetStarter price: Use true costsAdult supported
What to say
“Hi, I’m testing this idea with help from my parent or carer. I’ll explain exactly what is included and the price before we begin. Would you like to hear how it works? No problem if not.”
Understand the numbers
A simple money example
If materials for 10 items cost £12 and packaging is £3, the base cost is £1.50 each. A £2 sale produces only 50p before other fees.
Revenue - every real cost = actual profit.
Build the full project for free
Choose the idea, calculate the price, find suitable customers and record the real result.
Open My QuidKids ProjectDownload the free £10 Challenge