Official Website
Stocksmith (formerly Craftybase) is an inventory and bookkeeping tool made for handmade product sellers.
🔗 Visit Official Website — Stocksmith
Domain: stocksmith.io
What This Website Is
Stocksmith (formerly Craftybase) is an inventory and bookkeeping tool made for handmade product sellers. For 🧶 Selling Crafts & Handmade Goods, it helps you track materials, costs, inventory, and profitability.
How to Apply It to Selling Crafts & Handmade Goods
Use Stocksmith as your “materials-to-profit tracker”: log materials → record production → track inventory → understand profit per item.
Step-by-Step Implementation:
- Check the current tool’s features and record the units and actual purchase costs of materials.
- Create a product cost example including waste, packaging, labor assumptions, selling fees, and other relevant costs.
- Record production, inventory movements, and sales consistently and reconcile them against source documents.
- Review margins and stock discrepancies before changing prices; a tracker’s estimates are only as reliable as the records and assumptions entered.
When to Use This
- You sell handmade products with material costs
- You need inventory and cost-of-goods tracking
- You want clearer profit per item
Best Tasks to Use It For
- Materials tracking
- Product costing
- Inventory management
- Profitability reporting
Getting Started Steps
- Add your materials and supplier costs.
- Create product recipes or bills of materials.
- Record finished inventory and sales.
- Track packaging, shipping, and fees.
- Review profit per product monthly.
- Adjust pricing based on actual costs.
- Archive discontinued products and old inventory.
Good Beginner Search Terms
- handmade product cost calculator
- Stocksmith inventory setup
- pricing handmade goods materials labor
Monetization Angle
Accurate product costing protects margins and helps identify which handmade items are worth scaling.
Pros
- Built for handmade sellers
- Tracks materials and profitability
- Supports inventory discipline
Cons
- Paid tool
- Requires consistent cost and inventory updates
Who Should Use This
Handmade sellers who need better inventory, materials, and profitability tracking.
Who Should Skip This
Crafters selling only occasionally with simple costs they can track manually.
Practical Applications
- Check the current product offering before setting up material and finished-goods records.
- Track quantities and actual production costs for a small handmade product line.
- Reconcile recorded stock with physical counts and sales-channel statements.
Important Considerations
- Verify the current product identity, features, integrations, pricing, and any migration arrangements rather than relying on historical names.
- Inventory estimates do not establish tax treatment or accurate unit costs without complete records; control access and keep source documentation.
Related Resources
Notion — Stores product notes, launch checklists, and handmade business SOPs.
Wave — Tracks broader income, expenses, and tax-ready reports around handmade sales.
Cricut Design Space — Creates craft designs that later need cost and inventory tracking.
Related Side Hustles
Selling Crafts & Handmade Goods — Stocksmith tracks materials, product costs, finished inventory, and profit for handmade sellers.
Selling Digital Products — Some craft sellers also sell patterns, templates, or printable files with similar product tracking.
Print-on-Demand — POD sellers also track product costs, margins, listings, and best-selling designs.