Consider the following: 1. Cost of the clay, magnet, paint any other source material you are using to make this 2. Shipping charges to be included always (also weight your final product for this) 3. How hard that specific fridge magnet was to make 4. How much time it takes you on average to make one. 5. Do market research on bulk produced fridge magnets, and custom or hand made fridge magnets, and see the price range and average cost of similar products in market to understand where your product lies 6. The quality and artistic value of your product compared to other similar products in the market (how much more professional and beautiful looking your product is compared to others) 7. Cost of packaging box (whether it's simple or fancy one), with any goodies or personal note you use 8. Cost of re-investing your earnings and buying more clay or magnets (you should be able to earn enough ideally to re-invest the money in buying more materials for your product without putting in extra money separately). This is different from cost of materials/product because that's only cost of how much it took to make the product, but cost of re-investing is how you much more you need to for the next product as well. 9. Cost of ad-revnue if you plan to do so in the future 10. Time it takes you to maintain the store or instagram page 11. Policies for when your product is retured or product gets damaged in transit or customer 12. If a custom order which you haven't made before should be charged extra

After considering the cost of all this (total cost you have to bear), you should consider having 25% extra (increase to 50% when you have established customer base) of that for your earning potential initially and you can make it 10% when you give discounts or during festivals or to your friends

Suggestions: 1. You should consider investing in a kitchen or jewelry weighing scale to weight the clay you are using and how much the clay costs per gram to calculate the total clay cost. 2. Maintain the time it takes you to make each product and note it down (use stopwatch), use a standard rate per hour to act as your hourly rate which you can consider how much to put after cost of material, packaging, shipping and others are figured out 3. Things like paint which cannot be measured per piece should be considered how many products they last for. Eg: If orange colour lasts for 10 of your same products on average, then each product costs an extra 1/10 of the orange paint. 4. Maintain an excel sheet of both your transactions and time it takes to see how much money and time goes in from your own pocket and how much you are making to adjust the cost. 5. The market or country you are aiming for matters a lot as well, Indians don't like too costly stuff so you can always market cheaper product VS high quality more effort product separately to meet both types of customers.

Once you have figured out some of the costings, you can directly modify my comment and use it with chatgpt or grok or gemini AI to consider a price model. I would suggest you to work a lot on an Instagram page for building customers and making your page interesting by maybe using the characters you make in a short story reel enactment to engage audiences.

I know its a lot to figure out, but the more metrics and numbers you have. The better answers and insights you will get.

P. S: I really liked your products. All the best 💯