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Cost of Goods Sold

Cost of Goods Sold (COGS), in a nutshell, is ALL of the costs associated with the items you make or the services you sell or provide.

If you’re a maker, then it includes the materials you use in your finished items and all of the costs associated with selling that item.

As a designer, then it’s all of the materials and other costs that goes into getting that pattern out the door and sold.

And, if you’re a tech editor, then it’s the supplies that you use when doing an actual tech edit project for a client.

Depending on what your handmade or creative biz is all about you could call it different things – but they all mean the same thing.

  • Makers should stick with Cost of Goods Sold
  • Designers might call it Cost of Designs or Cost of Samples
  • Tech Editors might call it Cost of Sales
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