How to Calculate Etsy Profit

It's not difficult to calculate Etsy profit.

Etsy is an online showcase where artisans and crafters can go to buy and sell their vintage and handmade items. It can be a profitable small business for many work-from-home entrepreneurs. If you are currently selling or planning to sell soon on Etsy, one of the major considerations is pricing your handmade or vintage items and supplies at a price that will make a profit. You will want to take several steps to ensure you figure a sufficient amount of profit.

Difficulty:

Easy

Instructions

Things You'll Need

• Etsy account
• PayPal account

1. Make a list of the items you are currently selling or wish to sell on Etsy. Add your prices for each item.

2. Create a spreadsheet of the items you are selling, and add the following columns: Item Price; Shipping;Etsy Fee (3.5% + $0.20); PayPal Fee (2.9% +$0.30); and Profit.

   The price and shipping fees are a manual entry, while the Etsy Fee and PayPal fee are a formula; Profit is the total (formula) of the other columns. If your profit doesn't appear to be enough, go back and edit pricing.

3. Use a free Etsy fee calculator, If creating spreadsheets is not your forte. The developer has already plugged in the necessary calculations, making it a quick and easy price gauge. You can even use the "reverse calculations" to see exactly where to price your items to get the profit you are hoping to achieve.

References

• Rolbe: Etsy Fee Calculator

Resources

• Etsy.com