How to Calculate Etsy Profit

Member

By Upon-Request
User-Submitted Article

Article Rating:

(9 Ratings)

Etsy - Your place to buy and sell all things handmade.

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 are 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. Here's a few tips for figuring profit on Etsy.

Difficulty: Easy

Instructions

Things You'll Need:

Internet
Etsy account
Paypal account
Handmade or vintage items and supplies to sell

Step 1

Make a list of the items you are currently selling, or wish to sell on Etsy, then add the price you'd like to sell each at.
Step 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)
Profit

The price and shipping fee is a manual entry, while the Etsy Fee and Paypal fee are a formula, and Profit is the total (formula) of the other columns. If your profit doesn't appear to be enough, go back and edit pricing.
Step 3

If creating spreadsheets isn't your forte, try using the free Etsy fee calculator link in the Resources below. 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 what you should price your items at to get the profit you are hoping to achieve.