Starting a small business is obviously a roller coaster, so let’s talk about what I’ve learned about shipping. Although I am very much an amateur in the small business community some may call it a side hustle but I’d rather poor the energy out there that it is a small business. Either way let’s not get off track, being an amateur means learning as you go and while some may decided to skip past the icky parts I would rather document my journey to help others. Also it doesn’t hurt that sometimes mistakes can make amusing stories too.
While I do not have a “successful” Etsy shop yet I have been learning as I go. At this stage I am learning a lot so rather than be ashamed of having the few orders I do I decided it was the perfect time to share my knowledge to help other new Esty shop owners or those curious as to if Etsy is a good place for them to sell their crafts. In the video today it showcases how I package an order which in itself is always fun to see how people do it and what they include in their packages. Also discussed today is the actual stats for this listing meaning what the profit margin is as well as where the rest of the money actually goes when selling on Etsy. Shop owners usually say that they are “successful” and that Esty takes a portion of the money but I’ve yet to see someone share the raw data. I know I was curious before opening up my shop and yes Etsy gives a full description and calculator on its site, however, I did not find it helpful or accurate. It is very misleading which is why I am breaking it all down for you so you can do the math to figure out how to properly list your items.
Stats Cheat Sheet
- Listing Fee: $0.20
- Relisting Fee: $0.20 * They will charge a $0.20 relisting fee to change the stock number to the next digit and keep the item listing for sale.
- Shipping Label: Depends on the weight and size of the product and will not effect your profit unless you are offering free shipping. The label is added into the order total which is added in through the processing fee.
- Processing Fee: 3.0% of the order total plus $0.25
- Transaction fee for Shipping: 6.5% of shipping total
- Transaction Fee for Product: 6.5% of item total
- Sales Tax: is collected from the buyer and does not effect your stats but is calculated towards the processing fee since it is down with the order total.
*The simplest way to calculate your portion is to calculate 78% off your listing price. Yes that means the other 22% goes stickily to lovely Etsy fees. Keep in mind this is a rough estimate to simply help guide you to create your proper pricing. From the 78% you will also need to dive in a little further by subtracting all material costs. Next subtract your personal labor cost and then you will have your profit total.
Example: A handmade blanket listed for $50 without free shipping. The item cost $7.95 for the customer to ship to their residence and the tax rate is 7.5%. The customer paid $61.75 total.
|Fee||Fee Amount||Running Total|
|Processing Fee: 3.0% of the order total plus $0.25||$1.85 + $0.25 = $2.10||$59.65|
|Transaction Fee for Shipping: 6.5% of shipping total||$0.52||$51.18|
|Transaction Fee for Product: 6.5% of item total||$3.25||$47.93|
|Listing Fee: $0.20||$0.20||$43.98|
Let’s break down our profit into our expenses.
|Material Cost||$12.00||Fabric Cost|
|Labor Cost||$15||Your Portion|
|Retail Price||$50||Listing Price|
|Profit||$16.98||Back into business|
Free PDF Template for Download. (:
Over the past year I have tried my hand at reselling clothes and various items. Currently, I’ve sold over sixty items! As time has progressed so have my strategies of creating quality listings. Below are my top tips for creating listings that leave viewers with all the information they need in order to purchase your items with confidence. One thing I would not recommend wasting your time with is creating a fluffy description. Instead fill the description section with essential information. I have created a cheat sheet list down below of what I recommend putting in the description section. Also use these tips to up your photography skills for flat lays and more. If you would like to see how I edit my photos for listings please let me know. (:
Stains can be annoying and somehow thrilling whenever you find the perfect cure all. Either you walk around cautiously or only wear dark clothes to lower the percentage of ever coming into contact with a spot that ruins your favorite outfit. Although I have reviewed stain removers in the past I wanted to see which one was the absolute best. I’m constantly trying new spot removers for items I’m selling on Poshmark as well as for items I love such as the sweater in the video below with several mystery spots. In the tutorial below I will be testing: Zout, homemade paste, Grandma’s Spot Remover, and Clorox Bleach for Colors.
Happy holidays everyone! Does anyone else hear Jack Skeleton’s voice (from the ride) when anyone says this? Wanted to create a short post on my favorite cyber deals this year. These are strictly the deals that I used on purchases for myself so that I could test them out. First was on a random Target trip when I spotted the Thomas Kinkaide puzzles, instantly I assumed they would be $25-30+ as they were Disney. There were no price tags for them so I simply passed by them the first time I saw them. The next trip I decided to pick one up and see how much they were with the self scanner. Once it rang up for $4.99 I was shocked and skipped my way back to the Disney section to get more. Altogether it was $15 for twelve 500 piece puzzles which is crazy even if they weren’t Disney. I believe it started a new holiday tradition as well, to spend time putting together puzzles whether it be on a Saturday or even 15 minutes after work.
When it comes to the question what is my dream job it has always encompassed two things, fashion and creating which is why I finally took the plunge and opened up an Esty shop!!! No, I am not hoping for overnight success but the ultimate goal is earning enough to support myself and my family one day. I like the freedom creating gives me and to be honest I’ve always fancied what goes on the item rather than making the actual item from 100% scratch. It’s an amazing feeling knowing that someone is enjoying and creating memories in something you designed.
Push, pop, click, the time is approaching for things to open up, restrictions to be lifted and tensions to continue to rise. The anxiety is still in the air to make these next steps and if you are a part of the worry wart club. Welcome, here are a few tools to reduce these feelings plus there pretty fun even if you’re not stressed too. All of these tools work by altering your chain of thought in various ways such as texture, pressure and aroma.
Did you know the average person only utilizes twenty percent of their closet? Take a moment to analyze your own closet, how many pieces have been pushed to the deep dark crevices in your closet? Are there items you purchased but never actually wore apart from trying them on once? Unfortunately, there are a few of mine which I did not feel confident in but kept with the intention that one day I would. It’s a trap for some and a good motivator for others. Wherever you fall on the spectrum, I’m sure there are a few items laying around that you are willing to get rid of so why not sell them to regain a portion of your money back. I used to think the only people that were successful selling their used clothes were those who had a large following online but honestly there is a buyer out there for everything.
Although it has been a couple of weeks it still seems so surreal that we moved. People keep asking how I feel about all the changes, I’m happy but I’d be lying if I said I didn’t miss it too. Funny isn’t it, how one moment can feel like forever and once it is over it’s as if it happened in a blink of an eye. No, it was not an easy decision or journey by far, there were a lot of challenges and things we never anticipated that arose as well.
We are in the countdown to Christmas and it seems like time is flying this season. While things are definitely different at least this season tends to make things seem a little better as we settle into baking and decorating the house. The plan was to be out of the tree house before this Christmas but things change so… another tiny house Christmas! Here are some of my top tips for decorating a small space for the holidays.