How to Price Your Products Competitively on Etsy (And Still Make SERIOUS Profits!)

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Күн бұрын

Пікірлер: 29

@itsheatherstudio Ай бұрын

Thanks everyone for watching and I hope this helped in your future pricing strategies! ❤ If you'd like to use the Profit Calculator shown in this video, you can find it here: studio.heatherxstudio.com/store

@lakelifeunlocked Ай бұрын

Can you give any assistance to a profit calculator for Canadian Sellers

@superbvajhuvina Ай бұрын

Pricing is such a struggle! I always worry about charging too much or too little. Finding that sweet spot between competitiveness and profitability is a constant challenge. A video that promises serious profits while being competitive sounds like a dream come true.

@robynlatorre7044 Ай бұрын

I hate that I always forget that if you make a custom listing and you're running a store-wide sale that it applies that custom listing price to have that store discount I wish there was a way to turn that off for custom listings because usually I chat and give them a price but then when I check out they get the store discount and it's not like they're going to say hey my price is lower than you said

@NataliH Ай бұрын

Thank you! This was perfect timing. I’ve been stuck overthinking pricing. I’ve been watching you for probably almost two years now and am finally adding POD to my shop. I never comment(yay for social anxiety) but really wanted to tell you how much I truly appreciate your videos. Not only for the content, but for you as a person. Your realness always makes each video relatable. So, thank you so much. 😊 Also, that sweater is super duper cute.

@itsheatherstudio Ай бұрын

Thank you so much for this comment and I'm so happy this helped with the overthinking on pricing! This is such a kind comment and it brought a smile to my face reading. Thanks for supporting my content and watching!❤

@CindySimpson-h8o Ай бұрын

Thank you so much, Heather!!

@CreativepreneurJourney Ай бұрын

This is helpful!!! I feel like I like I needed to rework on my pricing.

@sandysplannershopandcrafts4847 Ай бұрын

Love this Heather!

@itsheatherstudio Ай бұрын

Thank you for watching! ❤

@alysonmcdermott8290 Ай бұрын

Thank you Heather!

@itsheatherstudio Ай бұрын

Thank you for watching! ❤

@monys1974 Ай бұрын

Hm, I made a calculation for the ornament and with a price of 19.99 without a discount I would make less then 3$. I know that additional cost depend on your location but it is challenging to be competitive if you live outside the US.

@210leyla Ай бұрын

Very helpful! Do you still have the new shop? Any new data?

@crystalroccaforte5899 Ай бұрын

Love your videos!! So I have offered free shipping and no sales. If I want to change it up and not offer the free shipping and lower my prices. Will that make it look bad on my shop?? I’m trying to figure out why I’m not making any sales. So I can change what I need too!! Any advice would be greatly appreciated. 😅

@theMariaMaria888 Ай бұрын

I m just stocked and can’t list some products ,because I don’t know how to price, especially how to calculate Etsy ads, I planing to run 5 $ per day, so I need to add 5 dollars while calculating or just percentage, because other KZbinr told that is 17.5 percent from price, so it’s a lot

@danimotherofchickens479 Ай бұрын

There are entire shops, many in POD who actaully make a lot of sales, price to make only like 3$ per order. WIth ads on that's not sustainable. And I'm not talking about loss leaders. Specially if your new and in a competitive niche and trying to break into it. Even if you do what they do to get going, when you take off free shipping and up prices things slow. It is hard to make any actual profit I feel you have ads on, and you need ads now to break in now because of how competitive it is and once you get a place to keep it.

@danimotherofchickens479 Ай бұрын

*if you have ads on

@djpower8791 Ай бұрын

@@danimotherofchickens479The ads add up so fast too. I made decent revenue this month (my first) and was kind of shocked to see how little my profit was.

@djpower8791 Ай бұрын

@@danimotherofchickens479Like I’m actually almost convinced POD isn’t sustainable at all unless I had some viral product. I haaaate the free shipping guarantee feature so I opted out and hate that the algorithm incentivizes it. “Take shipping into consideration with pricing” doesn’t really mean anything if everyone else is undercharging so you can’t be “competitive.” I do the reverse engineering and I’m ready to ditch t-shirts and sweatshirts altogether. I’m a professional designer / illustrator and work in marketing and paper products seem to be where my sweet spot is at. I have no idea how people sell t-shirts, sweatshirts, hoodies or stuff like pillows profitably.

@Bekind95 Ай бұрын

Yes, I agree!

@itsheatherstudio Ай бұрын

Agreed with running ads and seeing a profit! I think it's difficult to price for profit if you're running ads. If you're trying to stay competitive as a new seller, you usually run into break even or losing money. That's why I'd recommend sticking to higher profit margin products to run ads on - examples of this is hoodies, sweatshirts, blankets, canvases, cutting boards or anything you can have a $10 to $15+ profit margin on. For Etsy Ads, $5 to $15 is the cost per conversion *if* you have a high converting product. A lot of times, Etsy ads will overspend due to this and the ads aren't paying attention to the metric of cost per conversion. Instead, Etsy ads focuses of Cost Per Click. For every Etsy seller, we need to focus on the cost per conversion which is the amount of money we spend for one sale. If you find you are at a loss(which if you are selling low profit margin products you typically will be in this category) then it's a good time to turn off those ads. I have a future video coming out about this to add to the layer of pricing as Etsy Ads is something that's layers deep so-to-speak on the strategy to use these. Thanks for this comment as it sheds light on this factor of ads and I hope my future video will also further help to drive these concepts!

@theauthenticbudgets Ай бұрын

Hello when I try to input a new item into the spreadsheet it is not showing up in the drop down menu for the Profit Calculator. Can you help with this, please

@shannonlydon2084 Ай бұрын

I was watching someone break down what she made off of an item she proved at $25.she offers free shipping. After the cost plus shipping plus the $2.43 Etsy fee, she only made $5. Thae seem worth it to me. Is that the average profits for a t shirt?