HOW MUCH MONEY I MADE MY FIRST YEAR SELLING ON ETSY! Let’s talk income, expenses, fees, taxes, etc.

[@DoctorFashion]

I use to have an ETSY shop before I opened up my own e-commerce... Etsy is cool but it's definitely important to have your own website as well for customers to purchase... All those Etsy purchases from customers could be converted to members + customers on your own website which will increase your income... I use every platform that way...

[@melaninduh7962]

Great Tip

[@sellingtips6969]

How do you advertise your website?

[@Tabitha16]

Did you create your own website through Shopify or another place such as wix?

[@fjwhshtreuytghfdertgxcfdxw2678]

Etsy vous offre 40 mises en vente gratuites : Get 40 FREE Listings by Signing Up For Etsy here : etsy.me/2POvlWG

[@vodz-ws5yr]

How do you get people on your website vs all the people that go on etsy?

[@dr.mommybudgets3127]

With this being your first year, you had a large equipment purchasing amount...next year your profit should be much larger. Great Job girlie!!!

[@ShayBudgets]

My equipment was $200

[@dr.mommybudgets3127]

Oh ok. I guess the overhead was a bit pricey. But it's still worth it in the end.

[@ssfoster95]

@@ShayBudgets your equipment would be your printers and your silhouette machine and your tools, mats etc. I would think those would be more than $200

[@yellowgirl273]

@@ShayBudgets but you said 6,000 in the video

[@maxberg1080]

A.renee that encompasses sticker paper throughout the year and materials such as bags

[@Filiaris1]

They have the fear that someone else would sell more than them, so nobody shares this knowledge. It's nice of you to share

[@username6406]

Hey,I am 12 and I am planning on running a Etsy shop during the summer. I’m starting to make friendship bracelets so I have enough to start off. My family is living check to check and having a little bit of money to spend on everything else. I am going to start to sell around my neighborhood and to family. Thanks for this video,because if not I would definitely have too high expectations😂 ❤️

[@airworks07]

Username I hope you do well. Best of luck

[@DistractedDaisy]

Hard work pays off... you will do well. Just pay attention to your stuff..

[@bri2535]

You go princess, hustle always pays off no matter what!

[@normidwest1316]

good for you I admire your determination

[@michaelc5386]

Stick with it! Just know that it might start slow but don't get discouraged! Play the Holidays to your advantage (Valentines day is coming up!) There is no better thing for you to learn at this age than how to make a wage, how to calculate expenses, and how to pay your taxes (Even if you don't have to yet because of your age).

[@s_J618]

I love that you did this video!!!! No one talks about these things !!

[@purpl3gemini]

I agree I am looking at start an etsy shop. And I have been looking for this information

[@CreativeEricafilms]

Agreed, new subscriber off of this video alone !

[@pinkpursuits7586]

I am too- I love seeing people becoming more open about these things.

[@diannehilson6381]

Thank you so much. I postponed opening an ETSY page because I couldn't find anyone to explain the pros and cons as well as you have done with this video. Sad to say no one had ever done this so well besides you. I appreciate your honesty and transparency. God bless in all of you endeavors. Wish you could help with my real life budget...lol.

[@ShannySells]

I LOVED seeing this practical and realistic picture. I just had my first full year too and made 20k profit after everything/ fees, refunds, incentory cost, business expenses. I’m pretty proud of that and looking forward to seeing where it goes! Thanks for this breakdown

[@SupremeMelaninGoddess]

Whew child the taxes is what hit different 🥴

[@ShayBudgets]

🤣🤣🤣

[@M0DFATH3R]

That’s what’s deterring me from selling anything on there lol

[@SupremeMelaninGoddess]

MEROIN true lol I hate taking 30% out of everything I make from my business but I wouldn’t dare play with the IRS 😂

[@Tttggggggg]

Totally Tiff why not?

[@valeriasuarez4320]

It's the IRS and Fed taxes for me 👁💧👄💧👁

[@eneeg.193]

You've had a year to face trial and error. I look forward to hearing your 2020 results.

[@ShayBudgets]

R Greer not much trial and error, as stated in the video

[@nlghydra1836]

@@ShayBudgets surely the trial part is correct since it's your first year

[@alexisdaniels1830]

@@nlghydra1836 it could just be her first year selling on Etsy.

[@BlueTopazDecemberBay]

Girl your hair is amazing as much as the info you’ve shared!

[@JtruUk]

Thanks for being so honest. I rely on Etsy and Ebay to run my business so when times are tough it can get me down but overall I am happy with what I do.

[@monohina1997]

As a junior in high school This will defiantly help me worry less about paying for university in a few years if I do well.

[@adagioborntrager4456]

Way to be confident and share your stats! I definitely agree, there isn’t a lot of information, money wise, here on KZbin. Thank you for helping us all.

[@lucidbeauty2608]

Happy Anniversary! I've been trying to open my own Etsy account, but I'm so nervous about doing so. I recently quit my job to try and focus on school more. I wanted to do Etsy as something on the side just to feed my creative side. Lately, I have been getting more and more nervous about opening it because of expenses and I wasn't sure how it would all planned out. Hearing you say that at the end of the day you're doing something you really love to do has made me feel more confident. Thank you for this video. Thank you for calming my nerves and congratulations!

[@cree_VI]

I also thinking for a while to open my shop in etsy and try to get more info as possible :)

[@airworks07]

I am also worried to try as well.

[@TrishTruitt]

Cute stickers in your shop! Thanks for the breakdown. One tip: You might flash in some graphics (maybe some of your products) as you're speaking (to the side maybe) just to keep it more visual and also plug your stuff.

[@ShayBudgets]

Thx

[@lindabeebe7065]

Trish Truitt I like that idea. Usually, I don’t want to leave KZbin to go check out someone’s Etsy. If there were samples put up briefly it would help.

[@jillianlloyd6450]

Agreed! Really appreciate the honesty in this video, and would love to find your stickers on Etsy! I think a small plug would be okay. 😉

[@GH56789]

I have looked into the way that Etsy fees are broken down and I have not seen anything remotely close to how transparent and clear You are in this video. Thank you for being so open! 💖💖💖💖 Wishing you the very best for you and your business!

[@eriana1147]

I’m 13 and i’m planning to start an etsy business! I’m gonna he selling my art. I’m really nervous because i feel like no one is gonna want to buy any of my art work. I’m gonna try to keep it up and hope i can atleast make a bit of money. Thank you for this video! :)

[@bigboxgiftshop7870]

Believe in yourself and and your art talent! You got this!! Keep going! Sell! Sell! Sell!!

[@MichelleElaineOfficial]

Yasssss hunny!!! So proud of you! This was a great breakdown

[@rashodsmom]

Also love your channel as well! Already subscribed ❤️

[@asiamay4087]

So much insightful info! Its so wonderful seeing other Black women doing their thing on KZbin and killing it in sales! As someone who just started their channel, it really is inspirational to watch! Looking forward to more content from you!

[@cjwsk12]

i love the way you think and explain things. you seem like a really smart, genuine hardworking person

[@Deaevtte]

people are saying how Etsy is a rip off but they need to make their coins too but the best thing about Etsy is you really get to build your business and when make a connection with your customers and grow you can branch of to your own business website and now you making more money

[@p3arworld]

When you said, "We have to pay the feds" I fell out!

[@KayDejaVu]

Remember people, transactional fees are tax deductible. That includes PayPal fees, and other credit card processing fees. Great breakdown Shay. So nice to see others making extra money.

[@tillaaayy]

Thanks for this video! It's so refreshing to hear someone talk REAL numbers. Idea for keeping your overhead low: because you have so much sticker equipment have you considered setting up shop for artist to send you their digital work / stickers and for you to print them out? Or for local artist to come over and use your equipment. I myself would love to print out my sticker collection and sell them in local cafes to get my brand out there but don't have the physical space to store more art equipment. Selling digital products through Creative Market is also a great way to keep overhead to a minimum. Thanks again Shay!

[@maryculshaw5164]

That was a very clear and concise presentation. Many people wanting to earn money have no idea of the hidden costs involved. I am sure many people will find this video very helpful, and appreciate the time and effort you have put into producing it. Well done

[@m.g.4830]

Wow. I can’t thank you enough for your genuine honesty and transparence. You are so much appreciated 🙏🏽🙏🏽🙏🏽

[@valeriazevallos8347]

Dang, I never even thought about all of these aspects. I just started my etsy store, so this is super helpful. Thank you!

[@trueone3093]

I love your attitude towards sharing information to help others. Most don't offer advice. It's enough money for everyone

[@edwinconsultoninstagramhel4416]

I talked traffic over on my store using Edwinconsult __ on Instagram and he helped out my store, lots of sales and orders followed up.. I’d recommend

[@CalicoCollage]

I know this video is almost a year old, but i have to applaud you for making for making this video and explaining everything so clearly. So many other youtubers are making videos with out the break it down and many desperate people are setting up etsy accounts with the idea they are going to be putting 6 figures in their pockets. So again thank you so very much.

[@mariannem8419]

Very realistic, especially acknowledging how difficult it can be if Etsy is your only source of income. Thank you.

[@JustJoia]

🎶🎶 Do you know what today is... it’s your anniversary. 🎶🎶 HAPPY ANNIVERSARY to SHAYBUDGETS! That is so cool. Congrats girl. Ok back to the video.

[@jenniesmythe8188]

Uhh etsy seems like a rip off. They make so much off of everyone. And the take away isnt much.

[@SunRayBabyJ]

It's the equivalent of putting a store in a traditional mall. You pay higher rent for the customers it brings. She could go on her own but may not get as much business.

[@tamlynn786]

Jennie Smythe -You gotta pay to play. Etsy is letting you use their site to get business. So yes they have to get their cut. You could get your own website but it’ll take time to build a customer base and garner traffic. It is what it is just sayin 🤷🏻‍♀️

[@ShayBudgets]

Actually KZbin is the real rip off. They take way more of a cut 🤣

[@aoutsky]

@@ShayBudgets that's interesting! You mean they get a big chunk of your ad sense revenue?

[@ellax325]

@@aoutsky Yeah, youtube take half of your adsense profit

[@Piratequeen010156]

This was so, so, so, so helpful. I'm so grateful to you! You're one of the few people that I've seen be so honest and real. I'm also grateful that you've listed your amazon purchases! I've been fretting over the right kind of sticker paper, and the fact that I can see what you use, I feel so relieved. Thank you very much! I'm super motivated.

[@averildaniels7479]

Shay, I just love your transparency. I have been looking at your channel for a while and have to say a big THANK YOU, for this video. Congratulations on your first year.

[@MM-cs3yz]

Fabulous break down, young lady. Absolutely FAAAAABULOUS !!!! Thank you for posting.

[@remnantfewministriesminist495]

Thank you for the breakdown and realistic understanding/ expectations of costs and fees.

[@ShayBudgets]

11/10/2018...the day I opened my Etsy shop and got my first sale! 11/10/2018 has come and gone, and it’s now 11/10/2019 which makes today the first anniversary of my Etsy shop! I would like to take this time to personally thank each and every one of you who shopped with me or supported me in any other way. It means a lot to be surrounded by such positive people and have such a large amount of people rooting for me. Again, thank you much! Now about this Etsy stuff and today’s video...it was important to me that I actually sat down with myself and “crunched” the numbers for year one. Of course I assumed that the time and energy and everything else was worth it, but...I had to make sure! I’m happy to announce that I was correct in my assuming, and that’s what we’re going to talk about in today’s video. We’re talking about INCOME, EXPENSES, FEES, TAXES, etc. You know...the nitty gritty...the business side of things. I hope that you guys enjoy today’s video and learn from it. If you want to learn about how I got started or check out any of my other Etsy-related videos, click the link below. I actually have a whole playlist dedicated to Etsy! kzbin.info/aero/PLTtNlSOtdFdfEGWPSRGKQAk_MlhbMCykg If you missed my recent video where I break down how much I’m earning from KZbin, click here: kzbin.info/www/bejne/e6fNaZ6ri6doers If you’re interested in learning how I make money online, click here: kzbin.info/aero/PLTtNlSOtdFdd3NuHc7W2plyp2AiV_52CC As always, I’m not a tax professional, so I would recommend consulting with a/your tax professional regarding how much you might consider saving or setting aside for taxes. Our tax professional provided us with a recommended amount and instead of actually saving it from my monthly Etsy earnings, my husband and I sort of divided up the amount and chose to have the amount withdrawn from our checks at our full-time jobs. However, there is a general rule of thumb which sources site at around 30%. Read more here: bench.co/blog/tax-tips/how-to-set-aside-business-taxes/ Lastly, I do have a new release/surprise coming later this month to celebrate year one on Etsy, and I hope that you guys will enjoy the surprise just as much as me! 😉

[@ZarinaAhmadzada]

i don't really understand the shipping fee. anyone sees this, can you elaborate??

[@ShayBudgets]

Zarina Ahmadzada I would actually prefer that you elaborate. Etsy charges a shipping fee

[@jaune-soleil]

Two year, 2020 update during a pandemic?

[@kaylankatara3275]

Girl I cant believe you made 30 THOUSAND dollars selling stickers

[@ShayBudgets]

I can lol

[@prosperity51]

Thanks so much for sharing. My husband has been pushing me to open an Etsy shop and I've been reluctant... This information is really helpful 😊

[@simonewilliams686]

You had a great year! I just stumbled upon your video and as a fellow small business owner, I appreciate your transparency! Thanks!

[@BoldBudgeting]

I love this! Thank you for always sharing your journey. I especially love that you are open with teaching other and don't just try to keep all of the info for yourself. You are awesome!

[@jaicbacote3494]

Whoa 😳 I was all excited with that first number then when you started deducting, I was ready to cry 😭 especially those etsy fees 😂 Thanks for the break down 💜 I look forward to when it’s tax time, how it will all play out. That’s the portion I am curious about!

[@ShayBudgets]

I’m sure we will likely owe as we do every year🤣 but we’ve saved for taxes, so it’ll all work out fine!

[@scarlet8078]

It's fabulous to see you talking about this online! You're a great role model & I wish more young women would publicly speak about financial matters

[@ItsNat]

This is something I've been considering for a while. I'm a graphic designer and I don't always get to do the most fun/creative projects, so I've been looking for a creative outlet that could also bring in some extra cash flow. I really appreciate you discussing your numbers - I know for a lot of people that's taboo! It helped put things into perspective for me. I've been contemplating opening my own side business for years, either on Etsy or elsewhere - quarantine has me thinking it might be the time! Lol.

[@edwinconsultoninstagramhel4416]

You should talk out traffic with Edwinconsult __ on Instagram, helped out my store and I’m getting lots of sales and orders now..

[@kennedynd1]

thank you so much for this video!! everyone talks about making their product and selling it but no one talks about the fees associated!!

[@ChalkAndRocks]

Thank you for breaking it down because all the info out there can get overwhelming and confusing!

[@nerd-tastic3622]

This has been really helpful for me because I've had an Etsy shop for years and haven't made a sale. Made more sales in person and was thinking about leaving Etsy to expand. I think I may give it another shot but needed to do more research to see what I am missing with Etsy

[@AnikasKreativePlans]

Thank you so much for sharing your success. Congratulations on your 1 year anniversary. This was a great video on how you broke-down all the income and the expense of your Etsy shop. Thanks again.

[@mystscot9814]

Thank you for taking the time to record this video and upload it to KZbin. I've never used Etsy before, I was curious about the fees etc etc, that Etsy charge, your video came up first, great breakdown of what it costs you, there is a lot for me to consider now if Etsy could be a viable selling platform or I may go down the eBay route. You've given me food for thought. Again, many thanks for the video, I wish for your Etsy store to flourish in the future. Happy 2020 when it arrives. :)

[@deadphi]

This was so helpful! Amounts are probably different for me here over in the UK but I’m opening an Etsy store next month and have been researching like mad on how to manage it well, this has been the most informative video so far!

[@morganbailey2916]

Hi I’m 12, for my 10th birthday I cut a circuit machine which makes and cuts sticker plus more. I also got lots of stuff to go with it , this year I realised how much I can do with it I’m saving up to buy procreate, Apple Pencil, colour printer, and other stuff you need to ship items, I’m opening an Etsy store to sell stickers, iron clothes,and customised water bottles. Thank you for this video so I can get an idea of what to expect.☺️😉😁

[@pumpkinthecrestie6420]

You go girl! I'm the same age and hoping to start an Etsy pet shop

[@arthurp4857]

Thank you for this - “secret” information that most never share.

[@lherath8658]

Thank you so much! I am looking into starting an Etsy shop and this is so helpful! Not a lot of people will be this open! ❤️

[@Mimi07mystery]

Thank you Shay for this video . I have been asked to open a Etsy shop but I’ve been unsure about it . This video has helped me to understand the financials of it all . Great knowledge to put in my mind .

[@sellingwithcameryn]

This video is amazing!! Thank you SO much!!

[@annalee91]

Hey Shay! Thank you for sharing your experience and for being so transparent - it really helps as I think about opening up a shop.

[@GinnyVOfficial]

I love how you break everything down. Thanks for doing that!

[@Jeanette10]

Thank you so much for this video Shay. I’m a new subscriber and wish I had found you sooner. You have really inspired me to start my own small business. Being a stay at home mom is a blessing and will never take it for granted although I would really want to make some income from home doing something I love, interests me, and may help someone else like you have helped me. Thank you again.

[@kitten2000]

Congratulations on one year anniversary! You are an inspiration to me and many viewers!

[@monicapwilson]

I really enjoy your channel. I think your one of very very few youtubers that tell the truth and that is super refreshing

[@samadhi1414]

I am blown away at how much Etsy takes...That's a lot!

[@hildaaguilarr]

You broke it down very well! Thanks so much for this video, it really helped me understand more about opening an Etsy business. :)

[@PenniesNotPerfection]

Happy anniversary! So cool to see how much you made. Have you tracked your time and seen how much you make per hour? I’m glad you didn’t have struggles with Etsy. All the Etsy groups I’m in seen like people only have struggles.

[@sabrinapack2135]

Shay this is why I follow you!!!You are awesome and this video helped me soooooo much!!! You will prosper and go so so far!!! Amen

[@hitthejai]

So so so happy that I was able to be part of this! I have always loved shopping in your shop. I hope you keep it for...awhile! I haven't gotten to shop in some time, but I have tons of your stickers.

[@haileypyle9322]

First off, congratulations on your anniversary! I love what your doing here and I just want thank you for this video! It is actually so so helpful!! Thanks doll😉

[@alexistee2402]

Happy 1 year anniversary🎉🎊. Thank you for sharing your numbers and experience I really appreciate it.

[@madisonstratford2671]

100% recommend a knowledgable accountant, mine has been worth his weight in gold.

[@dinostarry1831]

I’m tweenish and is (hopefully) starting my own Etsy selling stickers! I’m doing it for a hobby and for fun! This video is really helpful so thank you!

[@edwinconsultoninstagramhel4416]

I talked traffic over on my store using Edwinconsult __ on Instagram and he helped out my store, lots of sales and orders followed up.. I’d recommend

[@mommiemanagingmoney]

Congratulations on your 1 year anniversary. I appreciate you sharing the ins and outs of the business and the financial breakdown.

[@ShadesofSage]

Thank you for being SO transparent! I am starting my business as well and I will be sharing my process on my KZbin channel! Hopefully I'll be successful also. Continued success to your business as well!

[@ashiadavis7413]

Congrats on your success! I just wanted to thank you for this detailed breakdown. I'm planning on opening an Etsy shop and this was extremely informative! Thanks for sharing

[@distinctdecorations7311]

Hi Shay. I love your honesty in how Etsy works. Many videos that we all have viewed have not shared this information. Honestly, I've wonder how something so simple as stickers, people are buying. All are different but unique. Thank you for sharing.

[@edwinconsultoninstagramhel4416]

I talked traffic over on my store using Edwinconsult __ on Instagram and he helped out my store, lots of sales and orders followed up.. I’d recommend

[@sonjamarkwart8023]

Thank you for your transparency. I am grateful that you share so much with us.

[@ZaZenFlow]

Love the authenticity in this video. ✨️

[@cindyfollmar4515]

Congrats on your one year anniversary! It actually sounds like you are doing great since this is part time for you. Good luck and I hope your 2nd year is even better.

[@joelynb6366]

Thank you for sharing this information! It’s very helpful and much appreciated! Wonderful video!

[@KurtisCharlton]

Thanks for being so transparent! Best of luck in this crazy time with your business!

[@sellingtips6969]

Great tips I agree

[@seemagumbade9515]

I'm from India I wanted to open an etsy shop.. and I was searching for helpful videos like your.. but could not find anything that much helpful.. so randomly I got your video recommendation and I'm very thankful for it.. thank you for your information.

[@edwinconsultoninstagramhel4416]

I talked traffic over on my store using Edwinconsult __ on Instagram and he helped out my store, lots of sales and orders followed up.. I’d recommend

[@Justsayingthat]

Thanks for the open and honest explanation of your experience. Keeps things realistic

[@benmaraga2983]

Am from Papua New Guinea just north of Australia ... learned a lot from you. Thanks for the break down. Cheers!!

[@VeeJennica]

Yayyy! Congratulations. As an Etsy seller myself, it’s only up from here!

[@michelledelecki6224]

Thank you for sharing! I opened my etsy shop 2 months ago and am at $6k. it's nice to get an idea of what others make to compare.

[@penelopelane9631]

Excellent video. Thanks so much for sharing the info!!!

[@sharonjackson8543]

Thank you for your honesty. May God continue to shine on you.

[@edwinconsultoninstagramhel4416]

I talked traffic over on my store using Edwinconsult __ on Instagram and he helped out my store, lots of sales and orders followed up.. I’d recommend

[@artofnia]

This video was EXTREMELY helpful. Thank you so much for sharing girl!!

[@Sylviascampingandadventures]

You are extremely organized. I'm inspired by your work space. I'm interested in seeing how you organize your to do list and work space. This has really helped.

[@realetreasures6443]

Thanks for this. It's difficult sometimes to figure out whether it's worth it to step off into something like Etsy. I'm grateful for your opening up and letting us know the nitty gritty.

[@nia.aleese]

Thank you so much for making this! Like you said people don’t make content like this so thank you for being a (Nia)spiration ☺️☺️ You got a new subbie here!

[@TheOscar15432]

Happy Anniversary. I love all your videos. I really appreciate everything you share it really helps me.

[@pippajackson3027]

So cool of you to share all these specifics. Thank you!

[@kinorinadiy]

Girl, I love your hair accessories 😍

[@Kiahlaflame]

Congratulations on the anniversary and success!! The “Bill Due” stickers are so cute!

[@esteraraujostudio]

Thank you so much for this video!! I have been trying to do research on starting an Etsy and also struggled to find information on these specifics!! Thank you sharing.

[@ItsNish101]

Kinda torn between Etsy or my own e-commerce site. Thanks for the info. Also I'm trying to pick up that accent 🧐🤔. Good luck with your shop, and I hope it continues to grow. ❤

[@shanteldonald7656]

I made more sales on my esty after I talked it out with Edwinconsult __ on Instagram, helped out my store

[@shezs3255]

Thank you for this video. It is very informative. Also I just wanted to let you know, that you are beautiful! I love those gems in your braids ❤️❤️❤️❤️❤️ They look so cool!!

[@ceceliaventra9788]

Love your hair it’s so pretty!!

[@roseisonyoutube]

I’m planning on opening an etsy shop with my mum and sell her handmade pouches. Although we haven’t figured out the details yet, this definitely is inspiring! Good luck with your shop!

[@julielapointe8184]

That is a good profit. Thank you for sharing.

[@Beadofgoodcheer]

Thank you for candidly sharing your experience and insight. It’s very helpful (and encouraging) to get the real scoop on what’s possible but also realistic 👍😉