does not have any responsibility for updating or revising any information presented herein. No assurance is given that the information is comprehensive in its coverage or that it is suitable in dealing with a customer’s particular situation. Applicable laws may vary by state or locality. Additional information and exceptions may apply. This content is for information purposes only and should not be considered legal, accounting, or tax advice, or a substitute for obtaining such advice specific to your business. This can quickly jump up to 7.9% and 50 cents if you’re using PayPal as your primary payment method on Etsy.

If you’re using PayPal, you’ll also end up giving the service 2.9% of the item value in fees in addition to a 30-cent transaction fee. You’ll also have to factor in shipping and packing fees. For Etsy, you’ll pay a 20-cent listing fee per item, as well as 5% of the sale price when you complete a transaction. It’s also important to be mindful of any fees that come with Etsy and PayPal (if you’re using it for payments). Take some time to peruse other Etsy shops that carry products like yours to ensure you’re competitive. However, if all of your competition prices soaps at $4 or less, you may want to stick with a 100% markup. A combination of the two tends to generate the most profit.įor example, if it costs a total of $1.87 to make a bar of soap, you might choose to price at three times the cost, for a sales price of $5.61. There are two ways to go about it: You can set prices based on your time and material costs (internal pricing) or based on how much your competition sells similar products for (external pricing). Pricing your products correctly takes some time and analysis.

Setting up an etsy shop