For LHS members, people often wonder what their profits will be and if they’re setting their prices correctly.
Sellers need to take into account their products’ base cost and shipping as well as any fees associated with the selling platform. Etsy, especially, includes several fees and commissions that sellers need to consider when pricing their products.
To help you keep track of these costs so you can optimize your profits, one of my assistants created this super useful LHS Etsy Profit Calculator.
The calculator is totally free to use. All you have to do is enter your email address below and you’ll receive the instant download.
*Please note the Etsy Profit Calculator has been updated as of 4/5/21 to reflect the comments and concerns of users. You can now download the updated version.
How to use the Etsy Profit Calculator
Using the calculator is very straightforward. Plus, directions are included on the spreadsheet. All you have to do is adjust the orange areas of the spreadsheet (do not try to change the grey areas).
Just input the following information about your products:
- base cost
- base shipping cost
Then, the calculator will tell you…
- the base cost and base shipping cost total
- Etsy’s payment fees ($.25)
- Etsy’s payment commission (3%)
- Etsy’s commission (5%)
- the total amount of Etsy’s fees and commissions
- the price you want to charge for your product
- the price you want to charge for your product’s shipping
And the calculator will tally…
- the total amount that customers will pay
- your profit
- your profit margin percentage
The Etsy Profit Calculator is super simple to use. But in case you have any trouble, my assistant made a quick walkthrough, which you can check out below:
I hope you find this calculator helpful! I’d love to hear your thoughts on it. Just leave a comment below. And if you enjoyed this post, please share it with your friends and followers!