Creativity & Motherhood
Welcome to the Simply September ‘Etsy Craft Profit Calculator’! I couldn’t be more excited to share with you this wonderful tool, created by Blackburn Labs. Whether you have an existing creativity based business or dream of starting one- you will find this tool very valuable. Designed with Etsy in mind, this tool is universal enough to be used with endless selling platforms. Designed to answer the 5 core questions for making sure your business is profitable, this tool will take the guesswork out of making your business a success. In fact, this is the exact tool I use time and time again to achieve $5,000+/month in sales.
5 CORE QUESTIONS ANSWERED
The Simply September ‘Etsy Craft Profit Calculator’ works to answer the following 5 questions:
1. How quickly do I have to make each unit? (TARGET TIME)
– Think amount of time you have to put into the product. If creating the item will take 2 hours, but you will only may $10, you will be far from profitable.
2. What is my hourly profit? (TARGET PAY)
– What hourly profit is “worth” the work to you? This will help you decide.
3. What is my maximum cost? (MATERIAL COST)
– Time to find out if you are paying too much for your materials and need to look elsewhere to source effectively and maximize your profits.
4. What is my transaction cost? (TRANSACTION COST)
– When selling on platforms aside from your own website (i.e. Etsy, Amazon, etc.) you are bound to pay transaction hosting fees.
5. What is my minimum unit sales price? (UNIT PRICE)
– In order to make a profit, your item needs to be priced accordingly. But, pricing it too high will make it undesirable. Find out how to best price it.
The Simply September ‘Etsy Craft Profit Calculator’ works to answer the following 5 questions:
1. How quickly do I have to make each unit? (TARGET TIME)
– Think amount of time you have to put into the product. If creating the item will take 2 hours, but you will only may $10, you will be far from profitable.
2. What is my hourly profit? (TARGET PAY)
– What hourly profit is “worth” the work to you? This will help you decide.
3. What is my maximum cost? (MATERIAL COST)
– Time to find out if you are paying too much for your materials and need to look elsewhere to source effectively and maximize your profits.
4. What is my transaction cost? (TRANSACTION COST)
– When selling on platforms aside from your own website (i.e. Etsy, Amazon, etc.) you are bound to pay transaction hosting fees.
5. What is my minimum unit sales price? (UNIT PRICE)
– In order to make a profit, your item needs to be priced accordingly. But, pricing it too high will make it undesirable. Find out how to best price it.