How to Calculate Etsy Profits with Fees for Digital Products vs Physical Products with Erank from Tech mirrors
Do you know how to calculate your Etsy profits? Do you know how to determine your profit margins for products? In this video I walk you through how to calculate your profit when selling products on Etsy. I also walk through the process of calculating profit on selling a physical product vs selling a digital product.
https://erank.com/
Erank is a free tool where you can access many different tools for selling on Etsy under one program. They have free and paid versions of the tool.
You can use the Profit Calculator from Erank in order to determine how much profit you will receive after all the the Etsy fees, your labor costs, your material costs.
It is important to know how much profit you are making on each item you sell on Etsy in order to know how much wiggle room you have for things like offsite ads, running your own ads, and more.
Running a profit calculation on products you will sell on Etsy also gives you a great idea of why digital products are so amazing! The profit margins on digital product sales can be 70-80% or even more!
Digital products are amazing because these are things that you can create once and sell online over and over creating passive income and freedom in your life.
Want to start selling digital products on Etsy? Here are 60+ Digital Product Ideas To Sell On Etsy To Make Passive Income β https://youtu.be/tP0aigcEQhw
Don’t sell on Etsy yet? Learn how to start a new Etsy shop and get 40 free listings! β https://youtu.be/CW4hQ32C1ZQ
π RECOMMENDED RESOURCES π
πΉ Creating Digital Downloads πΉ
βͺοΈ Adobe InDesign β https://penniesnotperfection.com/AdobeIndesign
βͺοΈ Canva β https://penniesnotperfection.com/Canva
βͺοΈ PicMonkey β https://penniesnotperfection.com/PicMonkey
πΉ Selling Digital Downloads πΉ
βͺοΈ Etsy (best marketplace) β https://penniesnotperfection.com/StartEtsyShop
βͺοΈ Shopify (best option for sales) β https://penniesnotperfection.com/Shopify
βͺοΈ SendOwl (great for one off items) β https://penniesnotperfection.com/SendOwl
βͺοΈ Podia (good for products & courses) β https://penniesnotperfection.com/Podia
βͺοΈ WooCommerce (best with WordPress) β https://penniesnotperfection.com/WooCommerce
πΉ Online Business Tools πΉ
βͺοΈ Keyword research tool for YouTube (TubeBuddy) β https://www.tubebuddy.com/penniesnotperfection
βͺοΈ Affiliate marketing network (ShareASale) β https://penniesnotperfection.com/ShareASale
βͺοΈ Social media tool for promoting content (Tailwind) β https://penniesnotperfection.com/Tailwind
βͺοΈ Website hosting $3.95/mo (BlueHost) β https://penniesnotperfection.com/WebsiteHosting
πΉ More Resources πΉ
βͺοΈ My favorite resources β https://penniesnotperfection.com/DigitalDownloadResources
βͺοΈ My friend Sharon’s Etsy Entrepreneur course β https://bit.ly/PenniesEtsyEntrepreneur
π ABOUT PENNIES NOT PERFECTION π
I started selling digital downloads to go along with my YouTube channel in 2019 and fell in love with digital products. Itβs been my favorite creative hobby and one of my best, most consistent income streams that earns me money every month even if I donβt work on it. On this channel I love sharing creative projects and all the info Iβve learned about how to create and sell digital downloads for passive income.
π AFFILIATE LINKS π
The channel description contains affiliate links. I get commissions for purchases you make through links shown here. It doesn’t affect your purchase in any way and the commissions help support this channel.
#etsy #digitalproducts #etsyseller
original Source Tech mirrors