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.
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 ➝ https://youtu.be/tP0aigcEQhw
Don’t sell on Etsy yet? Learn how to start a new Etsy shop and get 40 free listings! ➝ https://youtu.be/CW4hQ32C1ZQ
???? RECOMMENDED RESOURCES ????
???? Creating Digital Downloads ????
▪️ Adobe InDesign ➝ https://penniesnotperfection.com/AdobeIndesign
▪️ Canva ➝ https://penniesnotperfection.com/Canva
▪️ PicMonkey ➝ https://penniesnotperfection.com/PicMonkey
???? Selling Digital Downloads ????
▪️ Etsy (best marketplace) ➝ https://penniesnotperfection.com/StartEtsyShop
▪️ Shopify (best option for sales) ➝ https://penniesnotperfection.com/Shopify
▪️ SendOwl (great for one off items) ➝ https://penniesnotperfection.com/SendOwl
▪️ Podia (good for products & courses) ➝ https://penniesnotperfection.com/Podia
▪️ WooCommerce (best with WordPress) ➝ https://penniesnotperfection.com/WooCommerce
???? Online Business Tools ????
▪️ Keyword research tool for YouTube (TubeBuddy) ➝ https://www.tubebuddy.com/penniesnotperfection
▪️ Affiliate marketing network (ShareASale) ➝ https://penniesnotperfection.com/ShareASale
▪️ Social media tool for promoting content (Tailwind) ➝ https://penniesnotperfection.com/Tailwind
▪️ Website hosting $3.95/mo (BlueHost) ➝ https://penniesnotperfection.com/WebsiteHosting
???? More Resources ????
▪️ My favorite resources ➝ https://penniesnotperfection.com/DigitalDownloadResources
▪️ My friend Sharon’s Etsy Entrepreneur course ➝ https://bit.ly/PenniesEtsyEntrepreneur
???? ABOUT PENNIES NOT PERFECTION ????
I started selling digital downloads to go along with my YouTube channel in 2019 and fell in love with digital products. It’s been my favorite creative hobby and one of my best, most consistent income streams that earns me money every month even if I don’t work on it. On this channel I love sharing creative projects and all the info I’ve learned about how to create and sell digital downloads for passive income.
???? AFFILIATE LINKS ????
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
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