Etsy Fees

[Daphnesmate01]

Hi Thinking of starting a shop on Etsy.

Does anyone have an Etsy shop? I have done the calculations but want to make a check that these are correct. So for example...the fees for listing and selling an item that would cost £10 including postage (do you gain any advantage for 'free' postage - I understand it isn't actually free postage, you need to incorporate it in the cost of your sale.) I've used the example of £10.00 for easy calculation purposes but if you sell a repeat item (don't need to specify what) for a set cost, I would be interested to know how much profit you actually make. Again, I've done the calculations but worried I have missed something.

Thanks for your time, very much appreciated.

F

Ah, I think I've found an Etsy calculator on-line.

Still interested to hear how things are going if you sell on Etsy.

You can charge delivery to the customer or have a higher price and incorporate it in and offer "free delivery"

Its 20cent to list an item then 5% transaction fee.

I'm not aware of other fees. I do have an etsy store. But i haven't noticed more.

I got caught out recently by Etsy with their ‘offsite fees’ of 15% + Vat. I think you can opt out though so def check through. I sold something someone had found ‘offsite’ so maybe I wouldn’t have got the sale otherwise but I hadn’t marked up my price enough to cover a 15% fee so I lost money on that sale 😞

Thanks Antique, I'll check the offsite thing if I go ahead.

As with all these things, there is always the danger of underestimating the spend on packaging etc.

I am planning a hobby business really, so not dependent on income from this but obviously want to make a bit of profit, though no doubt, I might end up working for below minimum wage. I guess the only thing to do is to give it a go and see how it works out. So, long as I keep my initial outlay as low as possible, there isn't too much to lose.

I have an established Etsy shop and have sold 1000’s of products. The fees (not including offsite) for UK sellers work out roughly at 14%.
Include postage and packaging in your item price and list free postage.
Hope that helps!

I sometimes buy from Etsy. Just wondering if the sellers there are mostly small businesses and if not can I tell the difference?

Watching with interest - I normally sell at craft fairs etc but obviously not a lot happening this year so considering Etsy. My understanding is it's 15p to list an item then a charge of 5% of the selling price (transaction fee) then a further 4% of the selling price (payment processing fee) and another 20p.

Is this correct?

Would there be PayPal fees as well?

No PayPal fees but there are payment processing fees. Etsy has its own payment processing. It’s 20p to list each time you sell an item (not just the first time you make the listing) plus 5% but all the payment processing fees and then VAT it works
out roughly 14% from a £10 item.
@UselessASD
im not sure what you mean? Etsy its self doesn’t sell anything? It’s a market place and every item on there is from an individual business. The vast majority are small businesses

I have a fairly new Etsy business that is a business born of a hobby. To give an idea on fees, in my first month I took a revenue of around £190 and after all fees had come out I was left with £145ish (I also pay $1 a day in advertising which is included in that reduction but helped get sales). Then of course I had to take into account my material costs, packaging and postage etc which can vary greatly depending on what you sell.

I hope that's helpful, sometimes it's useful to see the actual numbers and how much you're left with. Your plan sounds good though, start small and when you get going you can always reinvest the money.

Thanks for all the responses so far, it's been really helpful.

autumnhare and others who have an Etsy business good luck.

Can I just ask re. packaging, has anyone found a supplier (small cardboard boxes, bubble wrap etc.) that is cheaper than the others, I've found what I think is the cheapest from a web search but interested to hear any tips as packaging can be fairly costly.

Hi OP.
I'm interested in doing exactly the same with my own hobby. Have you managed to sort decent packing out?
Also wondering about selling fees on FaceBook marketing? I'm not on FB but would be happy to enrol to sell.