Etsy 101: Types of FEES ＄ // ETSY FEES EXPLAINED

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Etsy 101: Types of FEES ＄ // ETSY FEES EXPLAINED

Рет қаралды 18,650

Жыл бұрын

In this second video of our ETSY 101 series, we're talking all things ETSY FEES. If you've needed a simple break-down of the costs associated with selling on Etsy and need all of the Etsy fees explained, this video is for you. Our Etsy 101 series is a group of Etsy shop for beginners tutorials walking through the basics of selling on Etsy- covering things like steps for starting an Etsy shop, how to pay Etsy fees, smart tactics for your Etsy business, strategy to sell on Etsy successfully, what to sell on Etsy, elements of a shop and listing, and so much more. If you've wondered how to make money on Etsy or wanted a "how to sell on Etsy for beginners" tutorial, I got you covered. Whether you sell Etsy digital products, physical products, or Etsy print on demand, this series is sure to get you started off on the right foot. You'll learn how to manage your Etsy seller account and get my top Etsy tips for making consistent sales each day. Etsy 2024 is more promising than ever and doesn't have to be a mystery- let me walk with you step by step. No more time wasted scouring the internet for work from home online business ideas, info for selling on Etsy fees, or how to sell on Etsy and make true revenue. Stick around and I'll share everything you need to know to get your Etsy store started and growing today!!
✨ Mentioned in this video:
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➡️ Etsy 101: Types of Products Video: • ETSY 101: What to Sell...
➡️ Etsy Pricing Strategy Video: • 👉 The SECRET pricing s...
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➡️ Etsy Fees Info: www.etsy.com/legal/fees/
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Пікірлер: 64

@mcmarine777 Жыл бұрын

Etsy almost forces ppl to NOT allow low prices for customers; otherwise sellers wouldn't break even, due to fees. Esty is obviously making out nicely, considering most of these fees are charged automatically, so no one at Etsy is actually doing much work but they're collecting massive fees from the people who ARE doing the work - the artisans creating the product.

@NorellWinburn 8 ай бұрын

they're not doing much work? hahaha, dude, come on. I'm sorry, but you absolutely have no idea what you're talking about. Maybe you should build a site to compete against Etsy, if it doesn't take much work 🤣🤣🤣

@mcmarine777 8 ай бұрын

@@NorellWinburn automation is a beautiful thing…

@filomenaputrus2718 Жыл бұрын

Great information. Thank You.

@dbeststuff777 Жыл бұрын

Great knowledge thank you

@carried809 Жыл бұрын

Kate, could you provide more detailed info on how the bid process for ad fees are determined? Thank you for all the other fee info you have provided!

@LL-vd3qi 6 ай бұрын

Listing FEEs, Payment FEEs, Processing FEEs, Click FEEs (you have no way of actually counting on the back end), Shipping FEEs, Label FEEs, Just Because FEEs, Big FEEs, Little FEEs........😄😄😄 I do not have an Etsy shop but I know people who did/do. I'm curious why Etsy doesn't simplify costs for sellers by implementing an annual membership FEE instead to eliminate all the annoying fees. It will definitely simplify the Sellers record keeping and will probably be more cost effective. How can Seller prices be competitive and still make a profit?

@Judetv10 Жыл бұрын

Love the video!

@KateHayes Жыл бұрын

Yay! Thank you for watching! 💛

@cathyfarmer3691 Жыл бұрын

Thank you for your video.

@KateHayes Жыл бұрын

You’re so welcome!

@annwawatai3372 Жыл бұрын

Thank you for the information..its just made me go back to starting a wix account. At least with wix I know I just have to pay what I can understand. Way to much fee jargon. Otherwise im glad I found out this information before I got in to deep. Thank you. Most appreciated.

@KateHayes Жыл бұрын

You’re welcome, while fees can be confusing, the ease with Etsy and traffic you can tap into is well worth it in our opinion.

@kk_3354 Жыл бұрын

for the off site ads, can I just opt out it completely to avoid the charge?

@katyai.2369 Жыл бұрын

Can’t believe I’m this early! ❤🎉

@KateHayes Жыл бұрын

Hey friend!

@telsanot_tesla Жыл бұрын

As a beginner with print on demand, what’s a decent quantity to start with, if it’s made to order ?

@kimab Жыл бұрын

I opened my shop in october and only had about 3 sales in the year 2022. Well I recently got 3 sales on a sweatshirt in the same week and just got another sale so things are starting to pick up. The only problem is etsy put my account into a payment reserve and I need that money to fulfill the sweatshirts. The orders always ship on time with USPS tracking so I’m not sure what the problem is, has this happened to you??

@Hichamfood12346 Жыл бұрын

Nice to meet you ☺️

@KateHayes Жыл бұрын

Hey friend, thanks for watching!!

@rickyneeter69 Жыл бұрын

Isnt it true that the 5% shipping fee is always deducted from your account even if you not choose to use etsy's shipping labels? I read on multiple websites that people get transaction fees aswell as shipping fees no matter what

@senaduran5361 Жыл бұрын

Hello, I want to open my first shop but I don't save and continue 'Set up billing' part. I wrote true my all info. If you help this about I will be happy, thank you and good works😌🙏🏻

@Divinetraveller1122 Жыл бұрын

Thank you for all the information! You'd think understanding all this would be easy, but having guidance is so appreciated. Just want to clarify...Does Etsy take the 6.5% fee after or before tax? I live in Florida, do not accept Etsy Payments, use free shipping...so the only fees I would pay are the 6.5% and the .20 per listing, am I correct? Thank you!

@swishh7693 Жыл бұрын

did you find out?

@kimspratto9968 11 ай бұрын

Don't forget the transaction fees of 3% + .25. You are basically going to pay 10% every single sale. And when you hit the $10,000 mark in the 365 window... it rises to .22% on every sale that was directed by forced off-site ads. I know, I'm living the dream!

@LL-vd3qi 6 ай бұрын

Etsy needs another website just for fees. LOL

@aliner8165 Жыл бұрын

OMG we are talking about almost 50% in fees o.O

@scorpio03able Жыл бұрын

Should I open a business account for Etsy or use a personal bank account? I’m trying to decide on which one to use. Thank you any suggestions??

@KateHayes Жыл бұрын

I’m a big fan of having a business account and keeping everything separate. Makes it much easier in my opinion :)

@scorpio03able Жыл бұрын

@@KateHayes Thank you!

@stacymcvey4229 11 ай бұрын

Buyer and seller responsible for sales tax in the us?

@nickhayes9727 Жыл бұрын

❤

@KateHayes Жыл бұрын

😀❤️

@pummichell 10 ай бұрын

I thought that the etsy shipping method were fees covered by buyer I'm use to sell on Mercari, so etsy kind of confuses me but when i sell something on there, i don't need to worry about shipping bc Mercari creates the label (that the buyer paid) and i just download and print. Is it like that as well on etsy or i got it wrong?

@KateHayes 10 ай бұрын

You can either choose to offer free shipping and include shipping costs into the overall listing price. Or your customer can pay for shipping separately. You can get the labels directly from Etsy for USPS or FedEx

@FlourishFirm Жыл бұрын

For the listing fees,we need to pay it after we get an order from buyers or we have to directly pay it after listing our products?

@KateHayes Жыл бұрын

The .20 listing fee is charged regardless of if you make a sale or not, and is charged to your payment account when a new listing or published or renewed.

@rickyneeter69 Жыл бұрын

Is there someone who made a calculator with all possible fees? would make life a lot easier

@KateHayes Жыл бұрын

Sale Samurai!

@alanperez3571 Жыл бұрын

Quick question does Etsy charge you before you make a sell or do they charge you once you make a sell .please be after

@chrography Жыл бұрын

@morningaftercoffee Жыл бұрын

15% or 12% of what exactly? For each item sold, or the whole profit accumulated (ex: 12% of 10,000)?

@kimspratto9968 11 ай бұрын

YES! Each item sold! I opted out originally, but then I had a few really good months, selling high priced items will do that for you! I crossed the threshold, barely, of $10K in sales within that 365 and BAM... Etsy just gave themselves a huge raise!

@kimspratto9968 11 ай бұрын

And... you cannot opt out of the off-site ads once you are forced into them. They have tagged you for the life of your shop.

@FlourishFirm Жыл бұрын

For the listing fees..if we don't get any buyers to buy our product,is the listing fees need to continue pay it?

@KateHayes Жыл бұрын

Yes you have to pay the .20 listing fee regardless of the listing selling or not

@Itsadorenn Жыл бұрын

What is "gst on seller fees"? It's almost 50% of the total fees

@KateTheMama Жыл бұрын

Same!! Except here it says VAT and is 58%! Apparently you need a GST tax ID (I'm assuming you're in Canada, possibly Quebec?) in order to be except. In the EU and a few other places you need a VAT ID. It's bull.

@RebeccaBancarz Жыл бұрын

Before opening my shop, I thought the listing fee was going to be $.20 but in Canada it’s $2.46 :( plus all the rest of the fees

@kk_3354 Жыл бұрын

wow? how come?

@KarineJP Жыл бұрын

It's supposed to be 0.25$

@dmrcreations3311 Жыл бұрын

Hi so I recently started getting orders and I sell small button hair ties for little girls..Literally was so upset ..I sold two sets @ 5.99 with taxes s&h everything was about $20 ..they literally took almist half ..my end result was like $10.72 ..I mean am I do something wrong or are they literally taking wayyyyyyy to much.

@idowhatido1783 Жыл бұрын

Don’t give up! Atleats you havw customers and your Store now has proof of sale. You can always charge more or get items of higher value to sell! Sucks but don’t give! There is hope

@eno996 9 ай бұрын

Etsy fees are so complicated

@Susa.Wazlawik Жыл бұрын

Why do we need to buy Etsy label?

@kimspratto9968 11 ай бұрын

You don't. I don't... I use Pirate ship and get the same rates as Etsy. I print the label from my computer and fulfill on Etsy when I have a tracking number.

@dbeststuff777 Жыл бұрын

So 6.5% +3%=9% is what is taken from your profit?? Plus other payments, correct? Anyone?

@LAAM619 Жыл бұрын

6.5% + 3% = 9.5% + .20 listing fee + .25 transaction processing fee from what i gather. Plus potentially 12% or 15%

@dbeststuff777 Жыл бұрын

@@LAAM619 could you explain potentially more ? Variable rates with in the year?

@LAAM619 Жыл бұрын

@@dbeststuff777 it doesnt say anything about variable rates.

@dbeststuff777 Жыл бұрын

@@LAAM619 thank you

@kimspratto9968 11 ай бұрын

@@LAAM619 Yep exactly. I'm in the +12% category as I was forced into Off-Site Ads by Etsy. It doesn't hurt as much when selling high dollar items but it KILLS your profits on the small stuff under $10.

@strongerthaneverph 11 ай бұрын

Thank you for this video however, it gave me information overload - I think it would have been best if you gave sample computation as in sales and net profit.