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In this informative video, we delve into the concept of COGS (Cost of Goods Sold) specifically tailored for Etsy shop owners. Whether you're a seasoned seller or just starting out on the platform, understanding COGS is crucial for effectively managing your finances and maximizing profits.
Join us as we break down what COGS entails, why it's essential for your Etsy business, and how to calculate it accurately. From materials and production costs to shipping expenses, we'll explore all the components that contribute to your COGS and provide practical tips on how to keep track of them efficiently.
Timestamps are provided for your convenience so that you can jump to the most important sections.
0:00 What is Cost of goods sold (COGS) for an Etsy Shop
0:30 How to Calculate COGS for an Item?
2:04 How you track Etsy COGS automatically
3:06 Conclusion
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