Good news! Our popular free Etsy Fee & Pricing Calculators have had a bit of a makeover this year and are now better than ever. These calculators are completely free to use and make calculating all the expenses related to being a craft seller on Etsy a breeze.
Here’s what’s new:
2022 Etsy Fee & Pricing Calculator Updates
- Mobile functionality: Both calculators are now fully mobile-ready so you can access and benefit from them whether you’re on your phone, tablet, laptop, or desktop. No awkward pinching and scrolling necessary here.
- A new design: The calculators feature a new, more attractive design that makes using the calculator much more accessible.
- Faster load speeds: You don’t need to wait around while the calculators do the math anymore - they’ve had a boost of brainpower so now loading the calculator and getting your answers can all be done in a flash.
- Better result breakdown: We’ve simplified the results so you now know exactly what the figures mean. This makes it easier to find out exactly how profitable each item is, as well as how much you need to charge to make a reasonable profit, so you can understand the impact the fees and your pricing decisions have on your business.
- Updated for Etsy’s new transaction fee: Etsy’s transaction fee has increased from 5% to 6.5% (you can learn more about the Pros and Cons of this here so we’ve updated the calculators to reflect this.
How do I use the calculators?
The calculators are easy and intuitive to use, and each calculator has an FAQs section beneath it that will help guide you to making accurate calculations that benefit your business. Here’s how to use them:
The Etsy Fee Calculator
- Select your location for the Seller Location
- Select whether your customer is domestic (same country as you) or international for Buyer Location
- Enter the Sale Price of your product (how much your customer buys/will buy it for)
- Enter how much you charge for shipping in Shipping + Tax, if anything
- Enter your material costs in Material Cost (how much the materials cost to buy to produce the product)
- Click Calculate See the breakdown of the Etsy fees, plus your profit margin.
The Etsy Pricing Calculator
- Select your location for the Seller Location
- Select whether your customer is domestic (same country as you) or international for Buyer Location
- Enter your Price Markup percentage
- Enter how much you charge for labor in Labor Cost (don’t undervalue your time!)
- Enter your material costs in Material Cost (how much the materials cost to buy to produce the product)
- Click Calculate
- See the breakdown of our suggested pricing based on your input, and a breakdown of Etsy fees, materials and labor costs, and your profit margin at the price point.
Why is it so important to keep on top of your pricing?
When you’re a busy craft business owner, it can be difficult to keep on top of your pricing at all times, especially if material costs fluctuate. It’s important to keep on top of your pricing and check it regularly so your profit margins aren’t eaten away as things change. You may not think much of a one or two cent increase in material costs, but over time it can add up and eat into your profit.
We also see many sellers devalue their time and not properly calculate their labor costs or even forget to account for them altogether as they try to match the pricing of other similar products.
While it’s tempting to feel you always have to price competitively, most markets have room for a wide range of different price points, so experiment to optimize your profit, rather than trying to provide the same level of quality for the least amount of profit.
While the Etsy Fee Calculator and the Etsy Pricing Calculator are extremely helpful free tools that are well worth bookmarking, we know that it is time-consuming to work your way through your entire catalog on a monthly basis to check your pricing. That’s why if you have more than a few products or if you’re ready to uplevel your business, we recommend you use our Pricing Guidance feature inside Craftybase.
This feature automatically generates your pricing and fees for all your products in your store - meaning if the cost of one of your materials increases, you only need to edit one box to see the difference across all your products.
For more advice on pricing to ensure your business is as profitable as possible, make sure you download our Pricing Strategies for Handmade Success eBook, as it will guide you through everything you need to consider when pricing your goods, whether on Etsy or through other channels.
