How to Make Money on Etsy with Cost Plus Pricing

Are you underpricing on Etsy? At the end of the day, when you make a sale, are you covering all your trips to the post office and all those other little things that go into the time and energy that you spend on your products? In this episode of the Jam, we're going to look at cost plus pricing for Etsy, which is one way to keep track of your Etsy accounting.

You've joined us in the middle of a three-part series on pricing! In the first episode, we talked about market-based pricing. If you haven't checked that one out, you should probably do that first!    • The Truth About Market-Based Pricing ...  

This is episode two and we're talking about cost-plus pricing. Then in episode three, we're going to compare and contrast the two of those against one another. Let's jump in!

0:00 Intro
0:49 What is cost-plus pricing?
1:22 Pro: Make a profit you're happy with
1:53 Pro: It's really easy
2:18 Pro: It's popular
2:42 Pro: Works well in new markets
3:36 Con: Underpricing your product
4:18 Con: Costs higher than market
4:49 Con: Missing relative market pricing
5:58 Con: Lower prices as you grow
6:37 Con: Hard to keep up with expenses
7:37 Con: Price yourself out of the market
8:11 Which is better?

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