👉 The SECRET pricing strategy you NEED in your Etsy shop 👀
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- Опубликовано: 7 ноя 2022
- I'm spilling the beans on the pricing strategy I've used to grow my Etsy shop to well over 6 figures and breaking it ALL down for you so you can start pricing your Etsy products to fly off the shelves! There are sooo many pricing strategies out there for online products that it can be hard to know what is right. My 2-phase adjustable pricing method is the one that comes out on top for Etsy sellers specifically. In today's Etsy shop for beginners tutorial, I'm explaining why pricing on Etsy matters, how to sell on Etsy successfully by nailing the perfect price point, and giving my top Etsy tips for adjusting your price point as your Etsy business grows. Whether you sell Etsy digital products, Etsy print on demand, or physical items- this pricing strategy will work for your Etsy shop. If you've ever wondered how to make money on Etsy, how to sell on Etsy for beginners, or how to start an Etsy shop the RIGHT way- then you definitely can't skip over being smart with your price point. Selling on Etsy doesn't have to be confusing- Etsy success could be just around the corner for you, my friend! So hang with me today and let's talk all things ETSY PRICING STRATEGY!
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Comment below- what's your biggest pain point on Etsy? Is it pricing? Something else? 👇👇
WOAH!
I watched this video the day it came out and test drove the ideas and Sale Samurai with a specific line of my stickers. I used them to tighten up my tags, titles, etc. and to find my initial price and dream price. Those specific listings are getting consistent orders over my other stickers now! After the holidays I'm going to continue to clean up my shop SEO and set prices. Thanks for your insights!
Hey girl! Thanks for the video! 😊I currently offer free shipping on all of my items and I have one duplicate item for testing the main listing photos. If I wanted to do A B testing for a listing WITH shipping, would I need to go back to my products and create a new shipping profile through printify, then select that shipping profile for all the items I want to test? If not, what’s a good way to add shipping to a half of my listings so I can do A B testing to see whether free shipping or with shipping does better for my niche? Just trying to figure out these basics! I appreciate any help! Thanks girl!
Hi love this video! I’ve had an Etsy shop for a while and only one sell. I do believe my price is too high compared to my competition. My question is I do have a website that generates sale if I lower my Etsy price do I need to lower my prices on my personal shop as well?
Thanks. $7.99 a month with your discount is quite good.
Absolutely!
Thanks for the insights. Another confirmation that selling one of a kind items on Etsy does not pay off.
They can work but definitely a lot harder to get listings ranking and scaling.
@@KateHayes The example using the profit calculator was very helpful! Such an important topic and example especially since the most recent Wall Street Journal article about Etsy said that sellers have not raised their prices and 25% of sellers don't even know what their profit margin is.
Dang. I pay myself 55 cent an hour. I really need to rethink my strategy.
God bless you. Thank you 🙏
Happy to help you friend! 😊
Start high then put a huge rebate. I have 5 sales so I know what I'm talking about.
Hi Kate! Question about this, I just got initial and ideal pricing figured out but I already have a shop in motion. Should I make brand new listings or just adjust what I already have?
Awesome! Just adjust the pricing on your current listings if you feel they are quality listings :)
great!!
So glad you enjoyed it!!
I never understand how these videos apply to me because each item I sell is unique. Once it’s sold, it’s gone, I can never get it again.
Hi,if im selling shirt for 21$ and the shirt cost 9$,do you think is a good price to sell? (After all the fees.)
Hi if price low for my rings I will not get any profit..my items are better quality my competitors are really cheap like$ 5 , 7 , the. Postage is $5.00 reason I am trying to sell higher one of kind
Thanks for the video kate. Do you offer coaching?
Hi friend, we offer course for sale with support groups available for purchase along side them but current no one on one coaching. If you are interested in one of your courses visit
Kate-Hayes.com
Or reach out to us at kate@kate-hayes.com
Top video ! Is there any free alternative to Sale Samurai ?
Thanks!! EverBee is comparable and has a free plan :)
Can you do an honest, open chat video speaking truthfully about Esty and Plaid? None of the Popular Esty RUclipsr's will speak plainly about it and what's going on. That's not cool. I had to close my shop due to the Plaid debacle. So have at least 50% of Esty small business owners. Can YOU, Kate Hayes discuss that? You speak on EVERYTHING else Esty.........................🤔😔
Theres a youtuber callled Kara Buntin, she has weekly live chats where she talks about some of the stuff going on with etsy. Check her out :))
@@larasayadi7209 Thank you. Hopefully she'll be honest about it seeing as Kate and thee other Etsy Mascots refuse. These people Title their videos that they want to help others but their actions scream "Self serving and Self Serving ONLY."
pricing is rough for canadian sellers with POD, at a 30% profit margin or 20% if you do a sale the base cost can round up to 50 without even adding shipping etsy fees and taxes, almost impossible to compete with handmade sellers on etsy.
Yes!! This is exactly my problem. How do you overcome this??
@ you cant unfortunately, unless you’re making the product yourself fully and buying your own apparel or whatever you need without the use of a print on demand company.
@@jackcruzdesigns1654 so, it's not worth it if you're Canadian?
@ its only not worth it if you dont try right. You can still get value from experience. Doing tags marketing so when youre ready to sell on your own site it can cost less and keep your etsy too
@@jackcruzdesigns1654 okay, so then you need to get suppliers, have overhead, and invest upfront. Dang.
Hi Kate,
thank you for the really valuable content you create!
I am trying to get a copy of your 5 pillars, but entering my contact information seems to not be working. The response I get is:
We're Sorry
We are unable to complete your request
Can you check if it is somehow broken?
Hi! Can you please email a screen shot of what you’re seeing on your end to kate@kate-hayes.com? Thanks!
I have sent the mail just now