Today I’m thrilled to have Roxy Burg from Beads of Cambay sharing her wealth of knowledge about the business of jewelry-making with us! Roxy loves the multifaceted world of gemstones, beaded jewelry making, and crafting in general. When she isn’t blogging for Beads of...
Most recently posted in Profitable Pricing
Etsy fees – a guide to Etsy seller fees
In this guide, I’m walking through the various fees Etsy charges sellers. I’m not trying to express any *judgement* on these fees (there’s enough of that elsewhere on the interwebs). As a financial educator that works with many Etsy sellers, I see a lot of shop owners...
Pricing Pitfalls: Comparing Yourself to the Competition
I’ve been talking a lot about pricing lately, and in a previous post I mentioned how so many creatives, makers, and artisans routinely underprice their handcrafted goods. We’ve discussed my suggested handmade pricing formula, how to tweak that formula to fit your biz...
Etsy Free Shipping – Financial Considerations & Thoughts
Love it or hate it, the push for free shipping on Etsy is here. I’ve waited a couple weeks for the dust to settle and thought I’d weigh in with my thoughts and financial concerns. So if you’re tired of hearing about this topic, I totally understand. Feel free to sit...
Etsy Pricing Formula – How to Price for Handmade
Let’s discuss how to price your handmade goods and my recommended “Etsy pricing formula”. Pricing your handcrafted products or designs can be one of the most challenging tasks for a creative entrepreneur or artist (that’s why I eventually created a spreadsheet and an...
Why you aren’t paying yourself what you deserve
How often do you pay yourself from your business’ profits? Are you able to do this regularly? You likely turned your crafty hobby into a business with some sort of financial gain in mind – and that comes to fruition when you are able to pay yourself for your hard...
Stop Worrying about Your Competitors’ Prices
I recently reviewed the results my annual survey. Each year, I seek your feedback on what Paper + Spark is doing right, what I’m doing wrong, and what topics you’re currently struggling with. Year after year, one of the most commonly mentioned struggles I see...
How to Pay Yourself – {part 2: Methods & Mindset}
Last week I answered a question I get a lot – how do I pay myself? What’s the right way to do it? If you missed that post, catch up here. That post was all about the rules & logistics of paying yourself as a sole proprietor, and how it affects your bookkeeping...
Six reasons you probably need to raise your prices ASAP
Today’s post comes to you from my friend and fellow creative Danielle Spurge from Merriweather Council. Danielle is a maker maven known for helping turn others’ crafty tendencies into profits. Today Danielle shares a bit of tough love with us when it comes to pricing...
Pricing Handmade Goods – Re-examining Your Price Formula
So you try your hand at one of those suggested pricing formulas for your handmade goods, and the resulting price seems crazy high. Nobody’s going to buy your product for that price! What’s a handmade seller to do? This post is a continuation of our series on pricing...
Pricing Pitfalls – why to avoid underpricing and undervaluing
Pricing is such a hot topic in the creative biz world. As a numbers-driven accountant and a spreadsheet nerd, I find the topic and the various opinions surrounding it fascinating. But let’s get down to today’s business – too many Etsy shop owners, artisans, and crafty...
Accounting for Overhead Expenses in Your Prices
I recently talked about all those pesky hidden expenses (called “overhead expenses”) that your small biz encounters. I concluded that discussion by saying that it’s important to recover a little piece of your overhead expenses every time you sell a product or service,...
Hidden Expenses and How They’re Hurting Your Biz
Welcome back, you creative entrepreneur you! We’ve talked about how important it is to sharpen your bookkeeping skills and keep track of all those pesky expenses your business has. Today we’re going to talk about a special category of your business’ expenses, which we...