We just discovered a free new tool that will be helpful to all of you Etsy, Amazon, and EBay sellers! It's called SaleCalc, and it helps you to very quickly calculate your profit margin on your product. I don't know about you, but I always forget about the selling fees when I create a new product. SaleCalc automatically does the fee calculation for you so that you know your true profit margin. For Etsy sellers, SaleCalc also allows you to calculate what your profit margin will be if you give a flat $ discount or a percentage discount coupon code for your shop. Take a look at the quick tutorial video I put together for you, and then give SaleCalc a whirl.
In the video I mentioned a few episodes and other tools related to the topic of pricing, or selling on various platforms. Our Brilliant Business Planner contains several product pricing worksheets to help you determine a good price for each product. In Episode 22 I talked about what items you need to include in your calculation for pricing your products. In Episode 78 Saira Perl talked to us about how she grossed over $40,000 in sales on Amazon in less than a year! And In Episode 83, Kat Simpson walked us through the ins and outs of selling on EBay.