If you sell on Etsy, you’ve probably already heard the news: seller fees are increasing from 3.5% to 5%.
No one is happy about the increase in Etsy fees, but after the initial shock, it’s not something I’m going to stress over. You don’t need to worry about these changes either, because I’ve got you covered:
Regardless of what Etsy does, you can still have a clear picture of how much you are paying in fees and earning each month, with the Monthly Sales and Expenses tracking template:
Among several other changes, one that will affect how the Monthly Sales and Expenses template works, is that Etsy is changing how you’re billed – some fees will come out immediately after a sale, instead of inside a monthly bill.
The template imports your Etsy sales and fees, via a csv that you download from Etsy. It’s possible the columns inside the csv you download are going to change. I’m keeping an eye on it and will make updates to the template if needed.
Taking the fees out of each transaction also makes it harder to track how much you’re actually paying to Etsy each month vs. having a monthly bill that totaled everything for you.
But the monthly bill never included ALL the fees Etsy deducts – the credit card processing fees were always taken out at each transaction. That’s part of the reason why I made the Sales & Expenses template – to get a clear picture of how much I’m paying in fees on Etsy!
I created this template back in 2012 when I was trying to wrap my head around all my Etsy numbers. Just for fun, here’s what I used to sell before templates took over:
What about the Pricing Templates?
The Price Template for Etsy sellers has the Etsy fees being added into the retail price of your products, so I’ve already updated the main file to reflect 5% instead of 3.5%.
If you haven’t tried out the Pricing Template yet, you can sign up to get a free mini-version of it here:
So, what if you already have one of these templates and you need a new/updated version?
*If you have purchased during 2018, you can have a complimentary updated version sent via email. Just email me (email@example.com) with this information for the fastest response:
- *Which email you used to purchase and had the template sent to.
- *What name/business name you want your template personalized with.
*I’ll also be posting videos on how to make the changes in your own file.
*If you don’t want to DIY it, and you purchased in previous years, it will be a small fee to send the updated file. Or if you want to upgrade to a different version or package, now would be a great time to do it and I can give you a coupon code to cover the credit of your previous purchase.
*Upgrade options for the Sales and Expenses template include annual or monthly reports, as well as if you sell through PayPal, Amazon, Stripe and/or Square. This video explains the different versions and options for tracking your sales and expenses:
Are you still concerned about all these Etsy changes? I believe that you and your business have got this!
Change is inevitable, but you’ve got what it takes to adjust and move ahead! What else are you doing to make adjustments for these changes? Comment below, I'd love to know!
I’ll go first – after I finish updating all these templates, the next thing I will do is edit all my Pinterest pins that are pointing towards my Etsy listings and change them to my website links – something I should’ve done a long time ago, but just never got around to it.