Yeah, I'm going to admit that in the move process and temporary shutdown I have not kept up with my bookkeeping. 😏
I just pulled out my notebook to catch up and record monthly website fees and found my last entry was back in March. 😅
Good thing RainbowMaille's books are simple and most of those months of being closed it's just a couple of fees, so this shouldn't take me too long to "fix" and catch-up. 😉
Although, a recent etsy order did highlight their most recent fee increase that I had mostly forgotten was going to happen. I mean, of course, I got the notification, but I was closed and moving so it kinda skipped to the back of my brain. However, seeing it in print and practice was like "oh snap" 😦 I'm probably going to have to raise prices. Order total paid $56 and change, but after etsy's fees and payment processing fees and buying the postage and removing the taxes collected I only get $43 and change. So yeah, I need to adjust my shipping charges too between postal rate increases and etsy's increased % coming off the top it no longer covers packaging materials like bubble mailers, tape, ink, paper, etc.,
I know a lot of crafters, artists, and small business owners have a hard time pricing our items and many of us do not raise prices as much or as often as we probably should. So, consider this a PSA of sorts in this time of "inflation" and increasing supply costs and increasing postage and increasing fees, check your books and make sure you are still making the $ you wanted/intended. 😇😎
Indeed. I offer free shipping now but that may have to change. I didn’t mind taking a small hit to cover that cost but now I have to think about it. This is the cost of doing business. I know when I buy things, the cost of shipping can make or break that sale.
ReplyDeleteIt's a fine line trying to keep prices/shipping reasonable but still profit.
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