25.1.11

Profits and Pricing

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Challenges to Curb Business Expenses

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When growing your business, there are ways to curb expenses without sacrificing quality. The key ingredient? Creativity — and fortunately, as an Etsy seller, that just happens to be your specialty. Complete these challenges by Amanda Steinberg, of DailyWorth.com to creatively curb those expenses. 
 
Three Helpful Pricing Exercises
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How do you know if you're pricing your work correctly? I've put together three exercises to bring focus to your bottom line. These exercises are here to make you think about your pricing, hopefully they can help you create a formula that works for you. I hope they help you as you continue to work on pinning a value to your items. 
Extra Credit: Pricing for Profit with EcoEtsy
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Ready to dig a little deeper into pricing strategies? I found a thorough post on the EcoEtsy blog that walks the reader through a few other pricing tactics and forumlae.
How’s that for some number crunching? Don’t put those abaci away — we have a few more calculations to do on Thursday with a guest post from a wonderful Etsian and blogger. Stay tuned!
   
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