Recently I read about another U.S. Postal Service increase through an Etsy post titled Shipping Rates Update for Sellers. Shipping rates went up today, in fact, so if you have not updated your shipping prices in your online shop, you will want to do so as soon as possible. Most domestic rates have increased at least 3 to 5 percent, but First Class Mail International, especially for smaller packages, has in many cases doubled.Â Don’t allow yourself to be caught short!
In any event, because I had a busy week I delayed until the last moment before adjusting my own shipping prices. Thankfully, you can establish a Shipping Profile on Etsy for each type of item you sell, which makes adjustment of shipping prices fairly easy and painless. I gathered the different sizes of bubble envelopes I use for mailing, along with the items I sell, and weighed them on my digital kitchen scale. Then, I visited the online U.S. Postal Service site, and jotted down postal rates for each item, both domestically and internationally. A three-ounce item, for example, yields the following retail pricing results:
- United States, $2.07
- Canada, $7.35
- Mexico, $8.85
- Austria, $9.45 (I use a country in Price Group 5 to determine my “Everywhere Else” pricing on Etsy)
Etsy offers its sellers commercial shipping rates, which are lower. The same three-ounce package, using commercial rates, is priced as follows:
- United States, $1.69
- Canada, $6.91
- Mexico, $8.32
- Austria, $8.88
To make things easier on myself, I typically round up to the nearest 25-cent increment. So, a commercial shipping price of $1.69 is $1.75 in my Etsy shop.
Once I had my results, I debated entering them in an Excel spreadsheet versus writing them on index cards. Although I love to use technology, in the end I decided that simplicity was going to work best for meâ€”in this case, an old, unused recipe box filled with blank index cards. On the front side of each index card, I listed a type of item I make (such as a crocheted flower brooch), its weight when packaged, and shipping prices to the above four locations.
It’s true that my index cards take up more physical space than they would in a digital file, but sometimes paper just works better. On the back of each 4-inch by 6-inch card, I plan to list the material costs associated with producing that item and its final selling price. This information will come in handy when taxes are due, and it’s great to have it all in one place. Simplicity works!
Â© 2013 Judy Nolan. All rights reserved.