Etsy store - income and expenses management

If you create items such as handmade goods, vintage items, or craft supplies and want to reach potential buyers all over the world, Etsy is the right place. Etsy is a global e-commerce website focused on the unique nature of the items that connects creators with their potential clients. Etsy helps creative people open their online shops and turn their creative ideas and hobbies into successful businesses. It helps people to find goods made with love. And doing that helps spread ideas of sustainability and responsibility.

In this course, we will talk about Etsy from a seller's perspective. In this course, you will learn how to track, read, and manage all the financial information of your Etsy shop.

We will clarify the most appropriate legal form for your Etsy business. And we will go through the process of opening an Etsy shop. 

We will talk about all the main fees, we should pay as a seller, and we will take a look at the payment account. I'll show you what are the most common expenses you should pay as an Etsy seller and why your income is lower than you expect. After that, I will clarify when you must accept payment through Etsy Payments and when through your own PayPal. 

After that, we will take a look at Sales tax, Value-added tax, and Income tax.

I created this series of videos as an educational and informational guide. The content should not be construed as legal advice. I disclaim all responsibility for any and all losses, damages, or causes of action that may arise or be connected with the use of these materials. Please consult a licensed attorney in your area with specific legal questions.

Just take a cup of coffee or tea and enjoy this short journey through your Etsy finances.