Pay yourself and profit first as a CREATIVE / HANDMADE / ETSY SHOP OWNER

I'm sure you haven't started your handmade business just for fun. The goal is to make a living out of it at some point, yet so many makers do not pay themselves. Is this you? Today we're going to talk about it!

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PRICING HANDMADE:

[pearlj]

Hi Deb,
merci beaucoup👏 I really love and appreciate all your contents! xx

[CreatewithNature]

Fantastic video, very helpful information! Thank you!

[naneebizet]

thank so much still for the energetic attitude and the packed video ( I mean not boring at all ) and the same for music ann the tips of course. I guess you are australian.Love this country and its people

[houndandhandbag]

I have not read the book yet, but I already am putting this into practice after watching your video! Thank you!

[Jam-n-Rome]

I've sat her & watched over 5 videos...I HAVE SO MUCH HOMEWORK TO DO!!
Thanks for the profitable information!

[KS-mstw]

Thank you for this video!! Purchasing the book now and can’t wait to read it and learn more!

[excitedaboutallthethings]

Thank you Deb, I agree that this is really important and is not spoken about enough. I am so excited to read this book and give it a try!

[byamberkri]

Great video! It's also important to note you should be paying yourself a set amount each month. Then if you have a great month, you can collect it in the owner's pay account for when you have a low month and still get paid.

[heartjt]

Hi Deb, this is a very helpful explanation. Just to be clear, with this formula you can not use business credit cards?

[alpscraftshack]

Bonne information Deb. Je n'avais jamais pensé à une entreprise artisanale de cette façon auparavant. Je vais commencer cette méthode maintenant.

[atlasschool]

but how do you pay yourself if you have no sales?

[LisaD_noDitto]

this is a radically useful idea. Go Deb! until you do this, even on paper, the expenses part will force you into smarter decision making.

[LeDragonArgente]

Thanks for the info! Can you give us a link to the book?

[HDwoat]

Hi, with regards to tax, what about personal income tax, do you have separate accounts for both business and personal tax?

[penelopediamanti]

Really important points well made, but I wish you had used better examples for each bucket. Unless taxes in the land of Oz are really high, 30% tax is way out of line for the income levels of most makers, on the other hand I don't know any businesses where the cost of goods sold plus all other operating expenses are just 28%. I know you said they were just examples, but I think it would have been more helpful for beginners if the examples had been more realistic. Keep up the good work and I love your accent ;)