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There are over 9 million active sellers on Etsy (Etsy key figures) There are over 96 million active buyers on Etsy (Etsy key figures) Annual gross merchandise sales in 2023 were $13.16 billion ...
The prices of products are set by the shop owner, but Etsy claims 6.5% of the final sale price of the listing [7] and 6.5% of the postal fee. Additionally, Etsy has mandatory offsite ad fees of 12% or 15%. If a shop is selling less than $10K per year, they can opt out of offsite ad fees.
CEO Josh Silverman tells me that since he took over in 2017, Etsy has grown from 2 million to 7 million sellers—and from 30 million to 90 million buyers. Silverman casts it as an essential service.
Supply chain as connected supply and demand curves. In microeconomics, supply and demand is an economic model of price determination in a market. It postulates that, holding all else equal, the unit price for a particular good or other traded item in a perfectly competitive market, will vary until it settles at the market-clearing price, where ...
Taxation. Taxes and subsidies change the price of goods and, as a result, the quantity consumed. There is a difference between an ad valorem tax and a specific tax or subsidy in the way it is applied to the price of the good. In the end levying a tax moves the market to a new equilibrium where the price of a good paid by buyers increases and ...
Predatory pricing is a commercial pricing strategy which involves the use of large scale undercutting to eliminate competition. This is where an industry dominant firm with sizable market power will deliberately reduce the prices of a product or service to loss-making levels to attract all consumers and create a monopoly. [ 1]
If, for example, an item has a marginal cost of $1.00 and a normal selling price is $2.00, the firm selling the item might wish to lower the price to $1.10 if demand has waned. The business would choose this approach because the incremental profit of 10 cents from the transaction is better than no sale at all.
"If one box costs $7, and there are 36 tampons per box, the cost for a lifetime equals $1,773.33." That doesn't include the cost of panty liners, pads or ruined underwear from leaks.