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  2. How to start an Etsy business: Your complete guide - AOL

    www.aol.com/finance/start-etsy-business-complete...

    86% of Etsy sellers are female entrepreneurs The majority of Etsy shops are sole proprietorships (Etsy Seller Handbook) 7.72 million people are estimated to be repeat buyers, averaging six ...

  3. Reservation price - Wikipedia

    en.wikipedia.org/wiki/Reservation_price

    Reservation price. In economics, a reservation (or reserve) price is a limit on the price of a good or a service. On the demand side, it is the highest price that a buyer is willing to pay; on the supply side, it is the lowest price a seller is willing to accept for a good or service. Reservation prices are commonly used in auctions, but the ...

  4. Etsy - Wikipedia

    en.wikipedia.org/wiki/Etsy

    Creating a shop on Etsy requires creating and posting at least one listing in the shop, which costs $0.20. Each listing will remain on the shop's page for a maximum of 4 months, or until someone buys the product. 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 ...

  5. Price discrimination - Wikipedia

    en.wikipedia.org/wiki/Price_discrimination

    The marginal consumer is the one whose reservation price equals the seller's marginal cost. Sellers that engage in first degree price discrimination produce more product than they would otherwise. Hence first degree price discrimination can eliminate deadweight loss that occurs in monopolistic markets. [ 22 ]

  6. I Make $175K a Year Working Part Time: 2 Strategies I ... - AOL

    www.aol.com/finance/175k-working-part-time-2...

    Emily Odio-Sutton is a working mom who started her side hustle as an Etsy seller in January 2023 and has made over $175,000 in under a year. She started her journey while working full time in...

  7. Markup (business) - Wikipedia

    en.wikipedia.org/wiki/Markup_(business)

    Markup (business) Markup (or price spread) is the difference between the selling price of a good or service and its cost. It is often expressed as a percentage over the cost. A markup is added into the total cost incurred by the producer of a good or service in order to cover the costs of doing business and create a profit. The total cost ...

  8. Pricing - Wikipedia

    en.wikipedia.org/wiki/Pricing

    Price tags using the terminal digit "9", ($9.99, $19.99 or $199.99) can be used to signal price points and bring an item in at just under the consumer's reservation price. Psychological pricing is widely used in a variety of retail settings.

  9. Pricing strategies - Wikipedia

    en.wikipedia.org/wiki/Pricing_strategies

    Absorption pricing. This pricing method aims to recover all the costs of producing a product. The price of a product includes the variable cost of each item plus a proportionate amount of the fixed costs: Unit Variable Costs + (Overhead + Managing Costs) ÷ Number of units produced = Absorption Price. Fixed or variable costs, direct or indirect ...

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