I have a question about how heartsy works

[TheTrendyTotShop]

I was wondering when you do get selected for a deal heartsy do you select one item they can purchase from your shop or they an just purchase anything. Since I make tutus how would this affect me since it takes time to make them. How fast are you expected to get the orders out?

[waterwaif]

If you're featured on heartsy, everything in your shop is fair game.

Looking at your store, I don't think it would be a good idea for you to submit to Heartsy. Have you crunched your numbers and figured out what kind of profit/loss you'd be getting for each voucher?

[TheTrendyTotShop]

I havent figured that out yet., I dont know where to even begin lol i would be at a loss at around 11 dollars a tutu

[Former_Member]

It seems to work best for shops with consumable items, or things with wide profit margins (jewerly, bath & body, prints). Looking at your shop, you've tutus listed for $14 dollars, if selling them at 11 is a loss, your items are underpriced.

Generally you want to be able to sell at wholesale (50% is standard) and still net a profit, if not you may need to look at either suppily costs or price increases (In my case that means 60 gallon oil drums direct from oil presses).

[TheTrendyTotShop]

No just the 18 dollar ones. The ones for 14 I just want to get rid of to make more room in my house :) I dont need to make a profit really just get my name out there but I just dont want to be out a ton of money for it either.

[RuneLeather]

pieceofpisces says
Generally you want to be able to sell at wholesale (50% is standard) and still net a profit, if not you may need to look at either suppily costs or price increases (In my case that means 60 gallon oil drums direct from oil presses).
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But keep in mind the voucher % has little to do with what your actual % will be depending on what your prices are. You can offer a 50% voucher but that might end up meaning 40% off or 70% off depending on your item price points, fees, shipping costs etc.

This is an equation you could plug your #s into if you want:
http://www.etsy.com/teams/8380/heartsy-help/discuss/6850168/page/1/

I found it easier to do a spreadsheet though!

[TheTrendyTotShop]

Thanks It was helpful. I should be able to come out with a tiny profit depending on what they want for the voucher. I dont want to go more than 65%

[Former_Member]

Well yes rune, I was worried that if 11 was a loss she may end up underwater in profits. Now if she's looking at it for exposure, that's fine too, just don't sell out and not have money to restock when exposing yourself. (~.^)