Margine
See Your Real Etsy Profit by Product — Not the Number Etsy Shows You
Connect your shop, enter your costs, and find out which listings are actually making money after fees, shipping materials, and labor.
Calculate My True Margin
Try free for 14 days. No credit card required.
Etsy's seller dashboard shows you revenue minus Etsy's fees. That number looks like profit until you account for the poly mailer, the tissue paper, the thank-you card, the USPS rate increase, the 15 minutes you spent packing, and the Etsy Ads spend that drove the sale. At that point, some of your best-selling SKUs are making you less than $2 per order. The problem is that Etsy cannot report costs it does not know about, and no tool has ever filled that gap — until Margine.
Margine connects to the Etsy API, pulls your real order history, and lets you enter your per-unit COGS, packaging costs, labor rate, and ad spend. It then calculates true net margin per SKU, per time period, and across your shop — the number that tells you whether you have a business or a very busy hobby.
Why Etsy's Profit Reporting Leaves Sellers Guessing at the Wrong Number
Etsy reports what it controls: listing fees, transaction fees, payment processing, and offsite ad fees. Everything else — your materials, your packaging, your time, your shipping supplies, any Etsy Ads budget you set — lives outside their system. Sellers making $12,000 a month routinely find, when they build a spreadsheet for the first time, that their actual take-home is closer to $1,800. Some find it is negative on certain products. The calculation is not hard, but pulling accurate order data from Etsy, matching it to SKUs, and updating it monthly is tedious enough that most sellers do it once, decide it is too painful, and go back to watching the revenue number instead.
That habit compounds. You run a sale on a low-margin listing to hit your monthly goal. You restock the materials for a product that costs you more per unit than you charge. You spend $200 on Etsy Ads for a SKU where the gross margin is $4.50. Without per-product cost visibility, every one of these decisions feels reasonable and most of them quietly erode your margin.
Introducing Margine
Margine pulls your Etsy order data automatically and gives you one dashboard where every listing shows its true net margin — factoring in everything Etsy charges plus everything Etsy ignores. You enter your costs once per SKU. Margine does the rest every night.
What You Get — $19/month
Etsy API sync — Margine connects directly to your Etsy shop and pulls complete order history, including itemized fees, quantities, and ad spend, updated overnight so your numbers are never stale.
Per-SKU cost builder — Enter your materials cost, packaging cost, labor rate, and average time per order for each listing. Margine stores these and applies them to every matching order automatically.
True net margin per listing — Your dashboard shows gross revenue, all Etsy fees, your entered costs, and net margin in dollars and percentage for every SKU — across any date range you choose.
Profit trend by time period — See how margin has shifted month over month for each product. Catch the moment a shipping rate increase or materials cost change started eating into a listing that used to be healthy.
Etsy Ads cost attribution — Enter your Etsy Ads spend per campaign or let Margine pull it from your order data. It distributes ad cost across the orders that campaign drove so your margin numbers reflect what you actually spent to get each sale.
Low-margin alert — Set a margin floor (e.g., 20%) and Margine flags every SKU falling below it each month — with the specific cost line that pushed it under.
Margin-ranked product list — Sort all your listings by net margin, revenue, or order volume. The highest-margin products in your shop are not always your best sellers. This view shows you where to focus your restocking, your promotions, and your Etsy Ads budget.
CSV export — Download your per-SKU margin data for any period. Useful for tax prep, conversations with your accountant, or bringing a partner into the numbers without giving them access to your dashboard.
Why $19/month
At $10K/month in Etsy revenue, a single mispriced product running at 5% margin instead of 25% costs you hundreds of dollars per month. Most sellers using Margine find at least one such product in their first week. The subscription pays for itself the first time you catch a margin problem before you restock. There is no per-shop surcharge, no tier based on order volume, and no setup fee.
Who This Is For
You sell handmade, vintage, or physical goods on Etsy and your shop is generating consistent monthly revenue.
You have more than a handful of SKUs and tracking margin in a spreadsheet has become something you mean to update but rarely do.
You run Etsy Ads and do not have a clear picture of which listings those clicks are actually profitable for.
You have raised your prices once or twice and still are not sure whether you have made back enough margin to justify your current materials and labor costs.
You are approaching tax time and your accountant has asked for a COGS figure that you cannot produce from Etsy's reporting.
If you are still building your first shop and have fewer than 20 orders a month, a spreadsheet is the right tool for now — Margine becomes useful once the volume makes manual tracking a real time cost.
The Numbers Are Right or the Month Is Free
If Margine mismatches your Etsy fee data or produces a per-SKU calculation that does not match your own verification, contact support within 30 days. We will fix the calculation and refund that month. No forms, no back-and-forth.
In 30 Days, You'll Have:
- A ranked list of every listing in your shop by true net margin, with the specific cost lines driving each number
- Clarity on which SKUs are worth restocking at current materials prices and which need a price adjustment first
- A record of how your margin has shifted month over month on every product — including the listings where a shipping rate change quietly cut your profit in half
- Per-product Etsy Ads attribution so you know which campaigns are driving profitable orders and which are inflating your revenue while compressing your margin
- A monthly cost report you can hand to your accountant without building a spreadsheet from scratch
- At least one listing where you have made a concrete pricing or restocking decision based on real margin data instead of gut feel
Frequently Asked Questions
How does Margine calculate true profit margin on Etsy orders?
Margine pulls your full order history through the Etsy API — including transaction fees, listing fees, payment processing, and offsite ad fees — and combines them with the per-unit costs you enter for materials, packaging, and labor. Net margin per SKU is revenue minus all Etsy fees minus all entered costs, shown in both dollars and percentage for any date range.
How is Margine different from Etsy's built-in stats and fee reports?
Etsy's stats report what Etsy charges. Margine reports what selling on Etsy actually costs. The difference is everything outside Etsy's system: your materials, your shipping supplies, your packing time, your Etsy Ads spend relative to the orders it drove. Etsy cannot report costs it does not know about; Margine bridges that gap by letting you enter your own cost structure once per SKU and applying it across your order history automatically.
Does Margine work if I sell on other platforms besides Etsy?
Margine is built specifically for Etsy sellers. It uses the Etsy API for order data and fee breakdowns, which means it produces accurate numbers for your Etsy shop without any manual data entry on the order side. If you also sell on Shopify or Amazon, Margine does not currently pull from those channels — you would need a separate tool for those stores.
What happens to my cost data if I change my materials prices?
You can update your per-SKU costs at any time. When you update a cost, Margine applies the new figure to all future orders and flags the change in your margin history so you can see the before-and-after clearly. It does not retroactively rewrite historical margin data — past periods stay accurate to what you actually spent at the time.
What it is: A per-product profit calculator for Etsy sellers that factors in your actual COGS, packaging, labor, and ad spend — not just the fees Etsy reports.
What you get: Etsy API sync, per-SKU cost builder, true net margin dashboard, trend tracking, Etsy Ads attribution, low-margin alerts, ranked product list, and CSV export.
Price: $19/month, 14-day free trial.
Catch: Margine is specific to Etsy. It does not pull data from Shopify, Amazon, or other channels.
Guarantee: If your margin calculations are wrong, we fix it and refund the month.
Calculate My True Margin