Repricing because ouch!
So I did the math on the zine, and I have to raise the price a little.
Here’s the price breakdown per 6 issues
|Price of 6 paper issues||$5.00|
|Price of US Postage Stamps for 6 issues||$3.30|
|Price charged for a subscription||$8.30|
|Shopify / Credit Card Fees||-$0.54|
|Net received in my bank account||$7.76|
|Cost of postage||-$3.30|
|Profit after Postage||$4.46|
|Laser Toner ink. $0.53 x 6 = $3.18||-$3.18|
|Profit after ink||1.28|
|Cost of Envelopes: $0.10 x 6 = $0.60||-$0.60|
|Profit after envelopes||$0.68|
|Cost of paper $0.05 * 6 = $0.20||-$0.20|
|Profit after paper||$0.48|
So at least I cover my costs (ha ha ha not counting labor— but that is another story)
Anyway, if for 6 zines I make $0.48, then for each zine I make 0.48/6 = $0.08.
So I am just about breaking even on costs.
If I were to raise the per-issue profits to 0.25 cents, I would have to raise each issue’s price by 0.25-0.08 = 0.17.
For six issues this would be 0.17x6 = 1.02.
So I will pad a little to 1.10, and as such I will change the price to 6.10 for 6 issues. Yay.
I hope you have enjoyed this mathiness.