Etsy is the marketplace for selling handmade items and craft wares. If you’re looking for a side hustle or a jump-off point for your future brand, Etsy is ideal.
The platform grows year on year, which is fantastic in terms of reaching customers. But it also means that there are over 4.3 million active sellers on Etsy, an increase of 2.7 million from the previous year. So, clearly, there’s a lot of competition that will likely get even fiercer in the years to come.
Don’t be frightened away! In this guide, we’ll teach you how to research and plan for success, set up an Etsy shop the right way, and promote your products effectively to increase sales.
The Easy Parts of Starting an Etsy Business
Starting an Etsy business is easier than building an ecommerce store from scratch. With Etsy, you have a ready-built platform on which to list your items and a built-in audience. It’s also simple to get started and affordable. You can sign up for free, and it’s just $0.20 to list an item on Etsy.
After that, you should note that Etsy takes 5% of the displayed price plus a payment processing fee of 3% + $0.25 per sale.
The other thing about Etsy is that you have a ready-made audience that you can tap into. Consider the fact that if you created an ecommerce website from scratch, you’d have to put in the time and money to build traffic.
Etsy also has a particular target market that you can easily reach thr… Read More