– How to Make Money on Etsy –
Hey! Do you wish to know How to Make Money on Etsy? Etsy is a real game-changer in this modern digitalized world. I have just discovered how much money people are making selling on Etsy: A LOT!
There are a lot of e-commerce sites out there and with more and more people shopping online each year, competition is undeniably getting higher.
In this article, we will show you the step-by-step guide on how to make money on Esty. Have a look!
What is Etsy?
is an e-commerce site focusing on handmade, items and craft supplies. The items vary from jewelry, accessories, bags, clothing, home decor, furniture, and others.
Etsy began as an online for handmade items in 2005.
It has expanded to include vintage items and household items throughout the years, but it remains one of the most popular places to purchase unique products on the internet.
According to Etsy, “the beauty of our platform is that anybody with a creative attitude may find success on our marketplace.”
“In terms of who can transform their passion, hobby, or side hustle into a financially successful small company, the sky is the limit.”
As of December 2018, it has been reported that Etsy had over 60 million items on its platform. Figuratively, it has 2 million sellers accommodating 39 million buyers.
It houses a community of makers, owners of small businesses, and shoppers. There are over 1.6 million stores on Etsy and some of the top ones are making over 500 sales a day!
Tips to Make Money on Esty
A lot of people want to know, can you make a good living on Etsy? Running an Etsy shop is similar to starting your own small business. You got to plan very carefully, attract customers, and market your goods well.
There will be failures, and times when people won’t buy, but that is normal. Well, here are a few tips on how to be successful and make money on Esty.
1. Have a Profitable Idea
If you want to make money selling stuff, it’s important to sell a product you care about. But before diving in, make sure it’ll sell. You can do some quick market research using Etsy’s search bar.
Be as specific in your query as possible and click through to the different shop pages to see the number of sales made since opening.
2. Choose the Right Product
Before you start an Etsy store, double-check that your products fall into one of the following categories:
a. Goods produced by hand.
b. At least 20-year-old vintage items.
c. materials
According to Etsy, the top categories on the site in the past have been homewares and home furnishings, jewelry and personal accessories, and craft supplies.
Research the going pricing for comparable things at other shops in addition to picking the correct products to see whether your company endeavor may be profitable.
Remember to include in Esty’s fees, which include a 20-cent charge for a four-month listing, a 5% fee depending on the selling price, and a 3% plus a 25-cent payment processing fee when calculating your expenditures.
3. Upload Great Photographs
Because Etsy is an online marketplace, beautiful photographs, according to seasoned sellers, are critical to sales.
However, because most smartphones are capable of producing high-quality images, there’s no need to invest in expensive equipment.
“Photography is essential,” says Joni Morgan of Big Rapids, Michigan-based Fact + Fiction Toys.
She’s been selling handmade wooden toys on Etsy for seven years, and she’s seen several new sellers struggle because their photographs aren’t attractive or interesting enough.
While other merchants may employ the use of filters or photographic boxes, Morgan has found success with a more straightforward technique.
“I just use an Ikea white table that I place near a window for natural light,” she adds. She used tutorials to refine her skills and learn photographic
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4. Tell a Story
Etsy provides the chance to purchase handmade products that aren’t accessible anywhere else. “Everyone enjoys a good story,” Morgan adds.
“They’re interested in learning about your background and how things are made.”
Transparency regarding who makes your items – whether it’s you or a co-worker – and what materials they’re made of might help boost purchases from people who want to help small businesses succeed.
Suzanne Sachs, whose Etsy site ArtDecoDiamonds sells vintage engagement rings and jewelry, says, “Women and Etsy buyers today are more socially conscious and aware of sustainability, environmental effect, and natural alternatives.
” Another strategy to attract clients is to emphasize the usage of sustainable materials and company operations.
5. Use Pinterest to Save Photos
According to Conklin, many Etsy entrepreneurs underestimate the effectiveness of Pinterest to promote purchases. “For a spell, Pinterest accounted for half of my traffic,” she says.
is a social networking platform where users may store – or pin – photographs to virtual boards. Other users on the site may follow certain boards or personalities.
They may also look for photographs that they are interested in. Conklin discovered that many individuals would follow her photographs long before they made a purchase.
Because Chair Whimsy creates unique chairs, the photographs also serve the dual aim of inspiring prospective buyers’ imaginations and assisting them in visualizing their chairs.
6. Use Keywords That Are Relevant To the Item
Conklin and Morgan both agree that omitting keyword tags from product listings is a typical error.
“Traffic is driven by the you put up for your listings,” Conklin explains. “You have to think like a normal person,” she says, adding that many people overthink the terms.
Morgan attempts to imagine what people may search for when looking for her items when labeling a listing, such as a wooden toy, handmade, and organic.
To assist her listings to get to the top of the search results, she begins virtually all of her product names with the word “wood toy.”
7. Take into account advertising and free shipping
Morgan utilizes both Etsy advertising and free delivery to help shoppers locate her items.
Sellers may establish a daily budget with Etsy Ads to make their items stand out in search results. “Right now, $1 a day is my sweet spot,” Morgan explains.
She attempted to increase her advertising bu
dget to $5 per day at one point, but it didn’t result in a substantial increase in sales.
Another approach to stand out in search results and boost sales is to provide free delivery. “People appreciate it when you provide free delivery on purchases of $35 or more,” Morgan adds.
To stay successful, sellers that provide free delivery should include that cost into their rates.
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8. Make Use of Etsy’s Selling Tools
Etsy offers a range of tools to assist merchants in their endeavors. A forum, a seller guide, and the Etsy Summit, an annual community education event, are among them.
Other provide seasonal advice and insight into selling patterns.
In its 2021 Holiday Themes book, for example, the business predicts that nostalgia and a “cottage-core” style will be cross-category trends this year.
Meanwhile, according to the Fall 2021 Trends report, searches for fidget toys have climbed by 3,697 percent, while searches for classroom posters have increased by 140 percent.
According to Etsy, “every two seconds someone looks for a gift box, and every second someone searches for wall art.”
Conklin has seen the firm expand in the years since she first established her Etsy site. While this implies there will be more competition, it also means there will be more consumers and possibilities.
“I tried selling some items locally,” she recalls, “but what I discovered was that there simply weren’t enough eyeballs on my chairs.” “Because (Etsy) has grown so much, it’s become better.”
Things to Sell on Etsy
The following are the best things to sell on Esty to make money. However, if you aren’t creative enough to make goods but you are interested in joining the Etsy community, you can source items to sell from its suppliers.
a. Handmade Jewellery
b. Beads and jewelry supplies
c.Party Decorations
d. Toys
e. Kid’s clothing
f. Accessories
g. Pet supplies
h. Vintage items
i. patterns
j. Greeting cards
k. Clip arts
l. Personalized Notebooks
Startup Tips for Beginner’s on How to Make Money on Etsy
1. Research the demand for your product first
2. Be involved with the community
3. Post-high-resolution photos
4. Be responsive
So, there you have it! I hope you now have a good grasp of how you can make money on Etsy and how to find the best things to sell on Etsy to make money.
Are you an existing Etsy shop owner? Are you planning to create your account? Let us know what you think in the comment section below! Also, don’t forget to subscribe to our newsletter for more updates.
StudentsandScholarship Team.
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