Etsy.com Is Fastest Growing Online Selling Site
Little Etsy, started in 2005, is now the fastest growing site for individuals to sell their handmade merchandise.
Etsy was started as a place for artists, crafters and creators to connect with buyers directly. Their low fees and focus on quality handmade goods only has attracted over 2 million members since its founding. According to AuctionBytes, Etsy sold over $12 million worth of handmade goods last month, March 2009. That compares with $1.6 million in March 2008.
Here is a chart of Etsy’s growth to date:
Total Members: over 2.1 million
Total Sellers: over 200,000
Items Currently Listed: over 3.4 million
Total $ sold (Gross Merchandise Sales)
2005 = $166,000
2006 = $3.8 million
2007 = $26 million
2008 = $87.5 million
2009 = $32 million (through March)At this rate, Etsy should go over $200 million this year. Given the state of the current economy that is pretty good growth. So if you make and sell handcrafted goods, give Etsy a try.
Photo by Etsy.
Jaclyn on April 29th, 2009 9:32 am
Wow, it look’s as though their business is doing great for them so far! Which is not surprising, even today people really seem to flock towards hand made products.
Selena on April 30th, 2009 8:22 am
I adore etsy and have been a seller there for well over a year.
Saba Sode on June 5th, 2009 6:11 am
I’m Saba Sode;an up coming Nigerian business man.I would be interested in selling African art works,most especially Nupe art works(from the northern part of Nigeria. Kindly furnish me on how I can go about selling my products online.Thank you.
RedHotFranchises on June 5th, 2009 8:30 pm
Interesting statistics! Looks like a good alternative to eBay for the Homemade products industry. I would certainly give it a try.
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