Ever wondered how to make money with Etsy?
I know I have, since they’ve single handedly allowed my wife to off-load much of her crafting. Here’s how:
Since 2005, Etsy has offered an e-commerce platform for artists and craftspeople to offer and sell their goods. The only requirement is that those goods must be personally handmade- i.e., no re-selling is allowed. As opposed to bigger sites like Ebay and Amazon, Etsy offers the following advantages to sellers: Long listing time: Etsy listings last 4 months as opposed to Ebay’s one week time span. This is important because, as an artist or craftsperson, you need time to build up your fan base. Likewise, many clients buy a small quantity initially and then, if satisfied with the product, come back for more at a later time. Lower fees: Etsy charges just 20 cents to create a listing and a 3.5% commission for sold items. This is important because many homemade products cost just a few dollars. In contrast, Amazon’s fees can be pretty steep for sellers who are just starting out. A per item fee of 99 cents is applied to any sold item along with a variable closing fee. Amazon also tacks on a referral fee which, for craft items, could run as high as 15%. Ebay fees can also be cost-prohibitive; the site waives insertion fees for sellers that are just starting out, but at the close of sale a 9% commission is taken for traditional auction-style listings. Fixed-price listings can result in the seller paying a 50 cent insertion fee and as much as a 13% commission at final sale.