How It Works
You have to pay a listing fee to sell on Etsy. One benefit is that customers pay you directly. You risk paying to list items that don’t sell. Etsy charges 20 cents per item listing for four months. The site also charges a 3.5 percent transaction fee. Also factor in shipping costs.
Learn how it works so you can earn cash on Etsy. In order to make a profit, your asking price must be higher than all of your costs combined. But if you products are overpriced, you may not sell much. Under-priced sellers may not be taken seriously. It is a tough balance.
The first thing you'll need to do is register. It's important to note that you'll have to enter your credit or debit card at some point during the registration process for verification purposes. You'll also be asked to enter your username, which you cannot change later. Keep that in mind for branding purposes. You'll want to pick a name that customers can easily associate with your store, since your username will also be the name of your shop. Once your account is set up and confirmed, you can list items in your store.
What to Sell
There is a lot of competition on Etsy, and the key to success is setting yourself apart. It's easier said than done, and you may have to go through a period of trial and error. Once you overcome that initial period, you'll do better at selling your items online. Try to be as unique as possible and list in categories that are not heavily saturated. That's not to say that you shouldn't try to sell in a category that already has thousands of listings, though. It just means you have more competition; the more original you are, the better. Some items that are sold on Etsy include:
- Personalized crafts
- Wool hats
If you don't feel talented enough to sell your own handmade creations, you can sell what others make. Simply list items in your store, and earn a commission based on sales.
Photos and Packaging
One investment you'll need to make is a good camera. Don't use your phone to take pictures of your items for listing purposes. Good quality photos will translate into sales. If your photos look cheap, then your items will too.
The hot commodity that sells well on Etsy is "unique." You won't get much traction if customers can go to Walmart and find the same item. Your packaging should be as creative or unique as the creations inside. You'll create a lasting "wow" that will lead to repeat customers. Consider including a handwritten note. Your customers use Etsy because they enjoy handmade goods. They want the personalized feel that many Ebay sellers don't offer. Think of ways to offer a personal touch and you'll increase sales.
Etsy is all about having fun while earning cash. Customers are drawn to sellers who look like they're passionate about their work. Keep that in mind as you upload your own photo on Etsy or in the ways you market on the site.
Has anyone tried selling on Etsy before?