Step By Step Guide on How To Make Money on Etsy in 2023

Hello! Do you want to know how to Make Money on Etsy? Etsy is a game-changer in this modern digital world. I just discovered how much money people make selling on Etsy: A LOT! There are many e-commerce sites and with more and more people shopping online every year, the competition is undoubtedly getting higher. In this article, we will show you a step by step guide on how to make money with Esty. Look!

What is Etsy?

Etsy is an e-commerce site focused on handmade, vintage items and craft supplies. Items range from jewelry, accessories, bags, clothing, home decor, furniture, and more. Etsy started out as an online marketplace for handicrafts in 2005. It has expanded over the years to include vintage and homeware items, but remains one of the most popular places to shop for unique pieces. artisan products on the internet.

According to Etsy, “The beauty of our platform is that anyone who is creative can succeed in our marketplace.” “As for someone who can turn their passion, hobby, or part-time job into a financially successful small company, the sky is the limit.” As of December 2018, it was reported that there were over 60 million items on the Etsy platform.

Figuratively speaking, it has 2 million sellers accommodating 39 million buyers. It is home to a community of manufacturers, small business owners, and buyers. There are over 1.6 million stores on Etsy, with some of the best making over 500 sales per day!

Tips For Making Money on Esty

Many people want to know if it is possible to make good money on Etsy? Running an Etsy store is like starting your own small business. You have to plan very carefully, attract customers and sell your products well.

There will be setbacks and times when people won’t buy, but that’s okay. So, here are some tips on how to succeed and make money on Esty.

Have a Profitable idea

If you want to make money selling things, it’s important to sell a product that you care about. But before you dive in, make sure it sells. You can quickly explore the market using the Etsy search bar. Be as specific as possible in your request and go to different store pages to see the number of sales made since opening.

Choose The Right Product

Before you open an Etsy store, double-check if your products fall into one of the following categories:

• Goods made by hand.
• Antiques not younger than 20 years old.
• Craft materials.

According to Etsy, the site’s top categories in the past have been home and home furnishings, jewelry and personal accessories, and crafts. Study the current prices of similar products in other stores, and also choose the right products to see if your company can be profitable. Be sure to include Esty in your fees, including 20 cents for four hours. month of listing, 5% transaction fee based on sale price, and 3% plus a processing fee of 25 cents when calculating your expenses.

Upload great photos

Because Etsy is an online marketplace, beautiful photos are critical to sales, experienced sellers say. However, since most smartphones are capable of producing high quality images, there is no need to invest in expensive hardware. “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 has seen several new sellers struggle because their photos weren’t attractive or interesting enough. While other sellers may use filters or photo boxes, Morgan has succeeded with a simpler technique. “I just use a white Ikea table that I put next to a window for natural light,” she adds. She used YouTube tutorials to hone her skills and learn how to take photos (pin drop).

Tell A story

Etsy provides shoppers with the opportunity to purchase handmade items that are not available anywhere else. “Everyone likes a good story,” Morgan adds. “They’re interested in learning about your past and how things are made.” Being transparent about who makes your products—you or a colleague—and what materials they’re made of can help boost purchases for people who want to help small businesses succeed.

Suzanne Sachs, whose Etsy site ArtDecoDiamonds sells vintage engagement rings and jewelry, says: “Women and Etsy shoppers today are more socially conscious and aware of sustainability, environmental impact and natural alternatives. “Another strategy to attract customers is to focus on the use of environmentally friendly materials and Company operations.

Use Pinterest to Save Photos

According to Conklin, many Etsy entrepreneurs underestimate the effectiveness of Pinterest in promoting purchases. “Pinterest accounted for half of my traffic for a while,” she says. Pinterest is a social networking platform where users can store or attach photos to virtual boards. Other site users may follow certain boards or individuals.

They can also search for photos that interest them. Conklin found that many people follow her photos long before they make a purchase. As Chair Whimsy creates unique chairs, the photographs also serve a dual purpose: to inspire potential buyers. imagination and helping them visualize their chairs.

Use Subject-Relevant Keywords

Conklin and Morgan agree that excluding keyword tags from product listings is a common mistake. “Traffic is secured by the keywords you put up for sale,” Conklin explains. “You have to think like a normal person,” she says, adding that many people overestimate deadlines. Morgan tries to imagine what people might be looking for when they search for her items when tagging a list, such as wooden toys, handicrafts, and organic products. To help her listings rank at the top of search results, she starts nearly all of her product names with the word “wooden toy.”

Consider Ads and Free Shipping

Morgan uses both Etsy ads and free shipping to help shoppers find her products. Sellers can set a daily budget using Etsy Ads to make their items stand out in search results. “Right now, $1 a day is my favorite,” Morgan explains. At one point, she tried to increase her advertising budget to $5 a day, but this did not lead to a significant increase in sales.

Another way to stand out in search results and increase sales is to provide free shipping. “People appreciate it when you offer free shipping on purchases over $35,” Morgan adds. To remain successful, sellers offering free shipping must include this cost in their rates.

Use Etsy Selling Tools

Etsy offers a range of tools to help sellers in their endeavors. A forum, a guide for sellers, and the Etsy Summit, an annual public education event. Other newsletters provide seasonal tips and insight into sales patterns. For example, in its book Holiday Themes 2021, the company predicts that nostalgia and cottage-style will become trends in different categories this year.

Meanwhile, according to the Fall 2021 Trends report, searches for fidget toys increased by 3.697% and searches for posters in the classroom increased by 140%. According to Etsy, “every two seconds someone is looking for a gift box, and every second someone is looking for wall art.”

Conklin has seen the firm expand since it first launched its Etsy site. While this means there will be more competition, it also means there will be more consumers and opportunities. “I tried to sell some items locally,” she recalls, “but found that my chairs just didn’t have enough eyes.” “Because (Etsy) has grown so much, it has gotten better.”

What to sell on Etsy

Below are the best things to sell on Esty to make money. However, if you’re not creative enough to make items but want to join the Etsy community, you can buy items to sell from its vendors.

• Handmade decorations
• Beads and jewelry
• Party decorations
• Toys
• Baby clothes
• Accessories
• Pet supplies
• vintage items
• Knitting description
• Greeting Cards
• clip art
• Personalized notebooks

Tips For Beginners on How To Make Money on Etsy