Etsy is one of the largest online marketplaces where you can buy and sell handcrafted goods.
With more than 96 million active users around the world, it is one of the biggest online marketplaces in the world.
It’s also the place to be if you’re a creative entrepreneur who’s looking for a place to sell or if you’re a small business owner looking for customers to sell your handmade jewelry, crafts, and even art to millions of people online.
Want more savings? There are different ways to make extra income on the side!
Who’s eligible to sell on Etsy? How much does it cost to start a store on the platform? To see the potential of running your side hustle into a full time business, here’s your step-by-step guide to selling on Etsy!
Create A Free Account
First things first: Create your own account.
Go to https://www.etsy.com/sell, click “Get Started,” then follow the prompts
Open Your Storefront
After registering for an account, you need to select your shop’s country, language, and currency.
Etsy will also ask you to choose a shop name. This can be really tricky, especially if you don’t have one yet.
You can use unique words or phrases, combine two words together or use your own name!
You can change your shop’s name as many times as you want before your launch. However, once you launch your store, you can only change it once!
Stock Your Products
Now, it’s time to add the products.
For each listing, you can add up to 10 products.
To catch even more attention, adding a 5 to 10 second video will greatly help.
After adding the photos:
- include the product description
- choose a category
- select the pricing
- include your shipping information
- then hit the Publish button
Choose The Shipping Options
When it comes to shipping, there are two options for Etsy:
- Select the shipping preferences per product
- Apply your shipping settings for your entire store
Decide How You Get Paid
Once your product listings are up, you need to let Etsy know how you want to get paid.
To do this, you need to add your payment information and connect your bank account to Etsy.
You can also use your PayPal or Visa and Mastercard to receive your payments.
Customize Your Storefront
You need to catch your customer’s attention as much as you can.
With Etsy, you can customize your storefront with different colors, fonts, photos, and more!
Since your storefront will be your customer’s first impression, make sure that you relay what your store’s vision is to them even at first glance.
Share On Socials
Etsy allows you to run ads from their store.
However, if you’re still starting out and pretty low on budget, you can share your shop details through your different social media accounts.
You may also want to consider marketing on Pinterest too! With more than 450 million active users, this platform can increase your audience engagement and allow your shop to grow.
How Much Is It To Sell On Etsy?
Although creating an account on Etsy is FREE, there are some costs associated with selling on the platform.
Host Listing Fees
Each listing will cost you $0.20.
These listings will expire in four months and will auto-renew for $0.20 per item.
Etsy will collect a fee of 6.5% of the total amount that the customer purchased from the store.
This fee includes the total costs:
- gift wrappers
Payment Processing Fees
There’s a payment processing fee, that’s a set rate plus a percent of the total sale price of your product. However, this varies per country.
Should you choose to take advantage of the platform’s advertising and marketing services to promote your store and your products, there are certain fees that can apply, depending on the ads like:
- Your Etsy ads
- Offsite ads
Who Pays For The Shipping Fee?
It totally depends!
You have the option to have your customer pay the shipping in addition to the items they purchase or you can also cover the fee.
What are the Etsy secrets in buying homemade goods for a steal?
Selling on Etsy may be one of the best ways to earn money on the side, especially if you love arts and crafts.
You can turn your passion into money with this platform.