If you’ve never heard of Etsy, it is an online marketplace designed specifically for “Unique Items.”
You can turn your hobby into a money-making venture by setting up a store on Etsy – here’s how to do it. They can sell almost anything, from greeting cards and candles, to clothing and jewelry – as long as your merchandise is handmade or antique (i.e., at least 20 years old) or craft supplies.
Etsy is a platform with about has 1.8 million active sellers and around 30 million active buyers, so there is definitely an audience available if you can make something people want.
How Much Money Can You Make on Etsy?
We’ll be honest here – how much money you can earn entirely depends on how successful your store is.
Some people earn a steady side income of £ 20 – £ 30 a month, and others earn enough to quit their jobs and sell at Etsy full time. The odds are that you won’t become a millionaire from selling on Etsy, but if you follow some simple rules, you can easily Make a decent side income while studying, all while doing something you really enjoy.
You will need at least these things
1. Something to sell
This is the tricky part, but if you choose wisely, it could be the start of a whole new business. It doesn’t even need to be a physical item, a lot of people sell their designs to print at home, or create images for people to use on their websites and social media. If you’re really struggling to get ideas about what to sell on Etsy, why not take a look at Site to see what others are doing, but make sure not to copy someone else’s idea!
2. The name and logo of your store
Don’t think too much about the name of your Etsy store. It won’t have a huge impact on your sales and you’ll also get one chance to be renamed. Think of something simple and fast, and try not to be vague. Also, double check your Google name to ensure it doesn’t conflict with anything else.
Once you decide on a name, you can easily make yourself a custom logo with Canva – it’s an online program that looks a lot like Photoshop but much easier, and it’s free!
3. A little money
Unlike a lot of online selling sites, it’s not 100% selling them on Etsy for free, as each listing costs 15p to post. If you invested £ 1 listing six items, we think that’s definitely enough to start.
You may also want to consider investing in some promoted listings that will hit you with the highest search results, as Etsy is a completely competitive marketplace, so seeing yourself at first can be challenging.
While we’re on the topic of money, you need to think about the cost of your items. Spend some time determining the cost of making the product (including any upfront costs spread across a few units) and then come up with a price.
What are the advantages of Etsy
When you start selling on Etsy, you should create a store, and you are encouraged to add a logo, banner, and description along with social media links that will help your visitor learn more about you.
Etsy’s best businesses use all of these features to create their own memorable brand that people will search for by name. If you want to link your .com address directly to your store, you can set up one (for a fee) directly through Etsy as well.
Etsy has options that allow you to sell custom items more easily, and since custom orders may take longer to create, you can charge more for them. There is also an opportunity to create coupon codes to encourage customer loyalty, or reward your fans on social media.
You can also shut down your store if you need a break, which can be a really useful feature to reassure loyal customers when they come back and see an empty store.
What can you sell on etsy
Here are some of our bestsellers:
- Custom bottles, glasses and shirts
- Artistic publications
- Knitting patterns
- Greeting cards
- Clip Art
- Enamel pins
But people sell all kinds of cool handmade goods on Etsy, the more original the better. We’ve seen successful stores selling everything from nail polish to food, so don’t limit yourself to just what’s popular.