1. What is Etsy? Is making money on Etsy real?
2. How to make money on Etsy.
3. Some important considerations when selling on Etsy.
1. What is Etsy? Is making money on Etsy real?
- Etsy is an e-commerce platform primarily focused on selling handmade and vintage products. Think of it as a unique marketplace, similar to eBay or Amazon, but with a strong emphasis on small, startup sellers specializing in handmade and home decor products. Consequently, Etsy attracts customers who appreciate handmade, DIY, and home decor items.
- Common products on Etsy include handcrafted artworks, woven bamboo products, handmade items, home decor, designs, accessories, household items, and more.
- Etsy, headquartered in the United States, boasts over 4 million sellers serving more than 80 million customers from 230 different countries.
=> Based on the information above, making money on Etsy is indeed a reality. Instead of domestic e-commerce platforms like Shopee, Tiki, or Lazada, Etsy provides an international stage for selling your products, introducing them to friends across multiple countries.
You can effortlessly set up a free Etsy account, create your shop, and earn money by selling products. The amount you earn depends on product quality, marketing strategy, pricing, and more.
What to sell on Etsy? Safe and effective tips for doing business on Etsy.
2. How to make money on Etsy
Venturing into Etsy business, selling designs can yield incredible income if approached seriously. To start your Etsy business, create an account and set up a shop to showcase your products.
* How to Register an Etsy Account
- Click on HERE for quick access
- Select 'Sign in' => choose 'Register' to create an account
- Enter personal information, including email, name, and password for registration => then choose 'Register' to create your account.
You can also create an Etsy account by linking it to your Google, Facebook, or Apple account. Simply click on the corresponding options and follow the system's instructions.
* How to Verify Your Account
To ensure smooth and secure account operation, you need to verify your account. Simply log in to your account => Choose 'Sell on Etsy' => Once the interface appears, select 'Open your Etsy.' You'll receive a verification code via email, click 'Confirm account' to complete the verification process.
* Creating a Shop, Selling Handmade Items on Etsy
- Log in to your account and choose 'Sell on Etsy' => select 'Open your Etsy Shop'
- Receive notifications from the system => Choose 'Let's do this' => Proceed to answer the displayed system questions => Click 'Next' to continue.
- Fill in basic information under 'Shop preferences', then select 'Save and continue'
Information to be filled includes:
+ Shop language: Choose English
+ Shop country: Choose Vietnam
+ Shop currency: Choose United States Dollar
- Next, the system will guide you through the following steps:
+ Name your shop => After naming, click 'Check availability' to see if the name is suitable or if it's already in use. If there's an issue, a red checkmark will appear; if it's valid, a green checkmark will display.
+ How you'll get paid
+ Set up billing
+ Your shop security
+ Stock your shop
Note that in the Stock your shop step, you need to list a product to activate your shop. Click the Add a listing button to add a product to Etsy.
- Confirming the opening of your Etsy shop
Once you've completed all the information filling steps, select 'Open your shop' to confirm. Now, you have an account and a shop ready to sell on Etsy.
It's important to note that Etsy charges a nominal fee of 0.2$ for confirming and completing the registration of your first sales account.
* Managing your shop and selling
After setting up your shop, you list products, plan promotions, and advertise to sell and receive funds on Etsy.
Similar to Etsy, Shopee and Lazada are major e-commerce platforms, providing a safe, convenient, and fast online shopping space. For additional information on selling on these platforms, exploring how to earn money with Shopee or discovering the simple and secure tips for making money on Lazada shared by Mytour can be highly beneficial.
3. Key considerations when selling on Etsy
To sell effectively on Etsy, consider the following issues:
- While creating an account and opening a shop on Etsy are entirely free, be aware that you'll incur subsequent fees to maintain and grow your shop.
+ Listing fee: 0.2% per approved listing
+ Transaction fee: 5% of the total value
+ Payment processing fee (only when using Etsy Payments): 3% + $0.25
+ Advertising fee: 12% or 15% based on annual revenue.
- Ways to increase customer reach: Opt for advertising programs like free shipping, discounts, vouchers, introductory emails, etc. Each advertising run incurs fees to the platform.
- Choose products with high conversion rates.
- Optimize product introductions, product titles for easy customer tracking and purchases;
- Optimize shipping costs between countries.
The above is the entire content on how to make money on Etsy without scams that we have compiled and shared with our readers. Leveraging the advancements in information technology and simplified international shipping, you can explore selling and earning on Etsy.
Aside from earning money by selling on Etsy, you can also join the affiliate marketing network on AdFlex CPO and profit from the % commission on sold products. To gain a deeper understanding of the online advertising platform AdFlex and the CPO payment model, we invite you to read Mytour's guide on earning money with AdFlex CPO for more information.