Four Tips When Starting an Etsy Business

It seems like everyone and their mother are selling items on Etsy. Some might think it’s an easy way to make some money, but in reality it is not. Just like with any business, being an Etsy business owner can be hard work.

Here are my tips for beginner Etsy sellers:

Four Tips When Starting an Etsy Business1. Price your product correctly.

If you want to sell on Etsy, then you will need to do some research. Just like with any business, this will need to be done. You will want to research what the best price point is for whatever it is that you are selling.

Will you be selling your product at a high price because of a high quality or will you be competing with your competitors by selling your product at a low price?

2. Photos are important.

On Etsy, photos are very important. You will definitely want to brush up on your photography skills or even possibly take a photography class (or maybe a few). You will want to provide high-quality photos for each of the products that you are trying to sell.

This will attract potential customers because the thing that will get customers to click over to your products and your Etsy store is the quality of your photos.

I know this works because when I personally look at Etsy, the best photos are what usually gets my attention.

3. Customer service matters.

Customer service is extremely important in the retail world. If you are selling something to a customer, then you need to know how to treat customers correctly. I have seen way too many big mistakes by store owners who are completely rude to their customers for no reason.

Be polite, put on a happy face, and try not to voice your problems and complaints to customers.

4. Descriptions matter.

Not only do your photos matters, but the descriptions matter as well. You need to be able to describe your product in its title and in the summary of the product.

SEO matters on Etsy as well. When people search for products, you want your product to be one that they find first. You have to think that some products have thousands of similar products on Etsy as well, and you want yours as close to the first page as possible and not on the 50th page.

Are you interested in selling on Etsy? Why or why not?

 

Image via Flickr by creativedc

Making Money on Etsy

Making money on Etsy sounds like a great way to make money for some. You can probably work from the comfort of your home and sell something that you love. There are so many possibilities for how you can make money on Etsy. And owning your own business is another positive.

There are many different areas to think about when making money on Etsy. Read below to find out! 🙂

 

Related posts: 

10 Sites for Selling Your Creative Masterpieces

All You Ever Wanted To Know About Making Money From Your Hobbies

All the Basics You Need for Selling on Etsy in One Simple, Easy-to-Read Article

Tips for your Etsy shop

Making money on Etsy

http://www.flickr.com/photos/yifatiii/3286694535/

 

How will you make money?

You need to think about what type of products that you will sell. Will you wholesale products or make your own?

Some Etsy owners make a very minimal amount of money by selling their products on Etsy. Can you make a liveable wage? Would you be able to make more money per hour by working somewhere else?

You have to think about how much these products will cost. Some often think that selling knitted items on Etsy sounds like a great idea, but you need to think about the overall cost. Yarn is expensive. And then there is labor to think about as well.

How much will shipping cost to deliver your item to your customer? Will no one want to pay for the shipping because it will cost more than the actual item that they are buying?

How much will you charge?

There are many, MANY shops on Etsy. Many people probably already sell a product pretty similar to yours. How will you differentiate yourself? Will it be by price or quality? Will you charge more than others or under charge and hope to make money by selling a larger volume?

Who are your target customers?

Thinking about who your target customers is very important when thinking about how you will make money on Etsy. Advertising on young women’s blogs but your target market is grandparents is not exactly the wisest thing to do. This is most likely just wasted money since your target market most likely will never see your advertisements.

How will you advertise?

Many Etsy shops advertise in many different ways. Advertising your product can be very important because you can reach a wider market, and hopefully even more sales will come from your advertisements as well.

You can advertise by placing advertisements on blogs and websites. You can ask bloggers to use your products and do reviews on them. An example would be to ask a blogger to wear the clothing items that you sell and to do a review and include pictures.

Do you make money on Etsy?

 

A quiet night in: an exercise in frugal saving.

image1As much as any couple, family or group of friends might like going out, it’s never cheap. Whether it’s fine dining or going out to your local bar or restaurant, these are costs that add up all too easily. They may seem cheap once in a while but once you start doing it on a weekly or semi-regular basis, it becomes a larger and larger chunk of your expenses.

In contrast to this, understanding the benefits of a quiet night in can prove useful. More than offering something different and relaxing it can demonstrate a way to stay cheap and cost effective whilst still enjoying the usual perks of life.

Food

If you go out to eat, you should know how much this can cost. Cooking for yourself is usually the cheapest but there are still other options. For instance, if you have the urge for Chinese food, it may be cheaper for everyone to pool money together for chinese takeaways than visit your local restaurant. It’s much cheaper and doesn’t have the added costs of additional drinks and restaurant prices and other service charges that are often forgotten about.

Entertainment

Likewise, if you’re not going out, there is nothing to stop you from being social. Your home can prove entertaining enough with the right company. Cheap entertainment can be anything from a movie rental (if you’re only going to watch it once, don’t buy something you don’t need) to various games, which offer entertainment again and again. These are all cheap, whether you use it once or buy it to use again and again. This is another lesson to be learnt in saving, by understanding the real value of something.

If you come across some movies that you and your friends love, it makes sense to purchase the DVD so you can all watch it whenever you like. Luckily, you can save money by ordering your DVDs online, so you do not have to worry about breaking the bank. To make things more interesting, consider having each person purchase a DVD online and then choosing between your favorites every time you gather.

Additional expenses

Hopefully the two areas above should highlight how easy it is to cut down on those little costs for every social occasion but there are always other areas to look at. Take your appearance, for instance. If you don’t go out to an expensive restaurant you might not need to risk your best shirt or shoes. It can also save on other expenses, such as getting a taxi home late if you’ve been drinking or other travel costs.  So, next time you think you might go out, suggest staying in to the others and see how much can be saved.

Tips for your Etsy Shop

Starting your own store where you can sell your crafts is a dream for many. There are tons of articles out there about selling on Etsy, but what about specifics about your store and being successful with selling crafts in your own store?

Be sure to read our past post on everything that you need to know about starting your own Etsy shop.

Related posts: 

10 Sites for Selling Your Creative Masterpieces

All You Ever Wanted To Know About Making Money From Your Hobbies

All the Basics You Need for Selling on Etsy in One Simple, Easy-to-Read Article

 

Make sure that you have great and effective pictures of your products.

Pictures are very important when it comes to selling items online. When was the last time that you bought something without seeing a single picture of it? Not many people would buy something unless they have seen something.

When it comes to crafts and Etsy, it is very important to have great pictures as it helps a potential client completely visualize what they are buying. When it comes to crafts, you never know unless there is a picture included!

Your photos of your products are very important. Make sure to have at least a somewhat decent camera and take clear pictures of the product. Try to take a picture from every angle as well. You might even want to include props so that customers can see how they can use your product and pair it with other items.

Set up an attractive Etsy shop for your products.

Dream up an easy-to-remember name that reflects the your brand.  A name may be hard to come up with but make sure not to stress out too much about it. It should just come to you!

Give thought to your shop’s arrangements.  Etsy offers you the option of organizing your shop into sections; take full advantage of this feature and make it easy for your customers to look at your wares and find what they’re looking for.

For each product, provide thorough descriptions, including measurements, care instructions, gift suggestions, materials and interesting facts. Remember you’re not there to talk to the customer; try to anticipate buyer questions and add some personality to provide a sense of personal contact.

Describe your products correctly.

To make your shop stand out amid all of your competitors, choose suitable tags that will describe your products in the most effective and efficient way possible. Use these tags to indicate color, size, use, style, vintage, materials, and other specific details so that customers can find your product more easily.

After all, if you’re selling stuffed felt owls, you want to attract people looking for just that. Take advantage of the “Top Three” feature, in which the most recent three items you’ve listed show up next to your avatar when you appear in other sellers’ favorites lists.  Potential customers browsing these lists will be drawn to your store by these displays.

Set effective pricing for your products.

Finally, offer several price points in your store. Price your crafts fairly, of course, and don’t undersell–but don’t price every potential buyer out of your market. After all, the customer who can only afford a low-end headband may, if she likes your work, return for that hand-woven bed spread when she gets a raise. Never underestimate the power of a wish list and payday!

Have you ever thought about starting your own Etsy store?

 

This post was mentioned on Money Bulldog.

 

10 Tips for Generating Money by Selling Crafts Offline

Everywhere you go, you find information on how to do everything online; craft sales are no exception.  Don’t make the mistake of overlooking traditional sales methods, however. Offline side hustles are important as well. Not only can you make money; you’ll enjoy traveling, getting to know your customers, and meeting people who love arts and crafts as much as you do. So before you upload another batch of photos, consider having your next sales event offline. Here are some tips on how to make the most of it!

1. Sell Quality Goods

We know, you’re doing this already. But it never hurts to reiterate that the key to a successful business is selling well-made products that people want. Plus, while you may be able to disguise poorly-made goods on the internet, you can’t do it when your customers can handle and examine your wares up close. Before you go on the road, make sure your product quality is the best you can achieve.

2. Market Research

Your art is no longer a hobby; it’s a business. To make it succeed, you must incorporate business skills, of which market research is one. The goal of market research is to discover if there is a demand for your product, what people expect to pay for it, what features they need, and what performance expectations they have. Do not invest huge amounts of time and money in a project until you determine that there is, in fact, a market for your money making ideas, and if you can satisfy that demand. Ask friends, family, and co-workers–everyone you know–for their honest opinions of your crafts. Attend events to determine what items are selling and which are not. As you conduct your research, be prepared to alter your craft, as well your expectations. This flexibility will serve you well in the business world. [Read more…]

How to Start Your Own Candle Making Business

Starting your own business can be an exciting endeavor, but in order for it to be both successful and sustainable, you need to have a product that people want to buy. Why not make and sell your own candles? Candle making is a great way to turn your waxy works of art into profit–and since they are consumable items, you’ll most likely have repeat customers if they’re happy with your products. Featured here are some simple steps to help you get started with your own candle making business.

Research and Planning

The success of your business is largely determined by a solid plan. If you’ve never made candles before, you will need to learn about the candle making process, and decide which types of candles you would like to make. The best place to start is with a good candle making book. A helpful book will list the supplies required for candle making, as well as explain the actual process. A wealth of information can be found online as well–you can gather tips and advice from a variety of candle makers, and find out the pros and cons of making certain types of candles. [Read more…]

All the Basics You Need for Selling on Etsy in One Simple, Easy-to-Read Article

Etsy is everywhere. If you’re a a crafty entrepreneur or a vintage specialist, Etsy is the online marketplace for your wares. However, building a profitable business out of your crafty  money making ideas entails more than just listing your wares on a popular site. You need to know how to present yourself, your business, and your products in a way which attracts customers, and then, keeps them coming back. While an exhaustive guide to Etsy success could (and does) fill many, many webpages, here you’ll find all the basics you need to start selling on etsy in once simple, easy-to-read article.

Your Products

Give careful thought to the products you’ll be offering for sale; on Etsy, you’ll have a lot of competition. Bring something unique to the table. This may require visiting other Etsy pages in your category to discover how you can add an original twist to, say, organic diaper covers. Your creativity will help customers remember you the next time they’re looking for similar items and designs. And while many online entrepreneurial guides counsel you to find a niche, make sure that your money making ideas also have wide appeal. Guitar picks, for example, will attract more customers than cat sweaters. [Read more…]

How to Make Money Growing and Selling Herbs (and Herbal Products)

If you’re a creative person and you don’t mind getting your hands dirty, you may want to consider the idea of starting your own business growing and selling herbs and herbal products. If you weren’t born with a green thumb, don’t worry! Herbs are easy and inexpensive to grow yourself, and whether you choose to sell the plants themselves or make your own fun and innovative products from them, the marketing possibilities are truly endless. Here are some tips and ideas to get you started growing and selling herbs for profit.

Come Up With a Plan

Like any other business endeavor, the best place to start is with a well thought out plan. Since herbs are very cheap to grow, you can plant a lot of them.

If you are able to have an outdoor herb garden, you will need to pick a location in your yard where your plants will thrive and then prepare the area for planting. Keep in mind that outdoor plants are [Read more…]

All You Ever Wanted To Know About Making Money From Your Hobbies

Have you ever spent the weekend sewing, painting, crafting, gardening, restoring old furniture or any other hobby for that matter, and thought to yourself, “Now this is fun. I wish I could do it for a living?”

Who hasn’t? Only 20 years ago, that may have been a pipe dream. But with the advent of the Internet and its numerous e-commerce opportunities, thousands of people are finding that generating cash from your hobbies is one of the best part time money making ideas.

With a little bit of know-how, you can, too!

Initial Investment

The crafting world is so varied, it’s impossible to provide one solid start-up figure. Yours will depend upon your materials cost–less for the knitter, more for the metal smith, for example. Other than materials, your primary cost will be for your online venue. Fortunately, these vary widely in price (see more information about this in our article 10 Sites for Selling Your Creative Masterpieces).

Some charge nothing for registration, but take a small transaction fee on every sale. Others charge for registration. If you choose a company which provides an e-commerce platform, be prepared to pay a monthly fee. Typically, you’ll choose from service packages, ranging in cost from $25 to $200, depending on the options you want. Depending on materials costs, therefore, you can begin your business for as little as a one time investment of less than $100 to as much as $500 (or more) per month. Time is also a factor. Some people don’t spend much time, but others spend tons of time on their money making hobbies.

You might also need to set up your own website as well, as sometimes new customers will want to see what your business looks like. You can set up your own website by starting with hosting, such as through Bluehost.

How Much Can You Make With This Money Making Idea?

[Read more…]

10 Sites for Selling Your Creative Masterpieces

Some people just have the knack. While other still can’t cut a straight line decades after kindergarten and struggle with pattern instructions, they’re knitting layettes, weaving rugs, making adorable stuffed owls, one of a kind candles, or recreating the Sistine Chapel ceiling in their dining room. And every time they complete another fabulous project, their friends say “You should sell these!” They smile and nod, but have no idea where to begin. The thought of websites, advertising, pricing and taxes makes their feet go cold and the dream grows cold with them. Sounds familiar?

Selling your crafts, or art, online isn’t nearly as difficult as you imagine. Unfortunately, this is one of the money making ideas that is not as well documented in the blogosphere as we’d like, and we hope to change that! Here are ten sites to get you started. Just casually browse through them to see if they will work for you. Some of them are easy to use. Others have great communities supporting the users. And some offer help to those that love the crafts, but fear the process of creating a site to market their crafts. (PS: If you know of other sites that should be added to this list, please feel free to add it in the comments below, so other readers just like you can benefit from your advice.) OK, here we go.

#1 Etsy (http://www.etsy.com)

[Read more…]