The e-commerce sector has rapidly grown into a colossal industry over the years. Numerous businesses and entrepreneurs are striving to carve out their place in the e-commerce landscape.
There are many platforms available for e-commerce on the internet, each offering different opportunities and specific rules. Etsy is a prominent marketplace that has been steadily gaining popularity. Before deciding on the platform to sell on, it's essential to thoroughly research all aspects and then embark on your journey. We're here to provide you with comprehensive insights into Etsy to equip you with the knowledge you need.
Etsy was founded in 2005 and boasts 54 million members as of 2020. What sets Etsy apart is its emphasis on originality and handcrafted products.
It's a platform closely associated with artists, craftsmen, hobbyists, and designers.
On Etsy, selling products wholesale is prohibited. Each product must involve effort and offer originality. Angora Silver products cater to Etsy customers, showcasing guaranteed high-sales potential through original designs.
Here's a concise overview of some frequently asked questions about Etsy. For more in-depth information and partnership opportunities, you can reach out to Angora Silver.
You don't necessarily need to be a company owner or have a registered business to sell on Etsy. You can sell as an individual.
When receiving payments on Etsy, you'll be required to provide your IBAN details when setting up your store. In the finance/payment settings section, you can choose how frequently you want your funds to be transferred to your account, such as daily, weekly, bi-weekly, or monthly.
Etsy doesn't charge a monthly or yearly fee for opening a store. There is a listing fee of around approximately $0.20 USD + VAT per product. Once listed, a product remains on the site for four months. If the product sells and you have stock or the ability to reproduce it, the auto-renewal option will relist the product.
Etsy charges a commission fee on your sales. If you choose to run Etsy ads that boost your visibility in keyword searches, Etsy will charge you for these ads. All payments are invoiced and billed to you on a monthly basis.
Positive customer reviews are crucial when selling on Etsy. These reviews enhance your store's credibility and accelerate your sales. Small gestures like sending small, well-received gifts, offering fast delivery options, or providing personalized options can set your store apart.
For product images on Etsy, it's recommended to have a resolution of 2000 x 2000 pixels or 1000 x 1000 pixels to ensure compatibility with all page views. Key considerations for product images include high resolution, proper lighting, multiple photos, showcasing product details, and highlighting color contrasts. Your product's image is what will primarily drive its sales.