Can You Really Make Money with Etsy
Does Etsy Worth Your Time & Efforts To Make Money
By Sam Ammouri
Etsy is home to more than 800,000 shops ran by sellers who make all sorts of things like clothing, jewelry, music and more.
With handmade PRODUTS in every category imaginable, shoppers can find just about NYTHING they want at Etsy.
This is a great marketplace for crafters to connect with buyers who may be interested in their handmade items.
Etsy was founded in 2005, but didn’t really shine until 2009. That’s when Etsy received $620,000 in funding from investors, which attracted thousands of crafters who made the choice to sell their goods on Etsy’s marketplace.
So let’s take a look at if you can still make money with Etsy, how much, and how.
Can You Truly Make Money With Etsy?
There are enough stories of Etsy sellers that are doing well, selling thousands of products, but how can you know for sure?
Unless, an Etsy seller is willing to share their information, there’s no real way to know for sure how successful or unsuccessful they are.
Or may be the clever way to tell is to simply visit random Etsy shops and check their sales numbers. If you are considering selling your own handmade items on Etsy, you should visit shops in the category you want to sell in.
All shops hosted on Etsy has information listed so buyers can learn about the shop and its owners, read reviews, and more importantly the number of sales the shop has acquired.
Here is an example…
You can clearly see that this shop was built in 2014, and has made three-hundred thirty-four sales since then.
Now you can look at the price of all their items to come up with an average price. That should give you a pretty good idea how much money they are making.
So, if you are curious about Etsy shops in a certain category, just find the best selling shops in that category, then look on the left side of their page for the information.
You can brouse Etsy and see lots of shops with thousands of sales listed, so I think it’s safe to say that YES, it is possible to make money with Etsy.
How Much Money Can You Make with Etsy?
You can easily find this at CraftCount, a website that collects information about Etsy sales, we are able to see many of the top selling shops on Etsy, according to country, category and date.
See the overall, top selling Etsy shops for today’s date, (11/11/15) based purely on sales, not category or country.
You can see a shop called BohemianFindings sits at the top of the list with more than one-thousand sales the previous day.
Things to Consider Before Joining
The first thing you should consider is that all three shops we featured above were not instant successes. They all started at roughly the same time.
They had to work for years before they saw any success at all. This is true for most businesses, but just I just mean to temper expectations here.
With almost one-million shops on Etsy, competition is fierce, and certainly not ideal for anyone hoping to jump in and make a lot of money right away.
Consider some of these caveats before jumping into the craft yard.
Most handmade goods require an extensive amount of care. If you make soap, for example, you can’t just make a batch and throw it in your garage for two or 3 months waiting for it to sell. Do that, and you could lose your entire inventory, and all your hard work is gone.
Packaging and shipping items costs money and takes time. When most new businesses start to grow, they usually find that this is their bottleneck. A growing business is a good thing, but if you don’t plan, hire and budget for packing and shipping then any growth you might have seen will be instantly stunted, and probably stopped.
3. Factory-Like Production of Crafts
There is a real difference between making a few cool items and shipping them to happy customers for pocket money, and creating a full time business shipping thousands of hand-made crafts every month.
After creating, packing and storing your items, you still have to find time and money to market your business. Etsy does not do this for you. That’s a common misconception. An Etsy shop is part of a marketplace that may or may not come up in the searches shoppers perform while inside Etsy.
At Etsy- You Don’t Own Your Shop!!!
Etsy has the power to remove any shop at anytime.
Imagine building a successful business that was stripped out from under suddenly. Not a good feeling. Unfortunately it happens all the time with sites like Etsy, Facebook, YouTube and many others.
Anytime you build on a buisiness you don’t own, you run the risk of losing it all, at any minute. People — even your competition — can put you out of business with a few simple complaints.
This is probably the biggest reason to avoid building a business that relies on a marketplace controlled by others.
Being a business owner means making smart decisions. Too often, new entrepreneurs jump on what’s easy, cheap or trendy. I advice you to avoid such traps. Make smart decisions that will pay off in the future.
While Etsy boasts being home to more than 800,000 shops, it is rumored that only half of them are active. To be active in Etsy requires selling at least one item within the last twelve months.
If you want to make money in the crafts market, why not start out simple? You can start as affiliate and sell crafts from Etsy, Amazon, or any other retailer.
Affiliates don’t have to worry about making, shipping or storing items. I’m an affiliate for some of my favorite companies and I enjoy making a percentage of every sale without ever touching a product. You could do the same thing.
You can start a website for less than $10, become an affiliate for your favorite stores, and build an income that supports you and allows you the time to make your own things.
Being an affiliate is the best way to make money online in my opinion. It’s cheap to start which means low financial risk. There’s no inventory to store, no items to ship, and you have the freedom to grow your business at your own pace. I started back in 2012, and now I do it full time.
Like me, you can join Wealthy Affiliate to learn more about becoming a successful affiliate with a free starter membership that includes 24/7 live chat, 1,000s of members and I’ll be there to help you along the way.