When Amazon recently hosted its Amazon Prime Day, there were record profits being made globally. Consumers love the convenience of shopping at home on their computer, and websites like Etsy offer millions of small entrepreneurs an opportunity to connect with those consumers.
But as popular as Etsy has become, is it the right site for your burgeoning online business? It’s one thing if you make antiques as a hobby and need an effective platform to sell them on; but what if you have higher ambitions?
There are pros and cons to using Etsy, and they’re worth considering before you make a decision on which platform to use — particularly if you’re thinking of quitting your day job and becoming a full-time online retailer.
What Can Online Sales Do For Me?
Online retailers are reaping huge rewards selling products online. And what a job: working at home, on your own schedule, selling something you’re passionate about.
Sounds ideal, right?
Consider the case of Ryan Grant. He was a student at Winona State University looking to make ends. He started organizing textbook buyback events on campus, then listed the books on Amazon.
He started making a profit of $10,000 a year and learned he could succeed in online sales.
By age 28, he had quit his accounting job in Minneapolis, Minn., and started hitting the clearance aisle at big box superstores like Walmart and Target. Then he resold those items on Amazon. Within a few years, he was making six figure profits.
Stories like that have encouraged more and more people to open a new office – online, that is, and make a full-scale effort at being an online retailer.
If you’re one of them, congratulations on settling on a proven career path.
Keep one thing in mind: sites like Etsy have become fiercely competitive. It won’t be you and 12 competitors out there. It will be you and thousands of competitors. And that’s part of the challenge.
And Etsy won’t be the answer to everyone’s online dream business.
So first, consider the pros and cons of opening an Etsy store.
What Are The Pros of Using the Etsy Platform?
The good news about using an Etsy Platform? There are several factors:
1. Setting Up Shop
It’s not complicated to open an Etsy shop. No need for your friendly neighborhood techie to walk you through it.
It only take a few minutes to set up, and it’s free. Etsy also has a step-by-step guide that’s easy to follow.
2. The Web Traffic is Already There
Etsy has a built-in audience. The website’s fans are highly engaged.
Millions of them come to the site every month, looking for specific items, and they generally are people eager to buy.
What more could you ask for?
And then there are the Etsy sellers as well. Etsy encourages its online retailers to become a collaborative community, where sellers share tips with one another on how to be successful, and are ready to mentor each other.
Etsy is also great for mobile apps, which is where so many consumers do their shopping today, and you can set up new listings through the app as well.
3. Free To Be You
While consumers love mass-produced items like smartphones, specialized items are all the rage, too.
A lot of the items on Etsy are handmade, and last year, the total value of handmade goods, crafts and vintage items sold on this platform rose by 20% to $902 million. Not too shabby.
Active buyers went up 17%, to about 36 million. The value of goods bought on Etsy rose by an annual total of $3.3 billion — which is up from $1 million in the host site’s first year.
Let’s face it, not everyone wants items that are mass produced. To some, those kind of goods means ordinary, and sameness.
They’re looking for something far more unique that helps sets them apart.
That gives the Etsy sellers an opportunity to showcase what they can make that truly is unique and different.
And the built-in customer base Etsy has is a great platform to start with.
“Marketing trends change over time, and are different, depending on the market segment you are trying to attract. When it comes to fulfilling a very specific need for a demographic, specialty products could be the solution to drive more sales in the door. Specialty products have unique features and characteristics, as they are designed as a unique solution for a designated market group.” – Kimberlee Leonard, SmallBusiness.Chron
4. It’s Ideal for SEO
Etsy provides its sellers with great analytics, so you can take time to review your numbers and use them to figure out how to tweak your search engine optimization efforts.
You can check keywords that people are searching for when they find your shop, another great tool for doing online advertising. It’s also easy to download your sales and financial statistics for review.
But there are challenges as well. Here are a few.
What Are The Cons With Etsy Platforms?
1. Pricing competition
Because Etsy is so popular and attracts so many sellers, you’ll find yourself going up against a lot of competitors listing the same type of products. Some sellers feel like the site has become over-saturated.
That’s particularly true considering that Etsy’s platform has been opened to mass producers as well as the small craft shops and individual sellers.
That has an impact on prices. If your competitors are cutting their prices to gain an edge, you could be forced to do the same. That cuts into your ability to make a profit.
And if you’re lowering your prices, how many items would you need to sell to make a solid profits? Thousands?
That’s a tough haul.
There’s always the likelihood of someone else is ready to take an even lower profit margin than you would . And that’s not even counting the new sellers who keep flooding Etsy with listings.
2. Should You Limit Yourself to Etsy Fans?
Yes, a lot of buyers go on Etsy because the items are unique and hard to find elsewhere. But that’s part of the challenge as well.
Customers who are not looking for specialized items may bypass Etsy and hit Amazon or eBay instead.
Think of it this way: Imagine you decide to buy a new coat. If you’re not looking for a handmade one or a specially designed look, chances are the listings that show up on Google will be for sites other than Etsy.
That also makes it harder for your items to rank higher on Google for the same reason.
3. Etsy Shares Your Profits
Once you’ve made some sales, keep in mind that Etsy takes 3.5 percent of it for the privilege of renting space to you on their site. There’s a listing fee of $0.20 for every item you put up, and then you pay 3.5 percent on top of that.
So every dollar in profits isn’t yours to keep.
In addition, there are fees for accepting credit card payments or PayPal.
Etsy views these fees as the price you pay for taking advantage of their strong customer base.
But still, you’re sharing your profits with them. When you set your prices, you need to factor in what you’re required to pay to stay on there.
4. You’re Always a Renter
You’re essentially renting space from Etsy. The host site fully dictates the terms of what you do, what your website looks like, and how it functions.
In order to gain their online foot traffic, you have to concede a lot of control to them and live by their terms.
As a result, you have limited branding opportunities. Etsy will allow your store to have a banner and the images for your listings, but that’s about it. Everything else is standardized by the platform.
Etsy has the final say, rather than you as the seller, over what happens at your shop and can shut you down immediately and without warning for any rule violations.
So it’s hard to turn your dreams of an online business into a reality, as opposed to just a side business, if you don’t have full control over it.
5. You Can’t Create an Email List
Another rule: Etsy won’t let you ask buyers if you can add them to your email list. You don’t have the ability to communicate with buyers that way.
As any marketing professional can tell you, there’s a lot of revenue and profit to be found on an email list. Etsy cuts out that possibility.
“Email marketing has distinct advantages over other modern media. First, it’s direct, meaning that every person on your list receives an email the same way that they’d receive a piece of mail. It’s much different than finding a piece of content in a news feed, even if it’s personalized. Second, email is necessary. You can go for a few days without checking social media or video chatting with your friends and family, but most people check their email several times a day.” – Syed Balkhi, OptinMonster
So the question is, can you overcome those challenges and sell successfully on Etsy?
Is Etsy Better as a Part-Time or Full-Time Gig?
Keep one thing in mind about Etsy: it’s a site where a bunch of different sellers try to sell the same thing. How you distinguish your products from the competition is your biggest challenge, and if your competitors focus solely on reduced price, you could have a problem.
What you usually need in these situations is your Unique Selling Proposition – that which makes you different from the rest, and why consumers should buy from you, not a competitor.
And as we mentioned, Etsy limits your ability to create a unique brand through their platform. As the seller, it’s extremely difficult for you to market your brand and find a way to resonate with buyers.
So a better solution would be to use Etsy as a starting point for your online sales – but not the only one.
Once you’ve started to grow your Etsy shop, explore other options. It could be time to build your online shop, free of the restrictions that Etsy imposes.
You can keep your Etsy shop as well, and the sales and exposure you get from them.
But with your own shop and website, you can:
brand yourself any way you want;
list products without paying fees;
maintain an email list, to stay in contact with your customers;
and have more options for your marketing efforts.
If you’re not sure how to set up your own website, contact a company like Chatter Buzz. Hiring e-commerce professionals to help launch your online business is a smart way to expand once you’ve built up some experience through Etsy.
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Questions to Ask Clients Before Starting Any Graphic Design Project
In the world of a graphic designer, dealing with clients who don’t know what they want can be a challenge. If you find yourself struggling when receiving answers it might be because you are not asking the right questions. As we all know, client input can be extremely important for getting a better perspective on a project and the overall growth of business.
For this reason the Orlando Internet Marketing team finds this blog to be a good guideline for those who are trying to find the best method to deal with a client when it comes to communicating with them. After all, there are only so many hours in a week, and taking care of everything in a timely manner can become important. Therefore, asking the right questions and getting the right answers as soon as possible can allow for a project to be completed faster and meet the client’s expectations.
So what kind of question do you ask for brand design? Lets start from the very beginning, get to know your client!
There are so many types of questions that the client could ask and some will be essential to answer before starting the project. Some questions will concern creating a logo design and others for the general branding. No matter whether your client is a small business owner or a more developed company, these questions will be of great help.
You might need to ask more than just these questions. It just depends on the type of client and the expectations they have for the finished project.
Start by asking:
What is the purpose of this project ? Companies looking for a complete new image or are they looking for a fresh new look. Most companies redesign their logo every 5 to 10 years. Meaning they keep the same logo, but just are looking for a more modern look.
Is there any specific color that the company uses or color that represents the business ? Colors play an important role in design, especially in designing a logo. Color can represent the company’s values and play a part in what the company does. A surf shop is expected to have some degree of blue in their logo, as an all natural food store is expected to have green in their logo.
Does the company has a slogan or tagline? Some companies have a tagline or a slogan. The reason they may have one varies, but it should be kept as simple as possible. This can be a memorable attribute that links your brand to the intended audience. It can tell potential costumers and current employees what you are all about.
Does the company has a philosophy that could be reflected on the design? The company may be trying to reflect their speedy service. Therefore, adding an element that represents speed becomes important for the brand. If a company strongly values customer satisfaction, the design should clearly reflect the company’s values through the visual relation in the logo design.
Does the client has a specific logo or idea in mind? Half of the time clients have an idea of what kind of logo they want to use to represent their business. If the client does not have a clear idea of what they want, asking the client to describe their business becomes a great way to understand what they are looking for. Asking the client if they have done any research for sample work can also become a crucial part of the conversation.
Does the logo requires a specific image to represents the brand or what the business does? Some brands incorporate images within their logo to give it a unique look that represent what the company does. If the company is organic and sells organic food, it is almost expected that a green leaf will appear in the logo.
Does the client prefers the logo to be typography? Some clients prefer to have a simpler look to their logo. They could prefer looking at a logo design made from recognizable fonts instead of creating their own unique font to match the brand.
Should we analize competitors ? This becomes a valuable step, as it can show you how some companies have created iconized logos from the same elements used consistently. Example: Most lawyers logos can be recognized because of the justice or law icons placed within the logo.
Where is the logo going to be used? Not too many designers ask this question, but understanding the media it will be placed in can allow the designer to configure how small the details on the logo should be. A logo that looks great in all format sizes will be a success, while a logo that has smaller details will not work when printed in smaller formats, such as a business cards, that have to be reduced.
Now that we have the basics covered, you should have a better idea of what kinds of questions to ask before any concept is created. This does not mean that you will only ask only these questions. It all depends on your client and what it will take to accomplish the project ahead.
About Victoria Wallace
Victoria is a writer, editor and the Content Manager. She loves blogging and just contributing amazing content online that can help people. She believes it can all happen one post at a time.