3 Easy Ways to Make Money on Etsy for Beginners
Image Source: Unsplash
If you’re looking for easy ways to make money on Etsy, keep reading. We’ll cover everything from how much money you can make to the kinds of items that are most likely to sell for a profit. Whether you’re a first-time buyer or a seasoned seller, you’re sure to discover something useful and profitable in this article. Read on, and maybe even discover your next side project!
What is Etsy?
Etsy is an online marketplace where independent artists can sell their handmade and vintage goods. According to the site, there are more than 30 million people shopping on Etsy each month. You can sell anything you make yourself or find things to sell that are already made.
There are also marketplace categories like home decor, clothing, and more. There is a $0.20 listing fee per item that you want to sell.
You also have to cover all the shipping costs and handling charges. Depending on the category and weight of the items, these costs can be as high as $20 per item. However, you can find some calculator apps that can help you estimate these costs before you list an item.
How Much Money Can You Make on Etsy?
One of the most common fears people have about starting an online business is the idea of earning enough money to live off of. This is understandable; after all, we do need a reliable source of income to pay for the basic necessities of life like groceries, gas, health insurance, cars, and more.
The good news is that you can earn a ton of money on Etsy, and there are many ways you can make money on Etsy without putting a lot of time into it.
The main factors that determine how much you can earn on Etsy are your shipping time, how many sales you get each month, how much you charge per item, and how many items you sell. You can also use Etsy’s marketing features to drive traffic to your store, but those strategies are different than the ones we will discuss below.
3 Easy ways to make money on Etsy
Selling your own items on Etsy – This is by far one of the easiest ways to make money on Etsy. If you make anything, you can potentially turn a profit selling your own handmade items.
You just need to find a niche that your items fall under, price your items reasonably, and then ship them out. While this is a very simple way to start a business, it can be hard to turn a profit if you don’t have any prior experience selling.
Selling other people’s items on Etsy – This is essentially a side hustle. You can find items on Etsy that people have made and offered for sale. You can then buy and resell these items for profit. The key here is to find items that someone else has made and bought for a high price. Then, you just have to find ways to resell these items at a lower price.
Marketing on Etsy – Etsy offers several different ways to drive traffic to your store and increase sales. The easiest and most cost-effective way to do this is with Etsy’s built-in marketing features.
Besides posting in-depth product reviews, Etsy customers can also use Etsy conversations to promote each other’s stores and products. You can also use Etsy’s custom URLs to create unique and relevant product URLs. This can help drive traffic to your store and increase sales.
Where to sell your items on Etsy
When it comes to finding a good place to sell your items, you have a few different options. You can sell directly to your customers online, in-person, or at local craft and hobby stores.
When you go to sell your items online, make sure you check the terms of service for the site you’re using. Some sites only allow you to sell one item per month, which can be a great way to stay focused on just one type of product and not get distracted by too many options.
If you’re selling in-person, make sure that you abide by all local, state, and federal laws. If you’re not sure about the rules in your area, ask your local chamber of commerce for advice. If you’re selling at local stores, make sure that you can find a store that takes consignment or that allows you to sell items at a discount. This way, you can get a regular selling schedule and a good price.
Conclusion
Etsy is a great place to sell handmade and vintage items. It can be challenging to make a profit, but with the right tips and tricks, you can do it.
Keep in mind that you have to sell a certain number of items to make a profit on Etsy, and you can’t wait for clients to buy your wares. Start your side hustle with these above ways to make money on Etsy and see how much money you can make.