9 Misconceptions about Etsy You Should Know About
Etsy is undoubtedly one of the most vibrant platforms among the e-commerce marketplaces. The driving force behind the success of Etsy is the creative passion and distinctive tastes of both the sellers and buyers. But no matter how famous Etsy is, there are a lot of misconceptions that swirl around the brand. These misconceptions can keep potential buyers and sellers at bay. So in this blog, we will talk about a few of the misconceptions and realities behind them. We will debunk those misconceptions and present the facts. So let’s get started.
Yes, Etsy has earned its name for being the number-one choice for handmade product buyers and sellers. But the fact is it is also the best place to get vintage items, customized products, and many more artistic crafts. Etsy accommodates a broad range of products.
To start late on a well-established platform can be daunting. It is normal to think that other sellers are way ahead of you in terms of popularity, market share, and reputation. Well, it is true that Etsy can boast of having more than 7.5 million active sellers (2023), and every day that number is increasing. But you need to know that Etsy also had over 100 million active buyers in 2023. So no matter when you are starting, it's never too late, never too crowded or saturated as well.
You still have a chance if you sell quality products, optimize your listing and properly use Etsy marketing tools
It can be considered one of the most misunderstood rumors about Etsy. Yes, Etsy is for unique and high-end products, but that does not mean the overhead cost is overwhelming. Etsy takes just 6.6% transaction fees, a $0.20 listing fee, and a 3% + $0.25 payment processing fee per item. Now if you start comparing these numbers with other e-commerce platforms, you will understand the reality.
With Etsy, you will get access to its targeted audience and impressive Global reach. The state-of-the-art marketing tools of Etsy and its reputation enhance your chance to connect with the audience you seek. Now you are getting all these features without spending any extra dime.
If you think mainstream products do not sell on Etsy then you need to visit the platform, Yes, Etsy is a haven for creative and artistic items. But regular items like home decor, clothing, gift items, and digital products sell like hotcakes in this marketplace. Do you know that in 2022, 22% of Etsy sales were home and living items? So if you think you want to sell aesthetic home decor on Etsy, then go ahead, the world is yours to conquer.
Unlike most of the global giants among the e-commerce platforms, Etsy can be considered one of the most supportive platforms. Etsy has all the necessary resources a seller might need. Starting from a supportive community to guides and handbooks, Etsy makes their sellers armed with all the needed weapons before they join the battleground. Sellers can access direct chat and email support as well if they need it.
In this digitally driven era, no matter how unique a product you sell, if your presence is not visible then nothing is going to work. It is like opening a high-end salon in the darkest alley with no one present. With Etsy, buyers can easily find your shop using its really sophisticated search options. Sellers can optimize the listing with the right titles, tags, and descriptions to make it appear on searches. Etsy has an integrated system that easily connects buyers with the right kind of sellers.
Do you know Etsy is present in more than 230 countries all over the world? Yes, it is popular in the US but it also has a notable global reach. More than 40% of Etsy sales are generated from outside the US. Etsy has integrated international shipping facilities and sellers from all over the land contribute to its unique pool of products.
If someone wants to make Etsy their business and take a strategic approach then no one is going to stop them. There are a lot of sellers who make their living and more from Etsy. The success of Etsy depends on the perspectives of the individual sellers. If you want it as a side hustle then you have that choice but that does not mean that it's for hobby purposes.
Etsy can be considered one of the most user-friendly marketplaces. Even if you do not have any kind of e-commerce experience you can easily start your own Etsy shop. The platforms’ guided ways of setting up shop are designed in a way that everybody can use. It is simple yet professional-looking platform with all the needed features
Etsy is not just any marketplace. It is more of a community that bridges the gap between buyers and sellers, creating a platform where you can feel assured about the authenticity of the products. Some of these misconceptions even kept you on the fence, and then it's high time to take the leap of faith.
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