Etsy in a Nutshell & Trustworthiness
+ an American e-commerce website
+ Focused on handmade, craft supplies or vintage items
+ Including jewelry, bags, clothing, home décor, furniture, toys, art, as well as craft supplies and tools.
+ vintage items means at least 20 years old
+ Personal storefronts list their goods for a fee of US$0.20 per item
How it works?
+ Sign-up and start selling which is simple, transparent and secure
+ No additional monthly fees
+ Automatic deposits for your successful sales
+ $0.20 Listing fee
+ Listings will be active for four months or until your item sell
+ Only 15% Offsite Ads Fee
+ Etsy pays to advertise your items across web through Offsite Ads
+ You only pay a fee if you make a sale from one of those Offsite Ads
How much can you earn at Etsy?
+ The platform has 1.7 million active sellers
+ 28.6 million active buyers
+ There is definitely an audience out there
+ You can make something if you research on what people want
+ If you sell a product priced at $25 you probably earn around $16 after deduction
+ Etsy charges $0.20 for listing fee
+ 5% transaction fee
+ 3 % + $0.25 payment processing fee
+ COGS / Cost of Good Sold calculated at average of $6 per item made
When do you get paid from Etsy?
+ Payment is not really instant although you can withdraw daily
+ Payout can be made on monthly, weekly or daily basis
+ Once paid, it takes about three days for the money to get to your bank
Where do you register to sell your crafts ideas at Etsy?
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