Recently, I had the privilege of joining the Firing the Man podcast to discuss my journey as a top Etsy seller and share strategies for success on the platform.
Below, I’ve summarized some of the most valuable takeaways from our conversation to help you build a thriving Etsy shop.
Prefer to listen instead of read? Listen to the full episode here.
My Journey to the Top 0.1% of Etsy Sellers
I started my career in corporate e-commerce with companies like Zappos and Zulily, but as a military spouse constantly relocating, climbing the corporate ladder became challenging. A simple wedding-inspired Etsy listing unexpectedly turned into a thriving business, surpassing $10,000 in monthly sales by the fourth month. By applying corporate e-commerce principles to Etsy, I created a sustainable and scalable business model.
Why Etsy?
Etsy stands apart from platforms like Amazon because it offers sellers more control over their branding and policies, such as allowing no returns if desired. Shoppers on Etsy often seek personalized, customizable items and are willing to pay more for a unique experience and excellent customer service.
Steps to Start Selling on Etsy
- Understand Your Customer: Begin by identifying your target audience and tailoring your product offerings to their needs.
- Master SEO: Etsy’s SEO differs from other platforms. Leverage long-tail keywords and create multiple listings to target different search terms.
- Focus on Presentation: Your listings should serve as a seamless sales page, complete with compelling photos, concise descriptions, and user-friendly options.
Avoid Common Pitfalls
Many beginners make the mistake of copying popular listings without offering unique value. Instead, focus on bringing new trends or concepts to the platform. Explore markets, Pinterest, TikTok, and premium brands to identify untapped opportunities.
Scaling Your Etsy Shop
Growth often involves overcoming constraints, whether it’s bandwidth, supply chain limitations, or outdated traffic sources. Always strive for the more, better, new principle:
- More of what’s working.
- Better efficiency or quality.
- New product innovations to expand your offerings.
Profit Margins and Fees
Etsy’s fees can vary depending on factors like offsite ads, which are mandatory for sellers earning over $10,000 annually. For a typical $100 sale, fees can range from 9.9% to 27%. To ensure profitability, use tools like our Profit Calculator, which accounts for costs, fees, and labor to give you a clear picture of your earnings.
My Ultimate Etsy Course
My journey inspired me to help others succeed on Etsy. The Ultimate Etsy Course offers personalized coaching, step-by-step guidance, and actionable strategies for building a sustainable business. Our goal is to help sellers achieve $5,000-$10,000+ in monthly revenue.
Final Thoughts
Success on Etsy requires resilience, endurance, and a willingness to innovate. By focusing on your customers, optimizing your listings, and embracing new opportunities, you can create a thriving business on the platform.
For more tips, check out my YouTube channel and podcast, where I share free tutorials and actionable advice for Etsy sellers.
Book a Call
Schedule a FREE call to learn more about how we can help you 1:1 in your Etsy shop!