So.. Imma Etsy noob, that’s for sure.. Not knowing that there where options to close your shop if you didn’t had items listed, I have had an empty shop for almost 2 years. Not so good for your shop statistics *oopsie, my bad..
Etsy is a marketplace for handmade items. If you’d like to sell items from another category then Etsy is definitely not for you.
Let’s make an overview of the things you should know before opening an Etsy shop.
There are different types of fees:
– Listing Fees; You will be charged a listing fee of $0.20 USD for each item that you list for sale on Etsy’s website or mobile apps
– Transaction Fees; When you make a sale through Etsy, you will be charged a transaction fee of 3.5% of the item price
– Payment Processing Fees; Digital VAT (Value-Added Tax) Fees
– Currency Conversion Fees.
All in all, Etsy takes about 15% of total sales revenue and PayPal 10% of every payment.
The plus side of this if you don’t have to own a website, know anything about secure payment options and Etsy has a buyer+seller protection. It’s a good starting point and a great place to build up your customer base since you’ll probably will get exposure just by listing on Etsy and using their market place.
But(!) Giving up 25% of each item is a lot. Will it weigh up to the cost of having your own website with the cost of your hosting provider, secure payment options and you putting in the time to make layouts, pages, do maintenance, etc.?
Maybe. If you can remember something of your HTML and SQL lessons in school or are a natural star in code then Etsy is not the way to go. The 25% you “save” can be used for other purposes as mentioned above or even to save up for a little marketing.
This is not a post concluding to chose one or the other. If you want to increase your monetization and be more in control of the overall look and feel then build your own shop. Of course.. there’s also the option to do both. I wish I knew the total of the fees before I started Etsy way-back-when.
I hope this was a bit helpful if you are thinking of opening an Etsy shop. Thank you for stopping by and hope to see you next time! Don’t forget to share a smile:)