5 Tips For Making Money With Etsy
In today’s article I’m going to share with you 5 tips for making money with Etsy. I have had a lot of requests for this lately so I wanted to get this out there for you.
There’s good money to be made with Etsy but there’s a few things you must know before you start that will set you up for success. Let’s dive right in!
Tip 1: What are you selling
The first thing that you want to do when you start an Etsy shop is to figure out what you’re going to be selling. This can be DIY’s, shirts, jewelry, you’re only limited by your imagination.
Whatever it is, you need to figure out what exactly you’re good at and what you love doing if you’re serious about Etsy as a long term business.
Whatever you’re going to be selling you need to make sure that you have enough time to devote to make the products and keep up with orders. For an example, if it’s custom jewelry you may want to give yourself one to two weeks for all orders.
If that’s the case make sure to set all of your preferences so any of your customers can see that it takes one to two weeks for you to produce the item and then ship it out.
You need to consider if you’re working a full time job will you have enough time to do custom jewelry or should you sell something that is going to take you a lot less time and you’re gonna be able to get a lot more out if it.
Tip 2: What will you need
You need to know what materials you’re gonna need and where you’re gonna store them. If you are making PDFs and it’s a downloadable product then obviously you don’t have to store anything and that’s awesome because you just need your computer.
But if you’re doing wood signs or shirts or anything else that requires you to hold products then you need to make sure that you have somewhere to store them and you have the money to actually purchase the materials needed.
Tip 3: What will be your shop name
So you’ve figured out what you’re going to be selling now you need to come up with a shop name. You may start out thinking you’re strictly going to be dealing with t-shirts but down the road you may want to add a little bit more into your shop other than just t-shirts.
Think about that when you get started, you might want to keep it a little bit more broad in case you decide later to add more into your shop.
Another thing to consider when you think about your name is you want it to be short simple and easy to remember. That way if someone is going to tell their friend about your shop it’s easy to remember and they’re not having to think of what your shop name was.
Tip 4: Setting up your listings
I would suggest when starting your shop that you come up with a bunch of listings before you actually open your shop. Start with 10 listings and make sure they’re edited and ready to go with pictures, descriptions and all that stuff.
Now you will want to publish all of those at the same time because Etsy likes to see listings and the more listings you start out with the more that your items are going to show up when people are searching for that type of item.
If you can have more than 10 listings then that’s even better. One of my clients did about 10 listings starting out and it was okay. It kind of slowly started but once she started adding more and more listings she started getting sales a lot quicker.
In her case and her niche, once she reached 100 listings she was able to do Etsy on a full time basis which in turn gave her even more time to grow her business even more.
Also when you’re creating those listings you want to make sure that you are using keywords in your titles, tags and description for those items. You need to be thinking of what you would search for if you were looking for that item.
For example, if I was looking for a fall t-shirt then I might title my listing as fall graphic shirt for women. Then in the description box I would add a description using those keywords as well as the tags.
I could say if you want to find the perfect fall shirt for women look no further, this tee is so soft and perfect for every woman. Or something to that effect. Just make sure to add those keywords to help people find your items when they’re typing in Etsy.
Tip 5: Sales results
The next thing that you want to do to make your shop successful is get those first few sales as fast as possible because Etsy loves to see things moving out of your shop. It also helps as Etsy will give your items a higher ranking quicker as they see sales results.
What you can do to jumpstart your Etsy business is to ask some of your friends if they would be willing to purchase your item at wholesale. Just charge them exactly what it cost you to make the items just so you can have some sales through your Etsy shop.
The wholesale price is all they ended up paying but it looked like you were getting sales really quick right after opening your shop. Etsy loves that so they’re gonna push out your orders.
The more orders you have the more your items are going to come up in a search! Etsy loves anything that has to do with your shop showing growth or showing that you are adding and constantly developing in your shop.
Bonus Tip: Advertise
A great way to grow your Etsy business even faster business is to advertise. You don’t always have to pay for sponsored ads on Facebook or Instagram.
In fact my client never did it with her Etsy shop but I did tell her she should reach out to influencers and offer them a free item if they share it on their social media platforms.
That gets other people following your social media accounts and also following your shop. When people are engaging with you on social media they get kind of an overview of what you’re doing and it reaches a whole lot more people then you would have been able to at first.
Also don’t forget to share it with all of your family and friends. Ask everybody to favorite your shop because Etsy loves it when people are favoriting your shop or favoriting your listings in your shop.
Here’s a few examples for finding influencers.
So if I wanted someone to wear a mom life t-shirt I might reach out to an influencer on Instagram or on YouTube and ask them if they would be willing to take my shirt and show themselves in a picture on their Instagram account.
If I was making farmhouse signs I’d probably reach out to someone who had a huge following on Instagram that shows a lot of home decor or that type of style and they could post about it on their Instagram.
So definitely reach out to people that are in your niche, don’t just reach out to some random influencer that has nothing in common with your items.
Learn more about: How to Start Monetizing Your Site
5 Tips For Making Money With Etsy – Conclusion
Etsy can be a great way to not only earn some extra cash but to turn it into a full time income. If you treat it like a business, give valuable customer service and stay consistent you will continue to grow and make money with Etsy.
Alright guys and gals, those are some of my tips for how to start making money with Etsy from the get-go. I hope that this article was helpful and if you have any questions just leave a comment down below and and don’t forget to share this with your friends.