Hello Vincent, I am also decently new to etsy, if you want I can try to help you out a little, maybe even establish something together and make profit together
I think there are other costs for selling on etsy or on any other online platform which you have not included in these calculations. - listing fees - transaction fees - regulatory fees - payment processing fee - packaging cost. Any other if I missed any.
For the first shop we included all of the transaction fees, listings fees, etc., and also included a rough cost of the packaging and shipping to create a card as well. (3:34 timestamp)
@@HustleNinjas i got it, thank you for explanations, lol but I feel 100% margins are too good to be true, with that much sales. Though this was really, an informative and detailed video and i adore your work and your TH-cam channel, keep up with this great work. Thank you.
After watching the truly inspiring videos listed in the description my question is, how can one succeed on Esty without the finances to do print on demand ( like Shopify)? Alao as a beginer without a physical product to display on the Etsy shop, how can a person make sales, when all they have are digital images to upload?
@@nativeblack5251 inspiration is totally okay. But when you go into someone's stats, search terms, sales, and tags you have gone too far. Etsy has done all this sharing to make more money. Not to help sellers.
@@rachaelt3294 Following the path or methods of another person's success is what people have written books about and what they charge services for, every industry has an ad for this exact theme. While the opinion may be that it's gone too far, as you stated, the truth is that unless you're running your own shop entirely, that includes the software to track your own analytics, shops like Etsy that we agree to participate in state the issue of this topic in their terms of service. Your progress is not a trade secret, and so I agree it sucks to put the hard work in just to have someone else take from your plate, in a sense. But it's also what we opt into when we agree to use "their" services.
I hate to be that person but I feel like all these tools that look at other people's shops and look at their information should be banned. It's wrong. That is how copy cats are created. I've dealt with it myself and when I see traffic from these sources it make me feel physically ill. The only people making money are those charging for the cheater tool. Then the creators of unique designs get ripped off after enough people look at their shop and copy. Sad really.
I agree with this perspective especially when there isn't any care taken to conceal the blatant "copy paste". I know, putting laws established to mitigate certain aspects of this topic aside, there's nothing wrong with using someone else's glory to gain inspiration. At the root we are all human however, it's the uniqueness of individuality that gives birth to the multitudes of unique products. In many ways it's the slim difference between the attempts to do it better without giving the credit due ( which is most often for profit) and attempts to put a unique twist on something that only you can because of the contrast in your life experiences (which these people more often give credit).
I understand the copy cat aspect, but that could happen just as easily without someone using these tools. Market research/analytics is an integral part of running a successful business and methods similar to these have been used for a long time-these tools just create a more simplified process for business owners. Companies big and small are constantly checking each others sales numbers, profit/revenue and products. It’s not just on Etsy.
@ashlostbones I'm well aware. I just think it's wrong. Nothing will change. It's all about who can buy the better resources and get the inside scoop. I just hope to one day have continued sales when expected and not worry about what others are doing with my listings. I'm thinking of moving off etsy to keep my listing info secure. I just need to build an email list first. I just can't get traction enough to start and act on it.
EverBee Etsy Product Research Tool: bit.ly/everbee
Let's chat about your Etsy Shop and how my program can help. Book a call with me: bit.ly/MM-apply
Amazing video as always Rich!!!! very informative and interesting!!
Well done on your amazing performance, you are the best, thank you
Mar is time to plant the seeds. So Feb is time to order them. :) "April showers bring May flowers."
I wish I could learn this. I’m a graphic artist and I’ve designed greeting cards before. HOW do I get started???
Hello Vincent, I am also decently new to etsy, if you want I can try to help you out a little, maybe even establish something together and make profit together
I think there are other costs for selling on etsy or on any other online platform which you have not included in these calculations.
- listing fees
- transaction fees
- regulatory fees
- payment processing fee
- packaging cost.
Any other if I missed any.
For the first shop we included all of the transaction fees, listings fees, etc., and also included a rough cost of the packaging and shipping to create a card as well. (3:34 timestamp)
@@HustleNinjas i got it, thank you for explanations, lol but I feel 100% margins are too good to be true, with that much sales. Though this was really, an informative and detailed video and i adore your work and your TH-cam channel, keep up with this great work. Thank you.
After watching the truly inspiring videos listed in the description my question is, how can one succeed on Esty without the finances to do print on demand ( like Shopify)?
Alao as a beginer without a physical product to display on the Etsy shop, how can a person make sales, when all they have are digital images to upload?
@@nativeblack5251 inspiration is totally okay. But when you go into someone's stats, search terms, sales, and tags you have gone too far. Etsy has done all this sharing to make more money. Not to help sellers.
@@rachaelt3294 Following the path or methods of another person's success is what people have written books about and what they charge services for, every industry has an ad for this exact theme. While the opinion may be that it's gone too far, as you stated, the truth is that unless you're running your own shop entirely, that includes the software to track your own analytics, shops like Etsy that we agree to participate in state the issue of this topic in their terms of service. Your progress is not a trade secret, and so I agree it sucks to put the hard work in just to have someone else take from your plate, in a sense. But it's also what we opt into when we agree to use "their" services.
hi there mate, i would like to know whats the name of your store?
🙏
I hate to be that person but I feel like all these tools that look at other people's shops and look at their information should be banned. It's wrong. That is how copy cats are created. I've dealt with it myself and when I see traffic from these sources it make me feel physically ill. The only people making money are those charging for the cheater tool. Then the creators of unique designs get ripped off after enough people look at their shop and copy. Sad really.
I agree with this perspective especially when there isn't any care taken to conceal the blatant "copy paste". I know, putting laws established to mitigate certain aspects of this topic aside, there's nothing wrong with using someone else's glory to gain inspiration. At the root we are all human however, it's the uniqueness of individuality that gives birth to the multitudes of unique products. In many ways it's the slim difference between the attempts to do it better without giving the credit due ( which is most often for profit) and attempts to put a unique twist on something that only you can because of the contrast in your life experiences (which these people more often give credit).
I understand the copy cat aspect, but that could happen just as easily without someone using these tools. Market research/analytics is an integral part of running a successful business and methods similar to these have been used for a long time-these tools just create a more simplified process for business owners. Companies big and small are constantly checking each others sales numbers, profit/revenue and products. It’s not just on Etsy.
@ashlostbones I'm well aware. I just think it's wrong. Nothing will change. It's all about who can buy the better resources and get the inside scoop. I just hope to one day have continued sales when expected and not worry about what others are doing with my listings. I'm thinking of moving off etsy to keep my listing info secure. I just need to build an email list first. I just can't get traction enough to start and act on it.