How Etsy Became A $14 Billion Hand-Made Empire

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  • เผยแพร่เมื่อ 30 ต.ค. 2024

ความคิดเห็น • 145

  • @NeccoWecco
    @NeccoWecco 4 ปีที่แล้ว +109

    By taking 5% commission off the sale price, 5% off shipping, plus $0.20 per listing. Not the mention, the sellers also have to pay the 3% + $0.30 from PayPal sales. They have failed to protect their handmade sellers, so now the site is full of products from chinese manufacturers, print-on-demand websites, and resellers.

    • @ssa12654
      @ssa12654 4 ปีที่แล้ว +11

      Not to mention the fact that sellers are now forced into advertising which they can not opt out of. That's 12% plus vat in the UK, so after paying every other fee you have a forced advertising fee to pay if you're unfortunate enough to get one of those sales.

    • @nomnom112
      @nomnom112 3 ปีที่แล้ว +5

      Obviously Etsy has sold out. I believe there is an opportunity for a new Etsy that's caters exclusively to handmade.

    • @KayDejaVu
      @KayDejaVu 3 ปีที่แล้ว +2

      That is still pennies to have a page that can get you quickly indexed on Google, run promoted listings and keep more money that someone on Amazon. 20 cent listing fee is too much for you? smh

    • @kuroibuta
      @kuroibuta 3 ปีที่แล้ว +4

      @@ssa12654 actually, you can opt out of the advertising if you want. For me, selling digital products, it's free money.

    • @ssa12654
      @ssa12654 3 ปีที่แล้ว +3

      @@kuroibuta once you have gone over the 10k threshold you are automatically qualify for goggle advertising. You can not opt out of this.

  • @ssa12654
    @ssa12654 4 ปีที่แล้ว +179

    Etsy isn't just handmade products. There are plenty of mass produced Chinese products on there.

    • @luzareizaga2141
      @luzareizaga2141 4 ปีที่แล้ว +10

      It should not be 😕 it’s against Etsy policy

    • @ssa12654
      @ssa12654 4 ปีที่แล้ว +12

      @@luzareizaga2141 yes it shouldn't be, but unfortunate it does. A quick search will bring up plenty of cheap mass produced items that are being passed as handmade.

    • @revirdkcalb
      @revirdkcalb 4 ปีที่แล้ว +11

      @@luzareizaga2141 It's against their policy, until they found out that probably a significant part of their income is from these type of sellers. So, they look away.
      That might end up killing their company tho.

    • @billionairestatus539
      @billionairestatus539 3 ปีที่แล้ว +1

      EXACTLY in the beginning it wasn't like this...it wasn't about all the :aesthetics either it was pure and genuine

    • @bakerwannabe4435
      @bakerwannabe4435 3 ปีที่แล้ว +4

      Yes, it’s not supposed to be that way. Etsy is a great platform but sadly does not enforce the rules- well, the rules that matter to the authentic sellers.

  • @jasminehurtado7161
    @jasminehurtado7161 4 ปีที่แล้ว +29

    As a small business owner that sells hand made stuff, I have been constantly warned by other hand made shops to not sell on etsy due to the amount of fees they have. It wasnt always like that, but now it's hard to sell on there. Idk, as a seller it gives me bad vibes to sell. But it works for some.

    • @alezandradavila2581
      @alezandradavila2581 4 ปีที่แล้ว +1

      O dang that sucks

    • @ssa12654
      @ssa12654 3 ปีที่แล้ว +7

      The fees are expensive but no more then Ebay. Just incorporate the fees in to your price. If it sells great, if not at least you tried.

  • @evileyez504
    @evileyez504 4 ปีที่แล้ว +25

    How etsy build it’s empire on the backs of small artists and designers, only crush them in favor of Chinese resellers, manufacturers, shareholders to become their final form , an eBay amazon hybrid

  • @welsthe3rd
    @welsthe3rd 4 ปีที่แล้ว +40

    Handmade? There's SO much drop shipping on Etsy ☹️

  • @Slimm_Sheedah1
    @Slimm_Sheedah1 4 ปีที่แล้ว +48

    That’s bs 🙄there are Chinese companies selling stuff on Etsy that was made with machines. Definitely NOT handmade

    • @KayDejaVu
      @KayDejaVu 3 ปีที่แล้ว +1

      They allow that now. There is still room to sell your own thing, even if its not fully handmade.

    • @AhuruSME
      @AhuruSME 2 ปีที่แล้ว

      @@KayDejaVu At least, you are honest.

  • @olivepinecompany9116
    @olivepinecompany9116 4 ปีที่แล้ว +15

    They forgot to mention that Etsy will take away its phone number away and we sellers have no way to call them! They didn't even mention the flawed review system or the drop shippers, the forced add system and free shipping of $35 we all had to opt into...

    • @KayDejaVu
      @KayDejaVu 3 ปีที่แล้ว

      The review system is not flawed. So why would this newspiece mention it?

  • @valeriesuelove
    @valeriesuelove 3 ปีที่แล้ว +32

    Dear Etsy, please consider a “badge” for sellers based in the US for buyers who wish to support truly locally sourced products and goods.

    • @danielled108
      @danielled108 3 ปีที่แล้ว +1

      What if someone lives in Canada? Then it's not locally sourced is it?

    • @om-nj2hw
      @om-nj2hw 3 ปีที่แล้ว

      You can state wt country you want to buy from

    • @robertpalmer3166
      @robertpalmer3166 2 ปีที่แล้ว +1

      Newsflash: People from other countries can shop on Etsy.

  • @ALilCrazyy
    @ALilCrazyy 4 ปีที่แล้ว +37

    I've only learned about Etsy through this video and it got me really excited about it as I appreciate both handmade and vintage things. However, after browsing the website, I got disappointed because I found that it has a bunch of mass-produced Chinese products there which is really unfortunate because the only advantage that the website had is appealing to those of us who admire products made with care and have had enough of the low-quality, unoriginal PRC products which can be found literally anywhere.
    I guess it's hard to resist selling mass-produced products from China due to their profitability but Etsy is making a huge mistake here by losing focus.

    • @solegonz762
      @solegonz762 4 ปีที่แล้ว +2

      Yes, I still support Etsy. I have been a very satisfied customer for 3+ years. When the pandemic began, I quickly ordered good quality masks for family that's out of state. My fam, including lil nephews received their masks with 5 days. They sold affordable masks when our country needed them. Thankful for supporting real people with real small businesses. I would also say that at least 90% of those that I bought are women. I would highly encourage anyone to not shop Amazon next Christmas season & support Etsy instead. I also use the local option button, to try to support locals.

    • @asadb1990
      @asadb1990 4 ปีที่แล้ว +1

      well handmade stuff from north America is overpriced. china is providing similar product for much cheaper.

    • @bakerwannabe4435
      @bakerwannabe4435 3 ปีที่แล้ว +1

      @@asadb1990 It’s not the same. I
      Etsy is supposed to be a platform to sell handmade or vintage items. They now allow supplies to be sold as well. The problem is a lot of mass produced items cheap items from China are being wrongfully sold. There are lots of skilled artists and craft makers and beautiful vintage items available on Etsy but sadly, the shop owners are having to compete with lower priced but inferior products that, by Etsy’s rules, are not “allowed” to be sold. In the end, it lowers the quality and image of Etsy as a platform.

  • @TiaraTanka
    @TiaraTanka 4 ปีที่แล้ว +74

    83% female sellers!!! ❤️❤️❤️

    • @TiaraTanka
      @TiaraTanka 4 ปีที่แล้ว +1

      YESSS

    • @uvwxyzero
      @uvwxyzero 4 ปีที่แล้ว +15

      As a man I am deeply offend by this level of sexism.

    • @anoukc6928
      @anoukc6928 4 ปีที่แล้ว +13

      @@uvwxyzero Shut up. You definitely don't know what sexism is!

    • @TiaraTanka
      @TiaraTanka 4 ปีที่แล้ว +2

      Dope Music how is this sexism?

    • @coffeebreak100
      @coffeebreak100 4 ปีที่แล้ว +3

      Tiara Tanka I know right? 🤷🏻‍♀️ why would anyone be triggered by that comment?

  • @theHoax100
    @theHoax100 4 ปีที่แล้ว +14

    im obsessed with etsy!! but you do have to look out for sellers who just mass order items from aliexpress etc

  • @FinancialShinanigan
    @FinancialShinanigan 4 ปีที่แล้ว +28

    Etsy to go up now it's included in the S&P500

    • @techgod3670
      @techgod3670 4 ปีที่แล้ว +3

      @Que_Rico won't be surprised if Amazon acquires it

  • @SeaJay_Oceans
    @SeaJay_Oceans 2 ปีที่แล้ว +3

    How is this any different than eBay ? eBay really did a number on their sellers, making it more difficult to sell, problems with payments...
    Lots of people jumping from eBay to Etsy - looking to skip the hassles and just sell sell sell $$$

  • @bruhBruh-iz6xw
    @bruhBruh-iz6xw 4 ปีที่แล้ว +11

    Released right after a day they were included in the S&P500

  • @JcJc7200
    @JcJc7200 3 ปีที่แล้ว +5

    It's not anymore a handmade, unique product market. It's becoming more like Amazon and eBay. It's losing its core values and got polluted because it loosened up its seller policy. pretty much any Chinese or Indian factory product can be sold there. They even upsell the same product you can find on eBay. Trash quality products.

  • @anoukc6928
    @anoukc6928 4 ปีที่แล้ว +10

    I love buying from Etsy, but I always make sure to buy from a local seller.

    • @AhuruSME
      @AhuruSME 2 ปีที่แล้ว

      Weel done!

  • @Purodegeneracion
    @Purodegeneracion 4 ปีที่แล้ว +31

    Some people really don’t know how awesome Etsy is.

    • @solegonz762
      @solegonz762 4 ปีที่แล้ว

      Right!! 👏👏 I love supporting Etsy. Been a very satisfied customer for over 3 years

  • @gallaghergreen2053
    @gallaghergreen2053 ปีที่แล้ว +2

    I love that you have to opt out of their ads system. I once sold a $500 vintage sewing machine, just to have Etsy take nearly all my profit because I didn't know that there was this ads system. I wonder how many people lost their profits before they realized you have to go find this and opt out. It is a low trick to gain a buck by Etsy.
    Etsy isn't near as good to the sellers as it used to be. It's just another massive billion dollar company now that lies to draw buyers in.

  • @ninjanerdstudent6937
    @ninjanerdstudent6937 4 ปีที่แล้ว +12

    I have never used this before. I hope they crush Amazon.

  • @AllegedlyStephanie
    @AllegedlyStephanie 4 ปีที่แล้ว +16

    Etsy is a prime example that companies can both do the right thing by being inclusive and also be a monetary success.

    • @uvwxyzero
      @uvwxyzero 4 ปีที่แล้ว +3

      They didn't disclose their profit margins. You know revenue does not mean you're making money right?

    • @Mingota100
      @Mingota100 4 ปีที่แล้ว +2

      Dope Music yes I was wondering if they’re profitable. Just like Airbnb, Uber and Lyft aren’t.

    • @nomnom112
      @nomnom112 3 ปีที่แล้ว

      They sold out a long time ago.

    • @AhuruSME
      @AhuruSME 2 ปีที่แล้ว

      @@uvwxyzero So true...

  • @crafael.
    @crafael. 4 ปีที่แล้ว +6

    So much fees, fake review and reliability issue on Amazon and Etsy. Both will be bankrupt if Shopee enter USA. Shopee only charges 2.5% on seller from the total payment. No transaction fee, no annual fees sort of. Have Free Shipping and Cashback program also. That why Shopee can grow so fast in Southeast Asia..

    • @DALLEY_SANI
      @DALLEY_SANI 4 ปีที่แล้ว

      Yes shopee is run by a singaporean billionaire and it’s gaining popularity...)

    • @s5abaib130
      @s5abaib130 4 ปีที่แล้ว

      Shoppee is very much bleeding year after year.
      Well, investor dont care. Growth is more important they say.

    • @muhammadhaikalpermanaatmaj73
      @muhammadhaikalpermanaatmaj73 4 ปีที่แล้ว +1

      LMAO shopee might be able to compete with Amazon in few years until it become forgotten when they try to get a profit from it. Take a note shopee isn't profitable yet and they're burning money like crazy

    • @geobioexploringadventures
      @geobioexploringadventures 3 ปีที่แล้ว +1

      Do you think Shopee is a charity or philanthropy organization or what? This kind of growth at any cost and race to zero profit margin business model cannot go on for long.

  • @moderateswag69
    @moderateswag69 4 ปีที่แล้ว +10

    I love the extra cash i make from etsy

  • @thirteenwolfies
    @thirteenwolfies 4 ปีที่แล้ว +6

    I frikking love Etsy

  • @1.5Koreans0.5American
    @1.5Koreans0.5American 4 ปีที่แล้ว +4

    Loved this content! Super satisfying to watch it. 👍

  • @_rhude_
    @_rhude_ 4 ปีที่แล้ว +3

    I SEEN ETSY BOOMING IN THE STOCK MARKET. I NEVER KNEW THERE MAIN BUISNESS WAS SELLING HAND MADE ITEMS

  • @MahmoodBerberh-nf8tn
    @MahmoodBerberh-nf8tn 9 หลายเดือนก่อน +1

    Good story contain a lots of good things

  • @nevm7469
    @nevm7469 2 ปีที่แล้ว +1

    I don’t believe in being able to force founders out, its their idea and their company that THEY started and investors made the choice to gamble that they could succeed when they invested in them. So, whatever the founder decides to do with their company, and however they decide to behave, is a part of that gamble that the investor made and has to live with. If they get forced out they should have the right to take their IP with them.

  • @bismillahmashallah
    @bismillahmashallah 4 ปีที่แล้ว +5

    Sounds exactly like ebay lol.. hey maybe because the Ceo is from there. Just one question what difference will this company make compared to the other selling platforms?

  • @chimkasii
    @chimkasii 4 ปีที่แล้ว +11

    and I actually thought no one used Etsy 😂 🤦🏾‍♀️

    • @Mingota100
      @Mingota100 4 ปีที่แล้ว

      Sameee I have never bought there

    • @chimkasii
      @chimkasii 4 ปีที่แล้ว +1

      @@Mingota100 me too! meanwhile they're pulling in billions of dollars 😂

  • @MahmoodBerberh-nf8tn
    @MahmoodBerberh-nf8tn 9 หลายเดือนก่อน

    Very interested story📖

  • @kimberleywatson7330
    @kimberleywatson7330 3 ปีที่แล้ว +1

    I love etsy they have the best lotions,hair products and homeopathic medicines without all the chemicals of mainstream

  • @HYPEREX
    @HYPEREX 3 ปีที่แล้ว

    This is actually really cool

  • @mikeruchington4882
    @mikeruchington4882 4 ปีที่แล้ว +6

    So at its core it’s eBay 2.0?

    • @solegonz762
      @solegonz762 4 ปีที่แล้ว +1

      Yes, with a hipster feminine spin. I love Esty!

  • @Dschungelbuch100
    @Dschungelbuch100 4 ปีที่แล้ว +2

    CNBC Make It, please make a video about how hellofresh became a $... empire, thanks very much!

  • @Panos__P
    @Panos__P 4 ปีที่แล้ว +2

    Cool analysis , thank you for your efforts ! 😀✌

  • @estebanazcarragasada9386
    @estebanazcarragasada9386 4 ปีที่แล้ว

    Magnificent!

  • @quanyguns
    @quanyguns 4 ปีที่แล้ว +5

    Why is everything more expensive on Etsy.. and the fees, why are there so many.

    • @jermainec2462
      @jermainec2462 4 ปีที่แล้ว +5

      They just told you its hand made lol

    • @ssa12654
      @ssa12654 4 ปีที่แล้ว +7

      Etsy is a great platform but the fees are ridiculous. Etsy practically forced its sellers to offer US customers free shipping, but sellers were told to incorporate the postage into the product price. The latest update is that sellers are now forced into advertising if they make over $10,000 annually. The fees for advertising makes it almost pointless to sell the product.

  • @muhlaynee
    @muhlaynee 4 ปีที่แล้ว +15

    Does anyone know how many paid board members are BIPOC and/or women ?

    • @michaelvan6675
      @michaelvan6675 4 ปีที่แล้ว +11

      Who cares

    • @uvwxyzero
      @uvwxyzero 4 ปีที่แล้ว +4

      Lord have mercy you sound fun. Smh

    • @anoukc6928
      @anoukc6928 4 ปีที่แล้ว +3

      Good question

    • @alezandradavila2581
      @alezandradavila2581 4 ปีที่แล้ว

      No but I’m sure u can def contact them

  • @ACCollection
    @ACCollection 4 ปีที่แล้ว +1

    *This is just amazing! Cool video!*
    #AcCollection

  • @jsm9096
    @jsm9096 3 ปีที่แล้ว +1

    Etsy is run by scammers for scammers. First-hand experience right here.

    • @robertpalmer3166
      @robertpalmer3166 2 ปีที่แล้ว +1

      I have an Etsy store. I am not a scammer, nor have I been scammed.

  • @iamjuniorwizkid
    @iamjuniorwizkid 4 ปีที่แล้ว +19

    This is wear I bought my face mask.

  • @DevsLikeUs
    @DevsLikeUs 4 ปีที่แล้ว

    Great story

  • @davidaseweje
    @davidaseweje 3 ปีที่แล้ว +1

    This guy can't stop smiling. Man's out there like 😬

  • @carlajordon4540
    @carlajordon4540 4 ปีที่แล้ว +2

    USE TO BE HAND MADE EVERYTHING,, BUT NOW U GUYS TAKE ANY THING

  • @Bellz89
    @Bellz89 4 ปีที่แล้ว

    Really informative !

  • @MoMo-00
    @MoMo-00 2 ปีที่แล้ว +1

    Love the company, but apparently too progressive. Unisex bathrooms?! C'mon man!

  • @psp785
    @psp785 4 ปีที่แล้ว +2

    Overvalued

  • @lighttheoryllc4337
    @lighttheoryllc4337 3 ปีที่แล้ว

    Salam, Sounds like selling on Etsy and advertising on Tiktok is the way to go for creative minds.

  • @Ahmed-938
    @Ahmed-938 2 ปีที่แล้ว

    What will help me to earn money

  • @TomikaKelly
    @TomikaKelly 4 ปีที่แล้ว

    Does anyone know which seller makes the mask at timestamp 10:50 ?

  • @alezandradavila2581
    @alezandradavila2581 4 ปีที่แล้ว

    Ppl also make new stuff too not all old stuff

  • @MM-Iconoclast
    @MM-Iconoclast 3 ปีที่แล้ว

    Sorry to complain, but this video is too speeded-up and the music is super-distracting. It's annoying.

  • @frenchlearner19
    @frenchlearner19 3 ปีที่แล้ว

    Etsy is garbage now - they treat their sellers like dirt. I would never buy on there again.

  • @vuonghoang6307
    @vuonghoang6307 3 ปีที่แล้ว

    I want to buy some Etsy stock

  • @Naisy77
    @Naisy77 4 ปีที่แล้ว

    Etsy is a virgo star seeds dream favorite bussiness

  • @braidsgift3322
    @braidsgift3322 4 ปีที่แล้ว

    I ordered some things from there I didn’t receive it kmt

  • @billionairestatus539
    @billionairestatus539 3 ปีที่แล้ว +1

    Why do you have a black woman as a thumbnail> OH I know because everyone is profiting off of us in 2021. Etsy never showcased black businesses b4 the Black Lives Matter Movement.

    • @saranwright7113
      @saranwright7113 2 ปีที่แล้ว +1

      Dude stop complaining

    • @pat4005
      @pat4005 2 ปีที่แล้ว

      You mean pandering to, not profiting off of.

  • @glipk
    @glipk 4 ปีที่แล้ว

    Etsy is garbage

  • @flyingkitty190
    @flyingkitty190 3 ปีที่แล้ว

    The average command parenthetically list because message worryingly smoke failing a public teacher. wicked, needy lung

  • @thefreshestprince89
    @thefreshestprince89 4 ปีที่แล้ว +3

    Wouldn't have guessed Etsy was started by a white guy.

  • @shivenpatel4039
    @shivenpatel4039 4 ปีที่แล้ว

    4th

    • @majoroldladyakamom6948
      @majoroldladyakamom6948 4 ปีที่แล้ว +2

      No one cares who is first or first 10 Billionth watch.
      Really? Yup!

  • @leleloshorts1461
    @leleloshorts1461 4 ปีที่แล้ว

    First

    • @majoroldladyakamom6948
      @majoroldladyakamom6948 4 ปีที่แล้ว +2

      No one cares who is first or first 10 Billionth watch.
      Really? Yup!