About Etsy Shops
Etsy is one of the largest companies in the entire sharing economy. The company has yearly revenues of over $100 million. Etsy was launched in 2005 and lists over 20 million items on its website. Their items cover an enormous range including art, clothing, jewelry, food and toys. The marketplace is full of handmade goods and you have the ability to shop by category or explore your favorite subject.
Selling on Etsy
Creating your shop on Etsy is free, but there is a small fee for each item that you list. Additionally, the website charges a small fee for successful transactions. There are currently over 1 million registered sellers on Etsy. There is a dedicated support and education section that are there to assist you in building and growing your Etsy shop.
Buying on Etsy
Purchasing items on Etsy is a very simple process and can be accomplished using the search feature. Buyers can view a rating system to determine the quality of the seller. There are numerous categories of products that buyers can search if they choose not to use the search feature. There are currently over 15 million registered buyers on the website. Transactions are secure and afford both the buyer and seller the highest confidence possible.
Logging into Etsy is very simple and can be done using Facebook, Google or an email address. The same goes for registering an account, and upon registering you will be asked to create a password. Once logged in, you can start the process of searching for items as a buyer or setting up your Etsy shop.
Etsy Shop - Setup Yours Today!
There is an entire section on the website dedicated to setting up your Etsy shop. You will be asked to setup the shop language, country and currency. You will need to create an Etsy shop name and then list the items you are hoping to sell. The process is very simple and outlined well on the website. Powerful analytics will guide you in optimizing your shop for the highest traffic and conversion rates.
Etsy's main competitors are well-known industry giants Ebay, Amazon and Craigslist. Etsy is doing extremely well in the competitive space with over 5 million internet queries per month for their website. All of the companies are a large part of the sharing economy and likely will be going forward.