Etsy
Etsy
Etsy is characterized by the purchase and sale of handicrafts. It was used by the New York Times to compare with eBay and Amazon, and is known as "Grandma's basement collection".
Basic information Platform Introduction Platform advantages Opening process Main users Prohibited products Shop opening tutorial Recommended services
Basic information
Platform name:
Etsy
Description:
Etsy is an e-commerce platform characterized by the purchase and sale of handicrafts. It was used by the New York Times to compare with eBay and Amazon, and is known as "Grandma's basement collection".
Customer portrait:
About half of the website traffic comes from the United States, of which 97% are women
Platform Introduction

Etsy, A large e-commerce platform that accepts sellers. It mainly builds bridges for customers and designers, handicraft craftsmen and antique collectors. The products Etsy sells include artworks, clothing, jewelry and other decorative items as well as handicrafts.

50 million registered users

17 million active buyers

Mobile terminal sales account for about 50% of the total sales

Annual sales in 2018: US $540 million

It can be seen that the website traffic and customer groups of etsy are still very objective for sellers.

Platform advantages
1. Featuring hand-made products, it is also a gathering place for retro and original products. The platform has clear requirements for product features, and basically "new and strange" products are OK;
2. Fees:
There is no need for deposit, the platform commission and product publishing fee are clearly identified, and no other service fees are generated. In addition, the algorithm of Etsy platform is not simply implemented through AD, and the product platform that is more consistent with the characteristics of the platform will give sufficient exposure and push;
3. Logistics:
Digital products do not need logistics. UPS has a discount for delivery. You can directly print the express bill and calculate the express fee in the background. The postage bill can be exported in the background, which is conducive to the cost control of the store;
4. Profit:
It can be said that, compared with mainstream e-commerce platforms, Etsy platform has the largest profit space. According to the requirements of the platform for products, the net profit space can be reasonably set according to its own situation (the product is unique, so the price is also incomparable). The platform focuses on handmade and original design products, and the price of the products is very high. What is the specific reason? When it comes to original manual design, foreign friends respect intellectual property very much and labor force is not sufficient, so the price of products related to original manual design is quite understandable.
5. Background function:
The background function panel is clear and simple, easy to operate, the data dashboard is clear and clear, and all aspects of the transaction are very smooth;
6. High quality buyers:
The platform has made great efforts to maintain the buyer's shopping experience and cultivate the user's good habits, which has also reduced many marginal costs for our seller's operation. We can roughly understand from the above that Etsy is actually an interactive e-commerce platform. At the beginning, it was a gathering place for global handicraft lovers to exchange, share inspiration and trade in the form of community. Sellers can also join the community, share content outside of the trade, and exchange and interaction with specific groups of people;
7. Seamless connection of several social media:
Facebook, Twitter, Pinterest and other social media are connected by one button, which is convenient for both paid promotion and we media;
Opening process

1. First, the seller needs to register and click "Register" in the upper right corner of Etsy homepage. Enter your name, email and required password and click Register.

2. Click "sell on Etsy" in the upper left corner of the screen to create a store. After completing this operation, click "Open your Etsy shop".

3. Now to set your preferences, you need to select:

·Store language

·Country of store

·Store currency

·Interest in becoming an Etsy seller

These contents are very important so that Etsy can place the store in the correct target market. For example, Etsy's algorithm may give priority to displaying its search results to consumers in the country where the seller is located.

4. The seller needs to name the store, and the store name is often a part of the brand, which will affect the brand narrative and marketing efficiency of the seller in the future. Once the seller has selected a name, click "check availability".

5. Secondly, sellers need to add "inventory". The Etsy platform recommends that sellers add at least 10 items at the beginning, so that they can be more easily found by potential customers.

Then add photos.

6. Scroll down on the same page to fill in inventory and price:

·Price - By considering all costs, freight and competitor prices, the seller needs to make a reasonable price for the product.

·Quantity - It may be an orphan or some replica. Fill in this content so that Etsy can automatically update the listing until the product is completely sold out.

·SKU - only for internal use and tracking of the seller, not displayed on the buyer side.

·Variants - If the product has multiple colors, buyers can choose the version they want during the checkout process.

·Personalization - If the seller provides personalized products, such as engraving on the products, it needs to check this box.

7. Continue to scroll down to the transportation section

It is recommended to use this section to help the seller determine the transportation cost, incorporate these factors into the price, and then check the free transportation box. Consumers prefer to buy goods from sellers who provide free delivery.

Then click "Save and Continue".

The seller will go to the "how you'll get paid" and "set up billing" sections.

You need to provide Etsy with the following information:

·Bank location

·Location of funds

·Date of birth

·The last four digits of the social security number

·Home address

·Phone number

After executing the above steps, your Etsy account, store and first listing will be established.

Main users

Etsy data survey shows that about half of the website traffic comes from outside the United States, mainly from Britain, Europe, Canada, Australia and other places. The survey sample covers 67 countries, and 97% of the respondents are women.

English is the most popular language, followed by French, German and Spanish. Almost everyone chooses to trade through Paypal.

Prohibited products

1. Alcohol, tobacco, drugs, drug paraphernalia and medical drugs;

2. Animal products and human remains;

3. Dangerous goods: dangerous goods, recalled goods and weapons;

4. Hate projects: projects that promote, support or promote hatred;

5. Illegal goods: goods used for illegal activities and highly controlled goods;

6. Internationally controlled goods;

7. Pornographic and adult content;

8. Violent articles: articles that promote, support or promote violence.

Recommended services
Wal Mart's official channel for global e-commerce
Wal Mart's global e-commerce helps you start a cross-border e-commerce journey
Wal Mart's official channel for global e-commerce
Free consultation
self-support Etsy opened a store
Etsy is characterized by the purchase and sale of handicrafts. It was used by the New York Times to compare with eBay and Amazon, and is known as "Grandma's basement collection"
Exclusive store opening service of Hugo
Free consultation
self-support Amazon stores
The official acceleration channel will leave the store as soon as one week, connect with Amazon's official investment manager, exclusive consultants to guide/review qualification materials, assist in solving registration problems throughout the process until leaving the store, and assist in docking and guiding KYC, second instance
Exclusive store opening service of Hugo
Free consultation
Hugo Consultant
Online contact