Ask me Anything About making money on Etsy (Etsy AMA)

Discussion in 'Making Money' started by William702, Aug 14, 2017.

  1. SellOnlineee

    SellOnlineee Regular Member

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    HI William. In one of your earliest replies you have stated this
    1."dont price yourself out of the market" - If all my competitors are selling for $28 - $40, then what might be the repurcussion if my selling price is $8-9.
    2." if your selling products you make personally make sure you have some sort of inventory so that you can ship out an order fast " -- I am not based in USA and assuming major buyers are from there. Shipping time of 8 - 10 days sounds okay?
    3. If I use a transparent pricing like list the material cost, labor cost and factor our profits for every product..How will the etsy audience react on this ?

    Your thoughts please. Thanks for doing this AMA
     
  2. William702

    William702 Jr. VIP Jr. VIP

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    1) You will crash the market or people will assume your products are inferior.
    2) Any extended amount of time is not OK, a lot of people in the US wont and dont buy from people outside of the US, especially on Etsy due to the whole hand made in america stuff. 8 - 10 days is not terrible but its not good either.
    3) That's none of anyone's business, keep that private unless you want the whole world copying your products and pricing. It wont get you anymore sales. and will just bulk out your description.
     
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  3. SellOnlineee

    SellOnlineee Regular Member

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    I am puzzled about a store doing extremely good ! They have only opened a year ago and already in top10 stores in that category. Is there any way to detect from where they pulled in so much traffic in shorter duration.
     
  4. William702

    William702 Jr. VIP Jr. VIP

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    Is it on Pinterest you are referring to or someplace else?
     
  5. cwiney

    cwiney Registered Member

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    My etsy account got permanently banned few years ago, they said i cannot re-join the etsy platform with my name since i broke their TOS (dropshipping). Do you think i can get another account?
     
  6. SellOnlineee

    SellOnlineee Regular Member

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    Talking about Etsy. A statistics website of Etsy shows the store in top ranks. Even "sales" numbers are displayed when you open an Etsy store. How on earth could they do like 150k sales,not $$. Even surpassing long standing stores.
     
  7. William702

    William702 Jr. VIP Jr. VIP

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    I have seen lots of shops do very well in a short space of time. My shop was the fastest growing shop in the world for 2012 and 2013 ad most of 2014 before they started to allow digital products as handmade. We had the 4th top selling shop in the world at one point. It's really not hard to get sales on Etsy. All the customers are piled into one place. Generating traffic on Etsy is a piece of piss.

    Iprobably not, not with your details anyway. You should not have been dropshipping ;)

    That's not that unusual on Etsy.
     
  8. Gumbumper

    Gumbumper Newbie

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    Hi William, are you still willing to look at an Etsy profile? I am trying to optimize my Etsy for more traffic and need assistance.
     
  9. William702

    William702 Jr. VIP Jr. VIP

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    Sure, I'll pm you so that you can send me the link.
     
  10. SellOnlineee

    SellOnlineee Regular Member

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    That's not that unusual on Etsy. - That might be blackhat marketing or organic way they have topped the charts ?
     
  11. ritafairclough

    ritafairclough Regular Member

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    Hi @William702 , Thank you so much for your tips. Can I PM you my shop for you to take a look?

    Thanks!
     
  12. William702

    William702 Jr. VIP Jr. VIP

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    Sure. I can take a quick look.
     
  13. shopxiaolizi

    shopxiaolizi Newbie

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    Hi @William702

    Thanks so much for all your tips, very helful for me.

    I have run my etsy shop for many years, I am trying hard to optimize my Etsy for more traffic and sale , I am super confused and need assistance, would you please pm me so I can send you my shop for you to take a look ?

    Thank you
     
  14. William702

    William702 Jr. VIP Jr. VIP

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    My pleasure glad it has helped. Once you have contributed a little more on the forum you will have the ability to message me. I don't have time to answer PM's with everyone. I was OK with @ritafairclough getting in touch as they have been a user since 2009 and have over a hundred likes, no doubt for their contributions. Once you have the ability to message me feel free to send me the link to your shop, if I get a second to take a look I will do so but I wont be able to give everyone who sends me a pm a response right away or an in-depth reply.

    I would prefer you ask any questions here though, so that everyone can benefit from the answer. I will be launching several guides for etsy users and guides for them to promote ecomm shops with social media very soon. All will be made 100% available and free to BHW members in a way that is congruent with the rules of BHW. When I have them up and available I'll make a post about it.
     
  15. godknowseverything

    godknowseverything Regular Member

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    What are your thoughts about selling on Etsy using Printful POD ?
     
  16. William702

    William702 Jr. VIP Jr. VIP

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    LOL I was just about to start a journey thread on the subject. I suspect it will be a profitable journey
     
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  17. nightwings

    nightwings Newbie

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    Looking forward to that, really awesome!:D
     
  18. godknowseverything

    godknowseverything Regular Member

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  19. William702

    William702 Jr. VIP Jr. VIP

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    Hopefully It wont be too long, I close on some property I purchased on the 30th so I will be busy there for a few weeks but after that I should have time to get something up.

    I'll take a look at that. They reached out to me back in the day to have me promote it to my etsy audience when they were first building the etsy integration out, I wish I took advantage of it back then because I would have dozens of very profitable shops by now. Oh well, better late than never.
     
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  20. raregem009

    raregem009 Regular Member

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    Could you pls send me a link to the video? Thanks