A Beginner’s Guide - ChatGPT For Your Etsy Shop (Prompts & Examples) (2023)

FAQs

What should I put in my Etsy FAQ? ›

Such as the details about your packaging, materials, shipping information, etc. In order to save your time, you can create FAQ's, where you can explain everything about it. Moreover, you can add frequently asked questions on Etsy on each of your pages.

Illegal items, items that promote illegal activity, and stolen items are not allowed on Etsy. Neither are certain items that are subject to complex legal regulations or registration systems. We require sellers to follow all applicable laws for the items they list.

They type a few words in the search bar and are matched with unique products. The keywords you add to your listings are an essential tool for matching your listings to those searches. Etsy search is designed to help shoppers find what they're looking for and inspire them to click “Add to cart.”

Yes, absolutely. You can learn how to make money on Etsy. Now, we'll be completely honest here — Etsy isn't a get-rich-quick scheme. In fact, approximately 65% of sellers are earning less than $100 per year.

As a new seller, it's advised to upload at least 10 listings when you're opening your Etsy store. Make sure to preview all listings before publishing. You don't want customers to see a less-than-perfect listing when they're viewing your products for the first time.

How much does the average Etsy seller make? ›

How Much Does The Average Etsy Seller Make? The average successful seller on Etsy earns between $43,000 and $46,000 per year which is a fantastic foundation to build on as top earners make over $65,000 per month!

Etsy creators who fail to obtain the proper license for their online business are subject to a first-degree misdemeanor charge punishable by up to one year in jail and a fine of up to $1,000. Additionally, they could be ordered to pay restitution or complete probation.

Selling on Etsy is worth it in 2023 because it's one of the quickest, cheapest, and easiest ways to get your handmade products online and hooked up with a shopping cart function. It's also a low-risk option when compared to building a website.

What are good selling words? ›

A unique selling proposition (USP) is the one thing that makes your business better than the competition. It's a specific and clear benefit that makes your business stand out when compared to other businesses in your market.

The recommended size for listing images is 2000px for the shortest side of the image, and a resolution of 72PPI. Images larger than 1MB in file size may not finish uploading, especially on a slower internet connection.

How to Start a Business on Etsy with No Money. You can open an Etsy shop without money, but the Etsy platform requires a $. 20 per item listing fee that you'll have to pay when the product sells. If your items are not made-to-order, Etsy shop owners can get started for free.

As a general rule, anywhere between 20-36 listings is a good place to start with an Etsy shop, but it's not the end goal. You should have enough listings to fill up the first page of your shop in order to create a look of “fullness” when customers come to your shop's homepage.

The highest single-day sales on Etsy have been recorded on Cyber Monday for many consecutive years now. The Friday following Thanksgiving, known as Black Friday, also marks the year's biggest shopping festival. The last quarter holds many such opportunities for sellers to shine on, you'll find out later in the blog.

If you're based in the US, you can either operate your Etsy shop as an unincorporated entity — a sole proprietorship or a general partnership — or you can incorporate and form a corporation or a limited liability company (LLC). Sole proprietorships and general partnerships are the two simplest options.

Alicia Shaffer, often referred to as Etsy's richest seller, made numerous headlines for raking in $70,000 a month in sales. In 2015, her Etsy shop, Three Bird Nest, earned nearly $1 million on the platform.

How fast does Etsy pay you? ›

Depending on your bank, once a deposit is sent out, funds may take up to 3-5 business days to appear in your bank account. If a deposit day falls on a holiday, available funds will be sent to your bank account on the next business day.

Some owners started their shops with only 1-3 items, while some had upwards of 40. On average, the figure was around 10 items. This compares to Etsy's advised figure of 8 items. You want to be sure to have enough in your shop that you look established and customers can see the range and quality of your work.

Both online and offline retail companies have taken a significant hit in recent months as US consumer retail spending has slipped. E-commerce stocks, such as Etsy (NASDAQ:ETSY), fell faster during the beginning of 2022 as the sharp rise in interest rates lowered the discounted value of its expected future cash flow.

The money you'll make on Etsy depends on a lot of things: the effort you put it, the uniqueness of your product, the demand for your product and how well you market yourself. Some people make a steady $50 per month, while others make a full time income and quit their jobs to sell on Etsy.

An EIN is required if your business is registered as an LLC or partnership for reporting taxes to the IRS. If you're operating as a sole proprietorship, which the majority of Etsy owners are, you don't need an EIN.

Your Items Aren't Being Seen

Please understand that probably 90% of Etsy customers use the search field to look for the items they want. If you aren't optimizing your listings to be found in search, you won't make any sales. I see people with listings that literally have 3 or 4 words in the title and random tags.

Overall fees

The most obvious reason why most of the sellers are deciding to leave Etsy is the number of fees you need to pay in order to sell on the platform. Fees charged to Etsy's artists and craftspeople have certainly doubled (or even tripled) over the last couple of years.

Yes! We absolutely think it is worth it to sell on Etsy. In fact, we think it can be highly profitable and you can make lots of money selling on Etsy! We specifically recommend selling digital products on Etsy since they have low overhead cost.

To add an FAQ just go to your shop home page and click on "Edit shop" button on the top of the page (right next to your shop logo). Now go to the very bottom of the page to "More information" block and there you'll find a "Frequently asked questions" section.

What should I write in my Etsy section? ›

Your shop's About section is where you can share the story of your business. Shoppers can learn more about your creative process, the story behind your products, and any teammates or collaborators you work with. Share your shop story through a video or photos that show off your workspace or demonstrate your process.

The Message to Buyers is a short note you can include in the Etsy order confirmation email that your buyers receive after purchasing. Consider using your message to thank your customer for their purchase, inform them about standard shipping practices, or provide any other information you think they may need to know.

Cordero recommends keeping your shop as full as possible, with at least 20 products. However, the process may take a while, so don't fret if you only have a few items to start. Just keep adding as you go, as often as you can. “You want to treat your Etsy store as a brick-and-mortar shop,” he said.

As a new seller, it's advised to upload at least 10 listings when you're opening your Etsy store. Make sure to preview all listings before publishing. You don't want customers to see a less-than-perfect listing when they're viewing your products for the first time.

When you're first starting your Etsy shop, you can include as many listings as you want. Etsy recommends at least 10, as the more listings you have, the more likely customers are to find you.

As a general rule, anywhere between 20-36 listings is a good place to start with an Etsy shop, but it's not the end goal. You should have enough listings to fill up the first page of your shop in order to create a look of “fullness” when customers come to your shop's homepage.

You're required to report Etsy income on your income tax return. However, the good news is that you can claim deductions for business expenses as well. Because your Etsy shop is effectively a small business, you can deduct from your taxable income costs associated with operating your business.

Taxes You Will Need To File As A Seller On Etsy

Self-employment tax equals about 15.3% of your net earnings. To quickly figure out how much you'll owe, use our 1099 tax calculator.

Does Etsy report income? ›

Etsy typically reports your gross income to the IRS on Form 1099-K, but even if you don't receive a 1099-K, you still have to report your Etsy sales income on your tax return. If your state has income tax, you'll need to pay state income taxes on the net income from your Etsy sales as well.

Etsy search works wonders not just for browsing products but for popular trends as well. Search “Trending now” or “Popular right now” and explore all the top hits within the marketplace. You can also check Etsy's Trend Report with the latest market insights.