Friday, December 29, 2017

8 Steps to Starting a Business on Etsy

By John Stuart

Since its launch date in 2005, Etsy has become a well-known, respected, and hugely popular platform for creatives to share their handmade or vintage items with the world. Accommodating products that range from clothing, accessories, and jewelry to craft supplies and tools, Etsy enables freelance crafters to pursue their dreams and also make a living. If you want to start an Etsy shop that stands out from the crowd follow these tips:

1. Do your research and be original

The difference between a mere business idea and a successful business idea is thorough research to determine if starting a business would be profitable. Research similar vendors to see what types of products they are selling, and add a unique twist to your own products. Think about your design signature and what you can do to make your items stand out from a sea of products.

Also consider, how do you plan to draw in customers and make them buy your products? Will you offer superior quality materials, unique color combinations, or custom tailoring? Take the time to answer these questions and put together a business plan to guide you and enable you to set realistic objectives.

2. Don’t let finding the perfect name delay you

The name of your Etsy shop is important, but it’s not everything. The quality of your products weighs much more than the name of the brand. We’re not saying you shouldn’t put any thought into a name, but don’t waste days or weeks worrying about finding the perfect one. You can easily change your shop name one time if you change your mind further down the line. Also, try not to choose restrictive names such as “Knitted Slippers,” since you might branch out and start selling a wider array of products.

RELATED: 12 Tips for Naming Your Startup Business

3. Create a good environment for working from home

Starting a business on Etsy means your home will very likely become your working space (if it isn’t already). It’s important to separate your living space from your work space, so set up a room that’s dedicated solely to your business. You should also create a comfortable and productive environment to do your work.

RELATED: 101 Secrets to Running a Successful Home-Based Business

4. Sell at least 20 products

Offer your future clients variety. If you’re just starting your Etsy shop, you might be tempted to only offer a few products and wait to see what happens. In truth, having only a few listings will bring you little to no exposure. Your e-shop (even if it’s online) is still a shop. You should be offering a wide range of products that differ in colors, textures, and purposes.

For instance, if you choose to sell hand embroidered clothing pieces, it’s easy to branch out with smaller items to give your shop variety. Embroidered bookmarks and clothing patches are a couple of ideas you can put into practice. Offering a miscellaneous assortment will bring you more clients and gain you more exposure.

5. Price your items accordingly

Pricing your products correctly is essential and can play a major role in the success of your business. You should, of course, take into consideration the cost of your materials, as well as the time and effort that goes into making the items. Also, check out your competition to see how much they are selling their items. See if you can beat their prices by offering a cheaper alternative that doesn’t sacrifice quality and still makes a profit.

RELATED: Set Prices for Your Products in 7 Simple Steps

6. Pictures and descriptions

A picture really is worth a thousand words. Photographs and  descriptions play a significant role in how successful you sell on Etsy. When you’re creating a listing for an item, include as many photos as possible that shows the product from different angles. Include close-ups and even style the product if you can. For instance, take shots of you wearing pieces of clothing or jewelry. Take photos in natural light and never upload blurry, dark, or noisy pictures.

Product descriptions should be accurate and detailed. Offer in-depth information about fabrics, materials, patterns, textures, dimensions, and maintenance or washing instructions. Make it easy for buyers to read about the product by using bullet point lists. If you have another product that complements the listed item, include a link to it. All of these efforts combined will yield a professional looking listing which will help customers know exactly what they are getting and convince them to click the “buy” button without hesitation.

7. Offer custom-made items

Etsy allows you to add a “Request a custom order” button. This can bring in dozens of orders as custom-made items appeal to buyers. Allowing customers to choose colors, materials, or design of your product is an excellent technique to boost sales and accumulate loyal customers.

Be sure to always deliver impeccable customer service. Be polite, answer inquiries fast, and offer suggestions when the customer is uncertain about what they want. Gradually, your customer base will grow—and so will your profits.

8. Networking and social media

You may not need to do this in the first months after launching your Etsy shop, but it’s essential to think about networking with other Etsy sellers if you want to take your brand to the next level. The first step is to join a team on Etsy. Working from home as a freelancer means you don’t have any colleagues to talk to during lunch break. By joining a team, you can reach out to other Etsy creatives if you have questions or if you’re feeling overwhelmed. You also can benefit from the experience of more seasoned sellers who might share valuable tips and tricks.

Successful Etsy sellers also rely on Pinterest, Facebook, and Instagram to share their products and reach a wider audience. Pinterest is easy to use and can yield amazing results; Facebook and Instagram can help you keep your customers up-to-date with your latest creations, seasonal sales, and discounts. You can go beyond this and reach out to bloggers or YouTubers who might be interested in featuring your products in their blogs or videos. This can bring you huge exposure and help you increase your sales.

RELATED: Go Beyond Amazon: Small Businesses Today Must Take a Multi-Site Approach to E-Commerce

About the Author

Post by: John Stuart

John Stuart works on behalf of topmortgages.ie in outreach and content creation. He creates engaging content that help businesses connect with their audience and stand out from the crowd..

Company: Top Mortgages
Website: www.topmortgages.ie
Connect with me on Facebook and Twitter.

The post 8 Steps to Starting a Business on Etsy appeared first on AllBusiness.com

The post 8 Steps to Starting a Business on Etsy appeared first on AllBusiness.com. Click for more information about Guest Post.



from neb biz feed 1 http://ift.tt/2DvNMrb
via Nebula Biz Local Loans

No comments:

Post a Comment