
If you have a creative flair and an entrepreneurial spirit, you may have considered opening an Etsy store.
Well, there's no better time than now. Opening an Etsy store to sell your handmade items is an excellent way to monetize your passion and skills.
Etsy is an extremely popular eCommerce marketplace with more than a million active sellers. However, if you'd like to earn money from something you lovemaking, it's wise to do a bit of research first.
Read on to discover four expert tips to make your new venture a success.
In any business, the initial research phase is an essential step. Before you start creating your Etsy store, you'll need to know your product, your audience, and who your competitors are.
By knowing who your competitors are, you'll be able to identify untapped gaps in the market that can fulfill your target audience's needs. In your business plan, you should also research how you'll handle shipping if you need a loan, and how you plan to scale your production.
To research the shipping aspect of your business, Google keywords like "finding a courier service near me" and compare a few local and international delivery quotes from several different courier companies.
Start creating a strategy before you begin, and don't forget to include a plan B if things don't go as well as you hoped. The last thing you want to do is launch your store and have to go back to the drawing board – so do your research first.
Creating a successful Etsy store isn't just about creating a site to sell your products from – it's also about continuously acquiring new customers from social media and Google search.
Google Keyword Planner is a tool that allows you to find out what search terms potential customers are using to find similar products to yours. Implementing a solid SEO strategy means your page will be more discoverable – and it'll also get more traffic.
Once you've decided on a business name that reflects your products and your brand, set up accounts with all the major social media networks – like LinkedIn, Facebook, Twitter, Vine, and Instagram – and use them to promote your Etsy site.
The most overlooked but essential component in any successful Etsy store is having high-quality, professional photos of your products.
Because Etsy is online and customers can't physically touch or feel your products, photos can make or break a sale. If you don't have the expertise to take professional-looking photos, consider hiring a professional photographer to do it for you.
Once you've set up your Etsy store, you'll need to maintain it. You'll need to stay on top of sales, returns, refunds, and deliveries to maintain quality customer service get great reviews, and keep your clients coming back for more.
Some people forget that running an Etsy store is just like running any business – but you'll need to remain involved in all of your store's operations.
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