Etsy is an online art and design marketplace, can be used as an effective side hustle that allows users to make a nice profit off their work.
If you have a passion for creating art, there are plenty of ways you can monetize this hobby as well. Perhaps the most simple way to sell your creations is on an online marketplace called Etsy. Etsy specializes in the listing of art, vintage items, and anything that requires more personal design.
One risk of becoming an Etsy seller is the upfront costs required to craft the item coupled with the chance that the item will not sell – you are your own advertising after all. It is important to research ahead of time about the cost and time it will take to make your items, and then see what similar items are selling for.
This will give you an idea of the budget you need to work with to stay profitable. It is also key to check competition, as certain types of items have a much better chance of selling than others. Etsy also has seller fees of 5% per sale, so don’t forget to factor this in.
When researching products and their associated costs, it is also a good idea to take note of what other seller stores look like. Unlike more generic online marketplaces such as eBay or Amazon, there is much personability and customization that is required to building an Etsy store.
This is because you will be selling your creations and not a generic second-hand product. As a result, you will need to be able to market your product. I recommend creating social media pages alongside your brand to try and draw people to your store.
Look at other art social media pages and other Etsy stores to gather inspiration for your own. Your store’s appearance, as well as your marketing, will be highly important to the amount of money you can make.