How to make $10K A MONTH on Etsy // what no one tells you

Summary

In this video, Taylor shares her journey of making $10,000 on Etsy with her business, Boardwalk Beads, which she started at 13. She offers in-depth tips for success on Etsy, emphasizing the importance of quality photos, effective use of hashtags, and cohesive branding on both Etsy and Instagram. Taylor also discusses the value of customer reviews, the potential of advertising, and the psychology behind aesthetic appeal. She advises against begging for sales and stresses the importance of tracking expenses and focusing on quality over quantity for long-term business growth.

Takeaways

• 💼 Taylor started her business 'Boardwalk Beads' at 13 and has made significant sales on Etsy.
• 📈 Etsy is appreciated for its ease of use in managing shop statistics and orders.
• 💸 Etsy charges listing fees and transaction fees, but provides a platform that can drive traffic to your shop.
• 📸 High-quality product photos are crucial for sales; editing skills can compensate for less advanced equipment.
• 💡 Look at what works for other successful Etsy shops to get ideas without copying them.
• 🔍 Research and use relevant keywords in product listings to improve visibility in Etsy searches.
• 🏷️ Use specific and relevant hashtags when listing products on Etsy to attract the right audience.
• 📢 Positive reviews build trust; incentivize buyers to leave reviews through methods like raffles.
• 📱 A cohesive and aesthetically pleasing Instagram account can significantly boost your Etsy shop's visibility.
• 🎨 Consider investing in packaging to encourage repeat purchases and enhance customer experience.
• 🚫 Avoid aggressive marketing tactics such as begging for sales or following/DMing potential customers.

Q & A

What was the speaker's first tip for being successful on Etsy?

The speaker's first tip was to make sure to take quality photos of your products. Good product photos can make a significant difference in sales.

How much does Etsy charge for each listing?

Etsy charges 20 cents for each different item listing.

What percentage of transaction fee does Etsy take?

Etsy takes a 3.5 percent transaction fee.

Why does the speaker recommend starting a business on Etsy?

The speaker recommends Etsy because it's easy to manage everything, and it's free unless you want to update your Etsy subscription. It also helps generate traffic to your shop.

What is the importance of using good lighting in product photography according to the speaker?

The speaker emphasizes that good lighting is probably the biggest thing in product photography. If you have good lighting, the rest is easier.

What does the speaker suggest doing to get noticed on Etsy?

The speaker suggests doing good research of products, using keywords in descriptions and titles, and utilizing the 13 hashtags option when making a listing.

How does the speaker encourage buyers to leave reviews?

The speaker entices buyers to leave reviews by doing review raffles every month, where each review gives the buyer an entry to win a prize.

Why is having a good Instagram account important for an Etsy shop?

Having a good Instagram account is important because it helps with marketing the Etsy shop, especially if you have good product photography that can attract followers.

What is the speaker's opinion on collaborations with influencers for small accounts?

The speaker suggests that collaborations with influencers might not be beneficial for small accounts as it can be costly and may not necessarily lead to increased sales.

How does the speaker feel about focusing on the numbers when running an Etsy shop?

The speaker advises not to focus on the numbers such as followers or sales, but rather on the quality of what you're doing, as quality will eventually lead to quantity in sales and followers.

What is one thing the speaker regrets not doing from the start of their business?

The speaker regrets not keeping track of their spending from the start of their business.