Being in a rat race of 9-5 making small money when you can use your talent and sell your handmade products? I feel you. It can be frustrating to work in a job that neither fuels your passion nor makes you enough money. But what if I give you a way that carves a way for both– your passion and financial fulfillments?
In this blog, I’ll be talking of a platform that can help you make good money by selling your handmade products and make your inner entrepreneur bloom.
The platform is ETSY. And this blog is going to be your step-by-step breakdown of how you can set up your selling account, sell goods and make money passively.
Etsy isn’t just a marketplace for handmade goods, but it is a thriving platform for the people who are planning to step into the world of online marketing. Whether you are a digital creator, entrepreneur, or craft maker, and want to build a sustainable passive income stream. Before all that, you need to know what this platform is all about and what type of goods you can sell on this platform? And this blog will work as a beginners guide for you.
Hold in tight, because this blog might change how you live your life and make money! Let’s dive in:
What is etsy? Can it be the source of passive income?
Etsy is the online marketplace which was founded in 2005, specializes in the crafty, vintage handmade items, and serves as the platform for millions of people around the world to sell their unique yet personalized products. Therefore if you are a craftsperson or an artist, you can surely showcase your products on this platform and not only that but you can build your way of earning passive income through that.
Specifically by selling your digital products and automated services. Below is the complete breakdown of the steps by which you can make passive income realistically through Etsy.
1. Focus on digital products.
Etsy serves as a foundation for digital products, selling and showcasing them would definitely make you stand out among your competitors. You only have to make and list your products, after that they can be sold repeatedly without any further manual efforts needed. If you are confused about which type of digital products you can sell on etsy then here are some examples, have a look.
- Printable artwork: if the artist inside you has also made a lot of artwork that is just lying in the corner of your house because you are not finding the right platform for them, and displaying them in exhibitions requires a lot of money, then Etsy is the platform for you, which will showcase your artwork to millions of people. Because printable artwork remains one of the most popular and best selling products on Etsy.
Pro Tip: To suit different frames, consider offering various sizes, this will make you stand out among your competitors and don’t forget to invest in good design software and collaborate with talented graphic designers.
- Planners and journals: another one of the best selling products on Etsy are planners and journals which cater to a wide range of audiences. Be it a daily task planner or a yearly journal, everybody is seeking these works nowadays, including students, professionals, or busy parents.
- Educational materials: being a creator, finding a profitable niche is a challenging task. For this, selling and creating educational materials are in high demand, these are often looked out for by teachers, students and anybody who are looking for creative learning resources.
2. Print on demand services.
This allows you to sell custom-designed products which in today’s world is a new definition of fashion for gen-z. All they seek is the eye-catching print on the product they are looking for, some of the products you can sell as print on demand are mentioned below.
- T-shirts – people these days are looking for clothes which are made as per their choice and style and on which they can get the print they wanted, hence customised t-shirts and apparels are the good options to make passive income on Etsy.
Pro Tip: To stand out, consider seasonality and trends in your products. Designs that are trendy and apparels that are seasonal attract a large amount of audiences from all over the world.
- Home-decor: items that are eye-catching to the customers like mugs, pillows or artwork, can also be a great option you can consider to sell on Etsy. Home decor products are in high demand, as individuals need products which are trendy, classy and that can make their home look aesthetically pleasing.
3. Sell crafting supplies.
If you are much more into crafting, try selling the products like hair ties, beads, scrunchies, ribbons and fabrics. These products are high in demand due to their designs and eye-catching concepts which are highly purchased by the youngsters. Enthusiast who are into crafting, look for quality materials for their projects, and many other things. Again making it a profitable niche.
Now that you are well aware of the platform and the types of products it supports to sell, you can choose your niche accordingly and then start making passive income very soon. Once you are done identifying your niche and listing your products on Etsy, you can sit back and relax then, because the sales on your products will be automated repeatedly, and income would be generated. But there are some of the tips you should always keep in mind to be a successful entrepreneur on Etsy.
Tips for success:
- Optimize your listings- using relevant keywords, titles and descriptions can be used to attract buyers and increase your sales.
- High quality images- you should always focus on the images that are of high quality and resolution, make sure your product photos are clear and showcase your items effectively.
- Customer services- to get positive reviews provide best customer services to encourage users to repeat the purchase.
- Marketing- promote and advertise your products on Etsy on various social media sites, like instagram and facebook, so that it can reach a broader audience and increase your sales.
Concluding thoughts
Generating passive income through Etsy requires a lot of time and effort, but once you have invested both in Etsy, income can be generated without much manual work then. Trendy, crafty and eye-catching products are in high demand in today’s time, people often search for them on different sites and platforms. By focusing on the products and tips I have mentioned above you can make a sustainable income stream through Etsy that will align with your skills and interest.
Remember, the key to a successful business is – consistency and patience.
update your products timely based on customer feedback and trends in the market, to ensure long term success on Etsy.