Etsy, founded in New York in 2005, is now a major marketplace operating worldwide. Etsy, the ideal e-commerce platform for selling overseas, sells a variety of items such as small business items, vintage items, and handmade items. Etsy is a great ecommerce platform for those looking to sell overseas. Thus, the question of what is Etsy is asked by those who want to sell abroad. In this list, we have collected answers to all your questions, such as what is Etsy, how to sell on Etsy, what products are sold on Etsy, and whether selling goods on Etsy is paid. First of all, let’s start by answering the question what is Etsy.
You can also take a look at this content: “13 Overseas Shopping Sites Where You Can Buy Cheap Fashion Clothes.”
What is Etsy?
Let’s get to the answer to the question, what is Etsy. Etsy is an e-commerce platform that allows users to sell their own designs, vintage items, small business items, and antiques. In addition, home decorations, collectibles, homemade decorations, and artwork can be sold on this e-commerce platform. Etsy, which competes with many major e-commerce platforms, is different because the goods are made by sellers. In other words, the product you want to sell on Etsy must be completely handcrafted or designed by you. Therefore, it is not possible to sell a product here that you have bought from the outside.
How does Etsy work?
Etsy is an e-commerce platform that sells vintage, handcrafted materials, and handicrafts. Etsy’s logic is similar to other e-commerce platforms. But what makes Etsy different is the products it sells on its platform. While many e-commerce platforms such as Amazon have many brands and sellers, on Etsy the main sellers are small and medium-sized businesses.
Because the products sold on Etsy are usually made by small businesses and handcrafted. As such, Etsy is the ideal e-commerce platform for small businesses making their own products and for sellers making handmade goods.
How to sell on Etsy?
Etsy is an e-commerce platform that operates internationally. Since there is no Turkish language support on the platform, an intermediate level of English is required. In order to sell your products here, you must first open a store. You can open a store and start selling by following the steps we have prepared for you.
First, create your Etsy account.
Once on the Etsy website, drag the page down and find the Sell category. Then go to the “Sell on Etsy” tab and you will be taken to the sales page. Here click “Start”. After entering your email address, click Continue. Enter your username and password to create an account.
Open your store and edit the information
After clicking “Sell on Etsy”, click “Open an Etsy shop” that will appear in the top right corner, or enter the shop section from your profile. Here, enter all the necessary information about the store, such as the country you sell in, the currency you want to sell in, and the language you will use to communicate your products. Finally, give your store a name.
Start uploading your products
When uploading your products, you must enter each product separately and make settings one by one. But do not forget to add high-quality photos to your products. This will increase your sales potential. You have the right to upload 1 video or 10 quality images for each product.
Set prices for your products
Enter the “Stocks and prices” section and enter the price of your products. Add here all the information requested from you. If you want to make separate prices for each country, you can make the necessary adjustments in the “global prices” section.
Add shipping information
Enter the shipping information your customers need to know when purchasing your products. Indicate from which country you are shipping the product and how long it takes on average for it to reach the buyer.
Specify how you will receive payment
On this page, you need to specify how you would like to receive your payment. Please indicate if you are a public limited company or a sole trader. Then enter the required information such as first name, last name and address. Finally, add information about your bank account from which you want to receive the payment.
Change account settings
Creating an Etsy account is free, but selling costs money. After entering the bank details from which you want to receive payment, you will be asked to select a payment method. After completing this part, you can open your store and publish your products.
Is it free to sell items on Etsy?
As we just mentioned; While it’s free to open a shop on Etsy, you have to pay a certain fee for the products you want to list and sell. In addition, Etsy has a commission system.
If you want to open an Etsy shop and sell a variety of products, you should do thorough research beforehand and adjust your budget accordingly. Because while selling here may seem like a guarantee, it still comes with some risks. While some people who open stores and sell on Etsy are making good profits, others are losing money. Therefore, it is very important to draw a good roadmap.
Etsy commission rates
Now that we’ve learned what Etsy is and isn’t, let’s look at commission rates. Certain commissions are charged on the products you sell on Etsy. Although it is free to open a store, there are certain listing fees for the items you wish to sell. In addition, if you choose to use Etsy’s advertising services, you will be charged an additional fee. In 2022, the listing fee per product is $0.20. 5% commission on transaction fees and 6.5% commission on sales. If you sell products using an advertising service, a commission of 15% is taken.
Commission rates on the platform vary by country. Commission rates for Etsy Türkiye sales vary and include VAT. As we just said, there is a 6.5% commission for every product sold. The cost of packaging and shipping is also included in this commission. Etsy also has statutory fees in countries such as Spain, France, and Turkey.
- United Kingdom – Commission 0.20%
- Italy – commission 0.25%
- France – commission 0.40%
- Spain – commission 0.40%
- Türkiye – commission 1.1%
What items are sold on Etsy?
There are many categories on the platform where you can sell products. Etsy allows you to create multiple stores, not just one. So you can sell products in different categories. So what is for sale on Etsy?
- art and collecting
- Paper and party supplies
- craft supplies
- gift of jewelry
- bath and beauty
We’ve outlined some of the most popular categories on Etsy. However, there are hundreds of different categories on the platform.
Best Selling Items on Etsy
Although there are hundreds of different categories on the platform, some of them attract more attention than others. Here are the categories that sell the most products.
- Paintings and collectibles
- gift of jewelry
- Crafts and materials
- home decoration products
- party material
- antique items
- wedding goods
How are payments accepted on Etsy?
You can easily get paid for the products you sell on Etsy. You can receive payments through Iyzico, Shopier, Payoneer, PayPal and Etsy Payments Turkey. You can receive the money you earn from your sales with Etsy Payments Turkey on a daily, weekly or monthly basis. Merchants who open new stores are paid on Mondays by default, but you can change this if you wish. You can set the time to receive payments by going to Store Management > Finance > Payment Settings > Deposit Plan.
With Etsy Payments Türkiye, you can receive payments with your debit or credit card. This is a payment method using the pool system. Etsy Payments Türkiye fee is defined as 6.5% + 3.00 TL.
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