But creativity and passion aren’t enough to succeed on the online marketplace, which is dedicated to art, crafts and vintage items.
Make sure your idea can be profitable
It’s important to sell a product you care about. But before diving in, make sure it’ll actually sell. You can do some quick market research using Etsy’s search bar.
Be as specific in your query as possible and click through to the different shop pages to see the number of sales made since opening.
NEED HELP STARTING YOUR BUDGET?
If it seems that there’s enough interest in your product idea, then you can move on to the next step: making sure the product will earn you money. Here’s how to do the math.
Figure out the cost to make each item.
First, figure out what costs, such as materials or labor, are involved in production. If you want to sell handmade jewelry, for example, look up prices for the gems and earring hooks you’d use to make each piece. Then calculate the cost of making a single item.