This Is EXACTLY What I Would Sell If I Was New To Etsy in 2024... 🤫
TLDRIn the video, the host shares insights on starting an Etsy shop in 2024, emphasizing the importance of choosing a clear direction for the store, whether it be a general store or a niche-specific one. They discuss the new Etsy fee for setting up a shop, which is seen as a positive move to reduce inactive sellers and competition. The focus is on personalization, which is a key trend on Etsy, as customers look for unique, personalized items not easily found elsewhere. The host recommends several product ideas that do well on the platform, such as personalized candles, tote bags, tumblers, and cosmetic bags, all of which can be sold through print-on-demand services like Printify. They also highlight the success of text-based designs and encourage new sellers to be creative, offering unique spins on popular items to stand out in the competitive market.
Takeaways
- 🛒 **Consider Your Store's Direction**: Decide whether to have a general store with multiple product types or a niche-specific store.
- 💰 **Understand Etsy's Fee Structure**: Be aware of the $15 one-time fee for setting up a shop, which helps reduce inactive sellers and competition.
- 🔍 **Emphasize Personalization**: Etsy customers are looking for personalized items that they can't easily find elsewhere, like on Amazon or through a Google search.
- 📈 **Successful Product Examples**: Personalized candles, tote bags, and tumblers are popular and profitable products on Etsy.
- 📊 **Use Analytics Tools**: Utilize tools like Everb to research and spy on successful listings to understand what makes them successful.
- 🎨 **Simplicity is Key**: Simple designs with personalized elements, such as text or photos, can be highly profitable without requiring complex design skills.
- 👜 **Explore Tote Bag Niches**: Tote bags are unexpectedly popular and can be marketed effectively on Pinterest and social media.
- 🥂 **Look into Tumbler Options**: Personalized tumblers, especially those with a unique design or offering, can do well on Etsy.
- 🎁 **Capitalize on Gift Ideas**: Items like bridesmaid gifts and personalized cosmetic bags are sought after for their personalization and gift appeal.
- 📝 **Focus on Text-Based Designs**: Simple text-based designs can be very profitable, as demonstrated by the success of a text-based sweatshirt.
- 🚀 **Be Creative and Improve**: Look at successful listings for inspiration and think about how you can make your product stand out or improve upon existing designs.
Q & A
What is the first thing to consider when starting an Etsy shop in 2024?
-The first thing to consider is the direction of the store, whether you want to have a general store selling multiple types of products to different niches or a more niche-specific or product-specific store.
What is the significance of personalization on Etsy in 2024?
-Personalization is significant on Etsy in 2024 as the platform is known for offering unique, personalized items that customers cannot easily find on Amazon or through a Google search. Incorporating personalization can lead to more success on the platform.
What is the one-time fee for setting up a shop on Etsy in 2024?
-The one-time fee for setting up a shop on Etsy in 2024 is $15.
What is the role of a Chrome extension like Everb for an Etsy seller?
-A Chrome extension like Everb is used for research and to 'spy' on competitors, providing valuable insights into sales, revenue, and other important metrics that can inform an Etsy seller's strategy.
Why are personalized candles a recommended product to sell on Etsy?
-Personalized candles are recommended because they are a popular product on Etsy, often marked as bestsellers and Etsy picks. They can be easily customized with text, photos, and scents, and can generate significant revenue as demonstrated by the example of a candle bringing in $88,000 a month.
What is the appeal of personalized tote bags on Etsy?
-Personalized tote bags are appealing because they offer a simple yet effective way to customize a product that is both functional and fashionable. They are also popular on Pinterest and social media, making them a good product to market on these platforms.
How can sellers differentiate their personalized tumblers on Etsy?
-Sellers can differentiate their personalized tumblers by offering unique designs, different sizes, or by targeting specific niches such as bridesmaid gifts or beach-themed designs. They can also improve their listing with better mock-up photos and more sophisticated marketing.
What is the importance of listing age in product analytics on Etsy?
-Listing age is important because it shows how long a product has been on the platform. Newer listings with high sales and revenue can indicate trending products or effective marketing strategies, which can be valuable information for new sellers.
Why are bridesmaid gifts a potentially lucrative niche on Etsy?
-Bridesmaid gifts are potentially lucrative because they often involve bulk orders for a bridal party, which can lead to higher sales volumes. Additionally, personalized bridesmaid gifts can be a unique offering that appeals to the desire for special, memorable items.
What advice is given for new sellers looking to create a competitive edge on Etsy?
-New sellers are advised to be creative, look at successful listings for inspiration, and think about how they can improve upon existing products. This could involve better mock-ups, more niche targeting, or a more sophisticated marketing approach.
How can sellers incorporate text-based designs into their products on Etsy?
-Sellers can incorporate text-based designs by adding custom names, phrases, or slogans to their products. This can be particularly effective for items like personalized candles, tote bags, and tumblers, where the text can be the main design element.
What is the significance of the free Etsy setup store guide mentioned in the script?
-The free Etsy setup store guide is a valuable resource for new sellers, providing a step-by-step guide to setting up a store on Etsy. This can help streamline the process and ensure that new sellers start their Etsy journey on the right foot.
Outlines
🛒 Starting an Etsy Shop in 2024: Personalization and Niche Focus
The video script begins by addressing those interested in starting an Etsy shop in 2024 or those who already have a shop but are unsure about their direction. The speaker, MAC, shares insights based on their four years of successful selling on Etsy. They emphasize the importance of deciding whether to have a general store with a variety of products or a niche-specific store. The video also discusses the new requirement to pay a $15 one-time fee to set up a shop on Etsy, which is seen as a positive move to reduce inactive sellers and competition. MAC highlights the trend of personalization on Etsy and the importance of incorporating it into your store. They provide examples of successful personalized products, such as candles, and demonstrate how to use the Everb Chrome extension for research and spying on competitors. The summary includes an analysis of a best-selling personalized candle listing, which brings in $88,000 a month in revenue with a simple design and customization options.
👜 Marketable Products on Etsy: Personalized Tote Bags and Tumblers
The second paragraph focuses on recommended products to sell on Etsy, specifically personalized tote bags, which are popular and marketable on social media platforms like Pinterest. The speaker uses Etsy's product analytics to showcase the sales and revenue of various tote bags, such as bridesmaid tote bags, which have a high revenue of $99,000 a month. They also mention the potential for print-on-demand options and the importance of standing out with unique designs. The paragraph further explores personalized tumblers, noting their success on Etsy and the availability of different tumbler designs on Printify. An example of a successful listing is provided, with a revenue of $2,700 a month from a 10-month-old listing. The speaker encourages creativity and improving upon existing successful designs to gain a competitive edge. They also briefly touch on the idea of bridesmaid gifts as a potential niche.
🎁 Leveraging Personalized Gifts for High Profit on Etsy
The final paragraph discusses the profitability of personalized items on Etsy, using a specific example of a sweatshirt that generated a 100K profit in 6 months, based solely on text designs. The speaker emphasizes the platform's focus on personalized items and suggests that new sellers can stand out by offering unique personalized products. They also mention the availability of resources such as the Everb extension for research and a free Etsy setup guide for new sellers. The paragraph concludes with an invitation for viewers to ask questions, subscribe, and connect on social media for further guidance and support in their Etsy journey.
Mindmap
Keywords
💡Etsy
💡Personalization
💡Print on Demand
💡Digital Products
💡Niche Specific
💡Everb Chrome Extension
💡Tote Bags
💡null
💡Monthly Revenue
💡Bridal Party
💡Competitive Edge
💡Text-Based Designs
Highlights
Starting an Etsy shop in 2024 requires considering whether to have a general store or a niche-specific store.
Etsy has introduced a $15 one-time fee for setting up a shop to reduce inactive sellers.
Personalization is a key trend on Etsy, with customers seeking unique, personalized items.
Candles with custom text are a popular product on Etsy, with one seller making $88,000 a month in revenue.
Personalized tote bags are a surprisingly popular item on Etsy, with options for bridesmaid gifts and other niches.
Product analytics on Etsy can reveal valuable insights into sales and revenue for different products.
Print on demand services like Printify offer options for creating personalized tumblers that sell well on Etsy.
Bridesmaid gifts, such as personalized wine tumblers, are a niche market with potential for high sales volumes.
Personalized cosmetic bags are another product that performs well on Etsy, appealing to the trend for personalization.
Text-based designs, like those on a sweatshirt that generated $100K profit in 6 months, are highly profitable on Etsy.
Etsy is pushing for more personalized items, which is a significant avenue for new sellers to stand out.
Using a Chrome extension like Everb can aid in researching and spying on successful listings on Etsy.
Mock-up photos and keyword usage are crucial for the success of an Etsy listing.
Being creative and differentiating your product from existing ones can give you a competitive edge on Etsy.
A free Etsy setup guide is available in the video description to help new sellers set up their store.
Subscribing and connecting on social media can provide further insights and community support for Etsy sellers.