If one is looking for handmade, vintage and unique goods to create a well impression then he should pay a visit at Etsy which is an e-commerce website. Here one can get a wide variety of things they prefer for their home or want to gift or to show off their own personality buying art, clothing, jewellery, bath and beauty products, photography, toys, quilts and many more. It is just like an open craft fairs where sellers are given out personal storefronts at the cost of US$0.20 per item.
The owner of this e-commerce is Etsy, Inc. making out the revenue of US$195.6 million in year 2014 according to report. It was officially launched in 2005 and since then has proved its best in quality of products they sell.
When was it started?
A small company iospace was launched in 2005 by Chris Maguire, Haim Schoppik and Robert Kalin. This was just a start then Jared Tarbell and Maria Thomas came in the team and it started making its own presence grabbing the attention with new added tools and functionalities. The work in the company jumped its $1.7 million in sales in May 2007 and in 2009 they made and built the consumers interest with cheaper and more personalized goods during the period of recession.
How to join them and sell?
It is just free to join and start a shop but has some basic selling fees that include transaction fee, listing fee and payment processing fee. Other than this one has to pay $0.20 per item to publish a listing in the marketplace. If it gets sold then 3.5% transaction fee is added on the sale price.
Some may think of selling on Etsy is worthy or not. Coming on the point all the process is explained by the strategy you offer if it is social selling then Spressy save a loads of time and fee by charging 3% as a per-sale fee. On the side of tax, one has to pay it by totalling out the amount you earned by selling out products. The company also generates a report on sellers gross income to the IRS on Form 1099-K for the tax. One can easily earn up to $39,509 to $40,000 as a full time worker. It’s a good start up and money making site.
How to buy the product?
One can browse the product of their own choice in search option which may include a wide range of art, mobile accessories, craft supplies, vintage, clothing and many in addition. Even categories are provided for easiness. After selecting they determine the reliability of the shop and add the product to cart which finally gets included to virtual shopping cart. Payments options are given and so no need to register by account or connect through social platform. Credit card or PayPal makes the payment easier.
The company has purchased a start up Blackbird Technologies in 2016 paying $32.5 million for shopping context search applications.