10 Tips - How I Made My First 100k on Etsy

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  • Опубліковано 22 гру 2024

КОМЕНТАРІ • 82

  • @kerim.peardon5551
    @kerim.peardon5551 Рік тому +7

    Something I have seen in my own numbers that's not emphasized (by anyone) nearly enough is be in your store just about every day. I don't know what the magic number is--whether it's every day, or more days than not, or once per week--but I do know that when I stopped working in my shop (i.e. posting new listings or tweaking old ones--what I call "tidying up"), my sales dropped down noticeably. And that was during the Christmas rush when they should have been growing exponentially. And that was with paid ads. I didn't do anything different other than not be in my store. (I have a POD store, so that's why I don't have to be in it frequently.)
    After a couple of months of working in my store 5 or 6 days a week, my views and sales both were higher in May than they were in either January or February when I was still running ads on one of my products.
    Put up a new listing more days than not. If you don't have anything new to list or haven't got time to make a new listing, then tidy up. From what I've heard, Etsy takes notice if you adjust your title, keywords, pictures, or description. And, in fact, they will give your listing a little boost (just like it was a new listing) to test it and see where it needs to go now that you've changed the parameters of it. Adjusting your banner, shop policies, logo, etc. storefront items also supposedly counts towards working in your store and keeps Etsy happy.

    • @MzBrazilian87
      @MzBrazilian87 Рік тому

      If you talking about theis past christmas, everyone felt lower sales. The Etsy market is slowing down since the covid ramp up.

  • @thegenxproject5941
    @thegenxproject5941 Рік тому +5

    Very good information! I’ve been struggling but one of my items has become popular and has started pushing my listings higher. I tried the shotgun method for a couple listings and that didn’t produce much results. I didn’t think about what category they were in so all the same. I’ll for sure try this and change categories for each one! Here’s to my first 100k!! I’m at about $500-$700 a month and to do that every day would be excellent! Thanks for your honesty!! Etsy is NOT a get rich quick thing. It’s a lot of research and hard work!

    • @bltmiy
      @bltmiy Рік тому +1

      I saw a Pendant demon and a beautiful Angel large necklace going for little over three hundred dollars on their site quality merch for sure well congrats on their interesting Business LoL .👿🤨

    • @infinitesolace
      @infinitesolace Рік тому

      what do you sell?

    • @thegenxproject5941
      @thegenxproject5941 Рік тому +1

      @@infinitesolace small trays and small ticket items. Nothing over $50 for a single item. All can be personalized

    • @kaistockman6443
      @kaistockman6443 Рік тому

      I make about the same but I’m only selling supplies around three dollars so I need to figure out something that sells for more that I can sell.

  • @BrianAndrewStephens
    @BrianAndrewStephens Рік тому +1

    Thanks Ryan! Im about to jump on the Etsy train and this really helps.

  • @ChtoDelaetMaks
    @ChtoDelaetMaks Рік тому +2

    Thanks buddy. I am grateful to you for sharing your experience and talking about your business.

  • @austinwise7436
    @austinwise7436 Рік тому +1

    Opened an etsy shop last week! I will be doing my best to follow this guide

  • @kennethturner9581
    @kennethturner9581 Рік тому +6

    Have you ever considered whether your customers perceive it as spam when you repeatedly post the same item?

  • @alexreid4131
    @alexreid4131 Рік тому +2

    So do I have this right that your main focus is CNC at scale combined with the correct target marketing with giving unique spins on existing products that already do well?

    • @cutting-it-close
      @cutting-it-close  Рік тому +1

      Pretty much! I use the KISS method, people try to complicate things too much.

    • @alexreid4131
      @alexreid4131 Рік тому

      @@cutting-it-close that they do. Moved here to the PNW in the US from the UK 15 years ago and I see the same issues I've seen all over the world. Always comes down to someone overcomplicating something that should have been identified before the project even began. But at the beginning of projects people take some weird "comfort" in someone that speaks in a complicated manner. That's the death of any project/programme. Well done sir. Very impressive and I look forward to seeing your continued progress.

  • @erellybee
    @erellybee Рік тому +1

    Do you put different photos for the copies of the listing?

  • @johnniek8845
    @johnniek8845 Рік тому +2

    Awesome video Boss, great info we all could use from someone who truly wants to help others get off the ground.

    • @johnniek8845
      @johnniek8845 Рік тому +1

      So when you began, how long did you work all by yourself ?

    • @cutting-it-close
      @cutting-it-close  Рік тому +1

      Three years by myself, then three years after I hired my first, I had 7 employees

    • @johnniek8845
      @johnniek8845 Рік тому

      @@cutting-it-close Wow, Thanks man.

    • @MandrilSolo
      @MandrilSolo Рік тому

      Passive income my friend.

  • @hty8741
    @hty8741 Рік тому +1

    Hi there! Thank you for the generous introduction! I have a quick question regarding the shotgun method, are you using the exact images for the same items and only change the tags and the titles? Thanks again!

    • @cutting-it-close
      @cutting-it-close  Рік тому

      I will rotate around 3-4 profile images and then whichever one is the most popular I will use that one more

  • @magicfitzpatrick
    @magicfitzpatrick Рік тому

    I love the way you explain this. Great video.

  • @LennyYT
    @LennyYT Рік тому +1

    Great tips. Any chance to see your store? 🙏

  • @pathardage1880
    @pathardage1880 Рік тому +1

    Thanks for the guidance.

  • @hypnotriloquist
    @hypnotriloquist Рік тому +2

    Your videos are looking more professional, great work!

  • @EnlightenedHustlers
    @EnlightenedHustlers Рік тому +1

    How you pick only one niche and build it let's say two years if you don't know how this will perform? Since there is so many niches and POD products, how to choose one? Or why not to run multiple stores?

  • @stevem8ck
    @stevem8ck Рік тому +4

    Thanks for all the videos you put out Ryan. It’s super motivating watching your videos and you truly are a great source for guidance 🙏🏻

    • @salahzenieh2515
      @salahzenieh2515 Рік тому

      I am trying really hard to find where you sell your products. There is no link anywhere from youtube, instagram, facebook or tiktok that takes me to see your products. I must have missed it as I have read people talk about your cutting boards, but I cannot find them. Can you help point me to them?

    • @mohaimenkazi9787
      @mohaimenkazi9787 Рік тому +1

      @Salah Zenieh that's because these videos are lies for views and he doesn't own a business. Unfortunately videos are like this is all over social media.

    • @stevem8ck
      @stevem8ck Рік тому

      @@mohaimenkazi9787 being a UA-camr is a business. Maybe there is a reason why he doesn’t promote his own business for reasons that can’t be disclosed. Regardless, the information is good but I do see your side of this with no business information on the channel/video info board. I’m here to learn different ways of the trade.

    • @salahzenieh2515
      @salahzenieh2515 Рік тому

      @@mohaimenkazi9787 Thanks for the insight.

  • @produmaquinas8846
    @produmaquinas8846 Рік тому +1

    Thanks a lot for your advices friend.

  • @mgeorge4347
    @mgeorge4347 Рік тому

    Thank you Ryan.
    Great video. Great message.
    I've got ideas for miles. The trillion dollar ideas need revenue. See a need fill a need mindset and cursed with the 5s lean mindset.
    Time to fall deep into the "etsy" rabbit hole while I polish my skills.
    Thank you for the push, advise, and video.
    Here's to your first 100 million.

  • @Tom33875
    @Tom33875 Рік тому

    Bro you just gave a tidal wave of useful information.

  • @proslammer
    @proslammer Рік тому +1

    Thank you for sharing this! Super helpful tips to get started with Etsy. Couple of questions. What do you think about selling CNC files and DIY plans versus selling the actual product? Have you done this and is there a market for this or better off selling hard goods? I have managed to sell a handful of my designs and CNC files, and its cool to receive money for this, but I think the market is limited to the people who only own CNC machines. Thanks again!

    • @bigsergio04mex
      @bigsergio04mex Рік тому

      I'm a costumer of a plans. I think is a great idea.

  • @foodhead4677
    @foodhead4677 Рік тому +2

    So do you think specializing in a category is still a good idea?

  • @rocknewoodworking
    @rocknewoodworking Рік тому +3

    what’s the name of your etsy shop? because you only have like 100 followers on instagram?

  • @michaelwillson6847
    @michaelwillson6847 Рік тому

    Ryan appreciate this video. My only question is regarding say cutting boards/butcher boards there is like a million plus so how is sommit like that supposed to get noticed if u get what a mean. 👍🏴󠁧󠁢󠁳󠁣󠁴󠁿

    • @cutting-it-close
      @cutting-it-close  Рік тому

      You have to be unique in some way, if you cannot be cheap then create designer cutting boards using unique woods. Do not compete head ti head with the mass producers!

  • @SodaCreekFurniture
    @SodaCreekFurniture Рік тому +1

    What's your etsy shop link?

  • @NathanCobb-e6w
    @NathanCobb-e6w Рік тому

    Can you recommend any other websites that support selling handmade woodworking item's other than E-SY?

  • @sheilathompkins8844
    @sheilathompkins8844 Рік тому +1

    Thank you 😊

  • @john848sbk1
    @john848sbk1 Рік тому +3

    I'm a big fan of yours. I make cutting boards as well. My larger ones are 20x12x1.5" so similar to yours but no customization/laser engraving. The board feet cost in raw material alone for the walnut at $16.00 a foot at approximately 4 board feet a board is $64. Add in glue, wear and tear on the machines, packaging costs, and Etsy's cut and now my raw costs are more than what you are selling your boards for. I'd lose money if I sold at your prices and that's even if I was doing them for free labor. How in the world can anyone compete??? Nothing against you, I'm just genuinely curious how in the hell anyone can sell on Etsy when there are multiple companies out there selling finished products for less than my material costs??

    • @cutting-it-close
      @cutting-it-close  Рік тому +2

      Take a look at your walnut cost, you can cut those cost down quite a bit. But let’s say you cannot, then I would look at going the high end board route where material cost is irrelevant. I’m about high numbers lower margins, you can be about lower numbers higher margin. At the minimum you should be able to cut your BF cost roughly in half.

    • @thegenxproject5941
      @thegenxproject5941 Рік тому +1

      Not sure where you are that walnut is that high. Suggest to find a local rough cut mill and then plane down raw material. I was getting black walnut at $6 a bf but now it’s about $8 a bf kiln dried. Search for mills that are near you and see if it’s worth planing down your own materials

    • @john848sbk1
      @john848sbk1 Рік тому +1

      @@cutting-it-close I don’t know how to when I’m not buying at volume but yes, I’m trying to create higher end products, however, walnut is walnut and comparing your boards to mine there is no choice. Go with the less expensive (by far). I have different designs etc of course but the problem remains. Anyway, I appreciate you taking the time reply. It’s a frustrating business for sure. I’m trying to create handcrafted products that take an immense amount of time and sell them in a high production industry. Not a good business decision lol.

    • @cutting-it-close
      @cutting-it-close  Рік тому +1

      It’s possible to do it though! I would take time and do a lot of research on how and where you can get cheaper material, then you can start competing much easier!

    • @john848sbk1
      @john848sbk1 Рік тому

      @@thegenxproject5941 I’m in the tampa area. Every hardwood dealer around is that much. $15 plus tax. 8/4 boards

  • @sailorstud21
    @sailorstud21 Рік тому

    Ryan, did you have an LLC when you started?

  • @woodandwandco
    @woodandwandco Рік тому +7

    As a woodworker, or really any crafts person, focusing on products for babies is very risky. At least within the US, anything sold for use by children has extremely stringent regulations surrounding every aspect of it, so do your research, consult your lawyer, and approach with caution! A lawsuit because a baby hurt themselves somehow with your product, developed some irritation, or worse, is always a possibility, so make sure you know what you're getting into.

    • @woodworkingandepoxy643
      @woodworkingandepoxy643 Рік тому

      Yeah that's why he and anyone doing this to make money say to have liability insurance because it's cheap anyway

  • @mikebirnie6381
    @mikebirnie6381 7 місяців тому

    Thanks dude...appreciated

  • @larryh7760
    @larryh7760 Рік тому +2

    I retired early a few years ago, and I'm bored out of my mind now. I may want to try this instead of getting another job.

  • @lakeville1853
    @lakeville1853 Рік тому

    You mentioned mentoring
    Can you tell me how I can find out more

  • @BassingGalBarbara
    @BassingGalBarbara Рік тому +1

    I put the name of my store and “Not for printing” on my digital journal pages because one of my listings was getting a ton of views but no purchases even with a sale. One of my friends went to it and she clicked on one of the photos blew it up and just printed it so basically people are able to get it for free. Does anyone else consider this? Should I go back and take that off? I definitely don’t want my listing suppressed.

  • @RootinTootinLetsGoScootin
    @RootinTootinLetsGoScootin Рік тому

    Just curious, what is keeping people from making exactly what you are making? Do you have copyrights or anything? Seriously interested in investing in a CNC business myself but trying to figure out what product I could sell all while keeping people from selling the exact same thing I'd be selling.

  • @MrCreepXL
    @MrCreepXL Рік тому +1

    I didnt get ur point#3 ...u mean u were doing dropshipping on etsy for bulk orders?

  • @Jakobiez
    @Jakobiez Рік тому +9

    I am making all your old mistakes. Thanks for the heads up lol.

  • @mohaimenkazi9787
    @mohaimenkazi9787 Рік тому +1

    Whats your etsy page?

  • @OneofaKimeCreations
    @OneofaKimeCreations 16 днів тому

    Do these tips apply to custom orders that cost several hundred dollars? Is Etsy even a good place for that? The thing I make that I'm most proud of and would like to make more of is my Battlefield Chessboards. I'm literally the only one who makes them at the moment, but I don't know how to get it in front of the right people without making ten in advance and going to a craft fair or something. Making several in advance sounds nice, but they're actually really time consuming and costly to make. Because of the nature of the concept, they're also very customizable so I imagine the folks who are willing to spend hundreds of dollars on one of my chessboards would like to tell me exactly what kind of woods and terrain they want.

  • @gumvue.studio
    @gumvue.studio Рік тому

    I saw people paying ads, and on the end, they just hardly recover there ads prices ..

  • @edydakka
    @edydakka Рік тому

    Does it worth to be on etsy after 100k profit?

    • @cutting-it-close
      @cutting-it-close  Рік тому +1

      It just depends on what your other sources of revenue are, if you are only on Etsy and making 100K a year, I would have a strategy in place to get off of it eventually, but I would not quit and go back to zero.

  • @luke-guitarist
    @luke-guitarist Рік тому +2

    How!? I can’t even sell a product for $100 let alone making 100K! This makes me want to just cry

  • @slhasebroock
    @slhasebroock Рік тому +1

    Why do you not show your Etsy store? But you promote your coolers? Don't understand!

    • @cutting-it-close
      @cutting-it-close  Рік тому +2

      There is a lot of good people out there that want to help but there are a few that want to hurt, so I do not show my Etsy shop because some people just want to destroy good things.

  • @matthewhall9692
    @matthewhall9692 Рік тому

    Tip 10 and Tip 8 seem a bit contradictory