The TRUTH About Etsy Passive Income Side Hustles

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5 Things New Etsy Sellers Should Avoid
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Пікірлер: 17

@user-qg7dj5wj2b

I started a digital download store, as a stay at home mum. I spend many hours all day working with files, creating bundles, mockups, uploading etc.... it is practically a full time job, definitely not side hustle hours but if you are committed to it you still have to put in some hours weekly.

@ecouturehandmades5166

I have two patterns that I sell on Etsy. I have sold enough of them to not have made two of the items that I make with the patterns.

@vitttini

What about the 5 month old stores making an estimate of $6k monthly off of one listing. How do they do this? (I use everbee)

@richardleigh7581

What's really being said here is that running an Etsy store is a business like any other, and while POD has many benefits which lighten the load, you can't just create a few designs and let things run by themselves. You have to keep oiling the machine - adding new designs, creating images, checking on sales, checking your marketing, dealing with customers, testing what you've done, the list goes on. Sure, you can run any business on a part-time basis, but if you do you are likely to end up with poor results. If you are serious, then you must put in some serious time. I will say that the Pareto rule applies, ie that 80% of your results will come from 20% of your products, and it gets a lot easier once you know which products to focus on, but that is a constant process. I'm enjoying running my store, but although I'm doing better than 80% of all Etsy stores, it's far from giving me a life-changing income, and I'm constantly finding that there's a lot more to running things than seems apparent to the outsider.

@rozelynn8040

You need to do a segment on the new IRS laws for side hustles.

@richardjones8236

My goal on Etsy is a minimum gross income (sales - cost of goods) of $1,000. From that I understand I need to pay overhead. As a general rule, I mark my products up 20%. Actually, I divide my cost of goods by eighty percent (0.80). If you do the arithmetic, I have to sell approx $5,000/mo.