Do you want to start an etsy shop at home successfully from scratch? Or you need a sample etsy shop business plan template? If YES, then i advice you read on.
Being an entrepreneur can be frustrating sometimes. This is especially if you do not know to go about things. There are loads of people who have had their fingers burnt because they were not able to do the needful things. One of such ventures that may pose a headache is how to sell your crafts and products.
If you want to deal in products or crafts then it very important that you find an online presence to do this -much more than a physical store. This is one of the reasons why Etsy was created. To help budding entrepreneurs, as well as the existing ones solve the problems of where to get loads of people to buy their merchandise.
Etsy shops are created so that online consumers can see the various things folks have in their stores and then when one is interested in what you have on display, they can place orders, pay and then have then delivered to them.
If you think you would want to start a shop on Etsy, and do not know how to pull things off, then you may want to consider the following hands- on tips.
Starting an Etsy Shop – Sample Business Plan Template
1. Do Some Home work
You do not need to just sit down and do nothing about wanting to be on etsy. It is for this reason that you will need to undertake some research. This means that you have got to be prepared to learn a whole lot about the step you want to take.
Some of these steps include; finding out the types of products that are already being sold on etsy, how to possibly be a part, how consumers get their goods when they place orders, the mode of payment, testimonials from merchants already enlisted- if there is any, and a whole lot more.
2. Be Determined to Be Patient
Just like any other venture that may be going through its teething stage, it is very vital that you get determined to be patient when things aren’t adding up yet. Some folks get agitated and impatient when there are no buyers yet. This is why you have got to make up your mind as you start out to be patient. It might interest you to know that there are folks who do not get patronized at fist until they have started for months.
3. Decide on What to Sell
Since Etsy is an e-commerce site that deals mainly with crafts, then it might just be a good idea to want to sell your handiworks there. So, decide what it is you want to trade in. It could be female wears, male wears, accessories, homemade products and what have you. Bottom line is that you have to make sure that what you plan to sell is such that would be needed by people.
4. Set up Store on Etsy
You will need to visit the site. www. Etsy.com. Thereafter you will sign up to sell there- it entails providing details like your email, your shop name, what you intend to sell and a host of other information that you would need to supply for effective processing. In addition, you would be asked to choose your language preference.
5. Choose Currency
After you have successfully registered and started your shop, you would be asked to choose a currency. This is so that they would know whether you want to price and in be paid in dollars, pounds, Euros and what have you.
6. Use High Quality Pictures
It is important to note that etsy is an image driven site, as such you have got to do all that it takes to make sure that you create to notch pictures of your products that can attract all and sundry to your shop. First impressions are everything and are such you have to make sure that your photography in flawless, clutter free, and clean.
What is the right pricing, you may want to ask? Fixing your price rightly means that you may want to be careful so that you do not overprice your goods, thereby repelling people from your store. This is why you have got to do the calculations right.
Calculate how much you have spent on a product, the time spent, as well as other vital things surrounding the creation of the product. This way you arrive at a price. You can then fix your price. If you overly add too much money, then you risk losing your clients.
8. Add Listings
After you might have struck off the steps that have been mentioned earlier, then it is important that you begin to add items to your shop. As earlier mentioned, be sure that you have very attractive goods so that people can be attracted once they come by them.
9. Verify Payment Mode
It might interest you to note that there are various payment methods. They include through PayPal, check or money order, or the billing method. Be sure that you put in place all these things in place so that you do not run into a hitch with your customers.
If all is set then congratulations your shop is ready. This means that your shop address on etsy would be www. etsy/shop/your shop name. Do continue to look for ways to serve your clients for that is the way to stay successful in business.