Etsy is a savior. A savior for the gift-giver who has no idea what to buy. A savior for the online shopper who is missing out on cool, local artists work. A savior for the artist who's never had the wherewithal or the knowledge to open their own shop or site.
Etsy is not, however, the savior of Mighty Distractible.
Let me 'splain.
As you all know, we did the trunk show a couple of weeks ago. And then I blogged about how we were going to put up the rest of the stock on Etsy. But, as I began the foray into the world of setting up an Etsy shop, I learned a very valuable lesson - Etsy is not for every situation.
The brilliance of Etsy is that, if you're going to have an online shop, they do it all for you - and for a very reasonable cost. Fees are like this:
- Each listing generates a non-refundable "listing fee" of $0.20 per item so, if you list 100 items, your listing fee would be $20. Not bad, except that the listing is only good for 60 days. If you need to re-list the item (it hasn't sold or it's a standard item that you'll always carry) you pay that 20 cents again - every 60 days - for as long as you want the listing active. Also, it's per item so, just like the grocery store check out lane, 30 cans of cat food is 30 items, not one. If you list 10 of the same item under one listing you pay $2.
- Then, for every sale you make you pay Etsy 3.5% of the total sale price (not including shipping). So, if you sell one item for $25, you give Etsy approximately $0.88.
- Fees are paid at the end of the month - they don't come out of your individual sale - so you have to stay on top of it and not spend that entire $25 because at the end of the month, Etsy's coming knocking for their $1.08 (listing fee plus sales fee). This can add up pretty fast so it's important to have halfway decent book-keeping skills.
But if, like us, you really just need a place to sell off some inventory, Etsy isn't really the solution. Can you imagine how sad the Mighty Distractible Etsy shop would be once we were down to five skeins of yarn and two or three embroidery kits??
No... a successful Etsy shop needs to be a living, breathing thing. A constantly restocked, lovely to look at, store. Not a fire sale.
So, we have a question for you all. What would you think if we just posted what we have left out here on the blog and did our transactions via email? We could take PayPal and/or credit cards (thanks to Square!) and just work with you individually. Let us know. Comment below and tell us if you think this is a good idea or complete rubbish (that's for you @pinkundine!). If you all vote that it's a good idea, we'll put photos, quantities and prices up on the site this weekend and then we can get down to business.
Speak up friends! And thanks. :)