Have you got a great idea for an Etsy store – or so you think?
It can be so daunting taking an idea and turning it into reality, especially when you’re not completely sure if the idea is viable or not.
The last thing you want to be doing is putting out a ton of upfront costs if it’s not going to earn you the money back.
To start on Etsy, the first thing you need to establish is if your idea is allowed on Etsy.
Etsy allow THREE specific topics:
If your idea is outside of these categories – you’re simply not allowed on Etsy. However good your idea may be, Etsy is not the place for it.
Whilst you definitely don’t need a huge capital to start up on Etsy, you do need to factor in any potential costs to get you up and running.
These do include any stock buying, supplies, cost to make, listing fees and an important one – YOUR TIME.
Your time is priceless and if you’re doing 18 hour days and selling your items for £3.50 with little to no profit – this is not going to change your life and in fact you’re going to burn out very quickly.
When you start up an Etsy store, whether it be as a side hustle or a full time business, you must account for your time. You have an hourly rate and you deserve to earn that.
Another thing to think about it – is this a side hustle for you or a full time business?
If it’s a side hustle – how much time have you got available to dedicate to your Etsy store?
You’re dealing with real customers who want their items yesterday – if this is a side hustle you need to make sure you have set times to dedicate to your Etsy store.
If all of these things apply – I’d definitely say Etsy is the right choice for you!