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Starting an Etsy Shop in 2024? Here's Everything You Need to Know

Brandon Timothy2024-02-17
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4K views|6 months ago
💫 Short Summary

Starting an Etsy shop can be done on a budget with low initial costs. Competition can be beneficial, and niching down in a specific category is recommended. Creating a virtual store with digital products is possible, and outsourcing design work is an option. Focusing efforts on one shop at a time, investing in professional mockups, and utilizing multiple Etsy accounts are suggested. The video also promotes the Digital Freedom Academy program for further guidance on launching and scaling shops on Etsy.

✨ Highlights
📊 Transcript
✦
Tips for Starting an Etsy Shop on a Budget
00:30
Initial costs for listing products on Etsy can be as low as 20 cents and free product listings are available through specific links.
Using free tools like Canva for product creation can help reduce expenses.
Competition in the market can be beneficial as it shows demand and provides opportunities for innovation and differentiation.
Researching demand and competition ratios can assist in selecting the right product categories for a successful shop launch.
✦
Tips for Success in E-commerce.
03:27
Consider niching down to establish yourself in a specific category first.
Research thoroughly to understand supply and demand dynamics.
Choose categories that offer opportunities for success.
Double-check details for billing address issues, try different credit cards or browsers, and consider bank restrictions based on your country.
✦
Creating a virtual store on Etsy with digital products is possible, no physical products are needed.
06:55
A credit card is necessary to open an Etsy shop for verification and transactions.
Outsourcing the design process is an option, and tips are provided on finding and delegating to designers.
Onlinejobs.ph is a recommended platform for hiring freelancers for Etsy shops.
Success stories of students outsourcing design work and the benefits of proper delegation are shared.
✦
Tips for starting multiple shops on Etsy.
09:38
Focus efforts on one shop at a time to maximize marketing and reviews for better results.
Invest in professional mockups for products from platforms like Creative Market and Canva.
Create multiple Etsy accounts with different shop names and emails using new email addresses for each account.
✦
Promotion of Digital Freedom Academy program for guidance on researching, product creation, launching, and scaling.
12:40
Viewers can ask questions about researching, branding, product creation, and outsourcing in the comments section.
The program offers step-by-step guidance through modules and live calls, along with assistance from coaches and a supportive community.
Encouragement for viewers to check out the link below for more information on joining the academy.