So now multiple people have suggested that I start my own Etsy shop. Lately I have thought about it, and though I would love to sell my cards or party banners, I just don't think there's any point in trying to sell them just to make pennies of profit, if that. So I thought about maybe first selling my racing bib and medal holders. One night, I decided to check out the Etsy website and click on "Sell." Whoa. There's a whole lot more to Etsy than I ever thought. Etsy does seem to make it easy to set up your shop, though so much planning I think has to go into it before you can even make your first sell. For example, the shopname. One has to choose a shopname that will hopefully make their shop stand out and be easily searched for. That's a lot of pressure already. And then there comes the knowledge that for every item you list, Etsy gets paid $0.20. For every sale you make, they also take 3.5%. If the buyer pays via PayPal, another percentage goes to them too. So now I know why things on Etsy cost so much more than just merely parts and labor.
These are just the tip of the iceberg. I had to take a crash course in copyrights and trademarks. So apparently there are some things I can and cannot sell. I can't sell things with Disney characters on them. Nor can I sell the medal holder with Nike's logo "Just do it," like I had made for my friend Yas. So now my focus is on what I CAN sell, like phrases from literature more than 95 years old apparently, due to the expiration of copyrights.
Taxes are another consideration. I learned not only about charging taxes on items I would sell, but also having to report what I've earned on my income taxes. So now, in addition to my MD degree, I guess I also have to earn an MBA, JD, and CPA!! Zoinks! And I would do this, why? Does the world really need more medal/bib holders made specifically by Jackie Heckman? Will it make me happy or will it make me hate crafting? Will I have the time? There are so many questions that I still have yet to answer for myself before I take the plunge.
For now, anyone who wants something made by me can just ask. No Etsy middleman to think about quite yet.
Thanks for reading, as always...
Thought I would end this post with photos of an item made for another happy "customer." It makes me want to read more Shakespeare again...
Coming to an Etsy store near you...maybe |
It's hard to tell, but the vinyl is actually silver |
The Etsy markup is harsh, when you consider what your time/effort/materials are really worth :) And a lot of people low-ball it on similar items which makes it all so hard. When people ask me about it, I always say that I don't want to hate my hobby for a couple extra bucks a month. It doesn't devalue how amazing and awesome what you do is... but you also can take a vacation without worrying about "closing your shop" or getting an order out the door at night.
ReplyDeleteSo no matter what you decide... KEEP CRAFTING :)
Thanks Kim! I will always keep crafting! For now, I think I will be holding off on the store--and I am actually happy with my decision...
DeleteOf course, just when I decide not to pursue the store, I get a special request for something to be made for a friend of a friend! I love word of mouth! Who needs Etsy? ;)
DeleteI love these bib/medal holders. I would love one when I get back to the states! I am going to run a few races here so I can collect a few more to fill one. :) Hope you are doing well.
ReplyDeleteI'm going to tell Ken to contact you so that he can order a new bib holder for me for my birthday! I'm also thinking that we need a pajamas and jacket hanger (probably very similar to the medal and bib holder) for Nathan's room! What do you think? See? Don't bother with th Etsy shop :)
ReplyDelete