How is the etsy platform? What are its disadvantages?

Although Etsy has closed the entry channel for mainland sellers, we can choose to open a Hong Kong store. On the Etsy platform, we can sell our own products. So how about the Etsy platform?

1. How about the Etsy platform?

It is different from some popular e-commerce platforms. It is more suitable for personal entrepreneurship and novices to get started.

Platform features:

1. Huge traffic: Although there are not many sellers on the platform, the average daily traffic is very high. Not only does the average daily traffic exceed 14 million, but more than 80% of the consumer groups are young women, with huge consumption potential.

2. High profits: Thanks to the platform’s focus on handmade products and Americans’ enthusiasm for personalized products, the platform’s products have huge premium potential.

3. Low cost: Support no-source model, same-day payment, low financial pressure, no deposit, and sales commission of only 5%.

4. Simple operation: Due to the low degree of product homogeneity and small competitive pressure, you only need to do a good job of product pictures and content to greatly increase sales.

2. What are the disadvantages of the Etsy platform?

Registration on this website is free and does not require any deposit. Etsy has no restrictions and buyers from all over the country can make purchases. There is no site distinction and any product you can think of is available for sale.

At the same time, registration on Etsy is very simple. Just go to the official website and fill in the information as prompted.

It should be noted that the platform has extremely strict review of the sellers and only accepts real handmade makers. The platform may ask you for a lot of manual processes as proof.

3. Which countries does Etsy support?

Etsy officially recognizes the following countries or identities for registration:

Australia, Austria, Belgium, Bulgaria, Canada, Croatia, Cyprus, Czech Republic, Denmark, Estonia Finland, France, Germany, Greece, Hong Kong Province, Hungary, Indonesia, Ireland, Israel, Italy, Latvia, Lithuania Luxembourg, Malaysia, Malta, Mexico, Morocco, Netherlands, New Zealand, Norway, Philippines, Poland, Portugal, Romania, Singapore, Slovakia, Slovenia, South Africa, Spain, Sweden, Switzerland, Turkey, United Kingdom, United States, Vietnam.

In summary, the Etsy platform has a large amount of traffic, which is a good development opportunity for small and medium-sized enterprises. Moreover, although the Etsy platform is small, it has a high profit point.