How To Use Etsy To Fund Your Retirement

Free AI web copilot to create summaries, insights and extended knowledge, download it at here

1524

Abstract

r were the one to design the item (in the case it is an art print, t-shirt, or other printed item). There is a full list of items you can sell on Etsy’s site <a href="https://help.etsy.com/hc/en-us/articles/360024112614-What-Can-I-Sell-on-Etsy-?segment=selling">here</a>.</p><h2 id="e4b8">How Much Can You Make?</h2><p id="4f9e">With Etsy the sky is the limit on how much you can earn. (Well the sky and how much extra time you have.)</p><p id="56fd">I personally earn enough off my Etsy shops to more than cover my retirement savings. Since Etsy is a side hustle for me, I only spend a couple hours a week on my shop, and am able to put 100% of my earnings into savings for retirement. (This is great because like many other millennials I don’t have a pension plan so I need to make my own.)</p><p id="ca4e">I personally know several other Etsy sellers who were able to grow their Etsy shops large enough that they were able to leave their 9 to 5 in order to focus on their shop. Although this is rare, and took a lot of time on their part, it is possible to make six figures a year off Etsy.</p><h2 id="8c81">How Can You Start?</h2><p id="51c9">Before signing up for an account, I would first suggest you find something you would like to sell, and then see if the economics make sense. Remember that not every item makes sense as a product.</p><p id="2c5a">Take a look around on Etsy, and begin to follow shops and favorite items. Find the niche you are interested in and look at what others are selling, how much they are

Options

selling for, and begin to think about the time involved in making the items. Think about if you were to open a shop to sell a similar item. Is there a high enough profit margin for the item to cover your costs? (Don’t forget about shipping.) How much time would go into making the item, and would you be able to pay yourself for your time? You should also see if an item sells. All Etsy shops list the number of sales, so visit the shops selling these items to see how many they have sold.</p><p id="724f">Once you find your niche make your first product, and take a ton of photos. Take pictures of the product, but also of the process of making it. Etsy shoppers like to see how products are made, so adding in production images helps to sell items.</p><p id="cf33">After your first product is made, sign up for an Etsy account, and open up your shop. Choose a name for your shop, fill in your shop’s details, add a logo, and you are ready to open.</p><h2 id="f9a9">Wrapping Up</h2><p id="f651">Whether you are trying to start saving for your retirement, or retired and are looking for some extra money, Etsy can be a great option. It isn’t a get rich quick scheme, and takes time/effort, but running an Etsy shop can go a long way to helping you financially.</p><p id="a68a"><i>This article is for informational purposes only; it should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any major financial decisions.</i></p></article></body>

How To Use Etsy To Fund Your Retirement

Before diving into how you can use Etsy to help fund your retirement, you first need to know what Etsy is, and how it works. Etsy is a marketplace (just like Amazon & eBay) but instead of selling big brand goods, Etsy sells hand/home made goods that are crafted by local artists and artisans. This means that you don’t need to be a big brand to sell on Etsy, you don’t need many different products, and you also don’t need to have a lot of (or any) inventory.

This means that you can join Etsy today and start selling right away. By running a small Etsy shop, you can help fund your retirement — whether you are young and starting to save for your retirement, or are already retired and would like some extra cash.

What Types Of Products Can You Sell?

Etsy allows you to sell almost any product as long as it isn’t mass produced and machine made. This means that while you cannot drop ship items from AliExpress, you can sell anything from art prints, to garden decor, to jewelry. The only rule is that you need to have either hand made the item, or were the one to design the item (in the case it is an art print, t-shirt, or other printed item). There is a full list of items you can sell on Etsy’s site here.

How Much Can You Make?

With Etsy the sky is the limit on how much you can earn. (Well the sky and how much extra time you have.)

I personally earn enough off my Etsy shops to more than cover my retirement savings. Since Etsy is a side hustle for me, I only spend a couple hours a week on my shop, and am able to put 100% of my earnings into savings for retirement. (This is great because like many other millennials I don’t have a pension plan so I need to make my own.)

I personally know several other Etsy sellers who were able to grow their Etsy shops large enough that they were able to leave their 9 to 5 in order to focus on their shop. Although this is rare, and took a lot of time on their part, it is possible to make six figures a year off Etsy.

How Can You Start?

Before signing up for an account, I would first suggest you find something you would like to sell, and then see if the economics make sense. Remember that not every item makes sense as a product.

Take a look around on Etsy, and begin to follow shops and favorite items. Find the niche you are interested in and look at what others are selling, how much they are selling for, and begin to think about the time involved in making the items. Think about if you were to open a shop to sell a similar item. Is there a high enough profit margin for the item to cover your costs? (Don’t forget about shipping.) How much time would go into making the item, and would you be able to pay yourself for your time? You should also see if an item sells. All Etsy shops list the number of sales, so visit the shops selling these items to see how many they have sold.

Once you find your niche make your first product, and take a ton of photos. Take pictures of the product, but also of the process of making it. Etsy shoppers like to see how products are made, so adding in production images helps to sell items.

After your first product is made, sign up for an Etsy account, and open up your shop. Choose a name for your shop, fill in your shop’s details, add a logo, and you are ready to open.

Wrapping Up

Whether you are trying to start saving for your retirement, or retired and are looking for some extra money, Etsy can be a great option. It isn’t a get rich quick scheme, and takes time/effort, but running an Etsy shop can go a long way to helping you financially.

This article is for informational purposes only; it should not be considered Financial or Legal Advice. Not all information will be accurate. Consult a financial professional before making any major financial decisions.