What is Etsy?
Etsy is an e-commerce platform that supports independent manufacturers based in the United States, where handmade products or materials that can be used in the production of these products are sold in general. Etsy, which has a large user base in the international arena, also stands out with its user-friendly interface. The products offered for sale at Etsy are generally works of art, and even antique sales are possible, provided they are older than 20 years.
In today's world, besides making it easier to export a product out of the factory to other countries, the export of hundreds of kinds of hand-made products, from accessories to paintings, which we describe as handcrafted in a person's home or workshop, has become much easier. In this case, Etsy's role is undeniable. For Etsy's biggest competitors, we can say Amazon Handmade and eBay.
What Are Etsy Commissions?
As with every e-commerce platform, Etsy also has commission rates, but it is a little easier to own a store on Etsy compared to other platforms.
On Etsy, a listing commission of $ 0.20 is charged for each type of product you want to sell, and a 3.5% commission is charged for each product you sell.
Etsy by Numbers
Etsy, which had 9.3 million users in 2012, managed to increase this number to 46.35 million in 83 countries in 2019 with a steady growth every year. To talk about the number of vendors, this number reached 2.69 million in 2019 on the platform, which had 830 thousand sellers in 2012. The total number of products available on the Etsy platform was recorded as 60 million in 2019. When we say the number of users and the number of vendors, it is not necessary to mention a ratio that is equally important; As of 2015, 85% of the sellers in Etsy are female producers. In addition to the majority of the sales in the United States, 34% of the total sales are realized outside the USA. Another surprising statistic about Etsy is that 95% of total sellers run their business from home. Finally, if you ask how much money does this Etsy make; Etsy, which had a revenue of 81 million dollars in the first quarter of 2016, managed to increase this revenue to 269 million dollars in the fourth quarter of 2019.