It’s safe to say the pandemic has had a change on the working landscape in America. From working freelance to setting up or prioritizing a small business, there has been a spark in the desire for individuals to become their own bosses.
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30-Year-Old Woman Earns $3K A Month With This Side Hustle
Grete Somermaa told ToolTester that she first started her side hustle in March 2020, when her family had to close down their family-run restaurant as a response to the pandemic. With a family to provide for Grete set up an online business selling digital downloads on Etsy, which allowed her to stay at home whilst earning an income.
Since then Grete's monthly revenue has been around $3000, with the majority of her customers being from the US. In just two years Grete has made over $100k in revenue and now has three shops.
Grete’s Tips And Tricks On How To Get Started With An Etsy Business
Speaking exclusively to Tooltester, Grete explains the things she wishes she knew before starting her online business.
“It’s a very beginner-friendly way to start your online business. Everything is already done for you. You don’t need to worry about web design, product delivery, etc. Plus, it’s only 20 cents to list a product and you pay any other fees when you make a sale.”
“Just put your listings up! You can always change your titles, tags, descriptions, and listing photos at a later day. Take constructive feedback from your customers and improve your products as you go!”
“There are a couple of reasons. Firstly, Etsy is a platform, and they own your shop, not you. They could shut down your shop tomorrow (fortunately it doesn’t happen very often - but still be aware!). And secondly, when you decide to open your own website eventually, you can bring your Etsy customers with you.”
“When I got my first 1-star review, I was pretty devastated, and I thought this was the end of my shop. But I soon realized it happens with every business. Do your best to solve the issue and if it’s not possible, give a refund and move on. You just can’t please everyone and that’s okay!”
“Selling digital products on Etsy really changed my life and thoughts about making money. We’re often told money doesn’t grow on trees, but it actually does. Nowadays there are so many opportunities to make money online - you just have to look around and get started!”
Which Etsy Products Have The Biggest Gap In The Market?
According to Business of Apps, 89 million people are active buyers on Etsy, generating a $2.32 billion revenue in 2022, a 34% year-on-year increase. However, it’s vital there is demand for the product you want to sell online.
If you’re considering the ‘Arts & Collectibles’ retail space you should consider painting supplies or framing supplies. Painting supplies were the most sought-after product in this category with a monthly search volume of over 823,000 but less than 160,000 products on the platform, indicating a market gap between supply and demand.
About Tooltester
Tooltester is a site builder comparison website with the aim to help people create their own websites – without them having to write a single line of code. The site gives unbiased and honest reviews on the best website-building tools available.
