Why is Etsy shutting down shops?
All Etsy shops get shut down because they did not follow Etsy's selling policies. Understand that it's HARD to get shut down and you don't have to worry if you're doing things on the up and up. I know you still may worry because you hear horror stories online, but again those people weren't following the policies lol.
Why is Etsy getting boycotted?
Etsy sellers boycott fee hike on platform
Thousands of sellers on Etsy are going on strike, protesting the e-commerce platform's decision to hike transaction fees from five to 6.5 per cent. Etsy argues the fee increase will help the company invest in marketing and expand support staff.
Why are people striking against Etsy?
While the transaction fee seems to be the major gripe of sellers, it goes beyond that. Etsy can take up to 30 percent from one transaction with additional fees including the listing fee to post products on Etsy, a payment processing fee for processing payments, and a fee for offsite ads that's around 12 percent.
Why is Etsy suspending accounts?
Etsy suspends accounts when we have reason to believe our policies have been violated to help ensure the integrity of our marketplace.
Is Etsy losing sellers?
As shown in the chart below, the number of Etsy sellers has more than doubled since Q1 of 2020; the number of buyers has nearly doubled (to a staggering 89.1 million active buyers, defined as a person who made a purchase over the past year), and overall GMS has grown more than 130%.
Why are people not buying from Etsy?
People don't have enough money to shop on Etsy
And it doesn't mean that products are overpriced. The price might be absolutely right, but sometimes we just can't afford another cute thing from Etsy. These are the most common reasons why buyers might get away from an Etsy shop.
What is the Etsy strike about?
They are reselling factory-produced goods from Aliexpress or Amazon. This damages Etsy's reputation as a handmade marketplace, and hurts any shop who is selling handmade goods. Etsy keeps making promises to crack down on resellers on their platform, yet the problem persists year after year.
Why do people leave Etsy?
Overall fees
The most obvious reason why most of the sellers are deciding to leave Etsy is the number of fees you need to pay in order to sell on the platform. Fees charged to Etsy's artists and craftspeople have certainly doubled (or even tripled) over the last couple of years.
Is Etsy being boycotted?
Thousands of Etsy Sellers Are Boycotting the Platform Over High Transaction Fees. Sellers are accusing Etsy of “pandemic profiteering” after the company announced a 30% fee increase.
Can I open a new Etsy shop after suspended?
Can You Open A Second Shop If You Are Permanently Suspended? Unfortunately, you can't. As Etsy states, “If your account is permanently suspended from selling on Etsy, you're not allowed to buy or sell on Etsy, or create a new account to buy or sell on Etsy.”
Is Etsy worth it in 2022?
Selling on Etsy is worth it in 2022 because it's one of the quickest, cheapest, and easiest ways to get your handmade products online and hooked up with a shopping cart function. It's also a low-risk option when compared to building a website.
Why are Etsy sales down 2022?
Both online and offline retail companies have taken a significant hit in recent months as US consumer retail spending has slipped. E-commerce stocks, such as Etsy (NASDAQ:ETSY), fell faster during the beginning of 2022 as the sharp rise in interest rates lowered the discounted value of its expected future cash flow.
Why not to sell on Etsy?
One of the biggest complaints sellers have about Etsy is the number of fees you have to pay to sell on the platform. Each item is subject to a listing fee, a transaction fee, and a payment processing fee.
Are sales down on Etsy 2022?
Summary. Etsy has lost tremendous value in 2022 amid rising interest rates and falling retail sales. Consumer-leading economic data suggests spending will continue to fall in 2023, and holiday sales may be weaker than expected.
Does Etsy have a future?
Taking into account the latest annual results, the most recent consensus for Etsy from 17 analysts is for revenues of US$2.78b in 2022 which, if met, would be a decent 19% future growth.
Why thousands of Etsy sellers are on strike?
As well as anger about the increased fees, Etsy vendors are also opposing other changes, which they argue have cheapened the brand and eaten into their profits. Sellers with an Etsy turnover of more than $10,000 a year are charged an extra mandatory 12% fee for offsite marketing.
Does Etsy track your IP address?
We obtain location information you provide in your profile or your IP address. With your consent, we may also determine location by using other information from your device, such as precise location information from GPS or information about wireless networks or cell towers near your mobile device.
How long does Etsy suspension last?
The consequence is immediate suspension for 30 days. Your shop will be closed during the suspension period. When the shop reopens, Etsy will permanently ban your selling privileges on Etsy. You can't recover selling privileges after being banned by Etsy forever.
What sells best on Etsy 2022?
Let's look at the most successful product categories for Etsy in 2022 and some creative product options for your online store. From jaw-dropping jewelry items to selling candles.
…
Art & Collectibles: Sell Prints on Etsy
- Fiber Arts.
- Ceramics.
- Posters.
- Sculptures.
- Paintings.
- Photography Prints.
- Templates.
- POD Designs.
What are the disadvantages of Etsy?
Now let's take a look at some of the “cons” that you might encounter.
- Loyalty And Brand Image Issues. …
- Increased Competition. …
- Marketing Expectations Trap. …
- SEO Expectations. …
- Fees: They Do Add Up! …
- Everything On Etsy Is Handmade . . . Or Not? …
- The Price Downward Spiral – Be Careful! …
- Lack Of Control.
Is it worth it to sell on Etsy 2022?
Selling on Etsy is worth it in 2022 because it's one of the quickest, cheapest, and easiest ways to get your handmade products online and hooked up with a shopping cart function. It's also a low-risk option when compared to building a website.
Why is Etsy falling?
The main factor was souring investor attitudes about global growth. The IMF lowered its 2023 forecast thanks to several major economic pressures, including inflation, a weakening U.S. economy, and the war in Ukraine. Many tech stocks declined on a day when the global growth outlook darkened.
Is Etsy still popular in 2022?
According to Etsy statistics, the platform will remain a popular and successful platform for online shopping in 2022. Sellers on Etsy need to be aware of Etsy stats and stay on top of trends to attract buyers.
Can you have 2 accounts on Etsy?
No, to open a second shop on Etsy, you'll need to register for a new account with another email address. This is because each Etsy account can only have one shop and one email address at a time.
Can people see your search history on Etsy?
Your recently viewed items are only visible to you, but you can clear them at any time.