Comparing Shopify and Etsy Fees
Hello everyone, welcome back to my channel. I am Katrina and today I am going to be talking about the pros and cons of two of the largest e-commerce platforms - Etsy and Shopify. As a seller on both platforms, I am going to give you my honest opinion on the major differences and help you decide which one is best for your business.
Etsy and Shopify are two completely different platforms with their own unique features. Etsy is best for handmade goods and one-of-a-kind items, whereas Shopify is great for branding and scaling your business. Let's dive into the pros and cons of each platform.
Pros of Etsy:
- Etsy is a well-known marketplace for handmade goods with an established customer base.
- It's great for beginners as you don't have to worry about driving traffic to your site.
- You can get your first 40 listings for free with the right link.
- You can use Etsy to gain customer trust before transitioning to your own website.
- You can customize your photos and banner but can't have your own domain name.
Cons of Etsy:
- You're competing with other shop owners and listings.
- There are a lot of fees, including a 20 cent fee per listing and transaction and processing fees.
- You have to follow all the policies and guidelines set by Etsy.
- You can't brand your own website, making it harder to establish a brand identity.
Pros of Shopify:
- You have your own domain name and can customize your website to your liking.
- You can use apps to scale and market your business, such as abandoned cart and email pop-up apps.
- It's great for branding and creating a professional look for your business.
- You can integrate social media and other platforms easily.
Cons of Shopify:
- You have to drive your own traffic and sales, which can be difficult for beginners.
Etsy vs Shopify - Is Shopify the Future?
Etsy vs Shopify: Which Platform is Right for Your Online Business?
If you're looking to start an online business selling products, two of the biggest platforms you can use are Etsy and Shopify. But which one is right for you? In this article, we'll go through six different criteria to help you make the right decision based on your budget, ease of use, customizability, customer support, analytics, and long-term outlook.
- Etsy charges 20 cents per listing which lasts four months, and a transaction fee of 6.5%.
- Etsy also has a 3% plus 25 cent payment processing fee and a 12% off-site ad fee.
- Shopify charges monthly plans starting at $29 a month, and a payment processing fee of 2.9% plus 25 cents per order.
- Winner: Etsy, for lower upfront costs.
2. Ease of Use:
- Etsy has a streamlined process for making a shop, similar to signing up for any online account.
- Shopify is more involved, with a focus on how everything in your store looks and functions.
- Winner: Etsy, for simplicity and speed.
- Etsy has limited customization options, with only the ability to change your shop banner and profile picture.
- Shopify offers full control over how your shop looks and feels, with themes to choose from or the option to code your own.
- Winner: Shopify, for full customization options.
4. Customer Support:
- Both platforms offer 24/7 support through live chat, email, and phone.
- Shopify tends to be more responsive and helpful in fixing issues.
- Winner: Shopify, for more reliable and responsive support.
- Etsy offers a lot of information on traffic sources and search terms but can be tedious to navigate.
- Shopify has a user-friendly dashboard and customizable reporting options.
- Winner: Shopify, for better analytics and data visualization.
6. Long-Term Outlook:
- Etsy's biggest concern is that customers don't belong
Etsy Vs Shopify: Which Should You Choose?
Hey guys, welcome back to my channel! If you're new here, hey hey, hello! My name is Lauren. I constantly get questions about whether people should sell on Etsy or Shopify. In this video, I'll be sharing my thoughts on the matter.
- Lauren receives questions about whether to sell on Etsy or Shopify
- Lauren has experience with both platforms
- This video will discuss the pros and cons of each platform
Questions to consider:
1. Are you a beginner at selling a product?
- Recommendation: Start on Etsy
- Etsy promotes your product through their website
- Etsy has a large following with millions of shoppers
2. Do you already have a following and a strong brand built?
- Recommendation: Own website
- You'll end up paying less in fees than on Etsy
- If you have marketing purposes, owning your website is more beneficial
3. Do you plan on growing your business over a long period of time or doing this for fun?
- Recommendation: Start on Etsy, transition to own website
- Eventually building your own website is beneficial
- Allows for a more professional image
- Tools and resources are available
4. Do you want to be responsible for driving all of the traffic to your business?
- Recommendation: Etsy if you don't want to do any extra work
- Own website if you want to make more money and make money faster
- Etsy is great for beginners and those who don't want to drive traffic to their business
- Shopify or owning your website is more beneficial for those with a strong brand or marketing purposes
- Combination of both can work
- Ultimately, it depends on your goals and preferences
Question of the day: Which platform do you think you'll go with?
Thank you for watching! See you in the next video.
Etsy vs Shopify - Pros and Cons 2022 for Handmade Business
Should you have your own site or stay on Etsy?
In this video series, we'll help you make the decision of whether to have your own site or stay on Etsy. We'll share with you the pros and cons of both options.
Pros of Etsy:
- Built-in audience: Etsy has a huge audience of people who are already searching for products to buy.
- Easy to start: There are no upfront costs to set up a shop on Etsy.
- Simple sales process: To do well on Etsy, you mainly need to understand their search algorithm and use good SEO.
Cons of Etsy:
- No control over your shop: You have to play by Etsy's rules and policies.
- Unfair competition: Etsy often rewards shops that are already doing well, leading to a race to the bottom on pricing.
- Limited branding: People often remember buying from Etsy, not your specific shop, so your branding and customer loyalty may suffer.
Pros of your own site:
- Control over your site: You can control almost everything about your own site.
- Better branding: Your own site allows you to communicate your brand and create a unique experience for your customers.
- Less competition: While there will always be competition, you have more control over the degree of competition on your own site.
Cons of your own site:
- More complicated sales process: You have to worry about site design, checkout process, and marketing to drive traffic to your site.
- No built-in audience: You have to work harder to build an audience and drive traffic to your site.
- More responsibility: You are responsible for everything about your site, including security, design, and user experience.
Ultimately, the decision of whether to have your own site or stay on Etsy depends on your goals and priorities. If you're looking for an easy way to start selling online and don't mind sacrificing control and branding, Etsy may be a good option for you. But if you want to create a unique brand and have more control over your sales process, having your own site may be the better choice.
Etsy vs Shopify Fees (How Much Do They Really Cost in 2020)
Etsy vs. Shopify: Which Platform is More Expensive to Sell On?
If you're struggling to decide whether to open your shop on Etsy or Shopify, one important factor to consider is how expensive it is to sell on each platform. In this article, we'll take a look at the behind-the-scenes costs of running successful Etsy and Shopify stores to determine which platform is more expensive in the long run.
To compare the costs of selling on Etsy and Shopify, we'll look at sales and fees for the first six months of 2020.
- Sales: $18,108
- Total Fees: $4,200
- Listing Fee: $0.20 per item listed or renewed
- Transaction Fee: 5% of sale price
- Offsite Ads Fee: 12% or 15% of sale price
- Total Fees Paid: $1,072
- Sales: $19,891
- Total Fees: $898.29
- Subscription Fee: $29.99 per month
- Transaction Fee: 3.5% of sale price
- Total Fees Paid: $180 (subscription) + $714.29 (transaction) = $898.29
In this comparison, it's clear that selling on Shopify is generally less expensive than selling on Etsy. While Etsy doesn't charge a monthly subscription fee, they do take a higher cut of profits with listing and transaction fees, as well as offsite ads fees. Meanwhile, Shopify's fees are primarily based on a flat subscription fee and a lower transaction fee. Ultimately, the decision between Etsy and Shopify will depend on your individual business needs and goals.
Etsy Vs Shopify | The Difference, Fees Explained, and Why You Should Use Both
In this article, we will discuss the differences between Etsy and Shopify, and which one may be more suitable for your business.
- Etsy is a marketplace, while Shopify is a standalone ecommerce platform.
- Etsy has existing traffic, while Shopify requires you to drive your own traffic.
- Etsy charges around 8% per item sold, while Shopify charges a transaction fee based on your chosen plan.
- Etsy offers advertising on its platform, while Shopify does not.
Which One Is Right for You:
- If you have a hot product and know how to drive traffic, Shopify may be for you.
- If you haven't succeeded on Etsy, trying Shopify may not be the answer.
- To save on fees, you can drive your Etsy traffic to your Shopify store.
Understanding the differences between Etsy and Shopify can help you make the right decision for your ecommerce business. Consider your product, traffic, and fees before choosing a platform.
Etsy vs Shopify: Which is the Better Ecommerce Platform?
Etsy vs Shopify: A Comparison for Your E-Commerce Business
In this video, we will be comparing Etsy and Shopify to help you make the best decision for your e-commerce business. We will explore the differences, similarities, and use cases for each platform, including speed and ease of use, customizability, features, customer acquisition, price versus cost, limitations, and the bottom line.
Part 1: Quick Overview of Each Platform
- Etsy: a marketplace for artisanal makers, crafters, and artists to sell their creations; over 90 million active buyers in 2021
- Shopify: enables regular people to have their own website to sell online; over a million websites selling over $150 billion in 2021
Speed and Ease of Getting Started:
- Etsy: signing up for an account is quick and easy; can take just 45 minutes or less to go from sign up to sell ready
- Shopify: designing and building your site to your exact specifications and standards can take more time and thought; customization is nearly infinite
- Etsy: no real customization available to make your shop stand out; limited to changing the structure of your collection and product pages
- Shopify: can design your website any way you want; choose from dozens of themes, edit code, and brand your website your way
Features and Value Added Tools:
- Etsy: offers extra tools and features, but limited compared to Shopify; has a mobile app and paid add-ons like Etsy Plus and Pattern by Etsy
- Shopify: extensive list of built-in tools and apps, including abandoned cart recovery, integrations with social networks, a built-in blog, third-party calculated shipping rates, and more
Discoverability and Customer Acquisition:
- Etsy: existing customer base of millions already searching for unique crafts and art to buy; free traffic but you don't actually own your audience
- Shopify: more control over your marketing; built-in marketing features and apps to help drive traffic to your site, SEO tools, online marketing campaigns, and more
Price versus Cost:
- Etsy: free basic plan with a 20-cent listing fee; 3% credit card processing fee and a 25-cent charge per sale; starting in April 2022, a 6.5% transaction fee
- Shopify: basic plan for $29/month; zero transaction fee with Shopify payments; standard 2.9% credit card processing fee and a 30-cent charge per transaction
Limitations to Items You Can Sell:
- Etsy: limited to handmade goods, vintage items that are at least 20 years old, and craft supplies; most things are not allowed
- Shopify: almost everything is fair game except for a few restricted items, including illegal items in your target geographies, materials exploiting children, or copyright infringement
While Etsy may be the best option for small-scale artisanal crafters, Shopify is the clear choice for everyone else. With fewer product restrictions, more flexibility for store designs, less transaction fees, and the ability to own your brand, Shopify allows for real growth and scalability. Sign up for a free trial of Shopify to see for yourself and don't hesitate to ask any questions in the comments.
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