You’re the first Etsy KZreadr I’ve found that talks about barrier to entry. My son is an economist and he says if the barrier to entry to too low the business is on a trajectory to fail, the lower the barrier, the sooner it will fail. This is so important to understand at the beginning before an entrepreneur makes their first move

@agnieszkakarowicz8562

Жыл бұрын

Not the business is going to fail but the weakest elements of it. These will for sure and very quickly. They actually fall each month. It's easy to start - easy to end with debt (or at least lost time) business. You must start hard to stay here.

@souravsingh48

Жыл бұрын

Care to explain more?

@beagrateful431

Жыл бұрын

@@souravsingh48 if the barrier is low the competition will grow at a pace that will be too difficult to keep up with. It is a good thing when a business model has startup costs and/or requires special education because it keeps the competition from taking over. This is especially important since we now have a global economy due to the internet. When starting a digital download shop (as an example) you have the entire world as your competition - anyone can create a digital download from anywhere. When you sell something physical, it’s more work but now only others in the US are your competitors. Anyway, I’ve come to see barriers as good things in business- you want to go with a business model that isn’t easy to start or run for long term success

@servandosanchez780

Жыл бұрын

@@beagrateful431 This is why it is important to build brands not just a business. People will pay more, sometimes a premium, for your products and services when they align with your story and message. Even if the quality is the same as "competitors".

@beagrateful431

Жыл бұрын

@@servandosanchez780 yes, exactly

The 9 Etsy Shop Ideas: 1. 3D Printed Cookie Cutters 2. Resume Templates 3. Bridesmaid & Groomsmen Boxes 4. Pet Portrait Prints 5. Gender Reveal Decorations 6. Instagram Highlight Covers 7. Map Prints 8. Nursery Decor

@sofaism

Жыл бұрын

~9

@courtlandstavley6178

Жыл бұрын

Bonus one was : Embroidery kits

@cleverestx

Жыл бұрын

Now if I could just get someone to send me a great 3D printing idea that is original, and send it personally, without sharing it online, lol

@charliemontana7343

Жыл бұрын

@@courtlandstavley6178 nnnnn,,,,,,,,,,,,,,,,,n,n,,,,?m, ¹1

@jodyhakala-ristow7014

Жыл бұрын

I purchased cookie cutters and spent wayy, way too much money. I got them and was shocked they were 3D plastic. A few didnt work very well but if I made thin cookie it was alright. Again they were quite a bit in hind sight. I only used them once and had them for long time....personally they made a lot of money off me. ha ha

Just a small technicality: if startup cost is low, it should get a *higher* star rating 😅 Same with skills required: low skill required = higher star rating

@TheRagingUnprofessional

Жыл бұрын

I thought I was the only one that noticed the inverted rating system for the top two, but I watched and listened carefully and got the gist of what he was trying to say. Great video, nonetheless! Ty for mentioning this, thought I was goin crazy lolol

@edkayan

Жыл бұрын

@@TheRagingUnprofessional But then I thought: if costs and skills required are low, then more ppl would do it = more competition, harder to distinguish yourself = actually a bad thing! But agreed, we all get the gist of what he’s trying to say 😅

@dseph7852

Жыл бұрын

This skills rating I have no idea which way it's going lol

@assumptionsoup

Жыл бұрын

This was driving me crazy

@tralfazy

Жыл бұрын

@@TheRagingUnprofessional Yes, we are all conditioned to see 5 stars as the best and 1 star as the worst. It would be better if the chart was labeled if done in reverse like that.

“The pessimist sees difficulty in every opportunity. The optimist sees opportunity in every difficulty." - Winston Churchill $$

Tim, I want to say you are such an inspiration! I've started watching your videos since you started uploading and I get a lot of encouragement from your videos and yet I still haven't started my shop haha I'll keep planning and going to your videos for a boost up! Thank you for another great video!

Just subscribed. I like your straight-to-the-point presentation, cool, calm, and collected demeanor, and your knowledge. You obviously do your research and share information in a relatable way. Thanks so much! Look forward to using this info and see what I can do on Etsy.

@johngrace763

Жыл бұрын

**Thanks for watching👆 send a direct message at the above number for more enlightement *

Wow you popped up on my feeds and you're really inspiring to watch! Have subscribed! Really love how you broke all these 9 niches down and how possible it is to start an Etsy shop. I'm a beginner seller on Amazon and really enjoying what other possibilities there are on the internet to make passive income. Have watched your other videos about how you started your sticker business and what you make on youtube etc and will keep watching. Thank you so much for sharing your knowledge! I'm really grateful for people like you! 😊

@starryeye3482

Жыл бұрын

@🆆hatsapp me 𖧷⓷⓷⓻⓹⓵⓵⓸⓷⓶⓼⓻ sorry I'm abit confused. Do you mean ask for Jim using this what's app etc?

You have inspired me so much! Thank you for blowing the cap off of my limited way of thinking of going about business, money and possibility! Thank you!

So glad I've found u! I'm planning to start my etsy shop and these are the most helpful videos I've seen I'd love to see your takes on sometging another than buisness just because of your geniuine vibe ♥️ much love and blessings 2 u

Hey just wanted to fill in here. I make candles and will soon move on to soap among other things. To fill in costs to get started, there's testing involved, which can take some time to get the hang of. Between filing for my LLC and Trademark, that was a cost of $500 combined, plus another $500-$1000 for materials to make the products. Not to deter anyone, but it definitely costs way more than people let on. By far, not passive, I make all of the design work on Photoshop. I use Avery label to make the tampletes for printing labels and can either print them on sticker paper at home or have the company print and mail.

@samanthaanderson1281

Жыл бұрын

I came here to say this. As a candle/ bath bomb maker, it takes MONTHS to perfect your formulas and costs into the thousands to really get products going. Best of luck for growth in your business! 😊

@thedoubleboiler6971

Жыл бұрын

@@samanthaanderson1281 Yes, thank you for mentioning. It took me about 6 months to get it down and when I look back on cost... It was realistically more around $3000 for everything. In short.. NOT cheap and VERY time consuming. For anyone reading. Thank you so much and I wish you the best of luck in your business also!

@ciarag5292

Жыл бұрын

Totally, it's a lot more expensive than I thought it would be (just candles here) and I've been working on wicking for over a year now. 🤣

very cool vid! One minor suggestion is that you might want to reverse how you did the stars. That would be more intuitive to me at least (i.e. 5 stars means it's easy and everyone can try, 1 star means big barrier to entry)

Loved this video ! One thing you said about always learning and things might be easier than you think sometimes....like the pet portraits. I have dabbled in it a little. I have used Photoshop for years (self taught) and you really dont even have to draw these pet portraits. Learning skills on photoshop is amazing watching tutorials on KZread ! Great video man! I have the problem of always trying new things and not picking one and just going for it ! I just need to jump ! Haha Because one thing I have in my head might not work out but I wont know unless I try and then maybe try something else :)

Like your videos especially the one on Etsy shops vs expectations. Although our shop has cut back about 25% from last year we still are fans of selling on Etsy yet we do realize that fees start to add up. As one of the original shops that sold Stickers before the big explosion clearing 3 to 400,000 a year we replicated a brand new shop not having any entry on the Etsy market about six months ago and was able to bring the sales to about 20% of where we are now within six months. It takes a lot of patience but I think your videos are extremely well done and directly to the point

@TimKoa

Жыл бұрын

Derek! Huge fan of the channel! I picked up my Roland + Graphtec after watching a ton of your videos so thanks for that! Sounds like you're still pulling in some really amazing numbers. But yeah from what I've been hearing, a lot of shops have been cut back from last year. I think it just goes with what's happening with the economy right now.

@printshoptalk

Жыл бұрын

@@TimKoa that’s so funny because I think I have watched almost all your videos i think 🤣 Great content clean and packed with knowledge.

@Michealtravel

Жыл бұрын

@@TimKoa hello do you have ideals where to find clients as an artist that can draw ✍️?

@BS-detector

Жыл бұрын

@@MichealtravelThere are lots of ways to market yourself, but first you have to know who your potential clients would be based on what kind of drawing you do. If you haven't already, maybe try putting together a few videos of yourself drawing and post them everywhere to get an idea of the demographics from the comments you get. When I was first starting out, most of my clients were friends & family and I built my portfolio from there. Learn how to brand yourself...google and learn everything you can about creating a brand and I wish you the best of luck!

@haoyingjin4450

11 ай бұрын

I'm really curious how shops are able to make money with Amazon selling 100-piece sticker pack for $8

Very good video! I love how you show the breakdown of each niche! ✌️

What a video bro! Can't thank you enough! Thank you so much you made life so much easier!

Another great video Tim! Staying curious and finding inspiration from unlikely sources are great practices for entrepreneurs! I really enjoyed the way you breakdown each option! I have definitely had ideas that are just not practical to pursue- gotta balance the excitement with realism😄

This is a good informative video. As someone else says further down on the comments, Part 2 needs to be how to promote and advertise these shops effectively

This was such an awesome video Tim! Thanks for sharing!

Great stuff. I especially like how you have a realistic rating system for difficulty bs the standard click-bait approach of "how to make millions on Etsy in your sleep". Thank you for the work you put into this.

Amazing how much revenue these shops can make, very inspiring 🙏🏻

Appreciate your research and your delivery is superb!! Thank you so much for sharing the ratings, analytics, and your insights!

Thanks for this great video! I’m making sticker sheets but always want to explore more possibilities.

You have to think about being business consultant, you have a pretty way of convincing people, and you attract their attention to hear you... 👏

@johngrace763

Жыл бұрын

**Thanks for watching👆 send a direct message at the above number for more enlightement *

So informative! Thank you for straightforward and informative content

I love ur videos.. just found your chanel this morning as i was drinking coffee. 😀 feeling very inspired now 😅

This is such a 💡 video full of ideas and possibilities..🙌🏼

Love the relatability factor that you plug out in the first minute.

This is too good Tim. I love these ideas, you elaborate each very well.

@johngrace763

Жыл бұрын

**Thanks for watching👆 send a direct message at the above number for more enlightement *

I just found your channel, few things. Your energy on these videos is on point, not too much, not too little. Also you are super detailed and very informative. I'm learning a ton and I'm sharing with some of the young people in my life that are at a point where they don't know what to do with themselves. This type of lifestyle gives people an opportunity to think outside the box and do something different, whether it's as a full-time or a part-time. Thank you for sharing your research and knowledge, and keep up the good work.

hey, you are rly cool and the last, you having fun with try stuff out and improve urself and getting better and better is like a hobby. my heart felt warm hearing this :D

I'm curious if you use other social media to drive your sales to your etsy shop. I've seen small etsy businesses blow up overnight on TikTok. Even just doing order packing videos might gain additional traffic. Just a thought. But thank you for this video; I stalk youtube waiting for your content because I find it so valuable and inspiring. Thank you!

I love your videos, always great information and advice. Many thanks 🙏💕

@TimKoa

Жыл бұрын

Thanks for watching!

wow that was one of the best vids ive seen, i normally get bored with watching these, well done sir, ive got to a 100 sales but its stayed like that for the last year, so i would love to see your advice on refreshing a shop to get more sales again

Brilliant and very inspiring! Thank you for sharing your valuable research!

@johngrace763

Жыл бұрын

**Thanks for watching👆 send a direct message at the above number for more enlightement *

I like the way that you rate everything business model on three different category. It really is very practical and easy to understand

I have a soap and candle company.I learned both crafts by my mother who made soaps and candles my entire life! I used to spend my summers helping her. I established my company back in 2001 when my mother handed me her recipe books. I feel so blessed. I have an Etsy,a Shopify and an Amazon hand crafted account. I do A LOT of events and marketplaces to get my name out there, & that does help to drive traffic to each site. 👍😁 publicly

@beachlife4704

Жыл бұрын

Do you make all of the soaps and candles yourself or do you have employees?

@dianaearich6523

Жыл бұрын

@@beachlife4704 its a family affair. My two daughters assist in the business. having their help is a blessing.

@beachlife4704

Жыл бұрын

@@dianaearich6523 Very cool.

I had no idea embroidery kits were that popular! I started an embroidery shop on Etsy but the turn around time took me too long. I wonder if I should start selling kits 🤔 thanks for the video!

Thanks for sharing your research. More videos about what others are succeeding in to help give newbies a path to start would be great.

Hi Tim, great video! I´d love to start the cookie cutter idea, I was thinking about something similar (baking moulds) since years! But I am too afraid to start, because honestly I dont think thats a niche :D I think there are already a lot of people doing it and doing a great job.

Thank you for all this info. Just what I was looking for

I love your videos! So inspiring! Thank you!!!

One of the best esty videos out there!

Thanks Tim for this informative video.

first , love your video insipred me to open up my etsy shop!

What an amazing video. SO informative! Thank you so much!

Thank you for the idea brother!

I like how you maintain the smile and sell Etsy to us all!!

I do handmade soaps and candles and it's really not that expensive. Moral to the story is you want your candles to smell extremely well you may have to put a dab more of scent into it. As for the soap you want to make sure that it's good quality soap. It's always nice to throw in something that is a form of an exfoliator and one or more that is something that will moisturize your skin as well. It really doesn't cost that much and all it takes is about 4 months to become somewhat of an expert. It takes time and patience and if you take your time and pay attention to all that you're doing I can promise you you will prevail and your money will be coming in. Beware there is a lot of competition out there so don't be stingy when it comes to doing the very best you can because after all you want to be the best out there don't you?

@andersnielsen6044

Жыл бұрын

Wtf.. My soap has only one purpose and that is to make me clean.

I really enjoyed your video 😊 you’re easy to watch and have a nice personality 👍🏽

Thank you brother!! Really helpful 🎉

Very good content, I appreciate. Thanks!

Great Information! Thank you for the video.

Thanks Tim, very informative and useful.

Thanks Tim, really liked the idea of review raffles in other vid.

So helpful! Love the genuine and friendly vibes, thank you

Great video man, thanks for sharing

You come across really genuine - an important trait to have. Thank you for the amazing shares, I wish your channel every success - another sub incoming :)

Thank you for the ideas Tim!

Making planners should have been on this list. Good video.

Very informative and inspiring!

Really inspirational. Thanks so much.

Never thought to sell graphics for social media, that’s super smart! The maps are cool too, makes me wanna design stuff for specific states now.

Thanks for giving me ideas for my Etsy store I will make alot of money Love u 😘💕

You gave really nice insights!! Thank you for sharing your ideas!

@TimKoa

Жыл бұрын

Thanks for watching!

Your videos inspire me. Thank you!

awesome research and tips!

So inspiring! Thank you and thanks to the KZread algorithm! Subbed :)

@johngrace763

Жыл бұрын

**Thanks for watching👆 send a direct message at the above number for more enlightement *

something i think to keep in mind with 3d printing i think is also just the amount of time it takes to print something, it can take several hours to print something small which isnt as big a deal given you dont have to do much while its printing but its not as easily scalable as other businesses, like you'd have to get a whole extra printer just to make 1 extra unit at a time

@xXx_Regulus_xXx

5 ай бұрын

not exactly true, as long as the object you're printing is smaller than the surface you're printing on, you can absolutely print more than one. you don't make an entire sheet of cookie dough just to cut out one cookie, and it's similar with 3d printing. once you've got the object modeled in software, you can tell your printer to print more than one at a time next to each other. It still takes longer than printing one, but you reduce the amount of time setting up and removing the object in between prints.

Great informative video! Nice that you're Canadian too so you know the Canadian market. I live in B.C.

Earned my sub. Well presented brother.

Love you for this

Another awesome video, THANK YOU!

@TimKoa

Жыл бұрын

Thanks for watching!

Wow you really are passionate in researching. Thank you very informed. Wish I was more computer savvy.

Taking notes 📝 hopefully I'll open my shop in 2023 🙏

Great video and cool keyboard :)

What video editing softeware are you using?

Your a true gem👍 just subscribed🎉

Most of the nursery stuff can be made on a cricut machine.... i paid 150 quid for my machine from local ad , to see if i could master it before buying brand new... it can be used to cut things out, write in caligraphy ... add ons include mug press and t shirt press.... cricut fab for starter hustles

it was 12:10 for me. liked & subscribed. thank you for this content!

Can you talk about advertising costs? Because I'm pretty sure these shops don't become visible and popular just by creating them and putting them out there, that's generally not how online commerce works! The market, no matter which one you enter, is saturated and finding a way to stand out and/or tweak the algorithm is a MUST. What did you do to get seen and how much did you spend?.

Thank you for sharing...that's kind from you

Staying curious . . . yes! ty, T.K.!

I am making coloring pages and sold a few coloring books on Amazon KDP, but I also am now trying to put up more coloring pages on my Etsy shop as well. 😊 No sales yet but I am hopeful.

Really interesting video. Thank you Tim. Would really like to see you reviewing some shop and give us your feedback.

Thank you, great video 💕

I really like the way you explain everything. Very clear and understandable. I'm not an etsy seller though I have one active account there. But looking at your video made me think how fun the businesses that you showed here. Looks easy and feasible though they're not..

There is no way anyone is making genuine custom pet art with that many sales unless they have a massive team of artists. It's most likely some automatic conversion process that takes the photograph to make the art.

@y2a774

Жыл бұрын

its an image trace on adobe illustrator, its quite quick.

@BexEtcArt

Жыл бұрын

@@y2a774 so not art then … tracing lol

@cj2k867

Жыл бұрын

art is subjective so yes its art. doesn't matter if it's tracing or just coloring in something. art has a wide spectrum

@gotworc

Жыл бұрын

@@y2a774 also you can use Photoshop to make photos to look like they're real paintings

@Devorantem

Жыл бұрын

Jordan Shaffer Once you've streamlined your process, it's actually quite easy and simple to churn out pretty high quality portraits in 30 minutes to an hour of work. Sure, as a beginner a portrait is gonna take hours and the quality is gonna suck. It's about practice, then refining it to speed up. Not that unbelievable.

Amazing content!

Really appreciated that you didn't do the typical ones.

@johngrace763

Жыл бұрын

**Thanks for watching👆 send a direct message at the above number for more enlightement *

Great Content Thanks

Such a wealth of information so well-presented. You are a very engaging speaker and so upbeat. I think I’ll give my Etsy shop a revamp and a second chance. Thanks for the inspiration, Tim!

Gracias por compartir . En ocasiones es muy evidente el tipo de negocio y nos parece que es tan sencillo que muchos ya lo hacen, pero resulta que podría ser una gran idea. Otras veces, hay una barrera que nos parece insalvable, pero con el tiempo esa barrera es nuestra salvación contra la competencia. Gracias de nuevo.

Thank you so much for sharing ❤ 10/10

Much respect, your Ali Abdaal thumbnail game is on point.

Thank you truly!!

Veery very sympathetic. Thank you

Thank you very informative

why didn't i discover your channel years ago?! Your content is insane!

Hi Tim, I really like your videos and was wondering, would you say that Etsy is a market more for Americans and Canadians? I live in Europe and was thinking about maybe starting an Etsy shop but I'm unsure since I live in Europe. I guess if you sell printables it doesn't matter where you live but was thinking more of stationery and tote bags.

Very good information !