Generating a passive income of $40,000 on Etsy in 2023 is an impressive goal.
Etsy may not be as huge as Ebay or Amazon, but it surely is big on its own and can make you some good revenue. Etsy is mostly for ‘handmade’ products so people there will be interested in anything that looks handmade. We started ETSY dropshipping back in 2020 as a side business for some extra income and we made around 50K in sales.
The only reason we did not scale up was because this was
just a side gig for us, as our main business is in adult but you surely can – I
will also be showing you some tips on how you can do just that and how to evade
some mistakes that we made. I will not bug you off with long useless details in
this documentation but instead I will be going straight to the point. So let’s
get started, shall we?
In this course I can provide you with all pro tips and strategies to help you achieve your goal based on successful Etsy sellers' experiences.
What is Dropshipping?
In simple
words, dropshipping is when you purchase a product from ALIEXPRESS (which is
what we will be doing) and send it directly to your customer (that purchased
your product on ETSY) without keeping it at your stock. You won’t have to get
the product yourself, and the product will be shipped directly to your
customer.
Our earnings on ETSY
This is our
earnings on ETSY.
We started doing this in late-2020 and now recently stopped doing it in 2022 so we could focus on our other adult business when we sold off our store.
Some of you may
say, but $49.9K is not that much as you also have to cut off the costs right?
Of course, however the products that we were selling were cheap and we also
used to mark our prices up to 7 TIMES
the original price that we bought it for and the good thing is – people still
bought them!
That means if we bought a product for $3 on aliexpress, then we sold it for $21 on etsy. That means you are left with a nice $18 per product that you sell. Not only that, once you are ready to start spending more you can find other products that you can sell at a higher price. For example, we also had products that we bought for $30 and sold for up to $130. That means we were earning $100 per product.
You could also buy them in wholesale or find other websites which sell
them cheaper to get a better deal but that requires you to send them yourself,
the opportunities are endless though if you wish to expand! We will show you on
what kind of products that we used to sell too so you can get an idea. Just so
you know, these products are still trending and still selling on ETSY!
Why did we stop doing this? Did the method die out?
The only reason we stopped doing this method was because we were focusing on our main business which required more attention and working around etsy was becoming too much.
At one point I stopped running ads on etsy, was doing late deliveries and not answering to customer’s questions and that’s when I realized that I cannot keep handling this project and decided to sell it off to another owner.
However, with someone having more time on his hands and making this method his
primary one I am sure you can make lots of more money on daily basis! You will
learn on how to open your own store, what products work and to sell and what to
stay away from.
Buying very LOW – selling HIGH
As I said before, we used to purchase products at $3 or less and sell them at around $21 when we started out. Once you start making more revenue, you can go on for higher products.
We also used to purchase some products at just $30 and selling
them at $130 and so on. You get the idea. We will now show you how to start
setting up your own ETSY store so you can sell these products that
works.
Below we
will show you one product that sells like HOT CAKE which we bought for around
$3 and sold for $21. Leaving us with around $17~ in profits with doing little
to no work, and no marketing.
Example from one of our sales when BUYING LOW - SELLING HIGH
Here is an
example of a product that can be found on ALIEXPRESS for just $3.65 and we sold
it on our store ON ETSY for $21. That’s about 6 TIMES more, and people loved it. The first image is
on ALIEXPRESS, second on ETSY.
What kind of products works well in ETSY?
Etsy is a
handcrafting products store, that means anything that looks handcraft works
best. You can sell other products there, and some even sell digital items
however ones that worked really well for us are mostly these;
•
Anime (Risk depends on the anime)
•
Gaming (Not that risky)
•
Movies (Kind of risky)
•
Other
products related to anime / movies and gaming.
The ETSY Drop-shipping Method
Please note that the steps are like this:
Step 2: Creating ETSY seller account
Step 3: Creating TEESPRING account and making a custom T-SHIRT (YOU WON'T BE SELLING FROM TEESPRING)
Step 4: Downloading the custom T-SHIRT you created, this is only for warming up your account. You won't be selling T-SHIRTS.
Step 5: Creating your first ETSY listing with the T-SHIRT
Step 6: Waiting 1 week to warm up your ETSY account
Step 7: Start uploading the real products to sell
Step 8: Follow instructions and tips!
You can also see the tutorial videos and follow them if lost.
Thank you!