Can Sellers Sustain Etsy Fee Hike Coming in April?

by: CenTex

I will raise prices and continue to let my buyers know about my website, which, by the way, will not have the higher prices.  
The site is so infested with resellers I doubt it will ever get cleaned up, too little too late.

by: The End

"Can Sellers Sustain Etsy Fee Hike Coming in April?"
No.

by: postbuster

More wasteful spending by clueless, and greedy executives.  They are absolutely careless.  
Their company grows 16% in a struggling economy, and their answer is to raise the fees, and expand the Non-existent support team by 20%.

So if the support team had a value of 1,  now it would be 1.2, and still suck the same way it always has.

Wasting my stolen overhead is why I don't do "business" with them anymore.

by: Rexford

Silverman is Etsy's "Walmart guy".

Little eBay lives.  Monkey see, monkey do.  And the big apes watch their stock portfolios grow while shrinking sellers' profits.

by: The End

ALSO : The people pushing stocks on TV said, today, Etsy stock was "zooming" up.
No it isn't.
Etsy is at its lowest price since 2020.
If the current CEO doesn't leave voluntarily, Etsy stock will tank unbelievably.

by: Shay

Wait,, I heard it was going up to 30% not 6%

by: Shay

I heard it was going up to 30% - same as Amazon.  I knew this was coming,  they took away the twitter account @etsyhelp and their 24/7 support when Amazon  took over.  This sucks.  

by: pennyemporium

@Shay:  i beleive posters were parsing that number, stating that a fee increase from 5% to 6.5% was a '30%' increase in that one fee.  not that ALL fees were going to 30%.  however, if you add all of etsy's seller's fees together for a widget sale (including off site ad fees)... many are saying 30% is in the neighborhood.... your mileage may vary....

by: Zigmund

"can sellers sustain price hike..? YES!
Just raise the price. NO OTHER website brings so many buyers to you like Etsy.
SO..I suggest to stop moaning and whining.
Silverman has brought to Etsy many innovations. One is Etsy Payments, which is very very efficient and smart. Your earning go straight to your bank account. No PayPal anymore. Plus many others. Walmart has nothing to do here like somebody mentioned. EVERYONE comes from somewhere. Today Silverman, tomorrow somebody else will replace him...etc. They all come from somewhere else. So again, stop whining and crying. Better go and raise your price slightly and shipping fees as well, balanced.

by: Marty2020

Learn the basics, please! 20% of 0 is still zero, even in the times of woke math.  

by: cvsharkey

 This company is unrecognizable from the company in 2007, when hand crafters & artisans could be proud to sell on the site.

by: Ophelia1

By all means raise your prices, Etsy is counting on it!  Their cut will increase sharply.Lamentably, sellers are at Etsy's mercy, unless sellers have other options, lke their own website, another marketplace (other than eBay or Bonanza), etc

by: AnotherTime

When I read the onsite announcement it did say transaction fee cost was on product and shipping--not sales tax.  I hope this correction is true!
But increased shipping along with the raised fee is going to be a real detriment to business.  
Etsy is not helping sellers in my opinion.  

by: 1 Angry Artist

Who the hell do they think they're kidding?

Truth- higher fees, less service.

Etsy does not care about the sellers.   That is a fact.

by: all in the family

Generally, etsy sellers who cheer when they bring more buyers to the site have a small business that is not based on the art and craft of handmade, nor the art of finding truly wonderful vintage items to sell.

The growing number of quick make sellers on etsy helped to create this storm, because they represent the larger block now, and can more easily adjust to increasing fees on their items. They are like the new version of Main Street. Josh loves them.

Bringing in ''new buyers'' doesn't increase sales for the most handmade, most creative and most discerning vintage sellers (certainly not as much as for the fast increasing number of cottage industry type sellers who can make a faster product).

The original Etsy admin and sellers created a reputation of a place to find and purchase a traditionally, well crafted item, and an experience to own a small piece of handmade art. Subsequently, the original sellers have watched their sales go up, then drop, mainly because etsy courts re-sellers and new buyers looking for a way to pretend they are getting something unique and ''special'' as they now call it. Yes, it's supporting small business, but there already were small businesses there that got pushed aside, after helping to build the reputation.

Of course, all small sellers are in fact legit. But they don't do well competing. And worse yet, a true art/handmade potter can't compete well against the increasing sales of foreign made mugs that are considered ''handmade'' by applying a catchy phrase on the outside. Again, I stress that both businesses are reasonable and glad we have them. They just don't belong on the same site.

This represents the overall degrading quality of items sold on etsy.

Thank you etsy for killing off your support for handmade artists. Please stop pretending you support us.