Etsy Business Model Basics: How It Works, What Purpose It Serves?

 

Etsy is one of the premier marketplaces, comparable to Amazon, best known for its longtail DIY Craft. It lists the items on sale with some transaction fee and earning a certain percentage on every item sold. It also earns from Showcase which is Etsy’s Ad program designed particularly for sellers. Etsy is a marketplace for handmade goods or an advertising business. Etsy enables sellers to create their own Etsy shops, get service support, start workshops for local crafters, get business advice or loans. Get to know more about how Etsy makes money and why are they popular.