Has Etsy Lost Its Way?

Here is mine. I did by order numbers and not revenue since I have raised prices so much since 2008. There are no stats from 2008 to till 2010 or so because of Etsy changes. 2013 was my best year and it was a slow decline because of Etsy’s numerous changes…bottoming out at 2017 with the arrive of my twins (Kids #4&5) and I am still trying to chase that 2013 high ever since :grimacing:

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Could still hit or exceed 2023 or 2022 in June-December?

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oops, I messed up and posted the wrong image showing visits instead of Orders.

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Just saw this article that I think goes with the video @joebcrafts posted.

The specific products that you sell matters, but Etsy needs to figure out how to mark their consumer territory…or if they want to be the flea market of flea markets.

Even though I complain, when I think “handmade,” I do think Etsy first. Even before a Google search.

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During the pandemic there were people who lost their jobs, primarily in food service, entertainment (movie theater, concert, sports, etc), travel, and other things related to gatherings of people.

There were also a lot of people that did not lose their jobs. Those people had discretionary funds that couldn’t be spent on dining, entertainment, or travel. Many of those people chose to spend that money on their homes (renovations, decor, home office, etc).

Once the pandemic was over, those discretionary spenders wanted to get back to traveling, sporting events, concerts, etc and they don’t need to buy more stuff. They’ve shifted to experiences.

Because there was $814,000,000,000 worth of money “created” to bail out everyone (whether they needed it or not), inflation has been rampant. The total spend is $4,000,000,000,000.

It is asinine to believe that spending on discretionary would grow just a few years into a high inflation cycle created by lots of cash infused into the economy.

It is amazing that there hasn’t been a massive crash yet… but maybe that is just because there has never been this much money created out of thin air ever. It is a ludicrous amount of money and until it gets “redistributed” inflation will only continue to stay high. Millions took a year, billions took several years, and trillions might take 5 or more.

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I have mentioned my daughter is on the crafts show circuit.

Crowds are good, sales uneven.

The number of Etsy sellers at these shows displaying their Etsy IDs are way up.

Are they making sales? Is it affecting their Etsy sales? Are they impacting other craftsmen’s sales?

At last weekend’s sale on the Harbor in Boston, higher end sellers were not having a good show on either day, Were the migrants from Etsy?

I do not know the answer to any of these questions. But I assume Etsy is not providing enough revenue for these sellers to meet their sales goals.

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wow…thought that my graph for a minute…same curve.

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