How do you solve a problem like Etsy fees?
Recently, Etsy decided to raise its fees from 3.5% to 5% and this now also applies to your shipping costs. It’s a real jerk move. But one must remember that they need to make money too, just way more than us little fellas.
Anyhow, jerks are gonna jerk! Here’s my issue, do I leave Etsy and upgrade my Squarespace site to be a shop? I don’t want to be impulsive on this. I’m kind of prone to make quick decisions and then I am left with dealing with my mistakes. Yes, it’s all a learning process but this is something that’s close to me. Sour is my baby! 11 years I’ve been on Etsy and only in the past 3-4 years has it been full time. I don’t want to lose what I’ve built already.
The downside to expanding my Squarespace is that I will have to drive all traffic to the shop myself. That’s pretty much what I do with Etsy anyways now because the site is oversaturated with makers and we are all yelling “Hey! Look over here at this stuff!” Some yell louder than others and have money to throw around.
The downside to staying with Etsy, they are building something I don’t like. No coincidence that after they announced the raise in fees that their stocks sky rocketed. They are buttering Etsy up for what I can only assume is going to be a buyout. Perhaps become another eBay or Amazon.
Upsides? Sure, there must be some in there somewhere. Squarespace is a yearly fee with great tools and customer service. I can design it the way I like and won’t have to pay fees for existing other than the obvious transaction fees that PayPal and Squarespace collect. Although, there wouldn’t be 0.20$ fee taken every time I add an item to my shop. As for Etsy, upsides are that I’m already established there. It’s comfortable and I know my way around. But for the most part I don’t think Sour necessarily needs it to sell.
So many questions and discussions to be had on the future of Sour and where it may go.