Everyones heard of ebay but there is a new “E” word on-line that is attracting a lot of attention. Etsy.com was launched in June 2005 and within the first two years it was already a very profitable website. In 2008 it was estimated that Etsy had over 1.3 million members on its site.
So what is Etsy exactly? On Etsy, you'll find a huge selection of vintage items and home manufactured items such as candles, soaps, pottery, jewelry, apparel, gift baskets, and more. With over thirty-one categories to choose from almost anything can be found here. You won't find name brand products on Etsy, but you will find lots of unique things that can't be found anywhere else.
The way Etsy works is anyone can set up their own on-line store or sell individual items. It costs 20 cents to list an item and there is a 3.5% fee when the item sells. In 2007 Etsy reported selling 1.92 million items worth a total of $26.5 million. As of 2008 they had sold an estimated $90 million worth of items, tripling their profit from 2007.
If you have not yet checked out Etsy, go take a look around. You are guaranteed to find something unique and interesting.
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