Etsy has had a great two years. In 2020, the number of active buyers on the platform spiked after 10 years of gradual growth.

In 2021, it grew again and welcomed 15 million new buyers. From 2020 to 2021, it increased annual gross merchandise sales by 30%.

If you sell vintage or handcrafted items, start selling on Etsy in 2022. Like active buyers, active sellers have also increased.

Etsy Seller Fees

First and foremost, Etsy fees. While you can open an Etsy store for free, there are a few fees to consider.

1. Listing fee

Each new store listing costs $0.20. Each listing appears for four months (or till the product has been sold).

2. Transaction fee

You'll pay a transaction fee after a sale. At the time of writing, it was 6.5% of the sale price (including shipping).

3. Payment processing fee

The payment processing fee works out to 3% and then you’ll also need to pay $0.25 per transaction.

4. Currency conversion fee

Etsy only accepts US dollars. Sellers can sell in another currency, but they must pay a 2.5 percent currency conversion fee.

If you're willing to pay those fees and believe you'll still be able to make a profit based on your calculations, follow these steps to get started selling on Etsy:

1. Open an account

Etsy requires a seller account. Free and easy to make. Open Etsy's website and click "Open your Etsy shop"

2. Create your storefront

After opening an Etsy account, you can open a shop. First, choose your shop's language, currency, and country.

3. Upload your products

For each product you want to sell on Etsy, you'll need to create a new listing. If you're just getting started, see if you can upload 10 listings.

4. Set up billing and payment.

In addition to your bank name, account holder's name, sort code, and account number, you must indicate whether you're a business or an individual seller.

5. Design your storefront

Your Etsy products can only do so much. Create a brand. Etsy lets you customise your storefront to build your brand.