Tuesday, March 4, 2008

My Two Week Etsy Experiment

Selling on etsy isn't terribly hard or expensive, its just infrequent and random ;)

A conversation that mentioned Top Sellers (1000 plus) in my glass group got me to thinking. We were talking about how those people are very frequent posters. Think 15- 20 items a day.

And when you consider the saturation on Etsy, especially in the jewelry categories, this makes perfect sense because its staggers you throughout the day.

It is an investment though. Etsy charges 20cents per listing, so you are looking at $3-5 dollars a day depending.

So Ive developed a bit of an experiment, a spreadsheet geeks dream ;)

My two week experiment will involve tracking my sales, store hearts, whether re-listing works and ratio to past sale frequency.I thought it might be something that you fellow etsyians, and capitalists, would enjoy following with me.

I have a ton of stock right now, and a lot of varied price ranges, from jewelry & handmade supplies to plates and winestoppers.
Something for everyone is what I'm hoping for. So Im hoping to cover the etsyland map and see where 2 weeks gets me!

Beginning Thurs March 6rd, I will be listing 15 items a day from 10am - 10pm in an effort to see if there is a link between constant store updates and millions of dollars flowing through!

My schedule is as follows:

10am New Listing
11am Re-listing
12pm:Top & Bottom of Hour
1pm: Middle & Bottom of Hour
2pm: New Listing
3pm: Re-listing
4pm: OFF
5pm: Re-listing
6pm: New Listing
7pm: Top & Bottom of Hour
8pm: Middle & Bottom of Hour
9pm: OFF
10pm: New Listing

I will be keeping the most detailed, daily records of this to see if it works and posting it to this blog for people interested in the outcome.. And I'm not going to be a freak and not leave my house so I can keep this schedule. Just most importantly, 15 a day and I will try my hardest to keep to it for scientific purposes ;)

Actually, if it works, I'm probably going to Costa Rica ;)
Wish me luck!

There is NOTHING more an artist wants then to life from the art they create!

Cheers to that!


Tizzalicious said...

That's very interesting! I wonder how it'll work out!

Made By Tammy said...

I'll be watching and reading! Good Luck! I believe your findings to be true...
Tammy :)

prettycheapjewelry said...

Yes, I've seen others do this research in the forums. Actually, you are amazingly organized and business oriented on this. (I wouldn't have thought it through so smartly!). Let us know please what happens.

Jewelry on Etsy Team said...

Is this in YOUR time zone? I guess it would be, I have a hard time seeing you up @ 10 am Etsy time!

Beadiful Designs said...

Sounds great Tara! Can't wait to see the results.

wzgirl said...

OMGosh, TNT - If anyone can do this, it is you!!

Young said...

So you will be chained to your computer??! HHHMMMM

Young said...

That was me jmcdesigns

Combustion Glassworks said...

Thanks for all the support you guys!

I know this is going to be crazy as hell, im just hoping its as wildly profitable as it is my new ball and chain, hahahha!

MorganAlexaDesigns said...

Tara, Sounds like a real undertaking and it will be interesting to see your results. I hope you sell a s**tload of items!

monamigreetings said...

This sounds really exciting!
Wishing you lots of success :)

Combustion Glassworks said...

i do too! thanks Morganalexa!

thank you Monami!

La Pomme said...

Good luck! Will be chcking in here regularly to see how it's going.

Etsy Blabbler said...

This is very awesome of you! And hopefully your hard work pays off. It will be nice to see what comes of it and might help other sellers in the long run too. Thank you for doing this =)


Jodie said...

Watching with interest.

Margaret said...

Thanks for sharing this!! I'll be following you :)

Angela Morgan said...

I'm very interested in your outcome and will be following your progress.


fun_is_always_in_style said...

Thanks for sharing the blow-by-blow. I'll be looking in!

Combustion Glassworks said...

i love you guys so much!

it really helps to know that people are watching and that it could really affect all of our etsy businesses!

LoriDelisle said...

I'm excited to see your findings!

artworkbyimelda said...

I'm rootin' for you!!

Anonymous said...

fabulous experiment and such commitment. I am really curious to see your results. Remember to drink lots of fluids!