🔒Etsy's platform control can lead to account suspension, putting your business at risk.
💰Price wars on Etsy make it difficult to charge fair prices for your products.
🚀Building a business solely on Etsy limits scalability and growth potential.
📈Driving traffic to your own website allows you to set your prices and have control over your business.
💸Scaling your business and diversifying revenue streams increases its value and profitability.
What are the risks of relying solely on Etsy for your online business?
—Etsy has control over your account and can suspend it at any time, putting your business at risk of closure. Additionally, price wars on Etsy make it difficult to charge fair prices for your products.
Why is scalability important for an online business?
—Scalability allows you to increase your business's revenue and growth potential. It enables you to reach larger audiences, expand your product offerings, and increase your profit margins.
How can driving traffic to your own website benefit your business?
—Driving traffic to your own website gives you control over the customer experience and allows you to set your prices. It also allows you to build a brand, collect customer information, and create multiple revenue streams.
Can I sell my online business in the future?
—Yes, by building a scalable and profitable online business, you increase its value and potential for sale. You can sell it for a high profit, especially if you have established multiple revenue streams and a solid customer base.
How can I learn more about building a sustainable online business?
—Watch our video on Etsy stores that are making over $11,000 a month to get ideas and strategies for building a successful online business beyond Etsy. Explore the tools and platforms we recommend to start and scale your business.
00:00Imagine building a successful business on Etsy only to have your account suspended.
01:42Etsy's platform control and price wars limit your business's scalability and profitability.
05:45Drive traffic to your own website to have control over pricing and customer information.
08:08Creating multiple revenue streams and scaling your business increases its value and potential for sale.
09:15Download our free cheat sheet for tools, strategies, and resources to build a sustainable online business.
