The Struggles of Running a Small Business

TLDRRunning an Etsy shop comes with high fees and shipping costs, making it difficult to make a profit

Key insights

:money_with_wings:High fees and shipping costs make it challenging to make a profit

:chart_with_downwards_trend:Etsy fees and shipping fees can eat into profits, causing frustration

:moneybag:Considering alternative platforms, such as Shopify, to reduce fees and have more control

:handshake:Wanting to provide quality products but feeling limited by costs

:chart_with_upwards_trend:Exploring new avenues, like conventions, to increase sales and reach more customers

Q&A

Why are the fees and shipping costs so high on Etsy?

Etsy charges transaction fees and shipping fees, which eat into profits

Can you increase prices to offset the high fees?

Increasing prices may help offset the fees, but it can also deter customers

Have you considered selling on other platforms?

Yes, I am considering platforms like Shopify to reduce fees and have more control

Do you plan to continue selling on Etsy?

For now, I plan to continue selling on Etsy, but I am exploring alternative options

How do you balance quality and cost?

It's challenging to provide quality products while keeping costs down

Timestamped Summary

00:00The YouTuber discusses the struggles of running a small business, specifically an Etsy shop

06:00She shares her frustration with high fees and shipping costs on Etsy, which eat into profits

09:53The YouTuber reveals her disappointment with the amount of fees taken off her sales

11:52She contemplates opening a Shopify shop or exploring other platforms to reduce fees

12:25The YouTuber starts making mouse mats, hoping to increase sales through conventions

12:58She discovers flaws in some of the mouse mats, highlighting the challenges of production