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The BIG Difference Between 6 and 7 figure Etsy Shops? My Journey to $1,000,000
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- Опубликовано: 15 авг 2024
- 🌲The first Etsy Profit Tracking Solution Free Trial: profittree.io/
✴️ FREE Etsy Beginners Guide: www.ecomhannah...
One of the main things I learned after 11,000 sales is that you gotta get in early, you gotta find that right product and you gotta build out your store to the fullest.
Cheers.
I agree !
pretty much....
It's never too late tho
*grabs coffee and notebook*... just want to say thanks for doing these videos and I love your manner of speaking and that you dont fall victim to a lot of the typical "youtuber mannerisms" lol Those can make otherwise great videos unwatchable. So thank you 😊
Ahhh thank you so much for the love and watching
This is fire 🔥 🔥 🔥 So many great bits of information here!
Ayyy thank you !!! 🙌🏼🙌🏼🙌🏼🙌🏼
Thank you for the accounting lecture!
I’m only commenting to help the algorithm!
For 7 , 8 or 9 digits you have to have a super duper solid team of elite players. And that’s where the deca millionaires excel!!
Hey thanks so much, your awesome
@@EcomHannah My pleasure Hannah! And yes, you’re right, I keep hearing that frequently!
I have two stores. One is mason jars on demand, and another is jewelry findings which is physical.
I am not sure what you mean
Oh my. Mind blown. I’m just two months in. Let’s hope I need this info down the road. 🎉
Awesome stuff thank you for tuning in!
What? Why would I want to get to 6 or 7 figures? Crazy talk!
Good stuff as usual.
Haha thanks for watching :]
Such an insanely good video, thank you so much for your efforts in sharing your knowledge with us!
thanks for watching :] it means so much!
Amazing video, Hannah! Thank you so much🙏🏼💖
You're so welcome! thank you for tuning in
Wow so much value I have gotten from you Hannah seriously we appreciate you!
You're so welcome!
Thank youuu ❤
Thank you !
Hello Hannah! My wife and I run an Etsy shop in which we print posters in-house. We are a 1-year old shop, star seller, and have over 5k sales. We want to expand our product line to print some of the same designs on canvas and wood banners, but we want to go the POD route for these. Does it make more sense to open a new, separate shop for these items or to just add them to our existing, established shop, in which case the same shop will contain both in house and POD items? Thank you
Go pod
Thanks girl. This was awsome 🎉
Heyyy thank you so much for tuning in
Great video again,Hannah! Just a quick question related to actual based accounting. In your cost of goods sold example, you mentioned that CoGS for the credit card is $5 and each gets sold for $10 but I didn’t get the part where you mentioned that the materials of making the credit card is $500. Can you please elaborate on that? Just wanted to understand that from the perspective of it being accounted for accrual based accounting? I just didn’t get that part, thanks.
Yes no problem, New example: So a sale of the card revenue is $10 and your cost of creating that card is $5 (packaging cost, material cost, maybe labor cost to help make the card, etc) so for that sale your COGS is $5, but let pretend for the whole month your total revenue on all sales was $1000 your cost of goods sold is now $500. But lets say in the middle of the month you were running out of materials to make more cards so you went to the store and spent another $2000 on material cost. That does not mean then at the end of the month your expenses were -$2500 it is still only -$500 since those materials are used to make the products that sold.
@@EcomHannah got it, thanks!!
@@EcomHannah one more question if you don’t mind. I listen to few Etsy seller podcasts and couple of them say they are Top 0.1% of all Etsy sellers worldwide. My question is how do they know this? Does Etsy announce this list of their Top 0.1% shops somewhere?
Love it!!!!
Thanks for watching :)
Hannah I am your fan from Oman , I have some issues with my etsy account from Oman I cant use payment method for buyer by bank like visa or master card my account only offer Paypal payment method I cant change it . does this thing will reduce my customers ? as your experience is paypal enough ?
second issue what best shirt have best selling its unisex shirt or sweatshirt or hoodies i want best selling my main customer from usa and canada also uk .
Thanks for amazing videos best of luck .
This is too much info for a beginner like me....😂.....but thanks for sharing it....keep going.....😊
Ayy sorry about that
Thank you so much
Thank you for watching :]
I got about 20 sales. When should I do an LLC?
If you intend on growing the business it is easier to get it out of the way sooner then later
Hey Hannah! Love the video! Would you be willing to share the name of the mastermind meet-up you did? Or ones you recommend? I've been looking for some to attend and would love recommendations from someone reputable like yourself 😊
Hey thank you so much! This one was called MDS, it is primarily based for Amazon but everyone nowadays is trying to get into Etsy. There is not really one for Etsy yet but we should make one fore sure. A really big Shopify one is called Geek Out
@@EcomHannah Awesome thanks Hannah, I'll check them out! And yes we need an Etsy one!! It gets lonely being an Etsy seller and having no tribe ha.
Accrual Accounting ❤️
Haha thanks for watching :]
is there a market research tool like everbee, sale samurai, alura for use with zazzle?
oo I am not sure :/
What do you sell on Etsy?
I am in the home niche and accessory niche
23:35 Don't show any credit or debit card like this.....anyone can fetch details from it......be careful.....World is so cruel....i hope you understand....😅
I thought my hand was covering the numbersss ooo nooo!
hannah may i ask you happy? looking at this vid you dont seem it, money means nothing, memories are what we seek and we hope too foril. goodluck on this money go round.
I agree! I would say I am very happy :]
is there a video you can direct me to that proves that you have had the success you claim to have had?
I have a full net profit breakdown where I explain my P and L year over year, hope this helps! But my success is just meant to inspire the real value is all the hours of free strategy and info for your own biz!
@@EcomHannah I am more so looking for the most common way to prove that you are telling the truth about your success and that is the live dashboard refresh or a recorded dashboard refresh. All of the e-commerce gurus that are actually legit do it.
mmm yea I mean I have a lot of trainings where I screen record inside my account. I really do not like the word guru haha I am just sharing back my experiences not claiming I am the best or my way is the only way to build a business, ya know. @@ezswan
@@EcomHannah ok, then I’ll call you a “teacher.”
Do you think that schools and/or other teaching opportunities would require the person claiming to be such to prove they are legit?
When people come to RUclips, and click on all of the “knowledge,” based content, they want to learn how to do something. Most of the time it has to do with ways of making money. However, they often overlook that a lot of the “teachers,” claiming to be knowledgeable have incentives from RUclips to put out as much content as possible, such as ad revenue, selling a course, etc.
The reality is that a lot of the teachers on RUclips are lying about their success without any sort of checks and balances. There is no regulation on free content that is supposed to teach people something. Which there shouldn’t. However, we are left with the issue, are they legit?
I’ve seen people follow blindly their RUclips teacher and get their accounts banned because what they were taught violates policy. I’ve seen people get tricked into thinking ecommerce is easy, going in and blowing thousands of dollars or wasting years of their life because they followed some RUclips teacher.
You claim you made 945k the first year on Etsy. This is a very bold claim. Can you direct me to live streams in which you show your dashboard live?
I mean, that is the chance you sign up for when you decide to consume free content, but I would say all the Etsy RUclipsrs I personally know, Cassiy johnson, ryan hogue, heather studio, Jesse teaches, Ecom Ninja ... do not lie about their numbers. It really is not the purpose of our content either.
The alternative I always suggest if skeptical, is do not consume free info and learn like we did without help and figure it out on your own. Which is what I had to do back when no one was sharing free info. But at least that way you can draw conclusions for yourself based on your own data you collected and not from someone else's. Check out my P&L breakdown video in my Etsy playlist also I have hours of Etsy PPC videos where its straight inside my ads account. Also I think a lot of your skepticism sounds like from you setting improper expectations so check out my "Why Etsy Sellers Fail" video, this may help.
Also you are correct business is hard and ecommerce is not easy and that is why I constantly reiterate that I am not here to sell the dream. I spent 2 years before I made any real money eating sh** basically haha. The winning here IF you are actually looking to become an entrepreneur is to 1. not give up and 2. Put your energy and time into things that will drive results! Best of luck!
Very nice video, I sell digital products and just started a POD shop because my first shop is running by itself (with help of virtual assistants) and today I got so many informations from you in this video I didn't even think about yet 😂😂😂 I'm gonna watch it again !
PS : you look very beautiful today 🫢 (more than usual, maybe it's the hair style idk 😅)
Wow thank you so so much for this love and comment! Seriously
My etsy ppc only goes to $25/day. How do I get it higher? I’m a small seller still but I hope to scale 🤍
When you set it to the max it will increase over time and also getting more clicks so launching more things and having competitive listings to get the click