Get your marketing done right with Sendinblue! Visit www.sendinblue.com/upflip and use the promo code SIBXUPFLIP to get your 1-month FREE test drive of Sendinblue!
Everything about this video was a college course. I felt like I was taking information in with a firehouse. Great video and a very well run company. Kudos to both of you.
what i hate about etsy is that if a customer leaves a bad review, the review sticks even if it is years old I get 1 in 100 reviews that is not 5 stars, and etsy has it pretty much pinned through all my products, a review from 2019 from a person that didnt even make sense.
there is someone behind this guy with all the machinery and the cost. No one will start a business with no sewing, no idea, just watch youtube videos. They don't tell the whole story.
This is exactly what i needed to see! I’m looking to start up an Etsy store and there’s so much knowledge in this video. Great to see someone start from the ground up and build something. And in Bellingham!! Definitely a sign for me to get going
Etsy is NOT 6.5% it's way more than that. There is the main 6.5% transaction fee then add the 4% payment processing fee plus a 20 cent listing fee for each item sold and finally another whooping 15% fee on top of all this for sales generated through Etsy's offsite ads (that you can't opt out of once you make more than 10 000$ a year). So the total can be more than 25% in fees and the minimum is 10.5%. Minus production costs, shipping and taxes and youll be lucky to pocket 1/3 of the revenue as profit
Great video! I love his setup and how he’s using commercial grade equipment to improve efficiency. I subscribed to him from the last time he was on. 1 thing though - He’s claiming Etsy fees are 6.5 %. That’s not accurate. There’s the transaction fee, the listing fee and also the payment processing fee for Etsy Payments. All together it’s more than 10% total (including fees on the shipping cost). It is definitely still cheaper than Amazon though, which is usually 15% for Handmade, 30% + if using FBA for Prime.
I love all your videos!! I take from each what I can use for my business and I don't criticize the things I don't agree with. At the end of the day, these people don't have to share, they want to share! Also, if there is incorrect information, than based on comments, I search for the right information, I don't think these people are trying to lie to us who are watching, I think they want us to be motivated by their story.
Great video but he's incorrect about the Etsy fees. They take a 6.5% + $0.2 transaction fee but there's also a 3% +$0.25 processing fee. This processing fee is already included in the Amzon and Ebay fees. So this means fees are about the same on Etsy as Ebay, and not cheaper. These fees also change based on where you're from. I'm from Belgium and for me it's a 6.5% + $0.2 transaction fee + a 4% +€0.3 processing fee + a 2.5% currency conversion fee, so a total of 13%+$0.55.
@@konesons Yes, but that's also the case with Ebay and Amazon. If they didn't do it that way people would make the item cheaper and the shipping more expensive to avoid fees.
@@konesons I think Etsy offers discounts on shipping don’t they? Not sure. Just curious to know - and whether what they charge you for shipping fees adds up to what you’d normally pay at USPS. I guess I’m asking if it actually does cost less to use Etsy labels or not.
You are awesome, Vlad. I’m a graphic designer with a UX and marketing background. For most of my life I’ve had people anxiety, something I struggle with still to this day. I’ve had trauma dealing with the public segment and always preferred working with professionals or skilled people in my field. Just never really been good at talking straight to the customer. For that reason, I’ve always been afraid of using what I know to launch on my own, knowing I’ll have to deal with the whiniest of customers. Also learning the finances and taxes part on my own. It’s unnerving and sometimes lonely trying to siphon all of the fragmented info that’s out there to understand the essentials of what I need to know to start. I’ve got my Etsy account open and a single listing on draft, still afraid to take the leap because I don’t have a concrete idea of what I really want to sell. I guess you can say I’m afraid of making money, lol! You’re very inspiring, a quick whip and nearly made me faint when you mentioned your RUclips channel. Thanks!
Just got into this channel. I've stuck with videos most relevant to the path I want to take and I've loved them. But this one had so much helpful information. I need some aspirin now because my brain hurts from all of this new knowledge.
If you buy items and don't pay taxes, to resale on etsy , how do you pay taxes on those items if etsy is who is collecting taxes? Trying to open a LLC to buy items to sell on etsy to be personalized
I think one of the questions that you are trying to ask, is how, as a future Etsy Seller, can you buy items or components of products you will be making for resale, and not pay sales tax when you buy them? The answer is, is that when you set up your business in your state, you will be accumulating various important numbers, etc. like certificate numbers, tax ID number, sales & use tax numbers, license number, business bank account numbers, etc. Then when you go to purchase items and components wholesale or similar, you will ask the business selling where to fill out the form that you will enter your business info that will show that you are eligible to not have to pay sales tax on those items. That is because those items are part of products (or a product) that you will be reselling to a customer, and therefore you (or Etsy), will be collecting sales tax at the end, from the buyer, and remitting it later to the proper sales tax authority. You don't need to have an LLC set up in order to do this. You would just need most likely, your social security number if you are a sole proprietorship. But it is best to apply online first (during your initial stages of setting up a small new business), for an EIN number with the IRS. Then you will have it when you need it to apply for business bank account, state and local business set up and taxes, wholesale accounts with vendors of the products, supplies and materials you need, etc. But remember, you can only not pay sales tax on items that you are reselling, not on items you keep for use in your business or personal use. If Etsy is collecting sales tax, then they are also paying it to the proper state agencies, what they have collected. You don't need to worry about it. I think you may just be confusing those taxes with one another. So you do not need to pay sales tax on items you will resell but you are responsible for getting the required info to the wholesale seller of the items or components you need to buy. If Etsy (or another marketplace), is collecting state sales tax for you, then they will also be paying it and you don't need to pay it because you are not the one in the transaction who is collecting it.
$60000. Would take at least 450 man hours of labor if each sale averaged about $25. and too 10 min. That would be 3000. transactions per month. One full timer person works 160 hours per month. He would have to pay 2 people besides himself. And can all three people fulfill an order every ten minutes? And he keeps no inventory. Shop looks pretty quiet to me. I think this video was made to promote Etsy and that mentoring company.
@@thetalkshop I’m super excited!! Still have some more product research to do before I mail down my final product line but I’m excited for the general public to try it
I saying this because of experience. Those kind of collars are not good for dogs either big or small. 1 they can cause a dog to get caught when in the woods or digging around my neighbors dog was trapped allday underneath the porch cause the collar caught in fencing lattice. and 2 they will cause injury to small dogs necks/ trachea when on a leash. ask a veterinarian
@@LL-ex1gp Yeap very cute! I just don’t personally use collars for my dogs, I’m a harness dog mom. We’ve never had any issues with accessorized collars for my dogs but they also don’t wander too much so there’s a market for every type of dog home situation :) I’m also not the right customer for this product but good for him! Always happy to see small businesses thrive.
Yes he is Mike!😀😀The business owner shared some really valuable information on selling on Etsy. Please let us know what other types of businesses you'd like to see featured on the channel?
@@thetalkshop Hey Vlad, thanks so much for sharing your experience and knowledge. One thing I don't understand, is how did you do the laser engraving on the collars when you just started? With only 500$? I'm kind of in the same position, rock bottom.
Realistically it’s $1,000 or more in profit. His overhead and process is reduced down by a lot compared to someone who hand makes or manufactures from china
It’s not clickbait hype, dropshipping revenues are clickbait hype. Every business looks at and discloses the revenue. Any potential business buyer that might see a more efficient process or lean method can take more money from revenue. Vlad can do all of that himself and work 13 hrs a day and take more of the revenue home, yet he doesn’t, which is completely up to him.
Looking for an app that will GPS track me during my day working on projects so that I can better manage my micro moments throughout the day. Does anybody know of a good app for this? :-)
Wow, for a billion dollar company, this is sooo wrong and greedy! All I ever read about Amazon is negative as a company, Jeff Bezos has truly forgotten that he started amazon from his home!
The reason this business is doing well is because Etsy favors his store and pushes his products. True! It’s all In their algorithms, but it’s not his shop success or anything special what he does, it’s all Etsy’s favoring your shop page.
@@sadepennbrook First off, I'm a 5 star seller on many platforms. Second, I have had off the record conversations with reps from many different platforms that told me this information. Did you know that Etsy has special department of people just to buy items from their seller? Why is that? If they can steal your vote, they can give anyone a BIG hand up. Wake up!
Здесь даже нет прикола. Обычное инфоцы*ганство. Новый тренд.... не имеет значение местонахождение. "Смотри как я из 100 рублей / 100 долларов делаю миллион выручки".
The problem with this channel is the clickbait titles with the focus on revenues. It's not what you make, it's what you get to keep...that's what matters. So why not focus on EBIDTA, and then actual net profits?....
It's completely attainable ANDRE=AS. 😀Thanks for watching. What are some of your short-term business goals and what type of company would you start if you could start any one?
So tired of all these videos featuring people making $1,000s of bills a day making this look so simple. I’d have better odds getting hit by lightning than making this kind of bread. Not as easy as they make it seem people.
I don't think the goal of this is to make it look so easy. Vlad had very humble beginnings. It's inspiring to see someone come from a $100 sewing machine to what he's doing now. Don't be so negative! 😁 you might not reach his levels of revenue but I do believe it's possible to do something like this as a full time job. It takes time and A LOT of work.
Get your marketing done right with Sendinblue! Visit www.sendinblue.com/upflip and use the promo code SIBXUPFLIP to get your 1-month FREE test drive of Sendinblue!
Omg that advert transition! 🤣💀
Vlad is wicked smart! One of THE BEST interviews on UpFlip and one of my favorite entrepreneurs presented---very inspiring!
I love this interviewer! He reads my mind with the questions.😂 Very thorough!💜
We appreciate you tuning in! Thank you! ☺️
I love the energy in this video! I’d be down for part 3 😀
Everything about this video was a college course. I felt like I was taking information in with a firehouse. Great video and a very well run company. Kudos to both of you.
what i hate about etsy is that if a customer leaves a bad review, the review sticks even if it is years old
I get 1 in 100 reviews that is not 5 stars, and etsy has it pretty much pinned through all my products, a review from 2019 from a person that didnt even make sense.
Contact them, refund their money. That small sale is not worth a poor review.
Yea, I know. It sucks. Some people just want to be toxic for the sake of being toxic.
there is someone behind this guy with all the machinery and the cost. No one will start a business with no sewing, no idea, just watch youtube videos. They don't tell the whole story.
This is exactly what i needed to see! I’m looking to start up an Etsy store and there’s so much knowledge in this video. Great to see someone start from the ground up and build something. And in Bellingham!! Definitely a sign for me to get going
Etsy is NOT 6.5% it's way more than that. There is the main 6.5% transaction fee then add the 4% payment processing fee plus a 20 cent listing fee for each item sold and finally another whooping 15% fee on top of all this for sales generated through Etsy's offsite ads (that you can't opt out of once you make more than 10 000$ a year). So the total can be more than 25% in fees and the minimum is 10.5%. Minus production costs, shipping and taxes and youll be lucky to pocket 1/3 of the revenue as profit
Thanks for sharing this! Are you also a seller from Etsy? How long have you been in the biz?
Great video! I love his setup and how he’s using commercial grade equipment to improve efficiency. I subscribed to him from the last time he was on.
1 thing though - He’s claiming Etsy fees are 6.5 %. That’s not accurate. There’s the transaction fee, the listing fee and also the payment processing fee for Etsy Payments. All together it’s more than 10% total (including fees on the shipping cost). It is definitely still cheaper than Amazon though, which is usually 15% for Handmade, 30% + if using FBA for Prime.
I love all your videos!! I take from each what I can use for my business and I don't criticize the things I don't agree with. At the end of the day, these people don't have to share, they want to share! Also, if there is incorrect information, than based on comments, I search for the right information, I don't think these people are trying to lie to us who are watching, I think they want us to be motivated by their story.
Great video but he's incorrect about the Etsy fees. They take a 6.5% + $0.2 transaction fee but there's also a 3% +$0.25 processing fee. This processing fee is already included in the Amzon and Ebay fees. So this means fees are about the same on Etsy as Ebay, and not cheaper.
These fees also change based on where you're from. I'm from Belgium and for me it's a 6.5% + $0.2 transaction fee + a 4% +€0.3 processing fee + a 2.5% currency conversion fee, so a total of 13%+$0.55.
There are also fees on shipping. You ll pay shipping and shipping transaction fees.
@@konesons Yes, but that's also the case with Ebay and Amazon. If they didn't do it that way people would make the item cheaper and the shipping more expensive to avoid fees.
@@konesons I think Etsy offers discounts on shipping don’t they? Not sure. Just curious to know - and whether what they charge you for shipping fees adds up to what you’d normally pay at USPS. I guess I’m asking if it actually does cost less to use Etsy labels or not.
Add the offsite ads fee if your item sells through their ads for another 15% and you're up to 25%
I also watch Vlad's channel. He has excellent insight.
You are awesome, Vlad. I’m a graphic designer with a UX and marketing background. For most of my life I’ve had people anxiety, something I struggle with still to this day. I’ve had trauma dealing with the public segment and always preferred working with professionals or skilled people in my field. Just never really been good at talking straight to the customer. For that reason, I’ve always been afraid of using what I know to launch on my own, knowing I’ll have to deal with the whiniest of customers. Also learning the finances and taxes part on my own. It’s unnerving and sometimes lonely trying to siphon all of the fragmented info that’s out there to understand the essentials of what I need to know to start. I’ve got my Etsy account open and a single listing on draft, still afraid to take the leap because I don’t have a concrete idea of what I really want to sell. I guess you can say I’m afraid of making money, lol! You’re very inspiring, a quick whip and nearly made me faint when you mentioned your RUclips channel. Thanks!
how's the listing, and how many!
Just got into this channel. I've stuck with videos most relevant to the path I want to take and I've loved them. But this one had so much helpful information. I need some aspirin now because my brain hurts from all of this new knowledge.
So glad you love the videos, Billy! What are you looking to get into?
Amazing energy. Great interview. Thanks
Glad you found it helpful! Hope the information propels you to new heights and success. 🚀
Always Valuable Content 💰
Thanks for watching and supporting our channel! ☺️
This guy is crushing it!
He is doing great Jamal. 😀Thank you for the comment. Would you ever sell items on Etsy?
If you buy items and don't pay taxes, to resale on etsy , how do you pay taxes on those items if etsy is who is collecting taxes? Trying to open a LLC to buy items to sell on etsy to be personalized
I think one of the questions that you are trying to ask, is how, as a future Etsy Seller, can you buy items or components of products you will be making for resale, and not pay sales tax when you buy them?
The answer is, is that when you set up your business in your state, you will be accumulating various important numbers, etc. like certificate numbers, tax ID number, sales & use tax numbers, license number, business bank account numbers, etc.
Then when you go to purchase items and components wholesale or similar, you will ask the business selling where to fill out the form that you will enter your business info that will show that you are eligible to not have to pay sales tax on those items.
That is because those items are part of products (or a product) that you will be reselling to a customer, and therefore you (or Etsy), will be collecting sales tax at the end, from the buyer, and remitting it later to the proper sales tax authority.
You don't need to have an LLC set up in order to do this.
You would just need most likely, your social security number if you are a sole proprietorship.
But it is best to apply online first (during your initial stages of setting up a small new business), for an EIN number with the IRS.
Then you will have it when you need it to apply for business bank account, state and local business set up and taxes, wholesale accounts with vendors of the products, supplies and materials you need, etc.
But remember, you can only not pay sales tax on items that you are reselling, not on items you keep for use in your business or personal use.
If Etsy is collecting sales tax, then they are also paying it to the proper state agencies, what they have collected.
You don't need to worry about it.
I think you may just be confusing those taxes with one another.
So you do not need to pay sales tax on items you will resell but you are responsible for getting the required info to the wholesale seller of the items or components you need to buy.
If Etsy (or another marketplace), is collecting state sales tax for you, then they will also be paying it and you don't need to pay it because you are not the one in the transaction who is collecting it.
@@pat4005 Wow that is one elaborated answer, thank you for the time, energy and knowledge! 🙏
You guys need to do a RUclipsr, or do YOURSELVES! You guys have frowned Big!
this was an awesome episode!!
$60000. Would take at least 450 man hours of labor if each sale averaged about $25. and too 10 min.
That would be 3000. transactions per month. One full timer person works 160 hours per month. He would have to pay 2 people besides himself. And can all three people fulfill an order every ten minutes? And he keeps no inventory. Shop looks pretty quiet to me. I think this video was made to promote Etsy and that mentoring company.
We are not affiliated with any of the parties mentioned, but thanks for sharing your thoughts! ☺️
yeah, for credibility it would be cool to hear how exactly all those manhours were executed
Launching my candle business on Etsy next month 😤👏🏾👏🏾
Thats so exciting!
@@thetalkshop I’m super excited!! Still have some more product research to do before I mail down my final product line but I’m excited for the general public to try it
awesome! I am in the same business. I have 8 sales on Etsy. Best of luck to you!
@@mcpcandlestudio3654 🙌🏾🙌🏾🙌🏾 congrats!!
Bravoo 🍾
I saying this because of experience. Those kind of collars are not good for dogs either big or small. 1 they can cause a dog to get caught when in the woods or digging around my neighbors dog was trapped allday underneath the porch cause the collar caught in fencing lattice. and 2 they will cause injury to small dogs necks/ trachea when on a leash. ask a veterinarian
Agree, harnesses or breakaway collars are much safer. With this kind of collar they should be supervised. Especially for cat collars.
I don’t use collars on my dogs but they do make good accessories like a necklace :)
@@suzanx they are adorable!
@@LL-ex1gp Yeap very cute! I just don’t personally use collars for my dogs, I’m a harness dog mom. We’ve never had any issues with accessorized collars for my dogs but they also don’t wander too much so there’s a market for every type of dog home situation :) I’m also not the right customer for this product but good for him! Always happy to see small businesses thrive.
They also make and sell dog harnesses.
Starting a single owner LLC business on etsy , how you go about paying taxes , if etsy is who collects taxes? Any help wld be much appreciated
How can we get in contact with Vlad? I have a few questions regarding Shipstation and the way he organizez his shipping area.
Great question. Vald please share.
@UCuizAyvHfa93CEuYjhaf7Iw thanks
His RUclips channel is TalkShop. Check him out there!
can you share the startup equipments?thanks
what was the name of the book?
This is amazing
Sounds like a smart guy.
Yes he is Mike!😀😀The business owner shared some really valuable information on selling on Etsy. Please let us know what other types of businesses you'd like to see featured on the channel?
I've had an etsy dog neckwear shop for a year with no sales..lol not sure how you did it.
What’s your shop name?
There are literally 2 whole videos showing you how he did it.
@@sirg_k lol 😆 that's not what I meant
@@suzanx HotdogsbySheri
He has a great RUclips channel with tons of great advice
awesome but do the employees have access to laser glasses to protect their eyes?
Yes they do, it’s a requirement, I slacked off in the video:)
@@thetalkshop Hey Vlad, thanks so much for sharing your experience and knowledge. One thing I don't understand, is how did you do the laser engraving on the collars when you just started? With only 500$? I'm kind of in the same position, rock bottom.
Bro I'm waiting Dump Truck business owners tips 🤙
I never knew Etsy was profitable Wow.
I think, these times, it is not necessary to explain what SEO is
Thanks for the feedback but some people are still not familiar with it ☺️
Real Truth $2000 revenue= $200 profit in his pocket per day.
Right rename these to profit
Realistically it’s $1,000 or more in profit. His overhead and process is reduced down by a lot compared to someone who hand makes or manufactures from china
So, is it 2k a day in sales, or 2k a day in profit?
Sales (gross revenue). All his vids focus on revenue. To me it is meaningless. It is just clickbait hype....
Regardless, it’s money 💰
@@JackSparrow-gg4vl so even if 1k profit, that’s bad?
@@Wedriveyoufly Strawman arguement...try again....
It’s not clickbait hype, dropshipping revenues are clickbait hype. Every business looks at and discloses the revenue. Any potential business buyer that might see a more efficient process or lean method can take more money from revenue. Vlad can do all of that himself and work 13 hrs a day and take more of the revenue home, yet he doesn’t, which is completely up to him.
Looking for an app that will GPS track me during my day working on projects so that I can better manage my micro moments throughout the day. Does anybody know of a good app for this? :-)
What was the book title did he recommend?
E Myth revised
Do anyone know how to get in contact with Vlad?
You can check him out here: zappylearner.mykajabi.com/the-8-formula?ref=https%3A%2F%2Fzappylearner.mykajabi.com%2Fa%2F2147566074%2Fzjso2oAn
@@UpFlipNot really any contact details there, but thanks
he says amazon fees are 15% 👀as a seller for over 5 years you may want to look closer. We've found it more in the 25-40% range --- it's crazy
Wow, for a billion dollar company, this is sooo wrong and greedy! All I ever read about Amazon is negative as a company, Jeff Bezos has truly forgotten that he started amazon from his home!
That’s a ton! 😬 I think using FBA makes it more expensive no? If you do your own fulfillment then it’s cheaper?
Yes, but you get Volume in return, and all the things that come with that. Amazon are pigs, but they can be useful.
I think re uploaded video
This is part 2 ;)
The reason this business is doing well is because Etsy favors his store and pushes his products. True! It’s all In their algorithms, but it’s not his shop success or anything special what he does, it’s all Etsy’s favoring your shop page.
Same thing with popular RUclipsrs. They basically did nothing and RUclips just made them famous. 🙄
Why do you think Etsy favors his shop? Because he makes a good product and gets good customer reviews. Lol nothing special or talented at all
@@ZackScriven Do you have a Etsy shop? If not, you shouldn't comment. If you do, How is it doing? Oh, that's right, you don't sell good products
@@Bobster986 Holy shit…just your response alone tells me you aren’t a good seller and the problem is not Etsy or this shop owner, it’s you.
@@sadepennbrook First off, I'm a 5 star seller on many platforms. Second, I have had off the record conversations with reps from many different platforms that told me this information. Did you know that Etsy has special department of people just to buy items from their seller? Why is that? If they can steal your vote, they can give anyone a BIG hand up. Wake up!
Sir please
Sir I am Indian.. my product leather jewellery hand macrame.. my product sell for you..
In the introduction he says outsourcing to China! I won’t buy anything else from him!
Is that net or sales $2k a day?
Vlad maybe Ukrainian? 😜
Yes!
We appreciate you watching Creation. 😀Would you or have you ever sold item on Etsy?
чувак зарабатывает 60к в месяц и гордится тем что купил принт за 30к. в чем прикол?
Здесь даже нет прикола. Обычное инфоцы*ганство. Новый тренд.... не имеет значение местонахождение. "Смотри как я из 100 рублей / 100 долларов делаю миллион выручки".
The problem with this channel is the clickbait titles with the focus on revenues.
It's not what you make, it's what you get to keep...that's what matters.
So why not focus on EBIDTA, and then actual net profits?....
Revenue is for the show, the profits are for the dough ;)
@@UpFlip That doesn't address my question....
@@UpFlip Then it should be "How to Sell $2,000/Day" ???!!!
My guy, are you really upset about the click bait? All the info is in the video
@@CW-ln7zt Strawman....
I want 2000dollars a day
It's completely attainable ANDRE=AS. 😀Thanks for watching. What are some of your short-term business goals and what type of company would you start if you could start any one?
Second
Thank you for watching and supporting Xboi's Cards. 😀👍Please let us know what you think of the video?
thats peanuts, most restaurants make more rev a day
Much lower margins and one of the highest rates of failure for new business'.
That sounds great to me!
$2,000/day sign me up.
@@ak-loz I'm with you. Much higher than my salary.
real low iq take, you're comparing apples to oranges jesus
So tired of all these videos featuring people making $1,000s of bills a day making this look so simple. I’d have better odds getting hit by lightning than making this kind of bread. Not as easy as they make it seem people.
I don't think the goal of this is to make it look so easy. Vlad had very humble beginnings. It's inspiring to see someone come from a $100 sewing machine to what he's doing now. Don't be so negative! 😁 you might not reach his levels of revenue but I do believe it's possible to do something like this as a full time job. It takes time and A LOT of work.
@@drewpeters6069 BS