Giter Club home page Giter Club logo

pre-launching-insights-for-a-handmade-product-on-etsy's Introduction

MARKET INSIGHTS FOR AN ETSY STORE (prelaunching steps)

Context & purposes:

  • Quick market reseach for (house/architecture) painting products for an online shop (entity in Germany).
  • Product characteristics: handmade, maybe digital or painting on paper, based on real life house/architecture photo
  • Finding the trends and nessesary information focus on products and prices on Etsy, the biggest hand-made market available now.

Questions

  • In categories of art/painting, what type of painting is popular?
  • What tags are most searched?
  • How fast a store can be (revenues from released date of the product)?
  • Popular range of prices for the product?
  • What do successful stores have in common?

Insights found

After doing the analysis, there are some conclusion as below:

  • Price: for the well performed stores, the most popular is €30-€41, following by €17-€25. The cheapest price should be €10, but lowring your price will not make your product more appealing, and it does not help to boost more favorites/sales/reviews.

  • Categories of painting from photo is still favorable on the market (Etsy)

  • Demand for house painting is not high, showing increase during Oct - Nov - Dec, and may be in September and March

  • High competitive in 2022: about 25% of stores starting to have revenues of over €300 after at least 9 months running on Etsy

  • Keywords/tags to use: check the list of tt and tag

  • Sign of becoming a best seller: selling of 3-4 items per week

  • The number of reviews and fovorites are more important at the begining of running the business: the minimum favorites is 15.

Data analysis in detail

Please check the file

pre-launching-insights-for-a-handmade-product-on-etsy's People

Contributors

minhtrang4078 avatar

Stargazers

Sourabh Shrishrimal avatar

Watchers

 avatar

Recommend Projects

  • React photo React

    A declarative, efficient, and flexible JavaScript library for building user interfaces.

  • Vue.js photo Vue.js

    🖖 Vue.js is a progressive, incrementally-adoptable JavaScript framework for building UI on the web.

  • Typescript photo Typescript

    TypeScript is a superset of JavaScript that compiles to clean JavaScript output.

  • TensorFlow photo TensorFlow

    An Open Source Machine Learning Framework for Everyone

  • Django photo Django

    The Web framework for perfectionists with deadlines.

  • D3 photo D3

    Bring data to life with SVG, Canvas and HTML. 📊📈🎉

Recommend Topics

  • javascript

    JavaScript (JS) is a lightweight interpreted programming language with first-class functions.

  • web

    Some thing interesting about web. New door for the world.

  • server

    A server is a program made to process requests and deliver data to clients.

  • Machine learning

    Machine learning is a way of modeling and interpreting data that allows a piece of software to respond intelligently.

  • Game

    Some thing interesting about game, make everyone happy.

Recommend Org

  • Facebook photo Facebook

    We are working to build community through open source technology. NB: members must have two-factor auth.

  • Microsoft photo Microsoft

    Open source projects and samples from Microsoft.

  • Google photo Google

    Google ❤️ Open Source for everyone.

  • D3 photo D3

    Data-Driven Documents codes.