Monday, May 24, 2010
The Power of One
Photo by Leo Reynolds
1. You don't have to be good at everything; all you need is to be really good at one thing.
2. You don't have to try to sell to everyone; all you need is to find one person for each of your products.
3. You don't have to compete with everyone; all you need is to be the only one that sells what you're selling.
Tuesday, May 11, 2010
The Other 99,999
Photo by Roadsidepictures
There are a hundred thousand items for sale on Etsy at any one time. So what makes a buyer choose your item instead of the other ninety-nine thousand nine hundred and ninety-nine from other sellers?
If you can't answer this question, you have a lot to work on.
Thursday, May 6, 2010
How to Beat Low Views
Photo by Rammikins!
Everyday, there are at least some complaints on the Etsy forums that views and sales are down. As an Etsy seller, do you join in and complain, or do you think it's better to spend the time to do something productive instead?
I don't know about you, but I would take some time and ask myself this: If my product is entitled to only five (or three, or two) views, how can I make it and present it so that by the time the fifth (or third, or second) person views it, it would be sold.
Wednesday, May 5, 2010
Tuesday, May 4, 2010
What If?
Seth Godin asked in his blog post today: "What if a rift in the time-space continuum changed the universe and it was suddenly impossible to get new customers, new readers, new donors or new viewers? How would that change what you do all day and how you spend your money and what you measure?"
I would like to ask this in return: "What if you could only sell once to a certain customer? How would that change the way you market your product?"
3 Things Andy Warhol Can Teach You about Selling on Etsy
Here's an excerpt from my ebook - 12 Marketing Lessons from Andy Warhol.
One of the leading figures in the visual art movement known as pop art, Andy Warhol was not only well-known for his paintings of Campbell's Soup Cans, he was also well-known for his marketing and PR skills, which helped to propel him into the league of wildly diverse social circles that included bohemian street people, distinguished intellectuals, Hollywood celebrities and wealthy patrons.
If there is an artist who could teach us a thing or two about the fine art of marketing, then Andy Warhol is it!
1. "An artist is somebody who produces things that people don't need to have."
The good thing about selling on Etsy is that you don't really need to think of producing something people need. If someone wants to buy something she needs, she would have gone to shop at Wal-Mart instead. People come to Etsy because they are looking for unique handmade stuff, not mass-produced stuff churned out from factories. You should focus your efforts on creating something unique and interesting that people want, not something they need.
2. "Being good in business is the most fascinating kind of art. Making money is art and working is art and good business is the best art."
The reason you're selling on Etsy, no matter what you're trying to sell, is to make money from doing what you love. You owe it to yourself and your customer to put in as much efforts into marketing and selling your creation as much as you put your heart into creating it.
3. "In the future everyone will be famous for fifteen minutes."
With the availability of social media platforms like Facebook, Twitter, and blogs, it's never easier to claim your fifteen minutes of fame! Take advantage of what's readily available for free on the internet and build a reputation for yourself.
What to Do for Your Business in Slow Times
Photo by nutmeg66
In business, there are good times as well as slow times. Nobody wants to go through the latter if he can helps, but like it or not, that's inevitable. You can whine, complain and blame everything under the sun for all you like, or you can take the opportunity to do something during these slow times to prepare yourself for the future. Here are 5 tips on what you can do when times are slow. I hope you find something useful!
1. Re-evaluate Your Business
Step back and take a good look at your shop. Not only you should try to see what you have been doing right, you should also try to find out which areas of your business you can improve on.
2. Work on Something which You Have Always Wanted to
Do you have a project in mind which you could never find the time to do? Instead of wasting your time fretting over the slow times, why not get yourself busy and start working on that project that has been in your back burner all this while?
3. Catch Up with Your Past Customers
Drop an email to your past customers and let them know what you have been up to and invite them to visit your shop by offering them some special offers.
4. Learn a New Skill
To be a successful entrepreneur, you need to keep learning. I would grab the chance to learn something new when times are slow.
5. Plan for the Future
The slow times will go away, but no one is sure it won't come back. It's your responsiblity to make sure that the next time it returns, you're better prepared for it! The only way to make sure of that is to plan ahead for the future. Be it a new marketing plan, better product design, or improved customer service, you can only win by being prepared.
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