Etsy has a few search updates for buyers, the Royal Mail export suspension continues, IRS delays rule change for people who get paid on Etsy, and much more…
Etsy Insight no. 25
Happy Friday, everyone! 👋 and welcome to no. 25 of the Etsy Insight newsletter!
We’ve been on a bit of a hiatus, but we’re back in action and ready to make 2023 a runaway success 💪
In this week’s issue, the news starts with a string of official updates from Etsy on its search experience for buyers. We then catch up with the ongoing problems plaguing the Royal Mail, which still affect many Etsy stores using it. And we conclude the news with something all Etsy sellers should be aware of: the IRS rules changes, requiring third-party payment platforms to issue a 1099-K to the IRS and the app user for business transaction payments if they add up to more than $600 over the course of the year.
This and much more, alongside our usual weekly nuggets: 3 new videos, 3 new articles, 1 success story, 3 new podcast episodes, and 3 new social media posts, all highlighting the Etsy universe.
Let’s go!
Updates to Etsy Search: What’s New
Here’s an overview of some of the most recent changes we’ve made to the Etsy search experience for buyers that may help you drive more sales. Note: The following updates do not impact the ordering of search results. These are improvements to the way buyers see your items after they’ve searched on Etsy.
Royal Mail Export Suspension Continues – Causing New Headaches for UK Shippers, Including eBay and Etsy Sellers
Royal Mail is still battling the aftermath of an unspecified cyber incident that is not allowing the organization to process international outbound shipments.
The UK’s postal service first revealed this incident on Wednesday, 11 January, asking shippers not to post international letters and parcels until further notice.
IRS delays rule change for people who get paid on Venmo, Etsy, Airbnb and other apps
Anyone getting paid for their goods and services through apps like Venmo, PayPal or CashApp, or platforms like Etsy and Airbnb, just got a reprieve from the IRS.
Following concerns expressed by the tax community, the electronic transactions industry and some lawmakers, the IRS said Friday it would delay by one year the implementation of a rule change that would have resulted in a virtual paper chase of tax forms going out by January 31, 2023, to anyone using such apps for their business transactions.
Etsy International Shipping: How to Get Through Customs
Etsy international shipping helps you take your store and products to the world and open your business up to Etsy buyers around the globe.
If you’re in the US, making your products available to customers in Canada, the UK, or Europe can help you significantly improve your bottom line. If you’re not in the US, making your products available to millions of US-based Etsy buyers is also a decisive move.
7 Secrets to Etsy Success by Thriving Shop Owners
We spoke with three successful Etsy entrepreneurs to get their take on how to take advantage of what the platform offers. Australia-based Shovava is run by Roza Khamitova, whose artistic scarves are wearable pieces of art. Jujujust by textile artist Judit Just is home to her incredible contemporary wall hangings, which allow the Spanish artist to express her creativity from her new home in North Carolina. Kirikí Press, which sells DIY embroidery kits and patterns, is the brainchild of Michelle Galletta, who started the indie design company when she couldn’t find a good pattern to make an embroidered doll for her niece.
A woman's awful experience getting refunded for a $19 candle on Etsy went viral after the store kept insulting her
Elisabeth Manente shared her customer service experience with an Etsy store on TikTok. She was met with contempt from the store's owner when she requested a refund. The owner of the store, Cleaver and Blade, accused her of being drunk or high in a testy exchange.
The 3-Step Roadmap to a Successful Handmade Business in 2023
My 1st Etsy Brand did over 36k in month 6 BUT 2nd store did not - WHY? + Etsy Tool Giveaway!
More profit on Etsy with lower prices? It could work!
I quit my warehouse job after starting an Etsy side hustle that made $67,000 in profit in 10 months. Here's how I escaped the 9-to-5 grind.
Erik Soto Ayala, an ex-warehouse forklift operator, started a side hustle to escape the 9-to-5. He was willing to start selling anything and researched Etsy products that had minimum competition. After landing on personalized wallets, he made $67,000 in profit in his first 10 months in business.
That’s all, folks! Have a great one and we’ll see you next week!