I don't like worrying about money 100% of the time. It doesn't leave me time to stress about other things I like to stress about and that stresses me out even more.
The obvious solution to this issue is increasing sales on my Etsy shops. That should be easily done! Selling more in the hardest months of the year, where no holidays are anywhere in sight, people are stressed about their taxes, and global economy is in recession. Oh yes.
I have a lot of useful ideas how to (not) earn more during these months. Each of these ideas will hurt my income directly or indirectly. Here are just a few:
- Offer free shipping on both my shops for a month
Free shipping is the worst sales boost you can offer. It eliminates your only fee free income, one you make no profit on to begin with. It's like sweeping a rug from under my own feet. Not to mention the fact my shipping expenses eliminate any incoming on my ribbon shop.
- Offer huge discounts on items on my shop
Nothing ever sells on sales, from my experience, plus it will only decrease my income. I may reduce prices as much as I like, but my investment in each item stays the same. Right? right.
- Plea with people to help me out by buying my stuff
The most embarrassing, degrading way of finding customers. They may buy from me, but I will feel guilty and ashamed.
I do have some good ideas though, that are based on generating more traffic to my shops. These include:
I already took advantage of Moo's special offer, and ordered two packs of mini cards for both my shops. These will turn into a large batch of promo packs which I will send to other top-selling Etsians to ship to their customers upon purchase.
- Create an independent website
Work is already on the go. First draft of the website is prepared (and I mean a beautiful bilingual Flash website designed by a pro, as opposed to the old website made by me). This will also help attract Israeli buyers who are not comfortable with the English Etsy interface.
- Buy ad space
There is no way to go around this. I need to get paid advertising space. I think it's time to check Project Wonderful and other advertising opportunities.
- Making freebies for my customers
This may be a good way of giving an added value to shopping at a specific time, most needed for me, and still not losing or bagging. I can make a batch of a special edition item that will be added to every (?) purchase on my shop during the problematic months. Will that be a sales boost?
- Start an ad exchange
You put an ad on my blog (or website, when it is ready) and I put one on yours. That is a good idea, in websites that generate traffic and blogs with a lot of followers.
- Start selling tutorials
This is am excellent way to boost sales, just ask Yoola.
I think it's time for a poll. I will post one on this blog in a little while. I will also love to hear ideas, your past experience, promotional opportunities you are aware of at this time, and so on. Let your voice be heard! Mama needs a new set of wheels, and she wants to buy them in the UK.