OP here. I sew and I was considering selling holiday-specific pennant-style signs. (I don't want to get into too much detail here.) This is partially about making money, but also about reigniting some of my creative energy. I've had the same part-time office job for a decade now, and I feel like I need a new challenge, especially as the kids get older. |
Maybe that was the original intention of the site. However, now for every business that fits your description there are 10 drop shippers shipping from China and such. |
|
The plants and seeds on Etsy are really good. |
Do you have to pay income taxes from sales generated on Etsy? Do you write off shipping fees as business expenses ? |
Yes, you must include Etsy income on your taxes. If you are over your state or federal limits, Etsy will issue you a 1099 in January. You can deduct expenses on your taxes as a self employed person, but you will also need to pay SS/Med on it, double what your employer withholds since you are self employed and have to pay both the emplorer and the employee portion. Very likely, the amount you earn your first year will be too little to pay withholding taxes on, but as you earn more you will need to pay quarterly estimated deposits to the federal government or get hit with a penalty. Etsy charges and pays state sales taxes, but you will still nesd to file for your county of residence, either quarterly or monthly. |
^^ looks like it's not quite a simple side hustle as you think op. Consider being a vender at a holiday craft show or your seasonal local artisan fair |
I dunno, PP’s point still stands—tons and tons and tons of mass-manufactured “fashion” on Etsy these days, which fall under none of the listed categories |
I’ve had good luck. Only one set of vases was cheap mass produced, and they were taken down after fewer than 100 sales. They’re nice, but I paid too much. Everything else handmade or custom. Waiting on a table now. Fingers crossed. |
I’m pp. There are thousands of these, so be sure to stand out, and vary your items if you can. |
There are very helpful experien ed sellers in the sellers forums, that can help answer any questions you have with set up, photography and marketing. You will want to start now for holiday sales. It can take a minimum month or two or longer to even get your first sale. |