Are you looking for the most profitable Etsy shops in 2020? Well, you are in the right place! Etsy (NASDAQ:ETSY) is an online marketplace for hand-crafted goods, jewelry, and vintage collections from artists to customers worldwide. Setting trends in the online community since 2015, Etsy has grown bigger and bolder and was one of the most popular retail websites in 2018. It has grown from having 1.9 million active sellers and 33.3 million buyers in 2018 to 2.5 million Etsy sellers and 45.7 million Etsy buyers in 2019. From $1 billion gross merchandising sales reported in the previous 11 Most Profitable Etsy Shops in 2018, it increased to 4.7 billion U.S. dollars in 2019.
No doubt, Etsy is one of the best e-commerce platforms that promote peer-to-peer (P2P) transactions wherein both the seller and buyer are private individuals or micro-business. For investors who want to take of Etsy’s numbers, they can get exposure via First Trust Nasdaq Retail ETF (FTXD). Another online retail shop that is favorite of all times is eBay (NASDAQ:EBAY). It is a multi-national e-commerce platform and just like Etsy, eBay provides a customer-to-customer (C2C) online sales services. As of January 2020, eBay ranked first on a survey for the Most Popular Online Marketplaces According to Online Sellers in the US. If you are looking to invest in e-commerce giants, you will gain exposure from eBay via Invesco QQQ Trust (QQQ).
On the other hand, the biggest online retailer Amazon(NASDAQ:AMZN) is both B2C and P2P, meaning it exchanges goods directly to customers and permits users to sell goods themselves. With a market cap of 1,597 billion U.S. dollars in September 2020 (GP Bullhound), it is indeed the most significant e-commerce giant. Investors can gain exposure to Amazon via SPDR S&P 500 ETF Trust (SPY).
So, let’s get to the point, guys. How did we come up with the 7 Most Profitable Etsy Shops in 2020? We based our official ranking on Etsy’s SEO tool called eRank. It’s an online tool for Etsy sellers that provide their shops’ statistics, ranking, and market analysis. We recorded each Etsy shop’s total sales on this list as well as their shop admirers.
If you are looking to start your own Etsy shop, take note of the most profitable Etsy shops in 2020: