Etsy Business Model: Online marketplace like Etsy

Marketplaces are without a doubt the business model for the future. But how do the business earn money? the most popular models of monetisation.

Etsy business model

To build a website like etsy, marketplace has adopted several revenue strategies.

• Listing fee of $0.20 (Each listing is valid for 4 months)
• Listing renewal fee of $0.20 (after every 4 months)
• 3.5% of each transaction
• Promotion fees for features listing/shop, etc.
• Additional services, such as custom shipping labels, etc.

Etsy's revenue model is based on a number of revenue channels. Certain payments are required - you cannot sell on Etsy unless you pay a registration fee and commission. Promotional fees and additional paid services are optional and are for advanced vendors only.

To create an online marketplace like Etsy

To start a website like etsy, you have to consider some of the characteristics of the buyer and seller.

Buyer Features

• Build and manage your personal profile.
• Need filters for site search, rates, etc.
• Option to select amount, size and color.
• Management of payment options.
• Note and review items.

Seller Features

• Create and manage the dealer profile.
• List items to be sold.
• Connect with your purchasers.
• Select your payment methods.

To create marketplace like Etsy for your online marketplace, a complete Etsy clone script, has become much easier than now with Zielcommerce platform.