Youâve probably dreamed of making passive income on the side. An extra income stream that will earn you money even when you sleep. It gives you more time, flexibility and freedom.
Etsy is a surprisingly good way to earn some side-hustle money passively. I know because Iâve been doing it for the last 3 years with multiple shops.
If you don't know how to start, this is the guide for you. We will go through the process of earning passive income on Etsy by selling digital products and printables.
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Letâs get started!
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If you have been on Etsy for a while, you probably have seen digital products & digital downloads. They are designs that the customers can download without a physical printed product. Some examples include planners, invitation, birthday card, logos, photo presets, etc.
One of the biggest advantages of selling digital products is that you only need to make it once, and the product can technically be sold forever. Also, Etsy helps you deliver the digital products so you donât have to spend time handling shipping.
Printables are a type of digital products that customers can print out themselves at home or using a printing service. It gives customers the convenience of choosing their favourite design and printing it out at home on the same day, which saves them time and money.
Some printables are also editable. They are templates that customers can edit themselves, including text, colours and layout. For example, a wedding invitation card which the couple can change the date and names. This customisation means that customers can adjust the templates to their requirements on a budget. It saves them time and money as they don't need to hire a designer to create a custom design.
Itâs true that many products and niches on Etsy are highly saturated, but luckily Etsy has 96.3 million active buyers (in 2021). There are always opportunities to niche down and find particular products with good demand and low competition.
One of the ways to do that is to look for long tail keywords that shoppers actually use.
The longer the keywords, the more targeted it is to your target customers. For example, âplannerâ has about a million results, which means you are potentially competing with a million other listings for the first page placement of Etsy search. But if you âniche downâ and set a longer keyword like âfitness planner for momsâ, the competing listings drop to about only 625. You will have a much better chance of ranking on the first page for a long-tail keyword.
For printables, you only need to make a design once and you can sell it forever. After creating the designs with tools like Canva or Corjl, you can upload your printables to Etsy. Etsy will help you send the designs to customers automatically after they place an order, making the process quite passive.
One of the things I love about earning passive income on Etsy is that I donât need to look at my shop 24/7 and still be able to earn a living. It also allows me to create more streams of income for financial stability.
Quite the opposite. Contrary to what many other Etsy gurus make you believe, you need to put in hard work in the beginning to give your new passive income shop the best chance to succeed.
In the beginning, you should expect to work extra hard to create good quality designs targeting your ideal customers. Initial traction for a new Etsy shop is important. If you already have a full time job, it would be the best if you can work as much as you can on your shop after work and on the weekend.
You can expect to earn about $10-100 a week at the start. Usually a shop that is set up correctly (good quality products in the right niche) can make one sale per day pretty early.Â
A shop with stable sales can earn about $1,000 or more, which could be quite profitable. The money you can earn depends on your niche, price point, how well your products rank, etc.
My shop - Growing Your Craft - made about 5,000 sales in a year. The average price of product is about $5, which means on average I get almost $2,000 extra every single month. Pretty good for a passive income side-hustle!
The best thing is, the income is pretty passive other than answering customer questions and creating new products from time to time. And my shop is still going great.
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Youâre probably wondering what printables actually sell well on Etsy. There are countless possibilities on Etsy. A lot of the digital printables are worth selling for side income. When you search âprintablesâ on Etsy, you will get over 4 million results. Itâs hard to know which one to start exploring.
To help you out, here are some best-selling printable ideas on Etsy:
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Read more here - 30 Most Popular Digital Products On Etsy
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For most designs, I would recommend Canva because itâs:
I personally use Canva frequently for creating printables quickly. They have a large selection of fonts and assets even for their free plan so you can easily mix and match to create high quality printables.
One thing to keep in mind is that you canât sell Canva assets by themselves. As long as you use them in your own design with other elements (assets, colours, text, etc), then you will be ok.Â
Other than making printables to sell, Canva is also a great place to create Etsy shop banner, Instagram post template and other branding assets for your new shop.
Click here to start your free trial on Canva
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If you are making editable printables, then I would recommend Corjl. Itâs the platform I use personally for Growing Your Craft.
Another alternative for this is Templett. They offer similar functionalities. However, I find Corjl better than Templett in these few areas:
Instead of downloading the printable and upload the finished design to Etsy, you can put your printable design on Corjl.Â
Customers who buy your design will be able to access the design, edit and download the printable template themselves. All of that is done by Corjl without involving you.
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How much you should charge for printable designs depends on two major factors:
For most printables on Etsy like thank you card, they are typically sold for around $3-8. If your printables are editable by the customers, you can charge more at around $5-15.
As you are competing directly with other printables on Etsy, people will compare your products with others. They will look at the quality of the design, whatâs included, prices, etc.
A good way to find out how much you should charge is to look at the biggest shops in your niche. Find their comparable printable designs and see how much do they charge, and whether your design is up to par with them.
Product photos can make a big difference for your click-through rate of your listings. It can also make your designs look more desirable, and therefore easier to sell.
For printables, we donât need to actually print out the design and take photos ourselves. We can use mockup to make product photos.
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The tool I use to make mockup product photos is called Artboard Studio.
Using mockups is a great way to showcase your designs in a realistic setting, which allows customers to picture themselves using the design more easily. Hereâs the process of creating product photos with Artboard Studio:
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Etsy SEO (search engine optimisation) is the main way that your printables will get found on Etsy. If done right, it will be the only traffic source that you need and the best thing is that itâs free.
Keyword research is one of the most important aspects to ranking well on Etsy search. You want to use keywords that are long-tail and descriptive. As we talked about before, longer keywords can help you find niches that are less competitive, which means it will be easier for you to rank higher.
Another way to find targeted keywords that your customers will use is to look at your competitorsâ product listings. The chance is that they have already done the keyword research. You can use the relevant keywords for your own printable listings.
Tags are also important in improving your Etsy search ranking. Be sure to use all 13 tags and use multi-word phrases to maximise your reach.
SEO is a big topic. If you want to know more, click here to read our SEO guide.
Product description is often where customers find the information they need when they are interested in your printables.
So make sure you have all the information there so they can make the decision to buy from you. Here are some of the things you can include in your description:
Etsy helps you deliver your printables to customers after they purchased.Â
You can upload your design to the bottom of the listing edit page. You can upload up to 5 files at 20mb each.
When a customer places an order for that product listing, Etsy will immediately send them the link to download the file. They can also access the download page at a later time in their âPurchases and Reviewsâ page.
This guide is only an introduction to making passive income on Etsy with printables. If you want to start earning an extra $1-2k a month with your new printable shop passively, Iâm excited to bring you our Etsy printable course, which you will discover my proven system to build passive income.
This is the course that I wish Iâd known before building passive income on Etsy.
How it can help you:
â The exact way to find high demand, low competition digital product ideas
â Step-by-step walkthrough for creating winning digital products, no graphic design skills required
â Unlock the formula to write highly converting listing
â Digital Product Idea Generator to generate (almost) endless niche ideas
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â Done-for-you Canva template library to help you make sellable templates in an afternoon
Check out Passive Income Playbook here
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