11–20 of 232 posts
> A similar model had worked spectacularly well for EBay Inc., which had made money for 21 straight years...How, Wunder asked, was Etsy not making more money? Because EBAY was already in that market! It's really no wonder Etsy has tanked as a community, sellers fleeing in droves, as the company works hard to destroy what it was, something unique, successful (even if it wasn't eating the world) and highly responsive t…
Why is ETSY stock soaring? I don't get it. Are they doing something to get rid of crap on their site? Edit: sorry, I meant soaring this week.
> A similar model had worked spectacularly well for EBay Inc., which had made money for 21 straight years...How, Wunder asked, was Etsy not making more money? Because EBAY was already in that market! It's really no wonder Etsy has tanked as a community, sellers fleeing in droves, as the company works hard to destroy what it was, something unique, successful (even if it wasn't eating the world) and highly responsive t…
Like the other commenter says, maybe they should have stayed private if remaining committed to their ideals was such a high priority.
> A similar model had worked spectacularly well for EBay Inc., which had made money for 21 straight years...How, Wunder asked, was Etsy not making more money? Because EBAY was already in that market! It's really no wonder Etsy has tanked as a community, sellers fleeing in droves, as the company works hard to destroy what it was, something unique, successful (even if it wasn't eating the world) and highly responsive t…
And for all the good those excess benefits did in attracting top talent, why is Etsy's software so crappy?
Currently they're going through a round of "let's alienate all the small unique sellers that are still using our service" by changing their payment policies. Sellers are being required to accept Etsy's payment processing, where before accepting Paypal was sufficient. Signing up for Etsy's payment processing requires giving Etsy a whole bunch of private information that a lot of sellers (at least in the internet circles I run in) are not comfortable giving out to Etsy, especially sellers that do not live in the US.
Etsy is quickly losing the sellers that make their site worth visiting to Storenvy.
Why is ETSY stock soaring? I don't get it. Are they doing something to get rid of crap on their site? Edit: sorry, I meant soaring this week.
If there's money to be made in the model, they're pretty well established as experts finding it.
I heard the investment news via David Johnson on KRLD, he's worth following.
The entitled employee comments at the bottom made me literally groan. Everyone bemoaning facts of life, it's not like what they did was a surprise or unjust. If your job title is "Senior internal paper waste management analysis director" then you shouldn't be surprised when you get canned.
> A similar model had worked spectacularly well for EBay Inc., which had made money for 21 straight years...How, Wunder asked, was Etsy not making more money? Because EBAY was already in that market! It's really no wonder Etsy has tanked as a community, sellers fleeing in droves, as the company works hard to destroy what it was, something unique, successful (even if it wasn't eating the world) and highly responsive t…
At the same time, > Sellers who developed successful products were prohibited by Etsy policy from hiring employees to help them expand Isn't that cruel? Your XYZ craft is amazing and people love it, but you can hire someone to help you make more. Then, the demand is just absorbed by copycats.
Not at all, that's inherent to the whole idea of handmade. Your product probably won't be the same if you get someone helping you with it; certainly the handmadiness that people are paying you for won't be there any more. If your product is good enough to stand on its own merits then you can sell it conventionally.
> Then, the demand is just absorbed by copycats.
Any copycat presumably has to stand on their own and earn their own reputation. If you've got positive reviews for the product you handmade, that shouldn't transfer over to someone else making it, even if that someone else is employed by you.
Etsy first started losing their appeal when they gave up even pretending to not allow Alibaba resellers, and lost the "hand-made" distinction that made their site unique. Currently they're going through a round of "let's alienate all the small unique sellers that are still using our service" by changing their payment policies. Sellers are being required to accept Etsy's payment processing, where before accepting Payp…
> Any product containing any hazardous or dangerous material including mercury or any product whose use is regulated by any law in any jurisdiction.
I get what they're trying to do, but that's pretty broad
https://support.storenvy.com/customer/portal/articles/93987-...