| April 04, 2009 |
Etsy, Where Handmade and Vintage Collide |
| By: Ina Steiner |
| Sat Apr 4 2009 20:35:07 |
Etsy calls itself, "Your place to buy and sell all things handmade." After I began giving more coverage to the site last year, I received letters from sellers who said they felt Etsy does not do enough to promote the vintage category. This issue may prove to be one of the company's biggest challenges - and potentially one of its greatest opportunities.
I hadn't really thought about Etsy as an "eBay alternative" per se, given Etsy's focus on handmade items. But if you look on Etsy, you will find vintage collectibles including books, movie posters, comic books and other items that I associate more with online auction sites and antiques malls.
A search for comic books on Etsy.com illustrates the problem vintage sellers describe. The default search is for handmade items, so searching for comic books brings back homemade, self-published comic books alongside items made from comic books, such as a key ring sporting images cut from comic books. Shoppers must manually select Vintage from the pull-down box in search in order to bring back more targeted results for vintage comic books on Etsy.
Maria Thomas took over as CEO last year after the company received a large infusion of funding (over $30 million received altogether). She's been imposing structure and focusing on scalability, which makes sense since those investors are expecting rapid growth - and eventual profitability.
But in addition to geographic expansion, where will Etsy's growth come from? In eBay's case, it was category expansion - consider eBay Motors and the Business & Industrial category, for example. But this is especially tricky for Etsy, whose brand is all about handmade. Sellers are not allowed to sell items they haven't made themselves, unless they list in the Supplies or Vintage categories.
How would Etsy attract buyers to non-handmade categories? And how would it keep its hardcore fans happy if it expands greatly beyond handmade? It will be interesting to watch how Maria Thomas approaches this problem, along with other growing pains the company is sure to encounter.
Be sure and read more about my tour of Etsy's headquarters in the April 5th issue of AuctionBytes-Update.
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