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Saturday, April 16, 2011

Week 15 Update on The Science of Renewing Your Etsy Items


Cuff links by MetalsinTime on Etsy
 Back in February, I posted an initial update to show the amazing success I was finding by playing the Renewing Game, as outlined by my girl Steph at nerd JERK.  It has now been 15 weeks since I began renewing items at strategically planned times every day, and I wanted to see how the numbers were looking thus far. 

To review briefly, I used Google Analytics to determine when I was having the most traffic to my shop, and then I scheduled different items to renew during those times using http://www.statsy.org/.  That's all I did.  It's that simple.  For those of you who aren't familiar with how Etsy works, when you do a search for a particular item, your search results are sorted in chronological order by the most recently listed item first.  Thus, to get the most exposure, you need to make sure your items are showing up first, and you can do this by renewing your items.  While you do pay to renew an item, the same price you'd pay to initially list an item ($0.20 per item), the return on your investment can be extremely high.

Why is this important? If you choose not to renew your items, you run the risk of falling deep in the search results and never being found.  Each listing on Etsy "buys" you 4 months time.  If you've got items in your shop that were listed 2 or 3 months ago, the odds of having those items seen can get really low.  If you're in a popular category, you might not get seen at all, as Etsy will only show the first how-many-ever thousand items in a category!

I've heard many sellers flat out refuse to renew, just because they simply don't want to spend the extra money, or feel its Etsy's way of ripping you off.  If you fall into this category, keep reading.  I've got evidence to show this renewing can actually work to your benefit!

For this comparison, I looked at the last 15 weeks that I've been strategically renewing (January 1 - April 16) to the previous 15 weeks (September 18 - December 31). 

Here are the cold, hard facts:

Item views:  increased by 161%
Revenue (aka money made!):  increased by 206%

Is that incredible, or what?! Its also interesting to note that there was 1 entire week in March where I didn't renew at all.  I was on vacation and didn't want to shut the shop down, but didn't want to encourage a high number of sales either :)

Would you like to see similar increases?  I firmly believe this will only work well for you if you have a sufficient number of items in your shop, if your item descriptions/tags are already fantastic, and if your item photos are great.  If you're already there, take notes on Steph's article, give this a shot and see where your sales go!

3 comments:

  1. wow! that's fantastic. I already renew when the item is about to expire but when I get more products I am looking forward to this future endeavor. Thanks for the info :)

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  2. Mishelle - These findings are INCREDIBLE! You're awesome & rockin' it! Soooo great to see you doing this and getting increased exposure to your shop. :D Congrats on all of you continued success!

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  3. I just listed a whole bunch of relists on Statsy. Thank you for this post! i learned something new.

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