Etsy is asking sellers to participate in its Labor Day weekend sales event starting on August 31 targeting shoppers in the US and Canada.
Check Out These Resources
- Do you need a business bank account for your online business? Take a look at our review of the five best bank accounts for sellers, some of which are free with no minimum balance or deposits. [sponsored]
- Boost your social media engagement with Publer. Learn how you can save time writing engaging content faster with AI. [sponsored]
- Could your online business use capital for growth? Here is a primer on revenue-based loans, and how they work.
Unfortunately, the only way for sellers to participate in the sales event is to discount listings by at least 15%. Yes, that is a requirement.
Etsy is not offering any incentives for sellers to participate in the sale that will run from August 31 to September 6, 2022.
In its message to sellers, the company even suggests sellers use a stepped discount approach to the Labor Day sale.
“To participate, schedule a sale of at least 15% off from August 31-September 4 and then increase your sale to at least 25% off from September 5-6 to help attract more shoppers.”
In addition, Etsy recommends that sellers “set up targeted offers like Thank You coupons, Abandoned cart discounts, and Favorited item discounts.”
While running a Labor Day promotion is a great marketing strategy for many businesses, Etsy sellers will be responsible for the ‘cost’ of the discount.
With the 30% fee increase Etsy implemented across the board in April, the company could have taken a few dollars from that extra revenue to help participating sellers offset some of their cost discounting products.
Even eBay pays for coupon offers it promotes on its marketplace or sends out in emails.
Subscribe to Our Newsletter
We do not sell your information.
You can unsubscribe at any time.
Head over to our Facebook Group for Small Business Marketplace Sellers and interact with us and other small business owners. Follow us on Facebook, Twitter, or LinkedIn to stay up to date with relevant news and business insights for your online business.