Etsy has long been my internet happy place. The online market provides craft-makers, artists, photographers, and virtually every creatively-minded individual a place to hawk their wares. And with over one million active sellers scattered across the globe, there's an abundance of fabulously kitschy, and often customizable items to chose from.
I've purchased everything from wall hangings, jewelry, vintage clothing, incense, post cards, to hors d'oeuvres plates, and many other unique pieces. Until recently, mass manufactured products were not eligible for Etsy stores.
Founded in Brooklyn approximately 10 years ago, Etsy practically re-engineered the virtual marketplace and offered a global platform for the would-be small business owner.
Opening a shop in Etsy's marketplace is free. Etsy charges 20 cents for each item listed and collects a fee of 3.5% once the item sells.
Reaching a new milestone today, Etsy went public. The IPO's shares are currently hovering around
$32 a pop.
"Today, as we reach an important milestone for Etsy – our initial public offering on the Nasdaq stock exchange – we would like to thank you, our sellers, for helping us reimagine commerce. Together, we’ve built not only a thriving marketplace, but a unique worldwide community based on creativity, entrepreneurship and helping one another," said the
site's announcement.
Ron Coleman