|If you use Promoted Listings, this package may be worth a try
First, if you are happy with how your shop is now, you do not need to do anything... everything is the same, except there will be a 1.5% increase in the sold item fee (up from 3.5% to 5%).
Folded into this announcement are details about new seller packages. One in particular may be of interest. The details from Etsy's information:
Etsy Plus (coming in July)
New ways to customize your shop
Sellers will be able to customize special options for their shop's look with new banner templates and featured listing options.
Tell shoppers your items are back in stock
When shoppers are interested in sold out items, Etsy Plus subscribers will be able to email them when the item is back in stock. Sellers can find out which listings are most popular. Could this be helpful in planning your vintage buying?
Send customers to your own web address
Save 50% on a custom .com address or get a .store address for free for a year. Some sellers may find this helpful.
**Bonus listing and advertising credits**
Get 15 listing credits and $5 in credit to advertise your items in Etsy search with Promoted Listings each month.
Discounts on custom packaging and promotional materials*
Enrolled sellers receive a special discount on custom shipping boxes, business cards, and other marketing materials from Etsy's partners.
If you use Promoted Listings
Etsy sellers who advertise may have even more of a reason to try out the "Etsy Plus" tiered upgrade at low cost; it is the "bonus listing and advertising credits."
15 listing credits per month x 20 cents each = $3
$5 in credit to advertise your items (I spend over $30/month) = $5
That means that for the $10/month you pay for Etsy Plus at the introductory rate, it will cost only $2/month to try out.
You can find out if anything else in the package works for your and boosts sales. You can always opt out before the fee goes to $20 a month.
Read here for how to set up the restock request feature of Etsy Plus. Here is a deeper explanation of the new features from Etsy's CEO.
I hope this was helpful... Thanks for joining me for this quick tip about Etsy's latest announcement!