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7 Most Profitable Etsy Shops in 2020

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Are you looking for the most profitable Etsy shops in 2020? Well, you are in the right place! Etsy (NASDAQ:ETSY) is an online marketplace for hand-crafted goods, jewelry, and vintage collections from artists to customers worldwide. Setting trends in the online community since 2015, Etsy has grown bigger and bolder and was one of the most popular retail websites in 2018. It has grown from having 1.9 million active sellers and 33.3 million buyers in 2018 to 2.5 million Etsy sellers and 45.7 million Etsy buyers in 2019. From $1 billion gross merchandising sales reported in the previous 11 Most Profitable Etsy Shops in 2018, it increased to 4.7 billion U.S. dollars in 2019.

No doubt, Etsy is one of the best e-commerce platforms that promote peer-to-peer (P2P) transactions wherein both the seller and buyer are private individuals or micro-business. For investors who want to take of Etsy's numbers, they can get exposure via First Trust Nasdaq Retail ETF (FTXD). Another online retail shop that is favorite of all times is eBay (NASDAQ:EBAY). It is a multi-national e-commerce platform and just like Etsy, eBay provides a customer-to-customer (C2C) online sales services. As of January 2020, eBay ranked first on a survey for the Most Popular Online Marketplaces According to Online Sellers in the US. If you are looking to invest in e-commerce giants, you will gain exposure from eBay via Invesco QQQ Trust (QQQ).

On the other hand, the biggest online retailer Amazon(NASDAQ:AMZN) is both B2C and P2P, meaning it exchanges goods directly to customers and permits users to sell goods themselves. With a market cap of 1,597 billion U.S. dollars in September 2020 (GP Bullhound), it is indeed the most significant e-commerce giant. Investors can gain exposure to Amazon via SPDR S&P 500 ETF Trust (SPY).

So, let's get to the point, guys. How did we come up with the 7 Most Profitable Etsy Shops in 2020? We based our official ranking on Etsy's SEO tool called eRank. It's an online tool for Etsy sellers that provide their shops' statistics, ranking, and market analysis. We recorded each Etsy shop's total sales on this list as well as their shop admirers.

If you are looking to start your own Etsy shop, take note of the most profitable Etsy shops in 2020:

Best Things to Sell on Etsy to Make Money in 2018
Best Things to Sell on Etsy to Make Money in 2018

Evan Lorne/Shutterstock.com

7. PeggySueAlso Leather

Sales Transactions: 621,346

One of the most unique shops on Etsy is PeggySueAlso Leather from Tacoma, Washington. They print a huge variety of graphic design patterns on leather, suede, and even cork leather! For leather and crafting supplies, it's the store that you are looking for. The Etsy store has 23,281 admirers.

6. Nicoledebruin

Sales Transactions: 642,985

If you're a collector of charms, Nicole de Bruin's Charm Collections from Stockport, U.K. will provide you with the most beautiful small ornaments charm worn on a bracelet or necklace. Nicole has been running the store since 2009 and has gained 49,453 admirers since then.

5. CaitlynMinimalist

Sales Transactions: 715,310

One of the biggest trends this year is minimalist jewelry. CaitlynMinimalist provides personalized daint jewelry that is perfect for a gift! From handwritten names, birthdates, and even fingerprints on a necklace or bracelet, Kate's store can customize it for you! No wonder her store gets the hype it deserves with a whooping 171,093 admirers!

4. Yakutum

Sales Transactions: 731,306

Did you know that one of the most profitable shops in Etsy in 2020 is a jewelry shop from Istanbul, Turkey? Yakutum ranks fourth on our list with a 731,306 sales transaction and 31,270 admirers on Etsy. The store has over 16,000 listed products featuring brass and gold-plated items.

Click to continue reading and see the 3 most profitable Etsy shops in 2020.

11 Best Selling Items on Etsy in 2017
11 Best Selling Items on Etsy in 2017

Svetlana Lukienko/Shutterstock.com Disclosure: No positions. 7 Most Profitable Etsy Shops in 2020 is originally published on Insider Monkey.