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Etsy (Competition (Amazon Handmade (Relatively new but more expensive than…
Etsy
Competition
Amazon Handmade
Relatively new but more expensive than Etsy because you have to be a prime shipper and use their shipping facilities
Shopify
Also fairly new. A little more complicated to create your shop than Etsy or Amazon Handmade because you are essential creating your own website that is accessed through the Shopify website
Ebay
How Etsy is beginning to resemble because it has allowed sellers to sell things other than handmade like their original creation stated
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History
Financial snag began in 2015 when the rules and regulations were loosened. Still a financially successful company but not as successful as it once was
They were starting to gain seller confidence back when they hit another problem this year in 2019 when they incorrectly withdrew funds from their seller's bank accounts
While trying to fix the incorrect withdrawn funds they also did not fulfill disbursements to sellers who were expecting them before the first problem occurred
These two incidents quickly decreased seller confidence and did nothing to increase buyer confidence to help with the loss of business since 2015