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Do you want to establish an online platform like Etsy for art crafters? Follow this step-by-step guide & get your handmade product marketplace ready within a day.
Customers usually buy handmade goods due to their uniqueness and the demand for handicraft products is rising significantly all over the world.
The handicrafts market is expected to attain a CAGR of 10.9% over the forecast period of 2022-2027. It is projected to reach USD 1,204.7 billion by 2026.
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The COVID-19 pandemic, however, led to a surge in eCommerce and accelerated digital transformation. It opened a new opportunity for consumers to introduce their products to a vast customer base. The handicraft business also got a huge boost during this time. The big players like Esty, Handmade at Amazon, Facebook marketplace, and others have been rapidly expanding in this niche in the last couple of years.
If you’re planning to try your luck in this industry, then build a handmade marketplace. You can earn money by selling your own products and letting other vendors open their shops on your marketplace.
Let’s start with some encouraging facts that’ll boost your confidence-
Handicraft Business Opportunities Across the World
Handicrafts refer to handmade products which people make with their own hands or hand tools. The concept was first introduced in the early 17th century. At that time people usually make these products for decorating their own homes. But due to the increasing popularity of handmade decorating staffs, many retailers started selling them commercially. Each handcrafted product is unique as it comes from a creative human brain rather than any automated machine.
Selling handmade products can be highly profitable depending on their quality.
Also, with the exposure of the online business, the accessibility to handicraft items has become more convenient for consumers. Retailers are also paying more attention to this industry for growing demand and rising profits. Apart from this, the growing travel and tourism industry creates a wide opportunity to sell handicrafts products made by local artisans. Handicraft manufacturers produce customized products and sell them to tourists who are willing to spend significantly on souvenirs and other craft items.
Due to the low capital investments, the handicraft industry is flourishing, particularly in developing countries such as India, China, and Afghanistan.
Some popular handmade items you can sell online are clothing, jewelry, paintings, sculptures, dolls, wooden toys, hats, hair accessories, furniture, candles, rugs, etc.
How to Create a Handmade Marketplace Using WordPress (6 Steps)
Creating a handmade marketplace could be challenging but with the right tool, you can minimize the steps.
Fortunately, WordPress makes it super easy to build any type of website from blogging to business. Moreover, it has a wide range of plugins like WooCommerce to get you the required functionalities instantly. WooCommerce lets you build your eCommerce site within minutes.
And it requires only a few