During the Etsy Q1 Investor’s Report, CEO Josh Silverman shared several HUGE updates about shop suspensions, gift mode, and what they expect traffic to look like in Q2.
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☕ More on this topic during the Friday Bean: https://www.youtube.com/watch?v=GVAlwqhcUXE&t=6047s
➡️ Etsy’s Q1 Investor Report: https://s22.q4cdn.com/941741262/files/doc_financials/2024/q1/Q1-2024-Earnings-Presentation.pdf
➡️ Etsy Q1 Live Cast: https://investors.etsy.com/events-and-presentations/event-details/2024/Q1-2024-Etsy-Inc-Earnings-Conference-Call/default.aspx
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🔴 Etsy Handmade Policy: https://www.etsy.com/legal/handmade
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▬ Contents of this video ▬▬▬▬▬▬▬▬▬▬
00:00 – Intro
00:44 – Etsy sales drop in Q1and slow traffic
02:56 – Etsy’s 2024 growth plan
06:00 – Impact of Gift Mode
09:59 – Etsy Suspension crack-down
15:50 – Etsy removing drop shippers and policy violators
17:41 – Updates to SEO and relevancy?
20:10 – Returning to core values – Keep Commerce Human
22:04 – Investor’s Q&A
22:32 – Are Chinese competitors like Temu hurting Etsy?
26:16 – Will Q2 be just as slow as Q1?
28:57 – Will Etsy’s new $15 fee stop bad sellers?
33:52 – How Etsy machine learning will declutter search pages
37:42 – Creative Fabrica sellers being banned
39:44 – How removing bad sellers will impact Etsy overall
46:10 – Etsy targeting sites like AliExpress for drop shipping
49:41 – Key things to note
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