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Two e-commerce giants, Etsy and eBay, are intriguing options for investors... but which is better? Both companies experienced a surge in sales during the pandemic.
As of March 2016, Etsy's top three competitors according to Hoovers Online are Amazon Handmade, Craigslist, and eBay. Etsy has been compared to "a crafty cross between Amazon and eBay", and to "your grandma's basement". Etsy also has a number of direct competitors.
If you have a handmade or vintage product to sell online, here are pros and cons of an Etsy shop and what you need to get a business off the ground.
Shippo provides an API, web interface, as well as direct integrations with e-commerce platforms such as eBay, Amazon, Shopify, Etsy, Magento, Bigcommerce, Weebly, GoDaddy, and Stripe. Shippo aggregates customers’ packages to receive discounted rates, which are then passed onto customers.
In this video, Motley Fool contributors Jason Hall and Jeff Santoro break down why it might be time to move on from Etsy(NASDAQ: ETSY) and offer up two stocks they think are better buys...
Customers can directly contact sellers and eliminate the middle man. Moreover, anyone can now sell and advertise a product in the convenience of one's home – enabling one to easily start a business. Therefore, a wide variety of products can often be found on auction sites such as eBay, including second-hand goods.