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We just have to solve which market has a larger space to grow in: Market for cheap Chinese goods. Market for handmade trinkets. I have a pretty good feeling
by Workaccount2 5y ago
We just have to solve which market has a larger space to grow in:
Market for cheap Chinese goods.
Market for handmade trinkets.
I have a pretty good feeling that I know which one is more profitable. I'm sure investors know too.
- TheOtherHobbes 5y agoSmall businesses have absolutely no obligation to work for "investors."
- ehvatum 5y agoThat really depends on how the small business is funded.
- Cederfjard 5y agoIs Etsy, a public company with a valuation in the tens of billions, still a ”small business”?
- JAlexoid 5y agoEvery business has an obligation to work for the investor.
- after_care 5y agoSure, the market for cheap imported goods is much larger. It's also more competitive. Do you really think Etsy is going to stand against Walmart, Amazon, etc?
- Aunche 5y agoEtsy is occupying a niche of semi-customized trinkets, a minority of which are hand-made. This isn't a space that Walmart and Amazon seem particularly interested in.
- Nextgrid 5y agoThe problem is that "cheap Chinese goods" is already monopolized by eBay, Aliexpress, Banggood and Amazon. I don't see how they're ever going to break into it.
- naravara 5y agoI don't think it's that simple. The real problem is that people want nice, handmade trinkets at cheap Chinese goods prices. Which is why the cheap Chinese good manufacturers spam their generic AliExpress-tier wares into places like Etsy to fool people as to what they're getting. The websites that function as clearinghouses (Amazon, Etsy, etc.) could figure out ways to prevent it but they have incentives to play along with obfuscation as to which market the consumer is shopping in.