A
seller's union is what many Etsy sellers are looking to form, according to CNBC. I find this intriguing as this all started when
$ETSY decided on hiking fees by 30%.
Many of these sellers could choose to go on a different platform like
$AMZN or
$EBAY but instead, they wanted to stay on Etsy. They can start their own e-commerce website, but they still want to stay on Etsy.
The fact that Etsy sellers want to stay on the platform and fight for lower fees shows how valuable the platform is to small businesses. As for the union itself, while some see it as a bad thing as it limits the profit growth Etsy could get, it could be the thing that keeps the platform relevant for the foreseeable future. If all the top merchants leave the platform, then the Etsy platform becomes worthless.
Thoughts?