The emergence of E-commerce has made a significant impact in today’s market. It has saved a lot of time when compared to traditional purchases. It also reduced the involvement of middlemen and contributed greatly to cost-cutting. Amazon is one of the largest E-commerce companies, which comes under the big five companies. Etsy is also an E-commerce company that focuses on antiques.
Etsy vs Amazon
The main difference between Etsy and Amazon is that Etsy deals only with handicrafts and antiques, meaning the website only sells those antiques which are more than twenty-year-old. On the other hand, Amazon is a website in which sellers sell different types of legal goods. Amazon comes under the big five companies, making it a large company when compared with Etsy.
Etsy is basically an e-commerce company that only sells antiques and handicraft products (that are more than twenty-year-old). This website connects the sellers to end-consumers. One must become an Etsy seller after paying a small sum. It was founded in the year 2005 by Robert Kalin, Chris Maguire, Hain Schoppik, and Jared Tarbell.
Amazon is one of the biggest E-commerce companies. The founder of this company is Jeff Bezos. Apart from dealing in E-commerce, Amazon also covers the industries such as Artificial Intelligence, electronics, supermarkets, cloud computing, and as such. An amazon’s eligible seller can sell different types of goods (only legal goods).
Comparison Table Between Etsy and Amazon
What is Etsy?
Etsy is an American e-commerce platform. It was founded in the year June 18, 2005. The company’s headquarters is situated in Brooklyn, New York. Etsy was founded by Chris Maguire, Robert Kalin, Jared Tarbell, and Haim Schoppik. It is a platform where one can buy or sell antiques (antiques must be 20 years old), tools, crafts, and handicrafts. Etsy’s employee base is relatively small when compared with Amazon.
An aspiring seller can create a shop within the platform in which he or she has to pay a little few for listing each of their goods. This listing of goods remains on the website for a period of four months. The company also charges a small percentage as a fee for the purchase of every good. Etsy deals in a wide variety such as toys, handbags, pieces of jewelry, wall hangings, arts, collectibles, craft supplies, craft tools, decors, and as such.
It deals with handmade products such as jewelry, soaps, candies, twenty-year-old vintage items, and lastly, craft supplies. One can make their purchase through their website by searching for the desired product in their search bar and making payment in the payment gateway. They also provide categories option in which one can see through the products that come under that head.
What is Amazon?
Amazon is one of the largest Technology MNC companies (public) that operates in several industries, including e-commerce. Jeff Bezos is the founder of Amazon. The parent company was founded in the year 1994. Initially, the platform was launched to sell books, after which it got evolved and now become one of the largest e-commerce sites in the world.
Being a global e-commerce leader, Amazon now comes under the big five companies (Google, Meta, Microsoft, and Apple). Amazon India is also one of the widely recognized e-commerce platforms in India. Amazon is now a major player in India’s e-commerce platforms, competing with other companies. The online retail service serves as a meeting place for buyers and sellers (electronically).
The sellers have to register themselves and create an account with Amazon to sell their products. Amazon provides various options such as inventory uploading payment processing. Here, Amazon charges a little sum (fees) from the sellers. Also, whenever a customer places an order, the seller can either fulfill the order on their own or opt for Amazon logistics service.
Apart from the e-commerce business, amazon also has expanded its business into branches such as cloud computing, supermarkets, artificial intelligence, electronics, and as such. Speaking of the employee base, Amazon has got the largest employee base when compared with Etsy.
Main Differences Between Etsy and Amazon
- Amazon is the biggest MNC that operates in many sectors, including E-Commerce platforms. On the other hand, Etsy is an American-based E-commerce platform that only deals with antiques.
- The founders of Etsy include Chris Maguire, Haim Schoppik, Robert Kalin, and Jared Tarbell. On the other hand, Amazon was founded by Jeff Bezos.
- Etsy was founded in the year 2005. On the other hand, Amazon was founded in the year 1994.
- Amazon has one of the largest employee bases. On the other hand, Etsy has a comparatively small employee base.
- In terms of revenue, Amazon has been recognized as one of the largest revenue-generating companies when compared with Etsy.
Conclusion
E-Commerce has seen a huge surge in recent years. Many E-Commerce platforms have been running successfully in recent times. It has greatly saved time for many people and has given an opportunity for businesses to get a better reach with their customers. Amazon, Etsy, Flipkart are some of the biggest e-commerce platforms.
On the one hand, Etsy is an American-based E-commerce website that only deals with antiques and handicrafts. On the other hand, Amazon deals with the selling of different types of goods (only legal goods). Both the companies charge their seller for selling through their platforms. In terms of portfolio, Amazon has got the biggest and most diversified portfolio, whereas Etsy has got a relatively small portfolio.
References
- https://www.emerald.com/insight/content/doi/10.1108/09590550010349253/full/html
- https://www.sciencedirect.com/science/article/abs/pii/S0378720604001314