60-Year-Old Etsy Seller Doesn't Let Inflation Douse His Fiery Business, Generates $169,00 In 12 Months
Portfolio Pulse from AJ Fabino
Tim Riegel, owner of Mozark Fire Pit Studio, has managed to maintain strong sales despite inflationary pressures. His business, which sells heavy steel fire pits via Etsy Inc (NASDAQ:ETSY), has generated $169,000 in sales over the past year, despite rising costs of recyclable steel, gas, and packaging. Riegel has managed to offset these costs by incrementally increasing prices and offering more customization options.
September 12, 2023 | 6:34 pm
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Etsy Inc (NASDAQ:ETSY) is indirectly benefiting from the strong sales of Mozark Fire Pit Studio, a seller on its platform. Despite inflationary pressures, the seller has managed to maintain strong sales, which could reflect positively on Etsy's overall revenues.
Etsy benefits from the sales of its sellers. Despite inflationary pressures, Mozark Fire Pit Studio, a seller on Etsy, has managed to maintain strong sales by incrementally increasing prices and offering more customization options. This could potentially boost Etsy's overall revenues, leading to a positive impact on its stock price.
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IMPORTANCE 60
RELEVANCE 75