Etsy – an unexplored (for me) frontier

Etsy.com has caught my eye for awhile now. I’m not exactly sure how I found out about it, but it’s intrigued me ever since I’ve stumbled on it. If you’ve been living under a rock, it’s a mecca site for people to sell their homemade goods online. I’ve done a lot of crafting this weekend in preparation for Christmas and it got me thinking – would it be possible to turn something I actually enjoy doing into something that could make me some extra pocket change?

I’ve been mulling around the idea of selling my homemade soap on Etsy, but I’m hesitant. For one thing, I want to do a lot of research on what all goes into selling on Etsy before I make the plunge. Secondly, I’ve never sold anything online before and really have no idea what I may or may not be getting myself into. Third – there are a lot of people selling soap on Etsy, so I’m wondering if I’m stumbling into an already crowded market.

I’m not looking to turn myself into a millionaire, although I won’t lie that I secretly wish Etsy could turn me into one (don’t we all?). I’m really looking for some extra cash to help pay the bills. Or maybe buy Sax Guy some cable television. Or buy more chickens.

Are any of you on Etsy? Could you tell me your experiences and/or share some tips? Some real-world feedback would help me get off the fence.