From Etsy Shop to Multi-Million Dollar Business

Jul 7, 2024

From Etsy Shop to Multi-Million Dollar Business

Introduction

  • Began selling artwork on Etsy on her 18th birthday.
  • Initially sold hand-painted canvas art.
  • Explored various products: wood, trays, water bottles (with Cricut), stickers, ring dishes.
  • Etsy shop was a side gig during college (Loyola Chicago) while majoring in Political Science and History.

Early Phases

  • Etsy experiments included custom orders, quotes, various designs, and different art forms.
  • Started selling stickers in junior year of college.
  • Obtained an iPad through a research stipend which played a crucial role in designing stickers.
  • First popular sticker: RBG quote "Women belong in all places where decisions are being made."

Gaining Popularity

  • Summer before senior year: Ran Etsy shop more full-time, including crafting fairs at local cafes.
  • Instagram became a key marketing and engagement platform despite initial reluctance to use social media.

Scaling Up

  • Wholesale Requests: Began selling stickers wholesale on Etsy and applied to sell on Fair (a wholesale platform).
  • Rejection from Fair initially, but later accepted after showing demand for sticker brands.
  • Intense period of balancing law school and growing business until the pandemic hit.
  • Pandemic: Shifted to online law school which eased the workload and allowed more focus on the business. Started using TikTok with viral success.

Viral Success and Crafting Business Strategy

  • Viral TikTok moments, especially the black floral design, led to notable sales boosts.
  • Considered dropping out of law school but decided to manage both commitments.
  • Realized potential to match law firm income with her burgeoning art business.

Expansion and Workforce

  • By December 2020, outgrew home workspace and moved to an office.
  • Signed a 2-year lease for 1,000 sq ft office and hired part-time employees.
  • Faced challenges like misprints but had viral success with products such as notebooks and planners.

Milestones and Media Features

  • Grew business significantly from 2020 to 2022.
  • Featured on The Today Show during final law school days.
  • Graduated from law school, moved to a larger office, and expanded team significantly.
  • Launched Millan Meadow.
  • Got married in 2022.

Reflection and Future Plans

  • Plans to share major takeaways, lessons, and tips in part two of the series.
  • Encourages viewers to like, comment, and subscribe for more insights.

Conclusion

  • The journey from a humble Etsy shop to a multi-million dollar business involved hard work, strategic decisions, and leveraging social media for growth.