General summary of unit:
Students will develop a product to sell on Etsy, the unit is written with the focus all of them creating a product with hand sewing, but you could have students produce 3D Printing Objects or hand made projects such as a ring game.
This is not all about students learning or practicing a skill, it is about developing a product where students figure out the material cost, labor costs, and how they can mass produce it if their business takes off.
Skills students need or will develop:
Entrepreneurial Skills: Students will learn to create and develop a product for sale, including understanding market needs, product design, and the steps involved in bringing a product to market. They will gain practical experience in setting up an online store, managing sales, and marketing their product.
Financial Literacy: Students will develop the ability to calculate material and labor costs, set pricing strategies, and manage budgets. They will learn how to determine the cost of production and assess profitability, which are essential skills for running a successful business.
Problem-Solving and Critical Thinking: Students will engage in identifying challenges related to product creation and production, and finding solutions. This includes troubleshooting design issues, optimizing production processes for scalability, and making decisions that balance cost, quality, and customer satisfaction.
Goals For A Final Project:
Students will design and create an item using the various hand sewing skills learned and practiced in this unit and investigate in selling items on Etsy.
Etsy Product Development Vocabulary List
This vocabulary list will help students develop entrepreneurial, financial, and problem-solving skills while creating and selling a product on Etsy.
Entrepreneurship – The process of starting and running a business, including developing and selling products.
Product Development – The process of creating a new product, from concept to final design.
Handmade Goods – Products that are crafted by hand rather than mass-produced by machines.
3D Printing – A manufacturing process that creates objects by adding material layer by layer based on a digital design.
Material Cost – The expense of raw materials needed to make a product.
Labor Cost – The value of the time and effort put into making a product.
Mass Production – The ability to manufacture products in large quantities efficiently.
Pricing Strategy – The method of determining how much to charge for a product based on costs, competition, and perceived value.
Profitability – The ability of a business to generate more revenue than expenses.
Market Research – The process of gathering information about potential customers and competitors to improve business decisions.
Target Audience – The specific group of consumers most likely to be interested in purchasing a product.
Branding – The process of creating a unique name, design, or reputation for a business.
Marketing – Strategies and activities used to promote and sell products to customers.
Etsy Shop Setup – The steps required to create an online store on Etsy, including choosing a name, listing products, and setting prices.
SEO (Search Engine Optimization) – Techniques used to make a product listing more visible in online searches.
Customer Satisfaction – Ensuring that buyers are happy with their purchases through quality products and good service.
Order Fulfillment – The process of packing and shipping products to customers.
Budgeting – Planning and managing money to ensure expenses do not exceed income.
Scalability – The ability to expand production to meet growing demand without sacrificing quality or efficiency.
Quality Control – Ensuring that products meet consistent standards before being sold to customers.