Necklace by Lorelei Eurto
To get started you would pick a name for your store. With some images you can make a header. You fill out a few more blank fields with information, and voila you have a store. When you add a product, it's a nice little form to fill out with the name, description, tags, and price. Next you upload a photo from your computer and you're ready to sell.
Obviously, that's the basic explanation of how Etsy works Thankfully, Etsy has a great tutorial section on getting started. They also have message boards for help. I asked a question on the boards and got 4 answers within 30 seconds, now that's fast.
Earrings by GemHeaven
This is the best part you pay 20 cents for a product and then it's a 3.5% commission when you sell. As you can see, this might be a good option for testing the waters instead of putting out the money for web design and monthly hosting fee. Etsy uses PayPal; they invoice the customer once they have placed an order. It is deposited in your account and you are ready to ship your order. They also have an option to print a shipping label through the site.
Beyond Set Up:
Once you get up and running with a few pieces, make sure you let everyone know you're here. It takes time to build customers. There are lots of options for driving business to you shop. The best way to get a feel for the store is to check out some Etsy stores and search the site. There are promotion options online through Etsy also.
Here are a few of the Art Bead Scene Contributors Etsy shops