People are making thousands of dollars in passive income every month selling products that don't even exist until someone places an order. $34,000 per month—the realistic earnings I've been able to make with print on demand—well over a million dollars. $63,000. $21,000 per month. Multiple six figures in profit. $21,000. But is this actually a realistic side hustle and possible for anyone to do? Well, as an experienced millionaire businessman, I'm going to put this to the test myself by making and selling my own print on demand product.
As this is a side hustle challenge, I'm setting myself the usual rules. Rule one: I must sell under a fake name. Rule two: I can't spend more than $0. Rule three: I must launch the business within 24 hours. Start the timer. The first thing on my plan is to find a supplier with easy-to-use software. For anyone who doesn't know how print on demand works, here's a very quick breakdown: you make a design, partner with a company, and they print and ship your product when someone buys it. This means if we execute everything correctly, then all we have to do is collect our paycheck. So, I'm just going to make a free account with Gelato as they seem to have fulfillment centers all around the world and, from what I can see, have the most straightforward software for me to use.
Right, now we need to decide what kind of product we want to sell. There are lots of different products perfect for print on demand, such as t-shirts, mugs, and bags. But instead of just guessing, I'm going to do some market research to find out what's actually selling well. I like to use TikTok for this kind of thing, as lots of people are using it to promote their print on demand stores because they have an integrated shop feature. You've probably seen the little banner that pops up at the bottom of some TikToks, giving you the option to buy what's in the video. Honestly, my son's girlfriend has bought so much on TikTok shop.
I'm not just looking for one-off videos. I want to find an account that consistently sells the same product. If someone is investing their time in creating multiple videos, it's safe to assume that the product is selling well, right? I think I found the perfect product: wall art. Firstly, based on what I've seen on TikTok, there's a large market of aspiring entrepreneurs who love putting motivational artwork on their walls to keep themselves motivated and working hard. Secondly, wall art is very cheap to make, but it seems from my research that I can sell it for a high price, as it's more of an impulse purchase.
This means that my profit margins will be very good, as I'll make more money per sale. And thirdly, there are so many different ways I can scale this business. Just think, if I grew it big enough, I could even branch out into premium artwork wealthy people can hang in their mansions. Imagine how much I could sell those for. But I'm getting a bit ahead of myself. First, we need to make some designs, right?
I've got a confession to make, and I'm not proud of it. Actually, you know, I'm under a time limit here and I don't really have enough hours left to make my own designs and do everything else on my list. If I was a bit younger, then I could probably use an AI tool like Canva to create the wall art for me. But you guys know I'm a boomer, so it would take me a little while to get the hang of it. And time isn't something I have lots of right now. That doesn't mean I'm about to die, by the way.
So, long story short, I've ordered five different wall art designs from three different sellers on Fiverr. I sent them all this brief: 'I would like you to create an entrepreneurial poster that could be framed and used as wall art. Please come up with your own quote idea and theme. I think something entrepreneurial and motivational would be best. I intend on using the poster size 30 by 40 cm. That's 12 in by 16 in for all our American viewers. I look forward to seeing the design.
This is going to be pretty interesting, as I really don't have time to make any changes, and I'm kind of leaving my fate in their hands. While we're waiting for those designs to come back, let's use this opportunity to make an online store. I've decided I'm going to sell on Etsy, as it's relatively simple and has a low barrier to entry. Platforms like this are great, as they already have an established customer base for you to tap into. The downside is that it's often a race to the bottom,
0 Comments