In times of economic uncertainty and with more people switching to passive income streams, we are constantly wondering how to get started. Earning money in your sleep is almost too good to be true but it is a reality of our world. Thanks to the internet and a boom in e-commerce, it has never been easier to get started from the comfort of your home. While there are many different types of passive income sources, this article will focus on print-on-demand.
Print-On-Demand – Explained
Many of us are familiar with the term dropshipping. In it, you get in touch with a supplier for a certain amount of inventory, set up an online store, and market it to the masses. Every time an order comes through, your online store sends that order to the supplier. The supplier will pack the product, stick your logo on it, and ship it to the customer. This way, you hold no inventory nor do you manage logistics. A predetermined profit-sharing system is established and after some time, the store starts making you money. This is a lot easier said than done. It takes significant research to find a product that is in demand and also has decent profitability.
Print-on-demand is one form of dropshipping. In it, you begin by uploading your designs to a platform such as Printify, Printful, RedBubble, or Amazon Merch-on-demand. Next, you pick the genders, colors, and other relevant information, set a price, add any other required details, and list the product. Each time an order comes through, your platform of choice will print the design on one of your listed items. Finally, the item will be shipped to the customer. In print-on-demand, one is not limited to clothing. With Print-on-demand, you can sell T-shirts, tank tops, different types of hats, mugs, yoga mats, speakers, backpacks, and several other items.
The phrase print-on-demand quite literally means that the item is only printed when it is bought. This allows you to keep costs low because you aren’t producing inventory that sits in a warehouse. Each time an order comes through, only then will it be produced. This will reduce wastage across the board and also keep costs low.
Getting Into Print-On-Demand
Now that you know how print-on-demand works, here’s how to get into it.
Before you start selling, you need to know whom to sell it to. Picking a niche is the first step in your print-of-demand journey. You need to find a niche that is profitable and in demand but you might wonder, how do you do that?
- Use Google. A simple search will give you much of the information you need. It isn’t too hard to find out what is being talked about, searched most frequently, and what people want. For maximum profitability, it is best to find a niche that is relevant to the times since it will allow for a more sustainable print-on-demand business.
- Google Trends. One of the simplest ways to find out what the masses are looking for is google trends. It allows you to search different keywords to gauge their frequency. It shows you the trend of the keyword which will give you an idea of what is happening.
- SEO Tools. Using a tool that leverages keywords and their analytics will serve you well in this space. By understanding which keywords are pulling in the most traffic, you will get an idea of what the masses want. For example, around late October to mid-January, Christmas spikes up.
Once you find your niche, you must decide what it is you want to sell. The most basic items to sell are T-shirts, tank tops, hats, mugs, and stationery. These items are in demand all year around and can be adjusted rather simply. Once again, you could sell items with simple text or animal art. During Christmas time, these designs can be updated with a Christmas theme which would boost your store’s engagement. When picking items, it is important to keep your customer in mind and see what they want. There is no point selling scarves in a place where it doesn’t snow or get uncomfortably chilly.
One of the most important parts of your print-on-demand business is the design. The industry relies heavily on design but this doesn’t mean you need to be an experienced designer to get into it. For starters, you can try your own hand at design using a platform like Canva. If that doesn’t work for you, find inspiration from a site like Pinterest and hire someone to design it for you. There are millions of options to go around and once you find a design that works for you, the next step is to create. Maybe you saw a TV show or movie and loved what one of the characters was wearing. You saw a catchy design or something you couldn’t forget. You can use that as inspiration for your design. On that note, if you want a service to satiate all your video streaming needs and wants, DIRECTV has got you covered. They have a slew of packages available for you to choose from. Click here to find out more!
However, you must never plagiarize someone else’s designs because it is incredibly easy to get caught. In such an instance, you might be suspended or your account could simply be banned.
Take your time and create your own designs.
Once all is said and done, you need to create a store for your products. In a store, you want a homepage, a contact details page, a shipping page, a payment page, and a final order page. You also want to automate the process of sending order confirmation and tracking information. Luckily, these tools can very easily be accessed if you use a platform such as Etsy, eBay, or even your own store using Shopify. With Shopify, there are hundreds of plug-ins to choose from which allow you to automate your store to your heart’s delight.
Print-on-demand is an incredibly easy way for you to make passive income. Once you have it all set up, all you need to do is find a niche, create a design, upload it to a print-on-demand platform, and create a store to sell it. This does require some work and can take time to achieve but once up and running, you have a solid passive income that can swell really well if you play your cards right.
All you need to get started is a computer and an internet connection. Luckily, Spectrum has a wonderful offering for you. Using the link: https://spectrumoffers.com you can get an internet package that works just right for you.