YouTube is such a great place to look for videos offering tips for passive income. If you follow channels like Wholesale Ted, then you’ve already come across print-on-demand services. In fact, Sarah Chrisp is one of the biggest names in e-commerce right now, with eBiz pegging her monthly revenue at roughly $90,000!
Of course, this total revenue is not just from e-commerce alone. Her channel, Wholesale Ted, has roughly 867,000 subscribers and a ton of videos from which she earns from advertisements. Aside from that, she also has affiliate links in her videos that also give her commissions from every successful referral. Of course, she also earns from her e-commerce store whos doing invoice financing for dropshipping and print-on-demand.
In other words, Ms. Sarah has demonstrated the profitability of not just print-on-demand, but also of affiliate marketing and YouTube ads! Let’s set aside the two for a moment, and focus on print-and-demand.
What is Print-on-Demand?
As its name suggests, print-on-demand is a service that prints orders only when they come in. Wholesale Ted is engaged in printing t-shirts on-demand, but those are not the only products that this service covers. You can also sell mugs, books, and other products that need printing to become a viable commodity.
In e-commerce, customers simply put in an order to the seller’s website, for example, Shopify. Shopify then sends a notification to the seller’s preferred printer platform after the customer sends in the payment. This model protects both the seller and the buyer by only initiating a print when payment is made, hence, the name of the service.
There are many platforms that you can choose from if you’re planning to enter this industry. Well-known names are Printful, Printify, SPOD, and many others. In addition, there are various e-commerce websites that you can sign up for to provide the service. Aside from Shopify, there’s also Etsy, for instance. The great thing is, you can sign up for more than one e-commerce platform so you can maximize your income!
Is It Still Profitable in 2021?
The pandemic has, naturally, posed a lot of questions including the profitability of many existing business models. Fortunately, print-on-demand remains profitable in 2021. The demand for t-shirts, books, brochures, mugs, and other printed material has remained the same despite this crisis. Brochures, for instance, have been very helpful in disseminating information during the early days of COVID-19.
Like all businesses, earning from print-on-demand needs strategy and positioning to capture a part of the market. Marketing also plays a big part in your success in this endeavor, as well as due diligence in understanding how the business model works. When you how to make it work to your advantage, then you’re on your way to earning profits from print-on-demand!
As with any endeavor, the first step is always the most difficult. However, once you’ve got the infrastructure fixed, print-on-demand might as well be your cash cow, earning you money even while you sleep. Good luck, and here’s to endless profits and prosperity for your business.
