- 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.
- [Narrator] $21,000 per month,
multiple six figures in profit.
(tape rewinding)
- But is this actually a realistic side hustle
and possible for anyone to do?
Well, as an experienced millionaire businessman,
I'm gonna 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
and 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 and partner with a company,
and in return, 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 gonna 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, so 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 gonna 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.
(dramatic music)
Right, I think I've 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
that wealthy people can hang in their mansions.
Imagine how much I could sell those for,
but I'm getting a bit ahead of myself here.
First, we need to make some designs, right?
I've got a confession to make, and I'm not proud of it.
As 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 Midjourney
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 centimeters.
That's 12 inches by 16 inches for all our American viewers.
I look forward to seeing the design.
This is gonna 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 gonna 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 erased at the bottom
as your product is nothing but a commodity,
and it's only compared on price.
Although my designs are unique, there are still a lot
of people selling similar products.
If you wanna build a business that stands to test the time,
I suggest heading over to something like Shopify
and creating your own store.
(bright music)
So it's the next morning,
and I've been sent some designs to review.
I haven't looked at them yet, so let's look at 'em together.
Actually, I quite like this one.
The design looks pretty cool, and the quote is very true.
I'll tell you what, if I had a penny
for every time someone said my success was due to luck
and not hard work, then I'd be rich.
Oh, wait, I am.
This next guy seems to have made five different designs.
Let's take a look.
Honestly, these designs do look pretty basic,
and the quotes are just stating the obvious.
The only one I really like is the last one,
and even that looks like something
I could have done in two minutes.
Okay, so it's all riding on this last seller.
This is actually my favorite design so far.
This next one, I'm not so keen on,
but I can see is at least try to play
with the text a little bit.
Maybe this'll appeal to the girls as it's got that sort
of swirly font.
I think they like that sort of thing.
Right, now we've gotta upload these designs onto Gelato.
Since this is a print on demand product, I don't have to pay
for anything until a sale is made.
So this is great if you're starting out with $0.
So I'm just gonna go to the menu on the left hand side
and select product catalog.
As you can see, there are a lot of different options here,
but I'm of course going to select wall art.
So this pulls up a selection of different types of posters.
Now I'm gonna pick wooden framed posters.
I'm then gonna go with the premium matte paper option,
as I can see that this is the best seller.
And to be honest, I don't think people are really be able
to tell the difference between this
and the museum quality one, but my profits certainly will.
So I'm gonna select 30 by 40 centimeters
as I think this is the best size poster for most houses,
and it seems to be the size most people select.
Then I'm gonna pick vertical
and a black frame color as that's pretty sort
of gender neutral and ready to hang because not assembled.
- Ain't nobody got time for that.
- I'm just gonna repeat the steps with all my designs,
including the ones I didn't like.
After all, I've got nothing to lose,
and who knows, I might even sell some.
(tape rewinding)
Now I've got all the designs uploaded.
I'm gonna go over to the menu and select stores.
This is where you can link your Gelato account
with your Etsy store.
If you don't wanna sell on Etsy, as you can see,
there are lots of different options, right?
I could just upload the designs from Fiverr
right onto my Etsy listing.
But to be honest, they don't look very premium.
So I'm gonna use the built-in mockup
studio by clicking here.
This tool will help me bring the posters to life.
First, we just have to set the dimensions for our file size.
Oh, they have actually on here an Etsy preset,
so I'm gonna just select that.
But you can also set custom sizes if you'd like
to create mockups for things like Instagram stories.
Now we need to select a scene for our mockup.
Oh, now that one looks good.
So let's go with that.
You can zoom in and move around the scene
by just double clicking on it.
So I'm gonna adjust it to make the scene a little bit bigger
so there's more focus on my poster design.
Next, let's select our poster size.
I'm gonna set it to 30 by 40.
As I said before, most poster designs are this size.
These are looking pretty good.
Now, the last step, before we can sell our wall art,
setting a price.
I've just taken a quick look at the Price Navigator tool,
and in here it lays out exactly
what the product costs, how much shipping will set us back,
and even the total profit per sale.
Looking at all of this, I think a good price would be 49.99.
This is a bit high compared to most competitors on Etsy,
which will definitely impact sales,
but I'm willing to take a bit of a risk
because I always think a nice profit margin
is around 50%.
(bell ringing) (bright music)
Right, so I'm over in Miami on business,
but I've been keeping an eye on our side hustle challenge,
and I'll tell you what, I've got some results,
but before I share them with you, check this out.
I actually ordered a couple of our products
and got them shipped to me over here in the USA,
and I think they're pretty good,
and the quality as well is absolutely fantastic.
I think I'm gonna keep these.
Actually, I'm really impressed
with the shipping time as well.
It took three days to get these to us,
which is far better than the Chinese drop shippers,
and that should give us an advantage.
I'd actually always recommend ordering your product
before you start selling it,
because reputation is everything
and you don't want customers
speaking negatively about your product.
So I've left it just a few more days
because things were going nicely.
Now, for the moment you've all been waiting for,
did we make any sales?
Well, yes and no.
Some of the posters generated a few sales
and some didn't even catch a bite.
Overall, we generated 11 saless, which led to 549.89.
But of course, this isn't all profit.
First, we had to pay for designs on Fiverr,
which was 60.77.
Then Etsy take a small cut of 6.5% on each sale, which came
to 35.74, and let's not forget the product
and shipping costs, which came to 371.69.
By the way, as I use Gelato a lot in this video,
I reached out to them and asked them if they could
give you guys some kind of discount on these fees.
They agreed, so with the link in the description,
you can get 50% off your first order.
With all those expenses deducted, it leaves us
with a grand total of 81.69.
Considering that I accomplished all the setup
within 24 hours and now have the designs,
I'll consider this a success.
This means I can continue selling these products
over the next few weeks with minimal additional expenses.
If you guys would be interested in seeing a part two
where I allow myself more time to revamp the business
and see how far I can take it, let me know in the comments.
If you wanna know how to sell blank books on Amazon,
then I'm gonna leave that video right up there,
but don't click on it just yet.
Make sure to subscribe if you want to grow your wealth.
Okay, I'll see you over there.