If you’ve ever wondered about a way to make some money on the side, this video is for
you!
Hi, I’m Hannah from Printful’s Marketing Team!
In this video, I’ll talk about how you can generate passive income with your print-on-demand
drop shipping clothing line fulfilled by Printful.
You’ll learn more about:
* What is passive income * What is print-on-demand drop shipping and
how it works * Pro’s and con’s of this business model
* How you can get started with Printful What is Passive Income?
Passive income is a stream of earnings that doesn’t require a lot of active work to
maintain.
It's relatively easy to start with print-on-demand, but it's not a get-rich-quick scheme.
Like with most extra income streams, you need to put in effort and time in the beginning.
But after that, the process can be easily automated and doesn’t require as much attention.
It's completely free to get started with Printful: no setup costs, minimums, or monthly fees.
Once you make an order, we’ll charge you for fulfillment and shipping.
That makes this income model risk-free.
In case you change your mind, you don't lose any money.
What is print-on-demand drop shipping?
You might be wondering what is print-on-demand drop shipping and how it works?
To answer that question, we first need to look at what drop shipping is in general.
Drop shipping is a business model in which a store doesn’t keep an inventory of the
products it sells, but purchases them from a third-party supplier who then ships the
products directly to your end customers.
You can sell a variety of ready-made products from different suppliers or your own custom
products.
With the print-on-demand model—or POD for short—your custom designs are printed only
as orders come in.
This means, you sign up for a print-on-demand service and connect it to your ecommerce store.
You can create your store on platforms like Shopify, Woocommerce, Wix, or a marketplace,
for example, Etsy, eBay, or Amazon.
You choose the products you want to sell from the catalog of your print-on-demand service,
create and upload your designs, set your profit margins, and wait for the orders to roll in.
Your print-on-demand service takes care of printing, packaging, and shipping your products
to your customers.
This way, you can start your brand online without having to buy large quantities of
products or investing in production equipment and staff.
You don’t have to pay for your products upfront, stock them yourself, or manage the
shipping—you can run your business from the comfort of your home.
Working with print-on-demand can be a great way for you to start a side hustle or go all
in and work on building a brand and running it full time.
Let’s weigh out the pros and cons this business model has to offer.
Pros and cons 1.
You don’t need to print anything in bulk.
In print on demand, the emphasis is on the “on-demand” part—the product will only
be fulfilled once it’s ordered.
2.
Printful takes care of the technical side of your business by fulfilling and shipping
out your orders.
That way you can spend more time creating your designs and marketing your store.
3.
You can easily add new designs and products to your store and test if your customers love
them or not.
Since products are printed on-demand, you’re not making a huge investment in something
that might not sell in the end.
If a design or a product isn’t as popular as you might like, you can easily remove it
from your store.
But like with anything, there are also some cons to the print-on-demand model:
1.
Just like with any drop shipping service, POD means that you don’t see each product
yourself, so you have to trust the fulfillment partner to do their job properly.
This is why it’s important to test your products before you start selling to see how
they look.
With Printful, it’s quite easy to do that—you have the option to order product samples that
come at a discount.
2.
You depend on print-on-demand for products and their availability.
POD companies work with different suppliers to source products or product materials.
This means there are a lot of moving parts, and sometimes products may go out of stock
or become unavailable.
3.
Since every product is printed on-demand, it takes longer to fulfill orders than it
would if you already had available stock.
Our average order fulfillment time is 3 days, and shipping times go on top of that.
As a store owner, you have to manage your customers’ expectations—let them know
that each product is printed on demand and that this takes a bit longer than sending
out an already made product.
4.
Returns management may require more attention.
Since you’re working with a third-party service, there’s more to consider when it
comes to dealing with situations where your customers might want to return a product.
So make sure you set up a return policy that goes hand-in-hand with your POD partner’s
policy.
If a print-on-demand business model sounds like something you want to try out, let's
take a look at what you need to do to get started.
Get started with Printful Starting your own online business can seem
like a scary task.
We have prepared tools and resources to help make this process easy and stress-free.
Take a look at our video “How to create an online store and sell with Printful”
where we explain all the steps you need to take to successfully get started with Printful.
If you want to make sure you’ve checked all the boxes, you can do that with our store
setup checklist!
I wish you the best of luck on the online business adventure!
If you have any questions about the process, let me know in the comments below.
Hey!
I hope you found this video very useful!
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