Starting a successful online business can be a daunting task, but with the right tips and strategies, anyone can achieve their goals. In this article, the speaker shares their personal journey of going from being completely broke to generating multiple six figures in profit through print on demand. They provide nine tips that helped them achieve success and offer advice for those looking to start their own online business.
The first tip is to focus on building and keeping momentum. The speaker emphasizes the importance of taking action and moving in the right direction, even if it means taking small steps. They also advise against repurposing designs too early on and instead suggest focusing on one product until it can generate about ten thousand dollars a month. Additionally, the speaker stresses the importance of choosing the right print provider and understanding storefront context to ensure success.
Key Takeaways
- Building and keeping momentum is crucial for success in online business.
- Focusing on one product and choosing the right print provider can help increase profits.
- Understanding storefront context is essential for creating relevant and successful product listings.
Building and Keeping Momentum
When starting an online business, it is crucial to build and maintain momentum in order to achieve success. It is easy to get bogged down in the details and feel like progress is being made by simply learning, but this can be a trap that hinders growth.
To build momentum, it is important to take action and start moving in the right direction. One way to do this is by signing up for all necessary accounts, such as a new Gmail account and associated accounts, which can be done in less than an hour. This may seem like a small step, but taking enough small steps can eventually compound into enough momentum to carry a business towards profitability.
Another key tip is to focus on one product and make that the entire focus until it can generate around $10,000 a month. This allows for the development and honing of successful designs before attempting to branch out into other products. Repurposing designs onto other products can be a lucrative strategy, but only after a solid foundation has been established.
It is also important to offer a limited number of color options for products, as too many options can lead to choice overload for customers and make it difficult for them to make a decision. Additionally, choosing the right print provider is crucial for ensuring quality control, production time, and stock reliability.
Finally, it is essential to ensure that product listings are relevant to the storefront that they are posted on. Good storefronts have images that bring designs to life and make each product look handcrafted. By following these tips, entrepreneurs can build and maintain momentum for their online businesses and increase their chances of success.
Choosing One Product to Focus On
When starting out with print on demand, it can be tempting to try and sell your designs on a variety of products. However, it’s important to focus on one product and master selling it before moving on to other products. This strategy helped the speaker in the video go from zero to generating multiple seven figures in revenue.
The speaker recommends picking one product and making it your entire focus until you can generate around $10,000 in monthly revenue. To do this, the speaker suggests going to the best sellers page on platforms like Printify and focusing on one of these products until you can get it to sell.
Once you have designs that are proven to sell, you can then consider repurposing them onto other products. A great example of this is the shop called Otz Shirts, which has generated around $2.8 million in revenue by taking their best designs from their apparel shop and uploading them onto mugs in their second shop.
When choosing a product to focus on, it’s important to consider the number of color options you offer. Offering too many options can overwhelm customers and make it hard for them to make a decision. The speaker recommends offering less than 12 colors and choosing the colors based on the print provider you decide to use.
Choosing the right print provider is crucial for the success of your business. The speaker recommends working with a company like Printify, which provides white label products and connects you with different print providers. It’s important to consider factors like quality control, production time, and stock reliability when choosing a print provider.
Finally, when creating product listings, it’s important to consider storefront context. Your listings should be relevant to the storefront you’re posting them on, and you should use images that bring your designs to life and make each product look handcrafted. By following these tips, you can build momentum and increase your chances of success in the print on demand business.
Avoiding Customer Choice Overload
When it comes to offering product options, it’s tempting to think that more is better. However, this can lead to customer choice overload and actually hurt your sales. Customers don’t want to sift through endless color options, they want a clear and easy decision-making process.
One way to avoid customer choice overload is to limit the number of color options you offer. Studies have shown that offering fewer than 12 colors can actually increase sales. It’s also important to choose the right print provider, as they can greatly impact your inventory and production times.
Another important aspect to consider is storefront context. Your product listings need to be relevant to the storefront they are posted on. This means using high-quality images that bring your designs to life and make them look handcrafted.
By following these tips, you can avoid overwhelming your customers with too many options and streamline the decision-making process, leading to increased sales and customer satisfaction.
Choosing the Right Print Provider
When starting a print-on-demand business, choosing the right print provider is crucial for success. The print provider is responsible for printing and shipping the products to customers, so it’s important to choose a reliable and high-quality provider.
Printify is a popular platform that provides white label products for print-on-demand businesses. When selecting a product to sell, Printify offers a variety of print provider options to choose from. Each provider may offer different prices, colors, sizes, and production times.
It’s important to research and compare the different print providers to determine which one is the best fit for your business. Quality control, production time, and stock reliability are all factors to consider when choosing a print provider.
For example, Mobster Digital offers a one to three day production time year-round and maintains great inventory for selling apparel. However, other providers may have longer production times and less reliable stock during peak seasons like Christmas.
To avoid overwhelming customers with too many color options, it’s recommended to offer less than 12 colors for each product. This also makes it easier to decide which colors to sell.
In summary, choosing the right print provider is crucial for a successful print-on-demand business. Research and compare the different providers to find the best fit for your needs. Offer a limited number of color options to avoid overwhelming customers.
Understanding Storefront Context
When it comes to print-on-demand business, it is important to understand storefront context. This means that your product listings should be relevant to the storefront that you are posting them on. There are two ways to achieve this.
Firstly, you should make sure that your product images bring the designs to life and make each item look handcrafted. This will help your listings stand out and attract more customers. For example, successful Etsy shops have images that are visually appealing and showcase the uniqueness of their products.
Secondly, it is crucial to pick the right print provider for your business. Printify is a popular print-on-demand platform that provides white label products for sellers. When choosing a product to sell, you will be presented with many different print provider options. It is important to choose a print provider that fits your needs and offers reliable quality control, average production time, and stock reliability. For example, Mobster Digital maintains a one to three day production time year-round and offers great inventory for selling apparel. It is recommended to limit your size and color options to make it easier for you to decide when to sell.
By understanding storefront context and choosing the right print provider, you can optimize your product listings and increase your chances of success in the print-on-demand business.
Generating Traffic
To build momentum and generate traffic, it is important to focus on one product and make it your entire focus until you can get it to about ten thousand dollars a month. Repurposing designs onto other products can be a lucrative strategy but it is important to start with one product first.
Offering too many options for the customer can lead to choice overload. To avoid this, it is recommended to offer less than 12 colors. Choosing the right print provider is also crucial for success in the print-on-demand business. Factors such as quality control, average production time, and stock reliability play a huge role in your business.
It is important to understand storefront context and make sure that your product listings are relevant to the storefront that you are posting them on. Good storefronts have images that bring the designs to life and make each product look handcrafted. By following these tips, you can build momentum and generate traffic to your online business.
Designing and Posting Products
When starting a print on demand business, it is important to build and maintain momentum. This can be achieved by signing up for all necessary accounts, and focusing on one product until it reaches a monthly revenue of $10,000. It is also important to limit the number of color options offered to customers, as too many options can lead to choice overload and decreased sales.
Choosing the right print provider is crucial for the success of a print on demand business. Printify is a popular platform that connects businesses with white label products, and offers a variety of print providers with different prices, colors, sizes, and operating procedures. It is recommended to research and choose a print provider with good quality control, reliable stock, and reasonable production times.
When designing and posting products, it is important to consider storefront context. Product listings should be relevant to the storefront they are posted on, and should be accompanied by high-quality images that bring the designs to life. By following these tips, businesses can increase their chances of success in the competitive world of print on demand.
Starting a Shopify Store
When starting a Shopify store, it is important to build and maintain momentum. This means taking action and moving in the right direction, even if you have a lot of questions and concerns. To build momentum, start by signing up for all of your accounts, including a new Gmail account. This will help you take baby steps towards your goal and eventually compound enough momentum to carry you to the things that will actually make you money.
Another important tip is to focus on one product when starting out. Instead of repurposing your designs across multiple products, pick one and make it your entire focus. This will allow you to master selling one product and increase your chances of success. Once you can hit around $10,000 a month with that product, you can start repurposing your designs onto other products.
When offering products, it is important to offer less than 12 colors. This will prevent customers from experiencing choice overload and make it easier for you to keep track of your inventory. Additionally, choosing the right print provider is crucial to the success of your business. Each print provider operates differently and can offer different prices, colors, and sizes. It is important to choose a provider that has good quality control, average production time, and stock reliability.
Finally, it is important to understand storefront context. Your product listings need to be relevant to the storefront that you are posting them on. This means using images that bring your designs to life and make each shirt look handcrafted. By following these tips, you can start your Shopify store with confidence and increase your chances of success.
