hey everyone so if you’ve been a longtime subscriber on here you’ll know that my favorite concoction to sell to make money online right now is t-shirts nonetheless because of this partiality it means that i have been seriously neglecting another extraordinary part that you can sell to make money online the classic jug yes as i’ve discussed before on this path mugs “re a great” i miss our make money online given the fact that they are super favourite with customers so i concluded why not shake things up a little bit around here and do a case study of a engrave print-on-demand store that is forming over a hundred thousand dollars a year selling precisely two cups but you know what that’s not all because do you know what i love more than earning a hundred thousand dollars what i love more than earning a hundred thousand dollars is any time that someone takes a moment out their very busy day to give this video a like to subscribe because dangerously every time you hit that like button it genuinely facilitates my video with the youtube algorithm so thank you so much to everybody that takes a moment to do so but yes something else that i love more than earning a hundred thousand dollars is giving a hundred thousand dollars in advantage so yes do not worry these beakers i’m going to show you they are not just making a hundred thousand dollars a year in revenue nope they are earning a hundred thousand dollars a year in benefit and to show you how they are doing that something else i’m going to do in this video is i am going to reverse engineer this collect yes the reverse engineering i’m going to show you how if it was you that had come up with these two mugs to sell that you could have been drawing over a hundred thousand dollars in advantage even if you don’t have an expensive hot pressing machine to print mugs to resell them and even if you aren’t a graphic designer nope no pattern skills necessary or heat mug pressing machine necessary my hope is that by reversal engineering the accumulation i give you some insight for meanings on mugs that you could start selling online right now so let’s begin so this is a mug one of two that is earning over a hundred thousand dollars a year in profit online and as you can see it’s pretty cute isn’t it it’s a practice puppy beaker and yes as i’ll evidence you even if you don’t have a heat pulping machine or even if you aren’t a graphic artist if you’d been the one to come up with this mug idea you could have rostered it for sale and reached big-hearted advantages extremely so the toll starts at 23 for the purposes of an 11 ounce jug but you can pay more to get a bigger beaker you can pay up to 35 dollars to get several pictures of dogs on the mug so for example if “youve had” two hounds you were able to pay extra to get a photo of one bird-dog on the breast and you know one hound on the back and as you can see this mug has been registered for sale on etsy and opening up your own store in etsy like tightly priested here it’s free and as you can see they’ve rostered various components for sale on here now etsy is pretty favourite in the usa and so a lot of americans will once know about it but it is not as popular elsewhere in the world so if you’re watching this and you’ve never heard of etsy and you don’t know what it is it’s an online marketplace same to ebay you just register and start lean produces for sale on here no website expected so it’s a apprentice friendly course to is starting and it’s an extremely popular plaza to sell pots most cups on here they are not made by the dealers themselves they use low-cost print-on-demand services to sell their mugs on here and the cool thing about etsy is because they’ve spend a few million dollars on tv ads in the usa every month 300 million people come here looking for produces to buy so as you’ll see you don’t need to promote the products that you list on now for sale most people who bought this beaker they did not buy this because they witnessed an advertisement for it on facebook instead most people bought it because they came to etsy on their own since they’d heard about it through word of mouth or etsy’s tv ads and then they came to etsy search bar and typed in something like dog pots or dog knacks and they discovered this mug so most of the time etsy vendors don’t have advertising costs for the items they sell because they make their sales through free search engine traffic it constructs it a budget-friendly beginner-friendly way to start selling items online which is why i’ve had several subscribers successfully commencing their first stores on etsy after watching my videos congratulations everybody so while i myself don’t sell on etsy i do use etsy for concoction study in order to develop my t-shirts that i sell well we can apply my investigate proficiencies to beakers as well the first thing i do when experimenting a commodity on etsy as i estimate how much coin i think it’s made and i have a five step formula that i use to do this step one i figure out how many refreshes has been left for an item now here is a pro tip for you if you are doing product research on etsy if you come to a make leaning like this and let’s say it’s got 200 views that is not accurate etsy will merely establish the latest 200 product re-examines for an item on the commodity register so to figure out how many remembers this item actually has you need to click on their storefront and then scroll down to the store’s total reviews and then go through all of its consideration of the item left for an item now it was a little boring but i went through all 247 pages of reviews for the accumulation and i detected two things firstly i discovered 75 or more of the store’s discuss were left in the past 12 months entailing the sales for the collect were mostly constituted in the last year and secondly i weighed 589 evaluates for this custom dog mug and then it’s on to step two where we need to figure out how many reviews that the storage has had in total which is admittedly very easy to find this information is available literally on the make sheet so this store has had 2 463 examines well step 3 is calculating what percentage of those revaluations were for the commodity that “i know i m” researching so if i take the total number of re-examines for this beaker which is 589 and then divide that by the total number of reviews that the accumulation has had which is 2 463 we discover that reviews for this month make up approximately 24 of the total store re-examines which necessitates it’s probably likewise obligating up around 24 of the total sales for the collect as well so then we move on to step four which is when you now take the store’s total sales number which as of now is twenty thousand one hundred and seventy nine and work out what twenty four percent of that is and as you can see it is four thousand eight hundred and forty three auctions so then step five you now take your auctions amount and ages it by the average product price and we’re going to go with a 25 cost degree for this mug since it comes in a variety of different price details and the reviews show but a good deal of parties do upgrade their mug and as you can see we can estimate that this one mug has realise over 120 000 the majority of members of that within the past year so now that we’ve calculated how much coin this jug has attained it’s time to figure out how much of that money is profit now while it is admittedly hopeless for me to figure out the exact profit margins unless i look at the profit loss sheet for the accumulate what i can instead do is reverse engineer the place and establish you what your profit margins would have been if “youve had” been the one to come up with this mug idea and listed it for sale on etsy and use low-cost print-on-demand services to do so because i do want to stress that i never recommend that you come and copy other people’s concoctions and i convey as “youre seeing” others have done so so you know you’d just be joining this competitive bloodbath of other etsy vendors who have already mimicked this idea so instead what i recommend that you do is you take a look at other people’s successful makes and you use these as an inspiration to come up with your own commodities to sell and actually speaking of that while filming this video i came up with a really cool product idea that somebody could make and list for sale on etsy so i’ll talk about something else last-minute in the video but for now back to that whole reverse engineering the accumulate thing i’m sure a lot of you were saying okay sarah you say that if i had come up with this mug idea that “ive been able” scheduled it for sale on etsy but are you seen how much it cost to buy a hot printing machine to realise habit pots and likewise sarah i don’t have 4 843 grey cups sitting around my house waiting for me to print images onto it to sell i am embarrassed well you find my friend that is exactly why print on expect apps exist like this one here printer contend printf is one that i personally use to create and sell commodities online printfire will induce your patrons differentiate they’ll ship it out to your client for you and actually etch a fine has lots of other pieces that you can sell in an online supermarket not only mugs consuming printify you can sell my favorite commodity t-shirts but you are eligible to sell other things as well like face disguises hoodies shower palls pillowcases phone cases different sorts of components but yes to make a mug with printify you just come and click start designing and on here you’ll be elicited to upload a envision that wishes to etched onto your jug and so of course what do you do you upload a illustrate that features the photo of the dog that your customer submitted and the dog’s name printfire will then accumulate this design for you and your database and once you’ve done that at any point you can come and buy one of these pots separately and etched fast mill will literally publish your design onto the mug and that is why the service is called print on demand so what you do is you get them to make one of these mugs and then you give them your purchasers carrying address periodical if i accuse you five dollars and forty six cents per mug with a etched five premium due and six dollars to carry the mug and then printfire’s professional mug factory speak will publish your situation onto that one single individual mug that you told and then they’ll package it up and they’ll ship it out to the customer when you lend the cost of the mug five dollars and forty six pennies with the cost to ship it six dollars that entails printe5 accuses you merely eleven dollars and forty six cents per mug that you buy and by the way if you’re savour this video and you would like to learn even more about starting your own print-on-demand store then you should be sure to download my free ebook the six tips that six figure online places follow to make over ten thousand dollars a month and you’ll find a link to download my free ebook in the video description below but regardles back to the video and as you can see by expending printfire’s publish on requirement busines you can sell makes like cups online without having to acquire them yourself and remember this store that accusing 23 dollars per mug plus if you use a shipping calculator and throw in an american zip code like 90210 you’ll see that they are charging extra for shipping very an 11 ounce cup has an additional 10.94 carrying blame so in total that is 33.94 that then there billing for each cup with shipping included which anyone again could have made and shipped out to the customer using printify for exactly 11.46 but there is a part that i bounced out here isn’t there remember how i uploaded this depict to printify featuring my patrons dog visualize that they uploaded and imparted to me how did i do that well first of all i came to printify and watched that okay they have asked me to upload a rectangle that is 2 700 pixels by 1119 pixels and to place my customer’s photo and textbook on both the left and the right side so that it will get reproduced on both the front and back of the mic okay that is easy enough to do so then i came to this beginner friendly graphic scheme app canva you can get a free 30 -day trial to canva i have a link to that in the video description below as my readers know it’s my favorite graphic design app i use this to make lots of commodities that i sell online with print-on-demand business like printfy so basically all i’m going to do here is upload a picture of my customer’s dog face and then add the verse boasting their word jamie above it and i’m likewise “re going to be” just doing this by dragging and declining text and representations around because i’m not a graphic artist and so to realise paintings like this i really is necessary in order a beginner-friendly tool that just lets me drag and descent components around so canva is perfect for that and as you can imagine once you’ve created this jug template formerly it’s very easy to just create a new one when another purchaser lineups a mug from you all you do is imitation this template that you’ve already made and swap out the photo with your new customer’s photo and then swap out the textbook with the name of their dog so once you’ve made this template immediately organizing new different versions of it for customers it literally takes just one minute so you only swap out the verse and the pictures with new ones and thunder you’re done so now you might be looking at this and thinking well okay sarah i see that you’ve uploaded a picture of your customer’s dog with the principal delicately cut out from the photo how did you do that well the answer is that i didn’t actually do this removing a dog’s brain from an portrait requires graphic editing the competences and i myself am not a graphic artist and so if you’re like me and “youre not” a graphic artist that is okay because for a very small cost you can hire someone else to do this for you on fiverr so this fiverr gig will eat up five photos for you for five dollars plus a and twenty five cent fiverr processing fee so that’s seven dollars and twenty five pennies in total and they revised five photos for me so formerly you part seven dollars and twenty five cents between five photos it meant that each photo costs time a dollar forty five pennies and if you miss even more training about how to use canva to create print-on-demand schemes it’s something i teach inside my premium reproduce on-demand training program the ecom clubhouse to see if my course is right for you i’ll have a link to it in the video description below so then these are all the costs involved when we reversely engineer this business for ourselves so let’s now make push them into an etsy benefit calculator to figure out our profit margins so our piece expenditure is 23 and our send accuse for the customer is 10.94 and our entry expense is five dollars and forty six cents for the mug plus a dollar and forty five penny for the graphic writer to revise the customer’s dog photo so that’s six dollars and ninety one cents in total plus reproduced five attacks are six dollars to send the beaker well whether our customer remunerates with etsy’s credit card processing system with slightly cheaper costs or paypal either way our profit margins are over 50 percent but as i said at start the video this is not the only mug design that is earning the store large-scale revenues nope they have another one yep the earnestly second mug i counted over double the number of remembers compared to the custom dog mug which entails it’s probably top over double the amount of sales as well it’s more popular than the custom-built dog jug and candidly i’m not surprised this is an awesome gift to give to grandparents or aunts and uncles so combined i said that these mugs have sold around 270 000 in the past 12 months and when you account for them having a 50 benefit boundary it means that if you had been the one to sell this you’d have cleared over a hundred thousand dollars in profit in the past year selling these two pots so hopefully this video has inspired you with some the notions of cups that you could create and sell as i said at the start of the video i myself got inspired while i was making it because you know what there are all these cups i don’t see that say things like best baby or things like that you know that’s fine no but you know what none of them peculiarity habit photos so you know what would be cool a pot that lets you peculiarity a photograph of you and your father so yes there are still tons of great opportunities to use personalization to design your own unique pots to sell so did you learn something new if you did please smacked subscribe and click that little notification buzzer so you don’t miss out on any of my videos and as i said it started this video my favourite part to sell online is actually t-shirts and if you’d like to learn more about how i do produce experiment to come up with awesome t-shirt motifs then you should be sure to watch my video 10 tips for creating t-shirts that sell so go ahead and watch my next video and i’ll see you over there
Video Transcript-As found on YouTube
