Using Print On Demand (POD) To Make Money
Using Print On Demand (POD): Print on demand (POD) is another popular way to earn money online and if this is something you’d like to know more about, then read on.
Many individuals have adopted this business model because it has a lower overhead than other businesses. Print on demand is similar to dropshipping in the sense that you don’t need to carry inventory or ship out products to customers yourself. Although, it isn’t the same.
There are two slight differences. First, you can make your own custom products, which is great for brand recognition. Second, you can choose from specific items rather than a vast range of categories. Most print-on-demand companies offer products that are easy to print on, like t-shirts, mugs, and tote bags.
The best way to make money with your print-on-demand business? Free marketing channels. Your best bet would be to promote your products for free on Instagram and Pinterest, and through social media influencers who convert their audiences well.
A print-on-demand business, just like every other business model, has its own set of pros and cons. There are much great print-on-demand companies for you to research and work with. These include, but are not limited to,
– Printful
– Printify
– CustomCat
– SPOD
– T-Pop
– JetPrint
– teelaunch
– Gelato
– Gooten
– Printy6
Print-on-demand clothing services from companies include printing, designing, editing, and shipping. For print-on-demand book publishing other services could include proofreading and distribution. You can use most of these print-on-demand services directly through your Shopify store.
Best Selling Print On Demand Products
Print-on-demand products are popular for many different reasons. Customers may buy one product from a store for their own personal use. Depending on your store, though, you may entice customers to buy more than one thing. Profiling your customer’s personalities correctly and creating designs that resonate with them can lead to customers purchasing many items from you over a period of time.
Popular print-on-demand products include:
– T-Shirt
– Mugs
– Hoodies
– Towels
– Notebooks
– Phone Covers
– Stickers
– Stationery
– Prints
– Bags
Print-on-demand dropshipping is a great business model for entrepreneurs young and old. Here are a couple of pros for print-on-demand dropshipping.
– You’ll Have Your Own Custom Products
It can be a pretty cool feeling to have someone buy a product that you designed yourself. Most print-on-demand suppliers allow you to design your own clothing like on-demand t-shirt printing, dresses, and leggings. They might also have products like phone cases, tote bags, and canvas that you can customize. Not just this but print-on-demand books also exist. If you’re a graphic designer or a creative person, designing your own products can be a fun experience.
– You Can Build Your Own Brand and Clothing Line
Not only can you create your own products, but you can also build a strong brand that people can identify with and that you can print on the back of your mug or t-shirt. It’s a great way to share your values and greatly impact people’s identity (what you wear is what you are, right?). You can build a unique clothing line and then find manufacturers to up your game once you have made a lot of sales in POD to help increase your margins.
– You’ll Get The Perk of Good Shipping Times
Compared to regular dropshipping, POD dropshipping gives you the advantage of working with US and European suppliers. That’s because the best POD companies are based in these regions. Offering good communication and fast deliveries, these companies allow POD stores to boost conversions and loyalty.
– You Can Cross-Sell and Upsell Products Easily
Print-on-demand dropshipping offers lower shipping costs when you buy more products. What you could do is cross-sell and upsell items to keep costs low. For example, you can sell a cap to customers who buy a t-shirt from your website. Another option is to bundle products to make them attractive for the customer to buy, such as offering three t-shirts for the price of 2 and even throwing in a gift. These kinds of things can help increase your average sales and revenue.
– You Might Be Able to Do Custom Packaging
While most print-on-demand suppliers don’t allow you to design your own boxes or add marketing inserts to your packages, some allow you to add your logo on a receipt or a sticker for your package. This can be helpful in building your print-on-demand business.
– You Can Make Good Margins and Keep Cash Flowing
If you set your prices right and choose the right dropshipping suppliers offering POD services, you can sell products at a good margin. Of course, product costs and shipping costs are two different things, so you’ll need to calculate your prices very carefully to generate good cash flow.
– You Can Sell Your Products On Various Channels
If you create a POD store on Shopify, you can sell your products there and on marketplaces like Amazon and eBay. It’s also possible to engage in social selling by listing your items on Instagram and Facebook. Have customers who reach out frequently via Facebook Messenger? Use Shopify’s Messenger sales channels to sell directly from those conversations. Essentially, you can sell across channels and get more eyeballs on your products, which can bring you your first sale faster.