Revealing the BEST Online Business to Start in 2023

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Hey, everyone. Welcome back to the channel. In today's video, I'm excited to reveal what's behind the curtain on print-on-demand, and explain to you why print-on-demand has become one of the most popular business models out there. Now, if you haven't noticed, there has been a trend lately in the online business space where drop shippers and Amazon FBA sellers are switching to print-on-demand, and I'll explain why in this video. So, for those of you who are interested in starting print-on-demand, or if you just wanna be knowledgeable on where e-commerce is going in the future, this is going to be a great video for you. So in order for this whole video to make sense, first we have to quickly explain what print-on-demand is to make sure that we're all on the same page, because there's several different versions of print-on-demand. So print-on-demand, or you may also see it called POD, is a business model where you as the seller create designs that you think would be good on t-shirts, hoodies, coffee mugs, wall art, or similar items like that and you upload those designs to print-on-demand websites. Now, what's cool about these websites is these print-on-demand websites create a virtual listing of what those designs would look like on those products. Essentially, they are Photoshopping the design that you uploaded onto the product that you're making it available on. Then, these print-on-demand websites literally get millions of people through their marketplaces each month totally organically, so you don't have to pay for any ads for people to come see your design listings. Now, the unique part of this business model is that the physical products are not printed or created until someone places an order for that exact product. What this means is that there's no need to purchase inventory of the products, which makes it a very low risk, essentially free to start business that's very hands off. Now, with all of that being said of what print-on-demand is, there are more and more people shopping online than ever before, so there's also more people interested in selling products online. But what's happening is people are looking for, "How do you sell products online? "What are the popular business models?" And they're coming to basically one of two business models. One is drop shipping and the other one is Amazon FBA. Both of these are great ways to make money online and sell products to all those people making purchases, but for the most part, they're going to come with four really big cons to the business models. These are going to be the reasons why people are switching to print-on-demand. The first reason is the upfront investment to buy your inventory. This is for Amazon FBA, and the average here is somewhere between two and $4,000 they're investing in inventory and then sending to Amazon for them to run the rest of the business. The second reason is that these businesses require hands-on day-to-day management. This is especially true for drop shipping because you have to manage all of the customer service. The third con for these businesses is the ongoing advertising campaigns that you have to be spending money on to bring buyers into your products. And then the fourth con for these business models is that they require expensive software that comes with a steep learning curve. It's not something that you can just start today and start making money tomorrow. So that begs the question of, what is so different about print-on-demand and why are people all of a sudden wanting to switch to print-on-demand from the other business models? Well, the first thing that's really attractive to people is the low startup cost. Since you don't need to invest in any inventory and all of the print-on-demand websites are free to use, print-on-demand is 100% free to start. You can literally start making money as soon as the same day, and I've seen people do it without spending a single dollar. Now, to be as transparent as possible I've been selling print-on-demand for almost 10 years now, so I would call myself more of an advanced seller. So I actually use two paid tools for print-on-demand. One of them is for creating designs and the other one is for researching design ideas. The reason that I want to tell you this is because even the cost of these advanced tools, they total only to $20 per month. So it's not like you're going to have to spend a lot of money to run print-on-demand, even when you get to the advanced stage. The second reason that people are really liking print-on-demand is that it is truly a scalable source of passive income. There are not many businesses out there that can say that. In most business models out there, the bigger you scale that business up, the more work you have to do to sustain it. However, in print-on-demand, it's very unique. All we have to do as sellers is create and upload designs, and the more of them that we can put on these websites, essentially the bigger the business can grow. These print-on-demand websites handle everything else from there. So essentially people are discovering that print-on-demand is just as easy to manage when you're making just $1 profit per month as it is when you're making $10,000 profit per month. There's no additional work for you to do. Personally, what I really like about the business model is that since all we have to do is create designs and upload them to these websites, you can scale this business as big as you want all by yourself. It's basically as much work as you can handle, and you don't have to go hiring other people to manage parts of the business as it grows. Now, the third reason is that print-on-demand requires no paid advertising. Since these print-on-demand websites already get their own traffic, and I'm talking about literally millions of people per month, you don't have to do any advertising to get your own sales. Now, for those of you who didn't know already, Amazon is actually one of the websites that does print-on-demand, and they get about 2 billion people to their website every single month. Trust me when I say you can build up a really big income from print-on-demand without paying for any advertising. And lastly, the fourth reason is that print-on-demand has a small learning curve. Because selling print-on-demand only requires one real job role, which is creating your designs, it's very easy to get started. Now, speaking of that, for those of you looking for a good tutorial, I'll link up my full step-by-step print-on-demand tutorial in the description below. It literally walks you through everything, from the idea of starting print-on-demand, all the way to getting your first sale. And everything's very straightforward, honest, and open, so I really hope you enjoy that video. So with all of that said, it's now probably starting to make sense why people are switching business models and starting print-on-demand. So if you're considering starting print-on-demand, let me give you my four best pieces of advice that I've learned over the years of being a seller. So possibly the single best advice that I can give you if you're just starting out with print-on-demand is to find the little sub-niches within the bigger general niches, and those are the ones that you want to create your designs and upload in. For those of you who don't know how to find these yet, I'll put a quick, quick video down in the description that walks you through how to find these hidden sub-niches step by step. All right, the second really good piece of advice that I can pass on to you is to choose the good print-on-demand websites. Now, something that's interesting is that most new print-on-demand sellers don't realize that you can upload your same design to multiple different websites. By just doing this one simple thing, it can make a huge difference in your sales because you're getting your design seen by a lot more people. This is one of those tips that I really can't emphasize enough, so just make sure that you're uploading to several different print-on-demand websites. The best ones that I can recommend to you right now are Amazon Merch on Demand, TeePublic, and Redbubble. Those are probably my top three recommendations. And make sure that you're not relying on traffic from Printful or Printify, because those are active print-on-demand websites that don't bring you traffic organically. Alright, the third piece of advice that I can pass on to you is to use a t-shirt design tool and make sure that it is copyright free. Personally, when I started my print-on-demand journey, I was creating designs from scratch one by one. At my peak of this, I was creating a couple good designs per day and uploading them to the multiple print-on-demand websites. Now, I thought that was great because it was multiple per day, but then I found out about t-shirt design tools, and that was a real game changer for me. Essentially, there are graphic design tools out there that have tens of thousands of t-shirt templates that you can customize to whatever niche you are going into. This is probably the best budget-friendly way to increase your design output without hiring someone to come on just as a designer. Just to put this into perspective for you, once I started using a t-shirt design tool, my output went up to about 50 designs per day created and uploaded, and the kicker here is that the designs were better than the ones that I was creating from scratch because I had professional templates to start from. Now, before you go just use any t-shirt design tool, my really big piece of advice here is to make sure that it is copyright free and commercially usable. Both of those are requirements in order to make sure that you're not infringing on copyrights or trademarks and you're not going to get your designs taken down. Just to make it easy for you, if you wanna use the same tool that I personally use, I'll put a link down in the description for you. All right, lastly, the fourth tip that is really important that I've learned over the years is to optimize your listings with keywords. Since print-on-demand basically works by creating as many product listings as possible, all on these big print-on-demand websites, and then relying on all their organic traffic to find them, it's really crucial that you put in the keyword of what the niche or the sub-niche is that you're going into in the title and the description of your listing. By doing this, you're going to tell the print-on-demand website what your design is about and where to show it. This way, when all those millions of people come through the website and they're searching for something related to what you have a design in, your listings will actually show up to them. I see it time and time again where people don't have these keywords in there. They could have the best niche with the best design but they don't have the keywords so they don't show up and they're simply just missing out on sales. And there you guys have it. Even though more and more people are coming in to print-on-demand, there are literally tens of thousands of untouched hidden sub-niches that you can still go into. I literally can't fill all of these myself, so that's why I'm so happy to share all of this information so freely. I'll put links to these step-by-step tutorials that I mentioned in this video all down in the description. All of them are honest and straightforward, and I hope you really take advantage of them.
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Channel: Greg Gottfried
Views: 20,534
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Keywords: Revealing the BEST Online Business to Start in 2023, print on demand, greg gottfried, print on demand 2023, chat gpt, mid journey, midjourney, making money with ai, midjourney side hustle, easiest business to start in 2023, leonardo ai, side hustle ideas, make money from home, how to make money with chat gpt, make money online 2023, chatgpt, work from home jobs, make money online, how to make money online 2023, ai side hustle, ai business ideas, business ideas 2023
Id: KItHjxOt1oo
Channel Id: undefined
Length: 9min 11sec (551 seconds)
Published: Sun Jun 18 2023
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