9 Tip BEFORE You Start Print on Demand - My Thoughts After $1,000,000+

Summary

This video script shares the journey of building a successful print-on-demand business from scratch to a multi-million dollar venture. The speaker offers nine key tips, emphasizing the importance of momentum, focusing on one product, limiting color options to avoid choice overload, choosing the right print provider, understanding storefront context, leveraging organic SEO and ads for traffic, utilizing PayPal credit for cashback, growing an email list for increased profit, and embracing AI tools to boost efficiency. The speaker also stresses the necessity of patience and learning the skills required for business success, likening it to earning a pay raise through hard work and dedication.

Takeaways

• 🚀 Start with Momentum: The importance of building momentum by taking action instead of just consuming information.
• 🔑 First Steps Matter: Sign up for necessary accounts to kickstart the business and avoid procrastination.
• 🎨 Focus on One Product: Initially, concentrate on perfecting one product rather than spreading efforts across multiple products.
• 📈 Scale with Success: Once a product reaches a significant sales milestone, consider repurposing the design onto other products.
• 🛑 Avoid Choice Overload: Limit color options to prevent customer confusion and simplify inventory management.
• 🏭 Choose the Right Print Provider: Select a provider that aligns with your business needs for quality, pricing, and reliability.
• 🏷️ Understand Storefront Context: Tailor product listings to fit the platform's audience and expectations.
• 🌐 Drive Traffic Strategically: Utilize both organic SEO and paid advertising to increase visibility and sales.
• 💳 Utilize Business Credit: A credit card like PayPal's can offer cashback benefits, aiding in business growth.
• 📧 Grow an Email List: Email marketing is crucial for increased profits and customer retention.
• 🤖 Embrace AI Technology: Leverage AI tools to boost productivity and efficiency in various aspects of the business.
• 🔧 Learn and Earn: Acquiring new skills is essential; be prepared to learn before earning substantial income.

Q & A

What is the main topic discussed in the video script?

The main topic is the speaker's experience and tips for success in the print on demand business, going from zero to a multiple seven-figure business.

What was the speaker's initial challenge when starting out in the print on demand business?

The speaker's initial challenge was building and maintaining momentum, as they spent months watching videos and learning without actually growing their business.

Why is it suggested to sign up for all associated accounts early on in the business?

Signing up for all associated accounts early on helps to build momentum by taking the first steps towards starting the business, even though it's a small step.

What is the speaker's advice regarding the focus on product design in the early stages of the business?

The speaker advises to focus on one product and not to repurpose designs across multiple products until the business can generate about ten thousand dollars a month from one product.

Why is repurposing designs considered a waste of time in the early stages of the business?

Repurposing designs is considered a waste of time early on because the first designs may not be good enough to sell well across various products, and it's more effective to focus on one product to build sales momentum.

What is the significance of focusing on one product to reach a certain sales threshold?

Focusing on one product allows the entrepreneur to master selling that product and ensures that the designs are effective before expanding to other products.

What mistake did the speaker make regarding customer options in the early stages of their business?

The speaker offered too many color options for customers, which led to choice overload and confusion, making it difficult for customers to make a decision.

Why is it recommended to limit color options for products?

Limiting color options prevents choice overload, makes it easier for customers to decide, and ensures that print providers can maintain stock reliability.

What is the importance of choosing the right print provider for a print on demand business?

Choosing the right print provider is crucial as it affects product quality, production time, stock reliability, and overall customer satisfaction.

What is the speaker's advice on storefront context when listing products?

The speaker advises that product listings need to be relevant to the storefront they are posted on, as different platforms have different aesthetics and customer expectations.

Why is it suggested to focus on organic SEO or paid ads for traffic?

Focusing on organic SEO or paid ads helps to drive traffic to the product listings, which is essential for sales. The choice between the two depends on the budget and the number of designs available for different interest groups.

What is the benefit of opening a PayPal credit card for business purposes?

The PayPal credit card offers cash back on all spending, which can provide significant tax-free cashback, helping to increase business profits.

Why is growing an email list considered important for an online business?

Growing an email list is important as it can greatly increase profits and provide a significant return on investment, making the transition from platforms like eBay or Etsy to Shopify smoother.

What potential benefits does the speaker see in leveraging AI for business purposes?

The speaker sees AI as a tool that can potentially increase output and efficiency in various areas of the business, from design creation to other operational aspects.

What mindset did the speaker adopt to learn the skills needed for a successful business?

The speaker adopted a mindset of learning and working for free initially, similar to getting a job and working for a pay raise, by posting a large number of listings before critiquing their performance or worrying about earnings.

Why is implementation considered the key difference between success and failure in the business?

Implementation is key because the process of building a business is simple and low-risk, but it requires consistent action, patience, and the ability to handle the mundane tasks involved in growing a business.