Income streams that made me $650K+ last year (all because of a $3 digital product)

Bailey
29 Feb 202427:16

Summary

TLDRThe speaker shares their entrepreneurial journey, detailing the progression from a simple Etsy digital product to five interrelated businesses generating $65,000 to $75,000 monthly. They recount the transition from labor-intensive glitter resin cups to scalable sublimation tumblers, the creation of digital designs, and the establishment of a membership site and course community. The video also discusses passive income sources, a new physical product venture, and the decision to pivot from Etsy to Shopify for greater control and profit.

Takeaways

  • 🚀 The speaker has built five semi-related businesses over the last three years, starting from a simple $3 digital product on Etsy.
  • 📈 Initially, the speaker made a transition from time-intensive glitter resin tumblers to sublimation designs due to health concerns during pregnancy, which led to a scalable business model.
  • 💼 The business evolved to include digital design sales, which allowed for a more passive income stream and a shift away from hands-on production.
  • 🌐 Bailey Design Co., the first business, now operates with a more passive approach, bringing in over $10,000 a month from organic sales of previously viral designs.
  • 🔑 The second business, Bailey Tumbler Designs, operates on a membership subscription model, offering unlimited access to designs and generating $15,000 to $20,000 monthly.
  • 📚 Digitally Purpose is the third business, a hybrid course and community for those interested in selling digital products on Etsy, earning an average of $20,000 to $25,000 a month.
  • 📺 Unpredictable passive income sources such as AdSense, affiliate income, and brand sponsorships make up the fourth business, with earnings fluctuating around $5,000 to $22,000 a month.
  • 🛍️ The fifth business is a physical product business, which the speaker plans to grow significantly using the established infrastructure and audience from previous businesses.
  • 🔄 The speaker has experienced challenges with Etsy's policies for new accounts, leading to the closure of an Etsy shop and a pivot to Shopify for the new physical product business.
  • 🔑 The decision to return to physical products is driven by the speaker's multi-passionate nature and the ability to support family members with jobs that offer flexibility and fun.
  • 🎯 The speaker has set an ambitious goal to reach $100,000 in combined monthly income across all businesses by June, with the new physical product brand aiming for $40,000 of that.

Q & A

  • What was the initial business venture that the speaker started with?

    -The speaker started with creating and selling a simple $3 digital product on Etsy.

  • How many businesses does the speaker currently run, and what is the monthly income from these businesses?

    -The speaker runs five businesses, which together consistently earn over $65,000 to $75,000 a month.

  • Why did the speaker transition from making glitter resin tumblers to sublimation tumblers?

    -The speaker transitioned because glitter resin tumblers were time-intensive and expensive to make, and not scalable, while sublimation tumblers required no hazardous chemicals and had a much simpler and quicker process.

  • What was the turning point that led to the creation of digital designs for tumblers?

    -The turning point was the speaker's pregnancy with their third child, during which they couldn't work with epoxy due to health concerns, leading them to explore other types of tumblers.

  • What is the name of the speaker's digital design business on Etsy?

    -The name of the speaker's digital design business on Etsy is Bailey Design Co.

  • What is the monthly income of Bailey Design Co. currently?

    -Currently, Bailey Design Co. brings in a little over $10,000 a month.

  • What is the business model of Bailey Tumbler Designs, the speaker's own website?

    -Bailey Tumbler Designs operates on a membership subscription model, offering unlimited access to all designs for a monthly, yearly, or lifetime fee.

  • What is the name of the course and community the speaker created for those interested in selling digital products on Etsy?

    -The speaker created a course and community called Digitally Purpose.

  • What is the nature of the unpredictable passive income business mentioned by the speaker?

    -The unpredictable passive income business includes sources like AdSense from YouTube videos, AdSense equivalent on TikTok, affiliate income, and brand sponsorships, which are variable and can't be reliably predicted.

  • What is the speaker's strategy for the new physical product business?

    -The speaker's strategy is to sell the new physical product through a Shopify store, driving traffic primarily from TikTok, and is considering the use of TikTok's shopping platform and affiliates for marketing.

  • Why did the speaker decide to pivot away from Etsy for the new physical product business?

    -The speaker decided to pivot away from Etsy due to issues with new account restrictions, order suppression, and held funds, opting for more control and lower fees with Shopify.

  • What is the speaker's goal for the new physical product business by June?

    -The speaker has set a goal to hit $40,000 a month with the new physical product brand by June, which would bring the total combined income of all businesses to $100,000 a month.

Outlines

00:00

🚀 Launching Multiple Businesses: A Journey from Etsy to Success

The speaker reflects on the success of their businesses, which started with a simple $3 digital product on Etsy and grew to generate $65,000 to $75,000 monthly across five different ventures. Initially, they made glitter resin tumblers, which were time-consuming and expensive, leading to a search for scalable alternatives. The discovery of sublimation tumblers allowed for faster production and greater scalability. As the speaker's family grew, they sought more passive income opportunities, transitioning from physical to digital products and eventually to a membership subscription model for their designs.

05:01

📈 Scaling Digital Designs and Transitioning to Passive Income

The speaker details the evolution of their digital design business, which began with the creation of sublimation tumblers and expanded to a membership website offering unlimited access to designs. They emphasize the importance of not relying on a single marketplace, leading to the establishment of their own website, Bailey Tumblr Designs, which operates on a subscription model. The speaker also discusses the shift in focus from Etsy to their own platform, responding to a comment about their shop's decline, and clarifies that the decline is intentional due to the growth of other businesses.

10:01

🛍️ Diversifying Income Streams with Courses and Community

The speaker introduces 'Digitally Purpose,' a course and community hybrid that teaches design and sales of digital products on Etsy. They highlight the benefits of this approach, including personalized shop audits, live Q&A sessions, and weekly training. The income from this venture is semi-passive due to the ongoing interaction with the community. Additionally, they discuss other income streams such as AdSense from YouTube and TikTok, affiliate marketing, and brand sponsorships, which contribute to unpredictable but significant monthly revenue.

15:01

🔄 Navigating Challenges with Physical Products and Platforms

The speaker discusses the challenges faced when attempting to scale a physical product business on Etsy, including order suppression and delayed fund releases due to Etsy's policies for new shops. As a result, they decided to close their Etsy shop and move to Shopify, which offers greater control and lower transaction fees. They also consider the potential of TikTok's shopping platform and the benefits of using affiliates for marketing. The speaker shares their thought process behind these decisions and the strategic reasons for each move.

20:03

🔄 Pivoting Back to Physical Products with a Digital Mindset

Despite previously transitioning from physical to digital products, the speaker explains their decision to reintroduce physical products, leveraging the infrastructure and experience gained over the past three years. They discuss the advantages of having a team to handle fulfillment and the ability to focus on product design and marketing. The speaker also mentions their plans to use TikTok for marketing and considers the potential of the TikTok shop and affiliate program to increase sales.

25:06

🎯 Setting Future Goals and Reflecting on Business Growth

The speaker sets an ambitious goal to reach $40,000 monthly income with their new physical product brand, which would bring their total business income to $100,000 per month. They reflect on the growth of their businesses from micro ventures to significant income streams and express their gratitude for the journey. The speaker invites viewers to follow their progress and shares their openness to feedback and questions about specific business aspects.

Mindmap

Keywords

💡Digital Product

A digital product refers to any item that is intangible and delivered electronically, such as e-books, software, or digital designs. In the video, the creator discusses their transition from physical to digital products, specifically digital designs for tumblers, which became a significant part of their business growth and income.

💡Etsy

Etsy is an e-commerce platform focused on handmade or vintage items and craft supplies. The video script mentions Etsy as the marketplace where the creator initially sold their digital products, leveraging the platform's audience and search capabilities to grow their business.

💡Sublimation Tumblers

Sublimation is a printing technique that uses heat to transfer dye onto materials like ceramics or metals. In the context of the video, sublimation tumblers are the physical products that the creator made, which involved a simple process without hazardous chemicals, contrasting with the earlier glitter resin tumblers.

💡Passive Income

Passive income is revenue that requires little to no effort to maintain after the initial setup. The video script discusses the concept of passive income, challenging the notion that it is entirely hands-off and explaining how the creator's businesses have elements of passive income, such as the recurring sales from digital designs.

💡Scalability

Scalability refers to the ability of a system, process, or business to handle growth. The video mentions scalability in the context of the creator's transition from time-intensive glitter resin tumblers to sublimation tumblers, which were easier to produce and allowed for greater order volumes.

💡Membership Subscription Model

A membership subscription model is a business model where customers pay a recurring fee to access a service or product. The video describes the creator's own website, Bailey Tumbler Designs, which operates on this model, offering customers unlimited access to digital designs for a set period or lifetime.

💡Digitally Purpose

Digitally Purpose appears to be the name of the creator's course and community offering, which is a hybrid of educational content and a supportive community for those interested in selling digital products on Etsy. The video script highlights this as a significant part of their business, providing ongoing training and personalized support.

💡AdSense

AdSense is a program run by Google that allows website publishers to earn money through advertising. In the video, the creator discusses AdSense as a source of unpredictable passive income, which includes revenue from YouTube and potentially other platforms like TikTok.

💡Affiliate Income

Affiliate income is the money earned through marketing other companies' products and receiving a commission on sales made through affiliate links. The video script mentions affiliate income as part of the creator's revenue streams, where they recommend products and earn a percentage from sales made via their links.

💡Hybrid Shop Method

The hybrid shop method, as described in the video, is a business strategy that combines selling digital products with print-on-demand physical products. This method is designed to build a specific audience and email list, creating a sustainable business model. The creator is considering this method for their new physical product line.

💡Shopify

Shopify is an e-commerce platform that enables users to set up their own online store. The video script discusses the creator's decision to move their new physical product business from Etsy to Shopify to avoid Etsy's fees and control over the sales process, aiming for greater profitability.

Highlights

The speaker transitioned from a $3 digital product on Etsy to earning $65,000 to $75,000 a month across five different businesses.

Initially started with time-intensive and expensive glitter resin tumblers, which were popular but not scalable.

Switched to sublimation tumblers, which were easier and faster to produce, allowing for better scalability.

During pregnancy, the speaker sought a more passive income stream and started creating digital designs for tumblers.

In January 2022, the speaker removed all physical products from their shop and focused on digital designs, leading to a $115,000 month in March.

The speaker's designs went viral on TikTok, significantly boosting traffic to their new digital shop.

Bailey Design Co., the first business, was built around the Etsy shop and brought in $45,000 a month at its peak.

Bailey Design Co. now operates more passively, bringing in over $10,000 a month with minimal new content.

Bailey Tumbler Designs is a membership subscription model website that offers unlimited access to designs.

The speaker emphasizes the importance of not relying on a single marketplace and diversifying business models.

Digitally Purpose is a course and community hybrid offering training, shop audits, and Q&A calls for Etsy sellers.

The unpredictable passive income business includes AdSense, affiliate income, and brand sponsorships.

The speaker discusses the challenges of scaling a physical products business on Etsy and the decision to pivot to Shopify.

The new physical product business is part of a hybrid shop method, combining digital and print-on-demand products for a specific niche.

The speaker has set a goal to hit $40,000 a month with the new physical product brand, aiming for a total of $100,000 a month across all businesses.

The journey from physical to digital and back to physical products showcases adaptability and leveraging existing infrastructure.

The speaker's approach to business involves building a loyal audience, an email list, and focusing on repeat customers.

The decision to potentially use TikTok shop affiliates for marketing leverages the growing platform and its opportunities.

Transcripts

play00:00

so thanks to the overwhelming response

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and support that I got from last week's

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email newsletter I decided to make this

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video to break down the five businesses

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that I currently run and how they are

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all semi-related to each other but they

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were built upon each other so it's not

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like I started these five businesses all

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at once this has all been a progression

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over the last about 3 years to get to

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this point from where I created a simple

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$3 digital product on Etsy and turned

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that into something that consistently

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earns me over

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$65,000 to

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$75,000 a month across the five

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different businesses so to really

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understand how I even started making the

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digital designs that got me the first

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big initial success I need to take a few

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steps back and show you the types of

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cups that I was making um before I fell

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into the world of sub sublimation

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designs so if you aren't familiar this

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is a glitter resin Tumblr so it's made

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with epoxy and all different types of

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glitter and paint um there's even vinyl

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on it if you are personalizing it um so

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these were very popular and trendy back

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um a few years ago they're still pretty

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popular um but they are very time

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intensive and expensive to make they

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will average about one to two weeks to

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make one if you are doing this um

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correctly and we just found that with

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the amount of orders that we were

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getting it just simply was not scalable

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because you always have to be working to

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fill your orders and it just is too long

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of a Time process to really scale it

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beyond the six figures that we wanted to

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so while I was pregnant with a third

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child I couldn't really work with epoxy

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anymore since it is not recommended for

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your health I decided to try and find

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other types of tumblers

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that didn't involve resin and epoxy and

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everything that went along with that so

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I found the sublimation tumblers which

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came out um a good three year three or

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four years ago but I stumbled upon these

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because it was a version of Tumblr that

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didn't require any hazardous chemicals

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and it was a very simple process taking

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only about 5 minutes to make one of

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these versus the two weeks to make one

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of these so um we got again really

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successful with the sublimation tumblers

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we were getting over 50 orders a day at

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times and we were um able to scale that

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much much easier just because it only

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takes about 5 minutes to make it you

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simply just press your design onto the

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cup once you print it and then you box

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it up and it's good to go so those again

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over six figures we were doing and I

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just wanted to find because again I was

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pregnant with the fourth child at that

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time something to find that I was not

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needed to be so handson on the business

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so I wasn't going to be the one making

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the cups so I really started looking for

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something that would be more passive and

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now that I think about that CU I just

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totally do not believe in the word

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passive income because it's just this

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negative connotation that YouTube has

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kind of put on this make money online

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space and that anything can be passive

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when that's just really not the case

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there are ways to set things up so that

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they might be more passive but it really

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isn't um a real thing but I digress so

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um I decided to just make the digital

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designs for these since I was familiar

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with the audience of who bought these

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cups I knew that I would be able to

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create designs that people would want um

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to purchase and then that would be it

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from me they would just be purchasing

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the digital file it's more of a

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businesso business transaction meaning I

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am selling the digital design to a

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business owner like myself who made the

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Tumblers before and then they would then

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make the cup and then sell to their

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customer so in

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2022 um I of January 2022 January I

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removed all of the physical Products off

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of my shop and I just started adding

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digital designs for those 20 o skinny

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tumblers and by March I had close to 500

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listings and it was in March um the

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middle of March that I had my first

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$115,000 month so I did have a few

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designs that did go viral and I was um

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putting those types of designs out on

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Tik Tok as well so I did have an influx

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of customers I had several of them go

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viral at the same time so that is what

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brought in the initial boost of traffic

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into a brand new digital shop even

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though it wasn't a new shop I only had a

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couple hundred reviews and um a couple

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thousand sales it wasn't like I had a

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huge store I didn't even have over

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10,000 sales now that I think about it

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so it was really that external marketing

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on Tik Tok I think and a couple videos

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that went crazy that brought in those

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initial customers so fast forward to now

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February

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2024 um we'll go into the five

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businesses that have all been a result

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of these um digital files for tumblers

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and that is the first business which is

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obviously Bailey designed Co which is

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probably the one that you're all the

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most familiar with since that is what

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this channel has been built around since

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I have shown the shop the things that I

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have imple um implemented into my shop

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the way I design and marketing

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strategies that I have applied to grow

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that shop to what it was at the height

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of Bailey design Co last year it was

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making $45,000 a month consistently and

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I do have a video about that um right

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here is is this video um kind of going

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over how I got to that point if you are

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interested in you're just randomly

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finding this video and me for the first

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time and have no idea what I'm talking

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about I really would recommend you watch

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that video after this one so these days

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Bailey design Co brings in a little over

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$10,000 a month and this was kind of in

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response to um a comment that I got a

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few weeks ago on a YouTube video about

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uh pointing out that my shop is only

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been steady declining and that I

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basically don't know what I'm talking

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about but I wanted to address that in

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the email which is what I did and U the

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response was so positive and supportive

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and overwhelming and I just wanted to

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point out that while this shop did is

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declining from what it has been there is

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a specific reason for it and that is

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because there has been four other

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businesses built after that that have

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totally taken over as far as Financial

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as far as my time and I'm not putting as

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much effort into Bailey design Co

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because it basically runs itself now I

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do add designs consistently to it but

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they are not designs that I am creating

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to go viral and um try to bring in as

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much sales as I can the only designs

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that I even create for this store now

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are based off of customer requests and

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I'll get into where I get those requests

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in a moment but they're not designed to

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go viral so this store is bringing in

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the 10,000 that it is just on the sales

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that are um just coming in organically I

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do not run ads anymore on this store I

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don't actively promote it on any social

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media platform so for me just by adding

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the few designs that I do each week it

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is a pretty passive source of income

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because most of those sales are coming

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from original old viral designs so

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moving on to business number two is

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Bailey Tumblr designs which is my own

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website and it is a membership

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subscription type model so every design

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that is on Bailey design Co goes into my

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own website this was big for me starting

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out um on Etsy because I am very

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familiar with the platform and I just

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know that you should never ever rely on

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One Marketplace so pretty much 6 months

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after I started the designs um solely I

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went ahead and started my own website so

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that would have been June 2022 and I

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didn't get no it was a little bit

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earlier than that because I had um I

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think I started it just a few months

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right after I kind of went viral the

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dates are are getting all mixed mixed up

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now anyway the um Bailey Tumblr designs

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is just a membership subscription model

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it works just like creative Fabrica

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people can purchase monthly yearly or a

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lifetime op option and then they have

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unlimited access to all of my designs so

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that is what I mean when I create my

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designs these days that go on the Etsy

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shop I am creating for from requests

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that I get from those membership

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customers since they are entitled to a

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certain amount that we have set up that

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they get each month I heavily focus on

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what they're requesting within my

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Facebook group that was built for Etsy

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customers and membership customers as

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well as a place to grow my group my

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audience and I take monthly requests in

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that group and fulfill as much of them

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as I can so I would say that now since I

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have built my audience again that

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Facebook group of over 10,000 people and

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I have built my email list for those

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Tumblr customers um to close to 19,000

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people that the Bor Bailey Tumblr

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designs um Club is pretty passive

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because it is just the same designs that

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I am making making for Etsy they just go

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onto the membership site as well so that

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pretty much fluctuates every month

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between $ 15 to $20,000 a month because

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you have um reoccurring customers

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there's always going to be a percentage

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of them that will drop off each month

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but they might come back two months

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later and repurchase again it also

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varies too because many people will

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choose to buy a year membership so that

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they're not paying monthly or every now

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and then

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which is pretty consistent you'll get

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those ones that are much higher ticket

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and they will purchase a lifetime access

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so business number three was again built

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off of the Tumblr designs success

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because last year I was starting to get

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and this is Middle 2023 so many requests

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either via email or my Etsy Shop asking

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if I actually taught how to design

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Tumblr reps and how to sell digital

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products on Etsy so digitally purpose

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which is my course community and I call

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it that because it is a course and a

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community combined it is kind of like a

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hybrid option because there are not many

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options out there that are not just a

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course or just a community membership

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thing it really does combine the two

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because I offer things like shop Audits

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and live Q&A calls as well as continuous

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weekly training on the things that are

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applicable for digital product shops on

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Etsy it really is an all-in-one option

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for someone looking to sell digital

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products on Etsy and that can be any

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type of digital product it doesn't

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necessarily have to be Tumblr designs or

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clip art I also have lots of resources

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for people who sell digital planners or

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checklists and printables because I have

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sold those as well I wouldn't say

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digitally purpose is very passive as

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well I know a lot of people like to say

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um to build a course and then you you

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will be able to make passive income all

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of the time but mine is structured so

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differently because I do offer those

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shop Audits and live Q&A calls and then

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the continued weekly trainings um that

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are just available on demand if you

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choose to watch them or not so it is I

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it's semi- passive because the course is

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passive that was created last year and

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people are able just to go through that

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at their own pace but there is a um

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somewhat personal level on the Community

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side because I'm in there answering

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answering questions daily and then again

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um doing those extra add-ons that I

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offer as part of it so it does bring in

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close to 20 to $25,000 a month on

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average so it is a big part of my

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business but in reality it's something

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that I just enjoy doing so much I love

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the community aspect of it and being

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able to add new trainings uh whenever

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something new or trending comes up on

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within the Etsy digital product space so

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I really really love this part of my

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business and I will say that it's

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probably the most time that I spend on

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any of the businesses that I have right

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now because I just enjoy it so much if

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you are interested in learning more

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about selling digital products online

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and wanted to be a member of this type

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of community then that link will be down

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in the description below so moving on to

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business number four is I call it my

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unpredictable passive income business

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and I dump all of these things into this

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bucket because it really is

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unpredictable and it really can't be

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while it is a big chunk of change it

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just can't be predicted because it is

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things like AdSense from YouTube videos

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or um the equivalent of AdSense on my

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Tik Tok channels or Instagram not that

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I'm very active on there anymore but I

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used to have some and there's still

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things that come in from those sources

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it also includes all of my affiliate

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income so when I actually recommend the

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brand of tumblers that I print on that

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would be considered a and someone

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purchases through my link that would be

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considered an affiliate income so I have

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many of these affiliate um brands that I

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work with as far as on both sides of the

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business since I have the digital and

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the physical side as well still there

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are things like the software I use to

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design in which is KD or the software

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that I use to do keyword research on

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Etsy like everb or their email service

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which is the email service that I use so

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it's just things like that um that are

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placed throughout all of my content

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whether that is on my blog or that is on

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my Pinterest account or it is mentioned

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in a YouTube video it is just those

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people who have clicked on those

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affiliate links and then either either

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have bought through it um which creates

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a small kick back to me resulting in

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that that does fluctuate month to month

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because people cancel memberships they

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cancel subscriptions um and then some

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months are just bigger than other months

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that is the same with the AdSense

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Revenue here on YouTube and I will

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mention that um it was pretty crazy to

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me how much YouTube did pay me in the

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last 6 months being a brand new channel

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super small just starting out over 6

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months ago and the amount of AD Revenue

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not that I really would focus on that

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too much if you are interested in this

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content educational side of business but

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it is an extra benefit that comes along

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with creating the content that you would

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have already been creating anyway

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another thing that falls into this um

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passive income bucket is brand

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sponsorships so often times Brands will

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reach out to me to either talk about

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their brand of Tumblr that I am using or

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to talk about um the everb email uh

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platform that I use on a YouTube video

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or to even mention them in a blog post

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um or in my email newsletter as well all

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of those are considered brand

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sponsorships and those vary from month

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to month because it depends on how many

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I actually take on so a lot of them I

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say no to just because I don't have

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enough time to either work that into

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content I'm already making or I just

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don't have the capacity to add it in

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because it's already filled up for the

play16:33

month so that kind of just varies it

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would be more if I was producing more

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content but I'm just one person and I

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would like to keep my life somewhat a

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you know as less hectic as it already is

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and not take on too many of those so on

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average that brings in about $5 to

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$220,000 a month depending on how much I

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decide to take on so my fifth and final

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business is a physical products business

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and if you've been following the channel

play17:03

for any length of time you know I've

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talked several times about my hybrid

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shop method which is simply just the

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method of selling digital products

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alongside print on demand products both

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of them towards a very specific audience

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or Niche so um both of them have to be

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related so that they can work together

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in the same type of store so that you

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can build an audience and an email list

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and everything that I continually teach

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um to build a long-standing or

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sustainable business as I've been

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building this out the last few months

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along with products and Etsy shops and

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external marketing I have ran into a few

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stumbling blocks and we've kind of

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pivoted into a semi-related field it is

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I'm not going to reveal what the product

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is yet but I will be leaving a link to

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the description for the Tik Tok Channel

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Channel um down below that I will be on

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marketing this type of product if you do

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want to follow that if you are on Tik

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Tok to see how I would build a brand um

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from the beginning up be sure to follow

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that as we'll be doing our main

play18:13

marketing on that channel and also I'll

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be doing lives on there so if you wanted

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to interact and um be on a live and I'll

play18:21

be able to answer questions probably not

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related to digital products or anything

play18:25

but if you have questions about the type

play18:28

of product that I am selling and making

play18:31

then you are definitely welcome to hop

play18:32

on there so again that will be down in

play18:34

the description below so going back to

play18:37

kind of how it is um changing um We've

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ran into problems with Etsy because my

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first option was of course just to build

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another Etsy shop because I know that

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the audience is on there the search is

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on there and it's been validated but as

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we all know Etsy can be fickle with new

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accounts and this is not like I am

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selling off of my big account where I

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have an established history the account

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was opened last year so it's been open

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about a year but I had never done

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anything with it there hadn't been

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continually posting on it I hadn't

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updated anything on it and so when we

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started to get a bunch of orders this

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had happened to me before when I used to

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sell the glitter cups and we started

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seeing Etsy do the suppression thing

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that they like to do and say you're

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getting too many orders we want to slow

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down your views meaning they aren't

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going to show you in search to give you

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time to catch up on your orders we were

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not late with filling orders anything

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like that but it's just them as a new

play19:41

shop trying to make sure that the

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customers is being protected and not

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send not overwhelm a new shop with too

play19:49

many orders that being said we went

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ahead and close that Etsy Shop oh the

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other thing that they were doing which

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they famously do is hold a percentage of

play20:00

your income in until the customer

play20:03

receives their order again this is to

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protect um the customer from hopefully

play20:08

for from scammers or anything like that

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and so I am just at a point where I'm

play20:14

not willing to deal with that type of

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drama and so I went ahead and shut the

play20:20

Etsy shop and opened it up on Shopify if

play20:23

you aren't familiar with Shopify it's

play20:25

just a really easy e-commerce website

play20:28

that you can quickly add your products

play20:30

to and it's your own so that you own it

play20:32

um so we went ahead and pivoted that way

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and set up our own Shopify shop and then

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we are going to be driving our own

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traffic solely from Tik Tok to that

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Shopify store this also comes with when

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we are driving our own traffic just

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thinking longterm do we really want to

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even send our own outside traffic to

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Etsy where they are going to take three

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times the amount of processing and

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transaction fees than what we would have

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to pay on Shopify so it's really kind of

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a no-brainer as far as if we're going to

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send her on traffic we're going to send

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it to Shopify because we can make an

play21:09

additional 8% in profit over on Shopify

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so that kind of was just again a

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no-brainer so that was another big

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reason for deciding to keep it to

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ourself on Shopify we are still really

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unsure if we are going to add these

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products to Tik Tok shop if you aren't

play21:29

familiar Tik Tok has released their own

play21:32

shopping platform and um there still is

play21:35

a ton of space there's not a lot of

play21:37

competition on there for physical

play21:39

products so I'm not sure if we are going

play21:42

to release it on there I am doing a ton

play21:44

of research right now and watching a ton

play21:47

of videos about Tik Tok shop and making

play21:49

sure I understand everything that goes

play21:51

into it and if we want to do that route

play21:54

as well the benefit of adding our shops

play21:57

to Tik Tok shop

play21:58

is that we can get lots of Affiliates um

play22:01

these are people who are getting

play22:03

products from Tik Tock shop and then

play22:05

adding them to their own channels on Tik

play22:07

or their own profiles on Tik Tok and

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they basically Market it for you it is

play22:12

very easy for them to click promote your

play22:16

product and if I have to send them a

play22:18

sample that would be included with it um

play22:21

but there's a lot of room for

play22:22

opportunity so that I will not have to

play22:24

focus so much on the marketing of this

play22:26

if I decide to use the Tik Tok shop

play22:29

Affiliates because it's just growing so

play22:31

crazy right now so I will keep you

play22:33

updated on that if we do decide to add

play22:36

that or if you're following the new Tik

play22:38

Tok Channel you'll see if we've enabled

play22:40

the shop or not um and I'll let you know

play22:43

in another video if people are

play22:44

interested if I think that that is a

play22:46

good way to increase your sales or if I

play22:50

would just recommend sending it straight

play22:51

to Shopify or if I see any difference in

play22:54

the two at all and so I know I'm going

play22:56

to get this comment probably a lot in

play22:58

the comments if you've listened to any

play23:00

podcast that I've been on before where

play23:02

I've been interviewed and I have said

play23:04

that I was super grateful to move from

play23:06

physical to digital because I didn't

play23:09

have anything to fulfill so why would I

play23:11

be going kind of Full Circle back to

play23:14

physical products again and the answer

play23:17

is simple it's just basically because um

play23:20

well number one I am a multi-passionate

play23:22

person I do like different things um in

play23:25

my business these are all semi-related

play23:27

built upon each other and when the final

play23:29

brand product is revealed you'll see

play23:31

what it is and why it is still kind of

play23:34

related to the other business models

play23:36

that I do but honestly at this point

play23:39

three 3 years later after creating

play23:41

physical products the first round I now

play23:44

have the infrastructure to actually

play23:46

support me with this meaning I am able

play23:49

to hire people to fulfill the products

play23:52

themselves and essentially all I am

play23:55

doing is the product design so I am

play23:57

designing the original product and then

play23:59

it is fulfilled these are all family

play24:02

members that I have been able to now

play24:05

create jobs for so I find that you know

play24:08

I am also creating another business

play24:10

where I am able to support members of my

play24:12

own family where they don't have to work

play24:15

a normal 9 to5 they can just work for me

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which is still only a couple hours a day

play24:20

it is still physical work but they are

play24:23

still making the same amount of money

play24:25

that they would make at a 9 to-5 office

play24:27

job just working for me and probably

play24:30

having a lot more fun so I am still a

play24:32

little part of it again on that product

play24:35

design part and then definitely on the

play24:37

marketing side since it will be my face

play24:39

that you will see most often on that Tik

play24:42

Tok Channel I am following all of the

play24:44

same tactics that I teach in digitally

play24:47

purpose and on this YouTube channel as

play24:50

far as building a loyal audience and an

play24:52

email and making sure that you set

play24:55

yourself up to be able to reach Target

play24:58

those customers over and over again so

play25:00

that you're constantly not finding new

play25:02

products and new customers to sell to

play25:06

and at this point I am still really

play25:08

undecided about what to do with the Etsy

play25:10

route it is really annoying because this

play25:13

search is there and the volume and the

play25:16

demand is there for the particular

play25:18

product but at this point I'm not really

play25:20

willing to play the Etsy new shop game

play25:24

as far as waiting for them to decide

play25:27

when when I am able to fill orders or

play25:30

when they decide to release my funds so

play25:32

I'm kind of just waiting on that right

play25:34

now we're not really too worried about

play25:36

it it would be an extra stream of income

play25:39

if we were also selling them on Etsy it

play25:41

would be a little bit less than versus

play25:43

Shopify or the Tik Tok shop just due to

play25:46

the Etsy fees but also you're getting

play25:49

that organic traffic for the search that

play25:51

is already there on Etsy so once again I

play25:54

will keep you updated on what we decide

play25:56

to do about that if you're still here

play25:58

and have found this video helpful I hope

play26:01

that it encourages some of you to really

play26:04

just see the big picture of how I kind

play26:06

of got to where I got within about 3

play26:09

years um and just understand that it was

play26:11

not all built in a day it was built one

play26:15

after another consecutively to get to

play26:18

this level albeit I still feel like 3ish

play26:21

years is a pretty short time to start

play26:23

all of these little micro businesses is

play26:26

what I call them them but I do have big

play26:29

goals for them and I think with the

play26:30

addition of the physical product brand

play26:33

that by June and I hopefully am not

play26:36

jinxing myself but I am setting a big

play26:38

income goal to hit

play26:41

$40,000 a month with that physical

play26:43

product brand which should bring my

play26:45

total combined businesses up to $100,000

play26:48

a month so be sure to continue to follow

play26:52

along um to track my progress or

play26:55

subscribe if you are not already Subs

play26:57

subcribe because I hope to be making a

play26:59

lot more videos like this one with

play27:01

business updates on certain different

play27:03

businesses and if you do have any um

play27:06

particular business that you would like

play27:08

to see more videos of be sure to comment

play27:10

that down below and as always I will see

play27:12

you all in the next video thanks for

play27:14

watching

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