5 Reasons Why You Should Launch a Print-on-Demand Business
Okay, so you are tired of your 9-5 office job, and you want to give entrepreneurship a try. Now what?
There are plenty of options out there. You could build a niche website, or set up an ecommerce store, or sell your own software… There have never been more opportunities to start your own business!
However, this abundance of opportunities also has a downside, because the more options you have, the harder it is to make a choice. So what should you do?
I’d say that it’s best to keep thing simple. Start a print-on-demand business. Why?
Photo by Thomas Lefebvre on Unsplash
#1 You don’t need much capital to get started
Dropshipping is a business model in which the supplier manufactures the products, holds the inventory, ships orders to the customers, and handles the refunds, meanwhile the seller runs the actual store and takes care of marketing and sales.
That is how print-on-demand works. All you need to do is set up an online store, use reliable print on demand services, and promote your products. Once the sale is made, the product will be printed, and sent to your customer.
All this means that you can start your own print-on-demand business with $100. What have you got to lose?
#2 You can work from home
Did you know that New Yorkers have an average commute of 6 hours 18 minutes per week? That adds up to almost 328 hours, or 2 months of full-time work, a year. That’s insane! Now, you probably don’t live in New York, and chances are that your commute is shorter, but still!
Meanwhile, when you run a print-on-demand business, you can work from the comfort of your own home, and save a ton of time that you can then use to grow your business.
Plus, you can also save quite a bit of money this way, because working from home means that you put much less wear and tear on your car, spend less money on gas, prepare your own lunch, don’t need fancy work clothes, etc.
Photo by Kyle Glenn on Unsplash
#3 You can travel the world
When you run a print-on-demand business, all you really need is a laptop and an Internet connection, which means that you can work from pretty much anywhere.
You might think that travelling is expensive. Truth be told, you’d be half right, because vacationing costs a lot: you have to pay for plane tickets, you have to pay for the hotels, you have to pay for restaurant meals, etc. But that’s not the only way to travel.
Now that you are location independent, there’s nothing stopping you from buying a one-way ticket to, say, South East Asia, renting an apartment there, and staying for 6-12 months. That’s a much cheaper way to travel and also one that is conducive to actually getting work done.
Yes, you can actually do it, and in many cases it might even cost you less than staying in your home country!
#4 You can make decent money
There are all the regular bills to pay, there are the student loans, there is the mortgage… And God help you if you get hit by an unexpected medical bill! How are you supposed to get ahead financially when there’s barely anything left to put aside at the end of each month?
You are not going to get out of this rat race by working for someone else. An average American in the 25-34 age bracket earns only $40,352 per year. And sure, you can make more than that by choosing a lucrative profession, but even then, there’s a limit of how much you can earn. That doesn’t sound promising to those of us interested in financial freedom!
Meanwhile, when you run your own business, there’s no upper limit on how much money you can make. Want a way out? This is it!
Photo by Robb Leahy on Unsplash
#5 You can sell your business
Let’s keep it real. When you work for someone else, no matter how well paid you are, you are working to make someone else wealthy. Does that make any sense when you really think about it?
Really, the wise thing to do is to put your time and energy into building your own business, instead of being an employee for someone else. That way, you are building a legitimate asset, an asset that you can later sell should you choose to move on to something else.
For example, if you have a thriving print-on-demand store, you can sell it for 20x – 30x the monthly revenue. That is a decent chunk of money that you can then use to pay off your student loans, clear your mortgage, or simply take a few years off to travel without a care in a world.
Want to start your own business? Print-on-demand is one of the easiest ways to do that. So what are you waiting for?
You have deliberated enough. At some point, you have to stop thinking, and start doing. So go and set up your store today. You won’t regret it!