33-Year-Old Earns $14,600 A Month In Passive Income: 'I Only Work One Hour A Day' On My Online Business

33-Year-Old Earns $14,600 A Month In Passive Income: ‘I Only Work One Hour A Day’ On My Online Business

In 2014, I was making $85,000 a year as a full-time web developer. While I was earning enough to cover my living expenses, I felt like I was devoting too much time to my job.

I knew there were opportunities to generate passive income in e-commerce. So in 2016, after experimenting with dropshipping (a business model where sellers don’t need to keep products in stock), I came across a Reddit post that inspired me to start a business. print on demand.

Print on Demand allows me to sell T-shirts while outsourcing the printing, packaging, and shipping to a third-party vendor. In 2020, I made enough money to quit my job and focus on my full-time side hustle.

Today, at age 33, I earn an average of $14,600 per month in passive income from my print-on-demand business. The best part is that I only work on it for an hour a day.

How I started with no design experience

My first T-shirt design was a poorly drawn Loch Ness Monster. I started using Adobe Photoshop, but found it too difficult to navigate without any formal training.

Now I use All Sunsets, Creative Fabrica and Vexels to create my designs. These sites are great for print-on-demand sellers who don’t have a lot of graphic design experience, because you can download artwork for commercial use instead of creating it yourself.

Membership prices for All Sunsets start at $59 per year, Creative Fabrica at $4 per month, and Vexels at $22 per month.

When I create designs, I search for the most popular keywords among customers using DS Amazon Quick View and PrettyMerch Chrome extensions. Sometimes I make shirts inspired by pop culture moments and upcoming events.

When creating designs, Ryan searches for the most popular keywords among customers using DS Amazon Quick View and PrettyMerch Chrome extensions.

Photo: Ryan Hogue

How I Earn Passive Income Through Print On Demand

About 50% of my liabilities revenue comes from Amazon Merch on Demand, where I sell the most items. I like this platform because you don’t have to pay for inventory upfront.

The process is simple:

  1. Create a t-shirt design and save it as a PNG file (a high-quality graphics file format).
  2. Upload your artwork to Amazon Merch on Demand.
  3. Choose the product type and add a description.
  4. Amazon then creates a 3D rendering of what the shirt would look like in real life.
  5. Amazon creates a product listing on Amazon.com, making the design available for purchase.
  6. Every time a customer makes a purchase, Amazon handles production, shipping, and customer service.

Amazon Merch sellers receive a royalty of between 13% and 37%, depending on the type of product and the selling price. Amazon has pre-determined listing prices that sellers can choose from.

My top selling product is a standard T-shirt. I charge $19.99 per shirt and get a 26% royalty per sale, which equals $5.23 in profit. Amazon keeps the rest.

In addition to t-shirts, I sell my designs on hoodies, sweatshirts, mugs, hats, and other accessories like stickers and phone cases. I always list my products to make at least a $5 profit per sale, but I sell larger items like a sweatshirt with a $10 profit.

Another platform I use is Printful, which is similar to Amazon Merch on Demand and is an inexpensive way to introduce my products to more people. He prints, packs and ships the designs I list on eBay and Etsy. It costs $0 to list a design on eBay and $0.20 to list a design on Etsy.

A little creativity and a lot of dynamism will take you far

During the hours that I work, I mostly create new designs, list products, and learn tools that will help me further automate my business.

I also started a YouTube channel and created online courses to share my knowledge. I want people to know that they don’t need a degree in graphic design to be successful in the print-on-demand business. They just need a little creativity and a lot of drive.

ryan hogue is a former web developer and adjunct professor who quit his two jobs to run his e-commerce business. His Youtube channel teaches people how to earn passive income using the “Ryan Method”.

Don’t miss:

I quit my $35,000 job to grow my side business - now it's making $141 million a year

#33YearOld #Earns #Month #Passive #Income #Work #Hour #Day #Online #Business

Leave a Comment

Your email address will not be published. Required fields are marked *