My Etsy Print on Demand Earnings: January Results!

My Etsy Print on Demand Earnings: January Results!

Table of Contents:

1. Introduction
2. About the Channel and the Content Creator
3. January Earnings for Etsy's Print on Demand 3.1. Total Shop Analytics 3.2. Deactivation of a Listing 3.3. Conversion Rate
4. Profit Calculation and Margin
5. Passive Income and Minimal Effort
6. Snowball Effect and Monthly Variations
7. Conclusion

January Earnings for Etsy's Print on Demand

Introduction Hey, everyone! Welcome back to my channel. In this video, I will be discussing my January earnings for Etsy's print on demand. As we are now in the middle of February, I believe it is important to keep myself accountable and share the results of my journey with you. We'll dive into the numbers and see if this business model is profitable and worth recreating. I must admit, January exceeded my expectations, and I am excited to share the details with you. So, let's dive right into it!

About the Channel and the Content Creator Before we get into the details, for those who are new to my channel, my name is Nathan, and on this channel, we talk about finance, entrepreneurship, and the journey to becoming your own boss. I aim to provide valuable content and insights to help you along your entrepreneurial journey. If you're not new here, thanks for sticking around! I appreciate your support.

January Earnings for Etsy's Print on Demand

Total Shop Analytics For the period between January 1st and January 31st, my total shop recorded 23 orders with a total of 2,457 visits. This resulted in a conversion rate of 0.9 percent. The revenue generated during this time was $937.55. However, it is important to note that two of these orders were for mock-up bundles and mock-up images, which I have since decided to discontinue. Therefore, to provide a more accurate representation, the actual number of orders is 21, and the revenue comes to $924.57 for the month.

Deactivation of a Listing During the month of January, I made a significant decision to deactivate a particular listing in my shop. This listing had been driving a large number of visits but was not leading to any sales or engagement. It was causing a disturbance in the overall conversion rate of my shop. Therefore, I decided it was best to remove it to maintain the accuracy of my statistics.

Conversion Rate After recalculating the conversion rate based on the adjusted numbers, the new conversion rate for January stands at approximately 1.1 percent. While it is a slight improvement from the initial 0.9 percent, it is essential to track and analyze these metrics consistently to identify patterns and make informed decisions for optimization.

Profit Calculation and Margin Let's talk about the profits generated from my January earnings. Typically, I maintain a profit margin of around 25 percent. However, it is crucial to consider variations based on factors such as hoodie size, color, and shipping fees. With these considerations in mind, my bank account reflected a profit of approximately $234 for the month.

Passive Income and Minimal Effort What makes these earnings even more appealing is that they were generated with minimal effort on my part. In January, I had not actively dedicated much time to my shop, primarily due to illness. Yet, I still earned a passive income of $234 without any significant involvement in customer service or order fulfillment. It has been smooth sailing with positive reviews and orders being shipped promptly.

Snowball Effect and Monthly Variations It is vital to remember that each month can vary in terms of earnings. January proved to be a decent month, considering the size of my shop, which currently has around 450 listings. While it may not be as fruitful as December (due to the holiday season), it exemplifies the snowball effect of consistent effort and sets a precedent for potential growth in the future. Some months may be slower, while others may yield higher returns. The key is to maintain consistency and adapt strategies accordingly.

Conclusion To wrap it up, January was indeed a good month for my Etsy print on demand business. With passive income of $234 and minimal effort, I am satisfied with the results. It's important to recognize the potential of this business model and the possibilities it offers. As a college student, having an extra $200 in my bank account is a significant boost. Moving forward, I will continue to update you on my progress, and let's see how February unfolds. Stay tuned!

FAQ:

Q: How many orders did you receive in January? A: I received a total of 21 orders in January.

Q: What was the conversion rate for January? A: The conversion rate for January was approximately 1.1 percent.

Q: Did you make a profit from your January earnings? A: Yes, I made a profit of approximately $234 in January.

Q: Is this passive income or do you actively manage your shop? A: The earnings mentioned are passive income, as I did not actively manage my shop during January.

Q: How many listings do you currently have in your shop? A: I currently have around 450 listings in my shop.

Q: Can the earnings vary from month to month? A: Yes, earnings can vary from month to month based on various factors. It is important to track and analyze trends consistently.