I created this series to let you know what my experience has been in the last 6-12 months building wealth through passive income. Some of these opportunities may be more lucrative than others for you. I wanted to give you my thoughts on some of these opportunities and how much I have made thus far with these, in case any would be beneficial to you. The first I will share with you is Merch by Amazon (MBA). When I think of passive income, I think of opportunities where you do not have to put in a lot of work and can earn money while you sleep. If you are not aware of what MBA is, it is a print on demand platform that allows approved individuals to post t-shirt designs for sale and earn royalties on each sale. Amazon takes care of fulfillment and shipping of the item.
With Merch by Amazon, you can definitely earn money while you sleep but, in my experience I would not necessarily say that you do not have to do much work. If you care about the quality of the designs that you are creating, optimizing your listings with great keywords and are smart about defining your niche audiences to which you want to sell - this takes WORK. I started on MBA February of 2018, since then I have generated $14k in sales $2,700 of which are my royalties. Not a boat load of money by any means but a few hundred dollars a month earns more than most savings accounts on a regular basis (of, course depending on how much money you have in the bank and the interest. For FY19 my goal is to at least triple that and earn at least 1k per month. How will I do that, well let me tell you a bit more about the MBA platform.
Merch by Amazon operates in tiers, new designers start at Tier 10 (T10) which limits you to 10 slots to uploads shirts. Then you move up to the next tier based on the number of design uploads and sales you have. To get out of T10 to T25 you have to have sold at least 10 shirts and have at least 8 of your slots full. T25 as least 25 sales and 20 slots full, and so on. I am currently at T1000 and hope to get tiered up to T2000 within the next month or so. With the additional slots I am going to take a bit different approach to the one off tshirt sales and focus on what the industry is calling "Local Merch". Local Merch is essentially working with local clients to help them with their marketing/promotional efforts utilizing MBA to produce and ship the shirts to their customers. In turn for the customer buying the shirt, they receive promotional discounts for a limited time when they wear the shirt into the business. It is a great low cost way for local business and brands to promote their business while reinforcing customer loyalty.
For me providing the service to clients I will likely make sales in a much greater volume on those designs and will in turn be able to tier up and have even more slots available. Much quicker way to generate revenue than by selling one offs. Now this may seem like easier said than done if you do not like having to connect with and gain clients. Perhaps getting groups like family reunions, schools, non-for-profits may be the route for you for Local Merch? But, can share more on that front in another post. For now, if you want to learn more about Merch by Amazon and sign up, click on the link. It is free and a fun way to earn passive income if you like to be creative and design things. There are also a bevy of low and no cost resources that I can share with you that I use to design and research for Merch by Amazon. So be sure to leave me a comment or visit absolutevenus.com for more into.
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| Merch Informer - Essential Tools for Merch by Amazon (affiate) |
By the way if you are looking for a tool or two that have helped me immensely with research and design of my t-shirts, I recommend Merch Informer. Saves me a ton of time with design vs. the old method that I used to use, I would have to resize the design each and every time before uploading to Merch. Multiply that my hundreds of designs, that pays for itself. Time is MONEY!
Until next time, Visionaries...peace and blessings.
Absolute Venus 2019
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