Here is my side hustle which I spend around 4 Hrs/week to make $4000/mo
I see many people posting about what business to start but no one really seems to explain HOW to start your business.
Here I tried to outline the exact method I use to earn an extra $4000/mo. I hope that you can benefit from these ideas and reach your financial freedom.
The best part is that this method requires only 4 hours/week to maintain. You put in an initial effort for a couple of months and then collect the fruits of your labor.
PS: There is a quick recap at the end if you want to look at that.
T-Shirt Business - Everybody buys them all the time!
It took me 6 months to reach this level. Just be patient. There will be times which feels like your efforts aren’t working, but stay focused.
Remind yourself why you need that extra income. Do you want to invest? Create a college fund? Spend quality time with friends and family? Consistence is key!
Here is the model to do it:
Shopify + Printful T-shirt selling business.
Step 1 - Shopify Store (link at end) is a platform for e-commerce store creation, which makes building an online store super easy.
You can create a functioning store under 1 hour and it is Free to set up.
Of course you need to spend around 4–5 hours to make the store pretty and customized. Your customers should feel like the store is special and customized towards their needs.
Even if you don’t know how to do a minor tweak, there are many videos on Youtube which explains exactly how to do that.
I can also help you create a store, just check my bio to see an example store I created. Or message me if you require help. I would be glad to assist.
Step 2 - Printful (link at end) is a website where you can make your cool designs or T-Shirt ideas come to life.
Just submit the design you want to have and they will print it on many different products.
You can create
T-Shirts
Hats
Mugs
Phone cases
Dresses
So, don’t feel limited by just T=Shirts, just focus on finding a cool design to fulfill your customers needs.
They help you plan out your design and when you are ready to sell, they handle all shipping and handling.
You can drop ship which means that a customers who sees your design on your shop buys the product. With the money they just paid you, you create an order through the Printful guys and have the T-Shirt send out to the client directly. This enables you to operate without any inventory.
Step 3 - Find a cool T-Shirt idea - I’m sure that you are seeing A LOT of Game of Thrones, Rick & Morty and Stranger Things related T-Shirts around. This is because they are the current trend. A lot of people are buying these shirts because everyone is talking about these shows.
Find a cool shirt idea, design your product on Printful and showcase it on your Shopify store.
It could be a simple line like “Winter is Coming” with an awesome image. (I know this quote has been used A LOT but it is a catchy one nonetheless. Besides I have at least 5 friends who has this shirt)
Step 4 - Market - You have to drive traffic to your store, this is the most important step. If no one is around to buy the product, you won’t make any sales. You have to market like your life depends on it. Because your stores life literally does.
Here are a few things you can do to attract traffic into your store:
Instagram account - This is a must. You have to have an Instagram account which adds at least 50 followers every day. Post 4–5 posts a day relating to your Niche (trend) and products.
Facebook page - Here you will sell your story. Try finding people who are interested in the same niche. You want to create an environment where people are excited about your niche and your product will satisfy their needs.
Influencers - There are many accounts on Instagram related to your niche which has +200K followers. You can send them a quick email which goes something like this.
“Hi, I really like your content and feel like my products would fit very well with your follower base. How much do you charge for a shout-out.”
They tell you how much it costs, and you send them the post you want them to share along with your URL which you want to attract traffic to.
Be careful to find an account with high engagement rate. Engagement rate = #of average likes/ # of followers. You want at least 20% engagement rate.
So, you want at least 40K likes on a 200K account. Otherwise, try finding another one.
How much can you make? - Now that you have a killer website, and awesome designs to sell let’s look at some numbers.
You can print out and send a T-Shirt for $13 on Printful. And you can expect to sell it for $25 on your store. That is 25–13= $12 profit/Sale.
Remember, people will buy from you because:
You have an amazing store
You have a story to back up your product
Targeted people who are interested in your niche.
Now let’s say that we found a page with 300K followers. You can expect around 50K people to see that content and you offer $15 to the person in charge of the Instagram.
Even if %2 click your link that is 50K0.02= 1,000 people sent to your store.
Even if out of that 1,000 %1 choses to complete a purchase, 10000.01 = 10 sales
That is 10 x $12 = $120 in revenue - $15 shoutout fee = $105 in net profit
$105 Not too bad for a single post huh?
Well this was extreme low balling. Remember these people are interested in your trend. So, now imagine with reasonable numbers
If %5 click your link that is 50K0.05 = 2,500 people sent to your store.
If out of that 2,500: %2 complete a purchase 2,5000.02 = 50 sales
That is 50 x $12 = $600 in revenue - $15 shoutout fee = $585 in net profit
Just do 4–5 campaigns like this per month and you are looking at +$2300 monthly income.
Recap:
You started a business with just $0
You created a killer business in under 10hrs
It only requires 4 hours of work/week
In 3 months you can expect +$1000
In 6 months you can expect +$4000 or even more
GOOD LUCK
This is really informative and detail discussion on "SIDE HUSTLE".