If you haven’t jumped into the world of cryptocurrency, I don’t know why not? While I am not a financial advisor and you should take everything I’m saying with multiple grains of salt…
WHY HAVE YOU NOT?
….its free real estate!
With the start of 2021, Bitcoin has reached its all time highest value and Fear Of Missing Out is also at an all time high.
So I recently received an email from Coinbase. They were (and still are) offering free amount of various cryptocurrencies in exchange for my time in watching some videos.
I agreed and began my journey in learning. These videos were short, informational, and helped me to understand just what I was supporting when I received them. After the 2 min video, I answered a question from the video and was rewarded with my amount. After a few quizzes, I had the seeds of my cryptocurrency portfolio.
If you would like to check it out, I will be preparing a series of some of the videos I watched along with some links so you can watch them. I believe if you complete video and obtain your own reward that we both will obtain additional benefits.
Sometimes before you move forward making money, you need to remedy the holes in your money plan. As I found out, I would make $50, and then it would disappear just as quickly as I made it. Turns out, I had multiple subscriptions sucking my spare profits up so today we will be exploring where to find a list recurring payments/subscriptions on your Paypal account. As of the creation of this post, this is how to find this information and may require a revisit post in the future.
From Paypal main summary page, click on the gear icon in the upper right hand corner > a drop down menu will appear.
You need to click on Account Settings > on the left hand side, scroll down and click on Website Payments (it?s 3rd to the bottom of the options on the let hand side)
Next you will see My Automatic Payments at the top of the page. Click on Update
On the next page you will see an old looking page with a couple boxes. One will say Overview. Look at the sentence just above the Overview box, and at the end of that sentence you will see a blue hyperlink that says ?My preaproved payments?.
Click on that and it will take you to a list of all your current subscriptions.
I have been using Robinhood to manage my stocks since late 2019. As I am writing this it has been around a little under 9 months of using the app.
I began by joining and referring my brother and significant other. It was pretty seemless and they were also interested in the free stock that my referral provided.
My current goal is to try to acquire a large amount of dividend producing stocks to help provide a monthly income. The free stocks I was rewarded with were Fitbit and BlackBerry.
Of which, I sold both of these and began to purchase monthly dividend earning stocks.
I had been investing in MORL before the pandemic hit as it proved to provide a monthly dividend and was within the price I wanted to pay for a stock every now and then. During the initial stock crash, MORL crashed from around $13 to around $5.
Having just started out a few month prior, my novice heart dropped. However, EVERYONE and their mom gave the advice of when most pull out the bold go deeper. Well I purchased more of MORL, until the second part of the crash happened and I lost 100% of MORL as its price dropped so low it was delisted.
From there on, I focused my investments on blue chip companies such as Coca Cola (KO) and a few real estate investments. They have proven to be good choices for me thus far as they help provide the largest boost to my account value and I hope they continue to do so.
If you are looking for an easy way to get into the stock market (and I’m no investor but Id say free is the best way to start with anything), then why not give my link a click and obtain your free stock. While adding money will vary depending on your financial situation, everyone could do with a free stock to get them started.
Currently I use Siteground for my hosting as when I finished researching it seemed to be the best use of my money. My old website hosting company had become somewhat defunct to the point where I could not even access my websites through their portal. I hopped online and watched countless Youtube reviews and looked at what feels like endless blog posts to get an idea of a next step.
After dealing with Etsy fees I decided Siteground would be worth a try for the free month. My experience was so positive that I have decided to stay since.
I currently use it to run all of my websites, including where Make Money B4 College is located.
Here are some points as to why I use them and why I think you should too!
– Amazing affiliate sign up deal wherein I received a good portion of my initial year investment waived
– Very easy to use when setting up multiple websites, backups, email accounts, etc. The ability to customize nearly everything is also a nice benefit.
– Performance of my websites since my hosting switch as been night and day. My websites are faster and experience no downtime which both me and my readers enjoy.
I would highly recommend any and everyone looking to start making money online on their own to use Siteground.
Below is my affiliate link to provide you with information on Siteground. Siteground is offering a free month to try it out their services and I say give it a go! Cancel before the month is done if it isn’t working for you, but I did the same a jumped onboard.
I have to put this upfront due to my own mind goblins. This process took me 3 years to accomplish, and this was not $20K in profits, this is $20K in revenue.
I began in my Tumblr account in summer of 2010 and my Etsy store around 2011.
I did around 2.5K in revenue that Winter Season of 2011.
I kept doing and ballooned to around 10K revenue in Winter 2012
Around 5.9K in Winter 2013, then 1.5K in 2014.
This was not some get rich quick scheme and it did take a number of years.
Why am I writing this?
I felt the need to tell my story simply in hopes of helping the next person like me out there on the internet. I didn’t have a job and I needed money to help support myself. If this sounds like you and you want to try to make some money utilizing free platforms then I feel my story my help. This is by no means a gloating story and I am by no means an expert. If you always dreamed of wearing clothing you made/designed yourself then you might find this writing helpful.
Table of Contents
What I Used
How You Can Do It Too
How I Would Improve
Materials and Resources
1. What I Used (at that time)
Tumblr – Used to cultivate a social media following that enjoyed the same fandoms and pop culture references used on the shirt prints. Tumblr allowed me to curate my own content based on what others had posted without having to create my own. Eventually creating my own content allowed people to follow me and grow my follower count but reblogs and favorites was my starting point.
Spreadshirt – The print on demand service I used and still frequent to this day. Along with printing services, Spreadshirt also has a few features which could be leveraged. Features such as their marketplace, both design and product, and their storefront can help the most bootstrapped individual to put together a great store. The design marketplace allows those without artistic ability to find some great artwork to use for their shirts, at a fee of course. This is good for either designers or shirt sellers.
Etsy – Etsy is where I decided to house my store at that time due to me not liking my design eye when it came to backgrounds/ color composition for my custom Spreadshirt storefront. Etsy allowed me to create a store relatively quick as well as leverage the credibility of Etsy for my own. My shoddy store wasn’t going to convince people to buy products but a bland Etsy store was not as off-putting due to Etsy’s credentials.
2. My Story
(The Good, The Bad, and The Ugly)
I began by wanting to make some money before college. Granted this journey took me around 3 years to do so, the humble beginnings are important. The summer before college (2010) I had nothing to do, I had recently found out about Tumblr and decidedly spent my last 3 months at home on the website. I was enamored by the community and while I at first only reblogged and favorited posts that appealed to my likes (anything pop culture, gaming related, other artist?s fan art, photography, etc.), I eventually began to post original text posts and pictures. I began to get into printed graphic designs and coupled this with more fan art.
After this I would use Spreadshirt to create samples of the created art and then post onto my Tumblr page to see if anything garnered attention. At first I wasn?t getting any favorites or reblogs as my designs were too simple but after some feedback I began to gain attention from my posts. This would start to show my Etsy page love as people began to trickle in from my Tumblr posts. The first year seemed to go by both at a snail?s pace and lightning fast. However the second year is where my growth became explosive. The first year was a slow build of growing pains while I was learning both the platforms (All Tumblr, Etsy, and Spreadshirt) as well as getting my designs out in the Tumblr community and getting attention and a following.
It wasn’t until around 2011 that I created my Etsy store. I did around 2.5K in revenue that Winter Season of 2011.
At this stage I was excited, This is working; people are enjoying my designs and buying them. This was my motivation and pushed me to keep doing and come the same time the following year I had ballooned the previous amount to around 10K revenue in winter 2012.
Around 2013 I began to feel the drain of school as well as the constant filling of order in my rudimentary fashion. I wasn’t on Tumblr as much as I would travel. During travel I would bring my laptop with me and sometimes I did not have access to Wi-Fi which meant I had to try and handle all these orders from my phone. IT WAS NOT A FUN TIME. And the statistics show that. Around winter 2013 I had lost around half the revenue of the previous year coming in around 5.9K.
The final straw came when in my ?final? year I had lost all motivation and both my schoolwork and store came to a screeching halt. I had some personal family events occur and while on Spring Break, I tried to fulfill orders and then my Wi-Fi ended. I became so enraged and frustrated that I quit the process. The stats for that year ended around 1.5K in 2014.
3. How You Can Do It Too
As long as you have access to a computer and internet access, you too can start a clothing line and follow the steps I used to promote it. All of what I used was free of charge and within some time I was able to grow.
Create an account on Tumblr
Create an Etsy account
Create a Spreadshirt account (Or a Printful Account)
Every day, have reblog some new content to your Tumblr. If you?re not going to be able to do so, you can line up posts within a queue for your blog which will post at a designated time on a designated day, all chosen by yourself.
Brainstorm some content you would like to wear yourself, create some mockups using Spreadshirt. This will give you both the product to sell as well as a mockup photo you can use for your Etsy store and for your Tumblr posts.
How I Would Improve
“Hindsight is 20/20”
Looking back now I am able to see where I could improve and make better decisions. For one, I would improve my social media game. Only being on Tumblr was great because it allowed me to give focus and attention to one platform but that was also an inhibitor. Once profits started to roll in, I should have begun to automate some processes. From other people to handle other social media accounts (Facebook, Pinterest, Instagram, Etc.) to the order placement and customer service. I stopped my own due to burnout over my clothing line needs as well as college work needing attention. Had I invested in virtual assistants, I believe I would not have had to stop being active with my clothing line.
Currently, Instead of using Spreadshirt I am using Printful. This is due to their Etsy integration which makes orders seamless. A customer places an order on Etsy, I get notified and Printful takes care of the heavy lifting. This is opposed to my experience with Spreadshirt where every time and order was placed on Etsy, I had to go into Spreadshirt and order the shirt to the specifications and take the customers information from Etsy to input it into the order on Spreadshirt. This was very time consuming and frustrating when I was traveling and had orders.
The next point I would bring up would be using Etsy vs creating my own storefront. At the time, Etsy seemed the best way to go but now I believe I should have started on my own webpage. While it may have been a harder route to begin on, in the end it would have been beneficial as I would be able to few more detailed analytics and control where my customers go. In a sense, I refer to marketing. If I were to market and attract buyers, if I am on Etsy there is a chance they could see something they like in Etsy’s “Something Else you might Like” section and I might lose them. Whereas on my own website, it is all my content. So there would not be a loss of funds if I were to spend a marketing budget to send traffic to my website.
One way of the earliest ways I have found to create a stream of income is by using an online print on demand service called Spreadshirt.
Well what is Spreadshirt?
Well, if this snippet taken from their blog post here doesn’t explain then I dunno what will.
“Spreadshirt is an online merchandise company that allows people to design, buy and sell products on the Web.”
This means, you do not have to print and press any clothing you want in your own home. Spreadshirt does it all from their warehouse and they also handle the logistics such as storage and shipping.
Who can create a passive income utilizing Spreadshirt?
Anyone can create passive income using Spreadshirt. There are multiple ways one can utilize Spreadshirt to create passive income from those looking to launch a clothing brand to those who just want to list designs. Obviously marketing your shop will increase the visibility and thus amount of sales you obtain.
Why use Spreadshirt?
What are some different ways to start earning income using Spreadshirt?
So far I have only experienced 2 different methods to create income using Spreadshirt.
1st – Creating a store, filling it up with items and selling them
Creating a store and placing items to sell in it is the #1 most used strategy when it comes to Spreadshirt. Using P.O.D. services eliminates the need to house inventory as every order is processed, fulfilled, and reviewed at Spreadshirt’s warehouse before being shipped out to the customer. Spreadshirt has been regularly adding new items to their customizable product list, so shirts aren’t the only products you can sell.
2nd – Creating and selling designs
While creating your products, you have the option to use already created designs from the Design Marketplace for a commission fee. All of these designs were created by another user. You can create and upload new designs to be placed on the marketplace for others to use. This can become a pretty steady source of passive income if your designs have a purpose and are priced economically. If you create a design based around a holiday then chances are this design will be picked up and used by a designer.
There are many online Print On Demand (P.O.D.) services and Spreadshirt is one of the most prominent. With their ability to allow designers to create their own clothing line without needing the skills to design their own artwork is a huge plus. Spreadshirt is giving people the ability to create their own stream of passive income.
So you have created the next great holiday themed shirt/hoodie/coffee mug; Now what? Next we will be taking a look at online marketplaces to sell your newly created designs.