The “side hustle” has become a staple in the American vocabulary and common in practice in recent years.
Especially with so many people working remotely, people are seizing the opportunity to take advantage of extra time to pursue something on the side, searching for a bit of income—a little freedom.
Printed products can offer you opportunities to start or grow your side hustle, with a little strategic planning. With that, you just may find a potential new business venture to increase your own bottom line.
There are so many options from which you can choose, from simple stationary to more complex offerings, like journals to calendars and planners to books. Once you have your idea in mind and a design in hand, that’s where a committed printing partner comes into play.
With that in mind, let’s talk numbers.
For a quality planner, you’re looking at roughly $7-$15 a unit in production costs (keep in mind this is a very rough estimate. Ultimately, price will be determined based on specs, shipping zip code, unit count, and quality of materials). You’d need to spend somewhere between $7,000-$15,000 up front to manufacture the product for a 1,000 unit minimum order count. Plus, you’ll have shipping costs, marketing costs, design fees, and a few other miscellaneous costs.
Once you get those in the hands of satisfied customers, you’re looking at a potential profit of somewhere in the $15k-30k range.
That’s quite a haul, especially considering you didn’t even have to quit your day job! You ready?!
If you have dreamed of a side hustle and creating custom stationery for your customers fits the bill, this is your year. Don’t let another 12 months go by without checking it out. Contact us here, and let's create something great together.