Вы находитесь на странице: 1из 39

APPAREL ON

AUTOPILOT
How I Made $100,000 in a Year with T-Shirts

$ $
$ $ $$ $ $ $ $
$
$ $

$
$ $$ $ $ $$ $
$ $ $
$

$
$
$
$ $
$
$ $ $ $ $
$ $$
$ $$ $ $
$
$
$ $

CHRISTIAN HEIDORN
DISCLAIMER
In writing this eBook, I’ve tried to be as transparent as possible. I am assuming
that you are a reasonable person who approaches things with common sense. I
have included all my monthly earnings from Spreadshirt from 2009 onwards in
an effort to show you exactly how I grew my revenues and how sales can devel-
op over time. I assume you are mature enough to realise that if you start selling
designs on Spreadshirt, you will most definitely not be making this sort of money
within 10 days. I am not promoting a get rich quick scheme and I believe this is
quite evident if you follow my blog. However, as it seems that nowadays common
sense isn’t necessarily enough in this crazy legal world, I’m afraid I need to include
the following paragraphs.

The monthly revenues published within this eBook are absolutely true and accu-
rate. Said revenues are actual figures earned by Christian Heidorn before expens-
es and taxes during the time and period in question as detailed in this eBook. Hav-
ing said that, there is NO GUARANTEE and NO WARRANTY that employing
the same techniques, ideas, strategies, products or services that are detailed in
this eBook will product the same results for you and/or businesses. Examples that
may be provided herein are exactly that - only examples. They may or may not
work for your specific situation and are not to be interpreted as a guarantee or
promise of earnings.

The materials provided herein are not to be interpreted as a “get rich quick” scheme
in any way. Your earning potential is entirely dependent upon you, and the current
state of various external factors including, but not limited to, the apparel indus-
try, state of the economy and web marketing trends. The claims regarding reve-
nues obtained by employing the ideas and techniques noted herein can be verified
upon written request at chris@thetshirtacademy.com.

This eBook is copyrighted by Christian Heidorn. No part of this may be copied,


or changed in any format, sold, or used in any way, online or offline, under any
circumstances without express permission from Christian Heidorn.

CONTACT INFORMATION:
chris@thetshirtacademy.com
TABLE OF CONTENTS
Disclaimer i
Table of Contents 1
Introduction 2

1. JUST A HOBBY 5
How I Got Started

2. A SIMPLE FORMULA 9
Sales, Pricing & Scalability

3. NOT A MATTER OF TASTE 13
The Difference Between Good Design & Customer Needs

4. THE MULTITASKER 16
Automating Repetitive Processes

5. ONE MAN ARMY 27


Outsourcing Creative Processes

6. EXPAND & CONQUER 31


Entering New Channels & Markets

7. ADAPT OR DIE 33
Market Dynamics & Competition

8. SHOW ME THE MONEY! 34


Full Financial Release 2009-2013

x. Last Words 36

1
INTRODUCTION
I like designing stuff. I also like programming and just generally “creating” things,
but what really gets me going is great design. And it doesn’t necessarily have to be
related to T-Shirts. To be entirely honest, I just find T-Shirts to be one of the most
affordable pieces of “art” which pretty much anyone can buy. The T-Shirts you
wear say something about your personality and they are a lot more visible than the
famous Picasso which you keep hidden away in your super-safe vault. T-Shirts are
pieces of art which people from all age groups are willing to spend money on and
as much as I have a heart for artists, everyone needs to get paid at some point.

I’ve also always wanted to start my own business. Why? First of all because I like
creating stuff which I can call my own. But I guess you already gathered that from
the paragraph above. On a more serious note, when I started my business edu-
cation at University, I was headed straight for the typical business school career.
I had the right CV, spoke the right languages, lived in the right cities, did all the
right internships and eventually ended up in the “system” which promised to feed
me well (which it did) and provided a lot of security (which it still does). Security
is an important element for many people and particularly for someone who grew
up in a family of civil servants. It’s almost like it’s a particular gene that I was given
at birth. I consider myself to be risk averse. I love the idea of just quitting my job
and creating my own crazy startup. But I haven’t had the guts to go the whole nine
yards yet.

And you know what, I actually don’t think that’s a bad thing. There’s a difference
between being an entrepreneur who might fail a couple of times until he succeeds
and being a naive idealist who just jumps into the adventure without weighing the
risks. A lot of people think that having a full-time job and starting your own busi-
ness are mutually exclusive. Well you know what, they are not. While I agree that
once you’ve found a successful business model, you will not be able to unleash its
full potential until you go for it 100%, I know for a fact that you can run a busi-
ness on the side which generates passive income which can match or even sur-
pass your normal job’s income without requiring any significant investment once
you’ve got it up and running.

2
I’ve also heard countless stories about how difficult the T-Shirt business is. Many
people say it’s a saturated and far too competitive market. Others claim that un-
less you have a strong brand, you’ll barely be earning enough to live. And while I
agree that building your own brand of T-Shirts, taking care of procurement, pro-
duction, stocks, marketing and sales can be a very difficult and long journey. Who
ever said that you needed to build your own brand in order to earn money selling
T-Shirts? Heck, who ever said that you need to do any of the actual selling? That’s
the beauty of passive income. Now don’t get me wrong. Building a decent passive
income source also requires time and effort. But it’s nowhere near the kind of
work you will have to do if you want set up your own production and all that jazz.

If you’ve gotten this far, chances are that one or more of the following points ap-
plies to you:
• You have a natural love for T-Shirts and/or popular fashion
• You consider yourself a creative person or like drawing stuff
• You don’t like your current full-time job
• You like your current job but would prefer working for yourself
• You want to create your own business (really, any business)
• You already run your own business but want to improve something
• You’re not ready to quit your current full-time job just yet
• You want to know how on earth I managed to earn more than $100,000
in a year with T-Shirts

If any of the above apply to you, then you’ve come to the right place. In this free
report I will share with you how I managed to start a T-Shirt business from nearly
nothing, developed it to the point where I was making more than $100,000 a
year (80% of it was pure profit before tax) without affecting my regular day-
job and how despite setbacks and increased competition, I am still maintaining
$45,000-50,000 in profits before tax. Every year, without moving a finger.

Following the chronological series of events, I will show you step-by-step what I
did to achieve the above and provide you with detailed insights into what was cru-
cial for my success and what fallacies initially kept me from growing my business
even faster. I will let you in on some of the most crucial secrets which allowed me
to be more productive than many of my competitors. I will also show you how I
eventually outsourced key elements of the work to freelancers around the globe.

3
And finally, I will give you a detailed history of my earnings over the past couple of
years, including official earnings reports, an overview of my monthly costs as well
as firsthand insight into the ups and downs which come with the business (Christ-
mas is a GOOD time to be selling T-Shirts).

If you’ve gotten this far, then one thing is certain. You have the necessary com-
mitment, the inner drive to do what it takes to achieve that goal. Honestly, who
ever reads the introduction to anything? ;-)
But jokes aside, this report is only the foundation of what I have to share. It is the
cornerstone of everything I have learned in the past few years and reason why I
can teach others now. Many of the subjects which I touch upon in this report are
dealt with in more minute detail throughout the website. Therefore I highly rec-
ommend that you browse all the resources that are on offer and if you find this
information useful, make sure you sign up for my newsletter and please do share
this with your friends and colleagues. There is so much to be learned!

Best Regards
Christian Heidorn

PS: Don’t miss out on the little bonus on the last page ;-)

4
JUST A HOBBY
How I Got Started
1
If you read the introduction, then you ed to become a web designer. Not that
already know that I’m a huge design there’s anything wrong with that. On
fanatic. I always loved drawing when I the contrary. But given what I know
was a kid. I used to try to copy all the about the industry today and knowing
cartoons I saw on TV and I would learn that I consider myself more of a gen-
how to draw them by heart. And for eralist, I think I made the right choice
some reason that passion stuck with after all.
me after all these years. And while I
don’t actually spend much time draw- So what exactly was that choice? Well,
ing nowadays, that passion manifests I ended up pursuing a business edu-
itself in my special interest for all things cation. I know, I can hear the crowd
related to design. Whether it be typog- shout: “Boooooring!”. I know and to
raphy, package design, architecture or a certain extent that is true. Howev-
T-Shirts. If it’s aesthetic, then there’s er, I’ve also always wanted to start my
a good chance I will like it. I also spent own business and knowing a thing or
a good portion of my teens designing two about accounting, financing and
and programming websites on various marketing goes a long way in helping
topics. It was one of my many pas- you not just start your own business,
times, with the slight difference that it but also making it a successful one.
also expanded my knowledge with re- However, after many years of study-
gard to all things related to IT and web ing, internships and all that jazz, I ac-
development. Actually, I’m pretty sure tually ended up signing a contract with
I recall a phase where I seriously want- a fairly prestigious German strategy

5
consultancy. Yeah, I sold my soul. But thing to keep you busy/productive and
you know what? When you’re about to entertain yourself at the same time.
graduate, with plans to go backpack- So one day, I remembered that while
ing for a couple of months before you writing my Master’s thesis, I had writ-
start working and you see that big fat ten a case study about a fairly success-
entry-level salary - it’s very difficult to ful German startup. I actually did an
say no. interview with their PR guy, which not
only provided me with loads informa-
So guess what, I took that job. It was tion to use for my thesis. It also gave
August 2008. I travelled through- me some great insights into the startup
out Asia. Had blast in countries such itself and how it worked. Back then the
as China, Japan, Thailand, Cambodia, PR guy said something along the lines
Malaysia, Singapore, Philippines and of: “Designers are probably not going
Indonesia. And when I got back home to get rich, but it’s some nice money on
and was about to move to another city the side.”. Well that was exactly what I
for the new job, I found out I was being needed at the moment. I didn’t have
laid off. A joke? No sir. I was being laid any income, but I had to pay the bills
off even before I ever got a chance to somehow. So guess what. This particu-
start the job properly. We were in the lar startup was called Spreadshirt and I
middle of the big sub-prime crisis and was definitely going to give it a try.
I was one the first victims. So there I
was, well-educated, no job, no income Introducing the Spreadshirt
and no clue what I was going to do. Business Model
Before I go on, let me introduce you
The best thing to do when
to the concept behind Spreadshirt. To
you’re unemployed
be honest, it’s been done before and
Yes, I spent some time partying. But at their idea wasn’t particularly innova-
first I actually spent most of my time tive by itself, but mass customization
writing applications, improving my CV and crowdsourcing was becoming a
and doing a whole bunch of interviews big trend and Spreadshirt’s offer was a
with companies. But at some point all perfect match for this.
you can do is wait for responses from
your prospective employers. And since Spreadshirt’s target audience can be
waiting isn’t particularly fun, you’ve got broken down into 2 major groups, with
to find some sort of a hobby. Some- each one containing sub groups.

6
Spreadshirt realized that the market And the designer partners could sim-
for customized or self-designed ap- ply focus on creating their designs and
parel was huge. Not only in the Unit- put them on the marketplace, where
ed States but also in Europe. They also they would either be used directly by
realized that it is very difficult for one an end consumer, who was creating his
particular shop to cover all the differ- own T-Shirt. Or any of the thousands
ent interest groups and niches in this of shop partners could just grab a de-
world. It simply isn’t possible. But they sign and start selling it. Shop partners
knew that there was a huge amount of receive a commission of 20% on all
awesome designers and a lot of good their sales and designers receive what-
marketers who could theoretically ever amount they set for that particu-
serve all those niches, if only they were lar design.
given the means to do so. They made it This allowed Spreadshirt to grow at
tremendously easy for just about an- an incredible pace. Most of the work
yone to set up an online store within was being done by other people, who
no time and start selling T-Shirts. Shop were also making a profit. Without all
partners (as they are referred to) didn’t this crowdsourcing and distributed via
even have to create any designs or thousands of mini-resellers, Spread-
T-Shirts, unless they wanted to. With- shirt would not have become the com-
in minutes you could search amongst pany it is today.
numerous designs on your particular
topic and just add them to the shop.

7
Planting the Seeds of Success So after creating a couple more de-
signs and doing everything I thought
So after registering with Spreadshirt I
was necessary, I decided to give it
immediately started creating some of
some time and wait. In the meantime I
my first designs. I really didn’t know
continued to write applications by day
what was going to sell, so I just de-
and go partying with friends by night.
signed what I thought looked good and
what I would wear. I also created a few
Until one fine morning…
more simple designs, because I didn’t
want to start off with only 3 designs.
Even if I thought they were awesome.
I didn’t bother setting up a shop at the
time because it seemed like running a
shop was too much of a hassle (which
is true by the way!), so I just published
them on the marketplace, added some
good keywords and there you go. Let’s
start selling!

Easy, right? Yeah, not really. Obvious-


ly, even on a platform like Spreadshirt,
you’re not going to start selling stuff
overnight. You know that big myth of
quick and easy cash on the Internet?
It’s exactly that: A myth. So unless
you’re extremely lucky, you are not go-
ing sell anything for a while. But luck-
ily Spreadshirt pushes newly released
designs to the front of the pack for a
limited time, so that newcomers have a
chance to join in and make some mon-
ey as well. It’s still no guarantee, but it
does increase your visibility and thus
your chances of landing a sale.

8
A SIMPLE FORMULA
Sales, Pricing & Scalability
2
Making my first sale was a big deal for that someone was looking for a T-Shirt
me. I can imagine it would be the same just like yours and was even willing to
for anyone who’s never sold anything pay for it. How powerful is that?
before. When you start getting into
this sort of thing, no matter how much Is it repeatable?
you want to believe that it’s possible,
it simply doesn’t match up with the Making one sale is nice and there’s no
actual experience of landing your first doubt about how awesome it makes
successful sale. Back then I didn’t fre- you feel. But it does leave you won-
quent Spreadshirt’s website much to dering: “Was this a one-time thing?
check the stats, so it wasn’t until the Or is this repeatable?”. Well, I figured
next morning that I found out. Spread- there was only one way to find out. So
shirt sends out a daily summary of all I started creating some more designs.
your sales which have been paid, pro- In some cases I would use some of
cessed and shipped. When I got that the ideas that had been popping into
first E-Mail I could hardly believe it. my head every now and then. In oth-
Something inside you just goes: “Re- er instances I would use the inspiration
ally? Did I just sell something? Awe- I had gotten from some of the design
some!”. And it doesn’t matter how websites I visit on a regular basis. But
small the amount is. It’s such a big deal I figured that it would also be a good
and has a huge impact on your personal a idea to do some designs with funny/
motivation. Just think about it. Making humorous quotes. It seemed like those
that first sales is absolute confirmation were the type of T-Shirts that were at-

9
tracting most of the attention around Spreadshirt were coming in more
the internet. frequently and while I wasn’t getting
particularly rich, it was money which
Back then Spreadshirt only offered one I didn’t have before. I wasn’t going to
proper printing method, which techni- complain. Particularly since I was hav-
cally isn’t really a printing method at ing loads of fun doing it.
all. They use so-called flex foil which
is then pressed onto the T-Shirts. This Finding the optimal price
technique has a variety of pros, includ-
ing durability, more lively colors and After several weeks of sales, I was
the possibility to allow the end-user to slowly reaching the point where I was
choose the colors of the design to his making at least 1 sale a day. At the
liking (a BIG advantage). The cons un- time I was charging anywhere between
fortunately include the annoying lim- €1.50 and €3.00, largely depending
itation to 3 colors (no gradients) and on the complexity of the design and
rather simple designs. In other words: how many colors it had. Needless to
The kind of stuff you see on Threadless say that with roundabout 30 sales per
simply isn’t possible. month and an average design price of
€2.50, it wasn’t going to pay the rent.
So after putting up a couple more There was a lot of discussion going on
designs and waiting for a few days, it amongst all the different partners in
didn’t take long until I made my next Spreadshirt’s forum and pricing was a
sale. Every couple of days I would hot topic. Essentially, many of the new-
make another sale. And with every comers usually didn’t have a clue what
sale of a particular design, that design sort of price they should be charging.
would move up in the rankings of the Most of the time they were so fixated
Spreadshirt marketplace. That in turn on making ANY kind of sale, they were
would increase the design’s visibility, willing to set their design price to very
which obviously increased the chanc- low levels. And at that time my own
es of making another sale. So clearly behaviour wasn’t particularly different
there was a positive spiral effect. This either.
wasn’t the case for all the designs I up-
loaded, but for a few very popular ones But many of the more experienced
it worked. partners were making a fair point. By
setting a price that was too low, many
Slowly but surely my daily mails from of the designers may have been boost-

10
ing their sales numbers, but they were So what is revenue? Revenue is simply
also destroying a lot of profitability in the result of a multiplication of num-
the market. With their low prices they ber of sales times unit price (# of sales
were forcing other designers to follow x unit price). If you look at the graph
suit (at least partially). Obviously from above and do that calculation for all
a consumer point of view it’s a good potential combinations, you would see
thing and after all, that’s what compe- that there is always an optimal price.
tition is all about. However, they were The optimal price is where you make
setting their prices much lower than enough sales in order to achieve the
they needed too. They were giving highest overall revenue.
away profitability simply because they
didn’t know any better. Unfortunately most designers didn’t
understand that, but a handful of very
Classic microeconomics teaches you successful ones did and the quality of
that at any given price you will achieve their designs was very high. Therefore
a particular number of sales. If you in- they were able to maintain a certain
crease the price, the number of sales price level without sacrificing reve-
is more than likely to go down because nue. I eventually opted for a flat fee of
less people will be willing to pay the €4.00 per design, irrespective of the
higher price. Equally, if you lower your number of colors or the complexity of
price, a larger number of people are the design. It allowed me to simplify
likely to buy. If you plot all potential my design management, it was high
combinations on a graph, you will get enough to generate a good profit and
a curve which looks a bit like the one at the same time it generated enough
below. sales to maintain a good position in the

The objective is to
maximize your reve-
nues by finding the
right balance be-
tween quantity and
price.

11
marketplace rankings. perfect correlation, the more designs
I published, the higher my sales were.
Is it scalable?
I had just moved to a new city, start-
As I continued to create new designs ed a new job and aside from my col-
of varying complexity and style, I no- leagues I didn’t really know many peo-
ticed that while certain types of de- ple. So instead of roaming the streets
signs clearly sold better than others, and bars, I decided to invest my free
the general trend of sales was going time into creating loads of the new de-
up. I wanted to get to the bottom of signs which would hopefully sell well.
this and see if I could identify any par- Not all of them turned into bestsellers.
ticular correlation. It was important for Quite the contrary, but even if I only
me to do this analysis because it would 1 out of 10 sold really well, the oth-
help me decide whether this whole ers would still generate the occasion-
“Spreadshirt thing” was just a little al sale, so that the income which I was
hobby on the side or whether there it making from Spreadshirt was actually
was worth putting more effort into it. quite respectable. And the beauty of it
More effort obviously also meant in- all: All my work was going entirely to-
vesting more of my spare time, which wards growth.
had recently become a little more
scarce since in the meantime I had
successfully landed two job offers at a
multinational corporations.

So I started tracking my weekly sales


as well as the number of designs I had
published on the marketplace at that
particular point in time. And after a few
weeks of tracking numbers and doing
some more in-depth analysis, it quick-
ly became clear that what had initially
started as a pastime/hobby, actually
had the potential to become a seri-
ous source of genuine passive income.
I had confirmed the question around
scalability and even though it wasn’t a

12
NOT A MATTER OF TASTE
The Difference Between Good Design
& Customer Needs
3
There is a common misconception or super-artsy T-Shirt he wants to de-
that the most creative, artistic or clev- sign next. The reason he puts so much
er designs are also the most success- thought into this is because he is actu-
ful ones. And while I agree that a well ally projecting his own idealistic vision
designed T-Shirt will generally receive of a “cool designer guy” onto himself.
more recognition and attention than He doesn’t want to be a commercial-
a 5-minute scribble, it doesn’t neces- ly driven person, because that’s simply
sarily mean that it will sell well. If there not cool. But unfortunately he’s sim-
is one thing I have learned throughout ply not as original as he thought he
the years selling designs on Spread- was and starts roaming the net for in-
shirt, it’s that small-time T-Shirt artists spiration, waiting for that moment of
take themselves WAY too seriously enlightenment. And when moment fi-
and tend to completely ignore WHO nally comes, he has the perfect image
their target audience is and WHAT it is in his head. He has a very clear idea
they are looking for. of what he wants to create. Unfortu-
nately, in most cases the actual design
Let me explain the classic approach doesn’t live up to the expectations of
of the wannabe T-Shirt designer on the mental image. And even if it did, it
Spreadshirt (I’m allowed to say that wouldn’t really matter. Why? Because
because I used to be one of them). So contrary to what many guys think, the
after setting up a Spreadshirt shop in world has NOT been waiting that last 5
10 minutes, the wannabe designer will years just to see his designs. He has a
start thinking about what sort of clever simple online shop, which no one even

14
knows about and his designs are actu- But there is a good reason for this. On
ally too sophisticated for the average a platform such as Spreadshirt, the
consumer. The result: 0 sales. consumer is looking to create some-
thing of his own. He has an idea in his
I know it sounds harsh, but let’s be head and only needs the right tools
honest. Much like in any artistic pro- and designs to create it. And because
fession, unless you are REALLY RE- it’s a custom creation, the consumer is
ALLY good and/or have some good actually willing to pay a fairly high price
publicity helping you along the way, for the product. The most successful
it’s not going to work out. And besides designs on Spreadshirt are fall into two
all that, it simply doesn’t appeal to the broad categories:
audience you are targeting via Spread- • Simple Clip Art
shirt. Think about it, why is Spreadshirt • Funny/Witty Designs
so popular amongst private consum-
ers? It’s definitely not because they After what I’ve just explained the clip
have such a big selection of designs. art probably makes sense to most of
You can get that just about anywhere you. The more general the design, the
nowadays. It boils down to the fact higher the chances of being able to
that Spreadshirt allows you to design mix and match it with other designs
your own T-Shirt. More than 80% or adapt it to a certain context with an
of my sales on Spreadshirt happened appropriate text. It simply makes the
though their online T-Shirt designer design more customizable for the cus-
on their website. The rest came from tomer.
on-site sales of pre-designed T-Shirts There are two reasons why funny or
(ready to buy) and partner shops who witty designs are so successful. The
were showcasing/using my designs. obvious one is because things which
But the absolute majority came via the make people smile, laugh or chuckle
online designer. And you know what? attract far more attention than oth-
I actually got to see some of the stuff ers. Just think about all the funny pic-
consumers design on their own and tures which you’ve shared with your
trust me, it ain’t pretty. Some of the friends and colleagues at the office.
T-Shirts or Hoodies were plastered People get a kick out of it and there-
with designs to the point, where the fi- fore might even think about wearing it
nal price of the product had more than on a T-Shirt. The other reason is very
doubled versus blank piece of apparel. much linked to a similar principle. Ba-
sically, A LOT of the purchases done

15
on Spreadshirt are meant as birthday
presents, bachelor party shirts, team
shirts and the list goes on. It’s those
particular events which lead to some
of the biggest and yet more useless
purchases there are. A shear unbeliev-
able amount of T-Shirts are bought for
one-time purposes. And people will
continue to celebrate birthdays, get
married or organize some other kind of
event.

So when you start thinking about what


type of designs to create, you really
need to think less about what you think
looks good or what you would LIKE to
sell. If you’re here to make money, you
need to think about what your target
audience’s needs are and then craft
your products (in this case designs)
around those needs.

16
THE MULTITASKER
Automating Repetitive Processes
4
I was actually starting to become pretty Tracking Sales
good at this. I was happily creating my
When you’re just starting out it’s not
designs and actually began to generate
exactly the first thing you think of be-
some serious income. At the time my
cause to be utterly honest, you could
monthly earnings before expenses and
track your monthly sales with your
tax must have been around €1,000
ten fingers. But once you start selling
(or about $1,300) per month. Not bad
more and more designs, proper re-
at all for someone who had just started
porting does become somewhat of an
his first job and suddenly boosted that
asset. It gives you an objective way of
monthly income by easily 30%. I used
determining whether you are achiev-
to refer to it as my own personal bo-
ing the growth you had hoped for and
nus. But despite all the success I was
also helps you put event-driven highs
having, I also realized that while I was
or lows in sales into the proper per-
having a lot of fun creating all my de-
spective. Seasonality is a recurring
signs, the publishing part was more an
theme in any retail-driven business
annoyance than anything else because
and thus it becomes important (for the
it was a bit complicated, required lots
sake of your own sanity) to understand
of useless clicks and was extremely re-
why sales are up or down in a particular
petitive. It was eating away at my per-
month and whether what you are see-
sonal time but also restricted me in the
ing is within the range of “normality” or
amount of time I could invest in cre-
perhaps a bigger problem.
ating new designs. So I decided, there
must be a way to simplify things!

17
As I explained earlier in this report, the E-Mail
Spreadshirt actually publishes daily 4. Extract the information re-
sales reports every day with a sum- garding each sale
mary of all the sales which were pro- 5. Inject it into a MySQL database
cessed and shipped the day earlier. 6. And finally move the process
They also provide you with an overview E-Mail to a predefined sub-
in the administration area of your ac- folder for archiving
count, but it really doesn’t give you the
sort information you need and unfor- Having this script made my daily life
tunately you can’t use it properly for so much easier because I wasn’t wast-
your own analysis. Manually extracting ing time manually extracting all of the
all the important information from the above. I had to invest quite a bit of time
sales E-Mail is obviously an inhumane up front in order to get it working, but
task and therefore it became clear to the time investment paid off tenfold.
me that I need to find some sort of an And I actually still use that very same
automated solution. script today.

Luckily I was a bit of a computer nerd Reporting


growing up and I taught myself a cou-
ple of coding languages, including PHP With all the relevant sales data saved
for web development purposes. Using in a MySQL database, it was extremely
those pre-existing skills and reading easy for me to create almost any type
up on a few more things regarding ac- of report I could think of. And that
cessing mail servers ultimately helped is really what proper reporting is all
me write a script, which automated about. Because as you grow your sales,
the majority of the work associated you will ultimately reach the point
with extracting sales information from where you wanted to see how well you
those E-Mails. It wasn’t fully automat- are doing versus a particular target you
ed, but all you had to do was load the may have set yourself. Using all of the
particular URL and the PHP script information you have and turning it
would do the following things: into meaningful reports will allow you
to create sales projections and thus
1. Access my mail server give you an idea of the total sales you
2. Find any outstanding sales re- can come to expect towards the end
ports from Spreadshirt of the week/month/year. Using some
3. Parse through the content of simple ratios, you can also calculate

18
the estimated conversion rate of your on the computer and once you’ve re-
designs. In other words, if you’ve dou- corded or created a macro, you can
bled your number of designs, are you execute it as many time as you would
also achieving twice as many sales? like to. The computer will then play the
Those are the sort of things you need macro all by itself, clicking all the right
to think about. Here are some of the locations and inputting the same infor-
KPIs which still track today. mation over and over again, as if a real
human being was sitting in front of his
• # of Sales
computer and doing it all by himself.
• Revenues
• Revenues after VAT
By now you should be getting a good
• Gross Income
idea of why automation with macro is
• Performance vs. Last Week,
such a powerful and valuable tool. It
Last Month
allows you to multiply your produc-
• Estimated Profit after Income
tivity by as many computers as you
Tax (Monthly)
have available and you could even let
the computer do all the work while you
Automating Desktop Interaction Us-
enjoy a nice cocktail on the side ;-)
ing Macros
Using scripts to automate certain el- There are numerous desktop auto-
ements of data processing and cal- mation tools available, but only a few
culations is one of ways of eliminating actually provide the necessary func-
some of the unnecessary manual work tionality paired with an intuitive user
that needs to be done. But script- interface. Both are important, because
ing only gets you up to a certain point when you’re trying to emulate real life
and doesn’t help you when particular movements, it’s important to get into
processes absolutely require human the nitty gritty details. But at the same
input or at least some form of “point time, if it’s too complicated to use the
and click” interaction with the browser. tool, you will ultimately end up wasting
But luckily there is a solution to this. too much time trying to get the damn
As long as the process is repetitive and thing to work properly. Depending on
doesn’t require any dynamic input, a what sort of system you are working
lot of that browser interaction can ac- on, I can recommend the following
tually be done by what we call Macros. two applications:
In simple terms, Macros are a record-
ing a particular sequence of actions

19
KEYBOARD MAESTRO were planning to upload more than
1 or 2 designs. Given the fact that in
order to reach the sort of sales that I
generate, you have to upload a lot of
designs, it quickly becomes quite clear
why this process has to run as quickly
and smoothly as possible.

While Spreadshirt’s website has gone


AUTOMATE 9 through many design changes, it’s
HTML structure and the way the site
works never really changed. The foun-
dation on which it was built still remains
the same. So believe it or not, you still
have to upload every single design in-
dividually, because the website only
gives you a single browse element in
the upload form. Therefore, you are
forced to upload them one at a time. A
I own a Mac and therefore Keyboard process which doesn’t necessarily take
Maestro is my weapon of choice and all very long, but it’s annoying nonethe-
the macro’s I’ve created and describe less.
on the following pages have been done
with Keyboard Maestro. As you’ll see This is one of the things, which both-
on the screenshots, it looks like a fairly ered me early on and it was also one of
simple tool. But don’t be fooled, it’s in- the first things I tried to “fix” for my-
credibly powerful! self. Some people would call it “hack-
ing”. I would probably describe it more
Uploading & Activating New Designs as a form of “reverse engineering”. But
before I could do that, I first had to un-
I’m pretty sure no one would ever think derstand how the website worked. So
that uploading a bunch of designs to a I had a look at the source code of the
website would take particularly long. upload page and identified the sec-
And while in essence that is true, tions of the HTML code which were
Spreadshirt unfortunately never made relevant to uploading designs (essen-
it very easy either. Especially not if you tially just the upload form). I then took

20
that section of the source code, cop- which would serve as “window” for
ied and pasted it into a separate text each upload form. By doing this I was
file and saved it as an HTML file on my literally able to upload up to 24 designs
desktop. I then went into that HTML at a time without ever leaving the page.
file and edited the source a bit. There It cut the time required to upload 24
wasn’t much to change. I simply edited designs by half. So if it used to take 15
the “action=” attribute, to include the minutes, I was now doing it within 7 or
full URL of Spreadshirt’s website. This less.
was necessary because otherwise the
form would have completed the ad- But I took the whole process even fur-
dress with the local directory in which ther:
the HTML was located. I then opened
that HTML in a browser, selected a file • All my filenames had a particu-
and pressed the submit form. And lo lar code at the back, which would
and behold, it uploaded the file and I indicate the number of colors in
arrived the same confirmation page, the design (which you needed
as if I had done it all from Spreadshirt’s to indicate in the upload form).
website. Obviously, for this to work, With the help of Javascript I au-
I already needed to be logged in with tomated that process. Every time
a session. Otherwise it wouldn’t have I selected a file, the radio buttons
known who was uploading. But what’s would automatically detect the
much more important is the fact that code and set the right number of
it proved that I could modify some of colors.
admin area to make things easier more
• I used Keyboard Maestro to cre-
me.
ate a macro which automatically
executed the whole process. And
I was essentially mimicking the real up-
in order to save me the time re-
load pages, but at the same time I was
quired to select and choose every
making them much more flexible and
single file by hand, I created an
quicker to use than the original. So in-
additional PHP script which
stead of having only one upload form
worked in perfect synergy with
on the page, I created a condensed,
my macro.
yet bare skeleton of an upload page
with 24 forms. And in order to avoid • The PHP script would scour a
the browser from actually navigating particular folder on my server
away every time, I create “iframes” (where I had deposited the 24

21
new designs to upload). It would where it worked flawlessly. However,
then generate a ZIP file, which it also helped me save countless hours
would be downloaded via the of work which were now being done by
browser. Once downloaded, the my computer. The above process lit-
above mentioned macro would erally reduced my manual work to the
unpack the ZIP into a particular following steps:
folder on my drive and begin the
upload process. Going through all 1. Pick up to 24 designs to upload
24 forms, each time it would pick
2. Upload them to my webserver
a different file from the folder
using an FTP application
and upload it.
3. Start the macro
• Once everything was done, an-
other PHP script would be ex-
That’s it. But that was only the begin-
ecuted which did some cleanup
ning. Just wait until I show you how I
work on the server and the macro
literally started creating products in
would do the same.
my sleep! :)
• A final PHP script would be load-
ed, which made sure the designs Creating Products for Each New De-
had the correct names. When sign
they are uploaded, Spreadshirt
After selling hundreds of designs on
automatically assigns the file-
Spreadshirt it eventually dawned on
name, which isn’t always the most
me that of the keys to making a lot
readable or pretty to look at. The
of sales wasn’t just providing the cus-
script would essentially mimic the
tomers with designs which I they
design list in the admin area, fix
could easily adapt or combine in or-
all the names and even set the
der to achieve the particular T-Shirt
standard price which I prefer to
they wanted. Most of the time, it re-
use. It also injects all the designs
ally boiled down to visibility. You could
IDs into a database for later (you
notice it with some of the bestsellers
will find out why in the section
which I had. They tended to perpet-
about publishing designs).
uate themselves. More sales meant
higher rankings, which lead to higher
Granted, it all sounds a bit tricky and
visibility and ultimately more sales as
I will admit that it took quite a bit of
well. It was a positive spiral. You could
work to get it working to the point

22
argue that since nearly 80% of my tle value and the time definitely better
sales came from the online designer, spent elsewhere, if only it weren’t such
creating products didn’t make a lot of a necessity. So at some point I won-
sense. But it did, because very often dered if it was possible to automate the
people would browse through all the process via a macro. The short answer
ready-made T-Shirts and when they is: Of course it’s possible. The long an-
finally found a design they like, they swer is: It’s possible, but if you want it
would either buy it directly or modify to be fully automated to the point that
it a bit. If a ready-made product was you can let it run overnight without
modified, it would eventually be re- requiring any further input, it’s require
ported as a designer sales. So it other some serious development work first.
words, creating products was an abso- So I gave it a try.
lute necessity in creating visibility for
yourself. Also, a lot of designers didn’t I eventually created somewhat of a
realise that most of the products were mammoth of a macro. To be more
created in the most general and pop- precise, it’s actually not one macro.
ular categories. It was difficult to rank It’s a whole collection of macros. Each
well there. But only very few designers one represents a particular element in
created products for niche categories. the entire process. In other words, I
It was actually quite easy to get ranked tried creating a modular system which
well there because there was so little would limit the number of macros I
competition. At some point in some had to create and at the same time re-
categories, all of the products on dis- main flexible enough for me to make it
play came from a handful of designers dynamic. Roughly 80% of the process
and I sometimes actually had a good is the same for each iteration of the
25-30% of the first page. That was process, but the other 20% need to be
awesome visibility and it really helped dynamic because the particular design
my sales. which needs to be selected obviously
isn’t always at the same location in the
But unfortunately, creating all those designer. The online designer essen-
products was the most horrendous- tially shows you 25 designs at a time
ly boring and time-consuming pro- and each time the macro would have
cess. Particularly if you put effort into to switch to the next one.
choosing the right shirt color, design
color and all that jazz. But you know Once again I achieved this through a
what? All that effort is actually of lit- combination of things:

23
• Once done with all the designs
and products, the macro would
• An overall macro would govern
load a final PHP script in the
the entire process from start to
browser, which once again mim-
finish, clicking where and when it
ics the design list in the admin
needed to but also loading addi-
area and adds the “++” code to all
tional PHP scripts in the browser
the design names. That way next
whenever necessary.
time they will be identified as de-
• The macro would first load the signs for which products have al-
browser and log into my account, ready been created.
just to make sure I had an active
session on the Spreadshirt web- Now, as complicated as all that sounds,
site. all I really need to do in order to get it
going is this:
• A PHP script would then load the
list of designs in the admin area
and parse through the source 1. Launch the main macro which
code to identify for which de- governs it all.
signs I had already created prod-
2. Turn off the screen and go to
ucts. Designs which already had
bed.
products would have a “++” in
their name. The script would fil-
And once you’ve got it all set up, it re-
ter those out and create an “Ac-
ally is THAT easy :)
tion List” for the other designs.
This action list is essentially just a
list of the different macros which Publishing it on the Marketplace
need to be executed in that par- After you’ve uploaded the designs and
ticular order. One macro per line. created all the necessary products for
This action list was saved to a text better visibility, there’s only more step
file on the server. to go. And that is the publication of it
• Another macro would then use all on the marketplace. This is a crucial
Perl script to retrieve that same step, because otherwise all your work
text file from the server and or- will remain hidden for eternity in the
der Keyboard Maestro to exe- depths of your Spreadshirt account.
cute each and every macro in the Publishing is also one of the most
appropriate sequence. tricky parts because not only do you

24
need to make sure you give your work from Spreadshirt. The unofficial reality
suitable keywords which will help cus- is that the platform has a known bug.
tomers find them. You also need to pay You see, all European platforms share
close attention which platform you are the same user database. So if I wanted
publishing to. You see, Spreadshirt was to, I could log into my account on each
founded in Germany and expanded of the different websites. All my designs
very quickly within Europe. Europe is and products are linked to that user
strange market because although most account and thus I can also see them if
consumers can read/write/speak Eng- I decided to log into my account from
lish, most of them still prefer to surf the Swedish site. The marketplaces,
on websites in their mother tongue. however, are completely separate. So
That is a fact. So if your website in only even though I may have entered key-
available in English, you are effectively words, description and published a de-
losing out on a lot of business because sign on the Swedish site, I can actual-
there are other alternatives out there ly log into the Danish site as well and
which are multilingual. the design will not be published and all
those fields will be blank again. If I now
Spreadshirt knew this and tried to ad- go through the same process again, it
dress this problem early on. Unfortu- will actually publish that design on the
nately, for some reason which remains Danish marketplace as well. Now, the
unknown to us, Spreadshirt thought it tricky part is knowing in which order
would be a good idea to create about you have to publish a design. In my
11 different marketplaces which each particular case, I own a German user
served a different language and which account, which also happens to be
were completely separate from each the home of Spreadshirt and as far as
other. We can only assume this was I can tell, is also the primary home in
meant to avoid linguistic confusion terms of IT infrastructure and code.
when it came to the names, descrip- So what I noticed was that you could
tions and keywords for the designs. So if publish your designs on as many Euro-
you created your account on the Ger- pean platforms as you like as long as it
man Spreadshirt website, you could wasn’t the German one. Because once
only publish your designs and products you published something there, it was
on that particular marketplace and no- impossible to publish it anywhere else.
where else. If you wanted to do that, So as long as you made sure you kept
you had to create a new account. Or Germany until end, you were fine. So,
at least that was the official statement in other words, if you’re clever enough,

25
you could publish your designs on a the word “monkey” if the website he is
whole array of other marketplaces with using is completely in Italian. So you
fairly little added effort and thus reach would be much better off using the
thousands of new potential customers. term “scimmia”, which means monkey
in Italian. It’s a simple process and can
But simply publishing the designs be done with Google Translate.
wasn’t enough. You also had to make
sure your designs were found by giving I realize that googling all your keywords
them meaningful and fitting keywords. takes a lot of time and that the whole
Unfortunately the problem with asking process actually seems like it may be
users to put in their own keywords, is quite lengthy. Guess what, you’re right.
their inability to understand the im- And that’s why I also tried to automate
portance of using “relevant” keywords. this process as much as possible, once
One of the most common keywords again using a clever combination of
you’ll find on Spreadshirt is “love”. macros and scripts. What makes this
You’ll find love attached to so many process a bit special though, is how I
designs, it’s not even funny anymore. use the Google Translate API to cre-
“Love” will be used for trees, kids, ate on-the-fly translations of my key-
blood, ghosts, naked women, apple, words into multiple languages. The
cars and guess what, for hearts. People translation is instantaneous and I save
do that because they think that “love” loads of time.
is a keyword a lot of people search for
and they are hoping it will increase their So what are the key elements to the
sales as well. However, the problem is process:
that if someone searches for “love”,
chances are slim that person is looking • Before I publish anything, I use
for the design of a monkey. In other a special PHP script which re-
words, using irrelevant keywords may trieves the last 50 designs from
increase visibility, but conversion rates my user account on Spreadshirt.
will be low. And ultimately you want It then extracts all the design
customers to convert. And that is also IDs and cross-references them
why you need to make sure you localize with all the designs I’ve uploaded
your keywords and descriptions when before and checks whether I’ve
publishing on other marketplaces. An already assigned keywords and
Italian customer who is searching for a categories to them. If yes, it will
monkey design is unlikely to search for display them. If not, they will re-

26
main blank and I have a chance to 1. I set the categories and English
update those blanks. keywords for all the new designs
(this probably the only real ef-
• A macro is then launched. It
fort you need to put it)
starts by loading a PHP script
which scours my Spreadshirt ac- 2. I then launch the publication
count for designs which haven’t macro
been published already and cre-
3. Wait for the macro to finish and
ates a link list.
then wait for Spreadshirt to ap-
• The macro then goes through prove it
that link list, clicking each one
at a time and then performing a As you can see, once the system is set
series of actions. Each link loads up. It works like a charm and reduces
a separate PHP script with an your own effort to a minimum.
HTML form with text fields for
keywords, description and cat-
egories of the design. The script
then uses the Google Translate
API to populate the fields with
the translated keywords and the
macro clicks the submit button.
But it doesn’t access the Spread-
shirt site directly. I actually loads
another PHP script which then
uses CURL to submit the above
data to each and every national
marketplace in one go.

• Once the macro is finished click-


ing through all the links, the us-
er-side publication process is
done.

And once again, there wasn’t too much


manual effort in all of this:

27
ONE MAN ARMY
Outsourcing Creative Processes
5
Things were going well for me and my on designs, which didn’t meet my per-
newly found ”muse”. My earnings were sonal taste. Don’t get me wrong. They
going consistently upwards as I contin- were designed well, but they weren’t
ued to create more and more designs something I would have bought myself.
for many different target groups and And that took some of the enjoyment
niches. I had also successfully eliminat- away for me. It felt more and more like
ed one of the major time consumers in a chore and that bothered me. There-
that whole process by using macros and fore, I decided it was time to start out-
PHP scripts to simplify and automate sourcing some of the “creative” work.
a lot of the work which had previously But how?
been done by myself manually. How-
ever, I was still investing a lot of time in Outsourcing Online 101
the creation of new designs and while
I thoroughly enjoy designing things, it I think it’s safe to assume that near-
also largely depends on what I am de- ly everyone is familiar with the basic
signing. Remember how I explained to concept of outsourcing. In the end
you earlier in this report that custom- all it boils down to is shifting pieces of
ers don’t necessarily buy the shirt with work or entire processes to an external
the highest creative value? Well, that service provider who can fulfill the task
turns out to be a major problem for in a much more efficient way and pos-
someone who prefers to design some- sibly also provide higher quality results
thing aesthetic but also wants to earn than oneself could. And the same way
money. I ended spending a lot of time thousands of companies outsource

28
some of their work, so can you. How- level of their technical skills and even
ever, many people are afraid of spend- their proficiency in English. I know, it
ing a lot of money for external help sounds strange. But trust me, you’ll
because they think it reduces their want to work with someone who speaks
profits. And although that is true in the good English or any other language
short term, they often neglect the fact you prefer because unless they fully
that you can also grow your business understand you or can at least artic-
much quicker if you have support from ulate that they don’t understand your
others. It’s that particular leverage that instructions, you’re in for some waste
most people who run a side business of time and money.
tend to lack.
Finding the Right Designer
So where do you find freelancers who
are willing to take some of the workload Unfortunately, despite all the search
from you? Obviously you can check and filter functionalities of the oDesk’s
your local classifieds or scour some of website, finding the right designer for
the relevant trade magazines for ad- you is actually not as easy as it sounds.
verts. But why waste your time with We all have different levels of expecta-
that when the Internet can offer you tion and not every designer is automat-
so much more? The internet is full of ically a jack of all trades. In fact, quite a
freelancers from all around the world few of a cheaper guys (and surprisingly
and the great thing about that is not enough also some of the more expen-
only the fact that you have thousands sive ones) actually don’t have a lot of
of potential partners to choose from, a skill at all. In many cases, I could easily
lot of them also come from countries do better work. That being said, there
with lower income levels which allows are also hundreds of excellent design-
them to provide far more competitive ers out there who are also very talent-
rates. For example, some of the de- ed and don’t necessarily cost a fortune.
signers I’ve hired work for as little as I managed to find some as well afterall.
$10 an hour and do excellent work.
Before you start searching for a de-
The main website I use is oDesk, which signer, I suggest you spend some time
actually recently merged with eLance. thinking about what it is you want to
The great thing about oDesk is that achieve and what your budget is. Once
you can easily search and filter all the you’ve done that, go to the relevant
designers in the world depending on category or sub-category and put in

29
your search term. You are bound to get them a small job. Depending on how
thousands of results and not necessar- well each one of them fares, you can
ily always what you expected. A lot of afterwards choose to continue to work
the designers fill out their headline with with the best one. Make sure your job
dozens of popular keywords, because posting description is as explicit as pos-
it increases their visibility on oDesk. sible and clearly states deliverables and
Unfortunately they sometimes also timelines. This is particularly impor-
list services or skills, which aren’t their tant because sometimes everything
speciality. Therefore, you will have to may seem obvious to you or you may
apply filters as well and they are quite expect the designer to deliver a draft
possibly your most useful tool for re- within 2 days. But unless you explicit-
ducing the amount of relevant results. ly state that, how is the designer sup-
So makes sure you add some filters for posed to know? Some information also
skills. If you’re looking for an Illustrator, gets lost in translation. Or in some cul-
make sure the designer received high tures, when the designer encounters
marks on their Adobe Illustrator test. a problem, he would rather sit quietly
Also don’t forget to add language skills and not do anything than just ask for
and the designers overall rating from your for help. Losing face can be a big
customers. All these factors play a role. issue in Asia.
And eventually you will also need to set
some kind of upper limit on the hour- But once you’ve done your tests and
ly rate. That last one usually ends up found the right partner for you, they
eclipsing all European or North Amer- can easily become one of your biggest
ican designers, because they’re simply assets in growing your business.
too expensive for some. But don’t fret,
the two guys I currently work with are Growth by Proxy
from the Philippines have always deliv-
ered excellent quality. Finding a capable designer to whom
I could outsource a significant por-
Once you’ve selected 3-4 potential tion of my workload was not only tre-
candidates, the next thing you need mendously liberating with regard to
to do is create a job posting. Since my personal free time. It also allowed
you don’t know which one you should me to continue driving grow in sales
choose, you’re going to have to try beyond what I would have been able
them all. And in order to do that, you to achieve by myself. In retrospect,
need to give each and every one of I invested quite a bit of money into

30
outsourcing. Actually, it was a lot of Your income obviously isn’t passive if
money and some of you would prob- you’re spending 9 hours a day working
ably think I was crazy. But if I told you for it. Remember to create peace of
that I never would have achieved the mind for yourself. You want to be in-
$100,000 mark without external help dependent. You want to have enough
and that all the investments eventually free time to pursue the things you like
paid for themselves once the growth doing most. And if that means working
kicked in, then you’d begin to under- on some other project which will even-
stand to power of outsourcing. And tually turn into another passive income
believe it or not, the math was actu- source, then that’s even better!
ally fairly simple. On average the work
by my Philippine supporters cost me
about $10 per new design. So if only
every design sold itself at least 3 times,
the cost of creating it would already be
covered. Obviously not all designs sell,
let alone sell well. However, my ratio of
successful designs was fairly good and
if they sold a few times, they would sell
a lot more in the long term and eventu-
ally help contribute to covering all the
costs and eventually deliver pure prof-
it. Also bear in mind that every dollar
you spend obviously also reduces your
taxable income. So let’s assume your
marginal tax rate was 40%. For every
dollar you spend you’re reducing your
taxable income by that same amount
and thus the final amount of taxes that
you’ll pay. In other words, every dollar
spent actually only costs you 60 cents.

I cannot emphasize enough how im-


portant it is to create an element of
scalability and independence when
building a passive income business.

31
EXPAND & CONQUER
Entering New Channels & Markets
6
I don’t want to spend too much time I consider myself one of the early
on this topic because I cover it in a few movers and benefitted from fairly lim-
other articles on The T-Shirt Academy ited competition and the fact that not
and actually provide a separate course everyone was doing their homework
on it. However, I would like to say a few properly. However, unfortunately I
things about it nonetheless, because only understood fairly late in the game,
many people tend to focus too much that I should have started entering new
on one particular source of passive in- markets and channels much earlier.
come. In my mind there are two main For example, Spreadshirt has a sepa-
reasons why you should look to ex- rate website and marketplace for the
pand and diversify your passive income US. Although I did give it a try in the
T-Shirt business as quickly as possible: early days, I was frustrated by the fact
that US customers had a very differ-
ent taste in style and were much more
1. First-Mover advantages pay off
price sensitive than European custom-
big time (particularly in the be-
ers. I wasn’t having as much success
ginning but also in the long run)
as I would have liked and therefore I
2. Hedging your bets by play- thought it wasn’t worthwhile. Luckily
ing multiple fields can increase I gave it another try a year later and
overall earnings and will defi- today I can proudly say that the US
nitely reduce your exposure to marketplace delivers a fair share of my
risk overall earnings.

32
And the same can be said about oth-
er websites or platforms. There are so
many different places where custom-
ers buy custom made T-Shirts online.
And it’s highly unlikely that all con-
sumers surf around all the same web-
sites. Therefore you should consider
every other website which let’s you sell
your designs as a completely new mar-
ket with lots of potential. All you need
to do is evaluate on your own how big
that potential really is and then decide
whether it’s worth your while or not.

33
ADAPT OR DIE
Market Dynamics & Competition
7
Before we move on to the final sec- which isn’t even yours. The slightest
tion of this report, which will provide change to a website’s design, setup or
you with a fairly good idea of the sort maybe even the whole monetization
of money which can potentially be strategy can ultimately have dramat-
made via this type of passive income, ic effects on your own earnings. I’ve
let me share a few important thoughts seen it happen and I’ve felt the pain
with you. Once you get into this sort myself as well. That is why I cannot
of thing and you start seeing results, stress enough the importance of stay-
please remember that very few things ing on the ball. Passive income is great
are forever and while you may be a in and by all means, enjoy the freedom
a good position now, that doesn’t me which a great and reliable passive in-
you won’t be overtaken at a later stage. come source can provide. But do not
It’s happened to some of the most mistake short or even medium term
successful companies on the planet. success with sustainable, long term fi-
Take a look at Blackberry, Microsoft nancial security. You need to learn to
and who knows, maybe it’ll happen to adapt and detect the warning signals
Apple as well. My point is: No one is which tell you that you need to change
safe and don’t confuse a “good thing” something. Market dynamics are ruth-
with a “sure thing”. less and will not spare you while others
are racing for the top.
Market dynamics change and new
competition is always around the cor- “Adapt or die.”
ner. Particularly when you make a fair -Pieter Willem Botha
(Former Executive President of South Africa)
share of your money off a website

34
SHOW ME THE MONEY!
Full Financial Release 2010-2013
8
Below you can see how my revenues evolved after I started recording them. The numbers would
fluctuate up and down between months but the overall trend was clearly positive and the numbers
great steadily over time.

MONTHLY REVENUES FROM SPREADSHIRT*


2010 2011 2012 2013
January $2,212 $4,373 $18,899 $18,917
February $4,192 $8,230 $9,061 $7,074
March $3,830 $3,116 $8,623 $7,983
April $1,916 $6,034 $10,635 $7,541
May $4,036 $6,973 $11,407 $7,723
June $5,886 $9,895 $10,967 $7,796
July $5,137 $8,901 $13,103 $12,493
August $5,100 $10,579 $11,322 $9,203
September $5,157 $8,243 $9,249 $6,631
November $6,160 $12,839 $9,298 $7,276
December $10,569 $8,778 $9,537 $12,557
TOTALS $58,247 $96,346 $131,106 $111,995
* includes European and US marketplaces; European sales converted from EUR to USD at average rate of 1.3

What you’ll also notice, is the dip in sales on the European market which was due to increased com-
petition as well as major changes to Spreadshirt’s platform. However, my US revenues grew strongly.

ANNUAL REVENUES BY MARKETPLACE


2010 2011 2012 2013
Europe $57,827 $94,455 $125,878 $103,317
USA $375 $1,891 $5,228 $8,677
TOTALS $58,247 $96,346 $131,106 $111,995

35
SAMPLE PAY-OUT CONFIRMATION

36
WHAT TO DO NEXT
So you successfully managed to plow through the entire eBook. Congratulations!
I can assure you that merely the fact that you’ve gotten to this point without skip-
ping the entire contents already proves that you have one essential ingredient to
success: Resilience! So many people fail in the very early stages and most of the
others fail somewhere around halfway through any difficult task. Kudos to you.

But you’ve gotten to this point and you might be wondering what to do next. And
that is a valid questions because the challenge sometimes feels quite daunting.
But you’ve got to start somewhere and thinking about it too much will only defer
action.

So here is my suggestion:
After reading this eBook you should have gotten a feeling for whether or not this
is something you would like to pursue. Perhaps you would like to strive for even
bigger goals and that is great. But ask yourself whether in the short term that
goal is realistic. If you come to the conclusion, that it might be a bit early for your
grand vision, then perhaps it’s a good idea to start off small. But at least you’re
starting somewhere. So head on over to Spreadshirt and create an account of
your own. Start designing, start publishing and then start selling! And make sure
you check out The T-Shirt Academy regularly, so that you don’t miss out on any
updates while I guide you through this journey.

A another thing. Once you start seeing those first results or perhaps even a larger
stream of sales, please let me know about. Write to me about your success story
or anything else that you’re particularly proud of and I promise I will have a look
at your story. I can’t promise I will respond and I can’t promise that I’ll be able to
showcase you on the blog, but if I like your story and your attitude, I just might
put you on my special e-mail list where I share previews of my upcoming projects
with a select group :)

I’m looking forward to hearing from you!

Christian Heidorn
www.thetshirtacademy.com

37
Get even more useful advice at
WWW.THETSHIRTACADEMY.COM

Вам также может понравиться