🎄 How to Start an Online Ornament Business for the Holiday Season 🎁
The holiday season is upon us, and it's the perfect time to start an online business. With Q4 and Christmas right around the corner, sales will be at all-time highs, and ornaments are one of the best-selling products, making some online shops hundreds of thousands of dollars. In this article, we'll cover everything you need to know to start your own online ornament business, from monetization strategies to product personalization and fulfillment.
🎨 Monetization Strategy for Ornaments
The first step in starting an online ornament business is to figure out what type of ornament designs sell. One of the most interesting things about this business is that it doesn't require you to be a professional designer. Instead, it's all about product personalization. You can start this business for free and run it entirely off of your laptop from anywhere in the world.
🎁 Product Personalization
The key to success in the online ornament business is product personalization. You need to figure out what type of designs sell and then use a program like Canva to create your own designs based on what you already know works. Once you have your designs, you can post them for sale as custom listings on Etsy for their millions of monthly visitors to see.
🖨️ Print on Demand Service
Once you have your designs and listings, you need to fulfill all the orders. This is where print on demand services like Printify come in. Printify integrates directly with Etsy, allowing you to fulfill custom orders once your shop is connected. When you get an order for a custom ornament, that order will show up in your other orders page. From there, you can select that order, search for the ornament that the customer ordered, add in the design that you already pre-approved with the customer, and then submit their order. It'll be printed and shipped off directly to the customer.
💰 Profit Margins
The profit margins for the online ornament business are excellent. For example, one shop called Keptake has been selling for a little over four years now and has over 344,000 sales. That means they're averaging about 86,000 sales each year that they've been open for business. Their product line is circular and heart-shaped ornaments, and they're selling these for about $10 to $13 plus $6 of shipping. Even with the $10.33 that it would cost to print and ship this with print on demand from Printify, they'd still be able to make around a $6 profit on each order. That means that this shop is making around $516,000 each holiday in profit.
📈 Scaling Your Business
Once you've started your online ornament business, you can scale it up by posting new listings to increase your chances of getting sales. You can keep getting mock-ups or make new, better designs. Once you get good enough at this, it's absolutely possible to grow a business that can do multiple six figures each year.
🎉 Highlights
- The holiday season is the perfect time to start an online ornament business.
- Product personalization is the key to success in the online ornament business.
- Print on demand services like Printify make it easy to fulfill custom orders.
- The profit margins for the online ornament business are excellent.
- You can scale your business by posting new listings and making new, better designs.
❓ FAQ
Q: Do I need to be a professional designer to start an online ornament business?
A: No, you don't need to be a professional designer. It's all about product personalization.
Q: How much does it cost to start an online ornament business?
A: You can start this business for free and run it entirely off of your laptop from anywhere in the world.
Q: How do I fulfill orders for my online ornament business?
A: You can use print on demand services like Printify to fulfill custom orders.
Q: What are the profit margins for the online ornament business?
A: The profit margins are excellent. You can make around a $6 profit on each order.
Q: How can I scale my online ornament business?
A: You can scale your business by posting new listings and making new, better designs.
