I earned $100,000 in three months with my printing side hustle – you don’t have to do any of the physical w... - The US Sun

Category: Etsy News
Original source: The US Sun
Read time: < 3 minutes
Sentiment bias: Positive
Sentiment Score: 0.98082
Published: Aug 26th, 2022
I earned $100,000 in three months with my printing side hustle – you don’t have to do any of the physical w... - The US Sun

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Heather, who runs the account itsheatherstudio, said one of the major keys to her success has been print on demand through Etsy.
1 TikTok user itsheatherstudio said she made more than $100,000 in revenue in three months from her Etsy shop Credit: TikTok/@itsheatherstudio In a recent video, Heather explained the upsides of utilizing print on demand.
Print on demand is also available for sellers on other platforms such as Amazon and Shopify.
In addition to removing much of the hands-on work of selling on Etsy, print on demand removes much of the financial risk of building out an Etsy shop as well.
Since a seller using print on demand doesn't need to buy and maintain inventory, the startup costs are considerably less than if they weren't using print on demand.

I earned $100,000 in three months with my printing side hustle – you don’t have to do any of the physical w... - The US Sun

A TIKTOK user and entrepreneur has showed off a side hustle that generated $100,000 in revenue in three months. Heather, who runs the account itsheatherstudio, said one of the major keys to her success has been print on demand through Etsy. 1 TikTok user itsheatherstudio said she made more than $100,000 in revenue in three months from her Etsy shop Credit: TikTok/@itsheatherstudio In a recent video, Heather explained the upsides of utilizing print on demand. The process allows sellers on sites like Etsy to sell products without printing, packing or shipping any items. Sellers can create and advertise custom designs on things like shirts, hats or mugs, but don't need to own or create any physical inventory. Once an order is placed, the printing and shipping of the product are handled by a third-party supplier. As Heather explained, the strategy allows her to earn thousands of dollars in a month without leaving home or putting in the physical labor to fulfill orders. Sellers who use a print-on-demand fulfillment model can also spend more time promoting their brand on social and refining their designs. The strategy has become a key aspect of e-commerce, as the print-on-demand market was valued at $4.9billion in 2021, according to Grand View Research. Print on demand is also available for sellers on other platforms such as Amazon and Shopify. In addition to removing much of the hands-on work of selling on Etsy, print on demand removes much of the financial risk of building out an Etsy shop as well. Since a seller using print on demand doesn't need to buy and maintain inventory, the startup costs are considerably less than if they weren't using print on demand. Of course, outsourcing shipping and order fulfillment to third parties will chip into your earning potential. Heather said that her profit margin is about 30%, meaning she pocketed about $30,000 of the $100,000 revenue in three months. The tax implications of a side hustle Whether you work a side hustle in addition to a full-time job or juggle multiple part-time gigs, your earnings are taxable. Not only that, but you need to report your earnings from a side hustle or freelance job differently than you report standard income. A Form 1040 is required for those with multiple sources of income, as you have to list all your income on a single form. In addition, you'll need to file a Schedule C and a Form SE to report your self-employment taxes. If you have multiple streams of income, speaking to a tax professional can help you sort out what forms you need to submit and how to properly fill them out. The additional income may also move your household into a different tax bracket, which will impact how much you have to pay the IRS. Working a side hustle does allow you to claim more exemptions on your taxes, however, as you can report your expenses for potential tax deductions. You'll need to have proof of the money you spent on your side hustle though, so make sure to keep any relevant receipts for tax season. The Sun compiled a list of the best 10 money-making side hustles for 2022. The Sun also spoke to an Instacart shopper who makes $600 extra a month with her side hustle.
The Original Article can be found on The US Sun

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