Etsy Digital Product Business Guide

Aug 10, 2024

Lecture Notes

Introduction

  • Discussion on income made by individuals using a specific online business model.
    • Byron made $38,700.
    • Another individual made $28,896.
    • Jazman made $2,493.
    • An unnamed seller made $40,200.

Business Model Overview

  • The focus is on creating and selling digital products.
  • No physical products, shipping, or sales required.
  • The business model is easy and scalable.

Setting up an Etsy Account

  1. Account Creation
    • Search "Etsy" in Google and click "Sign in.”
    • Use the "Continue with Google" option for convenience.
  2. Shop Setup
    • Click "Get Started" and select "I'm starting to sell for the first time."
    • Skip certain questions, set language preferences, and name the shop (e.g., "Design Elites").

Exploring the Etsy Loophole

  • The loophole involves selling downloadable digital files instead of physical products.
  • Tools like Allura can be used to analyze Etsy shops to see earnings.
  • Example: Shop "Epoca" made $28,896 by selling downloadable t-shirt designs.

Creating Digital Products

  • Digital Files:
    • Sellers offer packs of t-shirt designs, not physical shirts.
    • Include keywords in product titles for SEO (e.g., "vintage retro t-shirt design bundle").

Generating Images Using AI

  1. Using Chat GPT
    • Generate ideas for t-shirt designs.
  2. Using Leonardo
    • Generate images based on prompts (8 designs at a time).
    • Aim for a large number of designs to create valuable packs.
  3. Using Runway ML
    • Paid tool that allows batch creation of images (up to 1,000 at once).
    • Costs $10 for 100 images.

Organizing and Delivering Designs

  1. Google Drive
    • Store images and facilitate easy delivery to customers.
    • Upload designed images to a dedicated folder.
  2. Creating a PDF for Customers
    • Include a thank-you note and download link to the Google Drive folder.
    • Share the document with customers via Etsy.

Selling Strategies

  • Consider selling the same PDF on platforms like Redbubble and Zazzle.
  • Build an email list of customers for future sales and updates.
  • Offer subscription models for new design packs.

Conclusion

  • Opportunity for a sustainable business model that generates income on autopilot.
  • Link for a free class on setting up an online autopilot business is available in the video description.
  • Additional resources and training available through links provided.