If you’re looking to get into business for yourself, but don’t have a lot of capital to invest upfront, as well as a location for storing an abundance of merchandise, but you still want to enjoy the option of having a wide choice of products to offer, Print On Demand (aka POD) may be just the right business for you.
Print On Demand is a relatively new field, in that it first began offline in the 1980s and has since graduated to E-commerce in the last ten years. POD basically provides its customers with the ability to have their messages, logos, brands, etc. printed on a variety of products such as hats, t-shirts, mugs, hoodies, water bottles and more.
For the most part, businesses utilize print on demand as a marketing and advertising tool for their company and brand, as well as for promoting events and special activities.
The individual consumer, on the other hand, turns to POD from a more personal nature, with the printing of mottos, pictures, messages, etc.
The way print on demand works is that you can do all your online selling and advertising, without ever having to have any inventory in storage. You’re able to purchase your merchandise after you’ve got an order and can then go to work on the printing aspect of it. Plus, you can do the printing yourself or turn to an outside printing business to do it for you, thus avoiding the expense of purchasing printing equipment. Once the printing is done, either you or the printing company can then ship the finished product to your customers.
Therefore, it’s possible for you to avoid spending any money upfront. This is a form of drop shipping and is a key factor for why so many people are getting involved in the print on demand business, with its simple start-up, low costs, and fairly quick financial returns.
Many consider the print on demand business to be a great way to earn “passive income,” in that the business proprietor or merchant is able to put forth very little effort to set up, work and maintain the operation while earning an income.
Of course, like any business, it will take some time until you start to see meaningful profits, but the benefits of not having the usual expense pressures associated with beginning a new enterprise are enormous. In fact, print on demand is becoming extremely popular among already established businesses that very much appreciate the low start-up costs involved. POD can help them promote their brand, sell more products, and therefore give their business a solid profit increase.
In order to be able to accept credit and debit card payments from your POD customers, you will need to possess a merchant account. If you’re starting a new business and if you have any fraud or credit issues in your past, either personally or professionally, you will be considered high-risk by the banks. Whether high-risk or low-risk, you’ll need the help of an established and successful merchant processor, such as us, First Card Payments, with the experience, know-how and banking connections necessary to help you obtain your merchant account quickly and inexpensively.
Once you have your high risk merchant account in place and your print on demand business is up and running, you’ll need to take good care of your customers and provide quality service and products. This will help you prevent chargebacks, which are not only hard on your profits but can also contribute to your losing your merchant account and put you in a very high-risk status. First Card Payments is not just a merchant processor but a solutions company, as well. We can show you how to keep chargebacks down, so you can successfully hold on to your much-needed merchant account.
All in all, by going into the print on demand business, you’ve made an excellent choice for becoming a new business owner. The same is true for those of you looking to expand your current business and give it a leg up. With low launching costs, no need for inventory and your willingness to put in the time it takes to get established, you should be able to become the proud proprietor of a print on demand business in no time.
Find us at: FirstCardPayments.com