In this edition we analyse the print on demand business and whether it is worth starting as well as highlighting a lucrative opportunity to sell gifts this Xmas December 01, 2023 | [Read Online]( [fb]( [tw]( [in]( [email](mailto:?subject=Post%20from%20Ecommerce%20Dispatch&body=Starting%20a%20Print%20on%20Demand%20Business%20%26%20a%20Christmas%20Themed%20Idea%3A%20In%20this%20edition%20we%20analyse%20the%20print%20on%20demand%20business%20and%20whether%20it%20is%20worth%20starting%20as%20well%20as%20highlighting%20a%20lucrative%20opportunity%20to%20sell%20gifts%20this%20Xmas%0A%0Ahttps%3A%2F%2Fecommercedispatch.beehiiv.com%2Fp%2Fstarting-print-demand-business-christmas-themed-idea) Hey friends! ð Welcome to Ecommerce Dispatch where we help you build a profitable business on the side, without quitting your job or breaking the bank. In this new newsletter youâll get one actionable business idea & learn marketing tactics to help level up your E-commerce store. Letâs get cracking with this weekâs idea and steps to generate revenue! ð What we've seen As the festive season draws near, the spirit of gift-giving becomes synonymous with holiday celebrations. Recent trends indicate that consumers are not just embracing the joy of giving; they're also investing more in meaningful, personalised gifts. According to a study conducted by the National Retail Federation, consumers are set to spend 4% more this festive season compared with 2022, despite the cost of living increases. Christmas has become a time not only for festivities but also for expressing love and creating lasting memories through thoughtful presents. We see consumers increasingly seeking unique and sentimental gifts that go beyond traditional options. â¹ï¸ Why this matters The surge in holiday spending signifies a shift towards more emotionally resonant gifts. Families, in particular, are inclined to allocate a significant portion of their holiday budgets to presents that capture the essence of the year gone by. This trend underscores the opportunity to tap into the emotional connection people seek during the holiday season, presenting an ideal moment to introduce innovative and personalised offerings. Over the last few years, the âWrappedâ trend has become popular. Popularised by Spotify, the app breaks down your listening trends over the year and summarises them into a super sharable slideshow. Many other apps have jumped on this trend including: BeReal, Snapchat, even Google Maps have created their own version. ð¡The idea Combining the two trends, we see that there is a significant opportunity to sell â2023 Memory Booksâ. This service would allow customers to upload photos throughout the year and have them printed in a book that can be gifted. It would offer families & friends a chance to encapsulate the essence of their year, making them a perfect addition to the holiday gifting experience. ð£ Steps to execute Estimated time to revenue: 2 weeks - Develop a user-friendly online site where customers can seamlessly upload their cherished moments and craft personalised 2023 Memory Books. - Design a range of visually appealing templates catering to various holiday themes. Allow users to choose the template that resonates with their festive spirit. - Provide users with tools to add captions, stickers, and personalised messages. The goal is to empower them to shape their memory books into unique and meaningful representations of their year. - Craft a compelling marketing strategy to showcase sample memory books. Use the theme of âYour Year Wrappedâ or âYour Year in Reviewâ to encourage more sales. - Consider expanding your service to include themed memory books for other occasions beyond the holidays, catering to birthdays, anniversaries, or personal "Year in Review" books. ð±Â Grow For those of you who have an existing store here are some resources which I think would be beneficial. - Whether you're a newcomer to print-on-demand (POD) or a seasoned professional, the undeniable truth is that effectively handling customer returns is crucial for maintaining a steady stream of 5-star reviews. [Hereâs the best guide](on how to handle print on demand returns. - Discovering the ins and outs of launching a print-on-demand business could be one of the most financially rewarding endeavours you undertake this year. Although the entry barrier for POD selling is minimal, crafting a successful strategy is imperative to ensure profitability. [This step-by-step guide]( will equip you with the essential knowledge to develop your brand, kickstart your business, and achieve a great financial outcome. - As of 2022, the print-on-demand (POD) market reached an impressive valuation of $5.4 billion, with projections indicating a compound annual growth rate of 24.6% from 2023 to 2031. The takeaway? POD is a resilient market with sustained growth. If you're eyeing a share of this thriving industry, you're in the perfect spot. [This guide delves into the strategies](for making money with print on demand. - ð Good Reads & Resources Stay up-to-date and in the know with the latest and greatest from around the web! - Doritos have gotten into the tech game by creating Doritos Silent. A software designed to remove the sound of crunching or chewing from voice chats. [Created for gamers, this article is a super interesting read](about how to find product adjacent categories - [A great summary]( about the OpenAI debacle and a blow by blow about one of the most interesting weekends in tech in a very long time. Store of the Week Each week we highlight our pick for store of the week. We source this from [Ecomm Design](. If you have a shop, send it in for a chance to be featured on[Ecomm Design]( & the newsletter. Todayâs pick is⦠drumroll please.. [Two Good Co]( Two Good Co operates as a social enterprise, crafting top-tier food and products. Simultaneously, it champions the support, empowerment, and employment of women who have experienced domestic violence and homelessness. Check them out above! PS: If you have any questions, please send them in. We look at each of them & will publish them in next weeks newsletter. See you next week ð Rohit @ Ecommerce Platforms Emails going to spam? 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