One of the best ways to make money is to sell people products that they want to buy.
It’s even better when the thing you sell isn’t being sold by other people.
Erik Soto Ayla, quit his 9-5 forklift operator and floor product staffer job in October 2022 when his side hustle exploded earning him over £21,500 in the previous month.
That September Erik made 10 times more than what he earned in a month working his warehouse job.
After expenses, his profit for the month was a little under £12,000. A lot different to the £2,000 a month wage from his job.
What’s really impressive is that Erik only sells one item…
He only sells personalised wallets, and he sells them on the selling platform, Etsy.
He engraves the wallets with names and messages using a laser-engraver he bought for around £1,000.
He came up with the idea after spending a few months researching what people were buying on Etsy.
Erik realised that personalised products were selling better – making more profit – than the mass-produced products most people were selling.
He also realised that there was little to no competition for laser-engraved wallets on Etsy.
Erik worked overtime in his job during January 2022 so that he could buy the laser-engraver and then placed an order for wallets from China’s Alibaba website at a cost of around £200. He spent a further £300 to £400 building his inventory.
His total investment was less than £2,000.
Five days after launching his Etsy store came the first sale. By the end of May, one month of being in business, he had earned just shy of £500 from 16 orders.
After six months, his earnings totalled more than £66,500, £56,000 of that was profit.
At that point, Erik decided to leave his warehouse job and focus on his Etsy business.
“Handing in my two weeks’ notice was one of my most freeing experiences ever,” Erik told Business Insider.
Much of his success he credits to his focus on giving excellent and efficient customer service.
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“My competitors were shipping three to five days after a purchase, and customers sometimes received their orders two weeks after purchase,” Erik said.
“I was processing orders the next day. I think this is a big part of why my store took off.”
Erik is currently ploughing his profits back into the business, and he is excited about what is to come.
“I’m hoping to start paying myself a salary and have saved some money in the event the store slows down, but right now, I’m very excited about its future,” he said.
It just goes to show that you can make a lot of money if you give people what they want, offer a unique service that very few others are doing and focus on excellent customer service.
Sometimes, the customer service can make be the big difference between you and your competitor.
On eBay, the feedback system showed buyers how good sellers were with their communication and speed of delivery and that would sway the decision as to who to buy from.
The quality of your customer service and effective communication, speed of delivery and quality of the products you sell are things that you can control easily and those will all help you to earn more money than the next person.
Erik has a great business which is going to make him a lot of money, but it requires a lot of work – maybe not as much as some – and I can only imagine that his profit margins per product is quite good…
But there are other ways to make money which do not require you to work evenings and weekends processing sales, making and parcelling products and taking parcels to the post office.
There are products that you can sell online that are instantly delivered when purchased.
The sale is also processed for you and you need do nothing more than enjoy the money when it is deposited into your bank.
The products can be sold on Etsy or via your own fully automated passive income system.
There are no products to buy.
You only need to make the product once and it can then be sold for many years giving you a passive income.
To discover more, click the link below:
Generate Your Own Passive Income
Kind Regards
John Harrison
PS… There is no limit to how many products you can create and sell online. With them being digital, there are no manufacturing or postage costs to consider. Profits margins are incredibly high with digital products.
Here’s that link again: