This video demonstrates how you can use the money you’ve earned via Print On Demand (or just money you’ve saved) to generate passive income. At the very least, please educate yourself and ensure you aren’t losing money as a result of saving it – video explains why this might happen.
If you don’t know that POD is and just stumbled across this video as a conscientious saver, then please watch some of my others and all will be explained.
Just an observation that people new to POD and passive income tend to think they aren’t good enough. This video isn’t intended as motivational platitude – if you’re reading this then I’m talking to you: you are good enough! Well, maybe not you Steve, but everyone else.
Unless you’re totally lacking the ability to think critically and take on board the information I’ve already provided then I’m confident you’ll be able to make sales. Don’t make the mistake of dismissing your original ideas as not good enough just because they haven’t been validated yet. It could be exactly what the market wants.
People keep asking me to make a video about POD profits and taxes, so here it is. There is so much that I haven’t covered. Tax is a very intricate, complex, and boring subject. Your situation may not be the same as mine so do your research. Timecode for non-Brits: 6:37 – it goes British again from 14:00.
### Undeclared income – good info from HMRC:
TL;DW: # Over £2500 profit – Register for Self Assessment – see link above # Under £2500 profit – Report to HMRC manually – see link above
In terms of foreign income tax, you only list this on self assessment if you’ve already paid tax to a foreign country. HMRC will deduct the equivalent in GBP from your UK tax bill. If you use Redbubble and you’re from the UK, then you wont be paying tax to Australia/the US, so it’s not necessary to fill in that field. Your circumstances might be different to mine, so do your own research, of course.
MerchInformer: https://merchinformer.com/363.html – get 20% off with code PASSIVEOWL
There’s a free 3 day trial. The basic version costs $9.99 per month. I made $124.30 profit within my first month on the site, so just shows it pays for itself. Here’s another quick video about Merch by Amazon and how I use MerchInformer to make money.
00:00 – One weird trick to find identify suitable niches despite oversaturation – Doctors hate me!!1!1
03:00 – The new “Trend Hunter” module
04:35 – MerchDesigner
My old Merch video is here – “$6,000 on 1 shirt?! How I use MerchInformer for Merch by Amazon” – https://www.youtube.com/watch?v=sBg92VWbrRU
My old MerchDesigner video is here – https://www.youtube.com/watch?v=zhC3LIoboeM
You’ve been banned or suspended even though you only just registered – or perhaps you’ve been on the site a while and you’ve been banned for copyright infringement or similar.
See video for an explanation of why this might be, and then email email@example.com AND go here to log a request: https://help.redbubble.com/hc/en-us/requests/new?ticket_form_id=16465
I should clarify that by ‘non-English speaking countries’, I specifically mean “non-Western” countries. RB does seem to allow people from Germany, Spain, etc. It tends to be places like India, Rajasthan, Algeria, Morocco that result in suspension (just a few recent examples from the FB group).
Showing how you can make money on RB by uploading your phone pics – no design skills required. You’ll get $10+ profit per framed print sold – and that’s at both the default margin and cheapest product. Much more passive income to be made and no design skills required.