Print on Demand Success Rate: 2024 Market Insights for Beginners

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Print on Demand Success Rate: 2024 Market Insights for Beginners

April 2, 2024

DALL·E 2024-02-27 20.50.12 - A highly detailed, realistic office scene showcasing various print on demand products such as books, t-shirts, mugs, and posters, all displayed on a s

The print on demand success rate is 24%. It indicates that nearly a quarter of these businesses manage to achieve their goals or become profitable. Additionally, the average conversion rate for a POD store stands at 1.7%. This means that for every 100 visitors to a POD website, approximately 1.7 make a purchase. These statistics show that print-on-demand (POD) can work as a business. But it needs good marketing, special products, and a better online store to be successful.

Moreover, Gitnux projects that the global print on demand market will reach $9.9 billion by 2027. This involves a steady growth rate of 12.49% annually from 2017 to 2021. The data is based on the Allied Market Research. Lately, the print-on-demand market has experienced rapid growth. This shows that more people worldwide are using print-on-demand services.

However, there are disadvantages when you decide to enter print-on-demand business. IntegriPrint suggests that print on demand limits quality control because of supplier changes. This affects output quality. The reliance on printing partners also affects product availability. Moreover, ink and equipment variations may lead to color variations. Additionally, pricing instability means costs could rise between orders. Thus, awareness and flexibility are crucial when using print on demand services.

In this article, we will share insights on the print on demand market trends, successful print on demand sites to sell, explore the best-selling print on demand products, and its profitability.

Print on Demand Success Rate: Essential Numbers for Beginners

As of 2022, North America is the largest market for print on demand at 35%. This is based on the data from Grand View Research. However, the Asia-Pacific region is expected to see the most significant growth in the coming years, with a projected CAGR of 27.9% from 2020 to 2030.
Market Decipher data shows that the print on demand market reached a value of USD 4,903.3 million in 2021 and will achieve a compound annual growth rate of 26.7% from 2022 to 2032.
According to Dropshipping.com, approximately 228,000 print on demand stores are operational. And an estimated percentage of 3.8% of POD stores generate over $50,000 in revenue monthly, underscoring the profitability potential in the print on demand business.
A Shopify POD store needs to attract 261 daily visitors or roughly 7,900 monthly to achieve a typical conversion rate of 2.3%.
Apparel remains the largest and most profitable segment with an estimate revenue of $652.94 billion, according to Dropshipping.com. But other segments, like home decor and drinkware are also seeing potential growth. The rising remote working culture and increased interest in personalizing home spaces are expected to drive the home decor segment. Hence, this will register the fastest Compound Annual Growth Rate (CAGR) of 27.5%.
On average, POD sellers make about a 20% profit, with potential margins ranging from 40% to 60% for certain products.
POD stores spend about $76 monthly on applications to enhance their websites. This is by adding new functionalities, automating processes, providing better analytics, or making the site more engaging for users. Furthermore, over 63% of leading print-on-demand stores have integrated over ten apps to expand their capabilities. Specifically, around 12.2% of these stores have adopted the Judge.me product review app to improve their customer service efforts.
Top print-on-demand stores have a combined social media following of nearly 900,000 across platforms such as Facebook, Instagram, Pinterest, TikTok, Twitter, and YouTube. Furthermore, these stores have their largest follower base on YouTube, with Printful, a leading store, receiving over half of its social media traffic from YouTube, followed by Facebook, TikTok, Instagram, and Twitter.

Common Factors Affecting Print on Demand Success Rate

Niche Selection: Choosing the right niche is crucial. A niche with a passionate audience but not oversaturated with competitors can significantly affect success rates.
Design Quality: High-quality, unique, and appealing designs are essential. The design should resonate with the target audience's preferences and trends.
Product Quality: The quality of the base products (t-shirts, mugs, etc.) must be high to ensure customer satisfaction, repeat business, and positive reviews.
Marketing and Branding: Effective marketing strategies to reach the target audience, including social media presence, influencer partnerships, and SEO, are critical. Strong branding helps in building a loyal customer base.
Pricing Strategy: Competitive pricing that also allows for a healthy profit margin is vital. When setting prices, production costs, market demand, and competitor pricing are important. It is important to consider production costs, market demand, and competitor pricing when setting prices.

Platform to Success: 3 Most Popular Print on Demand Sites

1. Amazon

Print on demand (POD) on Amazon lets sellers list products having no stock. When someone buys a product, a print on demand service prints and ships it to them. This way, sellers save money since they only pay for making and sending the product after it's sold. Many POD platforms integrate with Amazon, one of the largest online marketplaces, to sell their products.

5 Successful Print on Demand Amazon Stores

Starrypaige: This store emphasizes the importance of using one's own products to build a connection with potential customers. By showcasing how the products are used in daily life, the store encourages customers to imagine incorporating these items into their own lives
Own Your Stigma: Own Your Stigma is built around open conversations about mental health, with products that carry powerful messages. A portion of their proceeds go to mental health charities, showcasing a commitment to their cause beyond just selling products. The founders emphasize passion, consistency, and communication as key to their success
Seek Discomfort: Launched by the founders of the YouTube channel ‘Yes Theory’, this brand leverages their existing audience to sell apparel encouraging people to step out of their comfort zones. Social media, particularly YouTube, was pivotal in building an audience for their products.
Mapiful: Offers customizable map posters, allowing customers to create art that's meaningful to them personally. This store shows the value of offering personalized products that resonate emotionally with customers
Wander Prints: Specializes in home decoration and funny gifts, aiming to evoke joy and humor. People admire the store for its organization, range of designs, and significant customer reviews.

Are Amazon Print on Demand Products Profitable?

Yes, Amazon Print on Demand (POD) products can be profitable. The profitability depends on factors such as product selection, design uniqueness, market demand, and effective pricing strategies. Gitnux reports that Amazon Merch stands out as the top print-on-demand provider. They earned $965 million in 2020. This revenue highlights its success and capability in delivering high-quality products and services.

On the Amazon Strategist Show, RJ Martinez's shares his success in the Amazon print on demand (POD) market. He is a seasoned e-commerce expert with more than a million dollars in PoD sales over six years. RJ's approach to building a successful business through trial, error, and continuous learning. He engages with his community via YouTube, blogs, and a Facebook group. He also takes part in Amazon's Influencer program. His activities highlight the critical roles of content creation to achieve POD success.

2. Etsy

Etsy's approach to print-on-demand (POD) is built around integrating with POD service providers . This business model allows Etsy sellers to create and sell custom or personalized products without having to hold inventory or manage the printing and shipping processes themselves.

5 Successful Print on Demand Etsy Stores

WimlyMugs: This store specializes in personalized mugs, particularly focusing on horoscope themes with the option to include names. Their success underscores the appeal of personalized products, demonstrating that offering customization can significantly boost sales
HexAppealClothing: By not limiting themselves to just t-shirts but expanding into leggings and sports bras, HexAppealClothing highlights the importance of product diversity. Their approach shows that unique offerings can set a store apart from competitors and allow for premium pricing.
SheMugs: Another custom mug store, SheMugs also offers a variety of other products. The store targets female customers with minimalistic, text-based designs. They also showcase the power of knowing your audience and catering to their preferences.
I Like Maps: Olivier Gratton-Gagné's store focuses on beautifully designed maps of cities and places. This example illustrates how passion projects can develop into successful businesses, especially when they tap into a specific niche that resonates with a particular group of customers.
Kin Custom: Kin Custom offers more unique products like shoes and all-over-print clothing. It caters to sellers looking for a broader product range. They support integration with Etsy for streamlined product listing and order fulfillment.

Are Etsy Print on Demand Products Profitable?

Yes, Etsy print on demand (POD) products can be profitable because of low upfront costs and the platform's wide customer base.

Cassiy Johnson shares on her YouTube channel her personal experience on Etsy print on demand. She emphasized the following points for actual results and profitability:

The journey to success in print on demand on platforms like Etsy is often misunderstood. Because many underestimated the challenges and effort required.
She noted that many give up just before achieving success, highlighting their own experience of gradual progress and not immediate sales on Etsy.
Achieving top performance in a niche on Etsy requires understanding. You should focus on becoming the best in a specific micro-market to outperform competitors.
Two crucial steps for success in print on demand on Etsy. This ensure demand for the product in your niche and adding value to stand out from existing top listings.
Continuous learning and adaptation to changing e-commerce trends are essential for staying competitive and overcoming challenges in print on demand.

3. Shopify

Shopify's integration with print-on-demand services offers an appealing opportunity for entrepreneurs. This is to help e-commerce businesses since there is no investment in inventory management. Also, it help those interested in selling custom-designed apparel, accessories, home goods, and more.

5 Successful Print on Demand Shopify Stores

Shadawear: Shadawear excels with user-generated marketing, cohesive designs, and easy navigation, providing a visually appealing shopping experience excels with user-generated marketing, cohesive designs, and easy navigation, providing a visually appealing shopping experience
Sharp Shirter: Sharp Shirter stands out by applying unique art to a wide range of products, from home decor to apparel, and prioritizes high-quality images and social proof.
Afro Unicorn: Afro Unicorn focuses on empowering designs for women of color and has successfully partnered with major retailers like Walmart.
Classic Dad: Classic Dad leverages the appeal of dad-related humor and nostalgia, growing from a social media presence into a full-fledged POD store.
Raccoon Brand: Raccoon Brand adopts a niche approach by focusing on raccoon-themed products and utilizes Amazon for sales, saving on marketing and operational costs

Are Shopify Print on Demand Products Profitable?

Yes, Shopify print on demand products are profitable. Research shows that given a typical conversion rate of 2.3%, a Shopify Print On Demand store must draw 261 daily visitors, or roughly 7,900 monthly. According to e-Commerce Benchmarks, 46% of stores attract between 1,000 and 15,000 monthly visitors. And 19.3% see between 15,000 and 50,000 monthly visitors.

Thus, achieving the visitor count for a successful conversion rate is within reach for many stores. You need to consider a portion of e-commerce stores that fall within or above the target visitor range. This suggests that with effective marketing and optimization. This is to reach a profitable level of site traffic for a realistic goal for Shopify Print On Demand stores.

Is Print on Demand Better than Dropshipping?

It depends on the chosen business model. Both Print on Demand (POD) and Dropshipping have their own advantages and disadvantages. And which one is "better" depends on various factors such as your business model, target audience, and products. Here's a comparison:

1. Product Customization

Print on Demand: Offers high customization and allows for unique designs. This can enhance brand identity and customer loyalty.
Dropshipping: It offers generic products. Customization is limited, making it harder to differentiate from competitors.

2. Inventory Management

Both models do not require holding inventory, reducing overhead costs.

3. Profit Margins

Print on Demand: Generally, has lower profit margins because of the cost of custom printing and manufacturing on demand.
Dropshipping: Can have higher profit margins if you source products at a much lower cost than your selling price.

4. Startup Costs

Both models have low startup costs, but print on demand may require investment in design resources.

4. Fulfillment and Shipping

Print on Demand: Production and shipping times can be longer, affecting customer satisfaction.
Dropshipping: Shipping times vary based on suppliers and products for dropshipping. But they can also be long, especially with suppliers from overseas.

4. Niche Markets

Print on Demand: Excellent for targeting niche markets with specific designs (e.g., pet loves, specific hobbies).
Dropshipping: Best for broader markets unless you find a niche supplier with unique products.

Print on Demand Success Stories

1. A $450,000 Profit with Print on Demand

Heather has generated over $450,000 in revenue from her Etsy and POD business in two years. She started her business during the pandemic when her healthcare job hours were reduced. She sought additional income after buying a home. Initially, she closed her Etsy store because of long production times in print on demand companies. This resulted hindered the shop's growth. Heather felt a loss when she returned to her healthcare job full-time, missing the entrepreneurship and creative outlet her Etsy business provided.

In 2021, she reopened her Etsy shop, starting with one sale in January. And by the end of her first year back, she made $250k in revenue with a gross profit of $100k. Heather emphasizes the use of Printify for her POD needs. This is because of its integration with Etsy and the organic traffic Etsy provides. She also recommends Printify Premium for reduced production costs.

2. Print on Demand First Year Success

On the YouTube channel of TaylorPOD, she shares a comprehensive breakdown of her first full calendar year managing a print on demand business on Etsy. Taylor's monthly analysis reveals a strategic approach to business growth. She experimented 3-5 niches at a time. This is to find seasonal and evergreen products intended for her audience.

Her financial journey starts with an encouraging profit of $1,316 in January from a revenue of $3,645, marking a 30% profit margin. Then shows a consistent increase throughout the year. By carefully managing ad spend and making pricing adjustments based on performing her Etsy listings, Taylor could increase her profit margins. This is especially during the holiday season in Q4.

3. A College Dropout with $55 Million Worth of Print on Demand Sales

On Ryan Hogue Passive Income YouTube Podcast, Ahmed shared his journey to $55M in print on demand sales. It began as a college dropout and working odd jobs. A community acquaintance who made $35,000 selling T-shirts online inspired him. It made Ahmed to design and selling T-shirts on Teespring. And also utilizing Facebook ads for marketing.

Despite initial failures with 99% of their designs not selling, his persistence and adaptation to market demands led to the creation of multiple dropshipping stores. Then, focusing on branded, customized canvas prints. This in turn, contributed to his success. His business grew through focusing on manufacturing, scaling, and efficiency, culminating in the development of CanvasFreaks.com. This platform offers different designs across various niches. It leverages Ahmed's expertise in Facebook ads and Shopify store development.

Brands should not solely depend on platforms like Amazon or Etsy. Instead, they should create a diverse brand ecosystem that combines organic and paid marketing strategies. Lastly, he emphasizes brand identity and customer relationship management in the print-on-demand industry.

How Profitable is Print on Demand Business Model?

The average profit for print on demand is $4,639 a month, with potential earnings peaking at $9,833 per month, according to Gelato. The print on demand product lines and entering new markets contribute to profitability.

Other factors that drive the growth of the print on demand industry globally include:

Low initial investment and no inventory management make it appealing.
Success requires research, unique designs, and effective marketing.
Niche targeting can yield higher prices and loyal customers.
Competition is intense, requiring ongoing effort and adaptation.
Factors like production costs and shipping fees affect profit margins.
Some find significant success, while others may struggle without careful planning.

How Do Consumer Preferences and Behaviors Influence the Print on Demand Market?

Consumer preferences and behaviors influence the POD market because of trends. Personalization demand drives POD growth as consumers seek unique, customized items. The shift towards online shopping has fueled POD platforms, making access easier. These sustainability concerns lead to eco-friendly product demand, affecting material and process choices. The desire for fast, convenient delivery influences operational efficiencies.

4 Highest Paying Print on Demand Products

1. T-shirt

The global custom T-shirt printing market size reached US$ 4.5 Billion in 2023. It is also expected to reach US$ 8.5 Billion by 2032. It exhibits a growth rate (CAGR) of 7.09% during 2024-2032. This growth shows that the custom T-shirt industry is getting much bigger. This greatly affects print-on-demand services. As more people want custom T-shirts, these services that let people order personalized T-shirts easily will become more popular.

2. Home Decor

Strait Research notes that North America was the largest regional market globally in 2023 in the home decor market. This is coupled with strong economic and consumer spending, changing interior design preferences, and a focus on sustainability propelling growth.

Additionally, the home decor segment of the POD market is expected to mark the fastest CAGR of 27.7%. It is driven by the rising remote working culture globally since the pandemic. And the increasing availability of a wide range of home & living category products

3. Drinkware

Based on Grand View Research, the global drinkware market was valued at approximately $3.87 billion in 2018. It is also projected to grow at a compound annual growth rate (CAGR) of 3.1% from 2019 through 2025. This growth trend suggests a positive outlook for businesses like customizable drinkware products.

4. Accessories

Print on demand (POD) is changing the accessories market. This is through making and selling custom items. Some examples include phone cases, jewelry, hats, and bags without needing a lot of stock. This approach is popular because it's affordable. Another reason is people love buying unique, personalized products.

What's the Difference in Revenue Between Print on Demand and Traditional Printing Methods?

The difference in revenue between print on demand and traditional printing methods stems from their cost structures and scalability. Each item is printed individually upon order, resulting in a higher cost per unit for Print on Demand. However, it eliminates the risk of unsold inventory. It reduces upfront investment and storage costs. Revenue per item may be lower because of higher production costs. But, overall profitability can be higher for low-to-moderate volumes due to the absence of unsold stock and lower initial investments.

Traditional printing methods involve bulk printing. This significantly reduces the cost per unit because of economies of scale. The potential revenue per item can be higher because of the lower production costs. But, it requires a substantial upfront investment in inventory. It also carries the risk of unsold products. As a result, it lower overall profitability if demand is overestimated.

Thus, print on demand offer better revenue outcomes for low to moderate product volumes without the risk of unsold inventory. In contrast, traditional printing can yield higher per-item profits at higher volumes but with greater financial risk.

Is Print on Demand Worth It?

Yes, Print on Demand is worth it for creators and entrepreneurs looking to sell customized products without the need for large inventory, upfront investment, or handling logistics.

One Reddit user asks for inputs on whether print on demand is worth starting. She wanted to enter niche of designing t-shirts and hoodies, create her own website and run ads on her own.

User CasketBuddy emphasizes that starting a POD business need time, effort, and investment. Print on demand success requires creativity, a target niche and effective marketing strategies. He warn against assuming a target audience's presence on platforms like Instagram without proper research. This is because careless spending on advertising can be wasteful.

Another user Cryptomemugs shared their recent experience of launching a print-on-demand store. He highlights the ease and minimal investment required to set up an online B2C store today. He also expresses skepticism about print-on-demand as passive income source. But see it as a low-commitment way to potentially earn extra money. The venture was started more out of curiosity and experimentation than high expectations. Still, user Cryptomemugs encourages others to try starting their own POD business given the low barrier to entry. He suggests that with a bit of social media promotion, it could gain traction.

Why Local Lead Generation Outperforms Print-on-Demand in Success Rate?

Local lead generation outperforms print-on-demand success rate because of its scalability and cost-effectiveness. Individuals can develop and optimize multiple websites simultaneously. This enables rapid growth without huge financial input. Hence, local lead generation is more successful than POD because it can provide steady income with little ongoing work.

KBV Research predicts that the Global Print On Demand (POD) Market will grow to $33.6 billion by 2030, with a 24.4% annual growth rate. This growth indicates POD can be a viable business strategy. However, for POD to thrive, it requires effective marketing, unique products, and an enhanced online presence. Despite its potential, POD must strengthen strategies to maintain its competitive edge and ensure success in the growing digital marketplace.

Unlike print on demand, local lead generation's strategy is focused on attracting and converting potential customers within a specific geographic area. This approach can drive actual results, especially for service-based local businesses. You can potentially earn $500-$3000 per month or more. And without the need for selling physical products, running paid ads, or participating in affiliate programs.

The key to success in local lead generation lies in focusing on quality over quantity. You also need to build trustful partnerships with local businesses by providing consistent value, and continuously improving and updating the lead generation process.

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