โ‰ก Menu
The T-Shirt Academy

October 2016 Monthly Income Report

in Income Reports

Monthly Income Report September 2016

There goes October. Time is really flying this year. It’s the time of the year where sales usually hit their low point before everything starts picking up again just before the holidays. Usually Halloween will give you a little boost in your sales but things really only get going around mid November. It’s actually quite frustrating when you’re in the moment because you never really know if things will go as well as they did in the past. But I guess that’s just part of the business.

Anyway, you obviously want to know how my October went. Let me tell you, it wasn’t particularly good, which is a bit concerning. But check out the details for yourself.

Year-on-Year Performance

Based on my own sales tracking, September saw EU gross sales which dropped by 22.2% versus the previous month (15.5% down on the US marketplace) and only 10.3% lower than the same period last year. I’m not entirely sure where the drops are coming from but I suspect Spreadshirt is doing some strange tests again or changing the platform. They’re notorious for doing experiments or rolling out buggy features just before Christmas.

Redbubble Sales

Redbubble sales were higher again in October. Last month I said I was going to ramp up the uploads again in order to generate more significant revenue. I’m progressing, but not as quickly as I’d like. I’m now also looking at Teezily as a new potential source, but haven’t been able to gage success rates yet.

Monthly T-Shirt Income Report

I’m looking forward to reading your questions and comments. If there’s any particular position that you would like to know more about, then let me know and I will try to clarify.

EUR USD Last Month
Spreadshirt Marketplace EU 2,260.48 2,466.86 2,965.57
Spreadshirt Marketplace US 247.25 269.82 575.59
Redbubble Commissions 94.00 102.58 80.72
GoCaptain Sales
Miscellaneous Hosting Services to 3rd Parties
Expense Positions EUR USD Last Month
BoxCryptor (Annual Subscription 30.25 33.01
Deutsche Post (Shipping Costs)
Digital Goods (Themes, Templates etc) 18.33 20.00
Dropscan (Mail Scanning Service) 6.29 6.86 11.68
Facebook (Advertising)
GitHub (Micro Personal Plan) 6.41 7.00 7.00
Google API Services (mostly translation)
Google Drive 1.82 1.99 2.00
Google for Work (Monthly Subscription) 12.00 13.10 13.45
HostGator (Web Hosting Services) 10.95 11.95 11.95
JetBrains PHP Storm (Monthly Software Subscription) 8.90 9.71 9.98
Laracasts (Monthly Subscription) 8.25 9.00 9.00
Namecheap (Domain Name Registration Fees)
Noun Project (NounPro Subscription) 9.15 9.99 9.99
PureVPN (Annual Subscription)
Shopify Basic Subscription (for www.gocaptain.com) 26.57 29.00 29.00
Xing (Quarterly Subscription) 28.12
Tax Adviser (Quarterly Booking) 168.18
Net Operating Profit (excl. all taxes) 2,462.80 2,687.65 3,489.71
Tax Elements EUR USD Last Month
VAT on Income 429.49 468.70 563.46
VAT on Expenses 7.29 7.95 39.90
Net VAT to be paid to the Tax Man 422.20 460.75 523.56

*EUR/USD Exchange Rate for October 2016: 1.0913

9 comments… add one
  • Hi Christian.
    Thank for sharing your knowledge with us.
    I’m new in Spreadshirt and I have a question about the quantity of designs.
    Approximately how many designs you have on Spreadshirt to make this amount?
    Right now I’m uploading my designs and if I would know goal I need to reach it’ll help me to understand how much I should work.

    Best regards

    • Hi Murad,

      I currently have roughly 5.500 designs on Spreadshirt, but I generate 80% of my revenue with only 20% of my designs. It also doesn’t necessarily mean that if you have a lot of designs, that you will earn as much as I do. You could probably achieve the same amount of earnings with less designs. What counts is also the commission that you charge for every design and how popular the niche is that you are serving.

      That being said, quantity obviously helps along the way ๐Ÿ˜‰

      Regards
      Chris

      • Thanks for the answer. One more questions. IS it possible to upload same designs to separate platforms? I mean did you meet with some problems? Is there any restriction about that?

        • In principle yes, but that also depends on whether you’ve closed to “exclusive” licensing agreements. For example, some websites that sell digital goods (Envato marketplaces for example) offer preferential commission rates to partners who sell exclusively on their platform.

          However, in the print-on-demand space I haven’t encountered anything like that before. Usually you retain all your rights and can give printing licenses to as many platforms as you like.

      • TubeQuote

        Hello,

        Just to be clear, did I read it corrent? 5500 designs on spreadshirt? 20% would be 1100 designs which generate revenue. Is it al correct? I’m just a bit shocked!

        Regards,

        • Yep, that’s right. But what part shocks you exactly? The 20% or the 1100 designs that generate revenue. Obviously they don’t all generate the same amount. Some even only every few weeks or so.

          • TubeQuote

            The amount shocked me. The time it takes to get to 1100 designs is long in my case. Don’t get me wrong. Given enough time you can make it work. If I decide to go for it, it means I have to come up with 3 designs each day for a year ๐Ÿ™‚ I’m grateful for the info you provide. At least it’s not dreamy, cutting corners attitude ๐Ÿ™‚

          • Remember, I have been in this (side) business for the past 9 years. Some years I was productive, others I wasn’t. A large portion of those designs were also outsourced and some of them are actually duplicates (1 vector for flex printing and 1 raster graphic for more colorful designs). So let’s say I’ve got about 3.500 unique designs.

            Unless you have major public exposure or some form of bigger following, it’s purely a numbers game. Do you need to target the right niches? Yes. Can you outsource of the processes? Yes. Are these processes perfect? No. Is it still a lot of hard work? Yes.

            The key thing is to understand that as with any other business, hard work and dedication is the bare minimum anyone needs bring to the table. That’s the table stake. If you’ve got that, then the rest just becomes bunch of obstacles which can be tackled by almost anyone. Some people have other skills which help them along the way. Other don’t. But I’ve seen both groups make significant amounts of money.

  • Hi again
    I’m wondering about design prices. Mainly right now I’m setting 3 usd for all my designs. I take a look to other designs and even simplest designs beginning from 4.5 and higher. What price you would recommend to set and how much you set for your design?

Leave a Comment

IF YOU LIKE WHAT YOU’RE SEEING, GET UPDATES. IT’S FREE.

I hate SPAM just as much as you do. Donโ€™t worry, your inbox is safe here.