Is Teespring Legit?
The first question is whether or not Teespring is legit. The company has been around for a few years now, and has even produced a number of millionaires and hundreds of people making six figures according to Forbes. In order to ascertain if Teespring is legit, it’s important to understand how they make money.
How Teespring Works
Teespring is rather ingenious by making it a win-win situation for all. Instead of creating a design, paying a T Shirt company to create the T Shirts and then hoping you can sell all of them to make a profit, Teespring has you create a T Shirt and set a goal of how many T Shirts you will sell. The more you think you will sell, the more money you’ll make if you reach the goal. If you don’t reach the stated goal, then the T Shirts are never produced and no money ever changes hands.
This is how Teespring is able to not charge an upfront fee. If you don’t hit the stated sales goal, they don’t have to produce the shirts so they don’t lose money. If you do reach the stated sales goal, a profit for you and the company have already been factored in so they produce the shirts and are guaranteed a profit.
Is Teespring Safe?
There is no real financial risk to using Teespring, therefore making the company safe. Since you don’t need to give any upfront money when using Teespring, you aren’t risking losing your hard-earned money. The real investment is your time. If you create campaigns that don’t reach their sales goals, you don’t earn anything.
What are Teespring Risks?
The biggest risk is costs you may incur when creating and trying to sell the T shirts. If you pay someone to design a logo or other image (you don’t have to, you can do this on your own), you may lose these costs if you don’t ultimately sell the T shirts you have set as a goal. The same can be true if you spend money to try and promote the T shirts. This money is gone and you don’t get anything for your investment in the advertising if you don’t reach the T shirt sales goal.
You also have a slight risk with the number of T shirts you think you can sell. The more you place as your goal, the more you will make for each shirt sold. The problem is that if you don’t reach the goal, then you get nothing. For example, if you set a goal of 50 shirts and sell only 49, the shirts are never produced and you get nothing. If, however, your set the goal at 10 T shirts and sell 49, you would get paid a commision for all the sales since you met the goal, but that commision would be less than if you had said you could sell 40 T shirts. Attempting to accurately estimate how many T shirts you can sell without overestimating is important to get the most money for your efforts.
Is Teespring a Scam?
Teespring is definitely not a scam. It’s a legit business. There are some risks, so it’s important to understand how the company works so you know what you’re getting into, but it’s a legit opportunity to make money without having to pay any upfront costs. If you think you are creative enough to come up with some T shirt designs which you could sell to others, you may want to check out Teespring as a possible way to make some extra money in your spare time.
For how to make a success of selling this business as well as other side businesses check out these articles.
(Image courtesy of Teespring)