Key insights

• ⏱️ Businesses evolved over 3 years, starting with physical products and transitioning to digital designs, resulting in a $115,000 month by March 2022
• 🚀 Started business with digital designs for tumblers, marketed them on TikTok, initially making $45,000 a month, with a decline in focus and a membership subscription model for access to designs
• 💼 Operates a Facebook group for Etsy customers and membership customers, leverages passive income streams, and established a course community for selling digital products on Etsy
• 💰 Multiple income streams include affiliate marketing and brand sponsorships, with fluctuating earnings, pivoting to a new product and promoting it on TikTok
• ⚙️ Encountered problems with Etsy, pivoted to Shopify, considering adding products to Tik Tok shop for potential affiliate marketing opportunities
• 🛍️ Venturing into physical products, leveraging existing infrastructure and family support, aiming for significant income, and setting big income goals after a journey of time and effort

Q&A

• What are the creator's plans regarding physical products, and what are their income goals?

  The creator is venturing into physical products, leveraging existing infrastructure and family members for support. They are undecided about selling on Etsy due to their policies but aim for significant income from the new brand. The journey took time and effort, but now they are set to hit big income goals.

• What challenges did the speaker face with Etsy and what alternative platform are they considering?

  The speaker encountered problems with Etsy due to new account suppression and payment holding policies and decided to pivot to Shopify to have more control and increase profit margin. They are also considering using the TikTok shop and leveraging affiliates for marketing potential.

• What were the various streams of income discussed, and how did the speaker address fluctuations in earnings?

  The speaker discussed multiple streams of income, including affiliate marketing, brand sponsorships, and a physical products business, all with fluctuating monthly earnings. They also mentioned pivoting to a new product and promoting it on TikTok, as well as engaging with the audience through live sessions.

• What insights did the successful online business owner share about her revenue streams?

  The successful online business owner has various revenue streams, including Etsy, a membership group, a course community, and unpredictable passive income sources like AdSense from social media platforms. She also operates a Facebook group for Etsy and membership customers to gather requests and maintain a passive income stream through a club membership offering for Tumblr designs.

• How did Bailey start her business and what were the key aspects of its growth?

  Bailey started her business with digital designs for tumblers and gained popularity through TikTok marketing. Her main business, Bailey design Co, initially made $45,000 a month but has since declined due to her focus on other businesses. Bailey Tumblr designs, her own website, uses a membership subscription model for access to her designs.

• What is the progression of the five semi-related businesses discussed in the video?

  The businesses evolved over the last 3 years, starting with epoxy resin tumblers and transitioning to sublimation tumblers, and then selling digital designs. This transition to digital designs resulted in a $115,000 month by March 2022.

• 00:00 The speaker discusses the progression of five semi-related businesses, from making physical products to selling digital designs, which led to significant success. The businesses evolved over the last 3 years, starting with epoxy resin tumblers and transitioning to sublimation tumblers and then selling digital designs. The transition to digital designs resulted in a $115,000 month by March 2022.
• 04:36 Bailey started her business with digital designs for tumblers, which gained popularity through TikTok marketing. Her main business, Bailey design Co, started making $45,000 a month but has since declined due to her focus on other businesses. Bailey Tumblr designs, her own website, uses a membership subscription model for access to her designs.
• 09:16 A successful online business owner shares insights on her different revenue streams including Etsy, membership group, course community, and unpredictable passive income sources like AdSense from social media platforms.
• 13:58 The speaker discusses their various streams of income, including affiliate marketing, brand sponsorships, and a physical products business, with fluctuating monthly earnings. They also mention pivoting to a new product and promoting it on TikTok.
• 18:32 The speaker faced issues with Etsy's policies for new accounts and decided to switch to Shopify. They are considering using Tik Tok shop and leveraging affiliates for marketing.
• 22:46 The creator is venturing into physical products, leveraging her existing infrastructure and family members to support the business. She's undecided about selling on Etsy due to their policies but aims for significant income from the new brand. The journey took time and effort but is now set to hit big income goals.