There are many people who want to make money online but there are so many money making scams out there. As a result, you may be quite skeptical of popular "side hustle" ideas floating around the internet. This is not a bad thing because being skeptical can save you time and money. This skepticism is especially strong when it is claimed that what initially seems too good to be true, such as no upfront costs to start the business, is required. Teespring is one of those companies that seems almost too good to be true.
Is Teespring Legit?
The first question is whether or not Teespring is legitimate. The company has been around for a few years and has even produced a number of millionaires, according to Forbes. To determine if Teespring is legitimate, it is important to understand how they make money.
How Teespring works
Teespring seems pretty awesome as it's a win-win for everyone. Instead of creating a design, paying a t-shirt company to make the t-shirts, and then hoping that you can sell them all for a profit, Teespring lets you make a t-shirt and a goal for them Set the number of t-shirts you will sell. The more you believe that you will sell, the more money you will make when you hit the target. If you fail to achieve the stated goal, the t-shirts will never be made and no money will ever change hands.
This way, Teespring cannot charge an upfront fee. If you don't meet the stated sales target, you don't have to produce the shirts. If you reach the stated sales target, a profit has already been taken into account for you and the company. So you produce the shirts and are guaranteed to make a profit.
Is Teespring Safe?
There is little initial financial risk to using Teespring, so the company is fairly safe. Since there is no upfront payment to use when using Teespring, you don't risk losing your hard-earned money. The real investment is your time. If you create campaigns that don't meet their sales goals, you won't earn anything. Even so, there are some unique problems with Teespring that you may consider "unsafe".
Quality problems with Teespring
Many content creators, businesses, and independent users rely on Teespring to make shirts. While Trustpilot only has 3.5 stars, most of the negative reviews seem to have something to do with the quality of the site or complaints about the time it takes to get materials. While these issues can be worrying, they do not exactly imply Teespring as a "scam". However, it is recommended that you want to shop around and see if there are other companies that can cater to your needs.
In addition to their mediocre Trustpilot score, Teespring is currently not accredited by the Better Business Bureau. In fact, the BBB reports similar results to Trustpilot as Teespring receives a high volume of customer complaints. The BB notes two main problems: customers struggling to remove personalized graphics from the website, and the same late delivery issues that are encountered with Trustpilot reviews.
Qualitative Risks When Using Teespring
As mentioned above, there are some risks associated with using Teespring. They don't make it a "scam" but they are definitely noteworthy. The most frequently reported risk is missed deadlines. It seems pretty well covered that Teespring is struggling to get materials out on time for a significant subset of their customers. So if you need your supplies to get to you on time, you should probably consider other options.
Currency Risks While Using Teespring
Other notable risks are the costs you may incur in creating and selling the t-shirts. If you pay someone to create a logo or other image (you don't have to, you can do it yourself), you can lose that cost if you don't end up getting the t-shirts you want to get to sell . The same can be true if you are spending money promoting the t-shirts. That money is gone and you will get nothing for your advertising investment if you fail to meet the T-shirt sales goal.
You also have low risk with the number of t-shirts you can sell. The higher you set your goal, the more you will earn for every shirt sold. The problem is, if you don't get there, you won't get anything. For example, if you set a goal of 50 shirts and only sell 49, the shirts will never be produced and you will receive nothing. However, if you set the goal of 10 t-shirts and sell 49, you will receive a commission on all sales since you hit the target. However, that commission would be less than if you said you could sell 40 t-shirts. Trying to gauge exactly how many t-shirts you can sell without overestimating them is vital.
Is Teespring Legit or a Scam?
Teespring is not a scam, it is a legitimate business. However, it does not mean that it is the best deal for you. There are some risks, so understanding how the company works is important so you know what you are getting yourself into, but it is a legitimate opportunity to make money without paying upfront costs. If you think you are creative enough to come up with some t-shirt designs that you could sell to others, consider trying Teespring for some extra cash on your free time. Just make sure you know all of the options available before you pull the trigger.
These articles will teach you how to successfully sell this business as well as other ancillary businesses.
Creating Facebook Pages for Selling T-Shirts
How to Link Investing and Small Business
Part-time jobs to expand your bank account
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