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Author Topic: Is this a good idea?  (Read 606 times)
stompix
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May 01, 2019, 04:38:00 PM
 #21

The t shirt business is over saturated and the profit margins are quite small.  I don't think it is a business worth going to.  The only real positive is that you can start it with very little capital.  If you have a small budget and determination I say go for it but don't expect to make a fortune.

And maybe oversaturated is an understatement...

There are 8 custom printing shops with tshirts, cups, pillows etc etc, one in every superstore in my city.
There is at least one (in a case I know 3) in every mall in the city and we have 6!

Let's throw in the shops and the dedicated websites and I think we have at least 50!
How many people would want a custom t-shirt and how many would want one more than once a year?
Even if we say 1% it would mean 10 000 customers split between 50 business over a year..

so , OP:
Ofcourse i will start first in my country and have a feasibility studies first. Any thoughts about it?

First thing you have to check is how many people are doing the same in your area or town.

6. Custom cat/printify will fulfill your orders and ship to your clients

Shipping will kill your business as the cost would double the price for a t-shirt.
Why would you want to order it online when you can go to a store in your neighborhood, check how they look in real life and have it by next day?





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May 01, 2019, 04:49:55 PM
 #22

-snip-
These designs are pretty much in common and I think you need to create a better idea for this. It's too simple for me. But it's a good start. Probably create something more that is a little bit complicated. Since that design can be made by anyone.
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May 01, 2019, 04:52:04 PM
 #23

Anything includes this one is not a bad idea. Just make sure if you want to start a business, you should know your potential cutomers. Because, it is going to be worthless -no matter how great your idea- if you don't know how to sell your product. Anyway, I love the second one!

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May 01, 2019, 04:56:49 PM
 #24

I think you should go for it. Seems fine to me. Although it lacks some perfection but thats what business is for yiu will gradually improve your design and sales. Btw in a business no matter how gpod stuffs you have the important thing is to reach people who want to buy your products.
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May 01, 2019, 06:38:35 PM
 #25

The idea is very good,but in addition to the cryptocurrency logos, I think You should take care of the quality of the t-shirts themselves.Quality+cryptocurrency=success+money.And of course creative.The more Creative you are,the more attractive and popular Your t-shirts will be.Good luck crypto fan! Cool
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May 01, 2019, 06:52:50 PM
 #26

So i recently got a thing for designing shirts or making logo for some personal occassions. Since i love my work, i am planning to have a tshirt printing business which is unique and new from the eyes of the new generation consumers. Im planning to have a  design which is all cryptocurrency and ask for bitcoin as a payment if possible. Ofcourse i will start first in my country and have a feasibility studies first. Any thoughts about it?

Below are some designs i made. Please share your thoughts if that can be a good idea or not. Negative comments will be appreciated.

I think it's a good idea. Especially if you make sure the quality of the shirts and the prints makes them reliable.
I liked the design with "believe", but I think that it would be better if only B was in the orange circle. As for "trader", some letters are poorly readable because of the white background they appear on. So I think you should work on designs more.
It would also probably make sense to create an online shop, so that people from different countries are able to choose and purchase the shirts. Good luck!

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May 01, 2019, 06:55:22 PM
 #27

So basically you are willing to start a Print on Demand business which will accept cryptocurrency. I am also working on a similar idea but for a different niche. You don't need to start in your country first, rather you can start it worldwide! Let me give you the steps below,

1. Create a wordpress website
2. Integrate Woocommerce plugins (see some youtube tutorials)
3. Integrate either Custom cat or Printify in your blog
4. You can upload your own designs
5. Get orders
6. Custom cat/printify will fulfill your orders and ship to your clients
7. keep the profit.

Hope this helps!
Good steps for headstart, I was also planning this kind of local business however when markets crashed all my plans derailed. It's better to have physical business rather than depending on market profits all the time, hopefully this year will rain some luck to gather funds for my future plans.
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May 01, 2019, 08:08:21 PM
 #28

A good idea. But I nonetheless think that you need to start with online sales. Since this will allow to reach a wider audience, which is supporters of crypto. In addition, you can advertise your store on social networks.
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May 01, 2019, 08:24:54 PM
 #29

Your thoughts are really beautiful. My second number of these two pieces is very much liked. In my opinion, if you want to create such colorful design shirts, you can easily win the customer's mind, but if you can win the customer's mind, your business will be able to reach a big place very soon. You try to bring offline as well as bring your business online. I want to buy a second number of shirts. Please tell me how to buy and which method of payment to you...
I want your business to reach a much larger place in a short period of time...

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May 01, 2019, 10:07:45 PM
 #30

Thinking of a viable business for yourself and entrepreneurship in general is almost never a bad idea. But in my opinion, you still need some learning and practicing to do. It's almost like you just grabbed some logos and added some text around it using Windows' paint. Try harder. Best of luck.

Thank you for the honest opinion. Dont worry, the designs are just drafts and im working on my skill on photoshop as of now. Its kinda hard to learn though specially theres no one who can teach me to do it but the main goal if ever would be cryptoshirts paid with cryptocurrency.

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May 01, 2019, 10:42:12 PM
 #31

I think you will make it immediately and don't forget to use logos / images related to bitcoin and crypto because until now the shirt and shirt makers still haven't touched this opportunity. And finally we cryptocurrency fans around the world can buy it with bitcoin / altcoin at affordable prices  Grin Grin Grin Grin

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May 01, 2019, 10:46:57 PM
 #32

I'm so in support of that and I'd really be glad to know the proceedings of your feasibility studies. It'll help you know your stands regarding to crypto usage in your country. Moreover, I think this is what we should all be doing to help with the adoption. We need to start integrating the use case in our everyday job/activities and it'll help with the spread of the good news.

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May 01, 2019, 10:49:57 PM
 #33

The t shirt business is over saturated and the profit margins are quite small...
OP should not expect a huge income from this business, but at least he is contributing in raising awareness about bitcoin and cryptocurrencies and incentivizing his customers to start using it.
It will be a good idea to add a donation button as I believe many people will donate to encourage him.

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May 01, 2019, 10:55:01 PM
 #34

There are thousands of websites and people selling shirts related to Bitcoin. Just look on ebay. Almost 20 thousand results. On google are millions of sites offering this product. Of course, accepting payment using Bitcoin alone can be something that catches your eye. But many other online stores already do. Including stores that accept LN.

Of course, accepting payment using Bitcoin alone can be something that catches your eye. But many other online stores already do. Including stores that accept LN.

It is not an innovative business. What can make the difference is your commercial ability and your creativity.
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May 01, 2019, 10:58:27 PM
 #35

You are already the idea on how to start and your designs should be unique as much as possible but I like the 2nd shirt to be honest.  Grin

The t shirt business is over saturated and the profit margins are quite small...
OP should not expect a huge income from this business, but at least he is contributing in raising awareness about bitcoin and cryptocurrencies and incentivizing his customers to start using it.
Profit may be too small but if there will be a continuous order, the business can stand on its own after naming its own brand. @OP be open to re-sellers because that will help you to cater more orders and customers and the same time, it will save you a lot of time and effort for marketing your products. Thanks for making your business crypto friendly.

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May 01, 2019, 11:21:13 PM
 #36

I like the 2nd design of your shirt. It's great that you are trying to make your own business and trying to promote cryptocurrency with your designs and that you will be accepting bitcoin as payment as well. You should try to make your designs more creative and unique so that you can attract more potential customers. Good luck.  Cheesy

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May 01, 2019, 11:25:09 PM
 #37

Simple design and a nice shirt that's what I wanted, I don't want a crowded design in my own opinion. And just a suggestion write the Latin word of Bitcoin in the back of the shirt that would be nice. However, we have a different perspective view I like the idea of others too. If this is successful please reserve 1 and I order this kind of shirt.
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May 01, 2019, 11:29:33 PM
 #38

Simple design and a nice shirt that's what I wanted, I don't want a crowded design in my own opinion. And just a suggestion write the Latin word of Bitcoin in the back of the shirt that would be nice. However, we have a different perspective view I like the idea of others too. If this is successful please reserve 1 and I order this kind of shirt.
I also like the way you are doing. This will surely make you gain an income and it's all because of your own passion that will make others become proud of you.Well if bitcoin is already adopted in your country, i'm sure a lot of people will definitely buy your t-shirts will simple prints.
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May 01, 2019, 11:49:47 PM
 #39

This is not a bad idea at all, but you should know your market as in knowing the possible number of people who are interested in buying and owning a t shirt with the logo cryptocurrencies on it.  In as much that it is a nice design, how lucrative this can be is the most important thing to consider before going into full production of the T shirts.
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May 02, 2019, 01:13:51 AM
 #40

It's really a good idea. You're doing what to want and like, and at the same time, you're earning. It can also help for other people to discover and add awareness about crypto when they saw someone wearing that kind of shirt. But I think, you still need to learn more for the design. Well, you could make the buyers to provide the design they want. But it's better to practice making a design.
And if you want to earn more, I think you should also make other design desides crypto since it might be hard for you to find customers. It's only my suggestion though. Good luck on your business

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