🧩 $160k Simple Excel Business - How To Sell Templates On Etsy
🧩 $160k Simple Excel Business - How To Sell Templates On Etsy
You only need ~20 products
Extending the early bird discount 🐣 on Etsy Critique Of Your Shop To Increase Your Sales for one more week. Don’t miss it this time!
Today’s shop is an example of how simple Excel templates can be turned into a passive income business:
~$160k total revenue
~2.3k monthly sales 🤯
24 products - ONLY!!! 🤯🤯🤯
15% conversion rate - that’s because the pricing is a no-brainer.
Etsy shop and product analysis tools I use are:
(*Always assume only ~80% accuracy on data from any analysis tools out there.)
Monthly Budget Spreadsheet
Product stats:
8.6k total sales
$8.6k total revenue (based on a $1 discount price, original revenue could be higher)
14 months ago - product released
Why this product sells?
Time in the market for this product and this shop in general is a major factor for its success.
Second biggest driving factor for the sales is its pricing - $1 to get your life on the right path is a no brainer for most of us.
How can you replicate this success?
Don’t give up if you don’t see overnight success.
💡 If you are not seeing sales, there’s a popular Etsy hack to list loss leader products that drive traffic and sales to your shop. These are products that are priced at very low prices, maybe at a loss even. This increases the credibility of your shop in turn by increasing the numbers like the total number of sales and reviews. So, Etsy bumps up your listings on search results - driving furthermore sales to other products.
Related Reads:
Easy Bookkeeping Template
Product stats:
4.3k total sales
$4.3k total revenue (based on a $1 discount price, original revenue could be higher)
8 months ago - product released
Why this product sells?
B2b products are going to sell more starting this year.
Especially because more entrepreneurs are starting small businesses and they need help streamlining their bookkeeping and managing business.
How can you replicate this success?
Think along the lines of “How can you streamline processes for small businesses through digital products”
Some ideas:
Managing inventory
Managing business finances
Managing employee salaries
Social media kit targeted and personalized for some business
Website builder kit
Related Reads:
Weight Loss & Fitness Tracker
Product stats:
3.4k total sales
$3.4k total revenue (based on a $1 discount price, original revenue could be higher)
9 months ago - product released
Why this product sells?
One amazing thing about this store is they have identified the pain points of their customers thoroughly
With only 24 products in their store, each product is targeted towards a specific problem their target audience might be facing
How can you replicate this success?
Here’s a whacky idea - instead of searching for a product category, go the other way around.
Find a customer segment and list down each problem they could be facing. And then create a planner or template to solve that problem.
Some ideas for customer segment:
Work-from-home employees
Working moms
Local bakery owners
Related Reads:
____
🧃 The Juicy Links
No-code website builder to build professional web apps (link)
React starter kit to build and ship side-projects in a weekend. (link)
Free Etsy tool to find best sellers and products. (link)
Turn your LinkedIn profile into a personal website in seconds with AI (link)
48 hours to make money on the internet (link)
Created an AI app as a non-dev. Here's their journey so far. (link)
Tools Find Job / Get Hired / Hire Experts. (link)
[book rec] 12 Months to $1 Million. (link)
[book rec] The ChatGPT Millionaire: Making Money Online has never been this EASY. (link)
Cheers,
🧘♂️
Best Etsy business tools I recommend are:
💢 Printify - free to start, 900+ high-quality products. (link)
💢 Printful - free, fast, and easy to start with print-on-demand. (link)
💢 Etsy - earn 40 free listings. (link)