Teespring Says It's Minting New Millionaires Selling Its T-Shirts, Raises $35M
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Re: Teespring Says It's Minting New Millionaires Selling Its T-Shirts, Raises $35M
#2Congrats Teespring!
Re: Teespring Says It's Minting New Millionaires Selling Its T-Shirts, Raises $35M
#3Honest question. If your business is doing good, why would you want to raise money?
Re: Teespring Says It's Minting New Millionaires Selling Its T-Shirts, Raises $35M
#4It's surprising to me the degree to which Teespring has become part of the affiliate marketing community. The same group of people that normally spend all their time pushing "get rich quick" schemes, MLM programs, dating site ads on social networks and fake news articles about diet pills have really embraced t-shirts for some reason. There's a whole ecosystem of products around Teespring marketing businesses -- landing page builders, ebooks, video courses, mentorship and coaching, case studies, mastermind groups, etc. There's a hundred variations of "How I made $6,123 with Teespring and Facebook ads" posts out there, usually in connection with some other product. I wonder how they made inroads with that community, and whether those marketers ever create trouble for Teespring.
Re: Teespring Says It's Minting New Millionaires Selling Its T-Shirts, Raises $35M
#5Honest question. If your business is doing good, why would you want to raise money?
To grow faster than your current cash flow allows.
Re: Teespring Says It's Minting New Millionaires Selling Its T-Shirts, Raises $35M
#6Honest question. If your business is doing good, why would you want to raise money?
As an example, a business can scale a lot faster with a $1M cash infusion than it can with just $50K in the bank.
Re: Teespring Says It's Minting New Millionaires Selling Its T-Shirts, Raises $35M
#7It's surprising to me the degree to which Teespring has become part of the affiliate marketing community. The same group of people that normally spend all their time pushing "get rich quick" schemes, MLM programs, dating site ads on social networks and fake news articles about diet pills have really embraced t-shirts for some reason. There's a whole ecosystem of products around Teespring marketing businesses -- landi…
a lot of the get rich quick and work from home schemes are illegal in one way or another, pyramid schemes, black market underground parcel shipping networks, etc. seems to me like teespring has a much better business model which can help people make money making something people want.
Re: Teespring Says It's Minting New Millionaires Selling Its T-Shirts, Raises $35M
#8Honest question. If your business is doing good, why would you want to raise money?
When you're doing well is often the best time to raise money, as you can get more favorable terms.
Re: Teespring Says It's Minting New Millionaires Selling Its T-Shirts, Raises $35M
#9It's surprising to me the degree to which Teespring has become part of the affiliate marketing community. The same group of people that normally spend all their time pushing "get rich quick" schemes, MLM programs, dating site ads on social networks and fake news articles about diet pills have really embraced t-shirts for some reason. There's a whole ecosystem of products around Teespring marketing businesses -- landi…
You become popular enough, you will attract all kinds of people to your platform/service. Including ones you may not want to be associated with.
But this is great news for Teespring. Congrats to the team.
Re: Teespring Says It's Minting New Millionaires Selling Its T-Shirts, Raises $35M
#10"At least ten, the company says, have become millionaires from the work."
Does this mean they sold a million dollars plus worth of shirts OR that, after all expenses, they netted a million? The phrase millionaire implies the latter but that is a far higher bar to cross.