Selling Custom Workbooks: How to Make $50,000 a Year

Starting a side hustle can be a great way to earn extra income. One profitable idea is creating and selling custom workbooks. With the right planning, you can achieve a significant profit. Here’s a simple guide to help you reach a $50,000 profit.

Budget Allocation

1. Production Costs

   • Design and Development: $5,000: This includes hiring a graphic designer, illustrator, psychologist, and software developer to create a high-quality workbook. (We will manage this for you)
   • Landing Page Development: Included in the $5,000 budget to introduce and sell the workbook.

2. Sales and Marketing Budget

   • Marketing Costs: 30% of the workbook price
   • Workbook Price: $15
   • Marketing Cost per Workbook: $4.50

How Much to Sell

To make a $50,000 profit, you need to cover both the production and marketing costs. Here’s how you calculate it:

1. Determine Total Costs
   • Initial Production Costs: $5,000 (one-time cost)
   • Marketing Costs: $4.50 per workbook
2. Calculate Desired Profit
   • Desired Profit: $50,000
3. Calculate Total Revenue Needed
   • To achieve a $50,000 profit after covering the costs, you need to sell approximately 5,192 workbooks.

Daily Sales Target

To understand how many workbooks you need to sell each day, let’s break it down:

• Daily Sales Target: Around 14 workbooks per day

So!

To make a $50,000 profit with your custom design workbook:

• Initial Costs: $5,000 for production and landing page.
• Marketing Costs: $4.50 per workbook.
• Workbook Price: $15.
• Total Workbooks to Sell: Approximately 5,192.
• Daily Sales Target: Around 14 workbooks per day.

Is Selling Custom Workbooks the Right Side Hustle for You?

Here are the 5 questions you should ask yourself to determine if this is a good side hustle for you:

1. Do you know of any workbook subject?
   • Here is a list of 50 ideas that might help.
2. Do you have the savings for creating a high-quality workbook and landing page? 
3. Do you have access to an audience who needs your workbook?
   • The best scenario is if you already have a community of people who might be interested. For example, if you have a social media account for book lovers, selling custom workbooks about reading or book reviews would be a great idea.
4. Can you allocate 2-3 hours per day working on your side hustle?
   • Consistency is key to making this venture successful. Make sure you can dedicate sufficient time each day.
5. Are you motivated to start such a project?
   • Consider if this opportunity excites you and if you’re willing to put in the effort to make it succeed. It’s important to be passionate about your side hustle.

By selling custom workbooks at a rate of about 14 per day, you can achieve a $50,000 profit in a year. This plan involves strategic budgeting and effective marketing. Start with a clear plan, invest wisely, and keep track of your sales to reach your goal. With dedication and effort, your custom design workbooks can become a highly profitable side hustle.

By following this guide and answering these key questions, you can turn your creative ideas into a successful business. Good luck!

Need help designing your workbook?