It’s been a pretty quiet couple of weeks on the product launch front.
With few exceptions, most of what has been released is either ‘more of the same’ or just plain poor.
However, one new product did catch my eye.
(No, I don’t like the title either, but do read on.)
In a nutshell, it’s all about making money by selling patent blueprint drawings in various formats.
Every patent applied for in the US since 1871 has had to include a black and white drawing illustrating the invention for which the application is being made.
Since these drawings become the property of the US government, they almost all fall automatically into the ‘public domain’.
This, in turn, means that anyone can take these drawings and use them in any way they see fit, including selling them on in various forms to other people.
As you might imagine, millions of patents have been issued since 1871, covering a huge range of subject matter.
You can find drawings related to golf, baseball, tennis (and just about any other sport you can think of), aircraft, ships, bicycles, clothing, clocks, military equipment, toys and games, jewellery, musical instruments, household appliances, buildings… anything where anyone has invented something since 1871.
These drawings have the potential to make beautiful and highly desirable gifts for people interested in any of these niches.
And, if you know where to look, they are all readily available and free to download for you to use in any way you see fit.
The training covers three different ways you can profit from patent drawings…
(1) Selling them as digital downloads; customers download the drawings, print them off and typically have them framed to put on their walls.
(2) Selling them as physical prints that you ship to customers; you can sell them unframed or framed.
(3) Printing them onto products – typically T-shirts, mugs and posters – and selling those products. This will be done using a ‘Print On Demand’ (‘POD’) company, so that an item is only printed and shipped when you get an order from a customer.
Method (1) is clearly the simplest, because you don’t have to do anything after you make a sale.
The customer is given the download link after they buy and the rest is up to them.
The trade-off is that you will not be able to command the higher prices that the other two methods offer.
But that’s fine if you want a truly hands-free business.
Second in the level of your involvement is method (3), Print On Demand.
Here, you will need to create a new product with the POD business you are using by adding the drawing onto whatever product or products you want to sell, such as a T-shirt or mug.
When you get an order, you submit the shipping details to the POD company and they will produce the item and ship it to your customer for you.
Method (2) requires the most involvement, but can produce the highest profit margins.
This is where – when you get an order – you print off the drawing and send it out to the customer either unframed or (for even higher margins) framed.
Whilst many people do use this method, I would personally avoid it, because it does require a lot of your involvement.
I would at least start out with either method (1) or (3) and leave method (2) until you are up and running and want to ‘scale up’ for higher profit margins.
So that’s the business model.
How good is the training on implementing it?
It starts with a detailed description of the three methods and the plusses and minuses of each.
You are then shown several different ways to find and download the patent drawings.
All of them require very simple online research.
The next section is all about adapting the drawings for sale.
For example, most of the drawings will have been scanned in order to get them online and so they may need to be ‘cleaned up’ a bit.
You may also need to change the dimensions or resolution of the images and remove the backgrounds.
The training shows you how to do all of this very easily using completely free online tools.
So you now have the raw materials, but where do you sell your products?
The main training focuses on Etsy.
In case you don’t know, this is a huge marketplace where sellers can create an online shop and sell their wares.
Etsy is particularly suited to selling these patent drawings because its customers tend to be more ‘creative’ types.
The training walks you through every step of setting up your Etsy shop and listing your items for sale, including tips on how to get the most views for your listings.
Note that you can apply any of the three methods using Etsy.
The training uses a particular company the authors have experience with, but you could use any similar business.
It you are a Low Hanging System member, it clearly makes sense to use GearBubble.
Etsy is just one of many platforms you can list your products on.
There are many others.
The obvious one is Amazon and there is a separate PDF included which shows you how to list your products there.
Two other platforms are also mentioned in the training.
So what do I think of Vintage Blueprints Cash Bonanza?
First, the business model is a sound one.
There are already sellers on Etsy doing very well with this exact same method.
The statistics show that some of them must be doing very, very well indeed.
And there aren’t many of them at the moment, so there is plenty of room for others to jump in… the sooner the better.
Second, this is a very easy business to get into.
I know because I am already running a POD business on Etsy, which only takes me 2 to 4 hours a week.
If you opt for the digital downloads option, it is about as easy and ‘hands-free’ as you can get.
Plus, this model avoids almost all of the usual obstacles in starting an online business.
You don’t need a website, technical skills, inventory, an existing list and you don’t need to do any advertising or marketing, since Etsy brings the buying traffic to you, completely free of charge.
And you can genuinely make real progress with this in just a couple of hours a week, making it ideal if you have limited time to play with.
Third, you can use this to build an ever-growing source of largely passive income (almost completely passive if you use the digital download route).
You work once and potentially get paid over and over again into the future.
Fourth, the training is very good.
It goes into great detail about every step in the process, from finding drawings, to editing them for sale, to listing them on Etsy and other platforms and (if you go that route) setting everything up with your POD partner.
I would say that there is relatively little detail on the second method, selling the drawings as physical prints, either framed or unframed.
However, this is in my view the least attractive of the three methods and not something I would recommend in starting out, so this is not a huge issue.
I would also have welcomed a case study following the entire process with one patent drawing, from research to listing.
However, the process is simple enough that this is also not a big issue.
The bottom line is that this is excellent training on a little business that is very easy to implement and yet has the potential, over time, to make you a significant largely passive side income and, ultimately, even a full-time living for minimal effort.
It is particularly timely with Christmas approaching, since the products you can create with these drawings have huge potential as desirable gifts.
If you are already a Low Hanging System member, this provides an excellent extension to your existing business.
Either way, it is a high-quality product at a very reasonable price.
Highly recommended if you are looking for something that is simple, easy to implement and proven to work.
It is certainly something I am going to be doing moving forward.
You can find all of the details here…
Well worth a good look.