November in review for Maker Threads π
π° US$530 revenue
πΈ US$105 net profit
π 1,577 site sessions
This was my biggest month in revenue, but my smallest in profit...
Throughout November, I launched a new collection in partnership with Makerlog, as well as the first hoodie collection.
The Makerlog collection was a great way to harness an existing audience. In return, I paid for a $5 Makerlog Gold subscription with every order.
I also started experimenting with prices based on customer feedback.
Shirts were traditionally US$35 with free international shipping. I've updated the pricing to US$27 with free shipping on orders over $50.
Since making the change, I've seen a noticeable increase in cart sizes per sale.
The other major roadblock has been VAT costs on orders within Europe. For each sale, I pay US$10.
When combining this with the cheaper sale prices, it makes for razor-thin margins.
There's still a backlog of tasks and strategies I'd love to add to Maker Threads.
Although it's not a profit-turning machine that'll immediately reach my income goals, it's refreshing to have a product that's slowly growing over time.