Jump to winners | View PDF Recognising the mortgage professionals andcompanies across Asia-Pacific, North America,and the UK who have excelled and raised the bar All throughout 2023, Key Media’s 30-strong Intelligence Unit researched and produced a series of Special Reports, each showcasing the top-performing mortgage professionals and companies across a number of important professional categories. All of … [Read more…]
In your financial life, overdrafting your bank account is bad enough; no one likes to feel as if they’ve run out of money. But being charged an overdraft fee can dig you even deeper into the hole.
That’s why it can make sense to take some simple steps to avoid overdraft fees. You may be able to get a reprieve by contacting your bank or by linking accounts, among other moves.
In this guide, you’ll learn more about overdrafting and the charges involved, plus smart ideas for how to avoid overdraft fees.
What Is an Overdraft Fee?
If you pay out more than is in your bank account, your bank may go ahead and process the payment you’ve initiated, taking your balance into negative territory. They will likely charge you for this privilege (that is, letting you spend more than you have), and that is an overdraft fee.
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How Much Do Overdraft Fees Cost?
Overdraft fees aren’t cheap. The cost can vary somewhat depending on the bank or financial institution, but they generally run around $35.
It’s important to note that the overdraft fee is generally per overdraft. So if you overdraft your account and don’t realize you overdrafted, you might make multiple purchases and incur a fee on each one.
And these fees can add up quickly. At $35 a pop, just three small purchases could set you back over $100.
Some banks may also charge extended overdraft fees (sometimes called continuous or sustained fees) if your account doesn’t go back into positive territory within a few days.
It’s no wonder that Americans paid $7.7 billion in overdraft and the related non-sufficient funds (NSF) fees each year.
However, a bit of hope: Over the last year or two, some banks are beginning to lower their overdraft fees. For instance, Bank of America reduced their fees to $10, and some financial institutions, often online banks, don’t charge any fees for, say, the first $50 of overdraft.
10 Ways to Avoid Overdraft Fees
Next, consider these ways to avoid overdraft fees. These strategies can keep overdraft fees from accumulating — or ever being charged in the first place.
1. Keep an Eye on Your Balances
How often do you monitor your balance typically? It’s a good idea to make a habit of checking your accounts weekly or even more frequently to make sure your balances aren’t too low.
This can be done quickly online, via mobile app, when you take money out of the ATM, and/or by calling the bank and getting an automated update on your account.
2. Maintain a Cushion
One simple way to avoid overdraft fees is to keep a cash cushion in your checking account. A cushion means you have a little more stashed in your account than you typically spend each month in order to cover unexpected or forgotten charges.
This cash cushion can prevent overdraft. You might even add it as an item on your budget to make sure it gets replenished if you use it up.
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3. Set up Balance Alerts
An easy way to help avoid unexpected overdrafts, plus those high overdraft fees, is to set up some automatic alerts.
• One that is particularly helpful is a low balance alert, which means you will be notified (by text, email, or cell phone notification) whenever your balance falls below a certain amount.
You could then immediately transfer money from savings, or hold off on making any purchases until another paycheck comes in.
• Another useful alert you may be able to set up is the overdraft alert. This means you would be notified whenever you overdraft your account.
This alert won’t help you avoid the initial overdraft fee, but it could stop you from continuing to make payments and incurring more overdraft fees.
4. Opt Out of Overdraft Coverage
It is possible to prevent your bank from using the automatic overdraft. You just need to opt out of overdraft coverage.
Customers typically have to “opt-in” to a bank’s overdraft protection program, which many do without thinking much about it when they open their accounts.
This gives the institution permission to clear a transaction even if there is not enough money to cover it in the account. If you’re unsure about whether you’re enrolled in an overdraft program when you opened your account, you can contact your bank to find out whether you have this coverage or not.
There are pros and cons of overdraft coverage. If you have overdraft coverage, you may want to consider opting out. Without overdraft coverage for debit card purchases and ATM withdrawals, you will not be able to overdraft.
Instead, if you try to withdraw more than you have in the account, your charge will simply be declined — no money will be withdrawn from your account, and no fees will be triggered. This may help some people stay more mindful and accountable about their spending.
Keep in mind, though, that opting out of overdraft coverage programs typically does not protect you from fees charged for bounced checks.
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5. Link to Another Account
Next on the list of how to avoid overdraft fees: Connect your accounts.
Your bank or financial institution might offer an overdraft protection service that is different from overdraft coverage. This service, which typically involves signing a contract to set up, will link your checking account to another account at the same institution.
Then, in the event that there’s not enough cash in your checking account to cover a transaction, the needed money would then be transferred from the linked account to cover it.
It’s important to remember, however, that some savings accounts have a limit of six withdrawals per month. Also, there may be a fee involved for the funds transfer, but these charges are typically lower than overdraft fees.
Another perk of overdraft protection is that it can help you avoid the awkwardness of having your transaction denied.
Recommended: Can You Overdraft Your Savings Account?
6. Be Careful About Where You Use Your Debit Card
Here’s another way to avoid incurring overdraft fees:
• You may want to use something other than your debit card to check into a hotel or rent a car. These companies may put a hold on your card equal to or sometimes greater than the full amount of your bill.
In this case, money wouldn’t actually be withdrawn from your account, but it also wouldn’t be available for you to use. If you use your debit card to make another purchase and don’t realize that the hold is tying up your money, you may put yourself at risk for overdrafting.
If you’re planning to use your debit card to book a hotel or rent a car, you might want to check company policies in advance.
• You may also want to avoid using your debit card to make lots of small purchases. These might be harder to keep track of and could add up quickly, making it more difficult for you to know how much money is flowing out of your account.
If you lose track of your spending, this too could put you more at risk for overdrafting.
7. Use Prepaid Debit Cards
Another tactic for avoiding overdraft fees is to do your spending with prepaid debit cards. These cards are often branded with a credit card logo and can be bought in a variety of sums. They come preloaded with that amount of money, and you spend until the cash value is gone. In this way, overdrafting isn’t a possibility. This might help some people stick to their budget.
8. Schedule Payments Carefully
You might also eyeball when payments are due, and see how that dovetails (or doesn’t) with your paycheck schedule. For instance, you might be more likely to overdraft your account if your credit card payment is due a couple of days before your paycheck hits. If that’s the case, you might try contacting your credit card issuer and see if they could move your due date slightly to better accommodate your cash flow. Many companies will do that.
9. Use Mobile Banking Apps
Here’s one more way to avoid overdraft fees: Use a mobile bank app, which can let you see your balance, pending payments, and spending in one click glance at your mobile device.
This can make it easy to eyeball how your money looks and avoid overspending.
10. Consider a Bank With No Overdraft Fees
Some banks are recognizing what a pain point overdraft fees can be for consumers. You may find that some are lowering their charges, and others are actually providing fee-free overdraft coverage. This may be limited to a certain amount (such as covering the first $50 of an overdraft) and may require the customer to get back to a positive balance within a certain period of time (say, until your next direct deposit hits). It can be wise to shop around for this feature; you may find it more often at online vs. traditional banks.
What to Do If You Overdraft
If you overdraw your account, here are some steps to take:
• The best first step is generally to transfer money into the account right away. You might still be able to prevent an overdraft fee.
You may then want to see if your provider has a daily cutoff time or deadline for adding money to an account to correct a negative balance that same day to avoid fees.
Even if you miss the cutoff, transferring money into the account soon can prevent other fees. That’s because leaving a balance negative for several days can sometimes result in an extended overdraft fee.
• If you are charged an overdraft fee, however, that doesn’t automatically mean you are stuck paying it. It doesn’t hurt to negotiate to try to have the fee reimbursed.
You can try to get overdraft fees waived by calling the bank and politely asking if they will remove the charge—if it’s your first offense, you might prevail. You may also want to ask your bank if it has a formal forgiveness program. Some institutions have policies to waive the first fee charged each year or if a customer is experiencing economic hardship.
The Takeaway
Overdrafting is when you try to spend more money from your checking account than you actually have in that account. Banks will often let your charge go through instead of declining it, but then will charge you an overdraft fee that can be around $35. These fees can add up quickly, especially if you don’t realize you overdrafted your account and continue to make purchases.
But there are a few simple ways to avoid hefty overdraft fees, such as opting out of overdraft coverage, setting up an automatic low-balance alert, linking your accounts, keeping a little cushion in your account, or banking where you get a level of no-fee overdraft coverage.
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HONG KONG, Sept 11 (Reuters) – HSBC Holdings will raise its mortgage rates in Hong Kong by a maximum of 50 basis points, a spokesperson for the bank said on Monday, as it tries to maintain its profit margin amid higher interest rates.
New mortgage loans linked to the Hong Kong Interbank Offered Rate (HIBOR) from HSBC will be increased to as much as 4.125% from 3.625%, effective Sept. 18, according to the spokesperson.
“We have decided to revise our mortgage rate following a recent review, which takes into account a range of factors, including HIBOR, our competitiveness and market pricing,” the spokesperson said in a statement.
The move by the territory’s largest lender weighed on Hong Kong property developers’ stocks on Monday, with the market’s real estate gauge (.HSNP) shedding 3.28%, compared with a 0.58% dip in the benchmark Hang Seng Index (.HIS).
Sun Hung Kai Properties (0016.HK) slumped 9.5% after the Hong Kong property giant reported a 17% decline in underlying profit for the year ended June.
Hong Kong banks, including HSBC, last raised mortgage rates by 25 basis points in December, after Hong Kong’s central bank hiked rates following the U.S. Federal Reserve.
Interest rates in Hong Kong have been on the rise as its monetary policy moves in lock-step with the U.S., as its currency is pegged to the U.S. dollar.
Hong Kong interbank rates also spiked this year. One-month HIBOR , which is the benchmark banks take as a reference for residential mortgages in the city, hit 5.42988% on Aug. 2, the highest since mid-October, 2007.
Private home prices in the city had been declining for three consecutive months by July, official data showed, as high rates and a weak economic outlook weigh on sentiment.
Reporting by Xie Yu,Donny Kwok and Selena Li; Editing by Himani Sarkar and Sharon Singleton
Our Standards: The Thomson Reuters Trust Principles.
The Credit Cards Competition Act of 2023 is pitting retailers against banks. Proponents say it’ll benefit merchants by lowering some of their operating costs, enabling them to reduce prices. Opponents say that not only are merchants likely to keep those savings to themselves, but credit card companies also may end up slashing the rewards they offer to make up for the revenue they’ll lose.
For now, this is all still speculation. Also up in the air is when this legislation might move forward in Congress. “Your guess is as good as mine,” says Stephanie Martz, chief administrative officer and general counsel of the National Retail Federation, an organization in favor of the Credit Card Competition Act.
Should the Credit Card Competition Act pass, consumers may notice some changes.
The Credit Card Competition Act, in a nutshell
To understand the Credit Card Competition Act, it helps to first understand what happens when you use a credit card to make a purchase. The card issuer, a bank or credit union, actually makes the payment for you, and you later repay the issuer when you pay your credit card bill.
Issuers don’t pay merchants directly, however. Payment networks like Visa, Mastercard, American Express and Discover work as the intermediary, sending purchase information back and forth between the merchant and the card issuer. Payment networks charge merchants interchange fees, also known as “swipe fees,” to do this, and those fees, in part, go toward funding the rewards that your credit card earns.
And here’s where much of the conflict lies. Under the current system, if a merchant accepts credit cards, it is “locked in” to whatever payment network that credit card runs on (the payment network logo that is displayed on the card) — and thus the merchant must pay whatever fee that network charges.
Among payment networks, Visa and Mastercard are the biggest players by far. The Credit Card Competition Act is a bipartisan bill that, according to its backers, is intended to break up what they view as a Visa-Mastercard duopoly. It would require large banks to allow more choice in terms of what payment network can be used for processing transactions that involve their credit cards. So if, for example, a shopper used a Visa card to make a purchase, the merchant could choose Visa as the payment network to process the transaction, or it could opt for another (and possibly less expensive) network.
Supporters of the measure hope that adding this element of competition would bring down interchange fee rates, saving merchants money and allowing those merchants to, in theory, pass along those savings to their customers.
But not everyone agrees that the bill would be a win for consumers.
How it might affect you
If the Credit Card Competition Act passes, there will be no change in how you use your credit cards to make purchases in stores or online. However, experts speculate that consumers could be affected in other ways.
Merchants may pass interchange savings along to shoppers — or not
Supporters of the Credit Card Competition Act cite lower operating costs for retailers as a main benefit, especially small businesses like your neighborhood corner store.
“Swipe fees are the second-highest operating cost, on average, for these businesses. Only labor is a higher cost,” says Doug Kantor, general counsel of the National Association of Convenience Stores. “A big piece of that is that the fees automatically rise with inflation. As we see inflation in the economy, merchants’ costs go up. Convenience store owners are left chasing their tails to try to maintain some profitability with these rapidly rising fees.”
Supporters say lower swipe fees for retailers could get passed down to consumers in the form of reduced, or at least stable, prices. They say consumers could also benefit if retailers opt to reinvest in themselves by hiring more employees, expanding their product offerings and opening additional store locations. Prices may not go down in those cases, but the customer experience could improve.
But the Credit Card Competition Act doesn’t require merchants to pass along the savings, so opponents aren’t convinced it will happen at a large scale. “I frankly sit on the devil’s advocate side, and I don’t see that happening,” says Matt Garfield, managing director within the retail and consumer products practice at FTI Consulting, a business advisory firm.
Garfield anticipates that small merchants will use the savings from lower swipe fees to keep prices stable, increase their cash cushion or put toward business improvements.
Credit card rewards could look different
If you’re a committed credit card rewards optimizer sitting on a pile of points and miles, the possibility that the Credit Cards Competition Act would pass is likely making you sweat. A major concern is that with reduced income from swipe fees, credit card issuers will cut back on their rewards programs and partnerships with airline loyalty programs.
This could result in consumers carrying fewer credit cards, since card offers might be less appealing, and taking fewer leisure trips, since their spending may not earn as many miles, Garfield says. “Credit cards will have to continue to think about how they drive loyalty among their customer base.”
If the Credit Cards Competition Act were to pass, an increase in other non-points-centric perks — like airport lounge access and easier paths to status with airlines — could be one way for credit card issuers to continue to entice consumers, according to Garfield.
Plus, the process of accommodating additional payment networks is more complex, compliance-wise, which also comes at a cost for banks, according to Brock Kannan, an adjunct professor at Wake Forest University School of Law who teaches banking law and regulation. To offset such costs, credit card issuers might have to increase other fees or alter their rewards programs in some way, Kannan says.
Credit access and security are also concerns
The loss in interchange revenue could make banks and credit unions more risk-averse in their lending practices, says Jason Stverak, deputy chief advocacy officer for the Credit Union National Association. “Primarily, our major concern for credit unions is the loss of access to credit for many individuals in this country.”
Opponents also express concerns about security risks to consumers posed by adding additional payment network options. The Credit Card Competition Act does instruct the Federal Reserve to identify card networks that are a national security risk or are operated by foreign state entities. Those networks will not be available options.
In terms of credit access, as a consumer you don’t have much sway when it comes to banks’ risk management decisions. But you can take steps to establish credit or boost your eligibility for credit cards or other loans, such as using secured credit cards or becoming an authorized user on someone else’s account.
When it comes to security, you can also reduce your risk of credit card fraud by routinely checking for suspicious charges on your credit card statements and setting up text alerts that will notify you when a purchase is made on your card. If you spot unusual activity, report it to your credit card issuer immediately.
Did you know that there is an easy way to earn money while driving your car? Yes – you can get paid to advertise on your car! Car advertising is becoming more and more popular as companies are trying to find ways to reach new customers. Think of it like billboards – the companies are…
Did you know that there is an easy way to earn money while driving your car? Yes – you can get paid to advertise on your car!
Car advertising is becoming more and more popular as companies are trying to find ways to reach new customers.
Think of it like billboards – the companies are simply putting more ads on the road to hopefully sell more of their products.
If you’re interested in this idea, there are many companies that will pay you to put an advertisement on your car. This can be an easy way to make extra money in your spare time with little effort needed from you.
Quick Summary On How To Get Paid To Advertise On Your Car
Car wrap advertising is a way to earn extra money while driving like you normally do.
You may be able to earn around $100 to $400 a month with a car wrap.
Car wrap companies such as Nickelytics, Wrapify, and Carvertise are popular with this side hustle.
What Is Car Wrap Advertising?
Car advertising is when companies pay you money to put ads on your car. This makes your car like a moving advertisement while you drive around doing your normal everyday tasks (like driving to work or going to the grocery store).
This type of advertising is good for businesses because it lets their ad reach lots of people no matter where the car goes.
Many car advertisement companies use a form of car advertising known as car wrapping. The ads can cover either a part or the whole of your car, depending on what the advertiser wants.
Here are two examples of the types of car wraps:
Full car wraps – This is when full wraps are put on cars, covering the entire outside of the car with a vinyl graphic. These wraps can feature colorful designs, logos, and advertising messages related to the client’s brand or product.
Partial car wraps – Partial wraps cover sections of the car (such as doors, the back window, or specific panels). These typically pay a little less because it does not cover your entire car.
How much can you get paid to advertise on your car?
The amount you can earn from car advertising depends on things like the company you work with, the specific campaign, and the distance you drive. It’s a fairly passive income stream too, which is nice.
On average, drivers can earn around $100 to $400 per month. Also, some companies might give signup bonuses ranging from $100 to $300.
Recommended reading:
6 Ways To Get Paid To Advertise On Your Car
Below, I will be talking about 6 legitimate companies that pay you to put ads on your car.
1. Wrapify
Wrapify is a popular car wrap advertising company that pays you to advertise on your car. Companies that use Wrapify for advertisements include Petco, Cricket Wireless, Alaska Airlines, Uber, Coca-Cola, and more.
They have different levels of coverage, like full wrap, partial wrap, or panel wrap. The more coverage you choose, the more money you can earn. To get started, you need to download their app, register, and wait for an advertising campaign to join.
Wrapify pays its drivers based on the miles covered and the area they drive in. There is no minimum amount of miles that you must drive each day. Drivers in more populated urban areas can usually expect to earn more money than those in rural regions (this is because they want the most people to see the ads!).
You can earn around $264 to $452 per month for a full wrap and around $181 to $280 for a partial wrap. The full wrap will pay you the most amount of money.
2. Carvertise
Carvertise has been around since 2012, and they connect drivers with advertisers, turning your car into a mobile advertising platform. It is known for having hassle-free car wrapping with professional installation and removal of the advertising material.
Some of the brands that partner with them include Netflix, Planet Fitness, NASCAR, Wawa, Buffalo Wild Wings, Huggies diapers, and more.
Ads placed by Carvertise typically start at around $100 per month and go up to $500 per month.
To get started with Carvertise, you will submit a driver application that asks questions like where you normally drive. Then, you’ll be matched to a brand that is looking for your driving habits. After that, you get your car wraps and Carvertise will pay you each month through direct deposit.
Once your campaign is over, Carvertise then removes the wrap for you (you don’t pay for this, they do), and they will then look for another advertising partnership for your car.
3. Nickelytics
Nickelytics is looking for gig economy drivers who want to make extra money by wrapping their cars (such as people who drive for DoorDash, Lyft, and even rideshare drivers).
To get started, you simply download the Nickelytics app on your phone. They will ask you questions about yourself and the car you have. Then, they will ask you to turn on the app while you’re driving so that they can see where you drive and the mileage you are driving. This is so that they can better match you with companies. Once you are matched with a company, you will then get the wrap installed.
They pay around $175 to $250 each month that you drive around in a wrapped vehicle.
4. StickerRide
StickerRide is a company that lets you turn your car into a mobile billboard and wrap your car for money. The site is app-based, and you can choose the campaign offers that interest you.
This StickerRide app gives you points for each driven mile, and you can earn more depending on the location and time of day. StickerRide also has other ways to increase your earnings, such as by taking part in quests and flash mobs where you drive to a specific location so that the car advertising can be seen by more people.
You receive around one point for each mile driven, and each point is worth around $0.01 in the U.S. (and £0.1 for the UK).
5. Stickr
Stickr is a little different from the other sites above that pay you to place sticker ads on your car. This is because they don’t wrap your whole car or even panels on your car. Instead, they do rear window advertising.
The company provides drivers with an opportunity to make a passive income by simply placing an advertisement on a car’s back window.
To join this site, you simply sign up online, choose a campaign and car advertising decal, and then it will be shipped to you with simple instructions for applying the decal to your car.
Stickr says you can earn up to $2,300 in cash and gift card compensation each year.
6. Free Car Media
Free Car Media is another company where you can get paid to wrap your car. It can take anywhere from 3 days to several months in order to be matched with a company that wants to place an ad on your car.
This site does both full wraps and rear window wraps, and their campaigns can last anywhere from 6 to 24 months (or sometimes even longer).
Free Car Media claims that you could make up to $400 per month, depending on the advertiser and campaign.
Getting Started With Car Advertisements
Here’s how to get started with getting paid to put an advertisement on your car.
Eligibility criteria
Before you can get paid to advertise on your car, you’ll want to see what the car advertising companies require from you. Most companies require their drivers to have a clean driving record and pass a background check.
Also, you should have a valid driver’s license, car insurance, and be at least 18 years old. Some companies may also want your car to be a specific make, model, or year and be in good condition visually and mechanically. Many will ask for pictures of your car from different angles too.
Application process
Once you meet the eligibility requirements, the application process is pretty easy. First, research and choose a real company like Wrapify, Carvertise, or Nickelytics. Then, register with the company by submitting your personal information, your driving record, vehicle details, and some photographs of your car. Many of the car advertising companies above have a mobile app to download, available on Google Play or the App Store, which will make this all very easy.
After that, the company may perform a background check to make sure that you’re a reliable driver (after all, you would be representing the company that you are advertising for). Once you’re approved, you’ll then be matched with an advertising campaign, and your car will be wrapped with the advertisements.
How to get started with car advertisements
Here are the typical steps when it comes to getting paid for car ads with the different car advertising companies:
Register – Join the car advertising site of your choice by filling out an application online through your laptop or cell phone app (Android or Apple). This usually includes answering basic information about yourself, your driving habits (such as the number of miles you drive a day and your commute route), and details of your car such as make, model, and year.
Understand the contract – Carefully read the contract provided by the advertising company. Look for the length of the advertising campaign, expected driving routes, how and when you get paid, and any potential penalties for early termination of the contract or not meeting the driving requirements.
Get your car wrapped – Once you are matched with a company, the advertising company will wrap your car with the advertiser’s brand. The wrap is usually professionally installed and removed without damaging your car’s paint.
Start driving – After the wrap is installed, all you need to do is drive as you normally would. Your earnings will be calculated based on the agreed contract.
Remember, every company has different terms and procedures, so always thoroughly research each company before signing up.
Pros and cons of car advertising
There are pros and cons of car advertising. These include:
Pros:
Extra income – Car advertising can be a great way to earn some additional money without significantly changing your daily routine.
Flexible way to make extra money – You can choose the car advertising campaigns you participate in and how much you want to advertise on your car.
Low effort – After the initial setup of applying the ad to your car, there’s little additional effort required. All you need to do is drive so that people can see the ad.
Cons:
Limited control over ads – You may have limited control over the choice of advertisements displayed on your vehicle.
Potential wear and tear – If you do this a lot, then the frequent application and removal of ads could cause wear and tear on your car’s paint and finish over time.
Privacy concerns – With an advertisement on your car, you may experience a reduced sense of privacy while driving. For example, some people may come up to you while you’re parked to ask you questions, or they may assume that you have free stuff to give away inside.
Car advertising allows you to earn money while driving, but you’ll want to weigh the pros and cons first.
How To Recognize Car Advertising Scams
While there are legitimate car advertising sites, it’s important to be aware of the risks and know that car wrapping scams exist. There are MANY scams out there in the car-wraps-for-money industry.
Here are a few tips to help you avoid car advertising scams.
Real car advertising companies never ask for money up front – You should be suspicious of any company that requires payment or investment from you to get started. None of the companies above will ask you for money. There should also be no fees for decal installation or removal from a car wrapping company.
Too-good-to-be-true offers – If a site is saying that you’ll receive thousands of dollars a week for car advertising, it is most likely a scam. Real companies typically pay just a couple hundred dollars each month – this is not a full-time job.
Unsolicited offers and contacts – Scammers may send you a random email, cold phone calls, or social media messages with offers to get your car wrapped. But, I recommend sticking only with the reputable companies that you have done your own research on.
Poorly designed websites or communication – Scam companies may have unprofessional websites, use poor grammar, or have broken links. You should ignore these companies unless you are 1000% positive that it is real.
FAQs About Getting Paid To Advertise On Your Car
Below are answers to common questions about how to get paid to advertise on your car.
Do companies really pay to advertise on your car?
Yes, many companies will pay to advertise on your car, and this is a real way to make extra income. These are usually marketing agencies and brands that are looking for unconventional and cost-effective ways to reach new customers. They take advantage of everyday commuters to display their ads, making car advertising a win-win situation for both drivers and advertisers.
How much can you earn with car advertising? How much can I get paid to put an advertisement on my car?
You can earn between $100 to $500 per month, depending on the coverage of advertisement on your car. Smaller wraps, which may cover your doors or rear window, can earn you between $100 to $250. Full wraps that cover your whole car can make you around $250 to $500 each month. A car ad campaign typically lasts for several months.
What companies pay you to put their logo on your car?
There are many real companies that pay for advertising on your car, such as Wrapify, Carvertise, and Nickelytics. Before signing up, you should always research the company and make sure it is legitimate and trustworthy.
How much do you get paid to Carvertise?
Earnings through Carvertise can vary based on factors like the duration of the campaign, your location, and coverage of the advertisement. Ads placed by Carvertise can usually earn you around $100 to $500 each month.
How much does Wrapify pay?
With Wrapify, you can earn around $264 to $452 per month for a full wrap and around $181 to $280 for a partial wrap. The full wrap is the highest way to get paid to wrap your car.
Will Red Bull pay you to advertise on your car?
Red Bull does not pay for car advertisements. This is a common scam and you will not get paid to wrap your car for Red Bull. You can read more about this on Red Bull’s website here.
Can I choose which advertisements go on my car?
Typically, the advertising company matches drivers with advertising campaigns based on the information you answer when you register. Some companies may give you the option to reject campaigns that you’re not comfortable with, while others may assign campaigns automatically.
What types of ads are used for car advertising?
Car advertising usually involves using vinyl wraps or decals applied to your car’s exterior. There are three main types: small wraps, which cover only your doors and rear window; partial wraps, which also include side panels and the back of your car; and full wraps, which cover the entire surface of your car. The material is designed to protect your car’s paint job and can be removed without damage when the advertising campaign is over.
How To Get Paid To Advertise On Your Car – Summary
Car advertising is a real method of earning extra cash by allowing companies to display their advertisements on your car.
Companies such as Wrapify, Carvertise, Nickelytics, and others are real paid car advertising opportunities.
You can potentially earn a significant amount from car advertising each year, depending on factors like the advertising company, your location, the type of car you have, and the amount of driving you do. Plus, it also depends on whether you choose to do a full car wrap or a small decal.
If you want to start making money advertising on your car, then check out the sites above!
Are you interested in learning how to get paid to advertise on your car?
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Verification, HELOC, POS, Servicing Transfer Products; Webinars Today and Tomorrow; Fannie’s Solid Earnings
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Verification, HELOC, POS, Servicing Transfer Products; Webinars Today and Tomorrow; Fannie’s Solid Earnings
By: Rob Chrisman
52 Min, 10 Secs ago
“Change is inevitable, except from a vending machine.” Corporate changes are the name of the game. Atlanta’s Crescent Mortgage’s bank owner is aligning all mortgage facets of the enterprise and moving to “retail only” and eliminating third party. Rather than wind down, Colorado’s Universal Lending is inking an agreement with Lower LLC in a partnership setting up Universal Home Loans being in the same markets as a division of Lower LLC and improve its competitive position. Every discussion that I’ve had with real estate agents lately involves a) thousands of agents leaving the business due to the lack of… business, and b) how 8 percent mortgage rates have absolutely ground transactions, and even interest in looking at properties, to a halt. Meanwhile, I’m having similar conversations with loan originators as a) NMLS licenses are declining, and b) 8 percent mortgage rates have ground activity to a halt. From a broker-dealer’s perspective, BAML’s trade desk reported that, “Supply limped into the weekend, closing at 1.2bn amid a light rate move, dragging the 5 day average to 1.8bn.” (Today’s podcast can be found here, sponsored by Richey May, a recognized leader in providing specialized advisory, audit, tax, technology and other services to the mortgage industry for almost four decades. Hear an interview with Richey May’s Seth Sprague on the servicing marketplace, strategic planning, and returns to profitability from an advisory perspective.)
Lender and Broker Software, Products, and Services
On this Halloween, don’t get tricked: Stop and think before you click. The human element is the easiest target for cyberattacks, from phishing emails to phone calls. However, with proper training, your team can become your greatest defense against these attacks. In an industry that values sales goals, it’s tempting to pursue every mortgage lead without hesitation. But recent data reveals the dangers of careless clicking. In 2022, social engineering was the top attack vector, even for the best teams. Discover how to strengthen your human cybershield here and reach out to Richey May’s cybersecurity experts to assess and define your cybersecurity training needs.
“BOO! No tricks here, only treats! Did you know that even the leanest of teams can leverage the same enterprise ecosystem technologies as the largest players in the mortgage industry? For purchasers of mortgage assets, Blue Water (“Blue Water Financial Technologies Services, LLC”) has turnkey solutions available that can dramatically widen your funnel. For example, SuperTransfer™, ensures that you receive docs and data from any number of sellers exactly in your stacking order and format with exception remediation* built into the process. Buy directly from sellers or buy from aggregators to access hundreds of sellers. Blue Water technology can help drive your valuation-based pricing* to target your footprint and return objectives- at the loan level. From pricing, valuations, transactions, transfer, QC, to boarding, Blue Water makes it easy to scale up your pipeline. *Patent pending. Connect with our expert Sales Team today.”
Maximize your return on every loan with better secondary pricing and industry-leading technology. To achieve profitable mortgage lending, you need solutions built for your bottom line. Maxwell’s tech-enabled platform enhances each step of the process, from point of sale to the secondary market. You’ll gain competitive secondary market pricing on a wide array of products, including non-QM and jumbo, and full-service fulfillment support on both wholesale and mini-correspondent offerings. Maxwell Capital customers leveraging Maxwell Point of Sale close 36 percent more loans than top competitors, increasing and accelerating closes, while built-in business intelligence tracks and benchmarks performance. Schedule a call with our team to learn more about Maxwell Capital and Maxwell Point of Sale to ensure profitability on every mortgage origination.
“Take your Encompass® experience to the next level with the Encompass Essentials – 10 Free Tools Package from KensieMae, where seamless enhancements await at no cost. We get it; this market can be tough, and we’re here to make it a little easier… for free! No gimmicks, no hidden fees, and no strings attached. Our free tools package includes 10 simple, but powerful, time-saving tools trusted by thousands of lenders, and they won’t cost you a dime. Installation is a breeze, and upgrades are on the house. Whether you’re a new KensieMae customer or already part of the family, these tools are our gift to you. Save time, reduce frustration, and streamline your workflow with tools like Doorbell, Navigation Buttons, and Macro Automation. Your lending business deserves these game-changers, so why wait? Claim yours today and supercharge your operations with the Encompass Essentials – 10 Free Tools Package!”
We all remember the houses that give the full-size candy bars just like we remember the houses that give toothbrushes and raisins. Why should your digital mortgage experience be any different? Borrowers remember a slick, easy-to-use loan app, and just like the neighborhood kids, will tell you where to go and what to avoid. Be the full-size candy bar house with LiteSpeed by LenderLogix.
Symmetry Lending has some very exciting news: As of tomorrow, November 1, Symmetry is enhancing the Borrower-Paid Broker Fee payouts on its Standalone HELOCs! Mortgage loan officers and brokers can now earn 1.5 percent on the Symmetry Standalone HELOC draw amount, with no maximum payout. Symmetry will also continue to allow for a $500 borrower-paid broker fee on its Piggyback HELOC solution. This increased payout on Symmetry’s Standalones offers a big opportunity to increase your income while the first mortgage market remains challenging and slow. In fact, HELOCs, especially Standalone HELOCs, continue to gain a lot of interest, with homeowners looking to this lower-interest financing solution to make renovations and repairs to their current home, versus buying a new home at a high interest rate, offset debt and increase cash flow in an inflationary economy, increase their home value in preparation for a future sale, and more! Don’t wait until it’s too late! Talk to your clients about the benefits of a HELOC before someone else steals this business opportunity from you. Contact Symmetry to learn more about their HELOC solutions, pricing, and industry-leading speed and service.
Verification Products
Truv is saving Lenders 60-80 percent over competitors. That’s the savings of multiple full-time employees. For example, Compass Mortgage saved roughly 60 percent in verification costs and maintained their same conversion rate. “Truv has given us the ability to lower costs, all while speeding up the verification process and providing better employment data” said Justin Venhousen, COO, Compass Mortgage. Stop wasting money. Contact TRUV today to discuss how we can help you with your income, employment, insurance, and asset verifications.
It may be spooky season, but don’t let the risk of buybacks frighten you. Reports of falsified data are on the rise, and buybacks have become an increasing problem for mortgage lenders. Requesting paper paystubs or W-2s from the applicant may be your default method of verification, but it can be burdensome for both you and the applicant, and fake pay stub generators are easily accessible via the web. Scary! Third party verification of income through The Work Number® is one of the best ways to mitigate risk, helping to reduce potentially costly buybacks. Available for use by credentialed verifiers with permissible purpose under the FCRA, The Work Number database provides instant access to 163 million current employment records directly from 2.9 million employers and payroll providers. With buybacks on the rise, why use paper-based processes when instant GSE-approved options exist?
The 8 percent mortgage rate housing market is here, and it’s time for lenders to get lean and cut out complicated fluff. Truework is saving lenders $100 on every VOI/Eby connecting every major verification method into a single platform. With one-stop verification, you can verify income for 95 percent of applicants and replace expensive and clunky legacy systems. Now is the time to sharpen your processes and with Truework Income, lenders are accelerating applications and cutting verification costs.
Fannie Mae Earnings
This morning Fannie announced that it had $4.7 billion of net income for the third quarter of 2023, with net worth reaching $73.7 billion as of September 30. It is certainly being “recapitalized!” Net income decreased $295 million in the third quarter of 2023 compared with the second quarter of 2023, primarily driven by a decrease in benefit for credit losses, partially offset by an increase in fair value gains. Fannie acquired approximately 224,000 single-family purchase loans, of which more than 45 percent were for first-time homebuyers, and approximately 45,000 single-family refinance loans during the third quarter of 2023.
Tune in Today and Tomorrow
Today, Halloween, is the next Mortgages with Millennials with Kristin Messerli and Robbie Chrisman. Tune in every Tuesday at 10AM PT to the weekly video show designed to empower mortgage professionals to tap into the millennial market. This show demystifies the psychology of first-time homebuyers and offers strategies to win more market share with a key segment of the market. Sign up for a weekly reminder with the link to join and a sneak peek into the next episode. Top Millennial producer Sean Herrero is today’s guest.
A shout out to Lender Toolkit and its 2024 Supercar event in Las Vegas to kick off ICE Experience 2024 on March 18! The company is offering early bird discounts on sponsorships, but only until October 31. Imagine your logo on an exotic car with your clients and prospects behind the wheel. And yours truly will be doing a live podcast! To get the deal on sponsorships reach out to Brent Emler or grab the sponsorship form.
Join the AEI Housing Center for the 12th Annual AEI Housing Conference, today, Oct. 31st and Wednesday, Nov. 1st, both in-person and online.
Looking for more in-depth commentary on weekly mortgage news? Register here for “Mortgage Matters: The Weekly Roundup” presented by Lenders One. Every Wednesday at 2:00 PM EST/11:00 AM PT is a dive into a range of mortgage-related topics, including market trends, interest rate fluctuations, innovative mortgage products, and industry advancements. This week’s episode features Charlotte Brown, Qualia’s VP of Product Design, discussing pain points in the closing process and working with title and escrow.
Capital Markets
Both a big federal budget deficit and a clearer path for the economy to return to low inflation without a recession are putting upward pressures on interest rates that will likely persist into next year. The December fed funds futures are nearly certain there will be no change at this week’s meeting that begins today and concludes tomorrow, and the probability for a hike in December at the subsequent Federal Open Market Committee meeting has fallen from around one-in-three a month ago to one-in-four currently. We still have the jobs report on Friday.
We also have the quarterly refunding data this week with investors preparing for increased issuance on longer dated tenors, as Treasury officials attempt to offset a widening budget deficit. There was some intraday speculation yesterday that the quarterly refunding statement for the U.S. Treasury could show increased borrowing needs for Q3, but the release showed that the Treasury plans to borrow $776 billion in Q4, which is $76 billion below the estimate from three months ago. Keep in mind that the last few Treasury auctions didn’t go well, so the bond market will be sensitive to these.
Today’s busy month-end economic calendar is under way with the Q3 Employment Cost Index (+1.1 percent, slightly higher than Q2), where a 1.0 percent quarter-over-quarter increase was expected, the same as the prior quarter. Later this morning brings Redbook same store sales, August house prices from S&P/Case-Shiller and FHFA, Chicago PMI for October, Dallas Fed Texas services, and several Treasury auctions. We begin Halloween with Agency MBS prices better than Monday afternoon by .125-.250 and the 10-year yielding 4.82 after closing yesterday at 4.88 percent; the 2-year is at 5.03 percent.
Jobs and Transitions
“First Community Mortgage (FCM) continues to experience remarkable growth, having doubled our branch locations, spanning from coast to coast. Despite challenging market conditions, FCM continues to thrive, committed to expansion. As a state-chartered lender, FCM loan officers can originate in 48 states, unlocking a world of opportunities. Our dedicated transition team is ready to support you during your first 120 days, ensuring the journey to FCM is seamless and successful. Our unique business model is tailor-made to empower our leaders with the support and flexibility they need to cultivate their businesses and deliver exceptional customer experiences, yielding outstanding results and a significantly higher income potential. Our unwavering commitment to enhancing your experience shines through in our substantial investments in technology, aimed at simplifying your workload and unlocking your full potential for business growth. Come along with us and discover the possibilities. Contact Bret Head or visit us online.”
Brokers and correspondents should know that Arc Home, a leading Non-QM and Non-Agency lender, is delighted to announce the appointment of Brian Devlin as President. Brian brings more than two decades of diverse industry experience, making him the ideal leader to guide Arc Home through its next phase of growth. In addition to his role as President, Mr. Devlin is set to assume the position of CEO following a transition period with current CEO, Richard Bradfield, who will embark on new opportunities. Brian shared his excitement, saying, “Joining Arc Home is an incredible opportunity to collaborate with the best professionals in the industry. We’re committed to providing top-notch Non-QM and Non-Agency products, processes, and service to our valued clients.” To learn more, click here, or reach out to your Arc Home Account Executive. Find out why this leadership addition, along with our top-tier products and pricing, makes Arc Home your go-to partner for Non-QM and Non-Agency lending in 2024.
As part of its ongoing growth and expansion, top tier Third Party Origination Go (TPO Go) announced the hiring of Katie Plezia, Kim Kriel, and Brice Waterman as Account Executives who will be instrumental in driving sales production and operational excellence. Each brings more than twenty years of mortgage industry experience across all lending channels, including roles in sales production and management as well as operations management, and are regarded as top performers, having received multiple awards and recognition for sales production, including rankings among the top 10 AEs in the country for several consecutive years. Adam Millstein, VP and National Sales Manager shared, “Katie, Kim, and Brice’s passion for this business is evident and their respective patterns of success are enviable. They exemplify the type of people that we want and need to represent the TPO Go brand as we continue on our journey, and I can’t wait for the great things we’ll do together.” TPO Go is a national mortgage wholesaler, offering Fannie, Freddie, Ginnie, niche renovation lending products such as VA, 203k, Fannie Mae Homestyle and Freddie Mac’s Choice Renovation, USDA, VA, TPO GO 100/Chenoa, and a proprietary TPO GO first-time homebuyer program to brokers.
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Internal Audit, Verification, Broker, Marketing Products; Training and Webinars Next Week
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Internal Audit, Verification, Broker, Marketing Products; Training and Webinars Next Week
By: Rob Chrisman
1 Hour, 17 Min ago
The unofficial Chrisman LLC sarcastic slogan is, “We do this not because it is easy, but because we thought it would be easy.” Hopefully, there are no lenders out there with that slogan, as residential lending, done the right way, is not easy. Sometimes residential lending seems discombobulated. Sometimes things settle down and become more orderly: recombobulated! (Workflow and improved lender efficiency are the topics of today’s Mortgage Collaborative Rundown featuring Donielle Geiser with Thrive Mortgage.) Not only is our biz not easy but it is also unpredictable. 2024 is shaping up to be another tough year for mortgage originations due to the market environment, and every basis point will matter. Capacity still needs to be right sized across the industry, and the market and your competitors will force that to happen. Would you rather have profitability or market share? If you’re losing money what difference does market share make? If you don’t have a HELOC or 2nd program, find one. Even companies like Rithm Capital (parent of New Rez, doing about $4 billion a month and who have done better than expected) are forecasting a dismal Q4 and a challenging 2024. (Today’s podcast can be found here, sponsored by Visio Lending and its top notch broker program. Visio is the nation’s premier lender for buy and hold investors with over 2.5 billion closed loans for single-family rental properties, including vacation rentals. Listen to an interview between Robbie and me on the Commentary’s editorial process and its evolution over the years.)
Lender and Broker Software, Products, and Services
Are you looking for a cost-effective way to build your personal brand and capture demand in this challenging market? Do you want to be top of mind for the prospective home buyers in your market? If so, and you want a simple, easy-to-use suite of marketing tools to position you above your competition, then you need to subscribe to Tabrasa One! Tabrasa One is a brand new, all-in-one marketing platform with first-class marketing capabilities, from email marketing campaigns to impactful social media to leading-edge video to insightful market intelligence from our legendary Mortgage Market Guide, all rooted in a mortgage-specific CRM foundation. Tabrasa One can deliver unparalleled marketing impact for you at an unprecedented low cost. Sign up now: www.tabrasa.io.
In this market, hustle is everything. You can’t afford to waste a single deal… Or a single minute. That’s why ReadyPrice has launched Shop, Lock, Deliver. It’s an innovative platform designed to help independent mortgage brokers and their lenders save time and money. Now you can shop competitive loan offerings from multiple lenders, get rate lock guarantees in real time, receive underwriting findings, and deliver the borrower’s complete loan file to lenders, all on a single platform, at no cost to brokers. It’s already helping brokers around the country thrive and compete in the toughest market. Multiple lenders. One platform. Zero b.s. Come check us out today.
Get ready to energize your teams and learn new insights to win more business! Join Rocket Pro TPO with a live audience of 500 brokers Tuesday (11/7) at 1:30pm ET for their next IGNITE Live meeting, hosted by Executive Vice President, Mike Fawaz! Streaming from its All Access event in Detroit, find out how Rocket Pro TPO offers its partners more certainty, speed and expertise with Crews, the Credit Upgrade Team and the SOS Scenario Team, all dedicated to serve you. Talk to them to optimize your strategies around recent product changes including a Home Equity Loan CLTV/FICO expansion, more available census tracts for Purchase Plus and more LTV flexibility on VA, and up to 100% LTV on loan amounts over $1.5 million! Interested in learning more about a Broker or Non-Delegated Correspondent partnership? Contact Rocket Pro TPO to learn more.
Save $100 on every application with Truv! Orion Lending slashed their annual expenses by $300,000 and boosted their conversion rate by 32% using Truv’s income and employment verification solution. “Truv transformed our verification process, expanding our reach and cutting costs,” asserts Richard Plummer, EVP of Operations at Orion Lending. Stop the financial bleed. ContactTRUV today to discuss how we can help you with your income, employment, insurance, and asset verifications.
What’s an internal audit anyway and do you need one? An internal audit acts as a third line of defense for your mortgage operation. It provides comprehensive assurance based on the highest level of independence and objectivity to evaluate the effectiveness of management’s internal controls. This function should advise your mortgage operation on plans to achieve the company’s strategic, operational, financial and compliance goals. An effective internal audit should go far beyond just checking a compliance box; it should be an integral part of protecting your company. If you want to ensure you’re adhering to regulatory requirements and demonstrating good faith business practices, a Richey May internal audit is a good fit. If you’re looking to be Fannie Mae approved in the future or want to maintain your approved status, it’s required. If you’re unsure whether you need an internal audit, ask one of Richey May’s experts today or learn more here.
Training and Webinars Next Week
A good place for longer term conference planning is to start is here, and click on “events” for conferences in the future.
Today, Friday the 27th is The Mortgage Collaborative’s Rundown covering current events in the mortgage market for 30-45 minutes starting at noon PT, 3PM ET in “The Rundown”. Today’s features Thrive Mortgage’s COO Donielle Geiser.
Tuesday, Halloween, is the next Mortgages with Millennials with Kristin Messerli and Robbie Chrisman. Tune in every Tuesday at 10AM PT to the weekly video show designed to empower mortgage professionals to tap into the millennial market. This show demystifies the psychology of first-time homebuyers and offers strategies to win more market share with a key segment of the market. Sign up for a weekly reminder with the link to join and a sneak peek into the next episode.
A shout out to Lender Toolkit and its 2024 Supercar event in Las Vegas to kick off ICE Experience 2024 on March 18! The company is offering early bird discounts on sponsorships, but only until October 31. Imagine your logo on an exotic car with your clients and prospects behind the wheel. And yours truly will be doing a live podcast! To get the deal on sponsorships reach out to Brent Emler or grab the sponsorship form.
Join the AEI Housing Center for the 12th Annual AEI Housing Conference, Tuesday, Oct. 31st and Wednesday, Nov. 1st, both in-person and online.
Looking for more in-depth commentary on weekly mortgage news? Register here for “Mortgage Matters: The Weekly Roundup” presented by Lenders One. Every Wednesday at 2:00 PM EST/11:00 AM PT is a dive into a range of mortgage-related topics, including market trends, interest rate fluctuations, innovative mortgage products, and industry advancements. Listen to a unique mix of age perspective, expertise, and charisma to the screen, ensuring that the information is not only educational but also entertaining. This Wednesday’s features National MI!
The Knowledge Coop’s new membership platform offers all state and federal Continuing Education courses in an engaging and exciting video format that you’re sure to actually enjoy. Want to give yourself a sharper competitive edge? They also offer in-depth training on specific topics like VA Loans and FHA within their Coop Academy. Get access to industry experts and connect with other mortgage professionals all in one space. Use Code Chrisman10 for 10 percent off your first year of membership here.
Join the Appraisal Subcommittee (ASC) on Wednesday, November 1, from 10 a.m. – 1 p.m. ET for its third public hearing focused on appraisal bias, the residential appraisal process, and associated regulations. ASC provides federal oversight of state appraiser and appraisal management company (AMC) regulatory programs and monitors and reviews the Appraisal Foundation. The ASC is a subcommittee of the Federal Financial Institutions Examination Council (FFIEC).
Join MBA of Florida on November 2nd, 1:00 – 5:30 PM for a Loan Officer Summit at Orlando Museum of Art. Attendees will enjoy an interactive panel of top producing loan officers. This will be a moderated panel with opportunities for Q&A.
On November 2, the Montana Association for Mortgage Professionals is having a dinner at Stockman Bank in Missoula (321 W. Broadway).
Spend Time with the Best… Register for the MBAF LO Summit on November 2, beginning at 1:00pm at the Orlando Museum of Art. Enjoy interactive panel of top producing loan officers, conversation with realtors as they discuss best practices and relationship building in the real estate industry, Speaker Amir Syed of Growth Only Coaching plus networking and happy hour.
Become a Certified Veterans Lending Specialist, CoAMP is partnering with NAMB to bring their exceptional CVLS course to Denver on Friday, November 3rd, 8:30 AM – 5:00 p.m. Mountain Time. The certification training will cover VA lending basics in addition to advanced topics to set yourself apart. You will take the certification exam immediately following the course, upon passing you will be presented with your CVLS certification and marketing materials.
Friday the 3rd is The Mortgage Collaborative’s Rundown covering current events in the mortgage market for 30-45 minutes starting at noon PT in “The Rundown”.
Capital Markets
Higher rates. But rates are already high, and the bond market is doing the Federal Reserve’s rate-setting work for it. U.S. economic growth accelerated in the third quarter to a 4.9 percent seasonally adjusted annualized pace, signaling the economy remains resilient in the face of higher rates and still-elevated prices. That’s not necessarily good news for the Fed, as the central bank pumps the brakes on interest rate hikes in the wake of rising long-term bond yields and geopolitical turmoil. While persistent strength in demand could put the inflation descent in jeopardy, the report doesn’t change much for policymakers and the FOMC is still expected to leave rates unchanged at next week’s meeting while reinforcing the case for restrictive monetary policy near-term.
The overall Gross Domestic Product (GDP) figure was powered by strong consumer spending, which rose 4 percent, strong government spending, and a sizable build in inventories which bumped up the investment portion. It should also be acknowledged that the core Personal Consumption Expenditure Price Index was up 2.4 percent in the third quarter, slowing significantly from 3.7 percent in Q2 and 4.9 percent in Q1. Across “the pond,” the European Central Bank refrained from raising rates for the first time in ten meetings, noting that underlying inflation has eased and is expected to continue decelerating but ECB President Lagarde refused to say that the peak rate has been reached, adding that it would be premature to discuss rate cuts.
Fed favorite PCE for September kicked off today’s calendar (+.4 percent). The core Personal Consumption Expenditure price index increased .3 versus 0.3 percent month-over-month expected and 3.7 percent year-over-year expectations and 0.1 percent month-over-month and 3.9 year-over-year previously. Personal Income was +.3 percent and Personal Spending was Later this +.7. morning brings final October Michigan sentiment, remarks from Fed Vice Chair of Supervision Barr, and more earnings from Wall Street. We begin the day with Agency MBS prices unchanged from Thursday’s close and the 10-year yielding 4.86 after closing yesterday at 4.85 percent.
Jobs
Mortgage Equity Partners (MEP), a growing IMB headquartered in Massachusetts, continues to build upon its growth strategy. In addition to several recent high-caliber new hires on the sales and management team, MEP has done it again. Rick Dionne has joined the team as Vice President, Sales Business Development. Rick will use his extensive experience to help recruit best-in-class loan officers and branch managers and help them unlock their potential through branch partnerships. Rick has a wide range of industry knowledge obtained over many years in various management and leadership roles, most recently with Supreme Lending. MEP has also scored a big win in the Southeast by bolstering its presence in South Carolina under the leadership of Area Manager Jimmy Atkins. Jimmy is very well respected in the Southeast mortgage market and has held leadership positions at Gateway, Finance of America, and, most recently, Go Mortgage. Rick Dionne and Jimmy Atkins are top-level players in the mortgage space and will be instrumental in the continued growth of MEP. We are honored to have them on the team,” said John Cabral, Executive Vice President of Sales. To learn more about MEP, visit here.
UMortgage is proud to welcome Patton Gade, the nation’s #1 originator of VA loans, per the 2023 Scotsman Guide rankings, as its National Director of Military Lending. In his role, Gade will lead UMortgage’s Division of Military Lending and a team of experienced VA Loan Originators. This team is dedicated to offering the strongest loan products to VA borrowers and education to dispel the common myths surrounding the VA homebuying process. UMortgage is a proud homeownership advocate for our country’s veterans, active service members, and military families. In 2023, nearly 20% of the loans originated by UMortgage LOs were VA loans, well above the national average of 12% per the Congressional Budget Office. Joining an already prestigious team of VA-focused LOs which includes Jay Bunte, Jimmy Hobson, and Tyler Carlston, Gade plans to further increase the service UMortgage offers to our country’s service members. If you want to know why top producers continue to join the UMortgage platform to grow their business and create life-changing opportunities through homeownership, follow this link to connect with some of our standout LOs.
“Stronghill Capital, LLC, a fast-growing Austin, TX-based Wholesale and Correspondent lender, is hiring! We’re looking for experienced Account Executives with an existing book of business who are interested in growing in the Non-QM space. Stronghill specializes in investor residential/DSCR loans, offering unique programs specifically for investor clients. For our 5-10 Unit properties and our 2-8 Unit Mixed Use investment loans, we offer a DSCR ratio of 1.00. For 1-4 Unit properties, your investor clients can qualify using rental cash flow only with a DSCR ratio of 0.75. If you’re interested in being a part of a dynamic company with responsive leadership, sharp price execution, and a commitment to being competitive in the Non-QM space, contact Matt Brammer. As we continue to expand, we are open to discussions in all regions across the country.
Citizens has recently launched a nationwide Private Bank to help facilitate growth in wealth management, improve capabilities in the high-net-worth segment and expand in key markets. Citizens Private Bank will provide holistic, high-touch client service to high-net-worth individuals, families, and businesses, including private family foundations, nonprofit, multifamily and commercial real estate, life sciences, private equity, and venture capital firms. In an effort to better serve Private Bank clients, who often have unique mortgage needs, Citizens has enhanced its relationship lending capabilities to better reward customers for their business and are further evolving our already best-in-class products and services. We’re looking for talented mortgage loan officers who want to join a team who is playing offense and growing our capabilities each and every day. If you are looking to help customers achieve the dream of home ownership and want to learn more about Citizens, contact Sean Reilly or visit us here.
Logan Finance continues to set new Non-QM growth records in Q3! “We continue to see tremendous growth as the industry turns to us as the trusted, reliable partner in Non-QM lending,” says Don Pace, Logan CEO. “In addition to our high-touch service, we continue to expand our Non-QM product suite to encompass a broader set of niche lending needs.” To help support Logan’s tremendous growth, Logan has acquired industry veteran Aaron Samples as Chief Revenue Officer and continues actively hiring superstar account executives. Recent Logan family members include Jesus Gomez, Kelly Stovall, Will Clark, Chris Murphree, and Greg McDonell. If you’re a Non-QM Superstar and want to learn more about Logan’s growth, visit Loganwholesale.com and Logancorrespondent.com or contact Aaron Samples.
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Inside: Do you want to make money online fast? If so, we’ll discuss the best digital products to sell on Etsy. By following these steps, you’ll be on your way to making money selling digital items quite easily.
Do you want to learn how to sell digital products on Etsy and make money through it?
Selling digital products offers an exciting avenue for generating passive income. With their low production and distribution costs, high profit margin, and potential for scalability, they stand as a lucrative business model for many entrepreneurs.
Moreover, once a digital product is created, it can continuously bring in revenue without the need for additional production costs, making it an appealing source of passive income.
The key to being a successful Etsy seller is to understand your chosen niche and what your audience wants.
We will dive into digital products you could sell on Etsy which range from arts & crafts to business materials.
This post may contain affiliate links, which helps us to continue providing relevant content and we receive a small commission at no cost to you. As an Amazon Associate, I earn from qualifying purchases. Please read the full disclosure here.
What are Digital Products?
Digital products are items that are accessed and delivered electronically, examples of which include software, ebooks, online courses, digital music, video, and audio files.
These intuitive products offer the versatile benefit of being easily reproduced and instantly accessible on various devices, without the requirement of physical storage or shipping. Plus the world is moving towards becoming digital anyway.
In creating digital products, businesses aim to capitalize on customer appeal and convenient delivery, which often complement their physical goods or services.
Why Sell Digital Products on Etsy?
Selling digital products on Etsy offers an incredible opportunity to showcase and monetize your unique creations. With Etsy’s vast online marketplace and its millions of potential customers, it has become a preferred platform for artists, designers, and content creators.
Furthermore, it provides the flexibility to set your prices in accordance with the value you offer and experiment with different pricing strategies.
This is a hassle-free way to monetize your creativity. Here’s why:
You craft it once, it sells eternally: Digital products offer the ultimate advantage of a “create once, sell forever” model. Imagine sipping a cup of tea while your creation secures sales one after another.
Resource-friendly: Bid adieu to the restrictions of shipping, storage, or material costs. Instead, welcome the comfort of financial freedom and resource efficiency.
Everlasting stock: Digital products on Etsy never run out! Say goodbye to inventory issues and overselling, which makes it a smart choice for long-term business.
So, start now by creating an account, picking your digital product, setting up shop, and starting selling on Etsy. With no heavy fees and no botheration of shipping.
Just pure creative power leads to sheer earning happiness.
What digital products sell the most on Etsy?
Well, our data shows that digital prints, planners, stickers, fonts, and children’s educational materials are some of the best-selling categories netting serious cash on this creative marketplace. This information came from Cody and Julie – the founders of the e-Printables course.
Typically, seasonal content always does well on any platform. Same with current trends like the “Barbie” craze.
These products are a creative enthusiast’s goldmine owing to their limitless customization capabilities, instant delivery, and cost-effectiveness.
Wherein, most busy professionals, students, parents, and small business owners find them irresistible due to their convenience and adaptability to suit specific needs and tastes.
To learn more about selling on Etsy, I highly recommend connecting with Cody and Julie in their free webinar.
What digital download sells best on Etsy?
Among the myriad of digital products available,digital prints notably rank as one of the best-selling downloads on Etsy, closely followed by other popular items such as:
digital planners
logo designs
travel guides
business card designs
Lightroom presets
printable invitations.
A beautiful synergy of convenience, utility, and aesthetics, that can be printed at home or in a local print shop, whenever you wish. Perfect for last-minute gifters, DIY décor enthusiasts, or anyone looking for hassle-free beautification!
So, staying in the game, consistently monitoring market trends, and adapting accordingly is the key to successfully selling your digital prints on Etsy.
Best Digital Products to Sell on Etsy
The best digital products to sell on Etsy depend upon various factors, such as your skills, customer interests, and specific market trends.
It is also important to keep an eye on high-sales products, check positive reviews, track favorites, and note recurring themes to understand what customers are looking for and to guide your digital product offerings. This is a quick way to make 300 dollars fast.
Here are the examples of some of the best digital products you might want to sell on Etsy:
1. Printable or Digital Planners
You’ve hit the jackpot if you’re contemplating selling printable or digital planners on Etsy. Some people might say digital or printable planners are seasonal but due to the high demand and flexibility, it could be the golden goose for your marketing on Etsy.
Buyers love and enjoy the tailored usability offered by printable planners, which they can customize to their requirements and physically pen in their plans.
You can supply this demand by offering a large variety and aesthetically pleasing designs.
Tip: Try bundling in different types of stickers for a snappier offer.
2. Craft Patterns
Craft patterns are a top-ranking digital product on Etsy, thanks to a revival of all things crafty!
From knitting and crocheting to sewing and embroidery, these digital masterpieces cater to the abundant trend-setters and hobbyists who frequent Etsy.
To truly get your digital craft patterns thriving on Etsy, remember to follow the trail blazed by successful pattern sellers like these Etsy sellers. These crafts start from an average selling price of $10, making them a lucrative venture for creatives.
Lastly, don’t forget to unleash SEO magic – get your product seen by the right people especially when creating a sewing pattern or crochet pattern. This can be your missing element for transforming hard work into hard sales!
3. Children learning materials
Looking for a profitable side gig? Selling children’s learning materials on Etsy is wildly popular and well-needed especially for those homeschooling.
Parents and teachers are snapping up digital educational resources. By marketing printable lesson plans, colorful flashcards, and engaging worksheets, parent is hyped to supplement their children’s education.
This is a great summer job for teachers because your educational resources might just be the next best-seller on Etsy.
Crack open those lesson plans, as your Etsy store awaits.
4. Wallpapers
On Etsy, phone wallpapers are the new moneymaker. Provide colorful ways for customers to personalize their devices, these digital beauties are a hot ticket item.
To catch the widest net, cater to both phone and desktop users. You must keep up with trends. Also, creating wallpapers for Apple watches and other high-tech gadgets or themed designs for holidays is always a hit.
It’s a simple concept: stylish wallpapers have an average selling price of around $3-4.
5. Calendars
Venture to sell digital business calendars guarantees a steady demand, as planning isn’t just a phase – it’s woven into the fabric of daily life. To get started, unlock your artistic prowess with any digital art program like Adobe Photoshop or Canva.
Begin creating your unique touch on calendars, ensuring they’re editable pre-print- a clear selling point. Remember, quality trumps all – prioritize visually appealing designs with user-friendly formats.
Time to turn dates into dollars. Listing calendars in your Etsy shop certainly won’t go out of style or demand. Also, aim for the $5 – $10 price range to hit the sweet spot of affordability and profitability.
6. Invitations
Invitations are among the top-selling digital items on Etsy.
Customizable templates for various occasions like weddings, parties, baby showers, and more are particularly popular. It’s perfect for creative individuals skilled in design who are looking to turn a profit on their talents.
These digital products can provide a meaningful revenue stream. Some creators can charge up to $20 per customized item.
The bottom line is that selling digital invitation templates on Etsy doesn’t just allow for creativity, but it’s also a lucrative business opportunity.
7. Business cards
Catering to the surge of remote entrepreneurs and the timeless need for personal cards, this trend is something to tap into.
You can offer editable, customized, or even smart cards – with features like one-click phone calls or emails – which can give your shop an edge.
Through Canva or Wepik, you can design exotic templates, offering customers the control to personalize before printing. Turn on your creative juices, let your brand shine, and step up your entrepreneurial ladder with a business card template.
8. Wedding Invitations and Printables
To be honest, I actually created my best friend’s wedding invitations. Maybe, I should have stuck with the side gig to make 500 dollars fast?!?
Wedding printables are now the ‘go-to’ digital products. This isn’t just about a cute ‘Save the Date’; offers a hassle-free, all-in-one wedding stationery solution, ready to match every wedding theme under the twinkling lights.
Help the DIY couples by providing a bundle: wedding program, customized hashtag sign, table place cards, save-the-date cards, and even personalized portrait options with a delightful sign thrown in.
You can provide a seamless experience and watch the sales ring along with the wedding bells.
9. Journal Inserts
Are you a fan of journaling or love designing layouts? Well, it’s time you converted your passion into profit. Making journal inserts is one of the smartest digital products you can sell on Etsy.
Audiences vary from educators needing organized lesson and homework schedules or those seeking self-help and discovery questions.
For optimal selling, focus on providing a variety of designs and including white spaces for personal touches.
With an average selling price of $5, they appeal to smart shoppers who prefer to print inserts on cardstock paper.
10. Digital artwork
Digital artwork stands out in popularity due to the unique customization and selection variety it offers.
Customers are drawn to the ability to choose from diverse art forms, including watercolor illustrations, inspirational quotes, and Baltic or Bohemian prints, that perfectly align with their personal aesthetic or represent an emotion they resonate with.
Moreover, the availability of immediate prints post-purchase greatly increases the convenience and appeal of this artwork form.
11. Recipe cards
Do you love cooking and want to create delightful digital recipe cards for your customers? But, don’t stop there, look at creating a meal planner to bundle with!
A printable, editable canvas for food aficionados brimming with delicious details of recipe cards is a great product. These digital delights are perfect for amateur chefs, bakers, and recipe bloggers.
The takeaway is clear. Selling recipe cards on Etsy is as facile as slicing butter, once you’ve got the right ingredients and the perfect recipe. It’s time to turn the heat up on your Etsy store and dish out some delightful recipe cards.
12. Social media templates
Creating social media templates can provide significant value for businesses and influencers seeking to establish a professional and cohesive online presence.
These templates, which can include pre-designed Facebook banners, Instagram stories, Twitter headers, and more, can be customized to fit a variety of themes such as minimalism, boho, or pastel colors.
When well-crafted, such templates can save businesses valuable time and effort while also helping maintain consistent brand imaging across different platforms. This is similar to a business hiring a virtual assistant with no experience.
e-Printables Free ebook
Curious about selling printables on Etsy but don’t know where to start?
Get the secret list of best-selling products by month and learn you how to capitalize on seasonal trends to make sales.
Download Now
13. Printable Cake and Party Decorations
Selling printable party decorations as digital products on Etsy is like icing on the proverbial cake for smart entrepreneurs.
You can focus printable party decorations from charming cartoon-themed toppers for kids’ birthday cakes to exquisite, romantic pieces for weddings and anniversaries.
Whether you’re creatively inclined or have an entrepreneurial spirit spotting potential, these printables offer a loophole to financial growth. Bundle your decorations based on themes for enticing offers.
14. Zoom background
Thanks to the surge in remote working and virtual meetings selling incredible Zoom backgrounds on Etsy has emerged as a lucrative product in the digital landscape.
These tailored digital backdrops not only enhance the visual appeal of online interfaces but also cater to users’ needs to maintain privacy or conceal unorganized spaces.
However, you need to understand that creating Zoom backgrounds may not be beginner-friendly due to the required customization. However, do not let this intimidate you.
15. Productivity Trackers
People are constantly in search of practical, user-friendly tools to streamline their lives and make every hour count.
So, these productivity trackers are supremely versatile, covering daily routines, budgeting, goal setting, project management, and even grocery lists. Make your Etsy shop the one-stop shop for everyone’s needs.
As it becomes an increasingly popular choice to shift focus towards maximizing effectiveness in people’s daily lives. Whether it’s maintaining a workout routine, tracking investments, or staying on top of a student’s study schedule, these trackers cater to a wide assortment of needs.
16. Lightroom Presets
Lightroom Presets are essentially preset configurations that enhance a photo’s aesthetics, and folks from influencers to amateur photographers are keen to have them.
For starters, it caters well to the Instagram-obsessed demographic continually seeking to elevate their photo game. This venture is best suited for those who have a knack for photo editing and an understanding of aesthetics.
With an average selling price of $10, the numbers tip favorably in your Lightroom presets.
17. Etsy shop banners
Help out your new Etsy sellers by designing an impressive storefront with their shop banner.
Indulge your Etsy shop banners in various design themes suitable for a wide range of stores. Also, include a shop kit that makes store icons, a large and small banner, custom and reserved listing templates, and a profile picture graphic.
Promote your banner designing prowess to other sellers, so that you increase your brand awareness along Etsy.
When you have an awesome shop yourself, you are more likely to get sales!
18. Logos & branding kits
Move over, clip art! Logos and branding kits are in high demand as they fulfill the crucial need of every business that is striving for a unique identity.
Bundle your logos and branding kits or offer them individually to maximize your reach. Also, combining them with other digital products like media kit templates elevates your shop’s appeal.
This caters to diverse clients from Etsy sellers to businesses, influencers, and bloggers. Selling in this segment, you’ll never run short of market demand. Get ready to impress with your graphic skills, and ride the wave of this profitable venture on Etsy.
19. Thank you cards
This is a timeless product that is regularly used by businesses and individuals to express their gratitude.
Offering these thank you cards in digital, customizable formats can attract more buyers due to ease of customization and competitive pricing relative to store-bought alternatives.
You can also sell the same design on physical cards if you want for another revenue stream.
20. Fonts
In the world of businesses, creators, and crafters galore are on a relentless hunt for the perfect font that suits their needs. Where versatility is a font’s middle name – they can jazz up a brand’s website or add pizzazz to a party invitation.
Cricut fonts, in particular, are best-sellers. It is specially crafted for Cricut machines – a hit in the Etsy community of designers and makers.
Remember, the devil is in the (font) detail. Jump into the journey of digital font selling on Etsy and watch your typography turn into a treasure in no time.
21. Resume templates
Resume templates are handy, well-designed digital products are reportedly perfect for professionals keen on making their job applications stand out. It is mostly designed to suit particular sectors such as real estate or marketing.
After all, a well-structured resume could be the golden ticket to someone’s dream job – like one of these low stress jobs that pay well without a degree.
However, in my personal experience, the most successful templates are clean, professional, and neutral in color.
22. Invoice templates
You might think that cashing in invoice templates may seem odd, but these digital products offer ample sales potential on Etsy!
Their charm lies in their simplicity and frequently used nature by a wide range of businesses. Small business owners, short on time and design skills, frequently scout Etsy for professionally designed, eye-catching invoices – duly making it your prime market.
Transform invoice templates into a goldmine, with less likelihood of running into steep competition. With an average selling price of $10, you can surely earn money online quickly.
23. Website templates & themes
Are your web design skills a cut above the rest?
Leveraging your skills to create and sell website templates and themes on Etsy, and turn your talent into a tidy profit. This digital product must be customization-friendly with a range of applications, and cater to a broad audience—from small businesses to in-demand bloggers, giving them a sleek, professional online presence minus the design headache.
Begin by focusing on creating templates on popular website-building platforms like WordPress with a Kadence WP Theme. Make sure they serve a specific market, like photography websites or eCommerce stores, and ensure your products have unique, eye-catching designs that set them apart from the sea of competitors.
Remember, if your themes and templates are more unique and tailored. You can command, sometimes get a range of your product to $50.
24. Stickers
Stickers, both physical and digital stickers, are hot commodities on Etsy, cozily nestled among the platform’s top-selling items.
It also appeals to a large market spectrum, from social media users who love accentuating their chats with digital stickers, to fans of physical stickers decorating their belongings.
Remember, one major selling point is the editability of digital stickers, enabling customers to customize after purchase. Dial your creativity, pick a distinct theme, and roll out your sticker sets on Etsy – there’s a world waiting to stick onto your designs!
25. Bookmarks
Feeling bookish? Get your create-on and cash in on the thriving trend of selling digital bookmarks on Etsy.
Digital bookmarks, at a modest cost of $2 – $3 a pop, are gaining popularity as one of the easiest and fastest-selling digital products, thanks to their charm, practicality, and customized appeal.
Create an aesthetic touch on your reading escapades by hitting the serious tribe of bookworms. To amp up your sales and earn money quickly, don’t forget to add “personalization” options to your bookmarks.
26. Editable flyers
As demands surge, these feature-rich editable flyers become ideal for crafty entrepreneurs aiming to make a profit.
Most of your clients will be large markets comprising event organizers, business owners, and individuals who find convenience in ready-made editable materials.
Success in selling editable flyers on Etsy lies in understanding your target clientele’s needs, creating versatile and appealing designs, and offering top-notch quality. Kickstart your venture by preparing a wide range of attractive editable flyers.
27. Menu templates
Fresh out of the oven, menu templates are popular with restaurant owners to party planners who crave these editable, print-ready goodies.
These menu templates are flexible and can be tailored for cafes, restaurants, weddings, and even small business events. Therefore, begin by creating captivating designs–uniqueness sells and is editable for everyone who wants to customize it.
So preheat your digital oven – it’s time to serve up some mouth-watering menu templates on Etsy.
28. Gift tags
Digital gift tags on Etsy could light up your entrepreneurial path. With an average selling price of $5, these little printables have a big demand, particularly for special occasions like weddings and birthdays.
Ideal for individuals and businesses, this product can fit a myriad of needs from Christmas presents to children’s party favors. If you want to maximize your profits, focus on offering a wide range of designs that target different occasions and tastes.
Don’t forget to consider making a customization service that gives your customers a chance to tweak and add their personal touches.
29. Ebook Templates
Ebook templates have emerged as one of the most popular digital products on Etsy.
Beyond individual ebooks, sellers also offer a variety of creatively designed ebook templates, ebook covers, and materials for children’s books. With a target audience interested in arts and crafts, informative ebooks offer exceptional sales potential, especially those that provide professional knowledge in specific niches like graphic design or online money-making tips.
e-Printables Free ebook
Curious about selling printables on Etsy but don’t know where to start?
Get the secret list of best-selling products by month and learn you how to capitalize on seasonal trends to make sales.
Download Now
30. Fitness Trackers
Fitness trackers‘ popularity is booming as they cater to a wide array of tracking necessities beyond just gym visits or step counting.
This product helps monitor weight loss programs, home workout plans, and 30-day challenges, effectively, becoming a one-stop-shop for holistic wellness.
They are ideal for those aiming to enhance their fitness, sleep quality, and overall productivity. With an average selling price of $5, they offer an affordable solution to digital tracking needs.
31. Debt Payoff Trackers
Debt payoff trackers are fundamental tools for efficient financial management and debt reduction. They provide a concrete visual of one’s financial obligations and illustrate the progress made toward extinguishing each debt.
This encourages a consistent habit of payment and propels individuals towards financial freedom. However, cost should not be a barrier to good financial habits, which is why our website offers a wide range of high-quality debt payoff trackers completely free of charge.
While these are still popular on Etsy, you have to realize many people want free or extremely cheap.
32. SVG Files for Cutting Machines
Scalable Vector Graphic (SVG) files for cutting machines like Circut or Silhouette, are a crafter’s dream, making them a top-tier product to sell.
You can elevate your service by including a PDF tutorial or short video guide demonstrating the use of your product.
Ensure the functionality of your products by carrying out tests prior to listing.
33. Personalized Recipe Books
Being a foodie’s ultimate treasure, these recipe collections are perfect to tickle the taste buds of amateur cooks or pro food bloggers. Plus you can create recipe book templates to be used in Goodnotes or Notability.
Cultivate your online presence to spice up the sales of your digital recipe books.
From personal experience, I bought a digital recipe book because I didn’t want to create one myself.
34. Budget Planners
Budget planners are soaring in popularity, with these nifty tools averaging quite a tidy sum of $5-20 each. Its powerful design is both lucrative for sellers and beneficial for buyers.
In an increasingly digital world, these planners provide a seamless way to stay and stick on top of your finances. From the ordinary individual aspiring to save a penny or two to the business owner meticulously monitoring their profits and expenses. Some budget planner pros, like FRGLMAMA, have made over 60,000 sales!
Here’s a pro tip: Increase your profits by bundling your budget binder with envelopes and to-do lists. Users love the convenience and it saves them a search.
35. Wall Art
Calling all artists and designers with flair! Wall Art reigns supreme on Etsy – proving it’s not just a ‘dabbling’ industry, but a potential goldmine.
Remember, the ‘Home Sweet Home’ and ‘Be Kind’ style arts still hold their charm! Maximizing profits can entail providing add-on services such as printing and shipping.
Wall art downloads make great posters, especially for those who prefer to change up their decor often.
36. Gratitude Journal
Gratitude journals, with their guided prompts and questions, make hot picks for those striving for self-improvement or simply savoring the good in life. This little gem, flourishing in popularity, provides a thoughtful juncture for folks to reflect on the positive aspects of their lives.
This digital product is tailored for therapists, life coaches, stressed corporate followers, or anyone looking to light up their lives with gratitude.
Make sure to use keywords related to gratitude and journaling in your product description to maximize visibility.
37. Self Improvement Printables
People love these printables for their blend of practicality and inspiration by giving actionable tips, uplifting affirmations, useful trackers, and more.
These self-improvement printables are timely digital products that strike a chord with a growing audience keen on personal growth, self-care, and organization.
This product is perfect for those seeking self-help workbooks, motivational quotes, fitness planners, and even kid-friendly educational materials.
Is selling digital products on Etsy still profitable?
According to legions of online entrepreneurs, the answer is a resounding YES!
As the market for digital products keeps on growing, so does the profit potential for digital sellers on Etsy.
The startup costs are delightfully low – most of what you’re paying is merely for your product’s licensing and Etsy fees. After that, it’s all pure profit!
This method could be your ticket to financial freedom. So if you’re a creative at heart with a knack for producing digital gems, it’s high time you join the Etsy bandwagon to sell your valuable creations.
Etsy passive income isn’t just a haven for handcrafted goods – it’s also a hub for downloadable products from design templates to educational materials.
e-Printables Free ebook
Curious about selling printables on Etsy but don’t know where to start?
Get the secret list of best-selling products by month and learn you how to capitalize on seasonal trends to make sales.
Download Now
Now, What Digital Downloads to Sell on Etsy?
By now, you’ve embarked on an enlightening journey around the process of selecting digital products to sell. You have digested tips, explored examples, and refined your knowledge regarding your market, skills, and customer desires to ensure profitability.
So, let’s cut to the chase, find your product that fits the mold, craft an appealing product description, price it competitively yet profitable, and start making waves with your expertise in the digital market.
By coupling this post with the free training offered, you could be the next seller with digital products that are the next hotcake on Etsy! Will you be the next Etsy seller to learn how to make 10k a month?
Take your first step towards this entrepreneurial journey, and soon enough you could be reaping the sweet profits of your digital endeavor.
Now, start your listings and remember to believe what you have to offer is worth buying.
E-Printables Course
Are you ready to start selling on Etsy? Great!
Now, learn from the experts, so you are successful from the start. Learn everything else that goes into actually making money with this side hustle.
Spend time making products that have the best chance of selling.
Making printables is FUN, but it’s even more fun when it’s PROFITABLE!
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DSCR, CRM, Predictive Analytics Tools; Wholesale News; Application Volume Continues to Drop
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DSCR, CRM, Predictive Analytics Tools; Wholesale News; Application Volume Continues to Drop
By: Rob Chrisman
7 Hours, 43 Min ago
“What do you call a bovine with a stutter that makes chocolate milk? Cacao.” Speaking of sweets, hats off to Byte’s booth at the conference for dishing out some amazing s’mores brownies here in Philadelphia. (They will be my breakfast on my flight out this morning.) The brownies are sweeter than the upcoming credit report cost increases (there is definitely a shift to lenders having borrowers pay for credit reports up front, not eating the cost of reports run on loans that don’t fund), the search by IMBs for HELOCs and 2nds and jumbo outlets, the talk of distant future EPO (early pay off) penalties when rates decide to drift down, and continued over-capacity and cost cutting until then. That said, there is good news for existing homeowners trying to build net worth: house prices hit another peak in September per one measure. (Today’s podcast can be found, after 8 AM ET, 5 AM PT, here: Sponsored by nCino, maker of the nCino Mortgage Suite, built for the modern mortgage lender. The nCino Mortgage Suite unites the people, systems, and stages of the mortgage process. Hear an interview with Think Mortgage’s Anthony Focca on how originators are winning business in a tough rate environment.)
Lender and Broker Software, Products, and Services
Here’s a bit of an unusual ad, but what the heck? Here is a list of domain names available for purchase: DirectJumboMortgage.com, DirectFHAMortgage.com, BestRateMaryland.com, BestRateVirginia.com, BestRateVA.com, BestRateVALoans.com, and JumboPortfolioLoans.com. If you are interested in a discussion with the owner, contact David Horvath.
It can be a challenge for loan officers to keep past customers close while pursuing new business. Luckily, Percy does both with a personalized Home Equity Insights Report that keeps the lenders’ brand front and center. These valuable insights engage homeowners on how their equity can build wealth, lower debt, and finance important decisions. According to a NAR study, 85 percent of home buyers used their equity for their next purchase. By simply engaging past customers before they are ready to make their next move, lenders gain access to a sustainable source of purchase leads that keeps on giving. Percy lets lenders know when buyers are likely to transact again based on their activity and monitors how homeowners interact with the report to help them educate clients and retain relationships for life. Ready for the next level? Agent co-branding strengthens valuable referral partnerships. Learn how Percy’s delivers its clients an average 400 percent ROI.
“Looking for ways to save time as you originate loans? Navigating through intricate GSE regulations can consume hours of time. Access up-to-date regulations within seconds with Capacity’s GSE Search, powered by generative AI. In a simple chat conversation, just ask Capacity for specific guidelines from Fannie Mae, Freddie Mac, and more. Ready to optimize one of your most time-intensive tasks? Join us at MBA Annual today and streamline your operations with Capacity. Not at Annual but want to learn more? Schedule time with us here.”
The stars are aligning for Dark Matter Technologies with the appointment of Stephanie Durflinger as chief product officer. Already a powerful force in the mortgage industry, Dark Matter is amassing a team of top industry talent to propel mortgage origination to new frontiers with market-leading innovation in its popular Empower Loan Origination Platform and AIVA artificial intelligence solution, among others. Durflinger wields impressive industry cred, having previously served as SVP of product development at ICE Mortgage Technology and chief product officer at Sagent. She also sits on Board of MISMO and has earned the Accredited Mortgage Professional designation from the MBA. Follow Dark Matter on LinkedIn to keep up with its latest advancements.
“The game has changed when lending to business owners, thanks to Non-QM. Join us on Thursday, October 26 at 11:00 am PT / 2:00 pm ET for the next National Mortgage Professional Non-QM Townhall where we’ll dive deep into how to serve your self-employed borrowers best. This is presented by ACC Mortgage, Deephaven, and NewFi Wholesale. This invaluable series is moderated by Andrew Berman and features insights from Non-QM early adopters like Tom Davis, Robert Senko, and John Wise. In this edition, we’ll cover how the investment community views non-QM as well as share insights on how you can take advantage of strategies that are working today for business owners. Sign up for the Non-QM Townhall here.”
Understanding your costs in today’s market is crucial. Capital Markets Cooperative’s (CMC) partner, Teraverde, gives lenders more opportunities to improve their productivity and profitability. Teraverde provides diagnostic, prescriptive, and predictive analytics on a lender’s loan and financial data, helping them automate processes and hedge operating risk. In a recent webinar with CMC, Teraverde’s CEO, Jim Deitch, CMB, stated that lenders must evaluate their operational effectiveness, automate processes, and understand the cost of doing business. Contact CMC to learn how Teraverde and CMC can help you stay one step ahead.
As the year winds down, let’s acknowledge that wholesale lending has been a rare bright spot in the mortgage industry. Wholesale lenders bring unique products to the market that meet the unique needs of today’s borrowers. However, engaging with the mortgage broker community requires more than just emailing a rate sheet. Wholesale lenders need CRM technology to create a consistent sales process that maximizes broker engagement and generates a steady flow of loan submissions. OptifiNow recently released a guide that helps you identify the key CRM features that enables an effective sales process. Click here to download the free guide now and learn the proven strategies that wholesale lenders use to grow their volume.
“Long-term Rental or Vacation Rental? Visio Lending is the nation’s leader in Non-QM Investor DSCR loans for buy and hold SFR rentals with nearly a decade of experience and over $2.5 billion in originations. No-DTI, 30-year terms, rate buy downs, free 45-day rate locks; I/O and Sub-1 DSCR options available. Through our top-notch Broker Program, brokers are able to earn up to 2 points YSP, and 5 points total. Visio Brokers can count on a designated Account Executive and in-house processing.”
The Lender Toolkit and Lodestar Independence Block party kicking off the MBA Annual Conference in Philly on Sunday was a rousing success with huge attendance. There’s still time to book a meeting with us at the Lowes Philadelphia hotel today to learn about our mortgage automation solutions. With MBA Annual soon to be over, Lender Toolkit is gearing up for another great LTK Supercar Event to kick off ICE Experience 2024 in March. For those revving up their marketing engines for EXP24, Lender Toolkit is offering an early bird special on sponsorships, but only until October 31. Imagine your company’s logo emblazoned on a sleek supercar, and your key clients and prospects in the driver’s seat. In fact, don’t imagine it: check out snapshots from the 2023 event. Plus, Robbie Chrisman will be setting up a live podcast at the event. To join sponsors Lodestar and Lenders One, reach out to Brent Emler or grab the sponsorship form and shift into gear.
Wholesale News
“AFR Wholesale® (AFR) is excited to announce the next session of our Why Wait Live Webinar Series with Fannie Mae: Wednesday, October 25th at 2 PM EST. Please join AFR and Fannie Mae to discuss Renovation, where we will primarily be highlighting HomeStyle® Renovation. Over this series, AFR has been emphasizing affordable financing solutions that provide homeownership opportunities to more families. The goal is to take the prospects in your portfolio and turn them into borrowers. Have you looked into Renovation? With low housing inventory and higher purchase prices, this may be a great solution. Register Today! This will be a live webinar and a recording and will not be provided, so sign up today and don’t miss it! If you are currently a partner of AFR you can start utilizing this program right away! Build your book with AFR! Contact AFR by going to afrwholesale.com, email us or call 1-800-375-6071.”
Orion Lending is about to celebrate its 9th birthday, and as we reflect on our incredible journey, it’s the collective achievements with our outstanding broker partners during challenging market conditions that make this milestone truly exceptional. The partnership and unwavering support have been instrumental in our success. As we look ahead, we’re filled with excitement for the next 9 years and beyond. Stay tuned for more great things to come!
HECMs? Reverse mortgages from Plaza Home Mortgage® can present a great opportunity to open up new markets with REALTORS®. Here are some perks of a reverse mortgage as a potential option for senior clients: Long term security with a safety net (option of no monthly mortgage payment required). Retain key assets and secure their retirement plans. Utilize this program to buy-up and get more house than paying cash. If you have a reverse loan scenario, email [email protected] and get a full reverse pre-qual analysis or contact your Account Executive for more details.
PRMG Product Update 23-45 includes information on FHA Products – Clarified all loans with properties in condo projects must have HUD Form 9991 completed except projects not requiring project approval (HUD REOs) and Site Condos (as defined by HUD). HUD approved projects require sections 1-3 to be completed. Single Unit Approvals require sections 1-4 to be completed. USDA Standard and High Balance – Minimum credit score now 600 (was 620), Manufactured Home purchase transactions now allowed, including the pilot option for purchase of existing manufactured homes which is allowed in limited states and new manufactured homes. Manufactured Home pilot purchase option of an existing manufactured homes requires manual underwrite and is allowed in all channels.
Capital Markets
Amongst diplomatic efforts to prevent the Israel-Hamas war from becoming a regional conflict, U.S. Treasuries produced fresh 2023 closing highs in yields on all tenors yesterday, and a 23-year high in the case of the 2-year note. Spreads widened again as the UMBS30 basis strongly underperformed benchmarks following hotter than expected data, including retail sales and industrial production.
Retail Sales came in stronger-than-expected in September, rising 0.7 percent month-over-month and 3.8 percent year-over-year. However, these numbers are not inflation-adjusted and are closer to flat on an adjusted basis. If you strip out vehicles and gas, retail sales rose 0.6 percent month-over-month and 4.0 percent year-over-year. Total industrial production increased 0.3 percent month-over-month in September when it was expected to remain flat. The capacity utilization rate jumped to 79.7 percent, in-line with its long-run average. Manufacturing output remains soft and is likely to remain under added pressure as the UAW strike at the Big Three automakers drags on.
Today’s calendar kicked off with news that mortgage applications decreased 6.9 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending October 13, 2023. We’ll also receive housing starts and building permits for September. Later this morning brings a Treasury auction of $13 billion reopened 20-year notes, remarks from Fed Governor Waller, New York Fed President Williams, Fed Governor Bowman, Philadelphia Fed President Harker, and Fed Governor Cook, before the Fed’s latest Beige Book is released in the afternoon ahead of the November 1 FOMC decision. In the very early going, Agency MBS prices are roughly unchanged from Tuesday afternoon and the 10-year is yielding 4.85 after closing last night at 4.85 percent.
Employment
“Join us in celebrating the incredible achievement of our CEO, Susan Stewart, who has been honored with the prestigious Lowrie-Woodward Distinguished Service Award from the Mortgage Bankers Association (MBA). This award recognizes the dedication and commitment to the MBA and the mortgage lending industry in a variety of capacities, both legislative and regulatory. ‘Susan is a remarkable person and real estate finance champion who has for years made a positive difference through effective leadership, strategic thinking, and a ‘can do’ attitude,’ said Mark Jones, 2024 MBA Chairman. Leadership is more important now than ever before. Because SWBC Mortgage has the right leadership at the helm, we are able to navigate challenges with resilience, while continuing to grow in a down market. To learn more about career opportunities at SWBC Mortgage contact Scott Brown, EVP of Retail Sales, or visit here.”
“Ready to work smarter, not harder? Join us at PrimeLending Demo Day, your anonymous peek behind the scenes at how we’re revolutionizing the loan origination process. Discover the future of mortgage technology in action on Thursday, November 2, at 1 p.m. EDT/10 a.m. PDT. Get an exclusive look at how our innovative technology tools help loan originators build more relationships and close more loans, while saving time along the way. You’ll hear actual stories about LOs transforming the way they do business and realizing new levels of success. Don’t settle for the ordinary; become extraordinary with PrimeLending! Reach out to Nic Hartke now to reserve your spot and embrace a quicker, easier, and more rewarding path.”
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