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Notes from Chris
Episode 414
THEMES & TAKEAWAYS: Let's talk about profit margins! We had an episode (Ep. 412) a couple of days ago about artificial flowers for wedding ceremonies. I mentioned towards the end of the episode how this was really great because once he acquired his inventory he essentially has 100% profit margins—at least compared to a traditional florist who has to acquire these flowers over and over again on a daily basis. If you're curious about what your profit margins should be, check out the recap to learn more!EPISODES FROM THIS WEEK: Here's what we heard this week on Side Hustle School! Listen to this week's recap for a more comprehensive highlight reel.
- Ep. 408 - A Chicago-based architect makes access to classical literature easier for readers, raising $50,000 on Kickstarter along the way
- Ep. 409 - A sales agency manager transforms his frustration with online golf advice into a thriving niche website generating $5,000 in monthly income
- Ep. 410 - After receiving a “lame” marriage proposal, this former contractor sets up shop helping others create memorable proposal stories. Last year, she made a lot of people happy… and she also made $450,000
- Ep. 411 - This freelance illustrator did design work for Google and Nickelodeon, but after giving a talk at his church he decides to start a podcast—which now earns up to $70,000 a year on the side
- Ep. 412 - This project manager was astonished at how expensive a wedding could be. After shelling out a lot of money for his own, he starts a service to help engaged couples save thousands
- Ep. 413 - In need of cash to pay for a medical emergency, a Utah man experiments with creating and selling online design courses
