Weekly Recap: Crowdfunding Is Not a Business Model

Notes from Chris

Episode 624

THEMES & TAKEAWAYS: Today's update includes an anonymous comment from someone who had a very successful crowdfunding campaign. The campaign raised more than $100,000... but his business is struggling to maintain momentum just a few months later. Crowdfunding can be a wonderful tool for launching a product, but it’s not a business model on its own. You need to ask yourself: what will you do after the hype dies down? To hear more, check out today's Weekly Recap!

WHERE ARE THEY NOW: This is a new segment we're trying out with the help of side hustlers that we've featured in the past. Today, we have an update from Scott Mackes, who was featured on the show in Ep. 47. Listen to the Weekly Recap to hear from Scott himself! You can also check out his website, Strengths Mugs.

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. 618 - Before the boom of online shopping, this bird lover struggled to find quality products for her feathery friends. She decides to take flight herself, earning up to $250,000/year reselling supplies. Squawk!
Ep. 619 - A London receptionist rents out his photography equipment on a peer-to-peer sharing site… over and over and over
Ep. 620 - Two sisters living in New York City relive their childhood memories and create a personalized board game, earning $16,500 in the first four months
Ep. 621 - After using puppets to make sign language videos for her toddlers, an educator stumbles upon an underserved market
Ep. 622 - After making a simple change to the color of her custom-image rubber ink stamps, this interior designer and mother-of-three from Texas began earning $5,000 a month
Ep. 623 - Love the idea of a romantic evening, but don’t have the time to plan it? These best friends from Florida will take care of everything for you