Taking Your Side Hustle to a Full-time Gig | Episode 43

getting started podcast Nov 10, 2021

 

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Have you thought about taking your subscription box business from a side hustle to a full-time gig?

It’s absolutely possible. I did it and so have many members of Launch Your Box. 

But… 

Before you quit your full-time job or make any major changes to your business, you need to ask - and answer - some questions. And you need to get really comfortable with your financial details, business and personal. 

Take your time and get real about what your goals are. Are you currently working 40/50/60 hours a week and want to work less? Do you want to make more income than you have been? 

 

The truth is, you can get there. But you’ll need to make a plan and work that plan. Start by asking yourself these four questions: 

  1. What is the income you need to replace? 
  2. What is the survival income you need to cover your bare bones expenses every month? 
  3. What portion of that survival income can be covered by someone else (spouse, parents, roommates)? 
  4. What is the initial investment you’ll need for your business (products, supplies, packaging, tech)? 

 

Understand that your business will need to be profitable before you can pay yourself. That takes time. It took me 9 months before I was able to pay myself a regular paycheck. 8 ½ years later, I pay myself a very nice salary and also pay the salaries of more than 20 employees. 

Join me for this episode as I take you on my journey from tiny side hustle making $200 a month to where I am now, running two multi seven-figure businesses, answering those questions, knowing my numbers, and making careful decisions every step of the way.  

Learn from me:

  • Subscription Box Blueprint eBook: This $10 ebook covers logistics from product selection to packaging to shipping. Plus a 90-day launch plan and bonus ‘Instant Scripts’ for your social media.
  • Launch Your Box: My complete training program that walks you step by step through how to start, launch, and grow your subscription box business.
  • Launch Your Box Podcast: I share tons of practical tips and strategies to help you start, launch, and grow your subscription box business. You’ll also hear from industry experts and current Launch Your Box members who are crushing it - get ready to get inspired!
  • One Box at a Time: Inside my book One Box at a Time, I show you the steps you need to follow to start and launch your subscription box. To turn your dream into reality. This book is filled with proven teachings, valuable resources, best practices, and action steps for you to take.

 

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