I've run my side-hustle for years, but went full-force into it this past year after a layoff.
(I have a progress thread in my sig, but I stopped updating it when I realized I was posting and lurking as a way to feel productive.)
My goal has been a $5k month. With my scaled-back expenses and paying myself 30%, that covers all my bills and spending... so $5k/mo for me represents runway to keep scaling. I still haven't had that Toblerone! (Readers of my thread know what I mean)
My business now looks completely different now! This year I:
I have a lot to celebrate, but I'm starting to run out of money. I'm so dang frustrated! How come so many goobers seem to run successful businesses and I'm still struggling with what feels like a hobby?
/rant
(I have a progress thread in my sig, but I stopped updating it when I realized I was posting and lurking as a way to feel productive.)
My goal has been a $5k month. With my scaled-back expenses and paying myself 30%, that covers all my bills and spending... so $5k/mo for me represents runway to keep scaling. I still haven't had that Toblerone! (Readers of my thread know what I mean)
My business now looks completely different now! This year I:
- released a new product (cost $58, retail $230, so 4x markup)
- partnered with other companies to increase our audiences
- my Instagram is now a main source of new traffic
- FB Ads are no longer mysterious and always have a positive ROI
- Sales used to be about $700/mo (on good months). Now they are a consistent $1400 (except April and November which were both over $2500!)
- I now have systems in place for packing & shipping, managing inventory & ordering new product, and have great relationships in my industry
I have a lot to celebrate, but I'm starting to run out of money. I'm so dang frustrated! How come so many goobers seem to run successful businesses and I'm still struggling with what feels like a hobby?
/rant
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