#2195 - Q&A: “My revenue has plateaued at $180,000/year…”
Side Hustle School
Chris Guillebeau
4.7 • 3.3K Ratings
🗓️ 4 January 2023
⏱️ 6 minutes
🧾️ Download transcript
Summary
Today’s caller has built her side hustle to a thriving brand. They’re earning about $50,000 a year on $180,000 in sales. But even though that’s great, they have a problem: the business isn’t growing.
Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
Show notes: SideHustleSchool.com
Email: team@sidehustleschool.com
Be on the show: SideHustleSchool.com/questions
Connect on Instagram: @193countries
Visit Chris's main site: ChrisGuillebeau.com
Read A Year of Mental Health: yearofmentalhealth.com
If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | This episode is brought to you by Slack. With Slack, you can bring all your people and |
| 0:05.9 | tools together in one place. It's your digital HQ where you can increase productivity, |
| 0:11.1 | enable flexibility and automate workflows. Plus, Slack is full of game-changing features |
| 0:16.7 | like huddles for quick check-ins or Slack Connect, which helps you connect with partners |
| 0:20.9 | inside and outside of your company. Slack, where the future works. Get started at |
| 0:26.9 | Slack.com slash DHQ. Hey, what's up? Chris Gellibot here with Side Usual School. Thanks for |
| 0:43.1 | tuning in today. I've got a listener question about making more money. Wait a second, that's |
| 0:48.6 | what every episode is about. One way or another, not just making money, of course, but growing |
| 0:52.7 | your side hustle, growing your small business, doing something to produce more options and |
| 0:56.3 | possibility for you. But, of course, there's so many different ways to look at that question. |
| 1:00.3 | So today, let's see what we've got here. Working with a partner, today's caller has built her |
| 1:06.4 | side hustle to a thriving brand. They're actually doing really well. They're earning about |
| 1:10.5 | $50,000 a year in net income on about $180,000 in sales. So it's two people. So even though |
| 1:18.2 | it's great that they're earning $50,000 a year, they would like to earn a lot more. They |
| 1:22.2 | would like their side hustle to grow into a sustainable business that is growing and hopefully providing |
| 1:26.7 | even more of an income. So basically, what we have here is a common problem. It is a problem |
| 1:31.5 | of plateauing. You can start something well. It grows well for a while, but then it comes |
| 1:36.7 | to this point where it doesn't really grow beyond. I've actually seen this in my own |
| 1:40.5 | businesses over the years. You're good at building to a certain level, but then you get stuck. |
| 1:45.0 | So what to do? What are you doing in this situation? I'm going to give a quick shout out to our |
| 1:49.7 | sponsor. Thank you so much, sponsors. And then our listeners detailed question. Hey, friends, |
| 1:54.9 | side hustle school is brought to you by Shipstation six years and counting going into year seven. We |
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