428: Hot Tub Cash Machine: Zero to $1000s a Month

The Side Hustle Show

Nick Loper

Business, Education, Entrepreneurship, How To

4.7 • 1.6K Ratings

🗓️ 21 January 2021

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

You’ve heard of Hot Tub Time Machine, but how does Hot Tub Cash Machine sound?

That’s effectively the business model this week’s guest, Steve Nadramia.

Steve is a high school history and economics teacher in New York, and a listener of the show.

He reached out after our Thanksgiving episode, which touched on renting out attic space and even camper vans and semi-trucks as potential sources of recurring revenue.

His unconventional rental business?

Portable hot tubs!

Steve started a hot tub rental business to replace his summer job income, with the goal of earning $1000 a month. Today, he’s got 25+ tubs in his “fleet,” delivers them with his pickup truck, and is doing thousands of dollars in bookings every month.

Steve explained renting hot tubs is quite common in Europe, but doesn’t have much competition in the US yet.

Tune in to hear:

how Steve got the idea for this business
how he’s marketed and grown his business
the logistics of how it all works

Want more unconventional rental ideas?

Full Show Notes and PDF Highlight Reel: Hot Tub Cash Machine: Zero to $1000s a Month

Transcript

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0:00.0	What's up? What's up Nick? Loper here. Welcome to the Side Hustle Show because your idea of success might not coincide with your bosses.
0:08.0	Awesome show for you today with another example of an unconventional rental business.
0:13.6	Yes, there are assets other than traditional real estate
0:17.0	that can cash flow pretty nicely with lower upfront investments.
0:21.4	This week's guest is a high school history and
0:23.8	economics teacher in New York and a listener of the show who reached out after our
0:27.8	Thanksgiving episode which touched on briefly renting out attic space and even camper vans and semi trucks as
0:34.7	potential sources of recurring revenue. Steve Nodramia said he had a side
0:39.7	hustle that definitely checked the unconventional rental box.
0:43.7	Portable hot tubs.
0:45.4	How awesome is that?
0:46.7	Steve wrote that L.I hot tub rentals.com
0:50.0	has been a life changing side hustle.
0:52.2	He's got 25 to 30 of these things in his, quote,
0:54.9	fleet delivers them with his pickup truck
0:57.1	into doing thousands of dollars in bookings every month.
1:00.2	Stick around to learn how Steve got this idea, how he's marketed and grown the business,
1:05.0	and the logistics of how it all works.
1:08.0	Notes and links for this episode are at Side Hustle Nation.com
1:11.0	slash Hot Tub, all one word.
1:13.5	While you're there, be sure to download the free list of 24 other
1:17.1	unconventional things.
	...

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