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The Side Hustle Show

589: How a Simple Idea Turned Into a $50k a Month Side Hustle

The Side Hustle Show

Nick Loper

Business, Education, Entrepreneurship, How To

4.71.6K Ratings

🗓️ 7 December 2023

⏱️ 48 minutes

🧾️ Download transcript

Summary

Lou Rice was breastfeeding her son Archie one night when disaster struck—she dropped her Kindle on his head! While that experience was upsetting for both of them at the moment, it sparked an idea for Lou and her husband Ben to create a solution. Ben fashioned a silicone strap with staples to attach Lou's Kindle to her hand and prevent any future dropping incidents. Lou tested it out over the next month and absolutely loved having the grip and security of the strap for comfortable one-handed reading during those long middle-of-the-night feeds. And thus, their side hustle, strapsicle.com was born—a company now generating over $50k a month selling their innovative Kindle straps. Not only that, but Strapsicle is on pace for its first-ever 6 figures after recently going viral on TikTok and Instagram. Tune in to Episode 589 of The Side Hustle Show to learn: How an accident sparked a successful product idea Why micro-influencers were key for visibility How early demand was validated before production How diversified sales channels have inherent strengths Full Show Notes: 589: How a Simple Idea Turned Into a $50k a Month Side Hustle New to the Show? Get your personalized money-making playlist here! Sponsors: Ladder – Get instantly approved for term life insurance—no doctors, no needles, no paperwork! Masterclass — Get 15% off an annual membership! Factor — Get 50% off America's #1 ready-to-eat meal delivery service w/ code sidehustle50! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

How a simple idea turned into a $50,000 a month side hustle.

0:05.0

What's up, what's up, Nick Loper here?

0:07.0

Welcome to the Side Hustle show, part of the entrepreneur podcast network,

0:11.0

because your 9 to 5 may make your living a bunch of 5 to 9 makes you alive.

0:15.0

Awesome! Side hustle for you today.

0:17.0

Actually one that started on maternity leave. My guest is a longtime listener whose business was inspired by dropping a Kindle reader on her son's head while breastfeeding.

0:27.6

You never know what inspiration is going to strike.

0:30.1

So she and her husband said, hey, there ought to be a way to make this thing less slippery.

0:34.9

And before long, they come up with a simple silicone strap that goes on the back of your Kindle device.

0:41.7

And this business just hit its first six figure a month from

0:46.2

Strapsicle.com Lou Rice. Welcome to the Side Hustle show.

0:51.5

Hi Nick, thanks for having me.

0:53.0

You bet, I really appreciate you reaching out with this story.

0:56.0

It is a good one.

0:58.0

Your listener only bonus for this week is my list of 25 e-commerce niche ideas to get your creative juices flowing because I think you could borrow

1:05.6

Lou's Playbook with a different product and build that into a new income stream.

1:09.7

You can grab that at side hustle nation.com slash Lou-O-U, or just follow the show notes link

1:15.4

in your episode description.

1:16.8

I'll get you right over there.

1:18.2

I want to start at the beginning.

1:19.5

So you drop this thing on your newborn's head,

1:22.2

obviously probably upsetting for him and then you're

...

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