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Man Works 20 Minutes A Day & Makes Rs 3.8 Crore Annually With His Side Hustle Of Candles!

Meet Francisco Rivera, a 26-year-old Orlando resident, who turned his passion for organic candles into a successful business venture. Through his Etsy shop, he managed to generate an impressive $462,000 (about Rs 3.8 crore) in sales within a year.
IT Worth Desk Updated on Apr 22, 2024, 13:53 IST

With the job market taking a massive hit across the world, many people are turning to business, no matter how small. Those who have retained their jobs and are still building a side hustle for rough-weathered days.?

There¡¯s no guarantee that all of such people are tasting success but nonetheless, those who are have been serving massive inspiration.?


This Man Made Rs 3.8 Crore With His Side Hustle Of Organic Candles

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Meet Francisco Rivera, a 26-year-old Orlando resident, who turned his passion for organic candles into a successful business venture. Through his Etsy shop, he managed to generate an impressive $462,000 (about Rs 3.8 crore) in sales within a year.

Also Read:?What Is Better ¨C Paying Loan EMIs For Your Own Home Vs Renting A House?

He Made This Money By Working Only 20 Minutes A Day!

Rivera, who used to work part-time as an online tutor, started his entrepreneurial journey in 2023 when he noticed a decrease in demand for tutoring services. Inspired by a YouTube video about print-on-demand (POD) side hustles, he decided to create an online business. Using tools like Canva for design and Printify for POD services, he handled design, online listings, and manufacturing and fulfillment outsourcing.

Unsplash

Rivera's Etsy shop yielded profits of 30% to 50% per sale after deducting expenses like Etsy fees and marketing costs. What's surprising is that Rivera mentioned his business requires minimal time investment; he spends only 20 minutes a day on research and design. Reflecting on his journey, he expressed to a media outlet, "I¡¯m making more than I ever have, and doing less than I ever have."

It¡¯s Not All Hunky Dory As He Does Face A Big Challenge!

Rivera highlighted the low-risk aspect of print-on-demand, mentioning that his business model is easily replicable. He chose candles as his niche due to their potential for growth and popularity as gift items on Etsy. However, he also pointed out challenges within the business, such as people replicating his designs and phrases, which he considers a significant downside. Rivera expressed, "The biggest downside of this side hustle is copycats ¨C people who use the same phrases or very similar designs."

Also Read:??Mukesh Ambani's Rs 40 Crore Convoy Includes Rs 10 Crore 'Bomb-Proof' Car

IT Worth Desk

News that matters from the world of business, start-ups & entrepreneurs. We trace the extraordinary tales of ordinary people who are worth it!

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