Side Hustling #9 – Online Retailing

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When I first started this series my intention was to show people that there are a million and one ways that you can make money.  And that you can make that money in addition to your day job.  We have heard from a variety of people all doing different things to make money all with different goals.  This week we hear from Charlotte, who is a Side Hustling Superhero.  She is going to tell us about how she spotted a gap in the market and is now making money from it.

 

Tell us a little about yourself

My name is Charlotte and I like to keep busy which is handy as I always have a few side hustles on the go at one time. My goal is to earn enough money to speed up paying off debt and create a secure future financially so that I can give up my full-time job. I have a personal finance blog and run various side hustle businesses with my sister Natalie.

 

What’s your side hustle?

We have a few! Our newest one is a wholesale craft blanks business called BangOnBlanks.co.uk which I run with my sister.

 

What was your motivation for starting?

We started BOB out of necessity as we couldn’t find any UK retailers selling the items we needed for our craft business (BebeMakes) at a decent price and with reliable stock levels. We thought that if it was a issue for us then it would be an issue to other crafters too, so we decided to become the solution to the problem!

 

How much time do you put into it?

It can vary week to week depending on how many deliveries we have coming in. A normal week would have my sister working most evenings from around 8 pm to sometimes 1/2 am in the morning. I work Monday, Wednesday, Friday from 7 pm-11 pm and most weekends. If a big delivery has come in then she will work all day and have people come in to help pack customer orders and I will sometimes take holiday from my full-time job to help out if needed. Our Facebook group is monitored throughout the day by whoever is near their phone.

 

And what sort of money are you making?

Since launching in late March we’ve averaged at least £10,000 in sales each month. The level of profit varies each month depending on the products coming in/going out.  We also invest a good chunk back into the business and buying stock in.  I’d say the amount I ‘take home’ each month ranges from anywhere between £300-1000, which isn’t bad for a part-time job!

 

What’s the highlight been so far?

Having our first massive delivery come in of a product that we had manufactured ourselves. It was 6000 water bottles and it took up most of my sisters house whilst we packed them back up to go out to customers but it was amazing to be able to say we did it.  No small feat for a business that was just 5 month sold at the time!

 

How about the biggest challenge?

Timings! Working out how long our shipments will take to reach us from whatever country they’re coming from and then how long it’ll take to get through customs. Knowing how long it’ll take us to check all the items off on a delivery and then re-package to go back out to customers.  Fortunately we’re getting better at this each week and I’d say we’ve nearly got it perfected so that we can manage customers expectations.

 

What would you say to someone considering a similar route?

Start small. Reinvest all the money you can spare.  It feels painful now especially when you’re working so hard and want to reap the rewards but is worth it and your future you will be grateful.

 

What does the future hold for this venture?

We’ve just got keys to our first business premises.  A small storage unit where we can store stock and work on order picking.  We’d like to move to a bigger unit the size of a shipping container by early 2019, if not before.  By the end of 2019 we aim to be needing to rent a small industrial unit or workshop!

 

And where can we find you?

Blog – http://www.CharlotteMusha.co.uk

Insta – https://www.instagram.com/charlottemusha/

Facebook – https://www.facebook.com/CharlotteMusha

Twitter – https://twitter.com/charlotte_musha

Etsy Shop – https://www.etsy.com/uk/shop/BebeMakes

 

Are you feeling inspired yet?

I find Charlotte’s story so inspirational.  For many of us, myself included, it is so easy to criticise a business or website and say that you could do it better.  What Charlotte has done is acted on those words and she is reaping the rewards.  Clearly such ventures take time and commitment, but she proves that with the right attitude you can make it work.  Thank you, Charlotte!

 

Got more questions?  Comment below!

 

Disclaimer:  Remember the information you read here does not represent advice.  Any ideas or suggestions are just that and may not work for you.  Read the full disclaimer here.

Side Hustling #9 - Online Retailing. This week we hear from Charlotte about her business Bang on Blanks. Learn how she is making money and beating debt with this side hustle. #makingmoney #debtfree #sidehustle

Posted by Charlotte Jessop

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