Corey Jeffreys turned an $800 investment into $3k in the first year and has been growing his business and adding more automated processes each year.
His entrepreneurial adventure began by exploring the world of real estate investing, when he happened upon a slightly different rental business model: inflatable bounce houses.
Corey started out renting a bounce house to his aunt as his first customer and doing all the labor himself, to where he is now with a virtual assistant from Upwork taking bookings and a delivery guy from Craigslist handling the delivery.
This is a very different side hustle from the online businesses we see more often, but Corey managed it with a small up-front investment and it set the cogs turning with possibilities of other industries this can be applied to.
Tune in to hear how Corey found his first customers, grew his business through word-of-mouth and online marketing channels, and hired help to automate his business processes and remove himself from the day-to-day operations.
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Learn:
- How Corey came up with the idea of renting bounce houses.
- The marketing methods he uses to generate sales.
- How he bootstrapped his business and turned an $800 investment into $3k in year one.
- How he removed himself from the day-to-day running of the business.
- The systems in place to handle bookings and payments.
- How he has grown his business year-over-year.
- Corey’s #1 tip for Side Hustle Nation.
Links:
- CoreyJeffreys.com
- Castles Float
- Craigslist
- Thumbtack
- Upwork
- Quickbooks
Download the Free PDF "Highlight Reel" from this Episode
With all of my guest's top tips and resources included.
Enter your email to access it now:
Success! You just unlocked the highlight reel from this episode ... AND over 200 other subscriber-only bonuses. Check your email for details :)
(If it doesn't show up in 5-10 minutes, check spam/promotions.)
You'll also receive my best side hustle tips and weekly-ish newsletter. Opt-out anytime.
Hey, Nick: Does Corey mention if he has customers sign waivers for injury or damage to the bounce house. I have a $1000 commercial grade bounce house that I have been using for personal use (every bday party/grad party/summer bbq for the next 20 years), but what has stopped me from renting it out is fear of injury or damage to the equipment. You mentioned Corey pays $1600 a year in insurance. At $120/rental I’d have to build some serious business before I made my money back. What did he do before he built the business to that level that the insurance demands were sustainable? Thanks! This is the last piece of the puzzle I need before fulling launching this side hustle that I’ve had in my back pocket for two years!
Hey KMack,
Feel free to shoot me an email at info@coreyjeffreys.com and I can let you know how I worked that aspect out.
wait, what? we all want to know… good question.
Hey Valeriya,
Yea all customers are required to sign a rental agreement!
I plan on trying my hand in real estate momentarily. That is, after I tighten up my side hustle marketing strategies.