At 23, she began a side hustle for quick cash : Now it pulls in over $1 million monthly

-

At 23, she began a side hustle for quick cash : Now it pulls in over $1 million monthly and boasts celebrity fans.

At the age of 23, she launched a side hustle with the goal of making some extra cash. Today, the business rakes in over $1 million monthly and has garnered a fan base that includes celebrities.


https://shorturl.at/aexF3

                                    CLICK FOR MORE

 

Katherine Watercutter, now the founder and CEO of activewear brand Gold Hinge, began her entrepreneurial journey while working as a sales representative in Indiana. Initially facing challenges, she navigated the hurdles with discipline and learning, eventually achieving seven-figure revenue months. In this Side Hustle Spotlight Q&A, Katherine shares insights into her journey.

 

**Background and Inspiration:**

While working as a sales representative, Katherine, driven by her entrepreneurial spirit, started Gold Hinge as a side hustle at 23. The brand gained traction on TikTok, attracting celebrities like Kristin Cavallari and Kaitlyn Bristowe during the "RushTok" trend, accumulating 40 million hashtag impressions and multi-million sales.

 

**Starting the Side Hustle:**

In 2018, Katherine conceived the idea, launching Gold Hinge in January 2019. She initiated the journey by creating a Shopify store, establishing a website, and building an Instagram presence.

 

**Challenges and Solutions:**

Facing early cash flow challenges due to minimal external funding, Katherine nearly closed doors multiple times. Overcoming this hurdle involved obtaining a line of credit and a business credit card. Discipline, learning, and monitoring finances were crucial in navigating these challenges, leading to consistent growth.

 

**Revenue and Growth:**

Gold Hinge didn't generate revenue initially, and Katherine only started paying herself in 2021 after dedicating 80-90 hours weekly for a few years. Consistent revenue emerged around 2021, marking approximately three years since the business's inception. By 2023, the brand transitioned from six to seven-figure monthly revenue, reaching eight figures in total.

 

**Running a Full-Time Business:**

Being in control of day-to-day operations and the future is Katherine's favorite aspect of running Gold Hinge as a full-time business.

 

**Advice for Aspiring Entrepreneurs:**

Katherine's advice emphasizes persistence. Despite setbacks, she encourages others not to give up, emphasizing the importance of problem-solving in the dynamic world of business.

 

In summary, Katherine Watercutter's journey from a side hustle to a successful business highlights the perseverance, challenges faced, and strategic decisions that paved the way for Gold Hinge's remarkable growth.


Comments

Post a Comment

Popular posts from this blog

Hustle And Earn:How I Transitioned from Two Jobs to $49,000 in Passive Income

-
Image
 Hustle And Earn:How I Transitioned from Two Jobs to $49,000 in Passive Income     In 2016, I found myself juggling two demanding roles: senior web developer and adjunct professor. To make ends meet, I took on freelance web development projects on the side. Despite my expertise in web development, I lacked knowledge about running a business.   Building Multiple Streams of Passive Income Fast forward to today, I've successfully established over 10 passive income streams. These include various e-commerce brands, a YouTube channel, and an online school, collectively generating around $49,000 monthly. Through this journey, I've garnered valuable insights into creating profitable ventures.   Debunking Common Myths About Side Hustles and Passive Income To aspiring entrepreneurs, I always emphasize debunking prevailing myths that hinder success:   Myth #1: You Need to Spend Money to Make Money Contrary to popular belief, one doesn't necessarily require substantial...
Read more

Alice Everdeen's Journey: Embracing Life on the Road and Thriving in Remote Work

-
Image
Alice Everdeen 's Journey: Embracing Life on the Road and Thriving in Remote Work. A millennial ditches office life for a school bus, revealing the costs and freelancing success in six figures.                                                 CLICK FOR MORE A Leap of Faith Alice Everdeen, a 32-year-old adventurer, left her desk job at an Austin-based supplement company in 2020 to explore the country in a school bus. Discover how this decision transformed her life.   From 9-to-5 to Freedom   Everdeen reflects on her past office job, where long hours yielded dissatisfaction. Now, as a digital nomad, she shares her experience of making $130,000 annually through freelancing while enjoying the flexibility of remote work.   Embracing the Nomadic Lifestyle   Joined by her partner Jared and their dog, Everdeen shares the joys of traveling since September 20...
Read more

A Year of Job Hunting in Australia: From Zero Interviews to Success – The Resume Makeover Story

-
Image
  A Year of Job Hunting in Australia: From Zero Interviews to Success – The Resume Makeover Story                               CLICK FOR MORE   Baishakhi Connor, a professional with seven years of experience in tech and investment banking, found herself navigating the Australian job market after being laid off during the financial crisis. Despite her global career background in India, the UK, and Hong Kong, breaking into the Australian job scene proved challenging. After a year-long job search, she successfully landed a position in Melbourne, but the experience prompted her to reevaluate her resume strategy.   Background and Job Market Entry   After facing a layoff during the financial crisis, Baishakhi Connor, having recently married an Australian, decided to relocate to Australia. Despite her extensive work experience globally, breaking into the Australian job market proved to be a formidab...
Read more