THis Side Hustle Spotlight Q&A features Wendy Wang, owner of F&J Outdoors. Her Pennsylvania-based company sells covers for outdoor furniture.
Image credit: Courtesy of F&J Outdoors. Wendy Wang.
What did you do before starting your side business? Why did you become interested in entrepreneurship?
Before starting my entrepreneurial journey, I was employed as an international trade specialist. However, I have always had a burning desire to create something that I can call my own. The lure of the independence and autonomy that comes with being your own boss was too compelling to resist.
When did you start your side hustle and where did you get the inspiration for it?
My entrepreneurial journey began in 2018 as a side hustle. The spark of inspiration was ignited by my personal experience. We have found that the outdoor furniture covers available on the market are far from satisfactory. They were either exorbitantly priced or the quality was substandard. We realized that there was a clear gap in the market for affordable, high quality outdoor furniture covers.
RELATED: She started a side job flipping furniture to pay off her $10,000 dental bill. Within a year, her income exceeded that of her full-time job, bringing her monthly income up to $37,000.
What was the first step you took to get your side hustle off the ground?
The first steps I took on this journey were methodical and well thought out. We have conducted thorough market research to understand the nuances of the market. We also spent considerable time sourcing high-quality materials that meet the expectations of our potential customers. Additionally, we have set up an e-commerce platform to facilitate easy and convenient transactions for our customers. A significant portion of my initial efforts were devoted to understanding the specific needs and preferences of our target customers.
What was the biggest challenge you faced when building your side hustle and how did you overcome it?
One of the biggest hurdles I faced was juggling a full-time job with my burgeoning side hustle. Additionally, managing the financial side of the business was a difficult task. However, I tackled these challenges head-on by setting clear boundaries, prioritizing tasks effectively, and gaining knowledge about financial management.
Related: I spent the past three years growing my side hustle into a full-time business. Here's what I learned.
How long did it take you to start earning a steady monthly income, and when did your side hustle income exceed your full-time job?
It took about a year for my side hustle to bring in a steady monthly income. After two years, my side hustle income exceeded my full-time job income. This was a pivotal moment in my decision to run my side hustle as a full-time business.
You've turned your side hustle into a full-time business. What is your current average monthly/annual income? What about during peak season?
Currently, F&J Outdoor is generating an average monthly revenue of approximately $66,000. This translates into annual income of approximately 8 million yen. During peak seasons, revenue can spike by up to 30%.
Related: Anyone can start a business. Experts can adjust the scale.
What advice would you give to other side hustlers who want to turn their venture into a successful full-time business?
Practice patience and persistence. It is important to continually learn and adapt to changing market conditions. Don't be afraid to take calculated risks. Turning a side hustle into a full-time business requires unwavering dedication, but the rewards that come with it are truly satisfying.