I turned my side job into a £375,000 business – my sister and I only invested £75
TWO sisters have revealed how they turned their hobby into a £375,000 business, in the wake of Jennifer Lopez.
Jen and Jocelyn invested just £75 into the business, which now generates £1,026 a day.
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Jocelyn started making candles as a hobby and gave them as gifts to her colleagues.
As her passion grew, she decided to start a Kickstarter to get some funding so she could make the candles on a larger scale.
However, when she got sick, she developed food poisoning and called in Jen to help her.
“She said if I helped her finish the Kickstart, we could start a business together,” Jen said UpFlip.
Read more stories about extra income
The duo then started their own company, RxLA, making candles in their kitchen, which they sold at farmers markets on the weekends.
They started with a combined budget of just £75 and earned as much as they could.
“All the money we made, we completely reinvested because we had regular jobs,” Jen said.
During Covid the sisters opened their own store, like all markets were closed.
However, they described it as a “money-guzzling venture” and said it cost them a lot of money to keep the store running.
“We got a lot of new customers, but it was just too expensive,” Jen says, adding that the sisters decided to close the store after the pandemic was over.
After two years, Jocelyn decided to quit her job to focus on the candle business full-time. Another year later, she convinced Jen to join her.
“We were so busy and I was working 70 hours a week, so I had no choice and just went for it,” Jen said.
Jen advises anyone considering starting their own business to use AI when building a business.
How to start your own business?
Dragon’s Den star Theo Paphitis revealed his tips for budding entrepreneurs:
- One of the biggest barriers that aspiring entrepreneurs and business owners face is a lack of self-confidence. You have to believe in your idea — and more than that, be the one to bore your friends to death with it.
- Never be afraid to make decisions. Once you have an idea, the confidence to make decisions is crucial to starting and maintaining a business.
- If you don’t take calculated risks, you’re standing still. If a decision turns out to be wrong, identify it quickly and act on it if you can. If you can’t, find someone else who can.
- It’s okay not to get it right the first time. My experience of making bad decisions has helped build my confidence and made me who I am today.
- Never underestimate the power of social media and remember that the internet is an equal opportunity for small businesses.
- Don’t forget to dream. A machine can’t do that!
She said, “You can literally tell AI to build an entire company for you, and then it comes up with a name and a scent for candles.”
She added that it’s important to think about reinvesting money into your business so you can buy better equipment and improve operations.
RxLA now makes most of its money from online sales, and Jen and Jocelyn also make perfume, incense and diffusers in their warehouse.
The company earns a whopping £375,000 a year and Jennifer Lopez has been spotted buying the candles.
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