KellyConnect is Hiring Work from Home Now in the US! Join Now!
banner
المشاركات

Broke Mom to $1.63M Selling Custom Magnets

Riken Maharjan

  • Sariah Howell

  • Founder, Memory Magnets Co.
  • $1,630,000 revenue in first full year

Sariah Howell was pregnant, broke, and never saw her husband. He was stocking shelves at a grocery store making $14/hour.

📝 From a recent interview…

What could I do on the side from home that could just bring in an extra couple hundred a month?

She’d made a goal to print more family photos. Googling ways to display them, she came across custom photo magnets and a machine that made them.

Put the machine on a credit card and started selling at local farmers markets.

That first month, I think I made a little over $1,000. Not that that’s a crazy amount, but to us that was a lot.

The numbers are 🤯

  • Cost per magnet: $0.35
  • A 9-pack sells for $25
  • That’s ~87% margin on materials alone

First full year: $1.63M in revenue, 30–40% net margins – after labor, booth fees, and lower-margin product lines like DIY kits 🤑

Then she discovered weddings. At her second market ever, a couple kept coming back with more photos. Spent about $225. At the end of the day they walked up and asked…

We’re getting married in a couple months. Would you ever consider being a vendor at our wedding? 💍

A 3-hour wedding gig looks something like this…

  • Revenue: $1,200 to $3,000
  • Total costs: ~$500 (materials, gas, two staff)
  • Net profit: ~$1,500

There are 2.5M weddings per year in the US. Almost none of them have a magnet vendor 👀

I don’t think it will ever be oversaturated. Even here around me, there are a ton of people that have these kits. But how many weddings, how many events? There’s just so much room in this industry.

Total startup cost: under $1,000 for a machine and printer. Go find your nearest farmers market and see if anyone’s already doing this 😎

إرسال تعليق

Cookie Consent
We serve cookies on this site to analyze traffic, remember your preferences, and optimize your experience.
Oops!
It seems there is something wrong with your internet connection. Please connect to the internet and start browsing again.
AdBlock Detected!
We have detected that you are using adblocking plugin in your browser.
The revenue we earn by the advertisements is used to manage this website, we request you to whitelist our website in your adblocking plugin.
Site is Blocked
Sorry! This site is not available in your country.