428: Hot Tub Cash Machine: Zero to $1000s a Month
You’ve heard of Hot Tub Time Machine, but how does Hot Tub Cash Machine sound?
That’s effectively the business model this week’s guest, Steve Nadramia.
Steve is a high school history and economics teacher in New York, and a listener of the show.
He reached out after our Thanksgiving episode, which touched on renting out attic space and even camper vans and semi-trucks as potential sources of recurring revenue.
His unconventional rental business?
Steve started a hot tub rental business to replace his summer job income, with the goal of earning $1000 a month. Today, he’s got 25+ tubs in his “fleet,” delivers them with his pickup truck, and is doing thousands of dollars in bookings every month.
Steve explained renting hot tubs is quite common in Europe, but doesn’t have much competition in the US yet.
Tune in to hear:
- how Steve got the idea for this business
- how he’s marketed and grown his business
- the logistics of how it all works
Want more unconventional rental ideas?