Podcast Episode

764: 17 Surprising Businesses That Can Make Millions

The Side Hustle Show

Episode 764Oct 8, 202653 min

Who’s talking

2 speakers
Nick Loper38 min · 72%
Steve Chou15 min · 28%

1Transcript181 turns · 53 min

NL
Nick Loper0:00

In the next 60 seconds, 27 of your fellow entrepreneurs are gonna hire their next team member on Indeed. I'm excited to partner with Indeed for this episode, because when you need to find amazing candidates fast, think this is a job for Indeed Sponsored Jobs. Sponsored Jobs boost your job post in the search results so you can reach the people that meet your specific criteria who can help your business thrive. And here's what's kinda crazy. Sponsored jobs posted directly on Indeed are 95% more likely to report a hire than non-sponsored jobs. Spend less time searching and more time actually interviewing candidates who check all your boxes. Less stress, less time, more results. When you need the right person to cut through the chaos, this is a job for Indeed Sponsored Jobs. And Side Hustle Show listeners get a $75 sponsored job credit to help get your job the premium status it deserves at indeed.com/podcast. Just go to indeed.com/podcast and support our show by saying you heard about Indeed on this podcast. Indeed.com/podcast. Terms and conditions apply. Need to hire? This is a job for Indeed Sponsored Jobs. [upbeat music] Here are some surprising business ideas that can make millions. What's up? What's up? Nick Loper here. Welcome to the Side Hustle Show, because your 9:00 to 5:00 may make you a living, but your 5:00 to 9:00 makes you alive. We've got some wild ones to share today. And to help me out, he's the author of The Family First Entrepreneur. He built not one, but two super successful side hustles before leaving his day job. The creator behind the My Wife Quit Her Job website, podcast, and YouTube channel, Steve Chou. Welcome back to the Side Hustle Show.

SC
Steve Chou1:42

What's up, Nick? It's, it's been a while. It's been a hot minute since I've been on, and likewise.

NL
Nick Loper1:47

It has been a minute. We gotta re-kindle the, uh, business idea donation series that we, we had going [laughs] a couple years ago.

SC
Steve Chou1:53

Yeah. They always do well on my channel, too, actually, so yeah, we should do more of 'em.

NL
Nick Loper1:56

Very good. The first one that, uh, that you actually found, you actually found most of these, and I'm inspired by all of them, is gourmet hermit crab food, which I did not know was... I, I didn't know, really, people kept these as pets, but apparently there's a big enough market to support, uh, this company called Snout & Shell that sells gourmet hermit crab food.

SC
Steve Chou2:18

Yeah, so this is my buddy Meg. I met her at my annual e-commerce conference, the Seller Summit, and, uh, she wanted to get into the pet space, but, like, all the mainstream pets are, like, super saturated. You know, like dogs, cats. And so she found hermit crab food, and it's actually really [laughs] lucrative, 'cause really it's just a bunch of really inexpensive items that hermit crabs consume, it turns out, and it's all how you frame it.

NL
Nick Loper2:44

Yeah. Seafood, critters, seaweed, and flowers.

SC
Steve Chou2:47

[laughs] Exactly. And you know what's funny, is the way she's been marketing it, and I just caught her doing a live on this one. She dresses up as a hermit crab [laughs]-

NL
Nick Loper2:55

Okay. It gets people's attention

SC
Steve Chou2:57

... and pitches her product on TikTok, a- and it works. I mean, it's so niche that she owns the niche, and every pet owner wants to

2Episode notes

What do hermit crab food, glitter bombs, and dog sunglasses have in common? They're all real businesses making real money by solving weird, specific problems nobody else wanted to touch.

Steve Chou, from My Wife Quit Her Job, is back for his fifth appearance on the show, dating back to 2015.

He's the author of The Family First Entrepreneur, and he built two successful side hustles before leaving his day job.

This episode continues the business idea donation series Steve and I have done a few times before, the kind where we just brain-dump a bunch of fascinating, often ridiculous business ideas we've stumbled across.

Past installments include Episodes 657, 563, and 530 in the archives.

Tune in to Episode 764 of the Side Hustle Show to learn:

  • how niche pet products can quietly turn into multimillion-dollar businesses
  • why "waste" products like dung, lost luggage, and old furniture can become profitable inventory sources
  • how emotional triggers like fear, novelty, grief, and humor drive viral product sales

Full Show Notes: [17 Surprising Businesses That Can Make

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