The Koerner Office - Business Ideas and Small Business Deep Dives with Entrepreneurs How This 23-Year-Old Profits by Renting Out 200 Used Washers and Dryers. Ep. #102
Dec 9, 2024
Kyler Liston, a 23-year-old entrepreneur from Orem, Utah, transformed a $30k investment into Utah Appliance Rental, a booming business renting out washers and dryers. He shares valuable insights into the transition from renting recreational equipment to essential appliances, emphasizing market validation via Facebook Marketplace. Kyler discusses the financial perks of renting versus buying, the importance of customer focus, and the impact of flexible side hustles, all while navigating the ethical responsibilities in the rental industry.
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Nine-Square Success
- Kyler's first business involved renting a high-quality nine-square game set.
- He made a significant return on his $800 investment, proving his entrepreneurial spirit.
Start Simple
- Start simple, don't overthink legalities initially.
- Focus on getting customers and receiving payment.
Market Validation
- Validate business ideas by posting on Facebook Marketplace.
- Seek feedback from the market before scaling.