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Started By
Message
This 17-yr old earns $4.2K per month running a local neighborhood Geek Squad business
Posted on 9/27/22 at 11:03 pm
Posted on 9/27/22 at 11:03 pm
quote:
My 17-year-old neighbour is making $4,200/mth from his side hustle.
And it takes him 3 hours a week.
• the hustler is Cooper, a tech-savvy teenager
• the business is a "neighbourhood Geek Squad"
1/ How it works
On-call tech support for everything around your home, like setting up a new modem or figuring out why your Sonos stopped working.
2/ Who it's for
Targeting an older demo of 65+.
They have money to spend and gadgets to fix.
3/ The revenue model
It's $99/mth all-in and he currently has 42 clients. There are some parameters around what is and isn’t included. But I don’t know the details.
4/ How he runs it
It's just him and occasionally a buddy helping him out. Customers can call, text, or email and he mostly works evenings, 6p-9p.
Typically makes 4 house calls a week.
5/ What do I think
This hustle’s so hot I gotta crank up my A/C.
First off, he had me at recurring revenue.
My heart skipped a beat.
Second it’s flexible. Set your own hours, choose a max number of clients, and create the ground rules for servicing.
Third, it works for a teenager with a few hours a week or a professional working a full time job.
Plus, there are a TON of ways to grow and improve this simple business.
LINK
Sounds like a smart kid. He should go pitch his company on Shark Tank:
- Mark Cuban would probably value the company at 10x revenue and offer $300K for 50% of the company, but the kid has to take the offer in the next 7 seconds.
- Mr. Wonderful most likely offer would be $100K of debt for 15% of the company and he would take $99 per month from each of this kid's 10 oldest customers and then the royalty would go away after he has been paid back his $100K.
- Lori is out as she can't sell Geek Squad services on QVC.
- Barbara is well....just out.
33
Posted on 9/27/22 at 11:13 pm to Street Hawk
quote:
he would take $99 per month
Normal people aren't paying that. Glad he found a bunch or rich old people to scam.
Best Buy offers same thing for $200 a year.
Posted on 9/27/22 at 11:15 pm to Street Hawk
quote:
It's $99/mth
Posted on 9/27/22 at 11:16 pm to Street Hawk
Posted on 9/27/22 at 11:17 pm to Street Hawk
Someone brought a similar idea to SharkTank and they ran him off.
Posted on 9/27/22 at 11:18 pm to DiamondDog
Or you can have what some people call - a son - I do this crap for my parents for nothing and have for 20 years.
Posted on 9/27/22 at 11:19 pm to Street Hawk
quote:
he would take $99 per month
That’s a no for me, dawg
Posted on 9/27/22 at 11:20 pm to Street Hawk
Let me know when he upgrades his old person scamming to include phone calls and gift cards.
Posted on 9/27/22 at 11:26 pm to tterrific
I don't get the per month model. Why would anyone need this every month. He's screwing stuff up so he has to keep going back. Old people don't have that many "gadgets"
quote:Sounds about right
Targeting an older demo of 65+.
This post was edited on 9/27/22 at 11:28 pm
Posted on 9/27/22 at 11:35 pm to sqerty
quote:
I don't get the per month model. Why would anyone need this every month. He's screwing stuff up so he has to keep going back. Old people don't have that many "gadgets"
As someone who did this kind of hustle when I was younger, old people never stop having questions and they usually don't understand how to just google it. It's not "broken" stuff that he's going back for, it's constantly having different new inquiries about general usage. The "per month" model works because he gets recurring income and the customers don't have to worry about being nickel-and-dimed individually for all the general things they need.
Good for him but I just don't have the patience to go to Carol or Barbara's house so she can pull out her notepad with a list of questions about photo management
ETA: My father has a lot of retirement aged business contacts who still ask about me. Apparently they all say they're willing to pay whatever it takes for a decent honest person for general computer support type of stuff. So I believe the kid can do really well, but I don't think the model would scale up well, once it's the general public and karens and not gramps being patient with a kid he will have more stress than he could ever imagine. But for a kids hustle it beats mowing lawns.
This post was edited on 9/27/22 at 11:44 pm
Posted on 9/27/22 at 11:38 pm to Street Hawk
Id want to hide that from the IRS at 17
Posted on 9/27/22 at 11:38 pm to Street Hawk
I can’t express enough how unrealistic and unsustainable this business model is.
Posted on 9/27/22 at 11:42 pm to Street Hawk
I appreciate his entrepreneurship and thinking outside of the box, but there’s no way people can have that much crap go wrong for $99/month.
He needs to just charge them a service fee. Not a monthly subscription
He needs to just charge them a service fee. Not a monthly subscription
Posted on 9/27/22 at 11:51 pm to Street Hawk
quote:
Targeting an older demo of 65+.
quote:
he currently has 42 clients.
Posted on 9/27/22 at 11:54 pm to Street Hawk
Financial crimes against the elderly
This kid should try some Nigerian scams to these same old bags
This kid should try some Nigerian scams to these same old bags
This post was edited on 9/27/22 at 11:55 pm
Posted on 9/28/22 at 12:21 am to Street Hawk
Committing elder fraud at 17 is a bold move.
Posted on 9/28/22 at 1:13 am to Street Hawk
The jackpot will be when the old people die and it turns out that he was written in their wills.
Posted on 9/28/22 at 1:34 am to efrad
quote:
Good for him but I just don't have the patience to go to Carol or Barbara's house so she can pull out her notepad with a list of questions about photo management
This would be my issue. You know he gets calls daily asking what happened to the Google and where to find the text message icon on their phone. I’d go insane dealing with the idiocy.
Posted on 9/28/22 at 4:27 am to Street Hawk
He found a way to scam old people out of $1200/year
I don't hate him for it but targeting people above 65 and charging and unnaturally large rate because you know they don't know a fair price is pretty shitty.
But it's not his job to teach them economics, so good for him I guess
I don't hate him for it but targeting people above 65 and charging and unnaturally large rate because you know they don't know a fair price is pretty shitty.
But it's not his job to teach them economics, so good for him I guess
Posted on 9/28/22 at 5:14 am to Street Hawk
100 bucks a month? Pass.
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