Speedcube New Zealand

How I Started A $4,200/Month Competitive Puzzle Store Working 1 Hour A Day

October 7th, 2019
OLIVER JENKS
$4.2K
revenue/mo
1
Founders
1
Employees
Speedcube New Ze...
from Canterbury, England, United Kingdom
started
$4,200
revenue/mo
1
Founders
1
Employees
market size
$48.2B
avg revenue (monthly)
$232K
starting costs
$13.7K
gross margin
40%
time to build
210 days
growth channels
Organic social media
business model
content-library
best tools
LoyaltyLion, Paypal, Instagram
time investment
Full time
pros & cons
35 Pros & Cons
tips
2 Tips
Discover what tools recommends to grow your business!
platform
email
shipping
social media
payments
Discover what books OLIVER recommends to grow your business!
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Hello! Who are you and what business did you start?

My name is Oliver Jenks, 21 years of age. Managing Director of speedcube.co.nz, an ecommerce store selling speciality Rubik’s cube type “speedcube” puzzles.

Designed to be light, stable and easy to turn, the brands of puzzles we import and resell are primarily intended to be used for the popularizing competitive sport of ‘speedcubing’.

This sport is centered around solving different puzzle variants as fast as possible in official competitions governed by the World Cube Association (WCA). Our products have also resounded with people who simply enjoy fidgeting and playing with puzzles, even if they don’t know how to solve them or don’t wish to compete.

This business currently represents a substantial portion of my income and allows me a degree of financial flexibility whilst I complete my bachelor's degree. On average I spend around an hour a day working on the business. With an annual 5 figure profit and over 3,000 loyal customers, It is a damn good side hustle.

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