How She Made Over $300,000 Wrapping Gifts: A Side Hustle Success Story
'I Just Hustled': How Michelle Hensley Earned Over $300,000 Wrapping Gifts
Source: Entrepreneur
Background and Pillars of Resilience
- Michelle Hensley faced a life-altering event when her husband, a pastor, passed away from cancer in 2014, leaving her to support her family alone.
- At 50, she experienced an identity crisis and was unsure how to manage finances or find work.
Turning Grief Into Action
- After initial struggles, she hired a financial coach who encouraged her to explore entrepreneurship.
- Despite her hesitation due to grief, she pivoted to a familiar area: creating gift baskets.
Building Nifty Package Co.
- Hensley launched her luxury gift basket and wrapping service, Nifty Package Co., in 2015 as a side hustle.
- She learned through experience, particularly about pricing and managing a business.
Growth and Innovation
- Inspiration struck during the 2018 holiday season, leading her to start a gift-wrapping service that leveraged unused resources like her van.
- She quickly garnered clients willing to pay for premium wrapping services.
Clientele and Revenue
- Today, Nifty Package Co. serves high-profile clients, including celebrities and corporations, emphasizing quality and personalized service.
- The business achieved over $316,000 in sales last year, with gift-wrapping services representing 68% of revenue.
Franchising Opportunities
- Hensley is exploring franchising to expand her business model, providing support for new licensees.
- The company employs over 20 staff locally and 60 throughout the U.S., focusing on supporting diverse communities.
Continued Vision and Values
- Nifty Package Co. thrives on its mission to "bring joy" through thoughtful gifting, ensuring every client feels valued, regardless of the size of their order.
- Hensley’s story exemplifies resilience, innovation, and the power of community support in entrepreneurship.