3D Printing as a Side Hustle|Nikko Mendoza - a podcast by Cody of Fly to FI and Justin aka Saving Sherpa
from 2020-06-30T07:00:50
Today's episode features Nikko from Nikko Industries.What a cool and unique guest who is on his way to making $250k this year off his 3-D print business.
This business was no easy task as Nikko didn't become a U.S. citizen until he was 25.
What started as Nikko just trying to be an awesome dad, quickly turned into a life-changing money endeavor.Listen, learn, and let us know what you think about this awesome episode.
Episode SummaryNikko's Background
Nikko's parents were not good with money
Nikko and his family immigrated to theUnited States
At a young age, he made a vow that he would not be the same way
He would provide and be smart with his money for him and his childrenDue to being an immigrant, he wasn't able to think about college or many things until he was 25
Nikko joins the military after getting married and becoming a citizenThen he realizes how much more money he could make on the outside
From there he takes a traditional commercial role but keeps an eye on entrepreneurshipNikko's Entrepreneurial Journey
Nikko talks about all the failures he had along the wayHe had so many setbacks that at one point he just quit
But then things turned around for himHe says, When I stopped chasing money, money started chasing me
Nikko says you really have to love what you do to be successfulThe business venture that really turned things around for him was 3D printing
Birth of Nikko IndustriesNikko's drive was to find something that helped him enjoy his time with his kids
His son loved things like Thor and Iron Man etcNikko came across someone on Instagram who had printed pieces to a costume
He put the 3D printer on the back-burner for a month to make sure he was seriousAfter a month he couldn't stop thinking about it and bought one
He started by building a community and youtube channelThen he started looking to actually sell products
Scaling a BusinessNikko admits that he doesn't know how to design these products from scratch
He leverages others to make the designs and market itHis biggest skill is delegation and making sure he's tapping into the right products
His 1st year he made 50k in revenue2019 his revenue grew to $130k
In 2020 he's on pace to make over $250k in revenue
Most of this revenue is just off of the digital filesHe says that he spends about 4 hours per week
And now he's coaching others to build 3D printing businesses
Then a person can take these files and use their own printer to make themNikko also has a big focus on giving back
During the Covid outbreak, he was printing free face shields for frontline workers
Key TakeawaysStop Chasing the Money: Nikko talks about how things started turning around when stop solely focusing on the money.
Maximize Your Skills: Nikko never designs a file yet makes so much money on them, he uses his skills of delegation to the maxCall to Action
Just go educate yourself in 3D printing. Whether it's Nikko's side hustles, medical advances, or even housing solutions, it's such a cool topic that everyone should check out.
Join the CommunityWe’d love to hear your comments and questions about this week’s episode. Here are some of the best ways to stay in touch and get involved in The FI Show community!
Sign up for our exclusive newsletterJoin our Facebook Group
Leave us a voicemailSend an email to contact [at] TheFIshow [dot]com
If you like what you hear, please leave a rating/review!The FI show on iTunes
The FI show on AndroidCheck out our Partners
We are completely obsessed with tracking our net worth to understand our current financial positions (you should be too). Instead of spending dozens of hours adding up all our assets and subtracting our debts, we use a free service called Personal Capital.This free, easy-to-use portfolio management tool aggregates all of your financial data ...
Further episodes of The Financial Independence Show
Further podcasts by Cody of Fly to FI and Justin aka Saving Sherpa