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Business

Unexpected Opportunity Arises for Couple After Job Losses

A married couple, Rachel Calaj and Felipe Rochi, have found a way to grow their side business after losing their jobs.

I lost my job right before having my first child. My wife and I took the opportunity to level up our side hustle.
Source: Business Insider

A married couple in their 30s has found an unexpected opportunity to grow their side business after they both lost their jobs just before having their first child.

Rachel Calaj and Felipe Rochi run a wedding camcorder rental business that they started as a way to supplement their income. For his part, Rochi worked as an SEO supervisor with a second job in the same field until he was terminated in early June this year.

Meanwhile, Calaj had been working as a school psychologist on a contract basis through an agency, but her last contract ended in May, just after they found out they were pregnant. They had been trying to plan for their future and figure out how to make ends meet once the baby arrived.

Calaj wanted to stay home with the child, but that would require a significant reduction in household income. The couple was counting on Rochi's two jobs to support them during this time, but his termination just before their baby shower threw everything off balance.

The loss of their steady incomes had a major impact on the couple's financial situation, making it clear that they needed to find a new way to earn a living and support their growing family.

As they navigated this new financial reality, Rochi began exploring various job opportunities. He applied for numerous positions but encountered the frustrating wait that often comes with job hunting. The silence from potential employers was deafening, leaving him and his family in limbo.

In an effort to supplement their income, Rochi turned to his father's business as a possible solution. His dad owns a cleaning company, which presented an opportunity for them to earn some money on the side. With a baby on the way, they were eager to explore any avenue that could provide extra financial stability.

Meanwhile, Calaj was reaching out to her former employer in the hopes of securing part-time contract work. She had previously worked with the district and thought it might be possible to do some flexible hours. The couple was trying anything to increase their income at this critical time.

Rochi's entrepreneurial spirit soon kicked into high gear as he stumbled upon an innovative business idea. He watched videos showcasing a service where people could rent camcorders for weddings, and the owner would edit the footage afterwards. This sparked his creativity, and before even discussing it with Calaj, he took action by creating a website and TikTok account for their new venture, Pass the Cam.

With a burst of enthusiasm, Rochi quickly posted some videos to gauge interest in their service. He had previously experimented with various side hustles, including starting a newsletter that sent out job postings and developing a product called DooBagz, which was designed to help dog owners carry used poop bags.

The initial momentum behind their camcorder rental business was promising. The first client to take advantage of the service contacted Felipe and her husband on a Friday night in May, just as they were setting up their operation. They had been hoping for some interest, but this unexpected inquiry gave them a boost.

Felipe's husband was tasked with delivering a Sony 4K camcorder and memory card to the client. He made the purchase from a local camera store for approximately $1,100, which included a warranty, and then shipped it out on the same day. This timely response helped secure their first paying customer.

The couple soon found themselves handling more than just the equipment. With limited budget to hire an editor, Felipe's husband took on the role himself, drawing from his existing experience with video editing software. The client was pleased with the results, which gave them a much-needed confidence boost in their side hustle.

By the end of May, they had secured two additional clients, providing a welcome cushion against the uncertainty that lay ahead. This promising start helped alleviate some of the stress caused by Felipe's impending job loss, which would ultimately occur in June.

As the business grew, Rochi began to wonder if their hard work would pay off in the long run. They had set a goal of reaching 100 clients by the end of 2026, and it seemed within reach.

The couple's side hustle was showing promising signs, with over $50,000 in net volume earned since May. A significant portion of this revenue came from September alone, indicating a strong momentum. This growth has not gone unnoticed, as more camcorder rental businesses have started to emerge in the market.

Despite increased competition, Rochi believes there is still room for their business to grow. With millions of weddings taking place annually in the US, the demand for professional wedding videography services remains high. To stay competitive, they've implemented various strategies, including pricing packages slightly lower than their competitors and running regular promotions.

Their current package offerings include a starter package at $429, a core package at $699, and a deluxe package at $899. Each tier differs in terms of the type and number of camcorders provided, as well as the length of edited video and additional attachments like microphones and lights.

Calaj handles the operational side of the business, managing bookings, shipping logistics, and growing their inventory of cameras, the biggest expense for the company so far.

The husband of one of the company's co-founders is responsible for handling marketing efforts and serving as the main point of contact for couples who rent camcorders from them.

He also takes care of ensuring that each camera is properly set up with the right settings before it ships to customers, guaranteeing a smooth experience for those using their equipment.

In addition to these tasks, he works closely with editors to review their work and ensure high-quality output from the company.

This attention to detail extends to financial management, where he ensures that the business is making smart decisions about how to allocate its earnings.

The couple's decision to offer affordable camcorder rentals was partly inspired by their own experience of having a small, intimate wedding with close friends and family.

The couple's decision to offer affordable camcorder rentals was partly inspired by their own experience of having a small, intimate wedding with close friends and family. Now, they're reaping the rewards of their entrepreneurial venture, with business growth that's allowing them to sustain themselves without needing a second income.

As new parents, they've been able to devote more time to their camcorder rental service, which has been thriving. In fact, they're no longer actively seeking additional employment, thanks in part to the steady growth of their business. This development has given them peace of mind, knowing that their financial situation is secure.

The couple's success has also brought a sense of fulfillment, as they've been able to build something that belongs to them. They attribute this achievement to trusting each other and taking a leap of faith, which has ultimately paid off in the best possible way.

Facts based on reporting originally published by Business Insider.

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