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Nairaland Forum / Entertainment / Celebrities / My Side Hustle And How To Do It? (midnight Confession) (288 Views)
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My Side Hustle And How To Do It? (midnight Confession) by KingsleyLoadedB(m): 11:13pm On Sep 19, 2018 |
My side hustle is Amazon selling, and I make $60K-$80K a year in profits. It’s quite a high number for a side hustle, but let me explain. When I started this business, I started with $500 because that’s all I had. I had to make something out of it because I was tired of working a terrible job and needed to find other sources of income so I could either quit that job or take fewer shifts. Fast forward a few years, and I’m on track to do my first six-figure year by the end of 2017. At first, it felt like I was making a quick flip and it would be over soon. But I’ve validated this method, and I can’t express how amazing it feels. I didn’t grow up rich, and it was quite a struggle financially my entire childhood. I write about this a bit more in my small Quora blog. Growing up; I always followed Larry Ellison’s quote. “I have had all of the disadvantages required for success.” And so I think a lot of people fall into this category but just don’t know where to look for success. The way I operate this business is straightforward. For example, I buy a $20 nerf gun from Walmart or a distributor. Usually, these items that I flip are on clearance. This same nerf gun sells on Amazon for anywhere between $50-$100. Scaling this is simple since thousands of items go on sale and clearance every week. Things like cookware, clothing, toys and just about anything that sells on Amazon. I know this sounds like an elementary idea but these same basic ideas go onto make millions. Look at Post-it notes or the Snuggie. Throughout my years of selling on Amazon and teaching others how to do the same, I’ve realized two things: 1. A lot of people think the market is overcrowded or saturated. This is partially correct, but when you look at how much inventory sells on a day to day basis for the top 100,000 products in the 35+ categories on Amazon, you’ll quickly understand as to why this market will never be as saturated as you think. If you can manage to sell on fifty of these listings, which is realistic, you can generate upwards of tens of thousands of dollars a month. To Finish this story.. Visit.. https://kingsleyloadedblog.com/forums/forum/trending-gists/ https://kingsleyloadedblog.com/forums/forum/trending-gists/ |
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