On Monday, I took a look at some side hustles that I thought were good ideas. And then on Wednesday, I told you about side hustles that suck more than winter in Antarctica. If you’re here for the first time, go check those out. Today, I’m going to take a closer look at a couple side hustles I think most anyone reading this
sack o’ crap great blog can start and be successful at.
Here’s the deal when it comes to certain industries, especially ones people do part-time. For the most part, the quality sucks. People are mostly content with the money they make from their 9-5, and so they don’t put a whole lot of effort into the side hustle. If something comes up, the side hustle automatically gets the boot. This leads to your customer(s) possibly getting upset and crying, because they are giant babies.
If you can do your side hustle as seriously as most people take work and there’s a market for it, I guarantee you will be successful. It might not happen soon, but if you stick with it, I know good things will happen. I’ve seen too many people completely half-ass their side hustle and still get success with it to think otherwise.
Buying and selling
You wouldn’t think so in 2015, but markets are still relatively inefficient. There are irrational people everywhere, almost begging for you to take advantage of them. I mean, check this out.
Is the person bidding just that bad at exchange rates, or do they really have the mental capacity of a 9-iron?
There’s countless opportunities to exploit this. Take the example I told you on Monday, video games. There are a lot of people who have these old games in their attic that are collecting dust, and no way to find the buyers who will pay top dollar for them.
Here’s what you can do. You find these games, and then flip them on eBay. Easy, peasy, and likely pretty profitable if you make sure not to pay too much. That’s step one, which you can take pretty far. You can cruise eBay for stuff that’s undervalued, or put ads in places that old people hang out, like the newspaper.
That’s a fine business, but why not take it up a notch? Go online and build yourself a website dedicated to retro gaming. Keep at it long enough, and you’ll build up a following that will not only buy from you, but will potentially pay you a commission to find them certain items that they’re too lazy to find themselves.
There’s also the potential to open up your own shop on a website like that — using other people’s inventory to supplement your own — or to sell ads. It might not be as potentially lucrative as something like pimping payday loans, but there’s still potential.
This doesn’t just work with video games. If you like fashion, do the same thing with thrift store finds. I’m sure a market exists for sports memorabilia too, or collectable books, or stamps, or coins, or a billion other things. The key is to find something that interests you.
Taking care of old people
I’m going to merge a couple of side hustle ideas into one here, and talk about the potential of becoming someone who helps out old people.
Like I mentioned in the original piece, 99% of the guys out there who will cut your grass or shovel your snow are useless. They don’t show up when they say they will, either because they take on too many clients, they’ve got a real job that comes first, or they’re 11. It’s the same thing with ladies and cleaning houses, because when was the last time a dude ever offered that service?
There are a mountain of baby boomers who are either a) too busy or b) too rich or c) too lazy to clean their own house and cut their own grass. If you can write a professional ad, show up when you’re supposed to, and wear a shirt that doesn’t have a beer logo on it, you’re in business. All it takes is one or two clients and it’ll eventually snowball.
I know someone who was a housekeeper for an old lady for years. She got paid extremely well for her time and I suspect eventually got a cut of the will. Do you think the old lady was coerced into doing that? Hardly. She was happy to pay to make sure things got done. That’s what happens when you get older.
As parents age and kids keep busy, people will be happy to pay somebody for an hour or two per day to show up and cook grandma dinner and keep her company. All you need is one or two of these and you’ll get yourself an easy $1,000 per month.
And that’s it. Honestly, you guys don’t need me to tell you how to hustle. Just get out there and do it already.