In 2022, Summer Fisher discovered the world of renting out dresses.
“Oh, well, I have all these dresses. Let me just put one up,” she told Yahoo Finance.
Now with a streamlined inventory of around 200 pieces, she made $150,000 last year using what she calls a “double-dip profit strategy” — renting dresses multiple times before selling them for more than she paid.
(Check out her free masterclass at theprofitcollective.co/RookieResellerMistakes.)
Tune in to episode 652 of The Side Hustle Show to learn:
- Summer’s favorite brands to rent out.
- Her pricing and profit margin math on her inventory.
- The logistics of shipping and selling dresses.
- and more.
Full Show Notes:$150k Renting Out Dresses as a Side Hustle
New to the Show? Get your personalized money-making playlist here!
Sponsors:
Airbnb — Discover how much your home could be worth and find a professional co-host today!
Mint Mobile — Cut your wireless bill to $15 a month!
Indeed – Start hiring NOW with a $75 sponsored job credit to upgrade your job post!
OpenPhone — Get 20% off of your first 6 months!
Gusto — Get 3 months free of the leading payroll, benefits, and HR provider for modern small businesses!
459: Online Arbitrage: Make Money with Amazon FBA from Home
Online arbitrage is the process of buying inventory from one site to resell on another (usually Amazon). To help school me on this side hustle is Chris Grant, a longtime Amazon seller and the founder…
458: $80k on This Site: How to Get More Freelance Gigs
Few words will get as polarizing a response among freelancers and side hustlers as Upwork. Depending on who you ask, it’s either a fantastic platform to connect with well-paying gigs and quality clients … or…
457: Growing a 6-Figure Side Hustle in 12 Months
Today’s guest has gone from zero to almost 50k followers in the last 12 months and has turned that newfound attention into a 6-figure online business. This is impressive in itself, but what’s even more…
456: 16 Marketing Tips for Books (and Other Products) From Bestselling Authors
What’s the best way to write a bestselling book? Ask a hundred people and you’ll get 100 different answers. Sure, I’ve had some book launch success before, and have certainly learned a lot about self-publishing…
455: The Side Hustle Snowball: Erase Your Expenses One Extra Income Stream at a Time
I want to introduce a concept I call The Side Hustle Snowball. If you’ve heard about Dave Ramsey’s “Debt Snowball” framework, this may sound familiar. Here’s how The Side Hustle Snowball works: You itemize out…
Bonus: $1K 100 Ways: The Book Project 6 Years in the Making
Some ideas just won’t die. This project was one of them. My latest book is called $1K 100 Ways, and it features 100 case studies from the Side Hustle Nation community on how to earn…
454: Easy Website Wins: Marketing and Monetization Lessons From 175 Website Flips
Today we’re diving into the easy wins — the quick updates you can make to your websites to drive more traffic and sales. To help me out on that topic is Mushfiq S., a side…
453: 12 Expert SEO Tips for 2021: Get More Free Traffic
Want to drive more organic traffic to your website? I’m sure you do. At the heart of organic traffic is SEO or Search Engine Optimization. The better optimized your site is for search engines, the…
452: Blogging vs. YouTube: Which Platform is Best to Grow an Online Business?
If you’re starting an online business, you’re almost certainly going to create content. But should you focus on written content on your blog, or video content to try and tap into the massive YouTube audience?…
451: Affiliate Marketing, Early Retirement, and Side Hustle Shifts Over 8 Years of Podcasting: 20 Questions with Nick
It’s time to dive into the ol’ listener mailbag and answer a few questions in this week’s edition of The Side Hustle Show. I’ve had quite a few interesting questions come in since the last Q&A…