Company case study
Shared Town
A furniture flipping side hustle that lets you earn money without upfront inventory costs
Shared Town, founded by Chris Torres and his wife, is a platform for furniture and mattress flipping. It came up on The Side Hustle Show in the episode "580: 2 Quick and Easy to Start Side Hustles to Make Extra Money" (aired September 21, 2023).
At a glance
| Podcast | The Side Hustle Show |
|---|---|
| Hosted by | Nick Loper |
| Episode | 580: 2 Quick and Easy to Start Side Hustles to Make Extra Money |
| Aired | September 21, 2023 |
| Revenue and traction | Chris reports making up to $1,500 a week by flipping just a few items, with mattresses being a particularly lucrative market. They typically sell for $500-$600, while their retail value can be around $2,000. |
| Category | Marketplace |
Figures and claims are as told on the episode, summarized from the transcript. Check the date: they describe the company at the time it aired.
What the episode said
580: 2 Quick and Easy to Start Side Hustles to Make Extra Money · aired September 21, 2023 · hosted by Nick Loper
Why it works
The success of Shared Town comes from leveraging returns that are often still in great condition. The model taps into the growing trend of reselling and sustainability, appealing to budget-conscious consumers looking for deals on quality items.
Founding story
Chris and his wife discovered Shared Town through Side Hustle Nation. Initially skeptical about the business model, they quickly became successful after understanding how the app worked. They started from their garage and eventually moved to a storage unit, showcasing the scalability of the business.
The playbook
1. Download the Shared Town app and create an account to start receiving pickup notifications. 2. Choose a pickup time that works for you and contact the seller through the app promptly. 3. Clean and inspect the items you pick up to ensure they meet quality standards before reselling. 4. List the items on Facebook Marketplace or Craigslist with attractive photos and descriptions. Use a template for efficiency! 5. Track your earnings weekly and set aside a portion for Shared Town’s cut to ensure timely payments.
Also mentioned
- Utilize the Facebook group for tips and support from fellow flippers. - Keep your inventory organized in a garage or storage unit to streamline the selling process. - Pay attention to customer inquiries and be prompt in communication to build trust.