Episode 687: 687: $200/Flip: Inside the Return Reselling Side Hustle
10 business ideas · 3 case studies · Aired
Listen to EpisodeBusiness Ideas from this Episode
Furniture Reselling System
A systematic approach to reselling returned furniture, mattresses, and exercise equipment, leveraging an app to coordinate pickups and sales. This business focuses on obtaining inventory for free and selling it at a profit while providing a valuable service to customers.
The business operates on a commission model where resellers earn a share of the sale price after selling the items, with revenue sharing with the app provider.Shared Storage Solutions
A service that provides storage space for resellers dealing with bulky items like mattresses and furniture, allowing them to manage inventory efficiently without the need for long-term leases.
This could operate on a subscription model, charging users monthly for storage space, with options for flexible terms based on their inventory needs.Mattress Resale Business
A business that focuses on picking up used mattresses, cleaning them, and reselling them to customers. This venture can start as a side hustle and has the potential to grow into a full-time income stream.
The business can operate on a one-time purchase model where customers buy the mattresses directly, or it can introduce a freemium model offering cleaning services for a fee.Review Management Service
A service designed to help resellers gather and manage customer reviews to build credibility and enhance their sales performance online, particularly on platforms like Facebook Marketplace.
Revenue could be generated through a subscription or fee-for-service model, where users pay for assistance in soliciting reviews or managing their online reputation.Flexible Pickup Scheduling App
An app that allows users to schedule pickups for items they want to sell or donate, connecting them with local pickup services.
The business can use a freemium model where basic scheduling is free, but premium features, such as priority pickups or additional services, require payment.Photography for Resale Items
A niche photography service focused on taking high-quality, visually appealing photos of resale items, such as mattresses and furniture, to enhance online listings and increase sales.
This service could operate on a per-photo basis or as a package deal for multiple items, charging sellers for the professional images of their inventory.HR Consulting Services
A consulting service that specializes in providing fractional HR support to small and midsize companies. This can involve culture assessments and organizational effectiveness consulting.
The business can operate on a project-based payment model or a subscription model for ongoing support.Logistics Coordination App
An app designed to streamline the logistics of picking up and delivering bulky returned items for resellers, enhancing efficiency and reducing operational headaches.
The app could follow a subscription model for resellers or charge a fee per transaction for using its logistics coordination features.Marketing Automation Platform
A platform that provides tools for businesses to create and manage multi-channel marketing campaigns, including email marketing, SMS, and social media.
The business can adopt a subscription model with tiered pricing based on features and usage levels.Quality Packing Supplies Retail
A retail business that specializes in high-quality packing materials such as mattress bags, tape, and cleaning supplies for those in the moving and resale industry.
The business would primarily operate on a one-time purchase model for supplies, with options for bulk purchasing discounts.Case Studies from this Episode
Share Town
A platform that facilitates the resale of returned items, primarily mattresses, furniture, and exercise equipment, by connecting individual resellers with customers.
Resellers earn a profit from selling items and share a portion of the revenue with Share Town. The average expected profit per item is around $200-$250, with the revenue model involving multiple parties receiving cuts from each sale.
Circle Consulting
Circle Consulting is an HR consulting company that provides fractional HR support and specializes in organizational culture and effectiveness.
Not mentioned in the transcript
ShareTown
ShareTown is a platform that connects individuals looking to buy or sell used mattresses, facilitating pickups and deliveries.
Not mentioned in the transcript
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