Monday, March 21, 2016

Side Hustle



There are many things most girls like to do, that I absolutely do not like. Shopping is not one of them. I LOVE to shop- actually what I love is finding deals.
See, I've come to the realization that I no longer NEED a thing, contrary to what Jono would tell you. I have a great, FULL closet for when I actually dress out of gym clothes and I have a beautiful collection of jewelry I've made or bought over the years. So when I go shopping I'm usually on a hunt- a scavenger hunt if you will. I know there are certain labels and rare styles that resell on ebay, Poshmark and the like for TRIPLE if not more than what I can find it for.

Yup. This is my side hustle. It lets me shop and occasionally keep a piece or two at zero cost. Here's how it works; this is my most recent hustle adventure:

First, I get on brand kicks. Lululemon is a staple and the resale market is nuts. Please don't ever toss lulu, bring it to me and I'll make ya a dime! With my recently planned trip to ATX (OMGYAY!) I started looking and got hooooooked on Kendra Scott (Austin and Texas QUEEN of gemstone jewlery).

So, I discover the stores that carry Kendra and check out their sales online and get familiar with styles and names. Then I hit Nordstrom Rack and dig for the jewels! Now, you HAVE to know what you are looking for or you'll miss it. I found the KS booty rather quickly and bought 6 necklaces and a pendant for $220. Steep for me, since I usually frequent thrift stores. However, their original retail cost totaled over $400. And some older styles sell for over retail since they sell out and people are desperate to find them. Its bonkers.
I head to Last Chance Neiman Marcus but came up empty! BOO. However, since I was in Dedham, I swung some old clothes by Plato's closet. While I waited, I poked around. I found a super cute free people tank and 2 lululemon pants. One was camo which is like striking gold, women give up their first born for lululemon camo.
I had a $20 credit from my old stuff and spent $20 (1 free people tank and TWO pairs of lulu!)

This is where the strategy comes in.
I list first on Poshmark and Mercari, higher price point, but to see if I get nibbles. Once I scour the resale market and figure out what these items are selling for I list on ebay.
(Poshmark takes 20% of sales but buyer pays shipping and posh sends you a convenient label, Mercari takes nothing but you have to wait to receive funds and shipping can go either way, eBay takes about 10% of all sales in one big invoice at the beginning of the month).

Since I discovered the stuff I bought would sell well, I listed each auction at $.99. That way I get a lot more interest and ending up in bidding wars. As of now, I have already broke even on everything and bidding doesn't end until next weekend- basically LET THE MONEY MAKING BEGIN. Ebay is a little slower, waiting on the auction, but usually worth it in comparison.

Doing this and selling my jewelry is how I paid to go the the games last year. I left all the monies in paypal until the trip!




Check it! All the Kendra I bought, minus the pendant and the red necklace I kept (identical to the one pictured)
Pretties close up!
OK. This is what things look like on Poshmark. Listed high like I said. You can get trade offers and all sorts of questions. It's fun.

These are the crops I scored at Plato's Closet for $10. They are already up to $40 ish on ebay. The hustle is real folks.

Also, thrift and secondhand stores have nice gems too. Obviously brand new sells higher, but you would be amazed at what people throw away. AMAZED. I can't remember the last time I bought something full price (clothes shoes acces). I'm not super frugal, but this is the bees knees.