RESELLING clothing and other items is one of the oldest side hustles, and people have found new ways to do it.
TikToker Wealthacks said you can make $1,000 reselling clearance items from Walmart on Amazon but you need to look for three product giveaways.
The 25-year-old side hustler and realtor gave viewers tips on what to buy and how to use the Amazon Seller app.
You will need an Amazon Seller account which comes with fees.
Individual plans charge 99 cents per item sold, and the professional plan is a flat monthly fee of $39.99.
Once you get your account set up, you can head to Walmart to find some items to sell.
In the video, I suggested looking for the following three product giveaways:
- Make sure it’s lightweight
- easy to ship
- Have a decent amount of stock
I have found several boxes of false eyelashes that were marked down to $4.50.
You can scan the products using the Amazon Seller app to see how much they are being sold for.
The same set of false eyelashes was selling for $18.49 on the site.
After fees, the app showed he’d make a profit of $12.23 for each sale.
Once you subtract $5 for shipping, the total return on this product is $7.23.
There were 28 packages of the lashes, so if he sells them all he’ll make $202.44.
If you can do this five times a month, you’ll get just over $1,000.
While no one will turn down extra cash, it’s important to remember your side hustle could lead to new tax implications.
If you earn $400 or more you’ll have to report that income to the IRS.
If your net earnings from self-employment are less than $400, you still have to file an income tax return if you meet any other filing requirement listed in Form 1040.
Spend money to make money
Fulfillment by Amazon (FBA) is a popular option used by tons of side hustlers.
TikToker BizWithJacky explained how she uses the program to make up to $10,000 a month.
FBA is a service that allows businesses to outsource their order fulfillment directly to Amazon.
Businesses or individuals selling products send the items to Amazon’s fulfillment centers, which pack and ship the orders whenever customers purchase them.
There’s also customer service and process returns that can be provided for the orders.
In her example, Jacky picked a glow-in-the-dark dog leash she found at Alibaba.com, listed for only $1.66.
Jacky recommended purchasing 500 units to start with.
Then, back at Amazon, you will have the manufacturer brand the product with your own logo on the packaging.
This distinguishes the item from the original, which has a low list price but is likely more difficult for your target consumer to find online.
Jacky listed the glow-in-the-dark leash at $29, which brings in a revenue of around $28 per order.
Remember there is no guarantee your product will sell, so purchase at your own risk.
Globally, Amazon has more than 175 fulfillment centers, which contain more than 150 million square feet of storage space.
If you’d rather work from the comfort of your own home, see how you make thousands of dollars a month working with Nike.
Plus, see how a baker turned his high school side hustle and hobby into a business earning $100,000 a year and Netflix stardom.