Money. Everyone loves it, everyone needs it, but only some put effort into it. I’m sure we’ve all done our fair share of Pinterest-ing “easy ways to save money” and being on Ebates/Rakuten can only bring you so far. So I’d like to share with you the most successful money making side business I’ve ever done. I’ve been told I’m an entrepreneur since I was young, and was making bank selling crafts to my classmates in elementary school. I did my fair share of babysitting through high school and bought myself a Macbook with that, but this is my secret.
What is it and how does it work? My mother and I buy cheap stuff online like through wish.com or liquidation websites, through bargain and thrift stores, or by travelling out of town to get unavailable and sought after items. Then we re-post them onto Facebook at higher prices to make a profit. We Facebook PM buyers who comment take on our photos and arrange through messenger pick up times, then bag and tag their items and leave them by the front door at our pick up station. We buy products of many kinds to many different audiences; kids, young adults, men, women, and re-sell them on local Facebook buy and sell groups or auctions.
Why is it so successful? With a few hours a week to take pictures and post enough things at good prices, you can have a hundred or couple hundred extra dollars a week. Me and my mother have made around $3, 000 in about a year and a half, and the money went towards putting me through college classes. It also has paid for emergency expenses like house repairs and snow removal.
What are the downsides? There are a few downsides to the commitment of selling things on Facebook including the time and energy, as well as dealing with the public. You need to constantly stay organized through messaging people for pick up, having their products tagged with names and prices at your door, storing everything, and being home enough to arrange pick up times. The other downside is dealign with the public because sometimes people give you the runaround and don’t pick up or answer which can waste a lot of time and hold up products costing you money.
How to be the best of the best? Commitment. It can be time consuming for posting day so maybe having another person to help you stay organized can keep you on track with everything. Also patience for the socializing with other people, remember these buyers have a life just like you, people don’t always show up right away. And competition, if someone else is selling the same thing as you, maybe do a BOGO discount, or if they’re selling a big group of like items sell yours individually to buyers who wanted lower quantities and unable to get through your competition.
What does this have to do with knowledge of social media? Well, lots of reasons. Firstly we use the social networking platform Facebook in their social groups function. You are also dealing with socializing with people and need to communicate over the internet. You also need to market and word your descriptions in sufficient enough ways to come off as a good detailed product. It’s also really helpful to do some research for what the “big things are”. Some things we’ve learned through social media that are big sellers as of Oct 2019 include anything unicorn, slime, beard tools, metal straws, and weighted blankets. It’s important to know what the trends are popular to guarantee sales.
Well thats about it. That’s my basic foul-proof guide to your own Facebook side business. It’s not nearly as complicated as creating a whole different account page and creating a branding process and worry about having to market your page. Just sell through your own account in a high traffic group with some good items at low prices and you’ll be sending a kid though college in no time! And, well if they wanna be a lawyer lets hope you sell LOTS of slime kits haha. So let me know down in the comments if you think you would have time for this, and if you had the extra pocket cash of a Facebook side business driven by social media what would you spend the money on?