Furniture Flippers Guide to a Successful Side Hustle (Successful Side Hustles) by Sean Anderson
Eventually you may be think about opening a brick-and-mortar retail store to expand your side-hustle. There are a few key steps you can take to make it happen. First, it’s important to have a solid business plan in place. This should include a detailed plan for how you will source furniture, pricing strategies and what your overhead costs will be as well as sales projections to identify how many sales you will have to do each month to break even or make profit.
Once you have a solid business plan in place, you will need to start building your brand. This should include creating a website and social media presence, networking with other businesses and potential customers, and developing a unique selling proposition that sets you apart from your competitors. A great way of networking is through local business networking groups.
These groups typically meet once a week, early in the morning to share successes and challenges and let others know what kind of business they’re looking for. Reciprocation is the key to being successful in local networking groups. You need to get to know your fellow business owners and understand what a good customer looks like for them so you can feel comfortable sending people their way whenever you can. These groups are often focused on professional services such as Real Estate, Insurance, Lending, Web Design and other similar businesses.
These are all perfect people to build relationships with so that when they know someone selling a quality piece of furniture or looking to furnish their son’s first apartment or their daughter’s dorm room they’ll feel comfortable referring to you. These groups can be excellent sources of referral,
Whether you’re flipping furniture for the first time or looking to earn a passive income off of your passion, this book will show you how to start a profitable business with some of the most valuable pieces of advice available.