.GaryVee's favorite side hustle? Retail arbitrage flipping, or 'flipping' for short. investinyou (in partnership with Acorns.)
Gary Vaynerchuk loves his side hustles. When the serial entrepreneur turned social media mogul isn't busy running one of his successful companies, you might find him at your neighbour's garbage sale unearthing forgotten treasure, an idea he has discussed in his "Trash Talk" video series. That's right, despite being worth an estimated $160 million, Gary Vee still finds time for a side hustle.
The idea is pretty simple: Find an item listed at a discounted price, preferably something that a big-box retailer is trying to get rid of on their close-out shelves and scan items. Next, check to see what the item is selling for online. There are a number of websites and apps you can do this on like Amazon or eBay. Once you find an item where there is a large enough price difference you buy it and "flip it.
Vaynerchuk believes this method of side hustle works particularly well for people who are in debt or looking for a way to earn fast. While his use of the term "homeless" may seem in the least dramatic — if not insensitive — think a recent college grad living in a girlfriend or boyfriend's home, or on a friend's couch, with access to the internet and no day job. He talks about "microdollaring" for the "young kid in debt.
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