So much free time / side hustles?

So much free time / side hustles?

Author
Discussion

Mirinjawbro

Original Poster:

768 posts

71 months

Tuesday 28th June 2022
quotequote all
Morning all

currently working in a full time role where i have lots and lots of free time per day (work from home)

ive tried online surveys (too boring and low money)
part time work from home IT jobs in the background (no success)

i have all the spare time in the world.

any ideas at all?

i can be 100% committed on something that is guaranteed money, no currency etc

any ideas at all?

thanks

CLX

343 posts

64 months

Tuesday 28th June 2022
quotequote all
I'm in a similar position, but can't seem to come up with anything either.

Look forward to seeing some suggestions too!

bucksmanuk

2,332 posts

177 months

Tuesday 28th June 2022
quotequote all
A few clues would be nice
What is your prior experience?
What area do you work in?
What are your qualifications?
What do you NOT want to do?
Despite thinking you have loads of free time, do you really have the time to devote to another role?
Does your current contract of employment allow you to do this?
Etc..

An ex-MD of mine is always looking to act as a “wise pair of hands” to start ups etc… he’s a self-made multi-millionaire with an awesome contacts book, but all he approaches are really interested, but they want him to do 50-hour weeks. He’s 74, he wants 3 days a fortnight….

Mirinjawbro

Original Poster:

768 posts

71 months

Tuesday 28th June 2022
quotequote all
bucksmanuk said:
A few clues would be nice
What is your prior experience? 15 + years analysis (excel , reporting etc)
What area do you work in? IT
What are your qualifications? at work + A levels
What do you NOT want to do? something repeating over and over.
Despite thinking you have loads of free time, do you really have the time to devote to another role? oh yes. more than you can imagine
Does your current contract of employment allow you to do this? no idea
Etc..

An ex-MD of mine is always looking to act as a “wise pair of hands” to start ups etc… he’s a self-made multi-millionaire with an awesome contacts book, but all he approaches are really interested, but they want him to do 50-hour weeks. He’s 74, he wants 3 days a fortnight….
based on the above i was more thinking of buying and selling. that way its not a "job" 9-5 hours and can be done anytime.

mike74

3,687 posts

139 months

Tuesday 28th June 2022
quotequote all
I'm more interested in what you're current job is that allows you to take the piss to such an extent! smile

Mirinjawbro

Original Poster:

768 posts

71 months

Tuesday 28th June 2022
quotequote all
find a business analyst role with amazing job spec

realise that most contractors in your company do an hour of work per day max


bucksmanuk

2,332 posts

177 months

Tuesday 28th June 2022
quotequote all
Have a trawl through Alibaba and see what you can buy there, and for which people will pay handsomely for here.

I think there was a young lad who was buying aluminium water bottles 1,000 a time on Alibaba at 80 pence each or some such, selling them at £2 each on eBay. Undercutting everyone else who was flogging them at £4 each.

Although remember you have expenses to start off with - like you would not believe.

Company start-up - £115
Accountant £1k p.a. minimum
Liability insurance? If yes, start at £650 p.a.
Business bank account - £6/month
Web site – start at £1K, could easily be £4K, although eBay can reduce this. Amazon is an expensive platform, so you can sell SOME of them via that, but use it a sales window. eBay can be used the same way.
Hosting the web site - £9/month

These numbers are real and recent – guess how I know!

Mirinjawbro

Original Poster:

768 posts

71 months

Tuesday 28th June 2022
quotequote all
i think buy and sell is my best bet as it can be done anytime. something new. no manager etc

now to find what smile

mike74

3,687 posts

139 months

Tuesday 28th June 2022
quotequote all
Surely matched betting is the obvious answer?

Still no word from the OP as to just what his cushy non-job actually is. smile

Shnozz

28,008 posts

278 months

Tuesday 28th June 2022
quotequote all
bucksmanuk said:
Have a trawl through Alibaba and see what you can buy there, and for which people will pay handsomely for here.

I think there was a young lad who was buying aluminium water bottles 1,000 a time on Alibaba at 80 pence each or some such, selling them at £2 each on eBay. Undercutting everyone else who was flogging them at £4 each.

Although remember you have expenses to start off with - like you would not believe.

Company start-up - £115
Accountant £1k p.a. minimum
Liability insurance? If yes, start at £650 p.a.
Business bank account - £6/month
Web site – start at £1K, could easily be £4K, although eBay can reduce this. Amazon is an expensive platform, so you can sell SOME of them via that, but use it a sales window. eBay can be used the same way.
Hosting the web site - £9/month

These numbers are real and recent – guess how I know!
I thought this gig was the preserve of dropshippers these days and no one physically bought in the stock, thus avoiding paying up front or even exposure for non-sold stock?

98elise

28,253 posts

168 months

Tuesday 28th June 2022
quotequote all
mike74 said:
Surely matched betting is the obvious answer?

Still no word from the OP as to just what his cushy non-job actually is. smile
He did...Business Analyst (so writes requirements, use cases, specifications, processes etc for IT solutions).

Mirinjawbro said:
find a business analyst role with amazing job spec

realise that most contractors in your company do an hour of work per day max

StevieBee

13,592 posts

262 months

Tuesday 28th June 2022
quotequote all
Mirinjawbro said:
i can be 100% committed on something that is guaranteed money
Well, there's your biggest problem because there's no such thing.




bucksmanuk

2,332 posts

177 months

Tuesday 28th June 2022
quotequote all
Shnozz said:
bucksmanuk said:
Have a trawl through Alibaba and see what you can buy there, and for which people will pay handsomely for here.

I think there was a young lad who was buying aluminium water bottles 1,000 a time on Alibaba at 80 pence each or some such, selling them at £2 each on eBay. Undercutting everyone else who was flogging them at £4 each.

Although remember you have expenses to start off with - like you would not believe.

Company start-up - £115
Accountant £1k p.a. minimum
Liability insurance? If yes, start at £650 p.a.
Business bank account - £6/month
Web site – start at £1K, could easily be £4K, although eBay can reduce this. Amazon is an expensive platform, so you can sell SOME of them via that, but use it a sales window. eBay can be used the same way.
Hosting the web site - £9/month

These numbers are real and recent – guess how I know!
I thought this gig was the preserve of dropshippers these days and no one physically bought in the stock, thus avoiding paying up front or even exposure for non-sold stock?
I'm pretty sure the lad was buying them as he had filled his mums garage with the things!

arfur

3,893 posts

221 months

Tuesday 28th June 2022
quotequote all
Mirinjawbro said:
i think buy and sell is my best bet as it can be done anytime. something new. no manager etc

now to find what smile
look on i-bidder and/or John Pye and see what you can get

be careful though - anything electrical assume its broken - and always assume furniture has been very carefully photographed. Oh and add 50% to all prices as that's what you'll actually be paying

my partner buys at these auctions and sells on ebay - generally turns 4k outlays into 7- 8k with steady sales over time taking into consideration ebay charges etc etc

arfur

3,893 posts

221 months

Tuesday 28th June 2022
quotequote all
bucksmanuk said:
Shnozz said:
bucksmanuk said:
Have a trawl through Alibaba and see what you can buy there, and for which people will pay handsomely for here.

I think there was a young lad who was buying aluminium water bottles 1,000 a time on Alibaba at 80 pence each or some such, selling them at £2 each on eBay. Undercutting everyone else who was flogging them at £4 each.

Although remember you have expenses to start off with - like you would not believe.

Company start-up - £115
Accountant £1k p.a. minimum
Liability insurance? If yes, start at £650 p.a.
Business bank account - £6/month
Web site – start at £1K, could easily be £4K, although eBay can reduce this. Amazon is an expensive platform, so you can sell SOME of them via that, but use it a sales window. eBay can be used the same way.
Hosting the web site - £9/month

These numbers are real and recent – guess how I know!
I thought this gig was the preserve of dropshippers these days and no one physically bought in the stock, thus avoiding paying up front or even exposure for non-sold stock?
I'm pretty sure the lad was buying them as he had filled his mums garage with the things!
If you are customising them then you need them delivered. My son does this as one of his many activities - uses 3d printers and local students to customise bottles sold from various shopify shops. Love Island '22 has already turned over >100k£ in sales in 3 weeks. If it's not customised then its dropshipped.

goldar

550 posts

29 months

Tuesday 28th June 2022
quotequote all
arfur said:
If you are customising them then you need them delivered. My son does this as one of his many activities - uses 3d printers and local students to customise bottles sold from various shopify shops. Love Island '22 has already turned over >100k£ in sales in 3 weeks. If it's not customised then its dropshipped.
Interesting. How does he customise bottles with a 3d printer? And what's it got to do with love island?

arfur

3,893 posts

221 months

Tuesday 28th June 2022
quotequote all
goldar said:
arfur said:
If you are customising them then you need them delivered. My son does this as one of his many activities - uses 3d printers and local students to customise bottles sold from various shopify shops. Love Island '22 has already turned over >100k£ in sales in 3 weeks. If it's not customised then its dropshipped.
Interesting. How does he customise bottles with a 3d printer? And what's it got to do with love island?
People order what they want affixed to the bottle and it's printed and affixed - then shipped.

Mirinjawbro

Original Poster:

768 posts

71 months

Wednesday 29th June 2022
quotequote all
i have spoken to many people around matched betting etc.

they said the accounts will get banned at some point.?

and yes as 90% of people say "id love to work from home do nothing and get paid", good for a few weeks. then it drives you insane sitting at home alone 10 hours a day doing nothing.

the buy and sell from alibaba sounds fun, but needs storage and a product that isnt already on ebay 100 times.

focus groups are meant to be good but not yet been invited to one.


Shnozz

28,008 posts

278 months

Wednesday 29th June 2022
quotequote all
Mirinjawbro said:
i have spoken to many people around matched betting etc.

they said the accounts will get banned at some point.?
Coincidentally ended up chatting last night to a mate about matched betting. He was saying he pays £20 a month for a service that directs him to all the new offers and basically the full MO of how to lay the bet etc. He still estimates an hour a day realistically to actually do the admin behind it and reckoned that with the initial decent offers all taken out and done with, that hour a day would return about £300 a month, minus of course the £20.

bmwmike

7,373 posts

115 months

Wednesday 29th June 2022
quotequote all
StevieBee said:
Mirinjawbro said:
i can be 100% committed on something that is guaranteed money
Well, there's your biggest problem because there's no such thing.
Isn't that just a job?

Edited by bmwmike on Wednesday 29th June 08:19