A TIKTOKER discovered a way to earn $8,000 a month, and the gig only requires the sale of couches.
Ryan Pineda is a ICT Tac content creator with over a million followers.
As the “CEO of seven different seven-to-eight-figure companies” who has now achieved over 500 successful house flips, Ryan is known as a money expert who helps subscribers gain financial freedom from their nine-to-five.
He said his side hustle was called the couch flip.
The original idea came to Ryan when he was young, just 24 years old.
He and his wife had been together for eight years.
“I’m like, what am I going to do to make money for us?” Ryan spoke about his state of mind at the time.
The couple have just furnished their first apartment together.
“I just sat there watching it,” Ryan said. “I look at the couch.”
Then it hit him: he had bought the couch for $100 on Craigslist.
Ryan’s mind-blowing idea
Ryan started wondering if he could sell the couch for $300 or $400.
“I got such a good deal on that, so I tested the theory,” Ryan said.
To do this, Ryan bought another couch and sold it for $200. It was a profit of $100, which was good, but Ryan wondered if he could make more.
“If I did this every day, I could make $6,000 a month.”
Annually, that would be a salary of $72,000.
With that money in mind, Ryan decided to buy a truck for $1,500.
He started “buying sofas like crazy”.
“It was the easiest business ever,” Ryan said.
Over time, Ryan actually managed to grow his couch selling business to a net monthly profit of $8,000 as a side business.
Of course, he had to get storage units for all the sofas he had in inventory at all times.
To be successful in this exact parallel hustle, Ryan said he also needed to figure out how best to market and sell his sofas online, as well as better understand where the best sofa deals would be.
Ryan said to date he’s probably knocked over a thousand canapes.
“It was my first real commercial success,” Ryan said.
Tips for successful couch flipping
It is important to note that couch flipping may not be accessible to everyone.
For one, you need to be able to lift heavy furniture.
A truck to hold the furniture is also needed, as is the initial money to collect your first sofas to sell.
Craigslist tends to be the best marketplace for finding affordable couches that you can then make.
You’ll find the best deals on Craigslist if you filter for furniture sold by owner instead of dealer.
If an owner seems to be in a rush to sell or has taken poor quality photos, these are clear indicators that you might get a better deal.
In some cases, you can find a couch for as little as $20, especially if the landlord is moving soon and needs it ASAP.
In addition to Craigslist, quality sofas are often available on Facebook Marketplace and at cheap garage sales and estate sales.
Keep in mind, however, that some sofas might have been so damaged that they won’t do well for resale.
Antiques can be valuable to some buyers, but generally they don’t do well in the furniture market.
When listing your product, keep in mind that the more detail you provide on the listing, the more likely you are to pique buyer interest.
You should also always give a higher price than you expect to sell, as buyers usually try to negotiate prices down.
Other side hustles available
There are plenty of other profitable options you can consider if you want to go on a side hustle.
A TikToker Showed You Can Get Paid $45 An Hour Just For watch Netflix.
Swagbucks will also pay you to watch videos in various categories, including entertainment, fashion, health, news, and politics.
Once you’ve earned enough swagbucks, you can redeem them for gift cards for retailers like Amazon or iTunes.
For another easy option that doesn’t require any specific training, consider selling your photographs on Foap.
An influencer revealed how this side hustle can earn you hundreds of extra dollars by simply connecting the app to old photos you already have on your phone.
Depending on your hobbies, there might also be a way to launch them into a successful business, like this college dropout who earns $327,000 per year with her clothing business.
Or, if you want to run an online store, you can earn $2,000 to work only two hours a day like this influencer.
Another TikToker revealed how you can earn $500 a day just from audio transcription.
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