Hi everyone,
I am based in the UK and have tried a couple side hustles which I thought would do well, but have ultimately been less spectacular. Namely:
1) Freelance - I do some freelance work as a software developer, but find it difficult to compete with pricing with developers in say India due to exchange rates etc. I have quite a bit experience and am a top professional in my field, but I hardly get any work - even though I send proposals daily on, for example, Upwork.
2) Online book selling - I found a really good supplier for second hand books in the US. First lesson I learned was how shipping across the pond eats into margins. The second lesson I found was that Amazon take an even bigger cut of the margins and leave this idea dead in the water. I am still sitting on a large amount of stock that I am trying to think of how to get rid of in the best way possible to recover as much as possible.
With this being said, I am finding it difficult to think of business ideas where the market is not congested. If I Google, for example, items to sell, these are all congested and margins squeezed, so the only way to be profitable is to trade in high quantity.
Is anyone willing to share some advice on where I should be looking? Any products that are selling well that aren't in a congested market? Any other business ideas worth investigating?
Many thanks,
Dean
I am based in the UK and have tried a couple side hustles which I thought would do well, but have ultimately been less spectacular. Namely:
1) Freelance - I do some freelance work as a software developer, but find it difficult to compete with pricing with developers in say India due to exchange rates etc. I have quite a bit experience and am a top professional in my field, but I hardly get any work - even though I send proposals daily on, for example, Upwork.
2) Online book selling - I found a really good supplier for second hand books in the US. First lesson I learned was how shipping across the pond eats into margins. The second lesson I found was that Amazon take an even bigger cut of the margins and leave this idea dead in the water. I am still sitting on a large amount of stock that I am trying to think of how to get rid of in the best way possible to recover as much as possible.
With this being said, I am finding it difficult to think of business ideas where the market is not congested. If I Google, for example, items to sell, these are all congested and margins squeezed, so the only way to be profitable is to trade in high quantity.
Is anyone willing to share some advice on where I should be looking? Any products that are selling well that aren't in a congested market? Any other business ideas worth investigating?
Many thanks,
Dean
Dislike ads? Remove them and support the forum:
Subscribe to Fastlane Insiders.