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  1. adamhenry

    Living in a Bubble - Help

    MINDSET 
    Here's the thing. We're all equal. I'm sure you've heard that. But it's a little hard to grasp, as well as a little hard to explain. For a reading list : Outliers The Talent Code Talent Is Overrated Mindset But basically, science had decided that talent doesn't exist. So you don't have...
  2. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Sept 19: Sold Retro Maruishi +$40 Sold Pannier rack +$10 Total Net Income Sept 19 = $50 Sept 22: Sold Vintage Norco +$125 Sold Giant Squadron +$75 Total Net Income Sept 22 = $200 Net profit mtd = $1,345 I think I hit a plateau where I was making small amounts per sale. From past...
  3. adamhenry

    A Hustler's Guide To Buying And Selling Anything (Part 1)

    GOLD! SIDE HUSTLE 
    I flip bikes. If it's the case that I've jumped on a recently posted bike that was listed too low, I send an "I'll take it" email . Then when I get there I might say "hey, look it's got a little more rust than I was expecting. What's the best you can do on the price?". If I'm trying to...
  4. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    No money in the last couple days, which was a combination of having to look after my kids, not having inventory, and also getting rear ended Monday (everybody ok) - so have been running around dealing with insurance, getting vehicle repaired, getting temporary vehicle etc. However, I did...
  5. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Sept 14: Sold Vintage Bridgestone +$90 Sold Pannier rack +$10 Sold another pannier rack +$10 Sold bike seat +$15 Total Net Income Sept 14 = $125 Net profit mtd = $1,095
  6. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Sept 12: Sold Vintage Sekine +$100 Total Net Income Sept 12 = $100 Sept 13: Sold Vintage Apollo +$40 Total Net Income Sept 13 = $40 Net profit mtd = $970 Yes, ZCP, I'll add something fastlane to each report. Today I'm meeting with a friend to provide some (free) coaching about Craigslist...
  7. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Sept 11: Sold Kona Lava Dome +$100 Sold fenders +$10 Sold Vintage Velo Sport +$15 Sold Vintage Miyata +$20 Total Net Income Sept 11 = $145 Net profit mtd = $830
  8. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Sept 10: Sold GT Outpost +$25 Total Net Income Sept 10 = $25 Net profit mtd = $685
  9. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    I don't mind providing some tips. Check out this guy: http://sarasota.craigslist.org/bik/4661722052.html He flips bikes in your area. Check out his ads "more ads by this user". Since he appears to have a bunch of inventory at once, he's not flipping them very quick - watch his ads and see...
  10. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Thanks @jockinbox! This is the first month where I'm actually spending some full days hustling, rather than just in my spare time. So it's the first time I've been able to see whether I can replace my income with hustling. Haven't counted the items sold, but it looks like you did from my...
  11. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Yep, his blog got me started.
  12. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Also, the important question would be "How do I make $200 today?", not " How do I make $200 flipping bikes?". That way answer can be "bikes + Amazon + ebook", or another combination. Then, do an 80/20 analysis, eg. "Bicycle flipping takes 80% of my time, but only provides 20% of my profits...
  13. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Here's something I've been thinking. I can easily do $100 a day. Usually the problem is running out of inventory/time more than having stuff I can't sell. $100/day x 5 days x 50 weeks = $25,000/year = entry level job It took me about 10 years in the hotel industry to go from entry level to...
  14. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Yes, I'd say the #1 thing is to move it back out quickly. Make sure you've got a nice clear pic of the item against a plain background. I've also been having success with a title that explains the use of the item more than what it is, eg. "Urban commuter bike, ready to ride" seems to do...
  15. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    I do think this is a good idea, and a good way to get started - and I think you should do it. I think you'll find that there are so many bicycles out there, that you won't need to rely on unfixable bikes - and I really don't see that many unfixable ones. Once you start looking, bikes are easy...
  16. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Sept 9: Sold Panniers +$20 Sold Giant Ferrago +$40 Total Net Income Sept 9 = $60 Net profit mtd = $660
  17. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Sept 7 $0 (worked at bike shop) Sept 8: Sold Miele Firenze +$75 Sold Vintage Sprinter +$25 Sold Vintage Velo Sport +$25 Sold Vintage Raleigh +$60 Total Net Income Sept 8 = $185 Net profit mtd = $600
  18. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Sept 5: Sold vintage Raleigh ladies bike +$30 Sold Norco Kokanee +$15 Sold bike rack +$10 Sold Kuwahara +$20 Total Net Income Sept 5 = $75 Sept 6: Sold bike shoes +$10 Sold pannier rack and bar ends +$15 Sold pedals +$20 Sold Trek 820 +$25 Sold P90X DVD set +$15 Sold car rack +$20 Total Net...
  19. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    The vintage cooler was a neat experiment - I'd stopped in at a thrift store on Wednesday, and had noticed a vintage typewriter for $12. Went back on Thursday because I realized I could've doubled my money at least on it, but it was already gone. Poked around the shop and found an old metal...
  20. adamhenry

    Bicycle hustling for fun and profit

    EXECUTION 
    Net profit mtd = $235 Not going to record inventory at the moment, since it's not making sense the way I was doing it. Got some advice from ZCP so going to get some accounting documents rolling. A takeaway from the lambopower thread was that those guys had a goal of buying a certain amount of...

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