Day 20: How I Flipped Two Bikes and Made 500% Profit! | 30-Day Side Hustle Challenge
Welcome back to Day 20 of my 30-Day Bike Flipping Challenge! 🚴♂️ Today is all about strategy, hustle, and profit as I head out to flip not one but two bikes. Join me as I share the ins and outs of this side hustle that’s perfect for anyone looking to make money online, from home, or even with just their cellphone.
🚀 The Plan:
Today’s mission is a bit of a journey—33 miles one way on our bicycles to pick up two incredible deals. The first stop is for a Trek mountain bike I snagged for just $60. With a bit of cleaning and tuning, this bike is set to bring in a solid return, possibly selling for $300 to $400. That’s a potential 500% profit!
Next, I’ll be picking up a practically new Trek ladies’ bike with disc brakes and accessories for $125. The original owner paid $700 for it, so I know this bike will turn around for a great price. Plus, the added accessories are a bonus, allowing me to enhance other bikes in my flipping inventory.
🏞️ The Journey:
What makes today special isn’t just the deals but the experience. I’m bringing my family along for the ride. We’re combining work and play—cycling together, stopping at parks, and enjoying a picnic along the way. It’s all about making the most of the day while teaching valuable lessons in entrepreneurship and family bonding.
💪 Key Takeaways:
- Smart Planning: By scheduling pick-ups close together, I maximize efficiency and minimize travel time. Finding deals in the same zip code helps streamline the process and reduce costs.
- Leveraging Accessories: Buying bikes with useful accessories not only increases potential sales value but also offers opportunities to enhance other bikes, maximizing my profits.
- Family Involvement: Incorporating family into the side hustle creates shared experiences and memories, making the work enjoyable and rewarding.
🎯 Why Bike Flipping?
Bike flipping is an incredible side hustle for anyone seeking financial freedom without a traditional 9-to-5. Whether you’re looking to make money from home or explore side hustle ideas, bike flipping provides:
- Low Entry Costs: Start with minimal investment and grow your business gradually.
- Flexibility: Work at your own pace and scale as needed.
- High Profit Margins: Earn significant returns on each flip with the right strategy.
🌟 Join the Challenge:
Are you ready to jump into bike flipping? Whether you’re a beginner or a seasoned flipper, this challenge is for you. Stay tuned for more updates as I continue my 30-day journey, sharing tips and strategies for making money and growing your flipping business.
🔗 Follow My Journey:
- Website: www.myrealestatedojo.com
- Instagram: instagram.com/myrealestatedojo
- Facebook: Facebook.com/realestatedojo
- TikTok: tiktok.com/@myrealestatedojo
- YouTube: youtube.com/MyRealEstateDOJO
- Pinterest: pinterest.com/myrealestatedojo
- Rumble: rumble.com/user/mrnofluff
- Podcast: Apple Podcasts – My Real Estate Dojo
👉 Don’t forget to like, comment, and subscribe for more updates and insights into flipping bikes and real estate investing. Join the movement, and let’s make money flipping!