Hey everyone, ready for another deep dive?
Today we're uncovering some potentially lucrative
side hustles specifically for women.
You know, a little extra cash
or exploring a whole new career path, who knows?
Sounds intriguing.
We're taking inspiration from, get this, a YouTube video.
It's from Launch to Wealth TV,
hosted by the very energetic Vanessa.
The title, the highest paying side hustle for women today.
Why is this still a secret?
You know, gotta love a little clickbait.
Definitely grabs your attention.
Right, so she dives into five of these,
kind of under the radar hustles.
I'm all ears.
Okay, so first up is luxury arbitrage.
Now I know arbitrage, it sounds kind of like
finance-y and complicated.
Yeah, a bit intimidating maybe.
But it's actually a pretty straightforward concept.
Vanessa explains it really well,
like she uses this example.
Buying something for, say, a dollar
and flipping it for a hundred bucks, boom, profit.
Ah, okay, so basically spotting price differences
and then bam, you cash in.
That's the gist of it.
Gotcha.
But how does this work with luxury items?
Well, think about designer handbags.
Jewelry, you know those brands that just hold their value?
Your Chanel, that kind of stuff.
Exactly.
Sometimes they even go UP in value over time.
It's all about what, scarcity and desirability?
Precisely, so there's this whole market
for pre-owned luxury goods.
Ah, makes sense.
People want that high-end stuff,
but maybe not the brand new price tag.
Right, and that's where a savvy entrepreneur can step in.
Okay, so walk me through this.
How does someone actually make this happen?
Let's say you find a, oh, I don't know, a vintage Chanel bag,
somewhere like Poshmark, Depop,
those online resale platforms.
You snag it for a steal knowing it's in high demand.
Okay, I'm with you.
So then you listed on another platform,
jack up the price a bit?
Pretty much.
You could create your own Shopify store,
like a curated collection,
or there are sites like the RealReal Fashion File,
they specialize in this stuff.
So they handle the selling, authentication,
all that.
Exactly, take a commission, of course.
Interesting, so many different approaches.
Vanessa even mentioned women using this
to cover big expenses like braces for their kids.
Wow.
Yeah, it really shows the potential here.
It can be a real game changer,
not just extra cash, but reaching those financial goals.
Absolutely.
Okay, let's shift gears.
Hustle number two, becoming a wedding coordinator.
Now this isn't the same as a wedding planner, is it?
Good catch, there's a distinction.
A planner's in it for the long haul, vendors,
aesthetics, the whole shebang.
A coordinator swoops in on the big day itself,
make sure everything runs without a hitch.
So they're like the conductor of the wedding orchestra,
everyone hitting their cues.
Perfect analogy, they're handling those last minute details,
troubleshooting any hiccups,
making sure the happy couple can actually, you know,
enjoy their wedding without stressing.
Sounds like a pretty crucial role.
And Vanessa said they can make a decent amount,
like two to $3,000 per wedding.
That's the ballpark, yeah.
But it's not for everyone.
You gotta be super organized, think on your feet,
grace under pressure, all that.
Weddings can be a little unpredictable sometimes.
Definitely, cool head and problem solving skills
are essential.
So if you thrive on that kind of fast paced environment,
keeping everything in order, this could be the perfect fit.
Now get this, the next hustle Vanessa talks about
is pretty unexpected.
Creating and selling, wait for it.
High ticket wedding favors on Etsy.
You're kidding, really?
Yep, apparently there's a market for it.
She even gave an example of someone selling
custom designed plastic cups, making millions.
Millions, seriously.
Millions, it's wild.
Shows you Etsy isn't just for like handmade crafts anymore.
There's some serious business happening there.
Okay, so what's the key to like cracking the Etsy code
for wedding favors?
SEO is huge, search engine optimization,
gotta make sure your products pop up
when people are searching.
So someone types in unique wedding favors.
You wanna be front and center.
Right, keywords in your titles, descriptions,
all that jazz, plus obviously the product's gotta be good.
High quality, appealing to the right people, makes sense.
But where do you even find these unique wedding favors
to sell?
Sourcing is key.
Vanessa mentioned Alibaba,
it's this massive online marketplace, wholesale prices.
You can find all sorts of stuff.
So you can find something on Alibaba, customize it,
then sell it on Etsy for a markup.
You got it.
Adding value, finding that niche,
that's the magic formula.
This is making me think, what skills do I have
that could translate to an Etsy business?
Hmm, interesting.
Okay, let's move on to hustle number four.
Setting up an online consignment store.
Now, consignment, does that sound a little,
I don't know.
Bit confusing maybe.
Yeah, maybe, but it's actually a really clever way
to do e-commerce without having to deal
with all the inventory hassles.
The business world is changing.
You don't always need tons of stock to succeed online.
Okay, I'm intrigued, break it down for me.
Imagine you partner with boutiques, other retailers.
They have great products, but maybe don't have the time
or resources for their own online shop.
So they have the stuff and you provide
the virtual storefront.
Exactly, you set up a Shopify store,
that's a platform built for this,
handle the marketing, sales, all that.
You mark up the prices, and when you make a sale,
you keep the profit after giving the boutique their cut.
So you're like their online sales team basically.
You could say that.
And the beauty is you don't touch inventory,
packing, shipping, none of that.
That's pretty slick.
Vanessa even suggested using Skillshare
to learn Shopify, online marketing, all that.
It's true, there are so many resources out there.
You don't need to be an expert right away,
you can learn as you go.
All right, ready for the fifth and final side hustle.
Hit me with it.
This one's all about building a cleaning agency.
And again, not doing the cleaning yourself.
It's more about creating a business,
connecting clients with cleaners.
Like what is it, a middleman situation?
Exactly, you build a network of reliable cleaners,
then market your services.
So you're like the matchmaker of the cleaning world.
That's a good way to put it.
You handle communication, scheduling, billing.
Taking a cut from each job.
And as your agency grows,
there's potential for some passive income there.
Definitely.
But what are those must have skills for this kind of hustle?
Networking is huge.
Building trust with both clients and D cleaners.
Makes sense.
Plus, good marketing, sales skills
to bring in those new customers.
And of course, you organize, manage everything smoothly.
So many different options, it's really inspiring.
Right, it really highlights,
there's a side hustle out there for everyone.
If you're creative, business minded, a people person,
there's something for you.
Absolutely.
We'll be right back to delve a little deeper
into these fascinating side hustles.
So stay tuned.
And we're back.
You know, it's really cool how Vanessa ties
all these side hustles together
with like empowering women,
that financial freedom aspect, really inspiring.
Totally.
You just feel her enthusiasm.
She really believes in this stuff.
Now, as much as we're pumped about the potential here,
it's important to remember, there will be challenges.
Oh yeah.
No side hustle is just like instant easy money.
Gotta go in with realistic expectations.
Absolutely.
Take that luxury arbitrage thing, for example.
It sounds kind of glamorous,
but it's not just buy a bag, sell a bag, done.
You gotta know how to spot fakes, avoid getting scammed,
understand the whole luxury market, trends, what's hot,
what's not.
Yeah, it's more than just knowing a Chanel bag
when you see one.
Definitely.
And like with any online business,
Shopify, Etsy, even that cleaning agency,
marketing, customer service, those are crucial.
You gotta stand out, build that trust,
keep up with the online world.
It's constantly changing.
Exactly.
And let's not forget, time commitment, burnout, all that.
Most people doing this have a full-time job,
other responsibilities, it's a lot to juggle.
So finding that balance is key.
Setting realistic goals, managing your time,
taking care of yourself so you don't get overwhelmed.
Couldn't agree more.
So yeah, these side hustles have amazing possibilities,
but it's not all sunshine and roses.
Gotta go in with both eyes open.
Yep, rewards and challenges for sure.
Out of curiosity, what really stood out to you
from Vanessa's video?
Was there a huffle that sparked your interest?
Or maybe a piece of advice that really resonated?
Good question.
I think for me, it was that emphasis
on continuous learning.
She talked about using Skillshare,
staying ahead of the curve, always learning new skills.
In this day and age, that's more important than ever.
Totally agree.
The world is changing so fast.
It's not just about formal education either.
It's that mindset, being curious,
seeking out information, always pushing yourself
side hustle, passion project, whatever it is,
that drive to learn will make all the difference.
And that kind of ties back to what we're trying to do here
with these deep dives, right?
Providing that shortcut to knowledge, sparking curiosity,
helping people explore new possibilities.
Exactly, giving you the information, insights,
so you can make informed decisions, take action.
Now, before we wrap up our thoughts
on this whole side hustle thing,
there's one crucial aspect we haven't really touched on yet,
mindset.
Mindset is huge E.
It can seriously make or break you.
It's not just about a good idea or having the right skills.
It's about believing in yourself,
having that grit to push through the tough times.
Embracing the journey, knowing there will be ups and downs,
being open to learning and adapting along the way.
For sure.
And understanding success doesn't always happen overnight.
There will be setbacks, obstacles.
It's how you respond to those challenges that defines you.
So as you're thinking about these side hustles,
or any opportunity really, remember,
your mindset is your biggest asset.
Cultivate that positive outlook, believing yourself.
Never stop learning and growing.
You got this.
And remember, you don't have to do it all alone.
There are so many resources out there,
communities, mentors.
Don't be afraid to seek out guidance,
connect with people, learn from their experiences.
Well said.
All right, ready to move on to our final takeaways.
Let's do it.
Tie it all together, give our listeners some food for thought.
OK, so let's wrap up all this side hustle wisdom
we've gleaned from Vanessa.
Yeah, it's pretty amazing.
Each one taps into a different kind
of entrepreneurial skill set, right?
Suddenly.
You could be all about that market savvy
with the luxury arbitrage.
Or maybe you're more of a people person,
that wedding coordinator vibe.
Or maybe you've got that creative spark,
that Etsy thing going on.
There really is something for everyone.
And it's not just about the money,
either, though.
That's definitely a nice perk.
It's that whole empowerment thing,
flexibility, designing the work life you actually want.
100%.
Vanessa's message is bigger than just the individual hustles.
It's about women taking charge, embracing
that entrepreneurial spirit, seeing the possibilities
beyond that traditional 9 to 5 grind.
I love that.
It's about controlling your financial future,
creating a life you're passionate about.
So as we're wrapping up here, a thought popped into my head.
We've been focusing on the individual benefits, right?
But what about the wider impact of all this?
Ooh, interesting question.
Imagine more women launching businesses leading
in different fields, contributing to the economy
in these new and exciting ways.
Yeah, the ripple effect could be huge.
Not just economic growth, but social change, too.
More women in leadership, different perspectives,
shaping industries, a greater sense of, I don't know,
empowerment for women everywhere.
That's what I'm talking about.
It's not just about individual success.
It's about contributing to something bigger, a movement.
So as you're considering these side hustles
or any opportunity that comes your way,
keep that bigger picture in mind.
It's not just about you, you.
It's about being part of something larger.
And remember, this deep dive, it's just the beginning.
The starting point.
Keep learning, keep growing.
Connect with people who share your passions.
The possibilities are endless.
Well, that's a wrap for this deep dive
into the world of side hustles.
We hope you're feeling inspired, ready to explore
that entrepreneurial path that's calling you.
Until next time, keep diving deep and keep learning.