This post from AcceleratedFI reviews the writer’s side hustle flops and there is tons to learn here.
Some of the oops moments:
- Violating someone’s patent
- Following the allure of ‘cost per click’ and creating sites around products [i.e. tooth implants] he knew nothing about.
- Inventing a product, but victimized by poor performance at the Asian factory.
- And in his ‘garlic press’ venture…”This meant if I sold them for $10 and Amazon took a $4 cut for fulfillment/shipping fees, I was netting $6 and my cost was $7.50. I’m losing $1.50 on every sale I make…”
The post does lead off with:
Disclaimer: This post is sponsored by PSECU, a Pennsylvania-based credit union but hey, I’m there to glean a little information, so, not a problem.
Jim has since moved on to more successful ventures and offers his free PDF of his 7 favorite side hustles here.