« Side Hustle School

#786 - Stylish Clothes Reseller Becomes Fashion Consultant

2019-02-25

A broke college student learns to buy and resell designer clothes, then transitions the business into a high-end fashion consultancy. He now earns six figures annually!

Side Hustle School features a new story EVERY DAY of someone who started a hustle without quitting their job. You’ll learn how they got the idea, how they overcame challenges along the way, and what the results are.  

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Show notes: SideHustleSchool.com

Twitter: @chrisguillebeau

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This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
Welcome to a brand new weak. What's up my friends, my name is Crystal Priscilla. This is societal school. What are your goals this week? What are you working toward? I hope it's something you here in this week's eclectic collection of stories and to start coming out will inspire you in some way, or at least get you thinking. Remember, there's something out there that you can do so if you haven't heard your hustle, yet maybe this will be the week that you make some progress or, if you're well underway, that's great, keep it going so introduced a broke. College student learns to buy and resell designer close. Then he transitions this business into a high in fashion consultancy, where he now earns six figures. Annually Pretty cool story, like I said at one point, is completely broke and a few semesters later he has more than fifty thousand enclosed lying around his dorm room- are waiting to be resolved.
And then he completely reinvents himself all over again, so only on social school. Will you hear stories like this one from flipper to fashion EAST at two fashion, consult it stay tuned, story is coming up, yarn were jobs, more fun and if they are, then I was assigned to the doors India with Michelob Ultra I'm looking for anyone and everyone who makes working out a blast. That's you! It's a team altered outcome for chances for awesome, perks, like team altogether and more that's team alter at that time to end nobody's nursery opening his residence twenty one plus usual routine, altered. I can listen to daily life. Open minded attitude responsibly, atypical about you like use English Missouri support for this podcast comes from octet. What's your mother's maiden name? What's the name of your first pet? We have another question. Wire security solution. Still asking the same verification questions its twenty twenty. It's time you
business, which is to a security solution that not only is bill for this decade, but can guide you into the next one with an identity, centric approach to security October, was organizations to choose any technology integrated rapidly and deliver a security solution that provides a seamless experience without making a harder for your employees. Often not only push security forward, but it pushes your business forward as well So we ask you one last question: what's your favorite security solution learn more about how you can improve your security are shared with the leader and identity, driven security at Octoo, dot com, slash the answer: that's ok, tee a dot com, slash the answer. Joshua Davis was you,
Regular cash, strapped college student, even eating it Mcdonald'S- was a luxury deprived himself on frugality and once stretched twenty dollars have disposable income through an entire semester. But despite his penny, pinching personality Joshua had one vice. He valued looking good and he loved to wear a nice close the problem. Well, it's gonna obvious. He couldn't forty two Madonna so he definitely couldn't afford those clothes. But one day during his freshman year he found a designer shirt on sale at Macy's. With an original this price of eighty five dollars. It had been marked down to fourteen and absolute steel. He just really one of the short but barely had enough money for gas to get home, let alone to buy clothes. He didn't really neat, but there was something about that shirt, his instincts, in others would be as an throb with it as he was so he decided to place a bet with himself. He signed up for a Macy's credit card on the spot and was given a four hundred dollars. I met with that for dollar limit. He bought thirty shirts, thirty of those fourteen our shirts and rushed back to his dorm there. He list
twenty nine of those shorts for sale on Ebay, keeping one for himself within a week. He saw them all in a doubled, his money after paying off the credit card. Joshua had caught and onto something big. He soon became hooked on flipping clothes for funding prophet. He spent the next year in between classes scouring the discount racks at the major chains, marshals, sacks Bloomingdale's he'd find great deals and sell them for a profit, occasionally keeping some of the inventory for himself with each flap. He made more money and as the pile of cash grew, so did the pile of clay within a few semesters, he was slipping thousands of dollars and merchandise each month and when his senior year old around, he had fifty thousand dollars worth of close sprawled out all over his dorm room. He had no closet space of us, but he was now widely known as the schools fashioned Easter. However, he was also getting tired. Flipping was profitable, but it was a lot of work visiting stories finding the best deals buying products. All that took time.
Space. Then he had a list each item individually on Ebay as well as packaging ship them as they sold. On top of that, although Joshua had a good sense for what would sell, not every sail was a success. Sometimes he would just break even That was all about to change when a new opportunity fell into his well dressed slap one. That would enable him to use his eye for style, for something beyond flipping close is best friend's, dad, Rodney and recently become unemployed. For the first time in twenty years he was going to have to look for work, and that meant interviewing for is entire career. He been a builder It came to apply for different kinds of jobs. He had no idea how to present himself and certainly wasn't clothes minded. Inter Joshua Fashion is due to the rescue after receiving a call from his friend asking for help. He grab some clothes from his inventory. He had plenty of them and headed straight over to help Roddy dressed to impress when he got there. He noticed a change in Rodney becoming unemployed, had taken a toll on him. He was feeling down and lack confidence, but after Joshua worked his magic,
Roddy spirits lifted he cared himself more competently and in no time at all, had landed and new job. This impromptu fashion consulting cause Josh, which are realized. He had a gift for his next phase of hustling. He stroll down a cat, walk to become a fashion consultant at first. He offer the service completely free. You can prospects by word of mouth and kept things basic in the beginning, a little shopping together and some style advice. Eventually he realized it was time to start charging a young professional asking for advice. So Joshua throughout a number one thousand dollars for the consultation. The client agreed and Joshua with sport Can believe he would earn so much doing something that to him came so naturally, from that point there No. Turning back, he was determined to do this for time. He built a website called himself monogram styling. His services would include fashioned advice, shopping and image. Coaching, it wasn't a difficult transition. Joshua had already been offering the service in some form. The only difference was now he would start charging for it. So to do that, he had to work out the right structure
He looked at the business models of other image, consultants and selected, an hourly rate of two hundred and fifty dollars a few of his early client Scott, the price, but others accept it. In time he holders pitch was able to convert a lot more people. Since many of US clients were business professionals, he found the best approach was to talk in terms of our oh, I a return on investment. He break the closing down into costs per where he would talk about his services, allowing clients to attract better opportunities and be taken more seriously in life career. It took some time to get the balance right, but I figured it out. Anyone looking to shop, it may cease or other discount department stores, wasn't the right fit. He maintained a focus on executives and high net worth individuals in time, as he served more more those types of people they began to refer him to other ideal clients. Joshua has fulfilled his dream, he's not able to do this full time and earn a solid six figures per year. Doing it. He currently Circe. Fifty eight private individuals and an additional forty corporate clients in any given Montel, bring on one
you know clients and typically works with around eight of them at any one time, from his days in the dorm room, surrounded by clothes, waiting to be shipped out to him. Will surely now brings to customers, homes and offices? Joshua continues to turn heads wherever he goes, awesome. Stop we can take away from this story. First of all, congratulations to Joshua Superfund! I would look at this mentality of buying thirty shirts he's broke. He finds this short he wants to buy, really can justify it. And even though its fourteen hours, but then he has this idea of buying into resell instead of just buying a couple of extras, which is probably the logical thing that most people do. He buys thirty eight, because the forty eight hour limit on his credit card and and MAX's it out. Basically taking that risk now I said it was a risk. I said it was a gamble in the story, but
now the reality as in the worst case scenario, if he doesn't sell those shirts, he could return them. I mean you could walk back to Macy's next week on sale. In return, you know twenty nine shirts or thirty shirts or whatever it is it not ideal, but that's what he could do and also at that price. You know it's an eighty dollars shirt marked down to fourteen dollars. He felt pretty confident that he can least sell it for more than that right, so he's not going to lose money he's probably to make at least a little bit of money. You know and as we heard the story actually double this money, which inspired so much more. That was to come later right. So reselling, as I say from time to time, is a pretty simple business model that just about anybody can do. It may not be what you want to do for the rest. Your life, if you ve ever done this before it could ever had a side are so. This is something you can do to get started right away, but it does have a lot of potential, and this is what I started
doing twenty years ago, and it turned into a lot of things for me as well, so that when it comes to making the transition in historic to image, consultant fashioned, insulted image consultant here's some of his advice in his own words went to pass the sun. He said you know, discover who your market is, and just, as importantly, who isn't offer me, this took a bit of trial and error. Getting it right back, I'm still fine tuning. The message had to figure out how to turn down those customers who wanted to shop. It Macy's. That's just not a good faith is not what we do so again. Discover who you're market isn't. Just importantly, who it isn't also really basic but solid advice when you're just getting started- so I hope you enjoy the story as your weakest starting off over there or wherever you are whenever you're listening. Inspiration is good, but inspiration with action is better than they shone out, including links to his project and anything else. We can think of hearts out of school. Dotcom, slash, seven, eight six as episode, seven hundred and eighty six. Thank you so much I'll be back again tomorrow. My name is critical
and this is side also squad from the onward projects.
Transcript generated on 2020-04-27.