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The Side Hustle Show
652: $150k Renting Out Dresses as a Side Hustle
Jan 23, 2025
Summer Fisher, an entrepreneur who scaled her dress rental side hustle to $150,000 in annual revenue, shares her inspiring journey. She discusses her "double-dip profit strategy," renting dresses multiple times before selling them. Summer reveals her favorite brands for rentals and dives into her pricing strategy, including profit margin math. She also tackles logistics like shipping and managing inventory while navigating common rental challenges, such as late returns and garment care.
47:50
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Quick takeaways
- Summer Fisher successfully transitioned from reselling to renting dresses, scaling her inventory to 200 pieces and earning $150,000.
- Understanding current market demand and customer demographics is crucial for selecting styles that resonate with renters, especially for events.
Deep dives
Leveraging Airbnb's Co-Host Network
Airbnb offers a co-host network that allows hosts to outsource the management of their rental properties. Professional co-hosts handle essential tasks such as creating appealing listings, managing guest communications, and providing on-the-ground support. This enables hosts to generate income from their properties without being constantly tied to their phones or involved in day-to-day operations. By utilizing this service, hosts can effectively enjoy additional cash flow while focusing on other personal commitments like travel or family time.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode