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Posts tagged with: tips

Side Hustles June 2014 Edition

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So far this month there really isn’t much to say on the Side Hustle front. But I did want to go into detail over a few details.  

$257.26 First Check from Contract.  This was for eight hours of work and Mileage.  There were a few hiccups with this project, the first being that I agreed to a bigger area of coverage.  I didn’t account for some of the locations to be over a hour to get to (Which I do not get paid for.)  So that eats away at the profit.  

I could look it as in the eyes of an employee, who doesn’t get paid to commute to and from work. But I always look at the amount per hour that I make, so I can average it out, so I won’t look at it from that prospective.  

Second thing, I am not getting paid between locations.  No matter what company I have contracted with they have always paid between locations during the same day.  I have worked with this company numerous times and this is the first that this has happened.  I had to reach out to my point of contact and she is asking around, for this shouldn’t be.  

Another thing to note that this company doesn’t pay the maximum amount per mile to a location, I will be able to deduct the difference on my taxes.

$117 Tips From Clients.  This amount is a little higher than normal and I am not sure the reason.  I am believing it to be that this month is the half way mark of the year, so people are tipping me accordingly.  

Usually I only count the cash tips I receive from Clients, simply because if they used their credit/debit cards to pay that amount doesn’t come directly to me that day, I get it in my monthly check the following month.  These card tips usually evens out my supplies expense.  

$137.30 Amazon Profits.  This was a great month so far with the cereal I placed in Amazon.  I made a post in the middle of last month, that I did a Reevaluation and decided to keep Amazon in the arsenal.  Turns out it was a good decision and bad.

Amazon Orders June 2014

Unfortunately being so new to this, I made a few mistakes this month.  The biggest is that I bought around 500 cans of Chef Boyardee to send into Amazon on the cheap. Everything was looking great, it had a great sales rank (meaning it was selling well), I would be getting about 150% ROI on the product.  After all fees were taken out, I would make about $16 for a pack of 24.  

What I did not take into account was the weight of these cans.  Since you can only send 50 pounds per box into Amazon, I would go through a lot of supplies to ship them, plus the shipping fee would eat away a good amount of profit.  So I decided to sit on these products.  I will be probably going to some Farmer’s Markets to sell some of my coupon overstock.  Plus I might bring some used stuff.  Seems like a good way to spend a few days.  I will probably make about 80% ROI selling them through this venue, which is still good, but I definitely would have made more through Amazon.  

Another thing is that I decided to forgo the Pro Seller account, which costs $40 per month.  From what I read is that once you start selling 40 items a month is when you should go Pro.  The biggest benefit being that they don’t charge the $1 per order fulfillment fee.  So basically if you sell 40 items or more a month, this is a no brainer.  

For the month prior I had the free trial of the Pro Selling Plan.  Well now that I am on the Individual Selling Plan, Amazon reserves money from orders confirmed as shipped during the 14 days immediately preceding each settlement date (the day they pay the merchants.)  So now I have to wait for all my money to be disbursed throughout the month.  

Today I received $5.94 out of this amount.  Then I will receive $51.51 on July 1st.  It kinda sucks, maybe I should pay the $40 a month?  It probably will motivate me more to sell 40 items each month don’t you think?

Well there is still six days left in the month, wish me luck!


Side Hustles April 2014 Version

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Coin Faucet

A lot of people expressed that one of the ways they were able to eliminate their debt quickly is by finding ways of saving money and/or making money.  I really took it to heart (even though it appeared as if I didn’t), and started thinking of ways I could do more “side hustles.”  This month has been pretty good on this aspect.  And even though it isn’t much, every little bit helps right?

Before beginning the list on how I made some extra money, I wanted to give an update on the three possible contracts.  Out of the two contracts that looked like they could be winners, I heard back from one of them, and everything seems pretty good… Until the lady said I had to do a “HireVue.”  Anyone ever hear of this?  This isn’t uncommon for my line of work, since many of the clients are across a few states.  It basically is where I would be interviewed online.  Now usually this means a Skype call with every person in the process which I can usually nail really good,   But the company that I was doing this contract with decided a little bit ago to basically do a video recording where they ask you questions and you speak right to your webcam, with nobody on the other end.  I didn’t know what the questions they were going to ask me and had three minutes to answer them.  

Now they did give some practice questions, which I could retake as much as I wanted.  So when I went to the real questions I thought this would be the same way.  Nope!  Had three minutes and no retakes.  Well I think I tanked the HireVue, but I still have some leverage as I worked with this company many times before, so hopefully that will be enough. 

I also had the Skype Interview with the well known marketer that I really want.  I didn’t bring much to the table with this one, but as he pointed out that he was only looking for entry level.  So we will see how that goes, he told me by next week he will make a decision.

Anyway here are some of the ways we made extra money this month, not including things that I do regularly for my business.  From here on out, I am considering the Amazon venture part of my business, as it has been proven to me that this is a viable way to make money.

  • $225 Gas Money from my Buddy.  At the moment I am not sure if I broke even on the gas situation or if I made/lost money.  I will know for certain in a few days when I do my budget analysis.  I am thinking/hoping I came out ahead.  But if I didn’t, this was for my best friend, I know he would have done the same for me.
  • $25 Gas Card from Client.  A little bit ago I got a phone call from a distraught newspaper client.  For the past few years, since I have been delivering their paper I been throwing their paper in their yard.  They trained their dog to get their paper.  Well it turns out their dog died.  I really felt bad and sent them a card, stating I was sorry for their loss.  Now I didn’t do this for any type of benefit, just knew that losing a dog is like losing a child.  Well the card meant a lot to them, and I was left a $25 gift card to my local gas station.
  • $70 Tips (plus a box of chocolate) from Clients.  I get many cards and tips throughout the year from different clients, stating that I am the best carrier.  And even though this is just me delivering things to people on a very regular basis, I do it to the best of my ability.  This money will be put in my emergency fund.
  • $86.85 Total Amount of Commissions my wife made from her Younique Business.  If you read my Author Box, it states that I am trying to get her direct sales business off the ground.  It is a little hard when we have so little money to get her the stuff she needs to do a vendor show.  Another drawback is that the makeup she sells is a little expensive for our neighborhood, so she mostly is trying to gain traction in a cold market.  It is starting to see some success, and she was promoted to the next level in her business.  This money will stay on the card that we got for the business and it will be reinvested back into the business.
  • $65 Affiliate Sales from People.  At the beginning of the month I offered up a service to my wife’s teammates, where I would set up a domain and blog for them for free.  I informed them that the hosting companies they chose paid me a commission for sending them a client, so that was how I was getting paid.  There was an up sell to this that I would design the blog for cheap as well.  Now this $65 I won’t receive till I break $100 threshold, which is just one more client, plus they pay the next month.  So if I get another client in the next few days, I would get paid middle of next month, if not the amount rolls over and I get it the following month.
  • $50 Doll Selling to a Friend.  I mentioned in a previous post that my daughter really doesn’t play with anything.  Well one thing she loves is Monster High (she has had two birthday parties of this theme.)  Well she wants everything Monster High, and with that we started collecting all the dolls.  She has almost every doll opened.  And just like Barbies there is many different versions of the same doll.  We have about a dozen or two unopened.  I sold five dolls!  This money will also go into funding the emergency fund.

Well that’s about it.  Later today I will go over my debt payoff, be on the lookout!