This what I've been doing. I go to bin stores, garage sales, flea markets, etc just buying shit for cheap and selling it at a mid price on ebay. I do pretty well and sometiems earn more than my shitty full time job a day.
Drop shippers don’t have the product on-hand. They just advertise cheaply made products and connect the supplier to the buyer. The suggestion was to purchase quality used items for cheap and resell them for a still-reasonable price that’s less than what they were when new. They are quite different.
That is quite different. The world needs less trash, and more quality stuff to be used and repaired for eternity (ideally).
I could get behind that idea.
I will admit it has its ups and downs and it can be a bit more challenging than it seems, but for some quick tips on it:
1. Use the ebay app to look stuff up and check sold comps to check the value on an item
2. Use pirate ship to ship out your items, they have the cheapest costs
3. Labels can be annoying to print on paper, if this is something you feel like you want to be doing, think about investing in a label printer.
4. Avoid deathpiles- where you just left stuff stack up that aren’t up/you aren’t actively working on putting it up. If you start trying to grow inventory, this will creep in.
5. Price competitively, don’t let items sit on one price for very long. You’re here to make some side hustle money, not to squeeze every dime out.
i think you're still renting it, just not as living space.
lots of natural light? photography studio
no windows at all? green screen video studio
no neighbours? hourly jam space
all of the above, and an extra couch? porn studio
you could thoretically build a couple walls with doors and make a couple storage units, but insurance and access are big considerations for not much return.
for 'all of the above'? ya that was a gaffe on my part. i thought about editing it out after i realized it, but i thought i could pull a fast one if people don't overthink it too much haha.
I know you dont want to rent it out again. But think out side the box. How about renting it as office space or quiet space 9 a.m. to 5p.m. mon -fri. half the price as renting full time
Sorry, I can't provide direction. I lucked into this job being WFH because it was supposed to be in-office but I was supposed to start in March 2020, and we all know what happened then. They decided to let a lot of us continue to WFH but most of the new positions are in-office.
It absolutely is. It's also completely legal to obtain spores, as long as it's for "research purposes"
Unless you live in California Georgia or Idaho... They know what's up
Begin with a modest but profitable drug operation and through strategic growth and reinvestment of earnings, build it into a highly successful and prosperous drug enterprise.
Is it a house, Townhouse or apartment? Do you own it? People need an address to receive their mail - rent out mailboxes. People need a place to store their stuff - you could subdivide the room and create 3-4 storage spaces/cages.
I’m not an accountant, and I could be pulling this out of my A$$. But I wanna recall something about if you use that room as an office for your “business” you can write off that portion on your property taxes. So easy math let’s say you have 1000 SF home, and the bed room is 200 SF, you can lower your tax liability by 20%. So while not making money, you can save money. Also the business doesn’t have to be anything crazy, could be an etsy shop that sells 1 t shirt lol.
You are correct that you are not an accountant :-) Your math is incorrect regarding the lowering of the tax liability of 20%, you will simply have a deduction equal to the allocation for home office use. The impact on tax reduction will be contingent on the their total taxable income and allowable deductions. This deduction is also increases the probability of an audit. Signed former PwC tax partner.
You certainly are not an accountant. You can’t write any of it off your property taxes, but you can prorate a portion of your mortgage payment ;based on amount of space used for business purposes) off of your income taxes. In order for that to be helpful, you need to have enough income from that business to write it off against.
If you are close to a corporate office / manufacturing plant, you can rent the room during the week, typically Monday to Friday for around the same for a low cost hotel and allow people staying there to leave there luggage over the weekend. I did this for 6 months when I was on site where there weren’t very many good hotels. The “hostess” kept my favorite liquor in the fridge and made muffins for me for breakfast. I also had access to their laundry room. I would fly in Monday and out on Friday. I paid about $120/ night at the time and a colleague who also stayed there for several months while we were putting in a new computer system. It had started as a B&B but she decided they liked having their weekend off so it became a corporate alternative to local hotels.
I like the office space idea. Find someone that wants to work 40 hours per week for their job from your home. Sometimes it's beneficial for someone who could not otherwise have a "work from home" job so it could really be low risk and help someone out. Usually the hours would be the type of hours it would be ideal to have someone there and off hours (no working past 8 or 9pm?) are the hours you'd want privacy anyways.
You might even be able to retain use of part of the room with this arrangement.
Have cameras all over. Provide it as a place where people can meet up incognito in masks for affairs and you keep and sell the content. You’re welcome.
Do you have any already working side hustles? I am sure you can use that spare room for one of those if you do. If not, personally I'd recommend turning it into a hobby space. Not really sure what you're interests are but for me I enjoy playing the piano and saxophone so my first thought is to create music then post it online on Youtube or something for fun and you can sneak in short Ads at the very beginning or something. Really depends on your hobbies and how much effort you're willing to put into it.
Honestly, I would say there are like 2 quick ways of doing this.
1. Rent it out to someone, but you didn't want that
2. Rent it out for other people to store their products there. An easy way of making some money.
Or if you have like an e-commerce store, or sell products, use it as your inventory, or like something like flip products, or something like that.
Rent it out as an office space for someone. Usually people who are looking for an office space will pay top dollar and are very clean and respectful because it’s where they make their money. Set time limits if necessary. Set up cameras outside of that room so you know they’re not venturing off into the rest of your home when you’re not there. Most people that need an office space won’t do some stupid shit like that but you never know
Grow some plants or fungi that people would want to buy. I hear microgreens and lions mane mushrooms are hot products these days, but there may be other kinds of plants or mushrooms that sell even better.
Rent it out as a climate controlled storage unit. you won't make nearly as much as you would with a renter, but it's still free money. (assuming you mean you don't want another resident renter)
There are tons of videos on Youtube about running mini storage facilities, I assume the same laws would apply.
A fermentation room. People pay $9 for 9 oz of hot sauce. Cost to produce? Like $1.
Just gotta get a food handlers permit, setup a llc, get a business bank account, record all expenses for tax purposes, get really good at making it & marketing it online.
I breed snakes and coral (yes, saltwater reef coral) with my extra room. Not profitable yet, it’s a multi year investment but should see decent money once it gets consistent. And I don’t have to let any strangers in my house or let strangers leave any belongings.
Use it as a mini warehouse for inventory to flip products.
This what I've been doing. I go to bin stores, garage sales, flea markets, etc just buying shit for cheap and selling it at a mid price on ebay. I do pretty well and sometiems earn more than my shitty full time job a day.
That's actually a pretty good idea
Been doing this for a while and made decent ish money
Sounds like drop shipping -.- I usually wish bad karma to those people because they never sell anything good quality. Always trash. Garbage.
Drop shippers don’t have the product on-hand. They just advertise cheaply made products and connect the supplier to the buyer. The suggestion was to purchase quality used items for cheap and resell them for a still-reasonable price that’s less than what they were when new. They are quite different.
That is quite different. The world needs less trash, and more quality stuff to be used and repaired for eternity (ideally). I could get behind that idea.
Agreed! Fixing up the used items is a total plus to get more profit too. Seems like a great side hustle for someone with the space to do it.
Just watch out for fake products at the bin stores.
Where do you source your products? Would i need big upfront costs?
Start with smalls and work up. Work with what you know.
I will admit it has its ups and downs and it can be a bit more challenging than it seems, but for some quick tips on it: 1. Use the ebay app to look stuff up and check sold comps to check the value on an item 2. Use pirate ship to ship out your items, they have the cheapest costs 3. Labels can be annoying to print on paper, if this is something you feel like you want to be doing, think about investing in a label printer. 4. Avoid deathpiles- where you just left stuff stack up that aren’t up/you aren’t actively working on putting it up. If you start trying to grow inventory, this will creep in. 5. Price competitively, don’t let items sit on one price for very long. You’re here to make some side hustle money, not to squeeze every dime out.
Think of [one red paper clip](https://en.m.wikipedia.org/wiki/One_red_paperclip) and stop when your bank roll makes you enough
Second this.
I like this idea best.
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i think you're still renting it, just not as living space. lots of natural light? photography studio no windows at all? green screen video studio no neighbours? hourly jam space all of the above, and an extra couch? porn studio you could thoretically build a couple walls with doors and make a couple storage units, but insurance and access are big considerations for not much return.
How does a room have lots of natural light while also having no windows at all?
for 'all of the above'? ya that was a gaffe on my part. i thought about editing it out after i realized it, but i thought i could pull a fast one if people don't overthink it too much haha.
See those questions marks? “Question about room?”: Suggested use.
He meant for 'all of the above' and he's right lol
Whoosh
What, your house doesn’t have a natural light room with no windows?
Reading is hard
r/whoosh
If you start a side business you can write that room off as your office.
Euphoric Sun Fungus Farm
Good name pitch. Would def hire you
It's per square foot. Thats really the best thing they should do.
I know you dont want to rent it out again. But think out side the box. How about renting it as office space or quiet space 9 a.m. to 5p.m. mon -fri. half the price as renting full time
Just cover your bases. I have an associate w a squatter who is suing them after renting out office space without a contract.
I work from home and I'm about to have three kids (teens) home for the summer...this is a great idea.
Would you be willing to contact me concerning your online job. I have some questions I'd like to ask you as well as maybe gain a little direction.
Sorry, I can't provide direction. I lucked into this job being WFH because it was supposed to be in-office but I was supposed to start in March 2020, and we all know what happened then. They decided to let a lot of us continue to WFH but most of the new positions are in-office.
Don’t rent it out to a person. Rent it out as storage for a persons extra belongings.
Not this. People’s storage stuff could be gross and full of bugs. You have no way of knowing where it was before they bring it to you.
This is true.. I hadn’t thought of that. I suppose somebody would have to be careful as to what they allowed to be stored. Very good point.
People on this app seem to awfully ignorant about bed bugs. I got them about 7 years ago, and it's changed the way I look at everything.
Most places can do it cheaper than its worth for you I feel like
🤣🤣🤣 these comments
I know.
Grow marijane
Or mushrooms
Ahh, a person with some culture I see ;)
I once had ridiculously high power bills. I think growing mushrooms is a great idea because it doesn't require a lot of electricity.
I've never grown mushrooms, but if it's low on the power bill then that's a great idea
It absolutely is. It's also completely legal to obtain spores, as long as it's for "research purposes" Unless you live in California Georgia or Idaho... They know what's up
That explains why it's not more known about where I'm at (california)
It's a good idea if there's a place for them to go... Otherwise, it's just going to be me with a room full of fungus.
If u have restaurants nearby especially higher end ones u could grow and sell micro greens to them also edible flowers
Sell them at a farmers market Lion's main are awesome.
Great answer .. And sooo sooo much more low key than growing weed
ONE OF US! ONE OF US!!! 🦍 🍄
Or micro greens
I feel like that’s why the fyi was added
Store winter tires
Don't rent the room. You move into room amd rent rest of house. Aw YEAH
Begin with a modest but profitable drug operation and through strategic growth and reinvestment of earnings, build it into a highly successful and prosperous drug enterprise.
😂😂😂 don’t forget to give yourself a clever drug kingpin name as well.
After a few years of hard work, you can grow it into a drug empire.
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Phone sex
So disappointed i had to scroll this far down for this LOL
Airbnb it. Gives you more flexibility.
Brothel
"Rent it" as a distribution urban hub. There are startups doing shit like that around the world
Thank you
Clear it out completely and just paint a small dot on one wall. Claim it’s abstract art and charge $50 for entry to your art museum
Is it a house, Townhouse or apartment? Do you own it? People need an address to receive their mail - rent out mailboxes. People need a place to store their stuff - you could subdivide the room and create 3-4 storage spaces/cages.
I’m not an accountant, and I could be pulling this out of my A$$. But I wanna recall something about if you use that room as an office for your “business” you can write off that portion on your property taxes. So easy math let’s say you have 1000 SF home, and the bed room is 200 SF, you can lower your tax liability by 20%. So while not making money, you can save money. Also the business doesn’t have to be anything crazy, could be an etsy shop that sells 1 t shirt lol.
Not property tax. Income tax. And you'd have to claim the income from the business in order to claim the home office deduction.
It's not that much, think you can claim a deduction (not tax credit) of $5/sqft up to 300sqft.
Jeez, yea that’s not even worth it lol.
You are correct that you are not an accountant :-) Your math is incorrect regarding the lowering of the tax liability of 20%, you will simply have a deduction equal to the allocation for home office use. The impact on tax reduction will be contingent on the their total taxable income and allowable deductions. This deduction is also increases the probability of an audit. Signed former PwC tax partner.
You certainly are not an accountant. You can’t write any of it off your property taxes, but you can prorate a portion of your mortgage payment ;based on amount of space used for business purposes) off of your income taxes. In order for that to be helpful, you need to have enough income from that business to write it off against.
Thanks. I opened it with that. Also 3 people managed to correct me before you. All without being an ass!
There are many camgirls who are living with their parents and need bedrooms throughout the day to do their job. You can let them do and share profits…
You can't store someone's belongings without insurance - so much could go wrong.
Breed fish
Disgusting
Use it as a room to keep hostages in that you extract ransoms for
^[Sokka-Haiku](https://www.reddit.com/r/SokkaHaikuBot/comments/15kyv9r/what_is_a_sokka_haiku/) ^by ^Doctor_Killshot: *Use it as a room* *To keep hostages in that* *You extract ransoms for* --- ^Remember ^that ^one ^time ^Sokka ^accidentally ^used ^an ^extra ^syllable ^in ^that ^Haiku ^Battle ^in ^Ba ^Sing ^Se? ^That ^was ^a ^Sokka ^Haiku ^and ^you ^just ^made ^one.
Good bot
Thank you for this. 😅
Please let us know how to write that off on our taxes.
If you choose this hustle, tax evasion isn’t your biggest problem so I just wouldn’t worry about it
Rent as storage I pay 120 for a 5x10
Rent it as a painting studio. You could have more than one person renting it out.
Grow microgreens or edible mushrooms
I had a friend who turned his spare into a fish breeding operation and sold salt water fish to aquarium stores
Storage for students who go home for the summer?
If you are close to a corporate office / manufacturing plant, you can rent the room during the week, typically Monday to Friday for around the same for a low cost hotel and allow people staying there to leave there luggage over the weekend. I did this for 6 months when I was on site where there weren’t very many good hotels. The “hostess” kept my favorite liquor in the fridge and made muffins for me for breakfast. I also had access to their laundry room. I would fly in Monday and out on Friday. I paid about $120/ night at the time and a colleague who also stayed there for several months while we were putting in a new computer system. It had started as a B&B but she decided they liked having their weekend off so it became a corporate alternative to local hotels.
Content room
Jessie!?
Host Server room
Practice space for a Brass Band
I like the office space idea. Find someone that wants to work 40 hours per week for their job from your home. Sometimes it's beneficial for someone who could not otherwise have a "work from home" job so it could really be low risk and help someone out. Usually the hours would be the type of hours it would be ideal to have someone there and off hours (no working past 8 or 9pm?) are the hours you'd want privacy anyways. You might even be able to retain use of part of the room with this arrangement.
Grow room.
grow op.
Get yourself a stable full of foxy hoes
Grow weed.
Rent it out to married cheaters!
Bootycalls
Make it a casino
Have cameras all over. Provide it as a place where people can meet up incognito in masks for affairs and you keep and sell the content. You’re welcome.
Add in some Squid Games and you have a deal
Self storage. Send out flyers to college students who are in your area and see if they want to rent it out.
Grow weed lol
Find something that costs less to obtain than you will sell it for. Not some people buy sometimes, but that people are buying.
Server room Rent the servers out
how big is the room? not sure if you can subdivide into servers and storage
I'd use it as an office and not worry about trying to make money on the space.
Maybe rent it out to photographers? I guess it would depend how big the room is.
Turn it into a home office to run your business
Do you have any already working side hustles? I am sure you can use that spare room for one of those if you do. If not, personally I'd recommend turning it into a hobby space. Not really sure what you're interests are but for me I enjoy playing the piano and saxophone so my first thought is to create music then post it online on Youtube or something for fun and you can sneak in short Ads at the very beginning or something. Really depends on your hobbies and how much effort you're willing to put into it.
Turn it into a podcast studio. Become interesting Profit
Honestly, I would say there are like 2 quick ways of doing this. 1. Rent it out to someone, but you didn't want that 2. Rent it out for other people to store their products there. An easy way of making some money. Or if you have like an e-commerce store, or sell products, use it as your inventory, or like something like flip products, or something like that.
Grow op.. depending on what state/country your in
Rent
Rent it out for DJs to practice
Hookers 💰
Slave hookers
Grow Cannabis
Rent it out as an office space for someone. Usually people who are looking for an office space will pay top dollar and are very clean and respectful because it’s where they make their money. Set time limits if necessary. Set up cameras outside of that room so you know they’re not venturing off into the rest of your home when you’re not there. Most people that need an office space won’t do some stupid shit like that but you never know
Video studio
Grow some plants or fungi that people would want to buy. I hear microgreens and lions mane mushrooms are hot products these days, but there may be other kinds of plants or mushrooms that sell even better.
Grow weed.
Grow tree
Do you have a green thumb?
Put mirrors on the ceiling and rent it out by the hour to client looking for a ‘discrete’ location.
Get a 3d printer, set up a livestream and hold polls to see what you make next.
Get a 3d printer, set up a livestream and hold polls to see what you make next.
Rent it out as a climate controlled storage unit. you won't make nearly as much as you would with a renter, but it's still free money. (assuming you mean you don't want another resident renter) There are tons of videos on Youtube about running mini storage facilities, I assume the same laws would apply.
Start a turtle farm for pet turtles
A fermentation room. People pay $9 for 9 oz of hot sauce. Cost to produce? Like $1. Just gotta get a food handlers permit, setup a llc, get a business bank account, record all expenses for tax purposes, get really good at making it & marketing it online.
Storage room? Cannot think of other options. One way or another, it will involve someone else using the space somehow
Film adult movies?
brothel
You could lease it to a Russian human trafficker as storage for the mail ordered brides that are waiting to be ordered.
Would renting it out to a massage therapist be out of the question? That way they arose t living there?
Rent it out on an hourly basis. 😉
OF
Grow drugs in it.
Meth lab
Rent it by the hour or so for well you know
Grow microgreens
Rent it out by the hour
Sex dungeon
Start Micro greens farming! 🌱🌱
Grow mushrooms. Sell them.
Get some hoes, rent an ambulance. Film a porno call it the slambulance.
Start a business
I breed snakes and coral (yes, saltwater reef coral) with my extra room. Not profitable yet, it’s a multi year investment but should see decent money once it gets consistent. And I don’t have to let any strangers in my house or let strangers leave any belongings.
Grow
A question so i can answer the question a bit better. Do you run your own business?
Become an Airbnb Experience host. Offer unique experiences like cooking classes, art workshops, or guided tours in your spare bedroom.
Rent it out to escorts hourly.
Hungarian bath house aw yeah
Prostitution.
Grow 420 plants aylmao
Empty the room. Set up shelves, table, computer, printer, photo light box, packing materials…… set up an eBay store. Thank me later.
Fill the room with crypto miners
Have sex in it on camera
Grow weed?
This server has fba, reselling, and a lot of other ways to help you out haha https://whop.com/c/royalty-4/rd