Discover more from 3 Ideas on Sunday
🧠 A Side Hustle to Start with $150
and the Paypal Mafia
Estimated read time: 2 minutes 25 seconds.
1. Business idea of the Week: Government Surplus Flipping
This week’s idea is a side hustle that anyone can start with a few hundred dollars.
Ever wonder what happens to old government property like work trucks, furniture, or equipment? It’s auctioned off to regular people like us.
No joke. Check out this Black Hawk helicopter for sale right now, with a current bid of $408,500.
This is a relatively simple side hustle, and works best if you have knowledge in a specific product category. For example, if you know how to fix up lawn mowers, and have a good idea of what used lawn mower is worth.
Here’s a Husqvarna riding lawn mower with a current bid of $150. If you know a used one usually goes for $500, and you can fix it up for an extra $100, you’ve got yourself a $250 profit.
Next, you need to monitor the site daily and start putting in your bids. The sales are in auction format, so to win, you just need the highest bid at the end of the auction.
Once you purchase an item, you can fix it up or sell it as is using Facebook marketplace. Easy as that.
Things I like about this Side Hustle:
Super easy to get started. (You can sign up for an account and start browsing right now).
Low start up cost. (Start with a few hundred dollars).
Ability to make big profits. (The deals are there. You just have to find them)
Let me know what you think!
2. The Difference between a Boss & a Leader
Have you experienced a Bad Boss? If so, you know how important it is to strive to be a Leader instead of a “Boss”.
Here’s what makes a good Leader.
Serves the team, instead of expecting the team to serve them.
They don’t ask their team to do something they wouldn’t be willing to do.
Laser focus on the mission
They understand that their workload will only increase as they progress. (won’t get easier)
This graphic perfectly depicts a Boss vs. Leader:
3. The PayPal Mafia
Do you know what Elon Musk, Peter Thiel, the founder of Youtube, the founder of Yelp, and the founder of LinkedIn all have in common? They all worked at Paypal.
Check out all of the companies that were created by early Paypal employees:
$30 billion is actually an extremely low estimate, since Tesla is worth over $900 billion itself.
So, if Paypal never existed, would Youtube exist today? The world will never know…
Thanks for reading 3 Ideas on Sunday! Subscribe for free to receive new posts.