🧠 A Custom Tufted Rugs Side Hustle
How much you need to retire early & The best Troll of The Week
1. Business idea of the Week: Custom Tufted Rugs
Here’s a side hustle you can start with around $250 and some creativity.
Have you seen these custom rugs on the internet?
They look super cool, and can be made into any design you can think of.
And the best part is that they don’t require some crazy big machine, or years of skill to make.
All you need is a tufting gun, some rug materials, and some creativity + practice.
The idea: Create a custom tufted rug business.
You can come up with your own designs or find customers looking for a custom design.
To get started you’ll just need a tufting gun like this starter pack that comes with the gun and rug materials.
You can also check out the 100’s of tutorials on youtube to learn how to actually create the rugs.
Once you get the hang of creating the rugs, it’s time to find your customers.
You can start by listing your rugs on marketplaces like Etsy, but in order to charge a premium you’ll need to build a brand around your rugs.
Create your Instagram, Facebook, TikTok, & Youtube and start sharing video’s of yourself making the rugs.
I mean… look how satisfying this is…
Once your videos start getting some traction, you can use them to drive traffic to your own Shopify store where you can sell your custom rugs for $250-$300 per rug.
Like this store that’s selling rugs from $250 all the way up to $1,200.
At 3 rugs per week, your pulling in $750-$3,600 / week. Not bad for a side hustle…
Since these rugs have a cool look to them and can be made into any design, you can utilize influencer marketing by sending custom designs to influencers, to get shoutouts to your brand.
For example, send a custom rug to your favorite YouTuber with their logo as the rug. If they think it looks cool enough, they might just put it somewhere in their house, and your rug might just end up on one of their videos.
That’s what we call free marketing.
2. How Much Money You Need to Retire Early.
Does the thought of retiring in your 30’s sound exciting?
If yes, you’re not alone. There’s a whole movement behind the idea of “FIRE”
F I R E = Financial Independence Retire Early
The idea is to make enough money when you’re young so that you can live off of the interest and retire early.
The 4% rule is a simple way to find the exact amount of money you’ll need to retire.
The idea is that you can withdraw 4% of your investments each year without worrying about the total amount of your investments going down.
This rule assumes that your account will grow at an average of 8% per year, so 4% is only half of the gain each year.
An easy way of thinking about this is that for every $100K in your account, you can withdraw $4K per year.
But lets say you need $100K each year to cover all of your expenses.
How much do you need in order to live off of the 4% rule?
You’ll need $2.5 million in your account.
You can see exactly how much you need for any level of income at 👉 this calculator.
3. The Best Troll of The Week
Elon Musk officially took over Twitter this week.
And as you can imagine, there was no shortage of media coverage.
But during all of the events, two dudes pulled off one of the greatest trolls in a while.
Please meet, Rahul Ligam and Daniel Johnson.
These two guys dressed like software engineers, and acted like they just got laid off from Twitter.
And of course the media outlets ate it up 😂
Deirdre Boss from CNBC was quick to publish the news…
But Paul Lee on the Twitter product management was quick to shut down the rumors.
But the best response of all? Elon’s of course 😂😂
“Ligma Johnnson had it coming 🍆 💦”
Do you enjoy reading 3 ideas on Sunday?
Then why not refer a friend, and get rewarded for it? All you have to do is…
Click Here→ Input your email→ Get your referral link→ Send to friends→ Get free stuff