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The Side Hustle Show

652: $150k Renting Out Dresses as a Side Hustle

The Side Hustle Show

Nick Loper

Business, Education, Entrepreneurship, How To

4.71.6K Ratings

🗓️ 23 January 2025

⏱️ 48 minutes

🧾️ Download transcript

Summary

In 2022, Summer Fisher discovered the world of renting out dresses. "Oh, well, I have all these dresses. Let me just put one up," she told Yahoo Finance. Now with a streamlined inventory of around 200 pieces, she made $150,000 last year using what she calls a "double-dip profit strategy" — renting dresses multiple times before selling them for more than she paid. (Check out her free masterclass at theprofitcollective.co/RookieResellerMistakes.) Tune in to episode 652 of The Side Hustle Show to learn: Summer's favorite brands to rent out. Her pricing and profit margin math on her inventory. The logistics of shipping and selling dresses. and more. Full Show Notes: $150k Renting Out Dresses as a Side Hustle New to the Show? Get your personalized money-making playlist here! Sponsors: Airbnb — Discover how much your home could be worth and find a professional co-host today! Mint Mobile — Cut your wireless bill to $15 a month! Indeed – Start hiring NOW with a $75 sponsored job credit to upgrade your job post! OpenPhone — Get 20% off of your first 6 months! Gusto — Get 3 months free of the leading payroll, benefits, and HR provider for modern small businesses!

Transcript

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0:00.0

$150,000 renting out dresses. What's up? What's up? Nicolaoper here. Welcome to the side hustle

0:07.2

show because your nine to five may make you a living, but your five to nine makes you alive.

0:12.8

Now here's a side hustle that earned just 160 bucks in its first month. That came from just

0:17.2

two customers, but it was enough. It was enough traction to know that she was

0:21.5

on to something. Since then, my guest has scaled to over 200 different garments, bringing in

0:26.4

$150,000 in rental income last year. She is at the Profit Collective on Instagram. Summer Fisher.

0:34.7

Welcome to The Side Hustle Show. Thank you. Thanks for having me.

0:38.0

You bet. Stick around in this one. We're going to learn how this business and the math behind it works,

0:43.6

the delivery and logistics piece behind moving clothing all around the place, and some of the

0:49.3

marketing best practices that you can follow along if you want to start something similar.

0:53.4

Now, you know, I love

0:54.7

a fun rental business, but dresses certainly aren't the only thing that you can rent out

0:59.0

for a profit, which is why I've put together a list of 25 other unconventional things that

1:03.8

you can make money renting out. That is yours free to download at the show notes for this episode.

1:09.2

Just follow the link in the episode description, and it'll get you right over there. Now, some of my understanding is you started

1:16.0

as a more traditional reseller, like go to the thrift shop, find the brand name designer type

1:22.5

of stuff that you think is undervalued and flip it. Buy low, sell high. Simple. So what inspired the shift

1:30.5

to the rental business? Well, I'm actually still reselling and it is actually probably still a

1:36.0

bigger part of my business. Oh, okay. Yeah, so I saw an opportunity for the renting. So what

1:41.6

happened is I've had a model agency for 15 years. That started as another

1:45.4

side hustle, which is a story for another day. And I was in my agency one day and a girl came in,

1:52.3

one of the models came in and said she was starting a dress rental business. And I was like,

...

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