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She left the corporate grind earlier this year and turned her side gigs into a full-time job. Her last position before moving into full-time self-employment had a base salary of $94,000. Advertisement"I was at this job, wasn't totally happy with it, and I knew I had been making decent money doing my side hustles part-time," she said. "When I'm doing that, I'm like, oh, I couldn't be doing this right now if I was working my corporate job," she said. Have you left your corporate job, made a career change, or turned your side hustle into a full-time job?
Persons: , Amber Smith, Smith, it's, I'm, wasn't, she's, I've, Taylor Swift Organizations: Service, Business, eBay Locations: Iowa, mhoff@businessinsider.com
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Persons: It's, you'll, You'll, Cardholders, Chase, Marriott, There's, you've, Hertz, , Ronald McDonald Organizations: Business, Rewards, Southwest Airlines, Southwest Rapid, Rapid, Southwest, Business Credit, eBay, Rapid Rewards, Southwest ®, FDIC, Southwest Airlines ®, Card, Business Credit Card, Southwest Premier, Performance, Chase Sapphire Reserve, Club, Southwest —, Radisson, Marriott, Hyatt, Southwest Hotels, Best, Hotels & Resorts, Choice, Marriott Bonvoy, MGM Resorts International, MGM Resorts, Hertz, Apple, Old Navy, Dartington Crystal, Emergency, Reliant, Central America, Francisco, Chicago, Fort Lauderdale, Student Conservation Association, Ronald McDonald House Charities, Polaris, United Negro College Fund, Hispanic Heritage Foundation Locations: United States, U.S, Mexico, Belize, Costa Rica, Aruba, Cuba, Puerto Rico, Jamaica, Cayman Islands, Turks, Caicos, Dominican Republic, Southwest, rideshare, Southwest airfare, Rocketmiles, Alamo, Avis, Pennsylvania , New Jersey , Maryland , Massachusetts, Illinois, Texas, Caribbean, Central, New York, Los Angeles, Honolulu , Hawaii, Baltimore, Cabos, Denver, Liberia, Nassau, Bahamas
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Persons: Chase, Cardholders, they'll, you'll Organizations: Business, Rewards, Card, eBay, Southwest ®, Rapid, FDIC, Southwest, EarlyBird, TSA, NEXUS, Emergency, Chase Small Business, Chase, Sapphire, Southwest Airlines Locations: rideshare, Southwest, Hawaii, Caribbean, Mexico, Central America
To avoid breaking the bank, you may want to consider picking up a summer side hustle to bring in some extra cash. Here are four ways you can start earning this summer and maybe even have some fun while you're at it. Riegel started selling old clothing items in her childhood bedroom as a bored Duke freshman during the pandemic in 2020. "Technically, the thrifting takes the most time," Riegel told CNBC Make It. Ten years later, the pool "has paid for itself and more," Battan told Make it in 2022.
Persons: It's, I've, Sophie Riegel, Riegel, Jim Battan, Battan, Kelly Gordon, Gordon, she's, Gordon isn't Organizations: CNBC, eBay, Facebook Locations: West Linn , Oregon, It's
Instead, I scour the internet and local consignment sales to find clothes secondhand and then resell them after they're done wearing them. Related storiesFacebook is also a great place to buy kids' clothes. AdvertisementElliott Harrell says that it takes time to buy and sell secondhand clothes, but it's worth it. Courtesy Elliott HarrellIt takes work and patience to buy and sell secondhand kids' clothingBuying and selling kids' clothes is a marathon, not a sprint. It takes time and effort, but buying secondhand and reselling is a way to drastically reduce your spending.
Persons: , they're, Hanna Andersson, Elliott Harrell, Elliott Harrell Here's, You'll, They're, Mini Boden, Beaufort, I've Organizations: Service, Business, Boden, Facebook, Navy, Company Locations: Raleigh , North Carolina
A seller specializing in Target products has amassed a considerable following on eBay and Poshmark. Bullseye Deals sources salvage merch from Target, including from the company's private label brands. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA seller has amassed a considerable following, offering huge deals on Target products to buyers on eBay, Poshmark, and Facebook Marketplace.
Persons: Organizations: eBay, Target, Service, Facebook, Business Locations: Poshmark
In October 2017, Jones' sister convinced her to start a store on online marketplace Poshmark. Initially, Jones sold the items from her own closet. Here's how Jones, who's married with two daughters and lives in Garden Valley, California, built her online thrifting hustle. After her sister suggested she open a Poshmark store, Jones quickly discovered how easy it was to make money on it. She decided to dedicate her Poshmark earnings to doing so, working on the store after she'd get home from work at Pauli Systems.
Persons: Maria Jones, I've, thrifting, Jones, who's, she'd, ramping, Tommy Hilfiger Organizations: University of California, Pauli Systems Locations: Garden Valley , California, Berkeley
Maria Jones started selling clothing on Poshmark in October 2017. The 32-year-old, Garden Valley, California, mother of two initially started by selling clothes from her own closet. An item in each box can be about $8 on average, she says, "but you can sell it for $40." Here are two pieces of advice Jones would tell anyone keen to start their own Poshmark hustle. To do this, she recommends starting by selling your own clothing on the site.
Persons: Maria Jones, she'd, Tommy Hilfiger, Jones, you've Locations: Garden Valley , California
The explosive growth of the resale market and the rise of fast fashion are partly to blame. It's a high that anyone who shops at thrift stores knows — and one that I've been chasing since high school. lechatnoir/Getty ImagesGen Z made thrifting mainstreamBuying used clothing has never been more popular, largely thanks to Gen Z. Still, even as thrifting has grown in popularity, so have fast fashion brands. "Fifteen years ago you would've seen the majority of your secondhand shoppers were most likely more need-based," she said.
Persons: Thrifting, Gen Z, , I've, Nicole Craig, Arizona State University FIDM, we're, ThredUp, Z, Gen, Danielle Testa, thrifting, millennials, Abercrombie, Craig, Elena Karpova, Testa, Brittany Dickinson, Oleg Cassini, Prada, Jeffrey Greenberg, there's, Dickinson, we've Organizations: Service, Arizona State University, Goodwill, Salvation Army, Fitch, University of North, Goodwill Industries International, Universal, eBay, Urban Outfitters, Free Locations: University of North Carolina, Greensboro, Hendersonville , North Carolina
Menlo Ventures has been an early backer of AI powerhouses including security startup Abnormal, LLM developer Anthropic, and vector database Pinecone. "AI itself is not new, I think it's just how mainstream it's become," Matt Murphy, a Menlo Ventures partner who invests in SaaS and robotics startups, told Business Insider in an interview. AI's "picks and shovels"Murphy and fellow Menlo Ventures partner Tim Tully say that 2024 will be a big year for the "picks and shovels" of AI. There's room in the game for more LLMsSam Altman's OpenAI has been at the forefront of the generative AI revolution. Other vector database startups including Chorma and Weaviate have also raised millions from VCs.
Persons: , Siri, Warby Parker, Matt Murphy, OpenAI, AI's, Murphy, Tim Tully, Tully —, Sana, Lindy, we've, Tully, Sam Altman's OpenAI, it's Organizations: Service, Valley's, Menlo Ventures, Business, Menlo, Cisco, Oracle, Meta, Google Locations: Snowflake, Anthropic
They were gathered for the inaugural summit of The Juggernaut, a digital South Asian news startup that launched in 2019. The Juggernaut spokesperson told BI that "multiple employees have equity in the company," but BI was unable to identify any such employees. "Twenty years ago, you might've struggled to mention a South Asian actor that you've seen in a movie," he said. As of January, the site had about 10,500 subscribers, Sur told investors in an email viewed by BI. Some feel that the publication has strayed from its mission of delivering "untold, smart South Asian stories and news you won't find anywhere else."
Persons: , Richa Moorjani, Manish Chandra, Anish Melwani, Sadiq Khan, Amitav Ghosh, Roy Rochlin, Jay Bhattacharya, didn't, Sur, Padma Lakshmi, Moorjani, Mira Nair, Oprah Winfrey, she'd, who've, Josh Benson, Bhattacharya, might've, you've, Dev Patel, Priyanka Chopra, Black millennials, Bhattacharya's, Adam Hansmann, Kevin Lin, Albert Ni, Charles Hudson, Steve Jennings, Sur's, Kyle Stanford, Axios, Stanford, Snigdha, Winfrey, MICHAEL TRAN, hadn't, wouldn't, Fariha Róisín, Meghna Rao, Róisín, Rao, Rao didn't, they'd, she's, it's, Hudson, who'd, Reetu Gupta, Aditi Shah, Sean Gupta, Steven Simione, would've, we're, Brian Morrissey, Morrissey, cofounders, Narendra Modi's, Sneha Mehta Organizations: Spring Studios, Netflix, Business, New Yorker, Harvard Business School, Guardian, American, Old Town Media, Athletic, BI, Indian, Yale, McKinsey, Precursor Ventures, Forbes, Getty, TechCrunch, YouTube's Sustainability, YouTube, Paramount Pictures Studios, Immigration Services, Stanford, Digiday, Gannett Locations: York City, chai, Jean's, hasn't, Sur, New York City, South, Asian, India, Madhya Pradesh, Queens, Sur texted, Indian American, AFP, Róisín, Los Angeles , California, South Asia, Silicon
After making $200 off her own used clothes, she turned to some of her favorite places to shop: thrift stores. Much of her business' growth came from her dorm room at Duke University, where she graduated last year with a degree in psychology. I had maybe 200 or so items in my dorm room my sophomore year, and now I have 1,300 items [in a storage unit]." How much cash do you need to start a thrifting side hustle? [In terms of the thrifting], you can start with as little as $5.
Persons: they've, Sophie Riegel didn't, I've, Riegel, she's, She's, , you've, You've Organizations: CNBC, eBay, Duke University, YouTube Locations: AskMakeIt@cnbc.com
Sophie Riegel turned her boredom into a six-figure side hustle. Riegel was a Duke University freshman in 2020, when Covid-19 turned her first year of college into a remote experience. Within weeks, she was selling roughly $50 per day of thrifted clothing, mostly buying T-shirts for $1 apiece and selling them for up to $10. The total figure is slightly higher, she says, due to in-person sales and other revenue for which she doesn't have documentation. Now, Riegel sells around 10 items per day, averaging between $400 and $500 in revenue daily.
Persons: Sophie Riegel, Riegel, I've Organizations: Duke University, Chapel, Duke, eBay, CNBC Locations: Durham, Chapel Hill , North Carolina
AdvertisementThis as-told-to essay is based on a transcribed conversation with Amber Smith, a 27-year-old from Des Moines, Iowa, about getting laid off from two tech job in her 20s. I’ve been laid off in the tech industry twice. I've learned a lot, gained a lot of experience, and made some good money , but I don’t know if I would work in tech forever. Smith started working for a company that did lighting for smart buildings in June 2021. I tried to create a ticket with the tech team but that didn’t work either.
Persons: Amber Smith, she's, , I’ve, I've, Smith, I’d, Slack, I’m Organizations: Service, eBay, LinkedIn Locations: Des Moines , Iowa, Europe
We chatted to two corporate stylists to find out how the younger gens can elevate their work style:1. You should be covered 'from nips to knees'Maree Ellard styled in a corporate outfit. Invest in some great work shoesIt's time to put aside those casual Nike Air Force 1 sneakers and invest in more stylish work shoes, Teich says. Play around with accessories, details, and colorMaree Ellard styled in a corporate outfit. Keep the designer logos to a minimumMaree Ellard styled in a corporate outfit.
Persons: , Zers, Ryan Vogel, they're, Maree Ellard, Maree, Ellard, Liz Teich, Teich, It's, Kate Hart Finnigan, Adidas Stan Smiths, it's Organizations: Service, Business, Fox School of Business, Temple University, eBay, Invest, Nike Air Force, Adidas Locations: Australia, New York, Zara
Read previewThis as-told-to article is based on a conversation with Kaitlin Gostel, a 29-year-old academic in Florida who collects Stanley cups. However, the feeling reminds me of getting Beanie Babies, Tamagotchis, or, most importantly, "Harry Potter" books. When waiting for both "Harry Potter" books and Stanley cups, we all get these nervous butterflies. So at 6 p.m., after saying my vow, I ran into the bathroom and purchased four different Stanley cups on my phone. However, they are built to last, and watching the video of a Stanley cup surviving a car fire, I'm like, "Geez, these things are insurance.
Persons: , Kaitlin Gostel, Stanley, I'm, Harry Potter, Barnes, Noble, I've, he'll, you've, it's, Stanley Quenchers, Brian van der Organizations: Service, Starbucks, Business, Target, Stanley, eBay Locations: Florida, Korea, Starbucks Korea, Italy
As my living expenses have increased after moving from a condo to a townhouse , I've been assessing how I can spend with more intentionality. I've always prided myself in being somebody who frequently declutters my physical belongings, but four boxes of beauty and wellness products begged to differ. Going into 2024, here are four ways I'm making an effort to spend and save with more intentionality. In that time, I usually find that my desire to buy those items goes down significantly. Build a Budget The best budgeting apps can help you get your finances in order and track your monthly spending.
Persons: I've, Berna Anat, Anat, haven't Organizations: Service, Business, Facebook, Quicken Locations: Berna, O'ahu, Pakistani, Patagonia
The Stanley cup hype has reached new heights with its limited edition Valentine's Day drop at Target. AdvertisementStanley has just released its limited edition Valentine's Day cups — the Galentine's Day collection — and customers are stampeding Target stores to get their own. Other TikTokers captured the lines — reminiscent of Black Friday — outside several Target stores in the early morning hours before the cups were unveiled. But the chaos captured in these viral videos could also be, in part, a result of how profitable the resale market for them has become — especially for limited edition colors of its largest tumblers. Within days of its release, listings on eBay and Poshmark showed the red and pink cups going for over $100.
Persons: , Stanley, Mikayla Barber, Barber, Stanley tumbler, TikTokers, Olds, rae dunn, Rae Dunn, There's, Casey Lewis, BI's Katie Noutopoulos Organizations: Service, Business, eBay, Poshmark
If you received business payments via apps such as PayPal or Venmo or e-commerce companies such as eBay , Etsy or Poshmark in 2023, your tax return may now be a little less complicated. The IRS announced Tuesday that 2023 would be a "transition year" for a new tax reporting requirement affecting such payments. Once in place, it will trigger Form 1099-K for just $600 in payments, even if that income stemmed from a single business transaction. For 2023, the old limit of more than 200 transactions worth an aggregate above $20,000 will remain in place. The agency said it also plans on updates for Form 1040, which is used by taxpayers to file individual income tax returns, and related schedules, to "make the reporting process easier."
Persons: aren't, Danny Werfel Organizations: PayPal, eBay, IRS, Finance
Taking online surveys and blogging are also avenues for introverts to make money. A UX designer, Etsy seller, blogger, and online-survey taker share how they got started. Brett WilliamsBrett Willams was working as a UX designer at a corporate firm but found the nine-to-five grind boring. AdvertisementRead more: I make up to $150,000 a month as a freelance UX designer. Taking online surveys often doesn't require any communication with other peopleJordan FreyJordan Frey, a plastic surgeon, started spending two or three hours a week taking surveys online to bring in extra income and said he makes between $500 and $1,000 a month.
Persons: , they're, Brett Williams, Brett Williams Brett Willams, Williams, Tammy Dinh, Tammy Dinh Tammy Dihn, Dihn, Zer, she'll, Read, I've, Samantha North, ChatGPT, Jordan Frey Jordan Frey, he's, Frey Organizations: Service, introverts, YouTube Locations: Portugal
The change might have resulted in 44 million more 1099-K forms being sent in January to such filers, including small business owners, freelancers, those with side hustles and gig workers. Regardless of delay or rule change, your tax obligations remain the sameNeither the delay of the rule change nor the eventual implementation of it will change your tax burden in any way. That’s because you have always been obligated as a taxpayer to report the money you make from your business activities to the IRS. The difference once the rule change goes into effect is that the IRS will be learning about your business income from a third party payment platform. And the change will effectively pull back the curtain on just how much business income is being generated on third-party payment platforms.
Persons: , , Danny Werfel, , Sherrod Brown of, Bill Cassidy, Biden, Arshi Siddiqui, Akin Gump, they’re Organizations: New, New York CNN, IRS, American, The Coalition, Electronic Transactions, Airbnb, PayPal, Democratic, Ks Locations: New York, Poshmark, Sherrod Brown of Ohio, Louisiana
AdvertisementAdvertisementYou can get Southwest's Companion Pass by earning 135,000 Rapid Rewards points within a year — and this credit card bonus will get you more than halfway there. This elevated welcome bonus is available on all three personal credit cards:AdvertisementAdvertisementThe Southwest Rapid Rewards® Priority Credit CardThe Southwest Rapid Rewards® Premier Credit CardAnd the Southwest Rapid Rewards® Plus Credit Card. Southwest Rapid Rewards® Plus Credit Card Apply now lock icon An icon in the shape of lock. Annual fee Insider’s Take The Southwest Rapid Rewards® Premier Credit Card is worth considering if you fly Southwest, even occasionally. Otherwise, have a look at other Southwest cards like the Southwest Rapid Rewards® Plus Credit Card and Southwest Rapid Rewards® Premier Credit Card, which have lower annual fees but the same elevated welcome bonus offer.
Persons: Nicolas Economou, Getty Images We're, , We'll, you've, Miles, you'll Organizations: Rapid, Getty Images, Southwest, Rewards, Card, Southwest Airlines, Service, Southwest ®, FDIC, Rapid Rewards, Chase, eBay, Southwest Hotels Locations: U.S, Southwest
I stopped buying new clothes for five months this year. Now that my student loans will be an added expense, I'm going to hold off on shopping for new clothes for a while. AdvertisementAdvertisementHere's what I learned from five months of buying no new clothes. While I wasn't buying new clothes, I did purchase a few new pairs of earrings to jazz up old dresses. The challenge helped me shop more consciouslyAt the end of the five months, thrifting was not only less expensive than buying new clothes, but it also helped me shop more consciously.
Persons: , I'm, Michael Fiddelke, I've, Jennifer Ortakales Dawkins, snakeskin Jeffrey Campbell, It's, Depop, thrifting, wasn't Organizations: Service, Fashion Locations: Puerto Vallarta , Mexico, Costa Rica, Mexico, Los Angeles
The longtime VC firm just announced a new $250 million seed fund focused on AI. In tough economic times, the firm's leader, Navin Chaddha, believes it's a prime time to invest. That has essentially been Navin Chaddha's mantra since he took over the reins at venture-capital stalwart Mayfield Fund in 2009. With a dedicated $250 million AI seed war chest, Mayfield is now prepared to lean in even more. "We believe that AI will emerge as our teammate and that the Gen.AI wave will create many iconic companies," Chaddha said in a press release.
Persons: Mayfield, Navin Chaddha, it's, Navin, that's, Chaddha, – who's, Forbes, , Vijay Reddy, Reddy Organizations: VC, Mayfield Fund, Mayfield, Tiger, Insight Partners, Clear Ventures, Intel Capital, Wing Venture Locations: Bessemer, Sequoia
Theresa Sobocinski is a 22-year-old product designer who made nearly $100K a year on Depop. She says few people know that constantly refreshing items on Depop is crucial to boosting sales. In that situation, you'll need to refresh to get it back up on the feed. If I'm selling a top, I'll usually pair it with a nice skirt or whatever looks good with the top. But you don't really need experience selling on other platforms to start a Depop.
Persons: Theresa Sobocinski, Poshmark, anyone's, Depop, what's, you've, Aria Yang Organizations: Service, Tiger, Adidas Locations: Depop, Wall, Silicon, Europe, It's
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