Notes from Chris

Episode 1982

Today’s sponsor is fake Louis Vuitton! Get your designer good for more than half-off. No one will know.

That’s not our real sponsor, but it does relate to our real question of the day. A listener is wondering about knock-off goods. They’re everywhere, most people aren’t bothered by them, but of course they’re not legal—so she’s not thinking of selling them herself, just helping other people find them.

What do we think of this as a business idea?

"Studies show that more than 60% of luxury goods like handbags and watches are designer knockoffs. This means they're counterfeit or fakes, but most people don't seem to mind. For example, lots of my friends have Louis Vuitton bags that look just like the real thing. Everyone knows they’re fake but no one cares. And because I live in a big city but my hometown is back in middle America, friends there often ask me to buy something for them. I'm thinking there's a business opportunity here, and I don't mean reselling because I know that's dicey. Instead, I'm thinking of being a concierge or middle-woman of sorts, connecting would-be buyers with the right markets and sellers. I deliberately wouldn't handle any inventory because I want to stay out of trouble. Still, do you think I should worry about the big brands coming after me?"

Listen to today's episode to learn more...

 

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  SEE ALSO:

• Put a Cap in It: Architect Makes the Write Choice; Starts Luxury Pen Hustle: A Texas-based architect turns a pen-making craft he learned from his grandfather into a profitable side hustle, getting featured in GQ Magazine.
• Luxury Toothbrush Hustle Produces Polished Profits: Introducing the high-end toothbrush with low startup costs: this man earns $1,000 a month on the side. Total startup costs were just $760!
• Luxury for Less! Best Friends Get Paid to Share Design Tips: When two friends realize that their savvy shopping is a skill, they dive into the world of affiliate marketing. After investing a grand total of $46 startup costs, they earned $1,200 in month three.

Inspiration is good; inspiration combined with action is better. Now get back to work!

Yours in the revolution,

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