Notes from Chris

Episode 2100

Did you know there was such a thing as the pandemic Peloton? This refers to the many, many people who purchased Pelotons (and lots of other workout equipment) during the early days of the pandemic, especially in places that had extended lockdowns or other hardcore restrictions.

Naturally, some people continued to work out every day even as things loosened up, but there were a lot of Pelotons just sitting around for a while, even as demand continued to be high.

Today’s caller took advantage of this! He’s got a story for us, and he’s also wondering how to figure out what comes next.

“I started buying and reselling Pelotons during the pandemic, and it worked really well. There was a time when people would pay higher than retail, even for a used bike. Then of course, the price went in the other direction when there were a lot more sellers.

On average I made $250/bike, and I could move several of them a week. It was fun! I've backed off because the situation is different now, but I want to keep doing some version of this.

Do you think it's best for me to wait for another opportunity like this one, or more proactively search for something that can sell in any market? If I knew something big was coming, I'd rather wait, but of course there's no way to know for sure.”

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

 

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  SEE ALSO:

• Catholic Designer Creates Stylish Apparel Line: What shall it profit a man to gain the whole world but not sell any t-shirts? This designer cast his bread upon the waters and ended up with a profitable fashion line.
• Seattle Couple Creates New “Income LiveStream”: When a married couple runs into logistical problems at their wedding, it leads to an innovative service that other engaged couples need during the pandemic.
• Role-Playing Pastor Rolls The Dice On $2800/Month Hustle: Listener success story! This Presbyterian minister turns to his lifelong interest in role-playing games to set up a sustainable second income source.

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

Yours in the revolution,

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