You need to earn £10k in 3 months as a side gig, how would you do it?

UberTiger

UberTiger

UberTiger

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Say you have £2k, give or take a grand or so.

How would you invest that in some kind of side business to earn £10k in 3 months as a part time gig?

So at the end you'll end with £10k, plus whatever you invest.
 
Freakbro said:
If it was that easy to turn £2k into £12k in 3 months, we would all be doing it
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As above, especially as you say it's only "part-time" as well.

I.e. if it was something you could fix and sell on at a higher price, it would probably require a number of your spare hours, so is hardly "part-time".
 
Not saying it would be easy. Doesn't need to turn into a massive business, it's just a challenge.

By part time I mean not a 9-5, it may require a large amount of hours and effort, but those hours need to be relatively flexible and revolve roughly around a normal 9-5.
 
I looked into doing this and decided to give photography a try. I had a few friends who didn't really put a value on photography so they were the perfect subjects to start developing a small portfolio for weddings and I invested in some equipment. As I had some kit I then developed a photobooth for less formal events, paying out more for hardware and props. Potentially a good little earner as the hardware was cheap and the only costs was printing paper and replacing the odd prop. Didn't have time to develop on this as I then got an opportunity to give motorsport photography a go which is what I wanted to do, so again invested in more kit as the wedding lenses/bodies wouldn't cut it and off I went shooting.

Probably invested 10k in kit and made 2k :)

(that is the right way round right?)
 
Steeps said:
I looked into doing this and decided to give photography a try. I had a few friends who didn't really put a value on photography so they were the perfect subjects to start developing a small portfolio for weddings and I invested in some equipment. As I had some kit I then developed a photobooth for less formal events, paying out more for hardware and props. Potentially a good little earner as the hardware was cheap and the only costs was printing paper and replacing the odd prop. Didn't have time to develop on this as I then got an opportunity to give motorsport photography a go which is what I wanted to do, so again invested in more kit as the wedding lenses/bodies wouldn't cut it and off I went shooting.

Probably invested 10k in kit and made 2k :)

(that is the right way round right?)
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Made as in profit or turnover? :p
 
Turnover :D

If I had the time I could probably make it turn a profit eventually. Would be a lot of evening/weekend work which I don't want to do right now but the opportunity is there. The problem with photography bookings is most of it is months or even years in advance unless you have the connections to cover illness of others.
 
UberTiger said:
Not saying it would be easy. Doesn't need to turn into a massive business, it's just a challenge.

By part time I mean not a 9-5, it may require a large amount of hours and effort, but those hours need to be relatively flexible and revolve roughly around a normal 9-5.
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As a challenge, rather than a "side business" you could look at what you can buy/ sell and turn a profit on. Big risks, but if you're willing to give it a shot.
 
2k is enough to fund house clearance, car boot hauls and eBay / Gumtree job lots. Pick the right items and/or get rare finds plus antiques, if you get lucky the you could do it. Re sell via eBay or auction.

Unless you can offer a service where it's your time that's billable (IT, Cleaning, DIY/Handyman/Tradesman, Professional Consultancy & Services, Photography) then with the exception of the above; the logistics, time resource and overhead to set up a more comprehensive profitable retail offer in the time frame and supply chain is prohibitive including in consideration of indemnities.

It's the time and profit that is against you here. If you had 18 months or more, it's more realistic. 2k isn't really enough for such a rapid return without getting really lucky.
 
The only legal way I think I could have a chance to turn £2k into £12k in three months part time would be gambling / trading or similar. Lump £2k on at 5/1 and then at least you don't have to spend any more time on it.
 
Charge £20 an hour for a private lesson and teach as many subjects as possible. Even if you did two hours an evening, every single day, that'd only come to ~£1120 a month.

As everyone else is saying. If it was feasible, everyone would do it.
 
day trade crypto currency

10% a day movement isn't unusual, a week of that and you've doubled your money*.

ETH has gone from 10% down to 10% up in the last 3 hours.

Meaning 10k would be worth £12k 3 hours later!




*If you work out a way to do it reliably, let me know :)
 
Doing more of my day job freelance would be the only way I could think of.

It would be incredibly hard work and I'm not sure if I could make that much profit in the time.

Probably put the 2k into matched betting but I still doubt I could do it without some gambling as well.
 
Alibaba.

Bulk buy Chinese tat, the flog it on ebay for 4x the price. I ended up there the other week somehow and I saw one guy offering up 10,000 white vests at 50p/unit shipped. Now, given they're going to be the same quality as your usual peasant shops like Primark, Burtons etc, you could sell 5 for a tenner and make a nice profit.
 
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