Flipping Tires
Our Side Hustles Breakdown
Flipping tires can be more than just a physical workout; it can be a profitable endeavor. With a growing demand for affordable, quality tires, finding worn treads and refurbishing them for resale can be lucrative. All you need is an understanding of tire quality, wear, and potential markets.
Cons
- Storage Requirements: Tires are bulky and require ample space for storage. They are also heavier to carry or transport.
- Safety Concerns: Selling a faulty tire can lead to liabilities and potentially cost a lot in settlements.
- Market Knowledge Needed: Understanding tire quality and suitable pricing can be challenging, especially when buying second-hand.
Pros
- Ever-Present Demand: Vehicles constantly need tire replacements due to wear and tear, giving way to an ongoing demand.
- Environmentally Friendly: Refurbishing tires reduces waste and promotes recycling, positively impacting environmental health.
- Diverse Market: Different markets have varying tire needs, from cars to trucks to off-road vehicles. Inevitably, they offer varied markups in different models.
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Review
I started flipping tires about six months ago and honestly, I'm surprised by how profitable it's been. It takes some elbow grease, but there's something satisfying about turning discarded tires into cash. Plus, it feels good knowing I'm doing my bit for the environment. If you're not afraid to get your hands dirty, this could be a great side hustle for you!