As the New Year approaches, many people are making financial goals for the year ahead. Some looking to earn an extra buck may consider joining the crowd that has figured out how to use reselling as a low cost way to effectively start businesses of their own.
As inflation continues to erode bank accounts, many Americans have explored work outside the traditional 9-to-5 to generate income. US workers filed over five million new business applications in 2021, the most since 2005. A recent Upwork study found that 60 million Americans — or 39% of the US workforce — had performed freelance work full-time or part-time over the prior 12 months. Others have ditched college for trade schools or apprenticeship programs. And some have embraced reseller platforms like Poshmark or Facebook Marketplace to earn extra cash or become full-time resellers.
Insider previously spoke with three women who have found success as resellers. They shared their stories, as well as advice they have for others hoping to follow in their footsteps.