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Side Hustle School

#2511 - TBT: The Midwest Car Parts Mogul

Side Hustle School

Chris Guillebeau

Entrepreneurship, Entrepreneurship,, Careers, Small Business, Business, Side Hustle

4.73.3K Ratings

🗓️ 16 November 2023

⏱️ 6 minutes

🧾️ Download transcript

Summary

In this week’s “Throwback Thursday / Where are they now?” segment, we hear from a car parts reseller in Missouri who’s been growing his side hustle all the way to six-figures. What can we learn from his story?

Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.

Show notes: SideHustleSchool.com

Email: team@sidehustleschool.com

Be on the show: SideHustleSchool.com/questions

Connect on Twitter: @chrisguillebeau

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼 

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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.


Show notes: SideHustleSchool.com

Email: team@sidehustleschool.com

Be on the show: SideHustleSchool.com/questions

Connect on Instagram: @193countries

Visit Chris's main site: ChrisGuillebeau.com

Read A Year of Mental Health: yearofmentalhealth.com


If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼 


Hosted on Acast. See acast.com/privacy for more information.

Transcript

Click on a timestamp to play from that location

0:16.1

Hey Sidesolzcoleco listeners, let's talk about the Midwest Car Parts Mogul. Welcome to the podcast.

0:17.6

My name's Chris Gallipo.

0:18.6

This is Throwback Thursday, a weekly segment, where we take a look at someone whose story has evolved since we first featured them.

0:24.7

And today specifically we're going to hear from a car parts reseller in Missouri. He's been growing his

0:29.7

side hustle all the way to six figures. Last week it was a Las Vegas local. She helps

0:35.3

tourists save on their visits to the city. Profitable business for her

0:39.0

bringing up to $5,000 a month part-time. But of course today from Las Vegas to Missouri, what can we learn from Tom's story?

0:48.6

So let's just hand it over to him, let him tell the story. Tom, what do you got for us?

0:54.2

How's life in Missouri?

0:55.8

Tell us about your car parts reselling side hustle. Hey there folks, Tom from Missouri, smack in the middle of the Midwest. For the past

1:17.1

few years I've been enjoying the world of car parts reselling and boy what a ride

1:21.6

it's been. I want to give you an update in the middle stage of my journey where the rubber really meets the road.

1:28.0

When I started I was mostly scouring junkyards and online marketplaces for car parts. It was a hit or mess kind of a thing.

1:35.6

Fast forward a couple years and my business model has evolved. I started forming

1:40.6

relationships with local mechanics and auto repair shops, negotiating deals to buy parts in bulk.

1:47.0

Why let those valuable components sit around gathering rust when they could be put to good use.

1:53.0

Here's a tip for you.

1:54.0

Learn to develop an eye for high demand parts that are easier to store and ship.

1:59.0

I found a niche in alternators and starters.

2:02.0

They sell quickly and can be stored easily in my garage.

2:06.9

I implemented a tiered pricing system offering discounts on bulk purchases.

2:12.1

This brought in local

...

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