Ep. 2511 - TBT: The Midwest Car Parts Mogul

Side Hustle School

Chris Guillebeau / Onward Project

Business, Entrepreneurship, Careers

4.8 • 3.3K Ratings

🗓️ 16 November 2023

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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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: [email protected] 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. 😎 🙏🏼 To learn more about listener data and our privacy practices visit: https://www.audacyinc.com/privacy-policy Learn more about your ad choices. Visit https://podcastchoices.com/adchoices

Transcript

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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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