If you're a college student who wants to pay off all your loans... here's an idea for you:
It takes ~$5k to start and will make ~$30k a year of profit
It won't get you rich, it'll pay for college.
(..and will teach them more about business than theyâll learn in school)
The idea isnât sexy. But it works:
**Plastic Moving Bin Rentals**
Everyone knows moving sucks. The worst part is being stuck with 400 cardboard boxes at the end of your move.
Instead - @benmlevy told me about Gorilla Bins. They dropoff plastic moving bins, & pickem up later.
Letâs break it down. Our goal is to pay for college (~$30k profit per year).
To do that, I think weâll need $50k in revenue.
The avg move (a 2 bedroom apartment) is $180
To hit our goal, we need do ~5.5 moves per week
COSTS?
How many bins do we need to buy up front?
5.5 moves a week x 50 bins = you need 275 bins. Letâs round up to 300 to be safe.
Ok letâs hop over to @uline to see how much these bins cost
Bingo. Bins cost about $15 a piece.
$15 x 300 bins = $4,500 initial startup costs.
Time to beg your parents or a rich aunt to lend you money to get the biz rolling (...or just take $5k of student loan money and invest it hereâŠ)
