Profiting Over $1,000 from Unused Couches

Jamie (0:00)

Welcome back to the podcast. Today we are talking about basically arbitrage with AI, how you can take AI to find undervalued items and then resell them for profit.

This is something Jayden and I both have extensive experience with. Back in the day, I believe it was couches, we both started with, and furniture. But now AI has made the whole process so much easier, and there's a lot of ways you can actually use AI to spin up a really pretty profitable little business. So, we're going to get into that. But before we do, Jayden, why don't you tell them about our school community?

Jayden (0:33)

Guys, we have relaunched our school community with completely new ideas, courses, concepts, content in there. We're super excited.

We have relaunched it basically with a better way to understand all of the different side hustles Jamie and I advise on, and a lot of the different strategies that have been updated.

If you've followed us for a long time, you know we've been doing the school community for over two years. And if something about AI is true, it's that it is constantly changing. So we went and archived a lot of the older episodes, we've updated with newer content, and we've left things that, strategies that are actually actively working today. So we have a whole bunch of courses on how to build your own app, or build your own SaaS business, if you're a complete beginner and not a developer for the first time. This is something that we both did as non-developers. We have a playbook on how to become an AI consultant, how to create a podcast network, how to grow using AI, how to have AI models, recommend your business or website to other people, and a whole bunch of other incredible things as far as using AI for paid traffic, like Facebook ads or free traffic, like different social media platforms, how to make good offers, landing pages, emails, AI for newsletters. We have done so much, and we are relaunching the course with all of this incredible content. So if you want to go check it out, it is the AI Hustle School Community. There's a link in the description. It's only $19 a month. So we try to make this really affordable for everybody. There's over 1,300 members in the school community. So an incredible group of people that are all sharing what they're working on, and we would love for you to be one of them. Okay, let's talk about this. There's an awesome episode on the Chris Corner Podcast where he's interviewing someone. This is something that Jamie and I have both done, but we always love watching other people try things. His strategy or his side hustle in particular is going to Facebook Marketplace and finding people that are getting rid of washers and dryers for free. Now, I have been on both sides of this side hustle, by the way, because I actually live currently in North Carolina, but I have a couple of rentals in Arizona, and I have had washer and dryer issues with all of my rentals multiple times. I don't know why this happens, why this constantly happens to me, but I just feel like the washer and dryer breaks. Probably, in the future, I'm just going to say people need to get their own washer and dryer, but regardless, what typically will happen, because I don't want to, I don't have time to go deal with it, I'm far away. I'll usually go and find someone on Facebook to take away the old one and to go put a new one in. I'll just try to find one of these guys that will do the uninstall and the reinstall of a new one. Now, what do they do with the old one?

In my mind, I'm like, it's broken, it had this issue. I probably should pay a repairman, but I hate paying a repairman for a washer or dryer that I usually go buy used on Marketplace anyways. So I'm like, I'm just losing money. I'm just gonna get a new one.

What they're doing with it, undoubtedly, is a portion of this business where they basically pick it up, see what's wrong with it, fix it, and go install it in the next person's, and they take the next person's away, and they rinse and repeat that. That's not the whole business here. Their business in particular is just looking for free washers and dryers that people are getting rid of on Marketplace, and they go pick them up. Sometimes, they have issues, sometimes, they don't have issues, and they're able to then go and resell them, sometimes after some rehab, but sometimes not. Jamie, have you ever bought a washer and dryer off of Marketplace, and is this a good or a terrible business?