The Silliest 60k Women’s Handbag And The Worst Side Hustle (Ever)
The Silliest 60k Women’s Handbag And The Worst Side Hustle (Ever)
The movie Zoolander has some really funny moments (the sequel not so much). Regardless if you like the movie or not, its mockery of the fashion world is spot on. The film’s villain Mugatu comes out with a fashion line that is based on being homeless called Derelicte. He then pitches it to Derek Zoolander for his fashion comeback. The entire movie is max silliness. You only have to pick a fashion show at random to see some outfits where real life meets fiction. Don’t believe me? Take a look at this woman's handbag. It costs $60,000.
Louis Vuitton Virgil Abloh Ebene Monogram Coated Canvas Airplane Bag
60k! Now some entrepreneurs will look at that and say to themselves “Self, I need to start a clothing line!”. I get it when you see people pay that kind of money for an accessory it looks like an awesome business. You don’t have to go too far online for gurus who will teach you how to make a quick buck with merch or clothing line. In my experience, this side hustle is neither quick nor lucrative for 99.9% of people who try it. In fact, it might be one of the worst side hustle ideas ever.
Clothes And Merch Won’t Change Your Finances Any Time Soon
Yes, on one level, it would be awesome to be able to get people to buy a handbag for 60k. On the other hand, the Louis Vuitton brand was founded in 1854. Not sure you want to wait 170 years to be making that kind of money. The key to a great side hustle is to be able to make money quickly. The inherent problem of clothes and merch brands is one of scale.
In order for them to work, you have to be able to sell a lot of products. This requires either a giant ad spend or a built-in audience to sell to. Even if you have either of those things (or both) it is still a huge gamble that people are going to even want what you are selling. Add in the fact the margins are not great. This is especially true if you go the drop shipping route, where people are fighting over pennies (literally).
I am not saying that entrepreneurs aren’t making money doing these things but it usually takes a while to get it rolling. Therein lies the problem. In my opinion, the primary reason you should consider a side hustle is to give you more time, not less.
