Ideas for second source of income, just want to float some ideas - FMVperformance.com : The site for all your Ford Mazda and Volvo needs
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post #1 of 11 (permalink) Old 07-17-2014, 08:33 AM Thread Starter
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Ideas for second source of income, just want to float some ideas

So, I currently work as a Financial Management Assistant. I spend a nine hour day parked in front of my computer working out mathematical/financial problems. I'm a bit bored, and always looking for some extra scratch.

Prior to this line of work, I used to work with my hands. I was a mechanic, a flightline fueler, air conditioning apprentice, pool guy, and the list goes on. Lately, my car audio addiction has me heading in the direction of buying tools (tablesaw, router, ect.) and I always look for good justification before I plop down money on new tools.

I had the idea today to make and sell little kits on Etsy and such (wife has an account already) for simple woodworking projects. I figure I can make the cuts, drill holes, maybe do some peg work to help locate the parts, and produce some kits to make simple birdhouses, mailboxes, ect. that people can assemble/woodglue/paint without any formal training or tools. Figure I can produce relatively cheaply, do them on a made to order basis, make a few extra bucks, and spend some time in the garage smoking a cigar and flinging sawdust at the same time.

Anyone think that's a marketable idea? Potential price point? Just bouncing ideas guys, and I'm open to criticism.

2007 Phantom Purple hatch; JBR RMM/busihgs/shifter plate, Koni STR.t's, Michelin Pilot AS3's, Spin on oil filter conversion, stubby antenna, Kenwood KDC-X997 hu + Sundown Audio SA12 + Infinity speakers + JL 320.4 amp, debadged and door edge guards removed, Lamin-X + indy fog mod, aluminum AC knobs, DIY SRI, TRS 5000K HIDs, more coming.
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post #2 of 11 (permalink) Old 07-17-2014, 09:26 AM
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Watch out on the market if you're wanting to get into woodworking.

My uncle used to make AMAZINGLY beautiful clocks, all hand cut from a jigsaw, but he had to stop a few years ago mainly due to I'm assuming Etsy or just online makers in general, he said it just sunk the market, and he couldn't sell anything so he just stopped.

If you're going to do it, try to keep it local; the internet is just far too stuffed with "machine" made parts. (machine in quotes because.. well, some humans just plain are machines)

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post #3 of 11 (permalink) Old 07-17-2014, 09:41 AM Thread Starter
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Watch out on the market if you're wanting to get into woodworking.

My uncle used to make AMAZINGLY beautiful clocks, all hand cut from a jigsaw, but he had to stop a few years ago mainly due to I'm assuming Etsy or just online makers in general, he said it just sunk the market, and he couldn't sell anything so he just stopped.

If you're going to do it, try to keep it local; the internet is just far too stuffed with "machine" made parts. (machine in quotes because.. well, some humans just plain are machines)
I have a local outlet on that front. My neighbor has a second hand shop, moves a lot of furniture and such, mostly stocks from purchasing storage units. I doubt they'd mind selling on consinement if I cut them in a little of the profits.

Was hoping Etsy would be a good market for quick little projects and such, not looking to get into furniture making or anything extremely intricate. Also wanted to make some money making custom subwoofer enclosures. The construction isn't rocket science, but premade enclosures are always a crap shoot and most shops charge stupid money to glue together a simple MDF box built for a particular airspace/ported tuning frequency. That would probably be more of a local market, since shipping those damned things gets pricey quickly.

2007 Phantom Purple hatch; JBR RMM/busihgs/shifter plate, Koni STR.t's, Michelin Pilot AS3's, Spin on oil filter conversion, stubby antenna, Kenwood KDC-X997 hu + Sundown Audio SA12 + Infinity speakers + JL 320.4 amp, debadged and door edge guards removed, Lamin-X + indy fog mod, aluminum AC knobs, DIY SRI, TRS 5000K HIDs, more coming.
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post #4 of 11 (permalink) Old 07-17-2014, 11:33 AM
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I've sent in my application to the Real World. So I'm hoping to hear back from that. I'm putting A LOT of my eggs into that basket, the MTV basket. I'm also thinking about getting a gun, and dealing crack. Being a crack dealer. Not like a mean crack dealer, but like... like a nice one. Kinda friendly like, "hey, what's up guys? Want some crack?" I'm just waiting on those two things to flesh themselves out.

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post #5 of 11 (permalink) Old 07-17-2014, 12:03 PM
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I'm a hands on guy also and worked my butt off as a Field I/T Tech to work up to a better paying desk job which I hated.
Now I'm back in the field with less pay, but back on OT pay and much happier. Desk/office jobs are way over-rated IMO.

As for side income, I've found that selling anything is a tough way to make any money. But providing services with a skill that you have is much easier.
I was flipping used cars, only Honda's. Find a decent deal, fix them up (simple and cosmetic stuff) made a few dollars but wasn't worth it to keep the cars around the driveway, etc.

So then I was doing small automotive jobs for friends, neighbours, co-workers, Honda & Mustang guys.. No real money in that..

But then I bought a Dodge diesel and started learning and modding my own truck. This was 8 years ago. Taught myself everything possible about diesels and these trucks. Discovered that there is a huge demand for Dodge Cummins light truck repair and performance upgrades.
The light truck diesel market is the fastest growing performance segment.
All other performance segments, imports, muscle cars, restoration, etc, are in decline.
There is a ton of these trucks sold every year, and this market has money unlike the young Honda/Import and Mustang market.

Caveats:
I have a fully equipped garage with a ton of tools that I've collected over the years. I've been wrenching, welding and rodding since I was 10 years old. Now over 40!!

Some of the jobs can go into the tank and you'll lose time, not necessarily money, on them. I stick with simple upgrades and repairs. Pulling a 400 lb transmission and transfer case is no fun but electronic repairs can be frustrating.
I find upgrades to be easiest and most profitable. All cash money, no taxes..

So I would recommend trying to provide automotive, a/c or carpentry services, etc, rather than trying to sell products.


Just my thoughts, I hope this info is useful...

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post #6 of 11 (permalink) Old 07-17-2014, 01:12 PM Thread Starter
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Carpentry I can handle, and woodworking I learned from my old man, I just don't have the tools. I spent the last ten years amassing stuff for working on cars.

Now, I'm getting back into car audio, have a fair bit of knowledge, learning more all the time, just not sure how marketable it is. Problem is most people don't want to seriously rework their car audio, and the ones that do mostly know how to do it themselves. Car audio has given way to OEM integration, a field I'm not as well versed in.

2007 Phantom Purple hatch; JBR RMM/busihgs/shifter plate, Koni STR.t's, Michelin Pilot AS3's, Spin on oil filter conversion, stubby antenna, Kenwood KDC-X997 hu + Sundown Audio SA12 + Infinity speakers + JL 320.4 amp, debadged and door edge guards removed, Lamin-X + indy fog mod, aluminum AC knobs, DIY SRI, TRS 5000K HIDs, more coming.
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post #7 of 11 (permalink) Old 08-29-2014, 01:44 PM
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If you like driving, you could try becoming a driver for Lyft or Uberóif they are in your city. It doesn't make a ton of money, but you said you wanted some extra cash.

In the end, I would say that if you want to use your hands, don't worry about the money. Nike: Just do it. If the money comes, the money comes.

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post #8 of 11 (permalink) Old 08-29-2014, 02:20 PM
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Quote:
Originally Posted by john_in_the_lbc View Post
I've sent in my application to the Real World. So I'm hoping to hear back from that. I'm putting A LOT of my eggs into that basket, the MTV basket. I'm also thinking about getting a gun, and dealing crack. Being a crack dealer. Not like a mean crack dealer, but like... like a nice one. Kinda friendly like, "hey, what's up guys? Want some crack?" I'm just waiting on those two things to flesh themselves out.
Bad choice. Crack is out go for Black Tar Heroin a much better class of people to deal with.
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post #9 of 11 (permalink) Old 08-29-2014, 04:16 PM
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Why not build custom sub boxes for specific cars
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post #10 of 11 (permalink) Old 08-29-2014, 06:19 PM Thread Starter
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Why not build custom sub boxes for specific cars
That's the idea eventually.

2007 Phantom Purple hatch; JBR RMM/busihgs/shifter plate, Koni STR.t's, Michelin Pilot AS3's, Spin on oil filter conversion, stubby antenna, Kenwood KDC-X997 hu + Sundown Audio SA12 + Infinity speakers + JL 320.4 amp, debadged and door edge guards removed, Lamin-X + indy fog mod, aluminum AC knobs, DIY SRI, TRS 5000K HIDs, more coming.
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