A Medical Student Flipped Thrift-Store Clothes on Poshmark — $117,000 in Sales Paid for Her House
3 min read · RealCase summary
Olivia Hillier was a medical student at Oakland University in Michigan when she started reselling clothes on Poshmark in August 2020. Her first sale was a T-shirt she'd bought at a thrift store for $5 and sold for $20, according to CNBC Make It.
The business grew fast: $85,000 in revenue in 2021 and more than $55,000 in 2022 by the time of the story, for more than $117,000 in total. With an inventory of over 1,100 items and dresses priced from $25 to $200, it was making $6,000 to $7,000 a month in profit, on 20 to 40 hours a week alongside medical school.
The 26-year-old used the earnings to cover the $25,000 down payment and closing costs on a five-bedroom house in Kansas, with a $2,100 monthly mortgage, ahead of graduating in May 2022. 'If I wouldn't have had this business, I wouldn't even have a savings account,' she said.
Key takeaways
- ›First sale: a $5 thrift-store T-shirt sold for $20 in August 2020
- ›$85,000 in revenue in 2021; more than $117,000 total
- ›$6,000-$7,000 a month in profit on 20-40 hours a week
- ›Covered a $25,000 down payment and closing costs on a five-bedroom house
Original source
Read the original (CNBC Make It via NBC Philadelphia)
Next story →
A Part-Time Nurse Spent $40 on Eucalyptus — Her Etsy Shop Now Brings In Over $121,000 a Year
More Side Hustle stories
A Chef Borrowed a Camera and Learned From YouTube — His Food Photography Brought In $133,900 Last Year
Winnipeg chef Sean Audet started food photography in 2018 with a borrowed camera and Fiverr gigs, earning $8,403 that year and $133,900 (USD) in 2022, now charging $1,000 to $17,500 per shoot.
A Ford Mechanic Started Answering Car Questions Online for $500 a Month — Now He Makes $170,500 a Year
Transmission technician Chris Pyle began answering repair questions on JustAnswer in 2006, quit his $75,000 Ford job in 2012 when the side income passed his salary, and made $170,500 on the platform in 2023.
On a $40,000 Salary, Dog Walking and Freelance Writing Helped Her Pay Off $102,170 in Six Years
Mandy Velez graduated in 2013 with $75,591 in student loans; by stacking dog walking, cat sitting, babysitting and freelance writing on a $40,000 starting salary, she paid off $102,170 including interest by 2019.