41 min listen
433: Simple, Local Cash Flow: Are Laundromats the Ultimate Side Hustle?
433: Simple, Local Cash Flow: Are Laundromats the Ultimate Side Hustle?
ratings:
Length:
47 minutes
Released:
Feb 25, 2021
Format:
Podcast episode
Description
Are laundromats "the ultimate side hustle," like my guest Jordan Berry described? These simple, local, cash-flowing businesses have been around forever, but surprisingly this is the first time discussing them in detail on the show. Click here to join Side Hustle Nation for free! Jordan is a former pastor turned laundromat mogul. Along the way, he's become an advocate for the industry through his website and podcast at LaundromatResource.com. Jordan got the idea to buy a laundromat after his wife told him about a family friend quitting his day job in tech after buying one. It wasn’t just the income potential that intrigued Jordan. He wanted a business that would generate passive income -- and yield better returns than real estate. Jordan has been able to achieve both of those things through buying laundromats. Tune in to hear: why a laundromat makes a great side hustle and investment vehicle some of the expensive mistakes to avoid where to look for financing and some creative marketing and monetization ideas Here's a look at the 10 most compelling reasons why owning a laundromat is -- according to Jordan -- “the best investment you can make." Full show notes
Released:
Feb 25, 2021
Format:
Podcast episode
Titles in the series (100)
327: How to Get Unstuck: 6 Levers to Pull to Level Up Your Business: Todd Tresidder took his own personal net worth from less than zero at 23, to self-made millionaire and retired at 35. When it comes to building wealth, he's the smartest guy in the room. His latest book is The Leverage Equation: How to Work Less,... by The Side Hustle Show