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THE holiday season is upon us and one man has figured out a clever way to make money in the lead up to Christmas.
He explained how his Home Depot side hustle has raked in $300 in a day.
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In a viral video, Jordan Welch revealed his hack for making money during an appearance on the Nonchalant Podcast (@nonchalant_pod).
Jordan revealed that re-selling Christmas trees is the “biggest side hustle.”
He explained that his small business had been “going crazy” during the holidays.
According to the TikToker, he managed to make $300 in one day selling trees.
Read More On Side Hustles
He broke down each step of setting up the business as well as his price model.
“I put up a Facebook Marketplace listing saying that we’re selling Christmas trees with free delivery and I sell them for $100,” he said.
Jordan explained that he would go to his local Home Depot and pick up trees for $60 each.
He then dropped off the trees, collecting his $100 from each customer.
As well as pocketing the $40 profit, he revealed that a lot of people forked out even more if he went the extra mile.
“People are giving me tips like crazy because we set them up in their house,” he explained.
Jordan also makes an effort to clean up any pine needles after setting up the trees.
He revealed that on the day of the interview a woman had tipped him $70 for his services.
The host of the podcast described the side hustle as “fire” and called it a “solid scheme.”
Listeners shared their thoughts on the business in the comments section.
“They ain’t buying trees, they’re buying convenience,” wrote one viewer.
Side hustles and tax implications
Extra income you make from side hustles may need to be reported to the IRS.
If you receive more than $600 in gross payouts from a selling platform like eBay, the site will issue you a Form 1099-K to use in your tax return.
Individuals should calculate their adjusted gross income, taxable earnings, and deductions for the year.
Once they have that, they can use the 1040-ES form to calculate estimated taxes.
“As far as TikTok business ideas, this is the most legitimate I’ve seen.” said another person.
“He can pick them up afterwards for another $50 to $60 too,” suggested one commenter.
“Think smarter. Find the Christmas tree farmer and buy trees for $20,” said another follower.
“This is amazing, he found the gap and he filled it,” pointed out one listener.
“Dress up like Santa! You’ll likely get more tips [and] it’s making a whole experience for the kids,” suggested another TikTok user.
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