- advertisement -
 
Bankrate.com
News & Advice Compare Rates Calculators
Rate Alerts  |  Glossary  |  Help
Mortgage Home
Equity
Auto CDs &
Investments
Retirement Checking &
Savings
Credit
Cards
Debt
Management
College
Finance
Taxes Personal
Finance
 
 

6 hobbies that can make you money

Page | 1 | 2 | 3 | 4 | 5 | 6 |

Macklin's business thrives because she delivers. She's proud to say she's never returned a purchase.

- advertisement -

"I've done many, many different things, but something that has always been a constant is wardrobe consulting," she says. "I have certain clients who keep coming back to me season after season and year after year. It used to be women who were executives who were pregnant two or three times and just wanted to throw everything away and start over again, but now it might be a bunch of outfits for a trip or a wedding trousseau.

"One just never knows. Every job is different; that's what so wonderful about it."

Macklin charges a flat fee of $45 an hour, door to door. She hasn't changed her fee in years, nor does she advertise or even have a Web site. People find her through word of mouth or her occasional lecture appearances.

Her clients are evenly split between men and women. She has purchased everything from cars to Picassos. She knows some of her clients so well that she'll even pick up items for them on pleasure trips to New York or Connecticut.

She won't take kickbacks from any store. And although she was a mystery shopper for years, she won't work for a single store because she doesn't want them limiting her shopping options.

"If you want to put an outfit together and really do a great job, you might have to go to three or four different stores," she explains. "And I like to do it from head to toe, because to wear a pair of 1970s shoes with a 2008 outfit is so -- ecch!"

So, what is the worst thing about being a personal shopper?

"It's unpredictable," Macklin says. "You can't expect a steady income. You can't say Christmastime will be your busiest time; sometimes it is, sometimes it isn't."

The best part is a no-brainer, she says.

"It feels good," Macklin says. "You're doing something good for people."

Personal shopper business
Skills: shopping for men, women, children and pets.
Market: busy professionals, the elderly, disabled or fashion-challenged.
Opportunities for growth: Macklin doesn't even advertise. Need we say more?

Day lilies
Got a green thumb? You might want to sow a money crop like day lilies into your garden this spring.

"Most people who sell day lilies get started as a hobby," says Kathy Lamb, owner of Loon Song Gardens in Champlin, Minn. "When you grow day lilies, you become very passionate about them and love to select different varieties. You do this for a few years and fill up your gardens and at some point you make the decision that you must dig these up, divide them and get rid of some of them. That's when some people start selling their day lilies."

 
 
Next: "You can harvest cash from your day lily garden in no time." 
Page | 1 | 2 | 3 | 4 | 5 | 6 |
 
 RESOURCES
10 tips for a thriving hobby business
Funding a Roth IRA from odd jobs
7 tips for retirement entrepreneurs
 TOP PERSONAL FINANCE STORIES
9 cash-saving strategies that pay big bucks
5 low-tech ways to manage cash
8 ways to find and keep a temporary job
 

Compare Rates
NATIONAL OVERNIGHT AVERAGES
30 yr fixed mtg 5.19%
48 month new car loan 7.05%
1 yr CD 1.61%
Rates may include points
ADVERTISING PARTNERS
RELATED CALCULATORS
  How much life insurance do I need?  
  Calculate your payment on any loan  
  What will it take to save for a goal?  
VIEW ALL  
BASICS SERIES
Begin with personal finance fundamentals:
Auto Loans
Checking
Credit Cards
Debt Consolidation
Insurance
Investing
Home Equity
Mortgages
Student Loans
Taxes
Retirement
FINANCIAL LITERACY
Rev up your portfolio
with these tips and tricks.
- advertisement -

AOL Keyword: Latest Rates
- advertisement -
News & Advice | Compare Rates | Calculators
Mortgage | Home Equity | Auto | Investing | Checking & Savings | Credit Cards | Debt Management | College Finance | Taxes | Personal Finance
About Bankrate | Privacy | Online Media Kit | Partnerships | Investor Relations | Press/Broadcast | Contact Us | Sitemap
NASDAQ: RATE | RSS Feeds | Order Rate Data | Bankrate Canada | Bankrate China

* Mortgage rate may include points. See rate tables for details. Click here.
* To see the definition of overnight averages click here.

Bankrate.com ®, Copyright © 2009 Bankrate, Inc., All Rights Reserved, Terms of Use.