23-year-old’s dorm room side hustle brings in $124,000 a year: ‘You can start with as little as $5’

Sophie Riegel didn’t start her thriving side hustle with a big investment. Instead, she tapped into her passion for thrifting and turned it into a lucrative business. Beginning with items from her closet, she sold thrifted treasures online. Her journey led her to rake in nearly $123,800 in revenue last year alone, with minimal costs incurred. Riegel’s knack for spotting valuable finds and flipping them for profit has propelled her to net over $192,000 in the past four years.

A Duke University graduate with a degree in psychology, Riegel managed much of her business from her dorm room. As she embarks on a full-time career as a writer, speaker, and life coach, her thrifting hustle remains a significant part of her income. Her story offers inspiration and practical tips for aspiring entrepreneurs looking to delve into the world of resale.

Riegel emphasizes the importance of enjoying the process and starting with what you know. She advises newcomers to stay curious and continuously educated about brands and market trends. Consistency, organization, and a willingness to seek help are critical traits for success in this endeavor. Surprisingly, starting a thrifting side hustle can require minimal cash investment, with opportunities to turn even $5 into substantial returns.

Looking ahead, Riegel envisions potential growth for her business, possibly expanding to include employees to handle tasks like shipping and listing. Despite the workload, she remains passionate about her work and content with her current setup.

Rising Dough

Considering Sophie Riegel’s journey from thrifting enthusiast to successful entrepreneur, what role do consumer preferences and market trends play in shaping the resale industry?

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Niya Spells

9 months ago

Now, consumers are raising awareness of the dangers in the fast fashion industry. Consumers are looking for eco-friendly small businesses and recycled clothing. Also, vintage clothing is trending and not commonly found outside of thrift stores.