Robinhood and Reselling - Earn More Profit

Reselling is a great way to earn some side cash, and have an extra stream of income beyond your normal day job. However, another great way to earn some side cash is through investing in stocks and ETFs. Although this comes with additional risk, it is a great way to earn some more side cash, and reduce the risk that you are exposed to.

Robinhood is a brokerage that allows you to trade stocks, ETFs, crypto currency, and options without having to pay a commission, saving you a lot of money in the long term while being able to use strategies that were only possible in the past for those that had very large portfolios in the past. Moreover, if you sign up using the link below you can get a free share of stock, that may be worth up to $150, which is a great addition to any portfolio.

You can use this to enhance the profits that you earn while reselling, by taking positions in companies that are beneficial for resellers, such as eBay or Shopify so you can take advantage of their growth even in times when your store is not performing as you may have hoped. Additionally, you can use the platform to earn a return on cash that you have on hand while you are waiting to make the next big move. Often, especially after some growth we find ourselves with hundreds of dollars of cash, without many places to utilize it to grow our company, especially now with all of the thrift stores being closed. While we wait for thrift stores to open or the next big move, we can keep the money in Robinhood which pays over 1% on the cash balance, which compounds every day and is paid on a monthly basis. This is enough to get some more inventory, where for example if you have $500 in the cash portion of you account for a month, assuming a 1.5% interest rate you earn 62.5 cents. .

Moreover, if you are looking to invest in the long term you can take a position in an ETF that tracks the market as a whole such as SCHS or the SPY to take advantage of long term growth that is seen in the market. This allows for you to take advantage of compounding interest that is often not possible while reselling, and have an additional stream of income.

If you are interested, please feel free to follow the link below and feel free to let me know if you have any questions about reselling. Please remember that all investing comes with risk, but with risk comes the potential for rewards.

Robinhood Link - https://join.robinhood.com/brandos3028