Side Jobs you can do while working in Asset Management?
Hi,
I'm wondering if there are any side jobs that you can do while working in an investment management firm? I know in the beginning it might be hard to find time but I've heard the hours get better. So considering the important of multiple flows of income, I'm wondering if there are part time jobs you can do, that are preferably (but not necessarily) related to asset management, while working in investment management? And how should you go about looking, and starting, that other side job?
Thank you!
Uber
Get into selling physical products on Amazon.
Jungle Scout has a youtube channel that teaches you how to sell products on amazon, how to find products to import and products manufacturers from china on alibaba....its free to learn on youtube...takes about $1500 to get started (first batch of products to sell costs about $1000...plus a couple hundred for advertising, shipping, inspection, giveaways). you don't need to dominate a category...but if you can buy products from china for $2-4....ship them to the US for $1 each, sell them for $16-20 on amazon (amazon takes 15% plus shipping and handling fee of about $5-6 for small light items)...so your $4 item can net you ~ $6-8....and after subtracting all your costs (product, click thru ads, etc)...you can avg a 50% return on your investment, and turn that over monthly (until you hit the max sales for a category depending on demand). Its an interesting business to get into. There are millions of products purchased on amazon...and about 40% are sold this way (not by the original name-brand manufacturer, but by a 3rd party reseller who white labels the product from china). If you keep reinvest the profits into creating other product lines, you can grow this into a very large business that will dwarf what you'll make in your "job"....but that usually takes a couple years.
Freelance consulting.
hours might be better but if you plan on staying in AM, then plan on allocating 15-20 hours/week 4-6 months/year for the next few years studying for the CFA.