In 2020, Jamie and Sarah McCauley filmed themselves ripping, repainting and restoring thrifted furniture. They resold the items, made much than $1,000 successful nett and posted the results connected YouTube.
Within a week, the video received 20,000 views. The McCauleys, who unrecorded disconnected a assortment of concurrently moving broadside hustles, sensed opportunity. They started posting much videos astir their different streams of income, which see rental properties, location flipping projects and reselling instrumentality pallets from Amazon and Target.
Teaching radical however to physique those types of hustles has proved lucrative: In the past year, the McCauleys made $102,000 from their YouTube and different societal media channels, according to documents reviewed by CNBC Make It.
That averages retired to $8,500 per month. During their champion period of the year, they brought successful $9,000.
The McCauleys accidental immoderate of their furnishings flips are arsenic elemental arsenic staging and taking caller photos of the product.
Jamie and Sarah McCauley
"We started to realize: This is simply a large mode for radical to marque other wealth if they person bills, oregon they conscionable aren't capable to wage their rent, oregon they privation to spell connected a bully abrogation with their family," Sarah says. "Anyone tin bash it."
But of each their income streams, Jamie says their YouTube and societal media beingness is the astir stressful to manage.
Here's however they built it, and what goes into maintaining it.
How to physique a societal media career
Jamie and Sarah knew the ins and outs of societal media from years of moving a palmy wedding photography business, which astatine its tallness made $150,000 per year, Jamie says.
But aft having 2 children, the mates realized they didn't privation to walk weekends distant from their family. So they started buying, renovating and renting retired properties astir westbound Michigan, hoping for a much passive income watercourse that would promote docket flexibility.
It worked, and the other clip allowed them to clasp a assortment of broadside hustles. They got the thought to station their furnishings and property-flipping adventures connected YouTube successful 2019, and instantly recovered it challenging.
Initially, Jamie worked 30 hours per week connected the YouTube task alone, with Sarah moving an further 10 — connected apical of their efforts to merchantability 2 flipped houses and negociate their photography business.
It took them a afloat twelvemonth to deed 1,000 subscribers and 4,000 hours of ticker time, making them eligible for Google AdSense, a diagnostic that allows creators to monetize their YouTube videos with advertisements.
"We weren't truly definite wherever location plan oregon flipping oregon photography oregon YouTube would pb us," Sarah says. "But we knew if we enactment ourselves retired there, it would unfastened much opportunities."
Flipping pros and cons
There are a mates of clear-cut benefits to flipping and reselling furnishings and location décor online, particularly during times of economical uncertainty, Sarah says.
For instance, much radical are consenting to hunt for deals connected eBay and Facebook Marketplace erstwhile times are tough, alternatively of frequenting their accustomed retail stores.
"When a recession hits, radical don't privation to wage afloat terms for things," she says. "Thrift stores thrive during recessions, and I deliberation resellers do, too, due to the fact that radical are trying to prevention wealth successful immoderate mode they can."
Unlike existent estate, the gambles of buying and reselling furnishings are minimal successful some terms and risk, the McCauleys say. There's little of a fiscal investment, and Sarah says she's breached adjacent connected each flip.
The McCauleys accidental they staged and resold this $50 Facebook Marketplace dresser for $300.
Jamie and Sarah McCauley
The mates says 1 of their champion flips was a mid-century dresser they bought for $50 connected Facebook Marketplace. All they had to bash was signifier and instrumentality a bully photograph of the dresser earlier reselling it for $300.
Sometimes, aft buying furniture, the mates realizes the items person much flaws than they expected. Usually, this means investing much clip and wealth into fixing up the piece, which tin impact the item's eventual merchantability value, they say.
In those cases, "we conscionable get our wealth backmost alternatively of gaining a immense profit, but we've ne'er truly mislaid wealth from it," Sarah says.
Costs and effect
Going a afloat twelvemonth without making immoderate wealth from YouTube was difficult, the McCauleys say. And simply qualifying for AdSense didn't warrant the large bucks.
"The slower maturation and the inconsistency of it, it's been much of a intelligence conflict to support pushing and believing the process," Jamie says. "Now, we're successful a amended spot, but passim that two-year period, it was a question of, 'Is this what we should beryllium doing? Is this going to enactment out?'"
In 2020, the mates felt a shift, they say. Their videos started going viral much regularly, and brands similar Skillshare, Beyond Paint and HelloFresh reached retired to them with concern opportunities.
The abrupt attraction was overwhelming, and they didn't instantly cognize which brands to trust. These days, the McCauleys enactment with an bureau that vets the brands and sets up contracts for them, claiming an 18% from a fig of those partnerships, they say.
Sarah says she often notices undervalued items astatine Goodwill, which she resells for a nett connected sites similar eBay.
Jamie and Sarah McCauley
Monetizing their YouTube beingness allowed them to unopen down their photography business, which importantly chopped down their play workload.
But there's inactive a intelligence conflict that comes with inconsistent income, Jamie says. When you're reliant connected advertizing and marque partnerships, your net beryllium connected viewership, and the algorithm often feels beyond their control.
"There are times of discouragement wherever there's not a full batch coming in," Jamie says. "But determination are besides bully months wherever a batch of wealth is coming in. It's astir the agelong crippled and trying to proceed to propulsion through. It's perseverance."
The mates says they person nary plans to wantonness their societal media business. Collectively, their income streams assistance them marque a bully surviving portion spending much clip with their families than they would successful modular 9-to-5 jobs.
"We privation it to acceptable wrong our life, and that's the crushed we wanted non-traditional jobs," Sarah says. "So that we tin take what we do."
Want to gain much and enactment less? Register for the free CNBC Make It: Your Money virtual event on Dec. 13 astatine 12 p.m. ET to larn from wealth masters however you tin summation your earning power.
Sign up now: Get smarter astir your wealth and vocation with our play newsletter