Passive Income from Recycling
Did you know that roughly 85% of all textile waste ends up in landfills each year? Unwanted clothes, shoes and textiles create almost 17 billion pounds of waste in landfills annually. Some people might look at these statistics and see a significant environmental problem. Others might see opportunity. If you’re looking for a side hustle that promotes environmental stewardship and supplements your current job or makes your retirement more comfortable, you might consider generating passive income from recycling clothes and shoes.
What exactly is passive income?
Passive income is not a full-time job or even a part-time job. Instead, it’s income that you receive from secondary sources, such as a side hustle, that doesn’t require a great deal of active involvement. Think of an investment portfolio, for example. You spend a little time each month looking after your investments and evaluating new potential investments while receiving dividends. Since passive income can be generated on a highly flexible schedule, you can continue to work your full-time job or enjoy your retirement while still receiving extra cash to make your lifestyle more comfortable and secure.
What is Clothes Bin and how can it generate passive income?
Clothes Bin is a franchise system with the dual purpose of making the Earth greener while making our franchisees’ more financially secure. It’s a franchise you can feel good about because you’re doing more than your fair share to keep recyclable waste out of landfills. Here’s how Bins can generate passive income for you:
- You’ll place at least 20 Bins in strategic locations in your franchise territory.
- People see the clearly marked Bins designated for textile recycling and provide contributions to them. It’s self-sustaining, passive advertising.
- You or your employee will service the Bins periodically, emptying them when they are near or full capacity.
- The clothes and shoes will be sold in bulk.
- You’ll deposit the checks and watch your bank account grow.
Clothes Bin is a passive income generator because there is little you need to do to maintain your business. You don’t need to worry about maintaining premises or tracking inventory. There’s no fuss over late shipments or high overhead. After you place your Bins, there is little that needs to be done except for emptying then and selling the contents. Moreover, the recycled textile industry as an avenue for entrepreneurship has remained relatively untapped— until now.
Who can benefit from a passive income generator?
If you wish you had more digits in your bank account, you could benefit from earning passive income. Clothes recycling is a good side hustle for people who already have full-time jobs or one or more part-time jobs. It’s also a solid gig for veterans, police officers, firefighters, and all other first responders.
Get started generating passive income with Clothes Bin
Are you interested in earning passive income on a flexible schedule that fits around your current job and other obligations? Perhaps you’re retired and looking for a new activity– while making the world a little more eco-friendly.
Get in touch with Clothes Bin® today to request information about our franchise opportunities. When you join the Clothes Bin® family, you take the first step in reducing textile waste and promoting sustainability in your community. Contact us today and get ready for a Win-Win with the Bin!