Jim organizes bike races on free public roads with a $100 community center rental and $1,000 in food costs. He charges 200 riders $60 each, pulls in $15,000 total with sponsors, and walks away with roughly $10,000 profit in a single weekend.
How did this guy make $10,000 in a weekend with a bicycle side hustle? Well, he runs bike races, but it's not how you think. The things he uses to do it are cheap or they're free. First, Jim rents a cheap community center in a rural town. This one here costs $100 for the day. Then he goes and makes bicycling routes from that community center. But because these are public roads, it actually doesn't cost him anything. Then he spends another $1,000 or so to arrange some food with local vendors. Finally, he sends out an invitation across Texas. 'Come ride in my race,' he says. Let's say 200 people sign up. They pay him $60 in advance for each signup. That's $12,000 in revenue. But that's not all. He also gets a few thousand dollars each race from sponsors. So let's say $15,000 for the weekend. $15,000 for the weekend, less expenses, and he takes home a cool $10,000 for a weekend's work. Crazy when you think.
