Operating a mall kiosk can be a profitable side hustle, especially
during the holiday season.
My friend, for example, sets up a kiosk selling vintage video game systems that emulate older consoles. However, this business model can work with any product. During the one month he operates the kiosk, he makes $35,000 in gross sales. His rent for one of the malls is $1000 flat, while for the other mall, he pays $500 plus 15% of profits. Aside from the cost of the systems, which he sources in bulk from China, he also pays for a bit of insurance and the wages of employees to run the kiosk during mall hours.
Initially, my friend rented the kiosk for November and December, but he discovered that November sales were dismal, and profits peaked right before Thanksgiving and died down before Christmas. So he decided to save money and only rent from right before Thanksgiving to right before Christmas. This way, he only pays for one month of rent. While his profit margin varies, he estimates it to be around 40-50% annually.
It's important to note that rent prices can vary depending on the mall's location and size. In a previous video, I mentioned that mall rent is not expensive, but some viewers pointed out that larger malls in more populated areas may charge higher rent prices. I apologize for my mistake and realize that there are huge malls in America, particularly in larger cities, where rent can be as high as $15,000 a month. However, smaller malls in rural areas are also prevalent, and their rent prices may be more affordable.
In conclusion, operating a mall kiosk during the holiday season can be a lucrative side hustle. If you can find the right product and rent a kiosk at an affordable price, you can hire employees to run the kiosk and make a profit without having to be there every day. While the mall's location and size can affect rent prices, it's worth researching and exploring this business model to see if it's right for you.
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