ARE you tired of working the 9-5 slog and barely having any money left at the end of the month after paying your bills?
Well, many of us know the struggle, but one woman is proving that there is a way to escape this and make thousands should you choose to take the plunge.
So if you need some inspiration on how to make a fortune and be your own boss, you’ve come to the right place.
A lifelong thrifting enthusiast, Nica Yusay revealed that she quit her successful job as a digital marketing brand manager to pursue her passion for online vintage bags.
And now, Nica’s online vintage bag store, FashioNica, sells out so quickly that she often thinks there’s a glitch on her website.
According to CNBC, Nica developed a talent for finding high-end bags at a fraction of their retail value from a young age.
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The entrepreneur accumulated her own collection over the years, but never thought she could make money from her skill — until her fiancé suggested she make a business out of it.
In January 2021, Nica took the jump, spending £12,715 on luxury bags she intended to resell on sites like Poshmark and Depop.
She also posted a video on TikTok about negotiating prices with customers, which went viral – gaining Nica 10,000 followers almost immediately and the video now has nearly three million views.
After six months of growing interest, Nica created a Shopify website for FashioNica and by the end of the year, she’d made £254,316.00 from the side hustle.
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After growing up in a single parent household and always feeling financially insecure, Nica was scared to take the plunge, but the money persuaded her to leave her £69,513 annual salary as a digital marketing brand manager for Pieology Pizzeria in February, and pursue FashioNica full-time from her home in California.
The influencer — who has 137,000 followers on Instagram and 115,000 on TikTok — says the leap was “extremely scary,” especially considering how much she spent on initial inventory.
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But now, the business earns up to £46,663 on each drop and FashioNica has brought in roughly £845,344.00 in revenue since 2022 started, according to documents reviewed by CNBC Make It.
Nica explained that she has a strict schedule, working six days a week and spends a lot of her time in thrift stores, sourcing unique bags to include in her “drops”.
The drops – where she releases a new batch of 20 to 30 designer bags – sell for anywhere from £144 to nearly £16,122 each.
Nica revealed that drops can sell out within two minutes and she will pack and ship out the orders on Saturdays.
Back in March, Nica hired her mum and sister to help her with the shipping process — helping her claw some of her time on Saturdays back.
But believe it or not, Nica doesn’t plan to use this extra time to rest.
She said: “I was thinking, ‘if I was to hire my mom and my sister, for example, and have them ship out my orders, I would gain a full day.
“A full day could mean I can add an additional five, maybe even 10 bags to my inventory for the next drop.”
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Nica has big dreams for her business and says she wants to add more bags to her weekly drops, hire more employees and eventually move FashioNica into its own facility.
She explained: “I would love to get to a place where, in like five years, I can say I have a whole team helping me out [in] a warehouse.”
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