THERE has been one side hustle that’s a real cash cow – just play with your own farm animals, and you can net $10,000 a month.
Americans are continuously looking for side hustles to increase their spending money amid rates of extreme inflation.
Goat yoga can bring in revenue of around $10,000 a monthCredit: Tiktok
Many of these side hustles are difficult to implement or have many upfront costs, but one woman, Lainey Morse, has created a $160,000 business out of something she was just doing for fun: goat yoga.
Lainey created Original Goat Yoga in 2016 out of her home in Oregon.
The side hustle brings her $10,000 each month by just hosting goat yoga sessions out of her own barn, TikToker RealCodieSanchez revealed in a video.
Codie is a prominent content creator whose 930,000 followers regularly look to her for side hustle and money tips.
How Lainey did it
Although the business brings in a decent profit, it actually doesn’t require too many upfront costs.
In Lainey’s case, she was mainly working with what she already had.
She bought her property back in 2014 and initially purchased a copy of the book Raising Goats for Dummies.
“I never lived in a spot where I could have goats,” Lainey said, according to CNBC. “I wanted them my whole life.”
From there, she got her first two goats and quickly the duo grew into a small herd.
Goats are relatively cheap to buy, only costing between $75 and $200.
Once you have a few, it’s easy to grow your own herd.
“The crazy thing about goats is they’re pretty cheap,” Codie said.
“You can buy them and then they multiply like crazy. Those goats figured out in reproduction, and they like it.”
Lainey initially thought of the idea of incorporating goats into a yoga routine when she was depressed during her divorce.
It was also right after she had been diagnosed with an autoimmune disease, and Lainey’s goats were always there to bring some joy into her life.
It was a natural combination; yoga was something she loved, and her pet goats could help her depression.
And it turns out, many people would pay for that experience too.
Because of the demand for goat yoga, Lainey is able to charge $35 per person per yoga session.
Altogether, that brings in some hefty spare change: around $13,300 per month.
In her first year of business, that meant she made $160,000 from the business.
“I’m telling you,” Codie said. “There’s money to be made just about everywhere.”
The only thing you have to pay upfront for this type of side hustle is your mortgage and the initial goats.
Since the goats are free range, they take care of their own feed.
“She’s got to purchase a few of them, but at a certain point, you’re buying something once, one goat, replicating it continuously and cash flowing off of it,” Codie said.
Goat yoga includes traditional yoga poses while goats play with and relax youCredit: Tiktok
What is goat yoga?
Goat yoga is in some ways exactly what it sounds like.
As with any traditional yoga class, a yoga instructor will lead you through a lesson of yoga poses and meditation.
The difference is that while this is all going down, there are goats parading across the room, interacting with students as they work on their poses.
The idea is that you get to do a relaxing form of exercise while having fun with the animals, who are known as some of the friendlier barn animals around.
Lainey’s now grown her goat yoga business to several locations.
Lainey told CNBC that the happiness she sees in the people who come for yoga while they interact with the animals is what she enjoys most about it all.
“I remember a lady coming. She says: ‘I almost didn’t come. I bought my tickets while ago, and my husband was diagnosed with cancer, and I’ve been his caregiver and it’s been so hard on me.’”
“The woman had planned to cancel her goat yoga session, but her daughter talked her out of it. “It’s been the best decision I could’ve made, because it’s the first time I’ve smiled in months,” the woman told Lainey , CNBC reports.
“That’s powerful,” Lainey said.
Keep in mind, all side hustle income must be reported to the IRS.
Otherwise, you risk being audited and paying some hefty fine.
Other side hustles
You don’t need a farm or a herd of goats to launch your own successful side hustle.
If you have a creative streak, there is money to be made from your talent.
One woman has launched a business earning more than $260,000 per year for her designs, and she does it all after she logs off of work.
If you’re tech savvy, you can create videos on YouTube and bring in $10,000 a month.
One man turned his high school side hustle and hobby for baking into $100,000 a year and Netflix stardom.
Plus, there’s a surprising way you can make up to $180,000 each year, and all you need to do is go to the bathroom.