Episode 732: 732: 24 Years of Side Hustle Advice
10 business ideas · 6 case studies · Aired
Listen to EpisodeBusiness Ideas from this Episode
Productivity Tool Development
Creating an application or software tool aimed at helping individuals and businesses streamline their workflows through micro-improvements and automation.
Freemium model where basic features are free, and advanced features are available via subscription or one-time purchase.WhatNot Live Selling
A platform for sellers to conduct live shopping events, allowing them to showcase and sell various products in real-time.
Commission on sales made during live events or a subscription fee for premium features.Curiosity-Driven Content Creation
A business focused on producing content that explores new ideas and experiments, driven by curiosity rather than traditional market research.
Advertising revenue, sponsorships, or subscription models for premium content.Asymmetric Bet Business Strategy
A consultancy that assists entrepreneurs in identifying and pursuing high-potential business opportunities with minimal risk.
Consultation fees or success-based fees where the consultant earns a percentage of profits from successful ventures.Passive Income Investment Advisor
A consultancy that guides entrepreneurs on how to take profits from their business and invest them into passive income streams, such as stocks or real estate.
Advisory fees or commission-based earnings from successful investment strategies.Entrepreneurial Reflection Journal
A guided journaling product that helps entrepreneurs track their daily progress, celebrate wins, and set priorities for the next day.
Sales of physical or digital journals, possibly with subscription options for motivational content and prompts.Mentorship Marketplace
An online platform connecting entrepreneurs with mentors who can offer guidance and expertise based on their prior experiences.
Subscription fees from mentees or commissions from mentoring sessions.Transformation-Based Marketing Service
A marketing consultancy that helps businesses sell their products by emphasizing the transformation they provide rather than just the product itself.
Consultation fees or a performance-based fee structure tied to sales growth.User Experience Optimization
A service that specializes in improving user experience on websites by implementing targeted changes and enhancements based on user data and feedback.
Consulting fees for service improvements, potentially supplemented by a subscription model for ongoing support and optimization.Side Hustle Coaching
A coaching service that aids individuals in identifying when to pivot or pause their side hustles, ensuring they maintain a healthy work-life balance.
Hourly coaching fees or package deals for ongoing support.Case Studies from this Episode
Virtual Assistant Assistant
A resource directory aimed at helping entrepreneurs find and hire virtual assistants.
Not mentioned in the transcript
Gusto
Gusto is an online payroll, HR, and benefits tool designed for modern small businesses.
Not mentioned in the transcript
A multinational technology company specializing in internet-related services and products, including online advertising technologies.
Not mentioned in the transcript
Virtual Assistant Service
A service that provides administrative, technical, or creative assistance to clients remotely.
Not mentioned in the transcript
ChooseFI
ChooseFI is a podcast focused on financial independence, discussing retirement and personal finance topics.
Not mentioned in the transcript
Whatnot
Whatnot is the largest dedicated live shopping platform where users can sell various products such as beauty items, collectibles, electronics, thrift store finds, luxury fashion, and food products live to an audience.
Sellers on Whatnot reportedly sell 10 times more than on other major marketplaces, and the platform has a promotional offer matching the first $150 sold in the first month for new sellers.
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