28: How Anyone Can Easily Make Extra Money Using Side Hustles with Nick Loper
Jul 9, 2018
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Nick Loper, Founder of Side Hustle Nation, shares expert advice on increasing income through side hustles. They discuss building a successful shoe comparison website and the importance of diversifying income streams. They explore different strategies for making extra money, including low-commitment side hustles and freelancing. They also discuss generating business ideas, targeting specific niches, and finding success in unconventional ventures.
The Intersection Method helps individuals identify potential business ideas that align with their skills, interests, and network.
The Rip Pivot and Jam method allows individuals to leverage successful business concepts while introducing their own innovative ideas.
The Sniper Method helps individuals establish themselves as experts in a specific niche and cater to a specific audience's needs.
Deep dives
Framework 1: Intersection Method
The Intersection Method involves creating three columns: skills, interests, and network. By finding the intersection of these three columns, individuals can identify potential business ideas that align with their abilities, passions, and connections.
Framework 2: Rip Pivot and Jam
The Rip Pivot and Jam method involves taking an existing business model, pivoting it to a different industry or niche, and putting one's unique spin on it. This approach allows individuals to leverage successful business concepts while introducing their own innovative ideas.
Framework 3: Sniper Method
The Sniper Method focuses on targeting a specific niche or market to provide specialized products or services. This approach allows individuals to establish themselves as experts in a particular field and cater to a specific audience's needs.
Unique and Profitable Side Hustles
Some interesting and profitable side hustles include renting inflatables for parties, providing parking lot cleanup services, and running unlimited graphic design on-demand services. These unconventional ventures demonstrate that profitable opportunities can be found in unexpected places.
Unique Side Hustle Ideas: Parking Lot Cleanup
One interesting side hustle idea mentioned in the podcast is picking up trash in parking lots. The speaker highlights how little competition there is in this market and the potential for a scalable business. By consistently picking up garbage, individuals can keep themselves busy and even hire others to help. This side hustle requires minimal equipment and upfront investment, making it accessible to anyone.
Profitable Side Gig: Loan Signing Agent
Another profitable side hustle discussed in the podcast is being a loan signing agent. The speaker explains that this role involves overseeing the signing of loan documents during home loan closings. Notary license is typically the only requirement, which can be obtained with a simple filing fee in most states. The podcast mentioned examples of people earning between $75 to $200 per hour for these appointments, making it a lucrative opportunity. This side hustle is particularly convenient as it often takes place outside of regular working hours and can be done after one's full-time job.
Side hustle is a huge buzzword in the FI community. Make extra money on the side doing something fun, something you love, or even just something that pays really well. Today we bring in Nick Loper, Founder of Side Hustle Nation, to share his expertise...