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The Side Hustle Show
644: $2k a Month in Semi-Passive Income on the Side
Dec 2, 2024
Rob Phelan, a dedicated high school math and personal finance teacher, has transformed his expertise into a thriving side hustle by selling lesson plans online. He shares insights into the Teachers Pay Teachers marketplace, emphasizing the importance of finding a niche and creating unique educational resources. Rob also discusses strategies for launching products and engaging customers effectively. With an impressive $2,000 monthly income that's growing annually, he highlights the potential for educators to tap into semi-passive income by leveraging digital platforms.
43:25
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Quick takeaways
- Narrowing focus to a specific niche, like personal finance for teachers, can enhance customer engagement and loyalty on platforms like Teachers Pay Teachers.
- Utilizing social media, particularly Facebook groups, for product promotion and free trials helps build trust and community among educators.
Deep dives
Creating Digital Products for Teachers
The episode highlights the success of a personal finance educator who generates around $2,000 a month through a digital products business. He focuses on creating quality educational resources for teachers, particularly in the personal finance niche. Instead of developing a full curriculum, he concentrates on providing supplementary materials that enhance existing lesson plans. This strategy fosters engagement among students, making lessons more interactive and effective.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode