Side Hustle Spark 272: Annuity.org–Not all passive income requires a side hustle

A reader recently pointed me to annuity.org, which reminds us that sometimes we can just let some stashed cash do the work for us.

Passive Income Streams by Kim Borwick explains a few of the benefits of income sources requiring financial research and strategy vs. the ‘produce-and-market’ approach of many side hustlers.

A few highlights:

— “A passive income stream can mitigate the effects of financial shocks, especially for people in retirement who are on a fixed income.”

— “For example, diversification lets investors achieve two goals simultaneously: increase their rate of return and reduce risk.”

— “Similarly, laddering can eliminate the rigidity of an annuity contract, allowing you to take advantage of rising interest rates.”

— “These income sources can allow you to save for retirement or meet current financial obligations” without “the lack of quality family time and personal connection common among dual-earner households (including side hustlers).”

— The author closes with a list of additional ideas for passive income, many of which you might have considered, but in this world of ‘info-barrage’, a few reminders never hurt. PLUS, conditions and circumstances in 2021 change so fast, an idea ignored one day might be just the ticket for extra cash the next.

Side Hustle Spark 270: Naming your products? Here’s some help.

Developing a product or service but can’t seem to get past what writers call ‘a working title’?

Here are a few tools that might help you nail down a name that creates a memorable identity in the minds of prospective customers.

— Sign up for 7 QUESTIONS FOR CREATING COOL PRODUCT NAMES from Mike Brown [brainzooming.com), whose skills, experience, and generosity I’ve highlighted way back in Spark #184.

— Namestorming: How to Choose a Brand Name in 20 Minutes or Less

Build a memorable online brand easilywith this business name generator, Namify

Side Hustle Spark 269: Advice and Inspiration, via Twitter

From the Department of Short and Sweet, But Valuable Just the Same:

I’ve already pointed you to:–Hustle & Conquer

And I think the same creator tweets content through Side Hustle Journey–multiple Twitter accounts…something you might consider.

I also like…

The Growth Hub

The Smart Money

You just never know when or where you might hit upon a strategy or digital tool or kick-in-the-rear that launches you forward.

Good luck, side hustlers.

Side Hustle Spark 268: Ben Hawes, Side Hustle Coach and measure your side hustle success

Here is the latest from my Scoop-it page:

Click the above image to view a 90-second tour of the sites.

Here are the links to the sites highlighted in the video:

https://www.recruiter.com/i/side-hustle-smarts-5-metrics-to-measure-success/

Meet Ben Hawes: Side Hustle Coach

2 Side Hustles Without the Hustle

5 Metrics to Measure Side Hustle Success

Forge ahead, solos!

Side Hustle Spark 266: A list of lessons for side hustlers

tips for side hustlers

Dielle Charon started as a struggling social worker and over time discovered her own methods of generating leads and clients. She has brought in over $200,000 over two years–while still working 9-5– and has evolved into a ‘coach for coaches’.

Here is her list of 19 lessons for side hustlers.

Some favorites are in the above graphic.

Keep plugging, solos!

Side Hustle Spark 264: Entrepreneur Elevator Pitch–abundant source of ideas, strategies

Fun stuff.

Entrepreneur Elevator Pitch completed its sixth season (eight 20-minute episodes) last December. The first five seasons consist of 12 episodes.

The contestants–usually four per show–have 60 seconds to convince one or more of the four seasoned entrepreneurs to join them in their ‘board room’ to further discuss their business and negotiate an investment agreement.

Here is the overview and cast of judges/investors.

Call it a scaled-down Shark Tank, but still with plenty of back-and-forth between the ‘pitchers’ and the ‘pitchees’.

Benefits:

— Get business ideas.
— Glean pitch strategies.
— Narrow (or widen) your own side hustle’s focus.
— Learn some of the lingo.

You might find your current hustle is either on the right track or you might decide to pivot. There’s value in either scenario, right?

Forge ahead, solos!

Side Hustle Spark 262: wpbeginner.com–a treasury of knowledge and resources

Syed Balkhi’s resource-filled wpbeginner website is a testament to his inside-and-out knowledge of WordPress.

A few of his more recent posts:

How to Increase Ad Impressions in WordPress with Ad Refresh (2 Ways) He credits Buzzfeed with this technique.

How to Split WordPress Posts into Multiple Pages (Post Pagination)

How to Start a WordPress Blog the RIGHT WAY in 7 Easy Steps (2021)

Experienced and novice WordPress users alike will benefit from a ten-minute visit here.

Keep plugging!