Circling back to a side hustler interview

Let’s revisit–in more detail–resources I’ve suggested in previous posts.


Today, I’ll condense the first ESI Money interview suggested in this post.
Lots of valuable information in the interviews, but I can’t very well copy/paste acres of the content, so I’ve provided a short background followed by advice and lessons learned.


Erik from The Mastermind Within is the guest.

Background: At the time of the interview [May, 2019], three main side hustles—house hacking, consulting and freelance web design—made up the majority of his side income.

Advice: 
1. Creation of something new seems to be a lot harder than stepping into a role which already exists.
2. Focus is incredibly important in life. I was trying to do too much, and when I started, I didn’t have the time to fully dive in and give it my all.
3. Luck doesn’t happen unless you put yourself in those situations where you can “get” lucky.
4. For my subscription box, which I started in 2017 and have since closed down, I ended up closing out with a loss of roughly $20,000. I did make roughly $15,000 in revenue, but I wasn’t passionate about it.
5. Think about this for a second: in 5 years, you’ll be on this Earth for 43,800 hours. How many hours does it take to implement your idea? 100?

Readers: I hope this helped.

My Manifesto

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Building a Successful Online Business: Training Notes II

Below you will find Round Two of the notes I took from CopyBlogger’s Darrell Vesterfelt and Tim Stoddart’s session. [To watch the entire session, here is the replay.]

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Difficulty finding your niche?

Ask yourself these questions:

  • What do I do better than other people?
  • Do I have a certification or special training?
  • What assistance do people consistently seek from me?

Tim suggested ‘ikigai’—a Japanese term meaning a ‘reason for being’.

One link that explains ‘ikigai’:
https://medium.com/@tommccallum/ikigai-and-overlapping-the-circles-d8c63ffe844

**

Suggested action item:

“I will approach five people today.”  Facebook friends, blog readers, etc.

Fear is the number one obstacle to this. “Won’t I appear salesy?”

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Tim S: [on engaging with customers] Never underestimate how important it is to show care and concern for others and attention to their lives.

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Tim and Darrell: Very adamant about lower pricing as a competitive advantage. It helps you get your foot in the door and ‘build your reps‘. [TH: Repetitions? Reputations? Actually, I like both.]

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Question from attendee: How do I know when to raise my rates?

Answer: When it costs more to NOT raise your prices [i.e. you might then need to hire someone to help], then it is time to raise your prices.

Answer (from Darrell): I just doubled my rate until somebody said ‘No, I can’t afford it.’

You can always renegotiate, but still agree to, a mutually acceptable rate.

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Note: Any included links are not affiliate links. I just think these sites, specialists, and resources are worth your limited time.

Thanks for visiting.

As always, check in with questions and requests in the comments

or the Feedback and Requests Page.

Let me know if any of the content has helped you in some small way.

Building a Successful Online Business: Training Notes

Below you will find Round One of the notes I took from CopyBlogger’s Darrell Vesterfelt and Tim Stoddart’s session. [To watch the entire session, here is the replay.]

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Presenters: Darrell Vesterfelt and Tim Stoddart

Main theme of the training: “If we had to start over today…”

The simple online business framework:

  1. Start by selling a service.
  2. Build an audience.
  3. Create an educational product.
  4. Launch a community.
  5. Leverage your authority.

Darrell: “I read “279 Days to Overnight Success  by Chris Guillebeau. It gave me a framework.”

You don’t have to have it all figured out before you start…plan on pivoting.

Tim: Start by selling a service. Benefits:

  • Low barrier to entry.
  • Nature of performing the service makes you better.
  • Selling a service helps you build an audience.

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Three helpful early steps:

  1. Know your target market.
  2. Know your promise or offer. How are you going to solve the problem?
  3. How will you distribute your service/product?

**Business growth happens when you excel at one of those three list items above.

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There are lumps you have to take. You will be less successful if you skip over those difficult steps.

Failures do NOT send you back to square one. Your experience en route to your ‘failure’ has launched you to many steps ahead of square one.

**

Get comfortable with the idea that most/plenty of other people will reject you/your service or product.

**

Note: Any included links are not affiliate links. I just think these sites, specialists, and resources are worth your limited time.

Thanks for visiting.

As always, check in with questions and requests in the comments below
Let me know if any of the content has helped you in some small way.
sidehustlecurator@gmail.com

Suggestion #16: Music freebies at Pixabay

Image by Steve Buissinne from Pixabay

Already a dependable source for public domain images and video, Pixabay now offers free downloadable music. You never know when you might need a quick piece of intro or outro music for a podcast/some audio you’re creating.

Thanks for visiting.

My manifesto

As always, check in with questions and requests in the comments below
Let me know if any of the content has helped you in some small way.
sidehustlecurator@gmail.com

Suggestion #15: Interviews with side hustlers

ESI Money [Earn-Save-Invest] offers these ten interviews with side hustlers.

A few questions to gain value from these interviews

  1. What is he/she doing that I might consider doing?
  2. Is he/she achieving successes similar to mine? [i.e. give yourself a pat on the back]
  3. Did any potential product/service ideas spring to mind [when I have the time]?
  4. What useful resource should I click to after reading the interview?
  5. Are there any ‘I’ve never thought of that!’ moments?
  6. What have I learned that I can share with family or a friend?

Next post: My notes from the CopyBlogger training of May 20.

My Manifesto

Thanks for visiting.

As always, check in with questions and requests in the comments below
Let me know if any of the content has helped you in some small way.
sidehustlecurator@gmail.com

Suggestion #14: Freebie for side hustlers from Copyblogger

WORD CLOUD FOR COPYBLOGGER

Tomorrow [Wednesday, May 20] at 3:00 PM Eastern, Darrell Vesterfelt and Tim Stoddart of Copyblogger.com are offering a free session to give entrepreneurs a bit of a kickstart. Highlights:

  • A simple framework for building a highly successful (and profitable) online business
  • How to choose your niche
  • How to know what to offer to customers
  • Strategies for pricing your first offering
  • How to find and close your first client

You can register here for free.

Even if you can’t make it to the session…

  • sign up for the replay
  • check out Copyblogger for a treasure trove of valuable content.

Note: These leads are not affiliate links. I just think these sites, specialists, and resources are worth your limited time.

Thanks for visiting.

As always, check in with questions and requests in the comments below
Let me know if any of the content has helped you in some small way.
sidehustlecurator@gmail.com

Suggestion #12: Pat Flynn freebie for course creators

The Smart Passive Income site also offers The SPI Essential Guide to Online Courses.

Highlights:

  • The five most common objections people have to creating an online course. Trust me–almost all of us have run these through our heads.
  • The top 11 mistakes to avoid when creating the course. [Hey, based on my own attempts,I could have written this!]
  • Examples of successful online courses and their origins.

Have a great weekend! Take care of yourselves…your family members [and pets]…and others you encounter. [Notice I didn’t say ‘run into’. Bad choice of words, right? That would imply you were well within six feet of each other. ;->]

Thanks for visiting.

As always, check in with questions and requests in the comments below
Let me know if any of the content has helped you in some small way.
sidehustlecurator@gmail.com

Suggestion #11: Pat Flynn freebies for side hustlers

These are from Pat Flynn of https://www.smartpassiveincome.com/

Highlights:

  • Books: Will It Fly? and Let Go.
  • Mini-courses: Smart From Scratch and Build Your Own Brand
  • Dealing with the pandemic resources

Thanks for visiting.

As always, check in with questions and requests in the comments below
Let me know if any of the content has helped you in some small way.
sidehustlecurator@gmail.com

Suggestion #9: Look into freebies for a side hustle kickstart and…

another list.

Yes, I promised that I would include a list only if it stood out. Today, Nick Loper updated his 150+ Real Ways to Make Extra Money in 2020. Note: While lists can be overwhelming, I use them to push my ‘what if…?’ thinking or to find ideas that might be combined.

Okay, on to the ‘freebies’ portion of the show…

StackSkills Side Hustle Bundle

Today, and for the next couple of posts, I will share freebies for side hustlers, as well as other links, including one to Shannon Mattern, who has produced 286 Pep Talks for Side Hustlers podcasts.

I’m going to start with the reading skills mini-course. [Honest, amping up your reading can help you cover lots of content in shorter amounts of time.]

Let me know what you think. Pretty good for the price.

Thanks for visiting.

As always, check in with questions and requests in the comments below
Let me know if any of the content has helped you in some small way.
sidehustlecurator@gmail.com