Learn how to begin a six-figure facet job
Nick Loper, 38, has turned his side into a six-dollar business. It is said that even in the face of a global epidemic, it could reactivate six people.
Loper began his career as a car dealer. He resigned the same day as his first part of selling shoes online – became profitable enough to pay off his debts. Now the founder of Side Hustle Nation is talking to other entrepreneurs about how they have changed the side for the better. After eight years and hundreds of questions, Loper has a wealth of ideas to share.
There is a secret to the sound of six people, he says. It is important to listen to “pain.”
“If you have a problem that you have overcome, the solution could be the foundation of the business,” he says.
Example: A woman Loper who was recently interviewed started a gym business. Why? Everyone hates picking up their animals. He was told in January that his Michigan business made $ 1,000 a week to take other people’s pets – and gave him a note in September that it had grown since then.
“It’s not good. It’s not good, “Loper says.” But that’s the kind of example I’m working on right now. “
The epidemic, while devastating some industries, also offers many opportunities.
“If you were on a trip or a vacation, you were careless overnight,” Loper says. “But if you’re in the business of e-commerce or shipping or some of the local services, you’re probably doing better.”
The online teaching and learning environment has gone to terrorists and employs thousands of people, mainly because COVID-19 has forced schools to close. Some online schools also find customers.
Grubhub, DoorDash, Instacart, Postmates, Dumpling and many other hosting companies are running to find enough drivers to fit their needs.
People who can help local businesses create an online business are also doing great business.
Choosing a path
Once you’ve identified the area that is right for you, it’s wise to think about your situation. Do you have the time and personality to advertise your new business, or would you like to use an online platform that interests you?
You could earn a lot of money – and find other challenges that relate to your skills – by doing it on your own. It is the market where Loper supports coaching and his podcast. His show highlights the impact that various entrepreneurs have made on their businesses and the strategies they need to make their businesses more successful.
For those who don’t know what to do, Loper has six options.
Make a chart
Start with a three-column chart. Check the columns for “skills,” “preferences” and “links,” he says.
Are you able to create and create a website, edit books, translate or cook? Can you design a good workout, train untrained dogs or combine heavy machinery or chairs? In the first column, list all things that you do best for everyone.
Because you are planning to do this work in your precious time, you should also enjoy it. Therefore, in the second phase, list your interests, hobbies. Love baseball? Save stamps (or coins or toys)? Do you like to just look at the market or read the history of European kings? Put your favorite pastime on the list.
Now look at lines 1 and 2. For example, if you think you can change a book, it should probably be a book about what you mentioned in Column 2. Once you connect skills and passions, you have the opportunity to work together, Loper says.
Step 3, “connected with them,” lists people who can help. We’ll turn right around.
Get painful points
Now think of the challenges people face in your professional community that you can help him or her overcome. With so many people temporarily stressed, good cooks will be able to make a meal to return or carry. Dog breeders can offer to take their pets and bring them clean.
Since gyms meet COVID safety restrictions, fitness professionals can find a way to outsource work outdoors. Architects can provide individual support through Zoom.
With so many people trying to work and learn online, professional help is a must. If you are tech-savvy, you can create a business that goes with the search for professionalism.
Finding the right business is a way to match your skills and interests with the challenge that needs to be addressed.
You may be tempted to make your own role in trying to develop your own interests – for example, calling yourself an editor and not an accountant. But I’m wrong, says Loper. You need to know what to do better than anyone else. Your niche should combine your skills and interests.
“If anyone can afford it, everyone should do it, and that will lower the price,” he says. It’s the same with Uber. Driving a car is not a special skill, which is why they are constantly reducing costs. But I had a boy on my show who taught people to play the piano in 21 days. It’s different. If you can have them in a particular market, you can order more prices. ”
Once you’ve identified the potential for conflict, start a network of mines. Seek out friends, relatives and professional groups who can buy your work or who can tell you to someone who can. These names go into Part 3 of your graph.
“You don’t need business cards or a website to start a business, you need a client,” says Loper. “You can get some of these things in the end, but look for one person who can pay you to deal with their problem.”
Loper, for example, was an excellent Englishman, so he thought he could translate books. But he had no interest in vampire records. He is interested in business and finance. So in order to sell his work, he asked members of the group with whom he had joined business books to write their own books.
“It’s amazing how words start to spread in these villages,” he says.
If you have a full-time job, a family or both, finding enough time to start a side business is a challenge. But even if you can’t get rid of it for a long time, you should take time each day to grow your business, says Loper.
“Get rid of that – half an hour a day, one hour a day,” says Loper. “Think about the time – either before you go to work or before you go to bed – that you can work only when you’re making noise.”
Even a few minutes a day can change, he says. Waiting until you have a big time to start is a reason to procrastinate, and procrastination does not achieve anything.
Do regular check-ups
Once you have been there for six months or a year, you need to look at the time you are wasting, the progress you are making and whether your efforts are worth the time.
“If you don’t see the results you want – or if you’re afraid of the job – it’s too late,” he says.
Kristof is the editor of SideHusl.com, an independent site that looks for opportunities to make a lot of money in gig economics.