Episode Transcript
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0:00
Here are 10 side hustle trends
0:02
for 2025. What's up, what's
0:04
up, Nick Loper here. Welcome to The
0:06
Side Hustle Show because your nine to
0:08
five may make you a living, but
0:10
your five to nine makes you alive.
0:12
Today we're tackling some side hustle trends
0:14
that you should be aware of because
0:16
they might impact what business you start
0:19
and how you think about scaling it.
0:21
And to help me out with these
0:23
is a longtime friend and friend of
0:25
the show. He's been covering online side
0:27
hustles even longer than I have from
0:29
nichepresuits.com. Spencer Hans, welcome back to The
0:31
Side Hustle Show. Nick, it's great to
0:33
be here, longtime listener, follower of the
0:35
show. And of course, we've connected a
0:37
couple of times in person. It's always
0:39
fun to talk about side hustles, niche
0:41
projects, if you will. So yeah, really
0:43
excited to jump in. Yes, couple old
0:46
timers here. We'll go
0:48
for it. So almost all of our
0:50
content starts from the question, how
0:52
do I make extra money? And to
0:54
answer that, I think it's important
0:56
to know where the market's been, where
0:58
it is today, and maybe where
1:00
you see it potentially going. So that's our
1:02
goal for today, 10 or maybe more. We'll
1:04
see what happens as we get going.
1:06
10 observations from a couple, like we said,
1:08
a couple old guys that you can
1:10
use hopefully to make some more money this
1:12
year. And trend number one that
1:14
I want to bring up is for the
1:16
last year and a half or so ever
1:18
since this helpful content update is what I'm going
1:21
to call the shrinking SEO
1:23
landscape. Rand Fishkin has called it
1:25
zero -click publishing, but just in
1:27
the search results you see
1:29
more AI answers, AI snippets, you
1:31
see more Reddit, you see
1:33
more user -generated content, you see
1:35
these like huge like image Card
1:37
blocks like side oscillation used to rank for
1:40
a lot of like listicle type of content But
1:42
now like this huge chunk of the page
1:44
is getting like well We'll just parse out all
1:46
the items on your list and put a
1:48
little image by it like well Pushes everything else
1:50
lower lower down on the page. You know,
1:52
what are you seeing with niche pursuits? What are
1:54
you seeing with publishers trying to combat this shrinking?
1:58
piece of the pie plus, user changing.
2:00
Like I know from my own
2:02
personal experience, like I find myself using
2:04
chat GPT as a search engine
2:06
or as an answer engine rather, more
2:08
often than Google these days. Yeah.
2:10
Quickly changing landscape, a lot is going
2:12
on in the SEO world. I
2:14
think you hit on that sort of
2:16
the zero click landscape that we're
2:18
entering in. I've seen a lot of
2:20
publishers that, yeah, their answers are
2:22
being taken by those AI overviews that
2:24
Google is putting out. Not only
2:27
has there been a lot of Updates
2:29
right you mentioned the helpful content
2:31
update, but a lot of Google core
2:33
updates that feel like a lot
2:35
of small publishers have been impacted heavily
2:37
with right, but even some large
2:39
publishers I've talked with privately with that
2:41
Their rankings in Google haven't changed
2:43
like they still rank number one for
2:45
the term or number two for
2:47
the term right that they originally ranked
2:49
for but because there's now this
2:51
AI overview they don't get as
2:53
many clicks, right? So the
2:55
rankings technically haven't changed. They still
2:58
are the number one organic result for
3:00
whatever, but they're getting less clicks
3:02
because people now just read that AI
3:04
overview, right? Yeah. And so there's
3:06
that, that Google has changed. And then
3:08
the other thing, I'm in the
3:11
same boat with you. And I think
3:13
a lot of people are like,
3:15
I am starting to use chat GPT
3:17
a lot more, right? Because it
3:19
remembers what I searched previously. Like I'll
3:21
say, Hey, I'm starting a little side
3:23
hustle on this. And then I might ask
3:25
it a series of questions like, what do I
3:28
need to get started? And then I might
3:30
ask, you know, later, what products
3:32
should I buy to help me with
3:34
that? Right? And it's just like this ongoing
3:36
thing that You don't really do
3:38
on Google very well. You'd have to
3:40
type out like two paragraphs to
3:42
do it. ChatGPT just remembers your previous
3:44
searches. Hey, you can give it, you can
3:46
provide it a lot more context, a
3:48
lot more detail. We're like, hey, we're visiting
3:50
Japan with two boys. They're seven and
3:52
nine. What do you recommend for this two
3:54
week itinerary? And it like spits out
3:57
this detailed day by day thing. It's
4:01
frustrating from the content creator perspective because
4:03
somebody had to create that for it to
4:05
crawl. If their business
4:07
model was monetizing with ad
4:09
revenue or affiliate clicks, where
4:11
are they left? What's the
4:13
incentive to keep creating this
4:15
content for the AI to
4:17
chew on? Where does it
4:20
go? For a time,
4:22
a little still a little bit
4:24
torn, there's still got to
4:26
be... Some value in being a
4:28
primary source like scooping a
4:30
story, you know providing first -hand
4:32
Experience and review content, but if
4:34
it ends up just getting
4:37
aggregated and scraped and resummarized I
4:39
don't know why why are we
4:41
doing this? It's extremely frustrating right to
4:43
the content creator because you're exactly
4:45
right somebody had to create all those
4:47
different itineraries to Japan,
4:49
right? That chat GPT had to
4:51
learn on, right? So we as
4:53
publishers over the last, you know,
4:55
however long you've been publishing have
4:57
been creating and researching. And
4:59
a lot of people have been traveling
5:01
to these locations and taking pictures and,
5:03
you know, travel bloggers in particular have
5:05
been hit really hard. Food bloggers in
5:08
particular have been hit really hard, right? Where
5:10
AI can now just spit out the recipe
5:12
for you. That's that sort of thing. And
5:14
so where does that leave? Publishers,
5:16
I don't know the writing.
5:18
answer going forward. Other than
5:20
we're in this really big
5:22
shift, this big transition phase
5:25
of, boy, you either need
5:27
to provide really unique content, or
5:29
like you said, maybe scooping
5:31
truly groundbreaking stories, or your writing
5:33
is just so fascinating that you
5:35
can build an audience, you have
5:37
an email list. people truly
5:39
following you for your personality or
5:42
for your writing abilities or for
5:44
whatever it is that makes you
5:46
unique. So building an
5:48
audience is just becoming
5:50
so important, right? Because if
5:52
you're just there for that transactional
5:54
query and you are making money
5:56
with ads in the past, that
5:58
may be not a very strong
6:01
business going forward. Yeah, it's
6:03
a challenging, a changing landscape.
6:05
And maybe that brings us
6:07
to trend number two in
6:09
light of the SEO challenges
6:12
or the search traffic challenges. I'm
6:15
still, maybe this is old school, but I
6:17
still think you ought to have a website as
6:19
your home base, something you truly do own
6:21
and control. But we've seen this shift
6:23
towards what we might call social
6:25
first audience building or social first publishing,
6:27
where I'm going to go out into
6:31
Instagram, TikTok, YouTube, LinkedIn, Twitter,
6:33
and like try and bring people back
6:35
into my world or try and go
6:37
where, you know, go where my
6:39
audience already is and try and create
6:41
content, build up reputation authority on whatever
6:43
topic it is on these other platforms
6:45
and then... Question
6:48
mark, question mark, question mark. Step
6:50
three, monetize a profit. It's like,
6:52
it's not as simple as it was,
6:54
you know, just pasting in an AdSense or
6:56
a Mediavine script and saying, well, now
6:58
I get paid you, so I got revenue.
7:00
Right. Yeah, exactly, right. For
7:02
a long time in particular, as
7:04
we talk about... and blogging a
7:06
lot. The model was like, okay,
7:08
get this organic traffic from Google.
7:10
And now that pie is shrinking.
7:13
I think a lot of content creators are
7:15
trying to get that organic traffic to
7:17
avoid having to do paid
7:19
media, but they're doing it, like
7:21
you said, Instagram, TikTok, Twitter,
7:25
LinkedIn, pick your platform. YouTube
7:27
is a big one. And then
7:29
what are they doing with that audience?
7:31
It all just depends. I
7:33
agree that, hey, that should be
7:35
maybe one arrow in your quiver
7:37
of like, okay, what's the organic
7:39
reach that I can get? Where
7:41
am I publishing my content? Pick
7:44
a platform, whatever it is, Instagram, YouTube.
7:46
Yeah, and I would probably say pick one
7:48
to start with. study
7:50
it, learn it, own it, and
7:52
go deep, you know, simplify first,
7:54
diversify second. But then do lead them
7:56
to a website or to an email
7:59
list or some central hub where, hey,
8:01
you interact with your audience on
8:03
a more intimate level. A lot
8:05
of businesses do that well, and
8:07
it's just, I used
8:09
to say, hey, go to Google
8:11
and get that organic reach, but
8:13
maybe, yeah, it is more a
8:15
social approach. I think that's, I'm
8:17
seeing that a lot. Yeah, I
8:19
think it's going to lead to
8:22
more thoughtful or more creative monetization
8:24
strategies where it's like if the game plan was
8:26
to just, you know, blanket the web, like
8:28
trying to target, you know, long tail
8:30
search queries, you're going to have to
8:32
have a more in -depth knowledge base around
8:34
that topic to be able to monetize with
8:36
a, you know, coaching or
8:38
consulting program, like solve somebody's specific
8:40
problem. You're going to have to go
8:42
up market in a way if the
8:44
bottom end of that information -based search.
8:46
Traffic is just gonna get eaten by
8:49
AI. Yeah, and you know one other
8:51
thing for people to consider that I'm
8:54
seeing is video first
8:56
content is a bigger
8:58
moat Right, it's gaining
9:00
in a lot of
9:02
popularity the platforms tiktok
9:05
Instagram YouTube right are
9:07
probably if you're willing and able
9:09
to get in front of the
9:11
camera Create great videos whether it's
9:13
shorts or long -form videos that
9:15
is going to have a little bit
9:18
bigger moat than if you're just to
9:20
do written content, because AI can spit
9:22
out written content all day long, but
9:24
it hasn't quite gotten to the place
9:26
where it can replicate you and I
9:28
quite as well. There's still a moat
9:30
there. If you can do video first
9:32
content, I think you can build an
9:34
audience faster. Okay, that makes sense. You
9:36
played around with any AI assisted video,
9:39
like you're doing any Hagen, Spencer,
9:41
what's like your little avatar talking
9:43
on the screen? I haven't gone
9:45
as far as, you know, my
9:47
avatar so much, AI B -roll, you
9:49
know, elements that I can add
9:51
to my videos, done some things
9:53
like that, or other sort of
9:55
silly B -roll. I had some
9:57
B -roll on a YouTube video recently
10:00
where I was talking
10:02
to an artificial
10:04
intelligence... you know, person, it was
10:06
quite obvious that they were not real.
10:08
It was sort of like an inside
10:10
B -roll joke or whatever, but so played
10:12
around, but not like made it a
10:14
main portion of my videos at this
10:16
point. Yeah, video first,
10:18
social first, create
10:21
that bigger moat where
10:23
if you have that firsthand experience,
10:25
like any to you on camera, you're
10:27
building that relationship and trust that is
10:29
a much deeper relationship. And same thing
10:31
with podcasting, like hard to build an
10:33
audience, but once you have people, paying
10:36
attention like really, really valuable audience, especially
10:38
if they're going to spend 45 minutes
10:40
a week with you in their earbuds,
10:42
right? You build that relationship much more
10:44
powerfully than somebody, you know, googling
10:46
something and like skimming a blog post
10:48
for, you know, 90 seconds and then
10:50
they're on to the next thing. Yep.
10:52
Exactly. The next one on my list,
10:54
it kind of relates to this video
10:56
first and maybe we could call it,
10:59
you know, short form videos. Eating
11:01
everything like the tick -tock application
11:03
of the planet, but the
11:05
one that comes to mind is
11:07
the It's kind of like the call
11:09
like the fall of the follower and
11:12
the rise of the algorithm where it
11:14
no longer like
11:16
Give the example of like by logging
11:18
into Facebook or Instagram or any of
11:20
these platforms like half of the stuff
11:22
in my feed is from accounts that
11:24
I don't follow have never followed have
11:26
no relationship with but it's stuff that
11:28
the algorithm thinks I will like and
11:30
It does a pretty good job of
11:32
that because for me, it's like a
11:34
lot of data visualization and maps or
11:36
baseball statistics because it knows I'm going
11:38
to stop and try and figure this
11:40
out. What is this thing trying to
11:42
show me? Or it's like a lot
11:44
of ski videos like, oh, watch this guy go over
11:46
some crazy jump. You have to
11:48
watch the landing to see if he makes it. And
11:51
they know it's going to stop the
11:53
scroll even though I don't follow any of
11:55
these accounts. It's just a weird thing.
11:57
So the good news is, if you're a new creator,
12:00
If you create something that's compelling, you have the
12:02
chance to punch above your way class and get
12:04
seen by, you know, more than your three followers.
12:07
The drawback is if you have a bit of a following, you
12:09
still have to play the algorithms game. And,
12:11
you know, unless it's really
12:13
compelling, even the people who do follow you,
12:15
probably not going to see your stuff. Yeah, exactly.
12:18
You know, on YouTube, we've always accepted this.
12:20
When you go to your YouTube homepage, you
12:22
expect to get recommended videos, right?
12:24
That most of the videos you're
12:27
seeing in your recommendations are not channels
12:29
that you've subscribed to, right? From
12:31
day one, we've always just sort of
12:33
accepted this on YouTube. You're
12:35
exactly right. It's creeped into Facebook,
12:37
Instagram, other platforms where you go
12:39
through. You're not seeing your friends
12:41
posts anymore. You're seeing, you
12:43
know, whatever sort of interest the
12:46
algorithm has assigned to you. And so,
12:48
you know, hey, good for their
12:50
business, I guess it's maybe increasing engagement,
12:52
but you're exactly right that I
12:54
have seen like some really small Facebook
12:56
pages, for example. that they
12:58
can have something go absolutely viral.
13:01
They only have 10 ,000 followers, but
13:03
one of their posts gets like 10
13:05
million views, right? Just because for
13:07
whatever reason, it's triggered this algorithm and
13:09
it can get in front of
13:11
a really, really large audience. So there's
13:13
a lot of opportunity there. If
13:15
you can kind of figure out what
13:17
types of content work really well and you
13:19
can kind of game the algorithms a
13:22
little bit on these platforms. But as a
13:24
user, we may or may not love
13:26
this situation, right? People call it brain. We've
13:28
got a lot of brain rot in
13:30
our feeds that we got to get past.
13:32
So, you know, which
13:35
one wins out there? I don't know. But then
13:37
it's like, what's the benefit to the creator? Like,
13:39
okay, I got a lot of views, but...
13:42
Facebook paying these creators
13:44
based on the views
13:46
that you played around with their, what do
13:49
they call it, their partner program or publishing
13:51
program or something? Yeah, their performance bonus program
13:53
is exactly right. And I could talk about
13:55
this a lot. I don't know if this
13:57
is like another side hustle, whatever
13:59
number we're on here. Yeah, go for
14:01
it. Facebook performance bonus program
14:03
is a really interesting
14:06
program. So think of
14:08
it, I mean, think of it like
14:10
the YouTube partner program, right? You know,
14:12
we all see Mr. Beast videos. He has
14:14
ads in his videos. The YouTube pays
14:16
him, you know, AdSense revenue, ad revenue. That's
14:19
exactly what Facebook is doing that.
14:21
If you get accepted to this performance
14:23
bonus program, and not everyone gets
14:25
accepted, but I do happen to have
14:27
a Facebook page that is accepted
14:29
so I can talk intelligently about this
14:31
program, that once you're
14:33
accepted, you get paid based
14:35
on essentially views and interaction. of
14:38
your posts, right? So if you do
14:40
have something that goes viral, gets a
14:42
million views, gets a ton of comments,
14:44
gets a bunch of, you know, thumbs
14:46
up or whatever, you will make more
14:48
money. And so I have a particular
14:50
page that my best month ever was
14:52
just over $5 ,000 and that was
14:54
about two months ago, right? On average
14:56
now it's doing $3 ,500 to $4 ,000
14:58
a month and it's just a very
15:00
obscure, random topic that isn't
15:03
like, you know, popular. It's not like
15:05
mainstream news or anything. It's more like
15:07
nostalgic type stuff. Like, hey, remember the
15:09
80s when this happened? That's not really
15:11
what my page is, but kind
15:13
of in that vein, right? Nostalgic stuff. Okay.
15:15
So I get some of that stuff too.
15:17
Like here's, you know, here was the billboard,
15:20
you know, top 12 modern rock
15:22
chart from 1994. And you're like,
15:24
I remember those songs. Exactly.
15:26
Stuff kind of like that. Remember this, you
15:28
know? Okay. And it might be an
15:30
image of something that was, you know, from
15:32
20 years ago, 30 years ago or
15:34
whatever. Yeah. I remember like blowing
15:36
into the Nintendo cartridge. Exactly.
15:39
Yeah. Yeah. Good stuff. Is this something
15:41
that you're, someone on your team is
15:43
sourcing this type of material, like coming
15:45
up with this on a consistent basis?
15:47
Yes, it is. I've, you know, I
15:49
managed it from, from the beginning, but Like
15:52
you I've got a lot of other things
15:54
going on So I found somebody that they
15:56
run it they manage the entire process they
15:58
source the content You know write up the
16:00
descriptions and interact with the Facebook page
16:03
where they are essentially doing everything at
16:05
this point Okay, I'm just you know
16:07
kind of managing and making sure everything's
16:09
working well So it's hardly any of
16:11
my own time So I you know
16:13
pay this particular person you know VA
16:15
to run it and manage it and
16:17
I take whatever profits I get yeah
16:19
Is it mostly image content, video? Like
16:21
what's working well? Yeah, it's pretty much
16:23
image content. Yeah, where we might ask
16:25
a question about, you know, do you
16:27
remember this or, you know, did you
16:30
ever experience this or whatever it is, you
16:32
know, we'll write something on it. We
16:34
might put a caption on the image, you
16:36
know, but yeah, it's image content. We
16:38
don't do any video content at this
16:40
point. So. Okay. That's
16:42
an interesting one. Yeah. How many views
16:44
it took to make that $5 ,000 plus
16:46
the ramp up period to get there
16:49
and more side hustle trends with Spencer
16:51
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Shopify.com slash side hustle to
19:05
upgrade your selling today. Shopify.com slash
19:08
side hustle. Yeah,
19:11
so this particular page just got into
19:13
the bonus program. I want to
19:15
say July of last year. So that's
19:18
about nine months, something like that.
19:20
And I don't remember the first one
19:22
or two months, but it was
19:24
under $1 ,000. But quickly
19:26
after that, since late
19:28
last year, call it October,
19:30
November, it's been making a
19:33
couple thousand dollars a month. So only two
19:35
or three months of getting accepted. Now
19:37
the page was about a year old before
19:39
that. Was the one that you started or did
19:41
you buy it like for the existing
19:43
base? I had started. I had started
19:45
this particular page from scratch. Okay. And
19:47
I was trying to send traffic to
19:49
my website, you know, to, you know,
19:52
make things go viral, send them to
19:54
the website, make money from the ads
19:56
on my website. It was
19:58
like maybe making a couple hundred dollars
20:00
a month. But once I got accepted to
20:02
the performance bonus program, I went all in
20:04
on, I'm just keeping everybody on Facebook. I'm
20:06
like, hardly send them
20:08
to my website at all because
20:10
I'm making a lot more. And
20:12
so to answer another, I think
20:14
you asked like how many views
20:16
does it take? So my highest
20:18
viewed month where I made about
20:20
just over $5 ,000, there was 30
20:22
million views or impressions. Like
20:25
essentially 30 million people scrolled
20:27
past our content at some point.
20:29
So it's a lot. But
20:31
on Facebook, I
20:34
mean, things can absolutely blow up. It can add
20:36
up. And the page has about 100
20:38
,000 followers, just so people are aware.
20:40
OK, so yeah, so all those views
20:42
have translated into some people clicking and
20:44
saying, OK, we'll follow you now. Exactly.
20:46
OK, do you have a sense of
20:48
how often your VA is posting new
20:50
stuff? We post like 10 to 15
20:52
times every day. OK. So it's a
20:54
lot. So it's, you know. It's a
20:56
serious thing. Oh, yeah, yeah. It's two,
20:58
three hours a day. She's in there,
21:00
you know. posting images and interacting. Yeah,
21:02
it's a legit thing until Facebook ends
21:05
their performance bonus program and it's all
21:07
crushed. But for now, we're putting a lot
21:09
of effort into it and it's working.
21:11
Until the rug gets pulled out. The
21:13
one that shows up a lot in
21:15
my feed is Jeff Rose. Like
21:18
good financial sense. Like his stuff shows
21:20
up a lot. Oh, yeah. And he's
21:22
like trying to trigger people politically. A
21:24
lot of these like he just grabs
21:26
like screenshots of somebody, you know, play
21:28
both sides. Like I get the senses
21:30
like completely agnostic. I don't really care.
21:32
It's like, but I want to spark
21:34
those engagements, spark those reactions and try
21:36
and get people to click on this.
21:38
I bet I imagine he's doing
21:40
pretty well with this bonus program as well. Yep. Yep,
21:43
no, and that's smart. We do similar things. So
21:45
go into like your, you know,
21:47
Nintendo example, right? We might post an
21:49
image of like nine games and say,
21:51
pick your favorite if you were stuck inside
21:53
all day or something, right? And everybody,
21:55
oh, Mike Tyson's punch out, you know,
21:57
that's the one I want to do.
21:59
Or, you know, it's stuff kind of like that.
22:02
So it's fun stuff. Yeah. It's like engagement
22:04
bait in a way. It's like engagement bait
22:06
sometimes. Totally. Oh, this
22:08
is great. I get people to bait. Oh,
22:10
for sure. Yeah. Okay. I haven't applied to
22:12
do this. I need to find a VA
22:14
like yours to come up with this type
22:16
of content, even if it's side hustle related.
22:18
That could be an interesting way to grow
22:20
the page and another revenue stream if the
22:22
page views are going down on the main
22:24
site. Yeah, absolutely. There's potential there. All right. What's
22:27
next on the list for you?
22:29
Let's see. We kind of talked about
22:31
artificial intelligence kind of showing up
22:33
everywhere, but there's people that
22:35
are truly starting like artificial intelligence businesses,
22:38
right? So call it vibe
22:41
coding, right? We now have
22:43
people using these tools that
22:45
they're not coders, that they're
22:47
building software products, they're building
22:49
apps, they're building little tools
22:51
that people are paying for
22:53
or using, right? And so
22:55
if you have followed Peter
22:57
Levels on Twitter, for example,
22:59
he's built a game using
23:02
artificial intelligence. It's like an
23:04
airline simulator. Okay.
23:06
Like an airplane simulator type game that
23:08
thousands of people can play at
23:10
the same time. So everybody's like doing
23:12
flight simulators together. So you gotta,
23:14
I don't know, I haven't played it,
23:16
but you're dodging other planes and
23:18
it's just absolutely, you know, blown up,
23:21
but he built it all with
23:23
artificial intelligence and He has
23:25
a large following, so he
23:27
has been able to get
23:29
a lot of users very quickly.
23:32
That's a big part of it, is having that built -in audience.
23:35
And now he has sponsors in the
23:37
game that are paying, like, hey, we'll
23:39
sponsor the cloud, or we'll sponsor the
23:41
building. And so he
23:43
posts it, but it's... insane
23:45
numbers. Like it's over $50 ,000 he's
23:47
made in this. It's
23:49
like less than a month old, right?
23:51
Wow. And so, but there's lots
23:53
of other examples now of people
23:55
that are building tools and apps
23:58
and actually selling them or, you
24:00
know, allowing people to use
24:02
them all using, you know,
24:04
cursor .ai as a tool. There's
24:06
lovable AI. There's all
24:08
these tools you can use where
24:10
you basically chat, you know, you chat
24:12
with the AI and it builds
24:14
the app for you. Yeah. Isn't that
24:16
not? It's just like natural language. This
24:18
is what I want to build. It's
24:20
crazy. Yeah. We did a whole episode
24:22
about this with Pete McPherson from do
24:24
you even blog. He's built out a
24:26
handful of these different tools. His latest
24:28
one is like an email
24:31
list gadget, list gadget, I think it's
24:33
called, but he's got several of
24:35
these exited, at least one of them.
24:37
And it was really interesting how he
24:39
recommended, okay, I want to start off by
24:41
asking chat GPT like, Hey, I want
24:43
to build. this big picture,
24:45
what do I need? And it'll
24:48
list out like, here's what you need to do is
24:50
like step two, go to cursor, natural language. Here's what
24:52
I want to build. These are the features of functionality
24:54
that I want to have. This
24:56
is what I'm thinking. It's like, boom,
24:58
boom, boom, you know, it's like, and now you have
25:00
a semi -working version and then you ask, you know, if
25:02
you ask it to troubleshoot itself
25:04
and do the QA testing. Yeah. And
25:07
now you got to go figure
25:09
out the marketing and sales piece is
25:11
always the challenge of that. And
25:13
his recommendation was to start with your
25:15
own pains and problems, scratch your own
25:17
itch. And we call it the unbundling
25:19
of different tools where I may not
25:21
need the whole feature set of an
25:24
Ahrefs, for example. But if I could
25:26
do this one little piece of it,
25:28
maybe that's something that people would be
25:30
worth paying $9 a month for or
25:32
$19 a month for. Yeah. Now
25:34
it's super fascinating. And
25:36
I've seen, I've seen several examples kind
25:38
of like you mentioned of people that are
25:41
building tools. Maybe they're not even selling
25:43
them, but they're building tools for their own
25:45
business to just make their life a little
25:47
bit more efficient, like building their
25:49
own essentially WordPress plugin. Like I want,
25:51
you know, something to do this
25:53
on my website or fix, you know,
25:55
a thousand images, you know,
25:57
and I I don't know how to do
25:59
that. I'm not a programmer, but I'm smart
26:01
enough to ask an AI tool how
26:03
to do that. And it spits out code
26:05
for me, right? To improve my own
26:07
business. Yeah. The one that I got all
26:10
excited about the other night was maybe
26:12
this could just be like a
26:14
custom GPT tool is like so ever after
26:16
every. Episode hit stop recording. My
26:18
next step is to look at the transcript
26:20
and kind of mark up for the editor
26:22
You know the the questions that didn't really
26:24
land or where the conversation went off the
26:26
rails right just to tighten that up a
26:28
little bit and provide a better listening experience
26:31
My thought is to build that custom
26:33
GPT, like feed in a bunch of before
26:35
and afters. Like here was the original
26:37
recording. Here's what made the final cut. Learn
26:39
from this, maybe upload 10 or 15
26:41
of those. And then like here's the next
26:43
raw transcription. Like could you provide some
26:45
suggestions on what to trim from this episode
26:47
to tighten it up a little bit
26:49
and just to see what kind of results
26:51
maybe that would speed up my review process
26:54
a little bit. Yeah, now
26:56
there's like so many applications of different
26:58
things that you can do across your
27:00
entire business. an
27:02
exciting time, right? But things are
27:04
changing so fast. But the
27:06
good news is that like such a
27:08
small percentage of people out there, even
27:10
though everybody listening may have
27:13
heard that, hey, I can actually
27:15
get AI to do some coding
27:17
for me. Very, very few people
27:19
actually take that step to actually build
27:21
something still. So the
27:23
opportunities there, you just still need to
27:25
be willing to jump in, take
27:27
a risk, build out
27:29
your idea and do it.
27:33
potentially becoming cheaper to build a software
27:35
business. And there's still opportunity there.
27:37
I do think for the next few
27:39
years, there's still only going to
27:41
be a tiny sliver of people that
27:43
actually take that step and do
27:45
this. Yeah, this is an interesting one
27:47
from a software entrepreneur like yourself. Like,
27:49
oh, if we go back 15 years
27:51
ago, you know, does Long Tail Pro just
27:54
take a fraction of the development
27:56
time and effort and cost to
27:58
build something today? Probably
28:00
so. Yeah. Yeah, exactly.
28:02
If I were to start from scratch, you
28:05
know, I'd probably still have to work
28:07
with a developer, but I bet I could
28:09
get it 50 % of the way there.
28:12
You know what I mean? Yeah. Yeah. It
28:14
would definitely be way cheaper to build something
28:16
now. I like this idea of building
28:18
something for your own use and then maybe
28:20
with a few tweaks, it's almost
28:22
like white labeling to a different
28:24
audience. Like if somebody else of
28:26
another podcaster wanted to utilize the
28:28
same, you know, editing assistant.
28:31
maybe they could do that and then
28:33
maybe someday a descript wants to
28:35
buy that from me and I've
28:37
got a nice little chunk of
28:39
change for my exit. Yeah, exactly.
28:41
And so here's another side hustle
28:44
trend that I'm seeing that's very
28:46
related. So I think we piggyback
28:48
on this is creating free tools
28:50
or free websites that perhaps are
28:52
generated with AI or not. Either
28:56
way, but I've been covering
28:58
on my YouTube channel.
29:00
I cover a lot of
29:02
free games or free
29:04
tools, you know, free calculators.
29:06
A lot of these things, like
29:08
for example, a couple of them
29:10
are really simple tools like a
29:12
YouTube thumbnail downloader. All you do
29:14
is you pop in the YouTube
29:16
URL and it pulls the thumbnail
29:19
for you, right? Another tool I
29:21
covered is you upload an image
29:23
of yourself. and AI
29:25
detects the shape of your face. Do
29:28
you have a round face or
29:30
an oblong face or an olive
29:32
face? I didn't even know this
29:34
thing existed, right? But
29:36
for example, the face shape, it's
29:38
called, oh, what's the website? Anyways,
29:41
I can't remember the exact website that
29:43
it's called, but it gets something like
29:45
two and a half million visitors every
29:47
month. Wow. that are coming, people just,
29:49
they want to know the shape of
29:51
their face. It's a little like face
29:53
shape quiz thing. Yeah. It's like face
29:56
shape AI. You upload an image of yourself
29:58
and it says, oh, you've got an oblong
30:00
face. You know, congrats. They're
30:02
just monetized with ads, right?
30:04
But there's lots of calculators. Like
30:07
there's a sleep calculator. A
30:09
fun one is
30:11
snowdaytocalculator.com. You put in your zip
30:13
code and it predicts if you're going
30:15
to have a snow day tomorrow. what
30:18
are the odds that school's gonna
30:20
be canceled tomorrow, right? Okay.
30:22
And that gets like three million visitors
30:24
a month during the winter months, right? Wow.
30:27
So there's a lot of these little
30:29
either free tools or there's lots of
30:31
games. There's tons of examples of games
30:33
out there. You could just think
30:35
of some silly word game or shape
30:37
game or whatever it is. Yeah.
30:39
You make it free, monetize
30:41
with ads. The thing can be built
30:43
with AI or simple coding. Right?
30:46
So a lot of these free websites,
30:48
free tools, a lot of these
30:50
things, I'm still seeing do really, really
30:52
well. Do you know the
30:54
secrets behind the what's driving the traffic
30:56
for like the face shape predictor or
30:58
the snow day predictor or anything like
31:00
that? Well, like the face shape
31:02
one does really well in Google. It
31:05
is getting a lot of organic traffic.
31:07
And this is something that people are searching
31:09
for? Yeah. Like, here, if I search,
31:11
what's the shape of my face, I want
31:13
to get the, oh,
31:16
detectfaceshape.com is
31:19
the website, right? Yes,
31:21
people are searching for this. I was
31:24
blown away. like the keywords, like it's
31:26
hundreds of thousands of searches every month
31:28
for a bunch of these. So that
31:30
is a Google play. The Snow Day
31:32
Calculator 1 gets a lot of repeat
31:34
visitors. Once people find it, they just
31:36
know, hey, this is, I don't know why
31:38
so many people look at this, but people
31:40
that want to get out of school, they're,
31:42
hey. 100 % sounds like something my kids would
31:44
check every morning. Exactly. There's clouds today, maybe
31:46
I can get out of school tomorrow. Exactly
31:48
what they're doing. Yeah, you're like, well, it's
31:50
54 degrees, so don't get your hopes up.
31:53
That's right. It's fun stuff. No, this
31:55
is cool. This has always been on
31:57
the back burner. What is
31:59
the niche tool or a
32:01
little calculator? Maybe with
32:04
the help of AI, maybe it's
32:06
a little simple game, one that we
32:08
talked about after a recent
32:10
trip. We went to Hawaii with the family
32:12
and we're snorkeling along. six
32:15
-year -old will tell you the story of like, you
32:17
know, the giant turtle attack is like, of course the
32:19
turtle is paying him no mind at all, but
32:21
like the water was kind of cloudy and it shows
32:23
up like two feet in front of our pace.
32:25
Oh yeah, scary. So he's like freaking out and I'm
32:27
like... did you see a shark or something? You
32:30
know, it's a way we can make like a
32:32
crossy road style game, but it's like turtles and
32:34
sharks and jellyfish or like something where you have
32:36
to like go across the ocean this way. I
32:38
like it. You know, maybe there's something a
32:40
little browser based game that you could
32:42
do based on that. And who
32:45
knows, maybe people find it. Yeah, absolutely.
32:47
And I honestly think there are
32:49
thousands of ideas that sometimes the sillier
32:51
the better, right? Because they might have
32:53
a chance to go viral. either
32:56
create a really great game, right? Or
32:58
if it's something silly that's fun that
33:00
people might talk about, you know, it's
33:02
got the opportunity to be shared a
33:04
lot and can do well. So lots
33:06
of opportunity there. Yeah. I saw a
33:08
Twitter post about this and I'll see
33:10
if I can dig it up for
33:12
the show notes, but it was a
33:14
bunch of like software or little tool
33:16
ideas. And it was, you know,
33:18
sometimes it's something simple, like how to
33:20
improve images in Word or like, you
33:22
know, maybe you can kind of piggyback.
33:25
a question -based query with Word,
33:27
Excel, some software
33:29
tool, and maybe there's some
33:31
layer on that you could add
33:33
to that for a workplace. Maybe
33:36
if people are swiping the company credit
33:38
card, they think less about it than pulling
33:40
out their own money. So maybe there's something
33:43
there. Yeah. And to
33:45
piggyback on that a little bit, we
33:47
talked about, hey, Google is changing
33:49
organic traffic. It's searching for a lot
33:51
of content creators. The one
33:54
area that I am seeing organic traffic
33:56
still do really, really well. are
33:58
these tools, these games,
34:00
right? Because when somebody is
34:02
searching for that particular problem,
34:04
what is the shape of
34:06
my face or whatever the
34:08
query is, they actually
34:10
do need to go to that
34:12
tool or that website to get
34:14
that information. So that is the
34:16
one area that if you wanna
34:18
try and get that organic search,
34:20
you need to be thinking more
34:22
about tools, actual products or games, something
34:25
people can go to and actually
34:27
use. and interact with on your website.
34:30
Okay, very cool. The next
34:32
one that I have on my
34:34
list is what I'm calling the
34:36
death of the online course and
34:38
the rise of the higher touch, higher
34:40
engagement offer. And I don't
34:42
know if this is a factor
34:44
of AI or a factor
34:46
of just like online course fatigue
34:48
where it's like that lower
34:51
ticket, maybe the $100 to
34:53
$500 online course is they
34:55
could really a
34:57
really difficult place to play in right now, in
35:00
my opinion. And what we're seeing is a shift
35:02
towards the, you know, thousand, two
35:04
thousand, maybe two to $10
35:06
,000. Yeah. As much
35:08
as $30 ,000 for like some
35:10
really high touch. You have a
35:12
dedicated coach who's going to
35:14
hold your hand. Maybe there's some,
35:16
you know, onsite local, you
35:18
know, retreats or workshops that are
35:20
included in this. But it's,
35:22
it can kind of a transition
35:24
away from, you purely on
35:27
-demand pre -recorded video -based
35:29
course to a more
35:31
high engagement. Maybe there's a community
35:33
element to this. Maybe there's
35:35
live coaching elements. And
35:37
so if you're thinking about structuring an
35:39
offer, that's just something to keep in
35:42
mind for... you know, going forward. Yeah,
35:44
and I think part of that
35:46
is that there's so much information
35:48
for free on YouTube through video
35:50
content. I think that's part
35:52
of it, right? Is that, hey,
35:54
maybe I used to buy a
35:56
video course for $200 or $500,
35:59
but now I can get 90 %
36:01
of the way there just with
36:03
free content on YouTube. So people are
36:05
like, if it's just... maybe
36:07
I'm not gonna do it, but I
36:09
do believe that you're exactly right. More
36:12
and more people are
36:14
craving in -person type
36:16
meetups or community -based where
36:18
you can interact. either
36:21
in smaller groups, you
36:23
know, maybe you have a mastermind that's
36:25
part of this community that you can
36:27
meet up with on a regular basis,
36:29
or you get that more high touch, like
36:31
you said, that's what I'm
36:33
seeing. And same with me, you
36:36
know, I'm part of an
36:38
online community that I've paid for
36:40
for a few years, but
36:42
I don't pay for the education
36:44
part of it. It's
36:46
really just the community part of it. Yeah.
36:48
That I'm there because I like the people
36:50
that are in the community and you know,
36:52
when I have a problem, I have a
36:54
group of people I know and I trust.
36:56
I know they're experienced. I can bring up
36:58
an issue and I know I'll get an
37:01
answer. Yeah, this community base, we've seen people
37:03
shifting from like a on -demand evergreen model
37:05
to more of a cohort based if you're
37:07
going to do the course thing. That's right.
37:09
It's like, we're all going to go through
37:11
this together. It has a defined start date and
37:13
a defined end date and you
37:15
know, everybody, there's no working ahead. Like
37:17
we're gonna do this together and
37:19
like that safety in numbers or
37:21
strengthening community, I think can work really well.
37:23
And it makes it probably easier to sell
37:25
than just something, well, it's always available. You
37:27
can buy it tomorrow, you can buy it
37:29
the next week, doesn't really matter. It's like,
37:31
you gotta get in cause we're starting on
37:33
Tuesday. Yep, exactly right. Yeah. I think those
37:35
types of models work well. Seems to be
37:38
the trend. That's what I'm saying. More
37:40
side hustle trends with Spencer in
37:42
just a moment, including a seldom
37:44
talked about publishing channel, Spencer's latest
37:46
side hustle and the businesses that
37:48
AI isn't touching anytime soon. Right
37:51
after this. Do you say
37:53
data or data? I think I'm a data
37:55
guy. And one thing I love about Mint Mobile
37:57
is I can get all the data I
37:59
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40:04
One other trend that
40:06
I found interesting or maybe
40:08
maybe it's been going on forever. And
40:10
I was just like playing in the
40:12
organic sandbox too much. But like, you
40:14
know, more and more entrepreneurs incorporating paid
40:16
media, paid traffic, paid acquisition strategies and
40:18
really trying to break down. their
40:21
value chain of well, what is a customer
40:23
ultimately worth at the end of the funnel?
40:25
Or you know, what is a visitor really
40:27
worth to me? What's an email subscriber worth
40:29
to me? How can I go out and
40:31
profitably buy those customers? Like it
40:33
was insane, the amount of
40:35
money flowing through meta from one mastermind
40:38
group or coaching group I was
40:40
a part of last year. It's like
40:42
everybody in the room was spending
40:44
thousands, tens of thousands of dollars a
40:46
month with Mr. Zuckerberg. And I
40:48
was like, what an amazing business that
40:50
they built. Yeah. Yep, exactly right.
40:52
But I mean, that's sort of the
40:54
golden opportunity that's always been there
40:56
is that if you know that it
40:59
costs you a dollar to acquire
41:01
a customer and you can make $2
41:03
for every customer that you get in
41:05
the door, You're gonna just spend as
41:07
much money as you possibly can, right?
41:10
And I've personally never landed on that perfect
41:12
business where I can just spend tens
41:14
of thousands of dollars every month and I
41:16
know I'm gonna make tens of thousands
41:18
of dollars in profit because I'm buying that
41:20
traffic. But some people have, some
41:23
people have. One of those
41:25
examples that has been very
41:27
public about it is Matt
41:29
Paulson, he owns marketbeat.com where
41:31
it's a financial newsletter business
41:33
where he spends essentially
41:35
as much money as he possibly can
41:37
to get people on his email list.
41:39
And he now has, I think it's,
41:41
it was either five or six million
41:43
subscribers that he just passed. Wow. On
41:45
his email list. So it's a huge
41:47
business at this point. And he's calculated
41:49
out, okay, I know I'm going to
41:51
make this much in the first week, you
41:54
know, because we send this many emails and this
41:56
many convert. We know we're going to make
41:58
this much after the first month or lifetime value
42:00
of the customer. And so he just keeps
42:02
pouring gas on the, on the fire
42:04
there. Well, yeah, so you can
42:06
get that flywheel spin and yeah, spend as
42:08
much as you can. Yep, exactly right. And
42:10
so this might be part B of this
42:12
side hustle trend. The trend that maybe has
42:14
been around for a little while is newsletters.
42:17
Newsletters as a business, right?
42:19
I think is what I'll put
42:21
that category in is a lot
42:23
of people are sort of foregoing
42:25
the traditional website and they're truly
42:27
just focusing on, we just get
42:29
people on the email list. And
42:32
then we have sponsors that pay
42:34
to be listed in our email newsletter, right?
42:36
A little ad spot. And so you
42:38
get 50 ,000 or 100 ,000 people on
42:40
your email list and you know you're
42:42
going to make $1 ,000 every time
42:44
you send an email newsletter out to
42:46
your list. You do that two times
42:49
a week, right? All a sudden you're
42:51
making $8 $10 ,000 a month. And so
42:53
this has been a trend, definitely a
42:55
side hustle trend that I've seen is
42:57
monetized email newsletters and that is the
42:59
platform. Like that's it. Yeah,
43:01
it's interesting. Well, we create all this
43:03
content with the goal of getting
43:05
people on my newsletter. What if the
43:07
newsletter is the content and it's
43:09
working really well for some people and
43:11
maybe an even clearer path towards
43:13
that lifetime value of a subscriber metric
43:15
that you're trying to figure out and
43:17
like, okay, now I can go
43:20
out and buy subscribers. Essentially, we've talked
43:22
with Ryan Smeddon on like the
43:24
Naptown scoop, like local newsletter for Annapolis.
43:27
Well, you know, based on this ad load and
43:29
this frequency, it's like exactly what you described.
43:31
Like, oh, yeah, I can totally go out and
43:33
buy subscribers. But like for a local newsletter,
43:35
it's like, well, the population is 80 ,000. Like
43:37
I'm going to cap out at some point where
43:39
it's like, you know, the market share is
43:41
only so big, but for something that is a
43:43
little bit broader. then you really
43:46
can't go huge with it. Yep. Or
43:48
you go to more locations, right? It's
43:50
true, franchise it out. Yeah, we do
43:52
five cities now, you know, or whatever.
43:54
So, but yeah, yeah, super interesting, you
43:56
know, email newsletters as a business. Yeah.
43:59
And we've got a few newsletter based episodes that
44:01
went with Ryan on the local side. We've
44:03
done, Cody Sanchez been on
44:05
the show like early on in her journey,
44:07
this journey to her first like
44:09
50 ,000 subscribers. So it's
44:12
definitely a viable model there. If the
44:14
websites are going to be a little more
44:16
difficult, there is other ways to monetize that
44:18
content, other ways to create and
44:20
share that content. The next one on
44:22
my list is what
44:24
I'm calling everything as
44:26
a service. you know, you can't just pay
44:28
for something now. You got to pay
44:30
for it every month. And I don't know
44:33
if this is, you know, the product
44:35
of Netflix or product of, you know, everything
44:37
is just, you know, it's a tiny
44:39
amount. It's just, you know, a little bit.
44:41
And it becomes from the consumer side, like
44:43
almost, hey, sure, I can afford that. But
44:45
at a certain point, it's like the death
44:47
by a thousand paper cuts. It's like, oh,
44:49
it's just one more. There's one more little
44:51
SAS tool to add on. But from the
44:53
entrepreneur's standpoint, it's almost baked into your pricing
44:55
model this assumption that it's going to
44:57
be a recurring monthly thing. And
45:00
so you can lean into that
45:02
and get people used to paying
45:04
for your thing over and over again.
45:06
Yeah, and I was just looking
45:08
at a perfect example of this, a
45:10
hosting company, you know, where usually,
45:12
you know, in the past, you might
45:14
get a domain along with your,
45:16
you know, hosting package, but now a
45:18
lot of hosting companies, you get
45:20
a full website builder, you know,
45:22
that's a visual builder, you get
45:24
the hosting, you get the domain. Now some
45:27
are offering AI tools, you get an AI
45:29
image generator, you get an AI, you know,
45:31
writer, you get, you know,
45:33
an AI blogging tool. You
45:35
get, it's like everything
45:37
to run your online
45:39
business now and it's
45:41
just one friendly monthly
45:44
fee, right? But
45:46
yeah, I'm seeing that more and more
45:48
as these companies that are building in
45:50
lots of tools and it's like, well,
45:52
I'll just spend 10 bucks a month
45:54
to do all that then, I guess.
45:56
Yeah, it makes sense if you're providing...
46:00
a consistent service if there's a community
46:02
element to what you're doing like,
46:04
hey, it's 50 bucks a month. It's
46:06
100 bucks a month. Stay a
46:08
member of this community. We've seen people
46:10
doing paid newsletters. Sure, the free
46:12
newsletter tier offers this, this, and this,
46:14
but the paid tier offers a
46:16
way you're just seeing the tip of
46:18
the iceberg. So here's more in -depth
46:20
curated content, whatever is behind the
46:22
paywall. We talked about it in the
46:25
context of little micro SaaS projects,
46:27
software tools, lots of different ways to
46:29
go about it. But thinking of
46:31
that recurring revenue first versus a one -off
46:33
purchase. And this relates to the online
46:35
course thing too. It's like, hey, I'm
46:37
going to collect $200 one time upfront
46:39
payment. You got lifetime access to the
46:41
thing. We've seen a little bit of
46:44
a shift and maybe it's the entrepreneurs getting a little
46:46
more savvy. Well, that's great for my
46:48
launch. But then what happens 12 months
46:50
later, it's like, and I keep having
46:52
to serve these people. over and
46:54
over again without collecting any additional revenue. So
46:56
we've seen people shift that pricing model
46:58
to more community -based or add a
47:00
recurring element to it. Yep. I
47:03
think that's smart business. Anytime you can add
47:05
recurring revenue, I think that's smart business.
47:07
Cool. Oh, you got another one?
47:09
Yeah, I do. I've got a couple more.
47:12
This is, I don't know if you call
47:14
this a side hustle trend other than I've seen
47:16
this opportunity and I haven't seen it
47:18
talked about a lot. I don't know if
47:20
it's been covered on the side hustle
47:22
show. Maybe it has been. So forgive me
47:24
if this has been mentioned, but people
47:26
are publishing content on MSN. So I don't
47:28
know if you've seen small publishers, you
47:31
know, MSN.com, truly
47:33
MSN.com, right? A
47:35
lot of... people tend to still
47:37
have that as their homepage. It gets
47:39
millions and millions of views every
47:42
month, but you can be a publisher
47:44
to contribute content to MSN.
47:47
And I just had a
47:49
buddy just this last month.
47:51
He's had a few things
47:53
go really viral and he
47:55
made just over $20 ,000 just
47:57
from publishing on MSN. Wow.
47:59
Right? And so, It's
48:02
one of these really unique opportunities.
48:04
You can apply to get your website
48:06
approved. So if your organic
48:08
traffic is going down from Google, well,
48:10
you can publish content on
48:12
MSN.com. They're still getting a
48:14
ton of direct traffic, right?
48:17
And the population of viewers
48:19
on MSN is probably skews
48:21
a little bit older. And
48:23
so if you have content that does really
48:25
well in that demographic, you
48:27
can get millions of views. I've
48:30
heard of lots of people doing this,
48:32
but I happen to have a buddy that's
48:34
been giving me updates over those last
48:36
month. He's doing really, really well. Yeah.
48:38
We're a part of
48:40
the MSN publishing program, Microsoft Start
48:42
program. It was maybe called early
48:44
on. It may have changed. We've
48:47
never had anything go that viral, but
48:49
I think our best month
48:51
is maybe 150, 200 bucks
48:53
a month. So it's not 20
48:55
,000, but it's another place to
48:58
syndicate. the content that you're already creating
49:00
for pretty low lift. One of
49:02
the strategies that was shared
49:04
with me is like if you
49:06
can somehow like sync your RSS feed and
49:08
I don't know, I've got like a lot of short
49:10
code and stuff in my posts where I was
49:12
like, I don't know if that would look right or
49:14
I don't know, maybe they would strip
49:16
that out. But if you can syndicate your
49:18
RSS and like if you're creating listicles
49:20
like the top 12 ways to make money
49:22
online in 2025, like it will
49:24
create like a gallery. And so people have
49:27
to page through. obnoxious from the
49:29
user standpoint, but MSN is racking up
49:31
more page views, racking up more ad views,
49:33
right? And so that's going to improve
49:35
your take, your rev share from that content
49:37
versus having a scrollable list
49:39
post. Yep. And I think a
49:41
lot of people are now publishing
49:43
content directly just on MSN. It's
49:45
not even on their website, right?
49:47
And so you can create these
49:50
like image carousels or video. I
49:52
can't remember what they're called. There's a
49:54
particular thing that you can get that it's
49:56
really just On MSN, the use have
49:58
to scroll through these 10 images. Anyways,
50:01
kind of an interesting opportunity that's
50:04
been around for a long time, but
50:06
I've seen several people doing really
50:08
well recently with it still. Yeah, it's
50:10
one of the income streams for side
50:12
isolation, but maybe there's a way,
50:14
like everything, there's a way to
50:16
triple down on the thing and really, really go for
50:18
it. You just got to pick the one that you're
50:20
going to go all in on, right? It's hard to
50:22
do them all. Yeah, publish. 10
50:25
times a day or whatever it's going to take. I
50:27
remember talking with John Dykstra a few months ago. He's
50:29
like, I really double down on email. Like
50:32
when you say double down, what you mean? He's like,
50:34
I send three emails a day. I was like, Jesus. Like,
50:36
oh, okay. We're over here doing
50:39
one or two a week. Yeah. Yeah, exactly. And
50:41
next on my list is
50:43
a service -based side hustle
50:45
observation. And that
50:48
is the increase in
50:50
acceptance for fractional support
50:52
or maybe a buzzword
50:55
around fractional support, fractional
50:57
CTO, fractional CFO, stuff
50:59
like this, where if you have expertise
51:01
in a particular field, that
51:03
calling yourself the fractional person,
51:05
I think elevates you above, hey,
51:08
I'm your freelance accountant or I'm your
51:10
freelance bookkeeper. No, I'm going to
51:12
be your fractional CFO. And I think
51:14
it allows you to command higher
51:16
rates, higher prices. And plus people are
51:18
maybe becoming more willing to hire
51:20
that type of person or agree
51:22
to contract a relationship with that
51:25
type of person lends itself really
51:27
well to niche agencies, niche productized service
51:29
providers. Yeah, absolutely. I mean, we see
51:31
this all the time, you know, from
51:33
a user perspective, if I go to
51:35
Upwork and I'm looking to hire somebody
51:37
and I get people that apply that
51:39
are sort of generalists, right? They say,
51:41
oh, I can do this, I can
51:43
do this, I can do this, you
51:45
know, I can do it all versus
51:47
somebody that says, I create financial spreadsheets
51:49
in Google Sheets and that is what
51:51
I do, right? You're gonna hire that
51:53
guy if you're looking for a financial
51:55
spreadsheet and you're gonna pay way more. Yeah,
51:58
I'm gonna be willing to, right? I'm like, ah,
52:00
you're $30 an hour versus the
52:02
$10 an hour guy, but I'm
52:04
gonna do it because that's
52:06
what you do. So if you
52:08
can be a specialist in
52:10
your field and sort of market
52:12
yourself as either the fractional
52:14
or IMB go -to email newsletter
52:16
optimization person or whatever it is,
52:19
you're going to command that
52:21
higher price. Yeah, exactly. I'm the
52:23
go -to person for viral Facebook
52:25
partner program content in your
52:27
niche. Exactly. And
52:29
that person does exist. I know who that is. And
52:32
they have a thriving business. Very
52:34
good. Very good. The next
52:36
one on my list
52:38
is what I'm calling influencer
52:41
marketing partners or influencer
52:43
co -founders where They're almost
52:45
like you might have a technical co -founder,
52:47
now it's on what you might have an
52:49
influencer co -founder or influencer partner. And at the
52:51
very top of the food chain, you have
52:53
MrBeast and Feastables and stuff, but like even
52:55
lower down, we've had examples
52:58
of e -commerce sellers on the
53:00
podcast, you're kind of tapping
53:02
into this really, really broad segment
53:04
of what they call micro influencers,
53:06
people with like 500
53:08
,000 up to maybe 10 ,000,
53:10
20 ,000 followers, like not
53:12
super viral accounts, but They've got people
53:14
paying attention to them. They have been
53:16
in the content creation game. They
53:19
know how to make something compelling and
53:21
sending them samples of the product
53:23
and really leaning into that as a
53:25
marketing channel versus trying to go out
53:27
and, you know, find traffic and
53:29
buyers the other way or other through other
53:31
channels. I mean, it's smart, right? Because
53:33
a lot of times if you have a
53:35
product, you've got a good idea, you
53:37
have zero followers. if you can
53:39
kind of skip that whole step of building
53:41
things up over the years and partner
53:43
with somebody that already has that influence, already
53:46
has that following, it's like almost a
53:48
guaranteed way to launch to success. Now you
53:50
just have to be willing to either
53:52
give up a piece of your business or
53:54
give up revenue of the business and
53:56
you don't figure out a model that works
53:58
well for you. But I think it's
54:00
a smart business for influencers that, hey, there
54:02
are a lot of people that have tons
54:04
of followers, but they don't have any good
54:07
business ideas. Like they just You
54:09
know, they have influence. Yeah. And then there's
54:11
other people that have really good ideas.
54:13
They just, they don't have any influence. So
54:15
you can partner that up, it's a, it's
54:17
a cool model. Yeah. We've
54:19
seen it from the standpoint
54:21
of it will, will give you affiliate commission
54:23
for everyone that you sell like through Amazon
54:25
creator connections or whatever. Or
54:28
we'll just send you free product or
54:30
we'll pay you a flat fee to create
54:32
this type of video. But lots of
54:34
different ways to structure it, but kind of.
54:36
the secret sauce seemed
54:38
to be either casting that really
54:40
wide net, okay, I'm going to send
54:42
out a thousand messages to these
54:44
different accounts, or finding that
54:47
one really influential partner to bring
54:49
in who you know can
54:51
drive consistent traffic. It
54:53
was on my first million
54:55
where Sean was pitching this
54:57
virtual assistant company. He
55:00
bought a stake in
55:02
that and then turned around and used
55:04
his influence. from the podcast to like drive
55:06
customers to that business. Yeah. Really, really,
55:08
really smart. All right. What's next? All
55:11
right. This might be my last
55:13
one that I have here. And I
55:15
don't know if I'm seeing it
55:17
as a trend, but it's something that
55:19
I'm going to try a little
55:21
bit. And I could see this developing
55:23
into a trend. You tell me,
55:25
you know, whether it is or not,
55:27
but actually going the other way,
55:29
more people are going more online, more
55:31
AI, more technology. Going
55:33
the other way going back
55:35
to physical products items you
55:37
can touch you know feel
55:39
so One thing that I
55:42
am actually going to be
55:44
trying is reselling items on
55:46
eBay this You know, it's been
55:48
around for how many decades now? Yeah, everything
55:50
that's old is new again. Everything that's
55:52
old is new again. So part of the
55:54
reason I'm doing this, I do have
55:56
older kids that are looking for summer jobs.
55:58
And so I'm like, what's something that
56:00
teenagers can run? And so we
56:02
just went out this weekend.
56:05
We bought Amazon return pallets. I
56:07
actually picked them up at
56:09
a liquidation warehouse. Is it
56:11
the where you been store? Somebody I
56:13
was like, that's a fantastic name for
56:15
this bin sale place, but because I
56:17
know it's in Eastern Washington somewhere. Oh,
56:19
okay. No, there actually is in the
56:21
tri cities. It's not a bin store,
56:23
but it's actually this guy has a
56:25
bunch of contracts where he, I mean,
56:27
he had like 300 pallets of just
56:30
Amazon returns, Walmart return, you know,
56:32
big box store returns. We bought
56:34
three of them. we're gonna
56:36
unpack it, try and resell it
56:38
on eBay. So it's not
56:40
a new business, but I feel
56:42
like going back to the
56:44
basics of like, there's gonna be
56:46
stuff that people are gonna wanna
56:48
buy for cheaper than they can get
56:51
in the store forever. That's never
56:53
going away. So the trend of going
56:55
to a business that isn't going to
56:57
be as impacted by all the
56:59
technological changes, I think is a smart
57:01
trend. Yeah, exactly. plumbing
57:04
service is not worried about AI.
57:08
Computers aren't going to come and fix your pipes. Yep,
57:10
exactly. If nothing else, you'll
57:12
get some content about the
57:14
pallet flipping, pallet return business. That's
57:17
exactly right. I'm hoping I get a summer
57:19
job for my kids, maybe get some good
57:21
content for me. I expect to make approximately
57:24
zero dollars on this business. I'm hoping
57:26
that my kids, you know, earn some money.
57:28
But who knows, maybe it becomes profitable.
57:30
We'll see. I mean, that would be ideal.
57:32
Yeah. But if I can break even
57:34
on it, I'm happy. No, that's a good
57:36
way to expose them to this buy
57:38
low sell high and. Is
57:41
it worth the work of picking through all
57:43
these things, listing individual items? There's a
57:45
lot that goes into it and it sounds
57:47
like a kind of luck of the
57:49
draw. You don't get to see everything that's
57:51
in that palette before you get it,
57:53
but we do have an episode on palette
57:55
return item, palette flipping.
57:57
It's just because it's something that
57:59
comes up on people's side hustle lists. I'm
58:01
curious about it. And somebody was making
58:03
it work, but similar. They made a
58:06
couple, maybe 25 grand over the course
58:08
of a year or two in doing
58:10
it. But if they didn't, it
58:12
sounded like if they didn't have the YouTube
58:14
video of themselves filming doing it, it's like,
58:16
I don't know if we would really, it
58:18
would be really worthwhile, but that's a cool
58:20
one. I do want to piggyback
58:22
on your, well, what are
58:24
the things that AI isn't going
58:27
to impact or take away? And
58:29
part of that is this shift towards, maybe
58:31
a shift in interest towards local
58:33
services, the window washing
58:35
businesses, the house cleaning businesses, the
58:37
power washing companies, You
58:40
know mobile car detailing like these
58:42
blue collar type of side hustles
58:44
where you could start relatively low
58:46
cost relatively low risk and Don't
58:48
even need like if you have
58:50
any level of digital marketing savvy
58:53
you're probably going to be head
58:55
and shoulders above the entrenched competition. I
58:58
think that's Definitely a trend
59:00
worth mentioning because we've seen more and
59:02
more young people especially young people being
59:04
interested in those types of businesses like
59:06
low -tech good old -fashioned elbow grease,
59:09
go do the work and get paid
59:11
for it. Yeah. I think a
59:13
lot of us that have been in
59:15
the online world for so long,
59:17
we see all these shifts and these
59:19
changes and it's frustrating. We're like,
59:21
oh, how are we going to make
59:23
this online business work? Well, there's
59:25
this whole other world out there, right?
59:27
Where you can go knock on
59:29
a door and you can meet people
59:31
in person and have a real
59:33
phone number where people call you. It's
59:37
so many opportunities for side
59:39
hustles, whether it's local or
59:41
in person or just the
59:43
not online business that, hey,
59:45
there's a lot of things
59:47
that people need and will
59:50
always need that won't be
59:52
impacted by these huge technological
59:54
shifts. Yeah, very true. Spencer,
59:57
this has been awesome. I don't know how many we were up
59:59
to. I think definitely more than 10 at this point.
1:00:01
So, probably a good place to wrap up.
1:00:03
We did deliver it on our promise and
1:00:05
hopefully a little bit extra on top of
1:00:07
that. But what's next for you? Any projects
1:00:09
going on? What's the latest with niche pursuits?
1:00:12
Yeah, I mentioned the one, hey, I'm
1:00:14
kind of starting a little side
1:00:16
business with my kids. So that's going
1:00:18
to be fun. That's kind
1:00:20
of something I'm dabbling with, the whole
1:00:22
palette flipping idea. But going
1:00:24
all in on YouTube videos,
1:00:26
my YouTube channel's done pretty decent.
1:00:29
So where I talk a lot about different
1:00:31
website ideas that might still be working,
1:00:33
the type of trends that are
1:00:36
still working online. So, covering a lot
1:00:38
of that on my YouTube videos.
1:00:40
Other than that, no big shake -ups,
1:00:42
you know, with what I'm going to
1:00:44
be doing. I just keep
1:00:46
publishing some content on YouTube. Got my
1:00:48
Facebook page going. I have a
1:00:50
little Amazon influencer, you know, side hustle.
1:00:52
I've got, you know, videos there. So,
1:00:55
you know, kind of keep dabbling on
1:00:57
a few little side hustles. Keep the
1:00:59
niche pursuits brand going and we'll see where
1:01:01
it goes from there. I get the
1:01:03
impression that that may be similar. You probably
1:01:05
don't need to work anymore. You've been
1:01:07
doing this for a long time. You've had
1:01:09
some exits under your belt. You've had
1:01:11
some fantastic earning years and months. Is
1:01:13
there a retirement plan or do
1:01:15
you just keep doing this because
1:01:17
you love doing it? Yeah. I'm
1:01:19
still enjoying things, but I am...
1:01:21
much I've removed a lot of
1:01:24
things from my business that I
1:01:26
don't enjoy. So I do have
1:01:28
the opportunity and the ability, like,
1:01:30
you know, my Facebook page VA, I'm
1:01:32
not going to go in and
1:01:34
post things 10 or 15 times a
1:01:36
day, right? So I do enjoy
1:01:38
the strategy of coming up with ideas
1:01:40
and trying to plug in a
1:01:42
system or people that can run it
1:01:44
for me. So I enjoy that.
1:01:46
So I'll keep doing that. You know,
1:01:48
I'm actually, I volunteer at a
1:01:50
local pickleball organization. We have a pickleball
1:01:52
community. So I'm looking for more
1:01:54
volunteer opportunities, maybe work a
1:01:57
little bit less. But still, hey, I
1:01:59
like the excitement of, hey, there's this
1:02:01
cool new idea. Can we make it
1:02:03
work? So I haven't quite retired yet,
1:02:05
Nick, but I'll let you know. But
1:02:07
I'm doing all I can not to
1:02:09
work quite as much. Let's put it
1:02:11
that way. Fair enough. The
1:02:13
love of the game, parse out the stuff
1:02:15
that you don't like and keep what
1:02:17
you do. That's
1:02:19
trying to play in that same space. Very
1:02:21
cool. Nitchpresuits.com, check them
1:02:23
out over there. Check out the Nitchpresuits
1:02:25
podcast. We'll link up the YouTube
1:02:27
channel as well. Like I said, going all
1:02:29
in on YouTube, more and more guests are
1:02:31
saying, hey, I'm leaning in on the YouTube
1:02:34
stuff, doing more video. If the website isn't
1:02:36
working as well, I can make videos and
1:02:38
it's a lot of fun too. Thanks so
1:02:40
much for joining me. I think this was
1:02:42
a blast. If you're listening to
1:02:44
this and you want to make some
1:02:46
extra money, and you're not sure which path
1:02:48
to take, I want to invite you to
1:02:50
take our free quiz at hustle .show. You can
1:02:52
do it right from your phone. It'll take a
1:02:54
couple of minutes or less. And then
1:02:56
based on your answers, we're going to
1:02:58
give you a custom curated playlist to hopefully
1:03:00
put you in the right direction. These
1:03:02
are going to be eight to 10 side
1:03:04
hustle show episodes based on your answers.
1:03:06
Hey, what should we listen to next? And
1:03:08
if you want more Spencer in your
1:03:11
life, you go listen to his. three or
1:03:13
four signed hustle show appearances as well.
1:03:15
But hustle .show, that's your personalized playlist quiz. And
1:03:18
just again, a few short questions about your
1:03:20
interests and goals. And you can get that personalized
1:03:22
playlist, add it to your device, learn what
1:03:24
works, and then go out and make some
1:03:26
more money. Big thanks to Spencer for sharing
1:03:28
his insight. Thanks to our sponsors for helping
1:03:30
make this content free for everyone. As always,
1:03:32
you can head up side hustlenation.com slash deals
1:03:34
for all the latest offers from our sponsors
1:03:36
in one place. That is it for me.
1:03:39
Thank you so much for tuning in. Until
1:03:41
next time, let's go out there and make
1:03:43
something happen, and I'll catch you in the
1:03:45
next edition of the Side Hustle Show. Hustle
1:03:48
on.
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