Post: #1

Title.

I finished college, paid off student loans, and have ample $$$ to maybe drop into a new venture. Career is going well and planned for the next 2-3 years. All I have to do is grind it out from this point on and watch for new opportunities.

Everything is set up well (after a ton of work...) and my game is on point since I have gone out for years.

I was thinking something internet based, as I didn't have the patience in college to build something long term (I would try it for a month then quit). Now I feel like I have more of a chance to succeed with a venture I jump into.

I'm not looking for exact business idea, but maybe an area to look that others have had experience with or had some success with.

I had the idea of copywriting (I did it a little in college for rent money) since I am in sales and do know how to win big clients and I feel like I could get on with some of the bigger guys using what I have learned.

Does anyone have any input here? I also have a feeling that any responses will be able to help others.

Post: #2

Do you have a skill or know a subject others would be interested in learning? If so, you can follow a typical business model:

Create content for your skill/subject on a blog, YouTube, podcast, etc.
Give away something as an incentive for people to join an email list.
Create a product to teach people the skill/subject that is organized and facilitates learning.
Sell this product to the people on your email list.

With this model, you can work as much or as little as you want.

Post: #3

(03-26-2017 10:33 AM)Corollary Wrote:  Do you have a skill or know a subject others would be interested in learning? If so, you can follow a typical business model:

Create content for your skill/subject on a blog, YouTube, podcast, etc.
Give away something as an incentive for people to join an email list.
Create a product to teach people the skill/subject that is organized and facilitates learning.
Sell this product to the people on your email list.

With this model, you can work as much or as little as you want.

Quality post thank you.

Post: #4

(03-25-2017 07:15 PM)qwertyuiop Wrote:  Title.

I finished college, paid off student loans, and have ample $$$ to maybe drop into a new venture. Career is going well and planned for the next 2-3 years. All I have to do is grind it out from this point on and watch for new opportunities.

Everything is set up well (after a ton of work...) and my game is on point since I have gone out for years.

I was thinking something internet based, as I didn't have the patience in college to build something long term (I would try it for a month then quit). Now I feel like I have more of a chance to succeed with a venture I jump into.

I'm not looking for exact business idea, but maybe an area to look that others have had experience with or had some success with.

I had the idea of copywriting (I did it a little in college for rent money) since I am in sales and do know how to win big clients and I feel like I could get on with some of the bigger guys using what I have learned.

Does anyone have any input here? I also have a feeling that any responses will be able to help others.

Since you are young, do yourself the favor of reading the Cash Flow Quadrant cover to cover a few times. You can get a copy used on amazon for a few bucks.

The point of this book, is that there are four ways to make money, E S B and I. You are E and employee looking to side hustle as another type of E on contract, somewhat similar to the S self employed.

Good job paying off loans, without knowing the how I'll say nicely done.

So the suggestion that I would make and that one would get from reading the book is try to create some income from I this early in your life. I means investor, this is where money works for you not where you do a project for money.

And finally look out for some Brian Tracey videos about the self concept of money. Why? You have stated that you have "ample" money. This doesn't mean you have ample money, it means you are at the top of what you are comfortable knowing you have. I assure you it is a more challenging subject than meets the eye.

Check this thread out for more ideas.

Post: #5

(03-26-2017 10:59 AM)Off The Reservation Wrote:  

(03-25-2017 07:15 PM)qwertyuiop Wrote:  Title.

I finished college, paid off student loans, and have ample $$$ to maybe drop into a new venture. Career is going well and planned for the next 2-3 years. All I have to do is grind it out from this point on and watch for new opportunities.

Everything is set up well (after a ton of work...) and my game is on point since I have gone out for years.

I was thinking something internet based, as I didn't have the patience in college to build something long term (I would try it for a month then quit). Now I feel like I have more of a chance to succeed with a venture I jump into.

I'm not looking for exact business idea, but maybe an area to look that others have had experience with or had some success with.

I had the idea of copywriting (I did it a little in college for rent money) since I am in sales and do know how to win big clients and I feel like I could get on with some of the bigger guys using what I have learned.

Does anyone have any input here? I also have a feeling that any responses will be able to help others.

Since you are young, do yourself the favor of reading the Cash Flow Quadrant cover to cover a few times. You can get a copy used on amazon for a few bucks.

The point of this book, is that there are four ways to make money, E S B and I. You are E and employee looking to side hustle as another type of E on contract, somewhat similar to the S self employed.

Good job paying off loans, without knowing the how I'll say nicely done.

So the suggestion that I would make and that one would get from reading the book is try to create some income from I this early in your life. I means investor, this is where money works for you not where you do a project for money.

And finally look out for some Brian Tracey videos about the self concept of money. Why? You have stated that you have "ample" money. This doesn't mean you have ample money, it means you are at the top of what you are comfortable knowing you have. I assure you it is a more challenging subject than meets the eye.

Check this thread out for more ideas.

Haha. Hunkered down for a little bit and dumped 50% of my post tax earnings into loans. I didn't have too many to begin with. The christmas bonus my previous boss gave me finished them off.

Post: #6

Depends what you mean by "side". I'm thinking of supplementing my day job, during which I sit on my ass from start to finish, with a petty lawn mowing gig. I did it in my 20s and I really miss being able to get paid to get some air and exercise. $300 gets you a decent gas mower and weed trimmer, and you can make that back in cash in just a single solid day's work. May be hard to fit into your schedule if you work a normal 9 to 5, however.

Also: if you live somewhere that almost all lawn workers are immigrants, and you don't look much like them, you'll find that such a novelty alone will bring you business.

Post: #7

In my hometown there was a guy that ran a moving business. He charged customers 100 flat, plus 45-60 per hour for a job with two people, and 20-25 an hour each additional person needed. He would have the customers book the rental equipment and have the employees pick it up. He paid us all 13 per hour.

An 8 hour 2 person job would net him over 300 dollars in day... 100+((50x8)-(26x8)). He didn't actually work at all, he just lived in his house and got disability. All the work was in cash and he'd have customers just stuff an envelope with 20s and have employees deliver it to him

Post: #8

(03-27-2017 05:58 AM)Sonoma Wrote:  In my hometown there was a guy that ran a moving business. He charged customers 100 flat, plus 45-60 per hour for a job with two people, and 20-25 an hour each additional person needed. He would have the customers book the rental equipment and have the employees pick it up. He paid us all 13 per hour.

An 8 hour 2 person job would net him over 300 dollars in day... 100+((50x8)-(26x8)). He didn't actually work at all, he just lived in his house and got disability. All the work was in cash and he'd have customers just stuff an envelope with 20s and have employees deliver it to him

Sounds kinda risky to me,

realistically pick up a hobby and start selling it or pick up a skillset like a trade on the side. Find something others aren't willing to do, one idea back in college a friend of a friend did was cleaning apartments up after people moved out. It was a shitty job but there was a lot of work as you'd be cleaning up other people's mess.

Post: #9

House painting business. I started mine from a facebook post. I have a full time job. Wanted something that basically ran itself. The basics:

Find painter who wants more business

Rent airless paint sprayer

Start website,advertise for free (FB, craigslist, twitter, etc)

Pay painters 70-80%, keep 20-30% It took me $650 to start up. Most of it was for the website. I direct all customers to the site to book, so I take very few calls. Probably spend 9-10 hours a week on the business right now. I started in July. Growing slowly:12 cleanings this month (10 of which are recurring customers) and 3 painters now. A very nice side business that is easy money, continues to grow with more word of mouth referrals.

Post: #10

My side gig used to be writing academic papers for undergrads.
The best year I had, I was pocketing almost 1000$/month. I was also working a full time job at the time.
At the beginning, you can buy online for 100$/piece, edit it and sell it back for X3 that much. Millennials are very lazy when it comes to actually writing papers.
The upside comes after 2-3 years when you have a portfolio of papers and you can just quick edit it and re-use. I once wrote a paper over the weekend for 800$ (took me ~15 hours) from scratch.

I checked validity of it, and it cannot be a main hustle.

Post: #11

I recommend checking out a lot of the stuff Kyle Trouble has written & podcast. Many resources for running a side gig. Lots of ideas. He's pretty good about answering email as long as you aren't a dick as well.

Post: #12

Delivering pizzas. Really easy, you make $20/hr and you can just listen to podcasts.

Post: #13

Nightclub promoting, $10 a head. Get 20 people in the club in 2 hours and you make $200. No other job pays the same

Post: #14

(03-26-2017 10:33 AM)Corollary Wrote:  Do you have a skill or know a subject others would be interested in learning? If so, you can follow a typical business model:

Create content for your skill/subject on a blog, YouTube, podcast, etc.
Give away something as an incentive for people to join an email list.
Create a product to teach people the skill/subject that is organized and facilitates learning.
Sell this product to the people on your email list.

With this model, you can work as much or as little as you want.

Well put.

Post: #15

You can have a look on freelancer.com and fiver etc to see what people are doing for cash, then do it better, cheaper, or market yourself better. Better yet find a gap in that market for something no one else is doing, or get inspiration to do something new from there.