Whetherit's starting a sidebusiness, savingmoremoney, learning a newskill, theyendupinthisfrustratingcycleofsettingnewgoalseveryyearbutneverquitereachingthem.
A greatexamplehereisthispersoncalledTimwhoexperimentedwithsellingdigitalproductsonEtsyandinthespanofhisfirst 90 days, heearned a totalofaround $800.
Itmightnotsoundlike a groundbreakingamountbutknowingthatyou'vejustearnedthatcompletelypassivelywithlocationandtimefreedom, it's such a fulfillingfeeling.
I rememberwhen I firstsoldmydigitalproduct, whichwas a CVtemplateand I wassellingitfor $20 ortheequivalent.
Andwhen I mademyfirstsale, I wasin a carwhen I sawthefirstcheckoutand I thought, I justmadethatcompletelypassively.
Andthisisforthoseofyouwhopreferconnectingwithothersandbeing a bitmorehands-onandworkingwithotherpeople.
Firstiscoachingortutoringservices.
Peoplearealwayslookingtolearnandimprovetheirskillsandofferingpersonalizedcoachingserviceone-to-onesis a reallygoodwaytomonetizeyourexpertise.
Itcanbeoneofthemostlucrativesidehustleswhenit's scaledbecausepeoplepay a lotforone-to-onecoaching.
Forexample, JoannaLottwho's a businesscoachwhoinsteadofattracting a bigaudiencetosellhercoachingtoshe's gonefor a verynicheapproach.
Shesells a mixofpersonalizedcoachingprogramsanddigitalmarketingstrategiesandshenowcharges £6,000 foroneofhersix-monthone-to-onecoachingprogramswhereshehelpspeopleturntheirpassioninto a profit.
Personally, myvideoeditorreachedouttomewith a sampleofoneofmyvideosre-edited, sentmeanemail, I gavethem a shot, and I'vebeenwiththesameeditorfornearlytwoyears.
Theystartedpart-timeandnowworkformefull-time.
Tostartwith, youcanapply a similarapproach.
ReachouttoyourfavoriteYouTuberortoothersmallbusinessesandofferthem a sampleoftheeditingworkthatyoucandoforthem.
Intermsoftimeintensity, I givethis a fourand a halfoutoffive.
I usedtoeditmyownvideosanditcantake a longertime, especiallyifyou'relookingformoreadvancedgraphics.
Intermsofdifficultytoearnyourfirst $100, I wouldsaytwooutoffive.
There's a reallyhighdemandforentry-levelgigsdependingonthemarket.
Next, we'llmoveontowebdesign.
Everybusinessneedsanonlinepresenceandnoteveryonehastheskillsorthetimetocreate a professional-lookingwebsite.
Webdesignis a lucrativesidehustlewithpotentialforrecurringincomethroughalsohavingmaintenanceservicesattachedtoit.
LinkstartedhisWordPressdevelopmentandSEOcompanywithonly $30 ininitialcostsandgrewittogenerate $263,000 by 2021.
HisbusinessgreworganicallythroughreferralsandSEO, basicallyshowinghowyoursmallstartupcanscaleevenwith a veryminimumupfrontinvestment.
Intermsoftimeintensity, thisis a fouroutoffive.
Designingandtestingcantake a lotoftime.
Intermsofdifficultytoearnyourfirst $100, I'llrankthis a threeoutoffive.
Butifyoucanofferthisas a servicewithresearchorwithmarketingandprovehowyourpreviouswritinghasincreasedconversionorincreasedopenbreakforemails, andthat's what's goingtoreallymakeyoustandoutwhenitcomestofinding a client.
Intermsoftimeneeded, threeand a halfoutoffive, dependsontheprojectandtheresearchrequired.