WGC 012 - The Best Side Hustle Ideas with Nick Loper

Show Notes:
https://webgrowthcode.com/how-to-monetize-your-side-hustle-into-a-full-time-business-with-nick-loper/


 


Nick Loper from the Side Hustle Podcast is on the show to share
some tips on how you can turn your side hustle into a full time
business.  Find out how the comparison shopping site was his
first step into commerce and affiliate sales online.


Nick shares the listener pyramid concept and how you get a
stranger up your podcast pyramid and turn a stranger into a
raving fan.  Nick also shares a great reminder about looking
for speculative projects.



Show Notes with Nick Loper


11:15 - Pat Flynn, Mixergy, Rise to the Top and Entrepreneurs on
Fire were all going strong in the podcasting space when Nick
first started his podcast.


20:45 - Amy Porterfield is known for her big juicy opt ins for
each episode.  These are called content upgrades and is
something we should all be thinking about.


22:25 - Dan Carlin's Hardcore History is a show so good that
you’ll contribute and follow it.


27:25 - Nick notes Fiverr.  I created the logo for this
brand but had a person from fiverr add the red line up the
middle.


30:15 - Nick’s youtube channel is the amazing thing for Nick
seeing the return on the ads.


35:25 - Nick notes Udemy and the affiliate sales in the past.


36:10 - PostMates and Instacart


36:30 - Greg Mercer from Jungle Scout is leading the FBA game on
searching for products on Amazon.


38:15 - Aaron Walker has a paid mastermind and was on the podcast
in episode 11 here.


42:15 - Tropical MBA


47:35 - Rich Dad Poor Dad had a big influence


48:35 - 80 20 Sales and Marketing Book


53:35  - Busy Budgeter and Jenn have some killer affiliate
funnels on their email list.



You can find them here:  sidehustlenation.com/ideas



Side Hustle Ideas for a Podcast


Use the Listener Pyramid (14:30)
Use old gmail lists to address strangers - Do they know
others?
Use your Facebook friends - Who do they know?
Paid Mastermind group
The show is content marketing
Ads don’t work for a small show
Episode specific lead magnets - PDF Summary of the show
How to find your product - Know you goal - Do you need money ASAP
or do you have time to build it.
The Income Pie - You have to find ways to make money in your
sleep. 
Carve out time in your week for speculative projects



The Listener Pyramid


Strangers are at the Bottom
Listeners are next up the pyramid
Subscribers are the 3rd level
Raving Fans are at the top - You have to give them a big win
(Help them accomplish a goal and they will be a fan for
life). 
Photo via:
https://podcastfasttrack.com/124-side-hustling-his-way-to-podcasting-success-nick-loper/


 


3 Revenue pillars for Nick


1. Sponsors


2. affiliate streams through blog and  (fastest growing)


3. Self publishing, affiliate sites, online course, free lancing


4. Investments



“If you don't find a way to make money while you sleep, you will
work until you die.”


-Warren Buffett



“I love Amazon as a customer, but don’t know if I want to be in
bed with them as a business owner.”


-Nick Loper



“Your are financially free when income from assets you control
exceeds your monthly expenses.”


-Nick Loper



Resources Noted in the Show


Rich Dad Poor Dad


80 20 Sales and Marketing



Conclusion with Nick Loper


Nick Loper shares some great tips on how you can make your side
hustle a full time business.  We hear about who influenced
Nick and how he has created a full time business through the Side
Hustle Podcast.  Nick breaks down some easy steps to set a
plan to go all in on your passion.


Show Notes:
https://webgrowthcode.com/how-to-monetize-your-side-hustle-into-a-full-time-business-with-nick-loper/