4 Guaranteed Side Hustles that add $500-$1000 to your pocket!

Summary

In this insightful video, William V Thompson, a cash flow strategist, shares his top four business ideas for 2024 that focus on solving common problems to create wealth. He suggests becoming a money broker, a college prep consultant, a grant writer, and a credit consultant, emphasizing the importance of affiliate programs and certifications to facilitate these services. Thompson's approach is to identify and address the financial struggles of others, which in turn, builds one's own wealth.

Takeaways

• 💡 Solving your own problems can make you money, but solving others' problems can create wealth.
• 🚀 The speaker, William V Thompson, is a cash flow strategist who helps people find ways to have more money.
• 🔍 The key to selecting a business is to identify how it can help others and solve problems that are not currently being addressed.
• 🏦 Business Idea 1: Become a money broker, connecting people and businesses looking for funding with the right programs and earning from affiliate programs.
• 🎓 Business Idea 2: Offer college prep consulting services to help parents and students find funding and develop effective study systems.
• 📚 Business Idea 3: Become a grant writer, providing certification and consulting services to help businesses, nonprofits, and churches secure grants.
• 💳 Business Idea 4: Offer credit consulting services to help individuals and businesses improve credit scores and secure unsecured lines of credit.
• 📈 The speaker emphasizes the importance of finding and solving common problems as a pathway to starting a successful business.
• 📝 Certification is highlighted as a key step in becoming a credible consultant in any of the suggested business areas.
• 🤝 Affiliate programs are presented as a means to gain access to tools and resources without having to provide the capital or services directly.
• 💼 The potential for earning significant income through these businesses is underscored, with the speaker sharing personal success stories.
• 🔔 The speaker encourages viewers to subscribe, activate notifications, and sign up for a free newsletter for ongoing financial advice and strategies.

Q & A

What is the main idea of the video transcript?

The main idea is to discuss four types of businesses that can generate wealth by solving common problems faced by others.

Who is William V Thompson and what does he do?

William V Thompson is a cash flow strategist who helps people find ways to have more money.

What is the first business that William V Thompson suggests starting?

The first business suggested is becoming a money broker, helping people find financial resources for various purposes such as starting or growing a business, or investing in the stock market.

How does a money broker operate according to the transcript?

A money broker operates by finding affiliate programs online, getting certified quickly, and then using the company's tools to market their services to potential clients.

What is the second business suggested in the transcript?

The second business suggested is becoming a college prep consultant, helping parents and students find funding for college and providing study systems to improve academic performance.

What role does a college prep consultant play in helping students?

A college prep consultant helps students by providing a proven study system, reducing frustration, and positioning them to get scholarships.

What is the third business that William V Thompson recommends?

The third business recommended is becoming a grant writer, helping businesses, churches, and nonprofits secure grant money.

How does a grant writer benefit from their work?

A grant writer benefits by getting paid for consulting services and receiving additional payments when their clients secure grant money.

What is the fourth business suggested in the transcript?

The fourth business suggested is becoming a credit consultant, helping individuals and businesses improve their credit scores and secure unsecured lines of credit.

How can someone become a credit consultant according to the transcript?

To become a credit consultant, one should get certified through online affiliate programs and find companies that will pay a fee for the consultant's services.

What is the common theme among the four businesses suggested in the transcript?

The common theme is solving problems for others, such as finding money, improving academic performance, securing grants, and improving credit scores, as a means to create wealth.

What additional resource does William V Thompson offer to help improve financial situations?

William V Thompson offers a free newsletter that provides regular information on how to improve financial situations and create cash flow.