Print $10k per month with these side hustles

Summary

This video script outlines five high-earning side hustles for aspiring entrepreneurs. It details starting a 'done-for-you' sales channel, leveraging high-ticket SaaS affiliate programs, optimizing conversion rates for Shopify stores, offering live chat services, and utilizing social commerce platforms like TikTok Shop and YouTube Shop for affiliate marketing. Each hustle offers the potential to earn thousands per month with minimal initial investment, catering to the growing demand for digital advertising solutions and e-commerce.

Takeaways

• 💼 **Done-for-You Sales Channels**: Entrepreneurs can offer to build and manage additional sales channels for businesses that lack the time or resources, taking a percentage of revenue as compensation.
• 🔄 **Affiliate Marketing**: High-ticket SaaS businesses offer lucrative affiliate schemes where referrals can earn up to 40% of the customer's payments, providing a passive income stream.
• 📊 **Conversion Rate Optimization**: There's a business opportunity in offering to improve Shopify stores' conversion rates, with guarantees and performance-based payments.
• 🌐 **Digital Door Knocking**: Utilizing cold email campaigns to reach out to businesses that may benefit from advertising or conversion optimization services.
• 📈 **Leverage High-Ticket SaaS**: Identify businesses running ads and offer to increase their ad revenue by 15-20%, using tools like BuiltWith to analyze their tech stack.
• 📞 **Outbound Email Campaigns**: Craft targeted email campaigns to businesses that may lack certain tracking systems or could benefit from your services.
• 🕒 **Live Chat as a Service**: Offer live chat support to small businesses that don't have the means to cover all time zones, either through commission-based or set-fee structures.
• 📹 **Viral Marketing on Social Media**: Use platforms like TikTok and YouTube to create content that can go viral, leveraging AI tools for content creation and social commerce for affiliate sales.
• 📈 **TikTok Shop and YouTube Shop**: New opportunities for social commerce allow creators to sell products directly through these platforms, earning commissions on sales.
• 🚀 **Untapped Potential**: The script suggests that the last side hustle, social commerce, has significant untapped potential for high revenue generation.
• 🌟 **Success Stories**: The script references businesses that have gained significant revenue and exposure through viral social media content and strategic side hustles.

Q & A

What are the five side hustles mentioned in the transcript?

The five side hustles mentioned are: 1) Done-for-you sales channel, 2) High-ticket SaaS affiliate marketing, 3) Conversion rate optimization agency, 4) Live chat as a service, and 5) Becoming an affiliate for social commerce.

What is a 'done-for-you sales channel' and how does it work?

A 'done-for-you sales channel' is a service where you offer to build and manage a sales channel for a business that is already successful in another area. You handle everything from setting up the channel to running ads and writing compliant copy, and in return, you take a percentage of the sales.

How can someone earn money without creating a product or delivering a service through affiliate marketing?

One can earn money by referring customers to high-ticket SaaS businesses that offer enticing affiliate commissions. If a referred customer signs up, the affiliate can earn up to 40% of what the customer pays the SaaS business.

What is the strategy for finding potential customers for affiliate marketing?

The strategy involves looking at websites running ads, using tools like the Facebook ads library or builtwith to identify businesses in a particular niche, and then reaching out to them with a cold email campaign or direct messages, offering to increase their ad revenue by a certain percentage.

What is a conversion rate optimization agency and what does it do?

A conversion rate optimization agency helps businesses improve the conversion rates on their websites. This can involve various strategies such as removing navigation, adding cross-sells, creating urgency, and enhancing product photography to increase sales.

How does the 'live chat as a service' side hustle work?

This side hustle involves offering live chat support to businesses that don't have it, ensuring that customer queries are answered around the clock. You can either charge a commission on sales made through the chat or a set fee for managing the chat service.

What is social commerce and how can one become an affiliate for it?

Social commerce is the use of social media platforms to facilitate online shopping. To become an affiliate, one can sign up on platforms like TikTok Shop or YouTube Shop, create content promoting products, tag the products in the content, and earn a commission on sales made through the tagged items.

What is the potential earning from these side hustles according to the transcript?

The potential earnings range from $1,000 to $110,000 per month or more, depending on the side hustle and the individual's success in executing the strategies.

What is the significance of TikTok in the context of the fifth side hustle?

TikTok is significant because it offers a platform for organic growth and sales through viral videos. Businesses can use TikTok Shop to sell products directly and affiliates can earn commissions on sales generated from their content.

How can AI-generated voices and mid-journey images be utilized in the fifth side hustle?

AI-generated voices can be used to create engaging audio for social media content, while mid-journey images can be used to create visually appealing videos. These tools can help in creating content for social commerce platforms to attract viewers and drive sales.

What is the role of 11 Labs in the context of the fifth side hustle?

11 Labs is a website that allows users to create AI-generated voices. This can be used to produce voiceovers for videos promoting products on social commerce platforms, enhancing the content's appeal and effectiveness.