I know that in the ecommerce and physical product world, there are a lot of costs up front, which vary depending on the product. Sometimes you’re going to have to spend a significant amount of money up front to pay for a mold, like Bret Miller did with his product Brik Book, which is a physical product with a specific shape that needs to be reproduced on a large scale. The mold itself could cost up to tens of thousands of dollars. In this case, a crowdfunding campaign could be an excellent option to cover those costs. Listen to Bret talk about the story of Brik Book on SPI 217.
At around the time I started selling my ebook and making a living online, I had yet to even consider getting involved in outsourcing some of the work. I look back now and think that I could have potentially done that earlier to help with things like finding a webhost and creating my website. Back then I did everything myself. That’s one of the positives to first starting out. You don’t really have any overhead. It’s all about the effort you want to put in on your own time and your own terms. So, when I first started, I found my WordPress theme myself, I set it up on Bluehost with a very easy one-click install. I was able to get everything set up, and start building my audience, trust, and authority online with those who I was going to deliver my product (ebook) to down the road. I did not spend money on hiring a team until 2013, which came after having a full-time Virtual Assistant for two years, which cost me about $800 per month.
Being a Loan Signing Agent is a great side hustle because you can make $75 to $200 per hour-long appointment working for yourself on your own schedule. Retired people, working professionals, and students can be signing agents and earn extra cash when they want. The best part is you need nothing more than a notary commission (which can often be attained by simply filling out an application)!
I’m a huge fan of blogging because I love writing and connecting with people all over the world. To give you an idea of what is possible with blogging, DollarSprout.com is part of a group of blogs that routinely brings in over $20,000 a month. While it takes time to build your blog up to that income level, you can get the initial set up done in under 30 minutes (no experience needed).
Sites like Patreon allow interested patrons to donate either a monthly fee (in exchange for content produced by the artist/entrepreneur) or a fee per creation. To learn more about how you can make this model work for you, read our guide on How to Use Patreon to Start a Business, and check out our favorite Patreon profiles, which should give you some good ideas. If you’re looking to start a side business online, this one might be right up your alley!
Something else I recommend is taking the free 7-lesson mini-course on general transcription offered by Janet Shaughnessy of Transcribe Anywhere. This will help you to understand if you're a good fit for a transcription career, what you can potentially earn, and also where to get started. Janet also has free legal transcription mini-course if you're more interested in going that route.