All right, so are you ready to dive into some side hustles today?
Always ready to explore how people are making extra cash.
Well, today we're looking at this video by Sarah Finance.
Yeah, I saw that one.
She breaks down eight side hustles and claims to be making like $20,000 a month from them.
Really? Wow, that's quite a claim.
Yeah, so we'll see if it holds up.
Exactly.
But, you know, our goal is to figure out what these hustles actually are and, uh,
you know, see what we can learn from them.
Yeah, pull out the variable lessons.
Even if we don't end up, you know, becoming crypto experts or anything like that.
Yeah, for sure.
So first up, she jumps into affiliate marketing on Pinterest.
Okay, yeah.
Which I think a lot of people are at least a little bit familiar with.
Right, it's basically like recommending products you love.
Yeah, and getting a cut if someone buys through your link.
Exactly.
But what I found interesting is how she uses Pinterest for this.
Oh yeah, Pinterest is great for that kind of thing.
With all the visuals and stuff.
Exactly, it's all about grabbing attention.
And she's really strategic about it.
Oh yeah.
You know, she targets niches like finance, self-help travel.
Smart niches for sure.
And then she repurposes viral TikToks to drive traffic to her affiliate links.
Oh wow, so she's like double dipping on the content creation?
Yeah, exactly.
And she's getting results.
Oh yeah.
She said she hit seven million views in just one month using the strategy.
Wow, that's a lot of eyeballs.
Yeah, so clearly something's working there.
It's all about finding the right synergy between the platform, the content, and the niche.
You know?
So it's not just like randomly throwing TikToks onto Pinterest.
Exactly, you gotta be smart about that.
Okay, so moving on.
Okay.
Cryptocurrency, this is one that always gets people talking.
Oh yeah, sure.
So Sarah keeps it pretty simple, you know, emphasizing the long-term potential of Bitcoin and Ethereum.
Okay, so like the classic buy and hold strategy.
Yeah, and she actually put her money where her mouth is.
Oh really?
She said she's invested about $80,000 in those two.
Wow, that's a pretty big chunk of change.
Yeah, so she's definitely a believer.
Yeah, you don't put that much in unless you really think it's going to grow.
Right, and you know of course crypto can be risky.
Oh yeah, it's super volatile.
But she's playing the long game.
Makes sense, gotta write out those ups and downs.
She also mentioned earning through Coinbase's Watch to Earn program.
Oh yeah, I've heard of those.
Basically you get rewarded for watching educational videos about crypto.
Interesting, so it's like a low risk way to get started?
Yeah, and maybe learn something along the way.
Exactly.
Okay, next up, YouTube.
Everyone wants to be a YouTuber these days.
Right, but what surprised me is that Sarah focuses on faceless channels.
Oh yeah, those are getting popular.
You know, like gaming channels, motivational compilations, things like that.
So you don't have to be on camera.
Exactly, and she claims to have made over $130,000 in a year from those.
Really, wow.
Yeah, so it's clearly a viable strategy.
It's all about finding a proven niche and delivering consistent content.
And she also pointed out that there are multiple income streams beyond just ad revenue.
Oh right, like brand deals and merchandise?
Yeah, exactly.
So you're not just relying on one source of income.
Okay, moving on to something that's been really trendy lately, dropshipping.
Oh yeah, I've heard a lot about that one.
Basically you sell products online without actually holding any inventory.
So you're like a middleman.
Yeah, exactly.
And Sarah's twist on this is that she promotes her dropshipping store entirely for
free through social media.
Interesting, so no paid ads?
Nope, she uses TikTok, Instagram, and Pinterest.
Wow, that's pretty impressive.
And it's working for her.
Yeah.
She said she built it into a full-time income and even mentioned others making like $10,000 a month.
Really, that's pretty amazing.
Yeah, and she gave this example of a Galaxy Cove projector that went viral.
Oh yeah, I saw those all over TikTok.
So it seems like finding that hot product is key.
Yeah, I gotta tap into those trends.
Okay, so now we're getting into Etsy.
Oh, Etsy, I love browsing Etsy.
Me too, it's a treasure trove.
Yeah.
And it's kind of similar to dropshipping in a way.
Oh, how so?
Well, you're still selling products online.
Right.
But Etsy has that built-in marketplace.
That's true, you've already got a huge audience there.
Exactly, so Sarah's point is that Etsy does a lot of the marketing for you.
That's a big plus.
But she still recommends using social media to boost your reach.
Yeah, gotta stand out somehow.
Now this is where things got a little interesting.
Oh, huh, so?
Sarah specifically mentioned knockoff brand items as top sellers on Etsy.
Oh really, what kind of stuff?
Like rings, bracelets, things inspired by luxury brands like Cartier and Gucci.
Hmm, interesting.
Yeah, she said people are finding these items cheap on Aliexpress
and then reselling them on Etsy.
Okay, so there's definitely some ethical considerations there.
For sure, we'll have to unpack that a bit more later.
Yeah.
All right, moving on to side hustle number six, Fiverr.
Ah, Fiverr, the land of $5 gigs.
Yeah, and you can actually make decent money on there.
Oh yeah.
Sarah said she earned around $1,000 a month selling TikTok shoutouts.
Really?
Wow, so people are actually paying for that.
Apparently so, and it makes sense, you know, if you have a big following.
Yeah, you can leverage that.
She also mentioned math tutoring relationship advice, virtual assistance as popular services.
So there's really something for everyone.
Yeah, it seems like the key is to find a service that's in demand and that you're good at.
Exactly, gotta play to your strengths.
Okay, now this one's a bit more serious.
Investing in the stock market.
Yeah, yeah, get into the finance world.
Yeah, and Sarah's clearly serious about this.
Oh yeah.
She said she's invested over $300,000.
Wow, okay, she's playing for keeps.
Yeah, and she keeps it pretty straightforward.
Well, how so?
She explains the basic principle of buying shares of companies you believe will grow in value.
Right, so you're betting on the future success of those companies.
Exactly, and she uses Apple as an example.
All right, solid company.
Yeah, she projects that its stock price could potentially go from $130 to $200 in five years.
It's a pretty decent return.
Yeah, and then she gets into dividend stocks.
Oh yeah, those are great for passive income.
Exactly, you basically get paid just for owning shares.
She's TD Bank as an example, I think.
Yeah, they have a 4% dividend payout.
Not bad at all.
Okay, last but not least, Sarah shares a side hustle idea that's been making the rounds on TikTok.
Reselling books from dollar stores.
Oh really, that sounds interesting.
Yeah, it's all about finding those hidden gems.
So like undervalued books that you can sell for a profit.
Exactly, and the idea is to find them at dollar stores where they're super cheap.
Okay, so you gotta have a good eye for value.
And then you resell them online on places like eBay.
Makes sense.
Sarah suggests you can potentially make $200 or more a month doing this.
Hmm, not a fortune, but it's something.
Yeah, and it could be a fun side hustle for book lovers.
Yeah, if you enjoy hunting for treasures.
So there you have it, eight side hustle ideas from Sarah Finance.
Wow, that was a lot to take in.
Yeah, she really covered a lot of ground.
From social media to e-commerce to investing.
And it's just the tip of the iceberg.
Right, we gotta dig deeper into each of these.
Exactly.
So stay tuned for part two of our deep dive, where we'll unpack these ideas even further.
Can't wait to see what valuable insights we uncover.
All right, see you in part two.
See you then.
Welcome back.
Okay, so we've gotten a taste of all eight side hustles.
Yeah, Sarah really threw a lot at us.
But now it's time to dig a little deeper.
Yeah, let's unpack some of those key takeaways.
And see what we can actually apply to our own side hustle journey.
Exactly.
Okay, so let's rewind back to affiliate marketing on Pinterest.
Okay, yeah.
I'm still thinking about her success with those viral TikToks.
Repurposing content is such a smart strategy.
Yeah, especially when you're trying to get the most out of your effort.
Exactly, you know, maximize your reach.
But you have to be careful with copyright.
Oh yeah, for sure.
Don't want to get into any legal trouble.
Always give credit where it's due.
All right, now cryptocurrency, I think the biggest thing for a lot of people is understanding the volatility.
Oh yeah, give you a wild ride.
Like one day you're up, the next day you're down.
Makes it hard to know when to buy or sell.
Exactly.
So what's the best approach?
Oh, Sarah's buy and hold strategy is one option.
Great, just write out those ways.
But it's not the only one.
You know, some people prefer day trading.
Oh yeah, trying to time the market.
But that's way riskier.
Yeah, definitely not for the faint of heart.
But those watch to earn programs seem like a good way to dip your toes in.
Yeah, I like the idea of learning and potentially earning at the same time.
Plus it's low risk.
Okay, YouTube, I think a lot of people dream of having a successful channel.
Oh yeah, it's the ultimate side hustle for some.
But putting yourself out there can be scary.
Yeah, not everyone's comfortable being on camera.
That's why I found Sarah's emphasis on faceless channels so interesting.
Yeah, those are great for camera shy people.
You can still create great content without showing your face.
Exactly, and the income potential is there.
Yeah, over $130,000 a year, she claims.
Oh, that's pretty impressive.
Yeah, it's all about finding the right niche and being consistent.
And delivering high quality content that people actually want to watch.
Okay, let's talk dropshipping.
Okay, yeah.
It seems like such an accessible business model.
You don't need a lot of money to get started.
Right, no need to buy inventory up front.
But it's not passive income.
Oh yeah, you still got to put in the work.
You have to find the right products, market them effectively.
Sarah mentioned using social media for promotion.
Yeah, that's a smart approach, especially if you're on a budget.
And it seems like finding a winning product is crucial.
Oh yeah, absolutely.
Like that Galaxy Cove projector Sarah mentioned.
Those were everywhere.
Yeah, got to tap into those trends.
Okay, now what about Etsy?
Ah, Etsy, the land of handmade goods.
Yeah, it's a great platform for creative people.
And it has that built-in marketplace.
So you don't have to build your own website or anything.
Exactly, and Sarah said Etsy does a lot of the marketing for you.
But you still got to stand out somehow.
Yeah, social media can help with that.
Okay, but what about those knockoff brand items Sarah mentioned?
Yeah, that's a bit of a gray area.
Definitely got to be careful with that.
Make sure you're not infringing on any trademarks.
Yeah, don't want any legal trouble.
All right, moving on to Fiverr.
It seems like a great platform for freelancers.
Yeah, you can offer pretty much any service imaginable.
And set your own rates.
Sarah made $1,000 a month selling TikTok shout-outs.
Wow, I didn't realize people were paying for those.
But it makes sense if you have a large following.
So what are some other popular services on Fiverr?
Math tutoring, relationship advice, virtual assistance, you name it.
So it's really about finding your niche.
Exactly, and presenting your services effectively.
Okay, let's get into investing in the stock market.
All right, time to talk about the big bucks.
Sarah's clearly passionate about this.
Yeah, over $300,000 invested.
So she's not messing around.
And she keeps it pretty simple.
You know, buy shares of companies you believe in.
Right, betting on their future growth.
She used Apple as an example.
Yeah, projected to go from $130 to $200 in five years.
But that's just a projection.
Who knows what will actually happen.
Right, but it shows the potential.
Then there's dividend stocks.
Yeah, passive income is always nice.
TD Bank, with their 4% dividend.
Not too shabby.
Okay, and finally reselling books from dollar stores.
Yeah, the Treasure Hunt side hustle.
It sounds kind of fun actually.
Yeah, I could see myself getting into that.
You got to have a good eye for value though.
Yeah, and know what to look for.
And then where to sell them online?
Sarah said eBay is a good option.
So we've covered a lot of ground here.
Yeah, we've gone deeper into each side hustle.
Explore the nuances and potential pitfalls.
But now it's time to get practical.
Yeah, let's talk about how to actually get started.
Okay, so we've talked about what these side hustles are
and why they might be worth exploring.
We've laid the groundwork.
Now let's get down to the nitty gritty, the how.
The actionable steps.
Yeah, exactly, because it's one thing to talk about potential.
Right.
But it's another thing to actually make it happen.
So let's equip you with the tools and resources to get started.
All right, let's start with affiliate marketing on Pinterest.
Okay.
Sarah mentioned ClickBank and Impact for finding affiliate programs.
Those are good starting points.
But are there other platforms worth checking out?
Oh yeah, tons.
You've got CJ affiliate share sale,
and a lot of companies have their own affiliate programs too.
So you can check their websites directly.
So it's really about doing your research.
Exactly, find programs that align with your niche.
Now what about creating the actual content for Pinterest?
Right.
Like I'm no graphic design expert.
You don't have to be.
Oh really?
Canva is a great tool for that.
I've heard of Canva.
Yeah, it's super user friendly with tons of templates.
So even someone with zero design skills can create decent visuals.
Exactly, and it's really affordable too.
And Sarah emphasized consistency on Pinterest.
Oh yeah, you got to be pinning regularly.
Are there tools to help with that?
Absolutely.
Tailwind is a popular one.
Okay.
It lets you schedule your pins in advance
so you don't have to do it manually every day.
That sounds like a huge time saver.
Okay, now let's talk cryptocurrency.
Okay.
I know it can be intimidating for beginners.
Yeah, all that tech jargon.
So where do you even start learning about this stuff?
Well, platforms like Coinbase, Binance, and CoinMarketCap
have great educational resources.
They break down complex concepts into simple terms.
And they have those watch to earn programs too.
Right, you can actually get paid to learn.
I like that idea.
But at some point you might want to consider professional financial advice.
Oh yeah, when does that become necessary?
I'd say if you're thinking about investing a significant amount of money,
Okay.
it's always good to get guidance from someone who knows what they're doing.
Okay.
YouTube, for those who are into faceless channels,
what content creation tools would you recommend?
Well, for screen recording and video editing,
OBS Studio and DaVinci Resolve are both excellent free options.
So you don't have to break the bank on expensive software?
Nope, and they have all the features you need to create professional looking videos.
And what about those engaging visuals that Sarah talked about?
Well, if you're looking to create animations,
Animaker and Vyond are great platforms to check out.
Okay.
And for royalty free music and sound effects,
Epidemic Sound and Artlist are popular choices.
So there are resources for every aspect of YouTube content creation.
Yeah, it's all out there.
You just have to find what works for you.
Okay. Drop shipping, finding a winning product seems like the biggest challenge.
Yeah, it's definitely crucial.
So how do you even begin that process?
Well, first identify your target audience.
Okay.
What are their needs?
What problems are they facing?
And then find products that solve those problems.
Exactly.
And you can use platforms like Aliexpress, Alibaba and Sailhue to research trending products.
Okay.
Look for products with good profit margins,
reasonable shipping times and positive supplier reviews.
So it's a combination of market research and product analysis.
And don't forget about your unique selling proposition.
Oh, right. What makes your product or store stand out?
It could be a special bundle or exceptional customer service.
Okay. Etsy. For those who are into selling handmade goods.
Yeah. Etsy is a great platform for that.
But what makes a successful Etsy store?
High quality product photos are a must.
Oh yeah. Presentation is everything.
And craft compelling product descriptions that highlight the benefits of your items.
Use keywords that buyers are likely to search for.
So it's like SEO for Etsy?
Yeah. Kind of.
And don't forget about Etsy's marketing tools like promoted listings.
So you can get more visibility for your products.
Exactly. And of course, excellent customer services essential.
Yeah. Happy customers are repeat customers.
All right. Let's talk about Fiverr.
Standing out on Fiverr is all about creating a compelling gig description.
There's so much competition.
You got to make yours shine.
How do you do that?
Clarity is key. Clearly state what you offer your experience level
and what's included in your package.
Okay.
Use bullet points to make it easy to read.
And highlight your unique skills.
Exactly what sets you apart from the crowd.
And don't forget about testimonials.
Oh yeah. Social proof is so powerful.
Encourage happy clients to leave feedback.
And visuals are important too.
Use high quality images and videos to showcase your work.
Okay. Investing in the stock market can be overwhelming for newbies.
Yeah. It's a whole other world.
So where should they start?
Well, the Intelligent Investor by Benjamin Graham is a classic.
Okay.
Investopedia is a great website for learning the basics.
And what about getting some practical experience?
Stock market simulators are a great way to practice
without risking real money.
So you can kind of test the waters.
Exactly. And remember, patience and discipline are crucial in investing.
Don't expect to get rich quick.
No. It's a long game.
Okay. Lastly, reselling books from dollar stores.
Ah, the treasure hunt.
Any tips for finding those hidden gems?
Learn about popular authors and genres.
Okay.
Look for books in good condition, especially first editions or signed copies.
Those are worth more.
And check online marketplaces like eBay and Amazon to get a sense of pricing trends.
So you know what to look for and what to sell it for.
Exactly. And sometimes it's just about luck being in the right place at the right time.
Well, we've covered a lot of ground in this deep dive.
Yeah. We've explored so many side hustle possibilities.
From social media to e-commerce to investing and even reselling books.
It's been inspiring to see the different ways people are creating income streams.
And the key takeaway is that there are countless opportunities out there.
You don't have to be stuck in a traditional nine to five job.
So what's your final challenge to our listeners?
Take action. Pick a side hustle that excites you and start exploring.
Yeah. Don't be afraid to experiment and even fail.
It's all part of the journey.
That's a great challenge.
Thanks for joining me on this deep dive.
It's been a pleasure exploring these side hustles with you.
And to our listeners, happy hustling.