Young and Profiting with Hala Taha (Entrepreneurship, Sales, Marketing)
Nick Loper: Side Hustle Secrets Every Aspiring Entrepreneur Needs to Know | Entrepreneurship | E325
Mon, 23 Dec 2024
From launching a comparison shopping site for shoes to creating a directory of virtual assistants, Nick Loper is the king of side hustles. Although he started out during the early days of the internet, when there were fewer resources and less user-friendly tools, he figured it out and kept experimenting. Nick tried many different side hustles, earning lessons from each one and refining his approach. Eventually, he created Side Hustle Nation, his hugely successful platform for empowering aspiring entrepreneurs to build profitable side hustles. In this episode, Nick and Hala discuss how to create and execute a successful side hustle, no matter your skill set. In this episode, Hala and Nick will discuss: (00:00) Introduction (02:04) The Rise of Side Hustles (04:20) Nick's First Side Hustle Experiments (06:32) Making Money from Podcasting (10:38) Why Everyone Needs a Side Hustle (13:49) Thriving in a Recession with Side Hustles (20:11) Is AI the Future of Side Hustles? (24:04) Launching a Service Business (27:57) Turning Ideas into Products (30:05) Does Dropshipping Still Work? (32:01) Real-Life Side Hustle Scenarios (43:06) No-Skill Hustles That Actually Work (49:02) How to Track Your Profitability Nick Loper is the founder of Side Hustle Nation and the host of The Side Hustle Show, one of the top podcasts for entrepreneurs. His journey started while juggling a corporate job and building a footwear comparison shopping site on the side, which eventually led him to full-time entrepreneurship. Nick is the author of bestselling books like Buy Buttons and $1,000 100 Ways, offering actionable insights into building sustainable income streams. His work has been featured in Forbes, CNBC, and Entrepreneur, and his Side Hustle Nation community is a hub for thousands of hustlers worldwide. Resources Mentioned: Nick’s Podcast, The Side Hustle Show: https://podcasts.apple.com/us/podcast/the-side-hustle-show/id655135292 Sponsored By: Airbnb - Your home might be worth more than you think. Find out how much at airbnb.com/host Found - Try Found for FREE at found.com/profiting Shopify - Sign up for a one-dollar-per-month trial period at youngandprofiting.co/shopify Active Deals - youngandprofiting.com/deals Key YAP Links Reviews - ratethispodcast.com/yap Youtube - youtube.com/c/YoungandProfiting LinkedIn - linkedin.com/in/htaha/ Instagram - instagram.com/yapwithhala/ Social + Podcast Services: yapmedia.com Transcripts - youngandprofiting.com/episodes-new All Show Keywords: Entrepreneurship, entrepreneurship podcast, Business, Business podcast, Self Improvement, Self-Improvement, Personal development, Starting a business, Strategy, Investing, Sales, Selling, Psychology, Productivity, Entrepreneurs, AI, Artificial Intelligence, Technology, Marketing, Negotiation, Money, Finance, Side hustle, Startup, mental health, Career, Leadership, Mindset, Health, Growth mindset. Career & Entrepreneurship Career, Success, Entrepreneurship, Productivity, Careers, Startup, Entrepreneurs, Business Ideas, Growth Hacks, Career Development, Money Management, Opportunities, Professionals, Workplace, Career podcast, Entrepreneurship podcast
Chapter 1: What is the rise of side hustles?
You're one layoff away or one bad meeting away from having your income go to zero. That's a really stressful way to live. The realm of potential side hustles has expanded in the last 10 years.
Chapter 2: What were Nick's first side hustle experiments?
You are famous for having a lot of side hustles. What are some side hustles that do well in tough economic times? My very first side hustle was... How do you think AI is transforming the side hustle world?
It has improved certain processes. It's made things more efficient. But you know, an entrepreneur is somebody who jumps off the cliff and figures out how to build their parachute on the way down. What side hustles allow you to do is just reduce the height of the cliff. Even if you don't have a side hustle, even if you don't have a business, you are the CEO of your own life.
Chapter 3: How can you make money from podcasting?
Is drop shipping a thing anymore?
Chapter 4: Why does everyone need a side hustle?
Well,
Chapter 5: How can side hustles help during a recession?
Yeah, fam, welcome back to the show. And today's episode is especially for my entrepreneur newbies and wannabes because we are lasering in on the topic of side hustles. Side hustles are very popular nowadays. Seems like everybody has a side hustle. And of course they do because side hustles enable security and freedom and allow you to follow your passion while making money.
Chapter 6: Is AI the future of side hustles?
Who wouldn't love having a side hustle? I actually started Yap Media as a side hustle six years ago. And I'm so happy that I dedicated the time and effort it took to get this side business off the ground because now it's my main hustle and I make millions of dollars a year off of this business and I have so much security and freedom. and live in my dream. So side hustles are awesome.
Chapter 7: What service businesses can be launched?
I'm an advocate of side hustles. Nick Loper is a side hustle expert. He is the side hustle king. He knows everything about side hustles. He's had so many side hustles himself. He's been blogging about side hustles for over a decade now at the Side Hustle Nation. He's also the host of the very popular podcast called The Side Hustle Show.
Chapter 8: How to track your profitability in side hustles?
And he interviews people with really unique and cool side hustle ideas all the time. So he's a wealth of information. He's got so much to share on how we can create and execute a very successful side hustle. Let's dive right into my conversation with Nick Loper. Nick, welcome to Young and Profiting Podcast.
Happy to be back. Thanks for having me.
Of course. So fun fact, I was looking back in the archives and I realized that you came on the podcast back in 2018, episode 10. You were one of the first podcasters and people in general that I've ever interviewed. And I think it's just so awesome because you were somebody that I looked up to.
And now everything is so full circle because I'm not only interviewing you again on the podcast, you're in my podcast network. We work together. And so I just feel like it's just a beautiful moment right now.
It was one of these things where I think you reached out, whatever that was, 2017, 2018. And it's like, this girl's a go-getter. You know, she's going places. You know, want to watch this journey. And it's been really inspiring to see what you built starting as a side project and into this media behemoth conglomerate that you've got going on now.
Thank you. I really appreciate that. I appreciate you taking a chance on me. And And we were talking about remote work and the future of remote work, not even realizing that two years later, everything would accelerate with COVID. And so my first question to you is, give us the evolution of side hustles. How did it start? When did it start to pick up steam? And where are we at now?
Yeah, I don't think it's a new concept by any means. I think previous generations would have called it moonlighting or having a second job. And it might have looked like bartending on the weekends or delivering pizzas or having a rental property.
But the realm of potential side hustles has absolutely expanded in the last 10 years with the rise of peer-to-peer gig economy type of apps, plug-and-play side hustles. Sign up for Uber and go drive around or do DoorDash and stuff like that. There's a peer-to-peer platform for just about anything.
If you have an underutilized asset in your life, whether it's your house or your car or, you know, watching other people's dogs, there's all sorts of different things that you can do. And Side Hustle Nation has been a beneficiary of that rising tide of interest. inside hustles over the last 10 or 12 years. And it's become much more mainstream.
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