137: How to Find a Business Idea for a Side Hustle [Podcast]

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Want to know how to find a business idea for a side hustle?

To some, it seems daunting – to others simple.

You might be the person who comes up with 20 ideas a day, or maybe you are the person who has no ideas.

Either way, there are traps in both sets of thinking.

Today I will go over some simple ways to uncover ideas and common mistakes others make.

How to Find a Business Idea for a Side Hustle (Outline of the podcast) 

1. Goals of the Side Hustle
   • What is a Side hustle?
   • What can you expect to earn (realistically)?
2. Two quick ways to generate ideas
   • The Calling Exercise
     • What do you love to do?
     • Where are you gifted?
     • What do others ask your help with?
   • Search for similar services
     • Fiverr, Udemy, Amazon, or local services pages
     • What do you see offered that you know well
3. What to do first
   • Start with a service. Easiest to do and start and grow to a decent income.
   • Use tools like
     • Fivver
     • Upwork
     • Craigslist
     • Putting flyers on doors
     • Example from IEM – Handyman to Powerwashing Business
   • If a hit – grow into a product
     • Writing resumes for people – develop a book or a course (Debra Mastic’s Resume service to products)
     • Hire people and build a team to do the work.
       • For a plumbing service – Doing plumbing for people – Hire plumbers or create a course or content for DIY
     • Create information products
       • Check my series on building information products in 30 days.
       • Example – Patrick Cash – Lawn Care to service business
4. Common mistakes

1. • Overthinking it
   • Trying to make it perfect. (Sitting at Fivver worrying over the packages $5, $50, $100) Just hit enter and adjust
   • Failing to deliver. When someone buys from you – respond and deliver fast

Upcoming Episode 138 next week – how to find time to start a side hustle

Click here to listen now.

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Links mentioned in this episode:

• How to Create Your First Information Product in 30 Days
• Fiverr – Service offerings starting at $5 
• Upwork – Freelancers
• Udemy – Online training products
• Side Hustle: From Idea to Income in 27 Days
• Pressure washing (Scotty Lett – Iron City Power Washing
• Episode 119: Developing an Entrepreneurial Mindset
• Master of Engineering Management in Information Engineering and Management