So the first category of business models got today is called time trading side hustles. As you're trading your time for this side hustle. You don't need any education. You don't need any knowledge at all. The first one is online surveys, so pay being paid to fill in online surveys. I'm gonna call this a waste of time. You generally get paid pennies for these survey websites, sometimes dollars or pounds, if you're lucky. But anytime you're trading your time for money. It is not scalable to watch these or fill in these surveys as well. But these companies don't pay anywhere near enough for you to be able to do that so I would call it the waste of time.
Same can be said by being an app tester. Downloading apps, testing them out, checking their functionality, being a beta tester. Same you can do this for games as well. We're just limited by our time. Though it is not scalable. If you want to earn some easy money sure try it out.  |
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If you want to be long term successful, you want to build something of real worth. You want to make potentially millions, next thing we have is the e-commerce category. Now the e-commerce is an industry where you sell products online. They're a whole different bunch of business models that come under that roof.
The first thing we have is Shopify. Actually it's starting an e-commerce store. This could actually be white labeling your own product, getting your own warehouse, and managing your own fulfillment. I think e-commerce is a top tier business model for the right person. You need to make sure you invest in your education. You're probably going to launch a couple of stores that won't really work. It really is product and brand dependent, the most important thing and one of the main reasons, many commerce stores fail. So you do not allocate enough money for their advertising. When they're first starting out gonna need a few thousand pounds or a few thousand dollars to invest in your advertising.  |
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For the right person top tier business is Amazon FBA (Fulfillment by Amazon). This is simply to get products from places like China or from other manufacturing plants all over the world. And you would take a product. You would white label it, which is the process of putting your brand on that. You're going to package it all up and put it your brand or on that item. And you're going to get listed on Amazon. Amazon will then actually fulfill that. Which means they will store, ship, pack and send out to your customers. And you get to make the most out of the traffic that the Amazon platform has. People make millions from it. For the right person though and it does require more upfront investment than most others.  |
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eBay is just a marketplace. Lots of people buy and sell products on eBay, this isn't really scalable. It is maybe in a very rare instance. We've all heard stories about people flipping trainers maybe that's going to be on this list as well. It's okay if you're just starting out, you want to just make your first bit of money.
Next we have print on demand. Starting a clothing brand and actually printing things on demand. This is not necessarily going to be starting a proper clothing brand. This is maybe going to be slogans or logos or for a football team.
Etsy selling handmade goods. On Etsy this is actually Woodstock. This is a good business model. If you've got a skill. If you've got a niche. If you've got a craft that you're good at some. Etsy stores make huge amounts of money.  |
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Facebook Marketplace. We're gonna put it underneath the eBay category as well. Like you're buying products for low money on Facebook and you're selling them for more and you're not going to break the bank. These aren't business models, this is just more of like a kind of way of making money.
Next category is agencies. This is simply a business model where you will provide a service to another person. A whole bunch of things that comes under that roof. Social media marketing is simply the act of you learning a skill like Facebook ads or email marketing or web development, approaching business owners, helping them to increase their revenue, providing that service, charging them thousands of pounds on a monthly basis. It's a beautiful business model.  |
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Social media management. This is just the process of actually managing the organic side of companies. Their Instagram pages, their Tick Tock pages and so on. This is a good business model. Consulting agency is very good business model. This is a top tier business model if you have experience. You need to be able to consult on something, you need to have knowledge around something. If you're going to consult about business, you need to have a successful business in that industry beforehand. If you're going to consult a mindset, your mindset better be pretty good.
Lead generation business is a company where you're going to scrape leads online. You're going to go out there and you're going to generate leads for other people. This is a service that we pay people thousands of pounds for on a monthly basis. This can be a really great business because there are many companies out there that need leads for the company to survive. Leads are just essentially people that other agencies other companies are going to actually sell to.  |
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Sales agency or sales closer good business very much in demand. Many businesses are useless at sales. Many businesses have no idea how to sell their services effectively. They just need to scale their sales team and don't have enough people in recruitment in their company to actually get good talent massively in demand. It's good if you've got the right skill set and you feel confident in your communication skills.
SEO or Search Engine Optimization is simply where as a business you're going to provide services to other companies and help them to get ranked higher on search engines like Google. There are quicker ways for people to make money these days. For example Facebook ads is going to make a restaurant more money quicker than SEO would.  |
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Email Marketing Agency Woodstock. This is more of a direct response business. So start an email marketing agency or simply creating email campaigns on behalf of companies. Fans agency, this is an interesting one. Approaching other people, having them create profiles, essentially talent manage those individuals and take a commission from their earnings. This can be very lucrative, if you get the right people and their pages absolutely blow up. It's a hard one to start though. You need the right network, need the confidence to approach those people, need to know how to do so without just approaching a load of people in the streets.
Airbnb Marketing Agency. This is a good business model. There are a lot of Airbnbs out there that need management. They want promotional content, need to have their pages managed right. That is a job for somebody to come in and do. You need to make sure you can get hold of those people, the lead generation isn't going to be that easy. But for the right person this is pretty good. There's a good opportunity then affiliate marketing agency. The affiliate marketing business for the average person is okay. It's not going to get you rich overnight.  |
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Next category is content creating influencing. The first one is YouTube. YouTube in my opinion is the platform with the most longevity. If you want to start a personal brand or a business or you want to become an influencer. Apparently being a YouTuber is the most desirable job in the whole of America. There was a survey that put out to kids in America and the number one job that came back was YouTuber. But YouTube's a long game. It's not easy. The audiences on YouTube are incredibly loyal. Also YouTube pays the best. Tick Tock or Instagram equally Brands will pay a lot more to sponsor your videos on YouTube than anywhere else. If you've got a business that can lean on YouTube and you've got a relevant audience who are acts great as a top of funnel something called YouTube a top tier. But don't just think you can just rely on YouTube. It's not a standalone side hustle business model for the majority of people. Your brand is not going to blow up overnight. For the majority of people it is an aid to some other business.  |
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Next is Tick Tock. The algorithm is crazy on Tick Tock. They pay their influencers low rates, they don't pay very well at all. But if you get a good following, then you can get brand deals and so on. Same thing with Instagram. Instagram platform's not very good.
Creating a Blog. As a business it is just okay, if it's aiding your company. But as a standalone business side hustle, waste of time unless you've got something really like controversial to speak about. But most people don't podcast, start creating a podcast is great thing, trending right now. Evergreen content would recommend it for anybody who's already creating content. If you haven't got one, you should get one at the very least. Just repurpose your videos into audio format.
Freelance creative. This is gonna be various different things under this. Becoming a copywriter is the first one. Copywriter just writes copy, that could be emails, that could be website copy, that can be for ads. This is a good business model. There are so many different areas of copy writing. You can go into branding, designer, logos and so on. If you're a full-fledged graphic design agency, start but just logos on its own design and build websites. People make websites for themselves these days. It's so easy to make funnels for yourselves.
YouTube scriptwriter, this is a good one. Writing scripts on behalf of YouTube, you don't have to do all the research and everything themselves that is in demand.  |
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For an experienced business owner, software is top tip this. It is a new category, software, so different types of software. Next is developing an app. Creating a mobile app, create widgets, like a Google Chrome extensions and so on. This is a good business model, if you have a good idea. If you have a good idea you can make a lot of money from a widget but again you need to be experienced.
Buying and selling domain names generally waste of time. You're not going to make any money quick. But it's good if you ever see a good domain name come up, hold it as an asset, great asset.
Selling your knowledge can make you a lot of money. People again think it's a lot easier than it actually is the profit margins aren't incredible. You have to advertise at very high costs, if you don't have a personal brand. It's going to cost you a bomb to get started. And you need knowledge in the first place to even think about creating an online course. Because if not, you're just a scammer. You can't create a course about something you don't fundamentally understand. You can't teach someone a business model that you haven't decided yourself.  |
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Now the final category. It's like a bow bonus category and first thing we have is Airbnb rental Arbitrage. This is essentially approaching Airbnbs or the property owner and convincing them to increase their price. And you manage their listing for them, get the content for them. You essentially make it a lot higher quality and you're taking that little bit of extra increase from the property. In theory that sounds okay but it'll not be very easy to pull off.
Moderators. You are not going to be earning enough as a community moderator. You can do it part-time but if you started the business. for it you might make some money. Sure the demand is there but it's not going to pay enough.
Online tutor: If it is one-to-one online shooting, you have got a skill, this is okay. Again you're not going to get rich but it'll do okay. So if you're teaching a skill one to one with someone by video calls and stuff you could scale it out and build a team that could be good. But they value you, if you're in this position to start an online course or start a consulting business. You can make more money from that and it's more scalable.
Perception of these business models is actually based on real people that have tried them themselves. It doesn't mean this is fact though but it's pretty well educated. Anyway if you think I'm wrong, tell me I'm wrong. Drop comment down below and tell me what you think and come up with ideas you want to work for yourself or you want to quit your job or you want to be financially free.
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