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16 Side Hustles No One Talks About For The 2023 Recession


there’s money to be made everywhere especially in a recession all you need to know is where to look here are 18 businesses side hustles Who start in a recession for each one I’ll rate the difficulty from one to three magic lamps three being most difficult I’ll tell you what they are and the best way to start them first business one magic land difficulty this guy made two hundred thousand dollars in 2022 with it and it’s really an untapped Market selling premium notion templates and tools think of notion as a combined Google Drive jira Trello and Evernote on steroids basically notion lets you build out custom templates and workspaces like a Content calendar progress tracker a budget management tool and more which you can then sell some for just a couple of bucks and others can go for over a hundred dollars It’s relatively easy to build out these templates and there are a ton of free resources online to learn how but the easiest way to start is to check out existing templates that you find helpful on these sites download them and break them apart to learn how all the pieces fit together but one of the hardest things about this is actually coming up with a template idea that people actually want to buy the trick is to create something valuable that will save people time or effort and the best way to do that that is to look towards your own life and solve a problem that you struggle with like do you wish you had a better way to manage your work documents or your homework or be able to budget your money better simply build something to solve your own problems and then you can sell that Solution on websites like gumroad SC or your own blog the second business is one magic lamp and there’s so much opportunity in this space because it’s relatively new and it’s called content Recycling and it’s not what you think when people usually talk about this they just mean taking a long form video cutting it up and turning them into shorter videos but there’s actually a whole other side to this entire thing beyond the typical tick tocks IG reels and YouTube shorts there’s so much potential in the space for Twitter threads LinkedIn posts podcasts blogs and any other form of social media I actually met a guy in November who was making thousands every single month from turning blog posts into LinkedIn posts to start reach out to content creators and businesses on any social platform and offer to repurpose their platform content like a YouTube video to tick tock video or blog post put a thread or a Twitter thread to LinkedIn but when you do your Outreach you need to be able to stand out because there are a ton of people pitching the exact same thing as someone who receives a ton of emails from people offering to do this for me honestly they all sound the same the trick to differentiate yourself is to just do it already instead of telling me that you can cut up my videos for me just do it in your first email Outreach you should already send me a short run video of mine so I can immediately see the video output and your skills the third business is two batch glimps and now is actually the best time to start because there’s a huge gap in the space and it’s starting a very specific type of YouTube channel one that’s focused on educational content on my first year on YouTube with educational content I made over five hundred thousand dollars and by my second year I quit my full-time job and I practically reach Financial Freedom what’s awesome is if you have any hobbies or knowledge whether it’s about baking sales Health Fitness technology or anything you believe will help and serve your community you can use YouTube to turn it into an income home generating machine you see when I first started my channel I made a ton of mistakes there were so many things that I wish I knew from the start that would make it easier to grow and make money from the very beginning which is why I created 100 free Facebook group Creator business accelerator focused on helping other education channels in that group I’ll share my secret growth strategies host live q a group calls monetization strategies and more with the goal to grow your educational YouTube channel and turn it into an income generating machine it’s 100 free to join link is down below the fourth business is two magic lamps and it’s starting a very specific type of digital agency which is actually a lot more simple than the name implies I’ll show you the best way to break into this field without any experience an agency just means you’re selling some type of service to another party but you want to focus on the digital marketing space and I’ll tell you why in a minute what you want to do first is just start your digital agency by offering just one type of digital service whether that’s SEO PPC branding growth marketing content marketing and there’s a a bunch more here find one service that you’re really interested in learning about and then Deep dive into it first build a portfolio by doing the work for free for just one to three people on Reddit afterwards you need to build a website to attract more customers and be able to show off your portfolio and I can’t emphasize enough how important having a great looking Business website is because trust me it’s going to make you stand out from the competition but I have to admit before I made any websites I did a ton of research on where I should host and build them and I couldn’t find any platform that I liked everything was either too slow over the complex or way too expensive that is until I kept seeing the name hostinger ranked number one on a bunch of web posting review sites so I went on hostinger who’s sponsoring this video and I found has everything I need to create a site all in one place obviously I then checked out their prices and I was shocked only 2.79 bucks a month for their premium web hosting plan which is super affordable and it comes with a bunch of freebies free email free domain name unlimited bandwidth and more I chose the 48 eight-month plan because it has a 30 day money back guarantee so if you ever change your mind there is practically no risk and you can get your money back and the renewal price for the 48 month plan is the lowest at this point I thought it was going to take a long time to build out the actual site but hostinger’s dedicated 24 7 customer service and tutorials made it super easy I built the site on WordPress which has a bunch of free themes and plugins so I could customize the site how I’d like without needing to learn how to code and now I have this my consultancy business with my portfolio it was super easy and quick to make look I gotta emphasize just how important it is to have your own professional looking website for your business it really makes you stand out and it costs less than three bucks a month on top of that hostinger is giving my viewers you an additional 10 discount on top of their ongoing offers just go to hostinger.com Fitz and Chan and use code Vince enchana checkout thanks again to hostinger for sponsoring this video in addition to having the website here’s a second way to really stand out offer value for free upfront so if you decide to start with a PPP service offer potential clients a free the audit to show them where they’re wasting money and how you’ll come in to improve their performance after you master this PPC service and have a good amount of recurring customers go back to the list of services that I mentioned earlier and pick the next one that you’re interested in learning Deep dive into this and then upsell this new service to your existing clients and expand your agency and the cool thing is it’ll be super easy to upsell because all these digital marketing services are intertwined so if you make a good first impression chances are they’ll pick up another service that you’re selling fifth is one magic lamp real life Arbitrage and you don’t need any money to start here’s why during recession people unfortunately lose their jobs which leads to two things one people will sell their old things in garage sales for cheap for extra money and two people move to smaller places and will need to get rid of their stuff and some will give it away for free on Craigslist and Facebook marketplace where you come in is you’re taking these items and selling them for a profits online check out these websites or visit local garage sales to get them but before you actually buy the stuff here’s how to tell if it’s going to be profitable go to camel camel camel or any other price trackers and check that item’s price history and see if the item has high price fluctuation which could mean that you would have a higher profit margin opportunity when you sell it and that’s what I’m doing with these race cars I bought about 20 of these for three bucks at a garage sale a couple months back and they actually go for a 10 15 even 20 bucks each online sixth is one magical lamp and it’s one of those uncommon jobs that’s really easy to learn and is very profitable in fact the average salary is over seventy thousand dollars and all you need is a computer with internet copywriting and copywriting is essentially writing with the goal of persuading the reader to buy something here’s an example this is the Apple homepage and it currently says Pro Beyond Compare this to a text that says it’s a good phone which one are you more likely to buy and that’s the copywriter’s whole job and you don’t need to be a good writer either when you first start you can learn how to do this 100 free on these websites or on these books and after you have a good understanding of copywriting take on some free projects from Reddit to build out your portfolio and then similar to perform create a Business website and host your portfolio so you can start marketing yourself and attracting more clients seventh is three magic lamps and if I could go back in time instead of working in finance I would have done this because the amount of money you can make is just ridiculous and this is high ticket sales basically being able to sell premium products and services and getting a sales commission so if the product you help sell costs fifteen thousand dollars and you get a twenty percent commission that you make three thousand dollars from just one sale and the beauty of working in high ticket sales is you can work for whomever you want wherever you want and you actually don’t need to create the product yourself to start you need to understand the fundamentals of sales and practice it the best athletes in history didn’t become great because of some unique talent they became the best because they put in the work mastering the fundamentals and obsessing over them and finding work is going to be the easy part there’s a ton of creators and businesses online that have amazing courses Mastermind coaching business is and more but a lot of these creators are focused on creating and improving their product so they don’t have too much time to focus on sales with potential clients and that’s where you come in reach out to these creators and businesses to work as remote High ticket sales closer for commission chances are the Creator probably won’t mind bringing you on because you don’t get paid unless you actually close a sale after you get more practice and develop your own sales style you can start a business where you train others to do high ticket sales and run the entire operation from there before I get into the next couple of ideas I asked on Instagram what side hustles or businesses are you currently working on and here’s a couple that I really want to highlight first starting a really Niche blog about sledding equipment and then doing affiliate marketing from there two dog sitting and then working on other side hustles at the person’s house three babysitting and doing the same thing earlier four going around the neighborhood and asking if people want their cars washed and five giving private exclusive tours of your entire city next is two magic lamps and it’s selling very Niche things on Etsy a Marketplace focused on digital or physical artsy stuff and the top merchants on this site are making millions each month this is monthly sales and their average product is 20 bucks the trick is to sell things around your area of interest do you like making art you can sell posters or pins do you like productivity you can tell journals or calendars the reason is because it’s way easier if you’re actually interested in the niche and category because you can then understand your target audience and the marketing lingo to reach them because you are your target audience for inspiration check out this site and look across categories to find trendy products and see what you can incorporate into your Niche there are a ton of poorly made listings on Etsy so you can very quickly stand out from the Rest by taking some fantastic photos optimizing your titles and making your descriptions super detailed next is two magic lamps and all you really need is to live in an apartment or a house and it’s renting out your extra space to store other people’s stuff do you remember what I said earlier about recessions and the outcome of that during recession people unfortunately lose their jobs people move to smaller places and will need to get rid of their stuff and some will give it away for free on Craigslist and Facebook Marketplace well couple this with Millennials being priced out of owning a home and Baby Boomers downsizing their houses there are many people looking to store their extra stuff to start list out your extra space on Craigslist or Facebook Marketplace and charge a monthly retainer basis per item and you can upsell your services too like offering pickup delivery service or even helping them pack if there isn’t enough space in your home then get a friend on board offer to pay them some money to store stuff in their basement garage or whatever eventually you can expand and buy actual storage space to take on more clients next is one magic lamp and it’s not really a business just a really smart way to make money in the long term investing and I know I know the Market’s not doing too hot but here’s why it’s actually the best time to start based on the data at the end of every recession Comes A Raging Bull Market when the economy goes back to normal and right now the mindset to have is is that stocks are on sale so the trick is to just buy and hold for the long term if it fits your investing goals and you can keep up with financial and investing news for free with my free newsletter daily Market briefs linked down below the next business is one magic lamp and it’s creating On Demand with a Twist you see the problem with traditional online stores is you really need three things to start one in audience to sell to to a place to store inventory and three some type of shipping infrastructure but with this business you don’t need any of that all you need are two free websites first is Etsy a Marketplace to sell your items and two any print on demand website like these how these two sites fit together is one you will design your product on the print-on-demand website but it will actually create or ship the product until someone actually places the order via Etsy and the cool thing is on Etsy anyone can discover and buy your product so to start create some cool looking designs that you think people want to buy and then you want to pick the products that you want to put the actual design on on the print on man website like a hoodie some phone cases socks mugs bottles anything new website offers then you go and create a listing on Etsy to sell your product and here’s how the magic flows first someone discovers your product on Etsy and they buy your product and send you their shipping details you then go on the print on demand website and place an order for the product the print on demand website then creates it and ships it to your buyer super easy but before you actually start any of these businesses it’s important to learn how to actually maintain and grow your money otherwise you’re just going to lose everything these are the six habits that I need to decide doing in order to make my first million dollars check it out

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