328: How to Start a Service Business to Replace Your Income, Step-by-Step

The Side Hustle Show

Nick Loper

How To, Entrepreneurship, Business, Education

4.7 • 1.6K Ratings

🗓️ 28 March 2019

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

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Summary

Starting a service business on the side is one of the fastest ways to build extra income. It's flexible, low-overhead, and you can probably start with skills you already have. “I had a lot of drive underneath me," Abbey Ashley told me, about starting her service business back in 2013. "I was super pregnant and I hated my job so much,” Abbey started offering her services as a virtual assistant, and connected with her first clients at local networking events in Washington, DC. My the time her maternity leave was up--just a few short months--Abbey had booked enough work to not have to go back to that job she hated. On top of that, she only had to work 20 hours a week to do it, and could work from home. There are almost no barriers to entry to starting a freelance service business, and the startup costs are minimal. (All Abbey did was make business cards for networking.) In fact, it was a service business, a house painting business in my case, that was one of my first entrepreneurial adventures. Over time, Abbey scaled her virtual assistant business from just herself at $20-30 an hour, to her own little virtual agency, to $75 an hour and up for some specialized work. Before long, the questions started coming in: How can I do what you do? How can I work from home and set my own hours? How can I do work I enjoy? In response, she built up a complete training program for would-be virtual assistants. She's helped thousands of people start their own service businesses and has built a thriving free community of virtual assistants. If you want to dive in deeper, check out her free training called Become a Booked Out Virtual Assistant. (That's an affiliate link; if you buy her full program, I'll receive a commission.) Full Show Notes: How to Start a Service Business to Replace Your Income, Step-by-Step

Transcript

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0:00.0	Want to make an extra thousand bucks in the next 30 days? Start freelancing.
0:06.0	Here's how to figure out what service you could offer and how to connect with clients who will pay you.
0:16.0	What's up, what's up Nick? Loper here, welcome to the Side Hustle show because your day job is just your biggest client right now. If you're looking to make
0:21.4	extra money, there's no doubt that starting a service business is one of the fastest ways to do that with almost no barrier to entry and minimal startup costs.
0:31.0	In fact, it was a service business, a house painting business in my case that was
0:34.8	one of my first entrepreneurial adventures. And in this call you're going to learn how to figure
0:40.0	out what service or services you could offer on a freelance or contract basis, even if you
0:45.0	don't think you have any skills today, and importantly, how to connect with potential paying
0:50.3	clients who need help in those areas.
0:52.7	To help me walk through this stuff is Abby Ashley
0:56.1	from the VirtualSavi.com, who you might remember
0:59.4	from an episode we did last year.
1:01.5	Abby started her virtual assistant business, her freelance business, while she was on maternity leave and by the time her leave was up just a few months, she'd booked enough work not to have to go back to that job she hated.
1:14.9	She ultimately scaled that service business from just herself at 20 to 30 bucks an hour to her
1:19.9	own little virtual agency to $75 an hour and up for some specialized work.
1:26.5	And before long, the questions started coming in.
1:29.7	How can I do what you do?
1:30.9	I would love to be able to work from home, set my own hours, do work I enjoy. So like any
1:35.8	good entrepreneur, Abby turned around and started teaching her methods. At this point she's helped
1:41.2	thousands of people start their own freelance business, which is awesome.
1:45.0	In fact, if you hit up the VirtualSavi.com slashshn, she's put together an action-packed free training
1:52.0	called How to Become a booked-out virtual
	...

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