487: From $17/hr to 6-Figure Side Hustle

The Side Hustle Show

Nick Loper

How To, Entrepreneurship, Business, Education

4.7 • 1.6K Ratings

🗓️ 10 March 2022

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

"Changing the world with chess" and making $100,000 per year on the side. That’s the story of today’s guest, Jeff DiOrio from EliteChess.net. Jeff went from working in summer camp chess programs teaching kids how to play chess, to running his own summer camps and earning five times as much. He then transitioned to an online recurring membership model, in part due to the pandemic, while also keeping the in-person coaching side of his business alive. Jeff’s approach to growing his student numbers so rapidly? Organic growth through giving to charities and delivering a value-driven service. All while doing something he loves -- teaching chess. Tune in to The Side Hustle Show interview to hear: how Jeff built his minimum viable audience the methods he used to set up the business for recurring revenue how you can borrow some of these same tactics in your business Full Show Notes: From $17/hr to 6-Figure Side Hustle Download Your Free Bonus: 20 Hobbies to Monetize with an Online Business

Transcript

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0:00.0	What's up, what's up, Nick Loper here. Welcome to the side hustle show because you're
0:04.0	nine to five and may make you a living, but your five to nine makes you alive.
0:09.0	This week, you'll meet a high school dean who's built his side hustle to the point, or
0:12.4	it now makes more than the day job, and he's done it teaching chess.
0:17.1	Stick around to hear how Jeff DiOrio from EliteChess.net built his minimum viable audience, how he set
0:23.4	up the business for recurring revenue, and how you can borrow some of these same tactics
0:27.6	in your own business.
0:29.0	As a listener bonus, this week, I put together a free list of 20 more hobby niches where
0:33.4	you could apply the same general business model to.
0:36.0	You'll find that along with the full show notes for this episode at side hustle nation.com
0:40.5	slash chess, or through the link in the episode description of your podcast app.
0:45.1	This story starts with Jeff teaching chess at a neighboring school's summer camp.
0:49.7	Ready?
0:50.7	Let's do it.
0:55.2	It was making $17 an hour and started thinking, wow, maybe I could do this for myself and give
1:04.6	myself a little bit of a raise plus I was making all these kids really strong in chess
1:10.2	in the neighboring cities and then not really focusing on my own community that I was working
1:15.8	with.
1:16.8	You're helping out the competition for your own chess team.
1:20.6	Yeah, and while I believe strongly and just helping anyone, I thought I should at least
1:26.1	serve the people nearest to me too.
1:29.7	That was the idea, but I didn't really move on it.
	...

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