BONUS: Planning for a New Tomorrow, Part II
Side Hustle School
Chris Guillebeau
4.7 • 3.3K Ratings
🗓️ 14 May 2021
⏱️ ? minutes
🧾️ Download transcript
Summary
An asymmetrical opportunity is one where the risk is low but the possible reward is high. Starting a small business on a low budget is a perfect example: it might not work out, but if it does, there's no fixed limit to growth.
In this series of short episodes from our partner Dell, I'll share three examples of how ordinary people are exploiting asymmetrical opportunities to radically transform their lives. The new tomorrow will not be televised–it's available on demand right now!
Our second example features a guy in Dallas who learns to pre-order limited-edition cars (no test drives allowed!), and then immediately resell them for more than he paid.
Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week. 🎧
Show notes: SideHustleSchool.com
Email: team@sidehustleschool.com
Be on the show: SideHustleSchool.com/questions
Connect on Twitter: @chrisguillebeau
Connect on Instagram: @193countries
Visit Chris's main site: ChrisGuillebeau.com
If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼
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Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.
Show notes: SideHustleSchool.com
Email: team@sidehustleschool.com
Be on the show: SideHustleSchool.com/questions
Connect on Instagram: @193countries
Visit Chris's main site: ChrisGuillebeau.com
Read A Year of Mental Health: yearofmentalhealth.com
If you're enjoying the show, please pass it along! It's free and has been published every single day since January 1, 2017. We're also very grateful for your five-star ratings—it shows that people are listening and looking forward to new episodes. 😎 🙏🏼
Hosted on Acast. See acast.com/privacy for more information.
Transcript
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| 0:00.0 | Hey everyone, I'm Chris Galibos. You are listening to a special episode of Side Usle School. |
| 0:09.7 | This short series is part of the Dell Technologies Small Business Podference. Small businesses |
| 0:14.8 | are constantly looking for ways to advance their marketing and grow their companies. That's |
| 0:18.6 | why Dell Technologies assembled an all-star lineup of podcasters to create this year's |
| 0:22.8 | virtual conference, to share advice and inspiration for small business. I hope that you find this |
| 0:27.4 | episode enjoyable and useful Dell Technologies is here to help safeguard your business with |
| 0:32.0 | modern devices in Windows 10 Pro and provide relevant content for your success. To find more |
| 0:38.0 | participating podcasts, search for Dell Technologies Small Business Podference on the Odyssey app, |
| 0:42.9 | Spotify, or Apple Podcasts. |
| 0:45.8 | Alright, so jumping in here, a 19-year-old young woman has made more than $400,000 naming Chinese babies. |
| 1:02.4 | And perhaps even more impressive is the fact that she's done it by charging less than a dollar each. |
| 1:07.2 | The process is largely automated. Her main task these days is to make sure the website doesn't crash. |
| 1:12.7 | That is, of course, an incredible success. We're doing some more research and trying to get in touch |
| 1:17.8 | with her to feature her in more detail on the podcast. But I mentioned that story in the context of |
| 1:23.1 | asymmetrical opportunities. Asymmetrical opportunities are actions you can take that come with a low risk, |
| 1:30.2 | but potentially a high reward. So here is a non-business example of an asymmetrical opportunity. |
| 1:36.8 | Imagine you become star struck by a stranger while at a bar or a coffee shop and you feel like you |
| 1:43.3 | should go and talk to them. Perhaps you even feel like you should go and ask them out politely, of course. |
| 1:47.8 | Now, if you ask them out, they might say no. So you might be rejected. But the potential reward to |
| 1:53.9 | meeting someone amazing could be much higher. So low risk, high potential reward. Of course, you could |
| 2:00.2 | also think about that in a non-romantic context. Talking to a stranger, if it doesn't work low risk, |
| 2:04.8 | if it does work out, it could be something incredible. So I'm bringing you three short series of |
... |
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