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

The Side Hustle Show

Nick Loper

Business, Education, Entrepreneurship, How To

4.7 • 1.6K Ratings

🗓️ 2 May 2024

⏱️ 49 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. Full Show Notes: How to Start a Service Business to Replace Your Income, Step-by-Step New to the Show? Get your personalized money-making playlist here! Sponsors: Indeed – Start hiring NOW with a $75 sponsored job credit to upgrade your job post! Airbnb - Start an Airbnb business and earn money as an Airbnb Host! Monarch Money — Get an extended 30-day free trial of the top-rated personal finance app!

Transcript

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0:00.0	If you travel a lot for work or for a vacation, you might be familiar with that feeling you get,
0:05.0	knowing you're leaving your space unused for long periods of time,
0:08.0	and you're still paying for that privilege.
0:11.0	But hosting on Airbnb means you don't have to leave your home sitting
0:14.3	empty when you're away. Being an Airbnb host isn't just a way to earn some extra cash, it's a chance
0:19.7	to share your space and make a guest's vacation all the more memorable. You might be thinking,
0:24.6	eh, maybe my place isn't the right fit, but don't write it off just yet.
0:28.1	Your potential Airbnb might be right in front of you, whether it's a spare room or even your entire home, there's an opportunity
0:34.7	waiting.
0:35.7	Airbnb turns your home into a practical and even profitable venture.
0:39.8	We just got back from a family trip to Hawaii where we stayed in a great Airbnb, but our place back home
0:45.2	could have been a highlight to somebody else's travels, and we could have used the extra cash
0:49.1	to help pay for the trip. So if you're curious about hosting on Airbnb, find out how much your space could be worth by
0:55.2	visiting Airbnb.com.host. Once again, that's Airbnb.com. Host.
1:01.6	Here's an oldie but a goodie from the archives from the side hustle show Greatest hits collection
1:07.7	Want to make an extra thousand bucks in the next 30 days? Start freelancing. Here's how to figure out what service you could offer and
1:15.1	how to connect with clients who will pay you.
1:20.0	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.
1:27.2	If you're looking to make extra money there's no doubt that starting a service business is one of the fastest ways to do that with almost no barrier
1:35.7	to entry and minimal startup costs. In fact it was a service business a house painting
1:40.6	business in my case that was one of my first entrepreneurial
1:43.6	adventures and in this call you're gonna learn how to figure out what service or
	...

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