Chapter
Building Successful Side Hustles in Tough Economic Times
46:07 - 48:31 (02:24)
During tough economic times, focus on helping companies save money or earning individuals side income. Content marketing agencies or marketplaces for B2B companies could be a great opportunity to do so.
Clips
In tough economic times, the focus should be on saving companies money or earning individuals side income.
46:07 - 46:35 (00:28)
Summary
In tough economic times, the focus should be on saving companies money or earning individuals side income. The abundance of capital before has led to a shift in the priorities of companies and individuals now need to adjust accordingly.
ChapterBuilding Successful Side Hustles in Tough Economic Times
EpisodeAustin Rief: Building Morning Brew, The Ultimate Guide to Building Newsletter Businesses, Side Hustle Ideas, & More
PodcastMy First Million
The speaker suggests that building a side hustle focused on helping companies save money could be profitable.
46:35 - 47:28 (00:53)
Summary
The speaker suggests that building a side hustle focused on helping companies save money could be profitable. One example is starting an outsourced talent agency where companies can hire part-time employees.
ChapterBuilding Successful Side Hustles in Tough Economic Times
EpisodeAustin Rief: Building Morning Brew, The Ultimate Guide to Building Newsletter Businesses, Side Hustle Ideas, & More
PodcastMy First Million
Bootstrapping niche marketplaces, such as a content marketing agency for B2B companies, can be profitable and valuable especially in the current economic climate where companies are questioning the need for full-time employees but still require content.
47:28 - 48:31 (01:02)
Summary
Bootstrapping niche marketplaces, such as a content marketing agency for B2B companies, can be profitable and valuable especially in the current economic climate where companies are questioning the need for full-time employees but still require content. Examples of successful bootstrapped marketplaces like TopTel demonstrate their tremendous potential.