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The Side Hustle Show

644: $2k a Month in Semi-Passive Income on the Side

The Side Hustle Show

Nick Loper

Business, Education, Entrepreneurship, How To

4.71.6K Ratings

🗓️ 2 December 2024

⏱️ 42 minutes

🧾️ Download transcript

Summary

Would you believe there's a marketplace of millions of buyers eager for digital products for teachers — and it's not Etsy? Rob is a high school math and personal finance teacher at fieducator.com. He's built an impressive side hustle selling lesson plans and resources online at fieducator.store. Through the popular platform Teachers Pay Teachers, Rob has turned his passion for financial education into a growing business that regularly brings in $2,000 a month — and it’s been growing 40% a year. Tune in to Episode 644 of The Side Hustle Show to learn: How to find your niche on Teachers Pay Teachers Rob's $2k/month digital product business Rob's process for launching new products on FB groups Full Show Notes: $2k a Month in Semi-Passive Income on the Side New to the Show? Get your personalized money-making playlist here! Sponsors: Found — Stop getting lost in countless finance apps and try Found for free! Indeed — Start hiring NOW with a $75 sponsored job credit to upgrade your job post! Mint Mobile — Cut your wireless bill to $15 a month! Gusto — Get 3 months free of the leading payroll, benefits, and HR provider for modern small businesses!

Transcript

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0:00.0

Two grand a month in college semi-passive income on the side. What's up? What's up? Nick Olper here. Welcome to the Side Hustle Show, where we're breaking down legit ways to make extra money outside of your day job. Cool example of somebody doing just that this week. He's got a digital products business that doesn't rely on having an audience of his own. And it's been growing 40% a year, lately earning around

0:21.8

$2,000 a month. He's a high school math and personal finance teacher from fie educator.com.

0:28.5

Rob Feelein. Welcome to The Side Hustle Show. Hey, Nick. Thank you so much for having me.

0:32.4

Looking forward to it. Me as well. Stick around. We're covering how to come up with popular

0:37.0

slash profitable product ideas,

0:39.3

how to tap into a marketplace of millions of potential buyers, and lots more. Now, the marketplace

0:44.0

in question here is teachers pay teachers, which I know all the teachers in the audience will be

0:49.0

familiar with, but fun fact, you don't need to be a teacher to sell on there. So I want to talk through some of the

0:54.9

digital assets, some of the products that you've created and how you've grown that business.

1:00.2

Because I think it's a really cool. We talk a lot about digital products on Etsy, but hey,

1:03.8

that's not the only game in town. So I'm curious to dive into this platform. And maybe we start

1:08.2

off with, I imagine there's an 80-20 to product sales with everything

1:12.5

that you've created. Like, what are some of the best sellers here? What have you seen perform well?

1:16.3

I mean, I'm still always refining what that 80-20 is. And I think we're always trying to figure out,

1:20.4

like, well, what is that 20 that's going to account for all the 80% of everything that we make?

1:24.2

But what I'm finding is that teachers don't want shallow. They want deep,

1:28.3

they want quality. They want something that's going to be this amazing exchange of value.

1:31.9

And we know that that's like a core thing when it comes to creating any product or for any

1:35.5

business is that the customer has to feel like, yes, that was an amazing exchange of value.

1:39.0

And you as the seller have to feel like that was really worth my time as well. So I find with my store, I create personal finance

1:45.4

education products for teachers. So that is my niche. I'm very much focused on financial

1:50.2

educators, mostly in the high school space. And what I'm finding is that I don't want to create

...

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