Part 1: I Quit My Job For These Side Hustles

GM, SideNerds 🤓

You might have noticed yesterday was a little quiet.

That's because… I quit my full-time job… to work on my side hustles!

Hungry for the deets?

Keep scrolling 👇

Side Hustle #1

⚒️ Niche: AI Photo Generator
🚀 Opportunity size: $972,000/YR
💵 Initial cost: $8,000
🧩 Difficulty: Medium
🏆 Competition: Medium/Low

Why Did I Kiss My Job Goodbye for This Side Hustle? 🤔

1. The demand is real. With over 66,790 monthly searches for just a single related keyword and a competition that isn’t overwhelmingly saturated, the potential is palpable.

   

2. $8K got me a ticket aboard the AI photo generator niche with a product ready to hit the market. Plus, an inherited dev team backing me up.
   

3. The competition’s been able to grow their traffic 10X in 10 months -> signalling there’s a huge need in the market for this niche.
   

Let’s Talk Return on Investment 💰

To break even on $8,000 investment with a product priced at $29, I'd need to make around 276 sales.

While the CPA remains an unknown for now, plan is to lean into the power of platforms with low CPC (Cost-Per-Click) and high CPM (Cost-Per-Thousand). Think: Facebook, Instagram, TikTok, and YouTube.

Growth Strategies in the Works 🚀

Programmatic SEO: In layman's terms, programmatic SEO is about creating content at scale to target a vast array of relevant keywords. It can rapidly increase traffic by capitalizing on less competitive yet high-value search queries. It’s an under-utilized strategy but can be a game-changer when executed right.

Supplement Programmatic SEO Traffic with Paid Acquisition: Using platforms like TikTok, Instagram, YouTube, and Facebook allows for a broader reach at a fraction of the cost. Social media advertising not only provides an extensive reach but also offers targeted visibility. The average CPAs on these platforms are generally more affordable, making it ideal for startups aiming to maximize their outreach without burning through their budgets.

Affiliate Marketing: Think of it as leveraging the clout of others to sell your product. For every sale made through an affiliate's recommendation, they get a commission. It's a win-win! As per Justin Welsh's strategies, the power of affiliate marketing lies in its low conversion costs and vast networks of passionate affiliates.

Here’s A Thought…

How about making this journey a shared one? I'm considering pulling back the curtain to give you all a firsthand look at the evolution of my side hustle. From the investments I make, the growth strategies that win and fail, to the outcomes and lessons learned - I want to share it all!

Your feedback, insights, and shared experiences can not only benefit me but also our tight-knit community of SideNerds.

Until next time.

Stay curious, SideNerds! 🚀

P.S., Side Hustle #2 Drops on Monday…