Todayâs read time: 2 minutes and 25 seconds
Whatâs up party people! Weâre back with another side hustle idea!
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1. Business idea of the Week: Local Deal SMS Business
If you know me, you know that I love email newsletters.
But a great newsletter will only average around a 60% open rate and a 1-2% click-through rate.
Meanwhile, SMS (text messages) average a 90% open rate with a 19% click-through rate.
So instead of building an email list, why not try a text message list?
The idea: Create a local text list.
For this business, youâll collect a list of phone numbers from people in your local area, similar to how youâd collect emails for a local newsletter.
The texts that you send to the subscribers can feature local events or deals they can claim from local businesses.
Once your list is large enough, you can charge local businesses or events to advertise to your list.
This is a simple setup but will require work to get your subscribers.
Just like anything, youâll need to provide a ton of value to convince people to actually give you their phone number.
You can build a simple landing page with a tool like Carrd, and use a texting tool like Sender to send the messages.
On your landing page, you can offer something like âthe 5 best restaurants in x cityâ, which will be sent to them as soon as they input their number.
And since your open & click-through rates will be much higher than email, even a small list can be super valuable.
And thatâs a wrap!
2. Links I Like.
Teslaâs $300 million GPU cluster goes live on Monday - Sawyer Merritt
Get Smarter With Visual and Data-Driven News - Bay Area Times
Sales reps make more than their managers? - The Follow Up
3. A Short Video Side Hustle
If youâre reading this newsletter, youâre probably familiar with short-form videos taking over Instagram, YouTube, and TikTok.
But you might be wondering⊠how can you make money with short-form videos?
Well⊠thereâs a lot of different ways. YouTube, TikTok, and Facebook will pay you when your videos get a ton of views, or you can funnel your viewers to another business like a newsletter sign-up.
But chopping up videos into shorts takes a lot of time, and it can get expensive to pay a video editor.
Luckily for us, AI makes this a whole lot easier.
Tools like opus.pro will take any long-form video you feed it, and automatically chop it into smaller clips for you.
So hereâs how this goes.
Pick a niche â create social media accounts on short-form platforms â feed Opus long-form videos in your niche â post 2-3 times per day â watch the views stack up â print.
And thatâs a wrap!