- In the previous video, I mentioned what is a recession
and how you can benefit from it.
So in this video, I'll be sharing seven side hustles
that I started during the 2020 recession
that has now generated me over half a million pounds
within two years.
I'd also like to quickly thank Osome
for sponsoring this video, but more on that later.
During a recession, the most important thing to do
is get some sort of cash flowing.
And this is the reason why I started looking
for a part-time job.
Yes, you may be wondering,
"Oh, but this isn't how you will become financially free
working for someone else and et cetera."
But you need to understand,
it is important to create a base when building your empire.
You need to lay the foundation.
Why are people looking for some other sources of income?
I mean, who am I to speak?
Look at them.
The idols of success who started their journey with a job.
Now, some may wonder why I chose a part-time job
instead of a full-time job?
Well, it's because it allowed me
to have more time to myself
to find better opportunities to make money.
I was only there to save me
from falling into the debt trap.
In my spare time, I used to look into different side hustles
and this is why part-time jobs are so good
as they allowed you to be more flexible.
But remember, do not get too comfortable.
You don't wanna stick around for so long.
Businesses need their operating systems to be running 24/7.
This is why when seeking for jobs during tough times,
try to find jobs that I need
regardless of the economic situation,
whether this may be a job at a grocery store
or as a receptionist/handyman.
For my part-time job, I only made 785 pounds a month
but it didn't bother me
as long as I made some quick cash to fund my side hustle.
It was truly the easiest way to make money at the start.
And if you have been trying to get a job
and are struggling in these tough times,
here's few things that I would recommend.
First, make sure your CV is up to date
and presented well.
Then simply go reach out to businesses
and explain how you can benefit them.
Also, make sure you look your best
as first appearance says a lot about a human
and their organization skills, so be ready.
Moving on to side hustle number two, freelancing.
So while I was working at the IT job,
I had plenty of time,
and I was actively looking to make more money
during the lockdown.
This is where my editing skills
that I learned in school came in handy.
As we all know, everyone was locked away in their homes
during the tough times in 2020.
This led to everyone being on phones
and scrolling on social media,
creating a massive search in content creation.
Everyone wanted to make money and started creating content.
I mean, look at the amount of influencers
that became famous during that period,
including me, I did,
but while this was going on,
behind the scenes, every content creator needed an editor.
And this is where I tried to make some quick cash.
I had listed as a freelance worker on Fiverr
and had gotten many requests to edit,
which allowed me to make a few hundred.
All I had to do was simply chop up some clips
and make them look good.
I was working from the comfort of my home.
So what more could I have asked for?
In the short span of freelancing, I made around 2000 pound.
It wasn't a lot, but for a month worth of extra income,
it was definitely worth it.
I had a friend who was doing the exact same
during the time period.
And he had made over 4,000 pounds within the first month.
The way he did this was by optimizing his seller account.
He made sure that when a customer came to look at his store,
he would look the most professional and unique one
of many that showed up next to him.
I mean, look at the amount of competition there.
I was a complete noob back then
and had small spelling mistakes
that were so unprofessional of me.
And maybe that's why I may have lost a few customers.
So if you're gonna start freelancing,
make sure your store looks presentable and professional
as that is the face of your whole side hustle.
Side hustle number three, Forex EA trading.
Before I talk too much about it,
I wanna give you a quick disclaimer,
that is, this side hustle is extremely risky.
So do it at your own risk.
While I was at my part-time job,
I was looking for side hustle
that can make me some quick money
so I can escape the rat race and become a millionaire.
And during the 2020 phase,
Forex trading was getting really popular
as it's known as a recession proof side hustle
where it doesn't matter how the economy is doing
because you can make money
when the market is going up or down.
So I decided to give it a try.
And within a month into trading,
I realized I can't sit in front of charts all day long
because I had a job and was at uni.
So I started researching for strategies
which can suit my lifestyle
where I don't have to keep on analyzing charts.
And that's when I came across the world of Forex robots.
They're also known as Forex EA
and is basically a fully automated system
that trades based on a specific type of trading strategy.
The better the strategy, the more profitable the robot.
It is super simple to set up a robot
as all you need is a trading account,
drag and drop the robot on it, and that's it.
You sit back, relax,
and see your money double or go to zero.
When I first started using the robot, I was very hesitant.
So I used it on a demo account with fake money.
And once I saw some potential,
I deposit 156 pounds into my trading account.
And within two weeks, I had made almost 1000 pounds from it
and that blew my mind.
So then I opened two more trading accounts
and deposit 500 pound into each of them.
And I doubled that too.
So in total, I made around 3000 pounds
by simply watching a YouTube video
on how to set up a robot
and spending some time looking for a good robot.
But after one and a half months of using it,
the robot did lose me around a thousand pound
which is when I came to a realization
that it's not a fully passive side hustle
as you do need to keep an eye on the trades it has open
just in case it blows your account.
Now, before we move on to the big income sources
where I have made most of my money during recession,
let me introduce you to Osome,
a dedicated e-commerce accounting firm.
They do all your accounting hassle free
and make sure you are up to date.
They also provide monthly reports
on how your business is performing.
And this is very important during a recession
as you're protecting yourself from the taxmen coming down
and knocking on your door.
They are very easy-to-use online platform
where you simply have to upload invoices
and the rest will be handled by them.
You can sign up right now using the link in the description
and get 110 pounds off on any package.
Now, back to the video.
Side hustle number four, courses/mentoring.
See, as we are moving into the new era of technology,
people are looking to learn online
rather than books or school.
And this report even shows
that the online education industry
will reach a staggering $585 billion by 2027.
And a great example of this
is Andrew Tate's Hustlers University,
which shows that people
are willing to learn from online courses
rather than paying insanely high university fees
for outdated information.
This is why when I was making money with the Forex robot,
I was also dabbling into content creation
where I was documenting how the robot was doing
on my TikTok and Instagram.
As I kept posting stories about the robot,
I started to get hundreds of DMs
asking if I could help them set up the robot.
And they were willing to pay
up to a hundred pounds just to set it up for them.
So I decided to make an in-depth guide
with every step on how you can set up the robot.
This is the exact same reason
for my Amazon FBA mentoring program.
I've been documenting my Amazon journey
on TikTok, Instagram, and YouTube for a very long time.
And I have always had people asking me to mentor them.
And so I created The 50 Day FBA mentoring program,
which is basically an eight-week program
where I teach you live via Zoom calls
and take you from knowing nothing
to knowing everything about Amazon FBA wholesale.
And if you wanna join The 50 Day FBA mentoring program,
then you can check the link in the description.
However, now I no longer have any courses I sell.
The only thing I offer is the mentoring for Amazon FBA
and the reason behind it
is because Forex EAs are super risky.
And even though you can make quick money,
you can also lose it.
And it's not really a skill you're learning.
For example, Amazon FBA is a skill
which can feed you for life.
But Forex trading is like gambling,
you may win or you may lose.
In total along the course and mentoring,
I have made 145,000 until now.
And I think I only made this much
because of, one, I have done Amazon FBA myself,
so I know what I'm talking about.
And, two, is that my Amazon FBA mentoring program
is not garbage.
I have over 55 5-star reviews on Trustpilot
by my mentees to prove this.
So if you have a skill which you have mastered,
then you can also monetize it
by creating a course on it and offer it to your followers.
And if you don't have a following,
use a platform like Udemy or Skillshare
and as long as you provide enormous amount of value,
you'll make good money through it.
Side hustle number five, content creation.
The reason why you should start content creation
is because you can easily branch out
and make more income sources through it.
I mean, look at big YouTubers like MrBeast
or the Sidemen who have used the influence
to start building big food chains
or have YouTubers like KSI
who are making millions through YouTube boxing
and it truly shows the power of content creation.
Now these are just the externals.
While creating content, you can make millions
through brand deals and YouTube ads,
but the catch here is that it takes time.
I mean, look at me.
I only started creating content
after watching countless videos of Gary Vaynerchuk.
I was simply documenting my entrepreneurial journey
in the hopes of inspiring other people
to start and learn from my mistakes.
But little did I know it would blow up
and allow me to gain a following.
Now, content creation isn't as hard as people make it to be.
It's simply making videos around things you love,
then posting it on your chosen platform.
All you need to make sure
is that you choose what niche you want to get into.
Look at me for example.
I used to document my journey
but then I started diversifying from TikTok to YouTube
where I started to make videos around money,
mindset, and entrepreneurship.
Now, the topics I was making the videos on
was something I was passionate about and had knowledge in.
And that is why people watched it.
But for the first six months of content creation,
I had made zero pound
because TikTok had no Creator Fund back then
and YouTube required 1,000 subscribers
and 4,000 watch hours.
However, I did not give up as I love making videos.
And within two years, I had made almost 250,000 pounds
through YouTube ads and brand sponsorships.
The best way you can find success in content creation
is, first, focus on building audience on one platform.
Then moving the audience onto other platforms.
Because if you split your focus between multiple platforms,
you'll see a much slower growth.
And I can talk from experience.
I didn't focus a lot on making quality YouTube videos
until I hit over 1 million followers on TikTok.
Side hustle number six, affiliate marketing.
I consider affiliate marketing to be recession proof
as businesses are seeking for more customers
during hard times, so it will never die.
It is on you to convince people to buy the products
so you can make some money, but do be ethical about it.
Only promote things that you genuinely think
will benefit people.
As we all know, during the lockdown,
Amazon sales grew out the roof
and the company's profit increased by 220%.
This was insane, but this was bound to happen
as shoppers had to buy online
as no one was allowed to step outside.
And this is where I decided to make money.
I checked out Amazon's affiliate program
called Amazon Associates.
I saw an article where a person
had made over $147,000 by simply sharing a link.
This was the power of affiliate marketing.
Now affiliate marketing is simply where a big company
like Amazon pays you to share their products to new users.
It's a marketing method
used by many companies to get more customers.
But the benefit is that the person
bringing in the customer also gets a commission.
So like I said, I started my affiliate marketing journey
by sharing Amazon products
like my YouTube recording gear in my YouTube description.
So when anyone clicked on the link and bought something,
I would make a small commission,
but where I made most of my affiliate money
was through eToro.
Remember when there was a massive bull run
going on last year?
I simply showed people how to get into the action
at their own will
and shared my affiliate link for them to start trading.
And every time there was a sign up, I got a commission.
Currently, I have a major brand that I work with.
And every time someone signs up using my link,
I make a small commission.
In total, I would say I have made around 50,000 pounds
just through commission.
Now, if you wanna get started with affiliate marketing,
I would highly suggest that you start making a following.
This could be through content creation.
The best platform at the moment is TikTok.
All you have to do is review products from a specific niche
like dog toys and put the link of the product in your bio.
So whenever a dog lover buys the product,
you will make a commission.
Similarly, you can start Facebook page
where you can build a community.
However, the hardest part of affiliate marketing
is to get that initial followers.
But once you have the following
and your affiliates are benefiting them,
then there's quite a bit of money you can make.
Side hustle number seven, Amazon FBA wholesale.
People will always be shopping online
as it's convenient and sometimes cheaper for them.
It doesn't matter what's going around the world.
And that is the reason why starting an online business
is always a great idea.
In 2020, as everyone was at home and could not go out,
they were shopping online.
And so I saw there was an opportunity
to sell my product online.
I first tried dropshipping
by launching my store through Shopify.
I ended up making no money through the store
because I realized I need to spend a lot more money
on Facebook ads so I can get visitors on my side
which put me off and I quit.
However, I did not give up.
And few days later, when scrolling on TikTok,
I came across a video of an old man
talking about Amazon FBA wholesale.
As soon as I finished watching the video,
I went on YouTube and started researching more into it.
I knew this business was perfect for me
because it was semi-passive
and sales on Amazon were growing rapidly
due to its Prime Delivery.
Now the way Amazon FBA wholesale works
is, first, you look for a product
that sell really well on Amazon.
Then you have to go and find it from a wholesaler
for a cheaper price, so you can resell it on Amazon.
What makes it semi-passive
is that once you've found the product
and sent off to Amazon,
then every time the customer orders the product,
Amazon will pick, pack, and ship it to them.
And what's even better
is that they will also handle the customer service.
So you don't even have to deal with the customer.
I probably started Amazon FBA wholesale in January 2021.
However, it took me almost three months
to be profitable and make money
because I did not know how to do product research
or analysis properly,
but I kept investing into myself through courses
and mentoring and I had mastered Amazon FBA wholesale
and I made almost 200,000 pounds in sales until now.
The way I got started with Amazon FBA
was by simply watching YouTube videos.
However, back then, there was hardly any videos
on Amazon FBA wholesale,
but now there are many on my channel,
which you can go watch and get started today,
if you wish to.
Would I recommend you buying a course
or mentorship to get started?
Well, the answer is, only if you are serious
and actually wanna start Amazon FBA wholesale.
Because if you just wanna try out,
then you can do that by simply watching my videos
because I know there's enough value
for you to just get started using my videos.
If you watch the entire video carefully,
I'm sure you have realized
that during any time in my journey,
I always tried to build more than one income source
at a time.
This is crucial in a recession,
as you never know your main source of income could stop.
You always need to follow the trend and adapt to situation.
Go watch this video to see my story
of how I went from being in debt
to living my dream life,
and make sure you don't forget to hit that like button
and subscribe, and I'll see you there.