« Side Hustle School

#1100 - Q&A: How can I turn furniture repair into passive income?

2020-01-05

This listener is already making money with her furniture repair hustle, but wants to turn it into passive income. What are her options? 

Side Hustle School features a new episode EVERY DAY, featuring detailed case studies of people who earn extra money without quitting their job. This year, the show includes free guided lessons and listener Q&A several days each week.

 

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Show notes: SideHustleSchool.com

Twitter: @chrisguillebeau

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This is an unofficial transcript meant for reference. Accuracy is not guaranteed.
Welcome to another episode of side, hustle school, twenty, slash, twenty question and answer edition. It isn't so fun to see all kind of questions coming in and hear about. All sorts of projects that our listeners are working on stuff today is Lister, has a successful furniture repair hustle, but wants to transition to a passive income stream. It is less time intensive, because you know the thing about furniture repair is it's kind of a a process there's no after that at least not yet she's, also wondering about impostor syndrome, which is something that I you're a lot about actually had several questions about this topic. Come in. I when I first asked our community. What's on your mind, you know open discussion. Ask me anything. Several people mentioned something about this, so I know it's a common struggle and will consider in this context, as Angela. Our listener is hoping to make some changes in both her life and work. So here is a sponsor message. Then we hear from her
hi there. This is Angela from Toronto. Seemed to show since here too, and have been listened to the episodes. I originally missed: on the other side, hustle, restoring and refinishing furniture, it's quite successful, but of course, reliant upon me sourcing then finishing, then someone each item: I'm trying to figure out a way to create a passive side to this hustle, but am intimidated and feeling the impostors.
Durham S Perma with urban, as many of my mentor on Instagram already have videos, ebooks, etc available. My question is how to overcome or work through this feeling and how to differentiate myself from a group of established experts thanks Kristen, I'm looking forward to hearing from you are, I think you Angela then it's like. We have two different issues here, you're connected of course, but two distinct issues, the first one is impostor syndrome and the second one is the business model of creating a passive income stream from this furniture. Restoration work, which she points out, is by definition time intensive. So for the first one imposture syndrome. My number one suggestion
at least in this case is to start paying attention to what everyone else is doing. She mentioned that you know she's got some and towards on Instagram and they can feel intimidating because she looks and not only do we have a lot of followers, but they also have all these courses out. They can do for a while now it seems like we gotta figured out, or at least they have a good revenue model. That's why my suggestion is to say: don't worry so much about that. You actually go out and take a step back like there's a time to follow other experts in your field and there's also a time to to say you know it now, it's my job Ok, it's not like I'm disagreeing are arguing with anybody necessarily, but I have a message to like it's my turn to put something for it, and so I want to focus on that in a lot of fields. Alot of topics I dont know the furniture repair world so well, but in a lot of topics it can be like an echo chamber out there and you don't necessarily to differentiate yourself from the established experts, because in the long run, you're not really trying to take from their audience you're trying to build your own, and so I can my case like read a lot of other business bucks. I read a lot of bucks. I try to be at least one book a week
but I don't need a lot of other business bucks. Listen to any other entrepreneurship focused podcast, that's partly because I don't want to overly influenced I'm trying to put forward my own message, but also because it might make me feel discouraged like it? Somebody and it happens. Sometimes I looked at them and, unlike while they ve got it all together- and you know they have so many more followers or whatever the metric is, or I can't believe that they can do this, and you know they ve got this really great business as well, whatever it is less a whole comparison thing. I just try to avoid it, so my encouragement is separate yourself from the echo chamber and asked what is your key message if someone came to your shop, you workshop for your home wherever you do the furniture repair and said: hey Angela, show me how to do this or what, Most important thing. I need to know about this particular topic. Maybe something really specific style a technique similar. How would you go about getting them, and that is key.
The second issue, which is basically how to go from where you are now to where you want to be and so asked for that revenue model. It sounds like it's going to be some form of education or instruction, that's just kind of what I take away from Angela's question when she mentions other people's ebooks courses, etc. It could be something for it by. I tend to think if you want to go to a passive income model from something that is manually intensive, it's not going to be a physical product is going to be something that broad world of education So if it were me, I would spend my time thinking about that, how we think about what is the best method, the best medium? What is the knowledge that I want to transfer and what is the best packaging for that, then? What is the best pricing for that and in four, whenever it is, I create how do I get it out to those people who might be interested it? That's our enemies, a lot of time on this year through many different examples,
alright thanks again, whenever you go to website to, let us know if we can share with people here and listen to. You have a question. If so, just come to Titus will school dot com questions, pretty simple, you can ask one and you might actually get an answer. We featuring these questions throughout the year, along with updates from people as they launched their projects. Today show notes are at us all: school dot com, slash eleven hundred one one: zero zero. We have turned it up Do one thousand one hundred classic Spinal tap fashion? Hope you enjoy this episode. Much more is on the way my name is crystal about. If this is side, hustle school. From the onward projects.
Transcript generated on 2020-04-23.