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Speaker 1: Hey, Hey, hey guys, It's me Tiffany and it's Manjo.

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Speaker 1: We just want to say thank you guys. You guys

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Speaker 1: are amazing thanks to you. Since we started our podcast,

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Speaker 1: it was just me and Mandy listening to ourselves to

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Speaker 1: now we get over one hundred thousand downloads a month,

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Speaker 1: and I know it seems like that's awesome, but we

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Speaker 1: can do even better.

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Speaker 2: And we have a favor to ask, just.

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Speaker 3: A tiny favor, if you could please share our show.

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Speaker 3: Share it on your social media. You can tag us

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Speaker 3: at Brown Ambition Podcast. Take a screenshot of the show

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Speaker 3: that you're listening to and share it on Twitter, on Insta,

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Speaker 3: on Facebook, tell a friend to tell a friend. You

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Speaker 3: can tag us on social media. We're at Brown Ambition

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Speaker 3: Podcast on Insta, at the BA Podcast on Twitter, and

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Speaker 3: of course our Facebook group. You can find us under

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Speaker 3: Brown Ambition. Don't forget to tag our personal handles too.

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Speaker 3: On Insta. I'm at Mandy Money, Mandy with an Eye,

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Speaker 3: and Tiffany is at the Budget Nista. When you tag us,

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Speaker 3: we will share your post and help amplify it even further.

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Speaker 3: Thank y'all for all the love this is just going

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Speaker 3: to help us give us that little extra brown boost.

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Speaker 1: Hey, hey Hazy, hey hey, he switched it up for you.

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Speaker 2: You know, I said, let me bring it back to

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Speaker 2: nineteen ninety seven.

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Speaker 3: It's summer. It was ninety degrees today, so you know what,

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Speaker 3: why not we need some easy up in here.

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Speaker 2: I know, Hey, Mandra, how are you?

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Speaker 4: Hey?

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Speaker 3: I am doing well, so excited about today's show?

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Speaker 4: Me.

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Speaker 2: Does you see what I did there?

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Speaker 3: I did Yo and tiendo Moibean. We have an amazing

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Speaker 3: guest on today show. You want to talk about this, Sandy?

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Speaker 1: Yes, Honestly, I think I'm trying to think where did

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Speaker 1: I meet Sandy? I think I met Sandy when I

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Speaker 1: met I think I'm met her online first, but then

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Speaker 1: I went to my first you know conference as shall

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Speaker 1: but I'll not be named, like six or seven years ago,

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Speaker 1: and she was there, one of the few brown faces,

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Speaker 1: and she was just warm and welcoming and Sandy. I

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Speaker 1: don't know that.

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Speaker 2: I honestly don't know anyone that doesn't like love Sandy.

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Speaker 3: She has such a good energy, gives yet hugs, which

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Speaker 3: I know you probably don't love about her, but I

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Speaker 3: personally love a good Sandy hug.

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Speaker 2: She is just so giving. I don't know that I've

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Speaker 2: ever asked anything of Sandy and she hasn't said sure girl.

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Speaker 1: And so Sandy, I originally met her through her brand,

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Speaker 1: Yes I Am Cheap, which is the brand she still has.

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Speaker 1: You know, it's all about frugalness and living simply, but

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Speaker 1: she has since evolved into a couple of other things.

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Speaker 1: She is like the go to for all things side hustle.

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Speaker 1: Literally we call her side Hustle with Sandy because my

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Speaker 1: dreamcatchers love Sandy and when she comes to teach them

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Speaker 1: about working from home making extra money, Sandy also gives

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Speaker 1: great advice about how to make extra money at your

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Speaker 1: current job. And then two we talked about Sandy. I

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Speaker 1: think last episode about her Elevate conference, which is specifically

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Speaker 1: for black and brown financial educators and podcasters and bloggers

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Speaker 1: to have a safe space to share, you know, their

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Speaker 1: experiences teaching their community. So Sandy's just all around amazing.

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Speaker 1: So I'm excited she's a guest on the show.

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Speaker 3: I feel like we manifested her because as soon as

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Speaker 3: that show wrapped, I was like, Sandy, you fro ant

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Speaker 3: ambition now she said, okay, finally she was ready. We

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Speaker 3: were ready. Love it. Well, that interview is coming up

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Speaker 3: later on the show. Y'all, can we talk about the

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Speaker 3: stock market real, real quick like because I feel like

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Speaker 3: blah blah blah. Another record high for the S and

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Speaker 3: P five hundred today. I was looking at my four

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Speaker 3: and one K, which I try not to do. I

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Speaker 3: don't want to like jinx anything. But I was looking

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Speaker 3: at my four one K and I'm in my separate

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Speaker 3: Broke Ridge account, and I'm like, hell, yes, y'all, just

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Speaker 3: stay the freaking course. I'm so glad. Even Homeboy you

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Speaker 3: hear Rio, he's very excited for mommy. He's like, yes, Mommy,

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Speaker 3: I want to go to a very good college. Yeah,

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Speaker 3: I'm just feeling like, you know, people were so scared

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Speaker 3: because it was quite scary. I mean, my my investments

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Speaker 3: were down because I'm still like really really like ninety

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Speaker 3: percent in the market with all my investments. I'm a

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Speaker 3: frugal saver, but I'm a I like to aggressive investor

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Speaker 3: because I know, I just I don't know I had

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Speaker 3: the stomach for it. I guess I built the stomach.

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Speaker 3: But yeah, things were down thirty percent. I was like

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Speaker 3: I had to tell Husby, stop stop looking at your

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Speaker 3: stop looking at your selling.

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Speaker 2: I remember that there was like March, was that March

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Speaker 2: when things were down?

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Speaker 3: Yeah, March April was when things really hit it. But

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Speaker 3: I actually, I think I was contributing ten percent. This

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Speaker 3: is just my four one k. I was contributing ten

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Speaker 3: percent from.

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Speaker 2: Each pay period.

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Speaker 3: And then when I realized what I was saving by

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Speaker 3: not commuting, not eating out every day, I went in

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Speaker 3: and I was like, I can afford to double my savings.

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Speaker 3: So I started kicking in twenty percent of my paycheck

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Speaker 3: into my retirement and then I was like, this feels great.

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Speaker 3: This is the right thing to do. It's so hard

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Speaker 3: emotionally to tell yourself what to do because you know,

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Speaker 3: on paper it's like buy low and sell hi.

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Speaker 2: Hi.

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Speaker 3: And I was like, just listen to your own advice, Mandy,

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Speaker 3: Like this is a clearance sale. You got to get

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Speaker 3: in and get that clearance. But it's it's now that

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Speaker 3: the market's you know, bounce back, and then some I'm

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Speaker 3: so I'm feeling kind I'm kind of feeling myself.

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Speaker 2: I don't know, like I hope that is.

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Speaker 1: I mean, and I know there's some people who are

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Speaker 1: like because a lot of my friends invest in individual

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Speaker 1: stocks and that can seem scary for some of y'all,

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Speaker 1: but you don't have to, Like, you can literally invest

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Speaker 1: in the market via an index fund. So they're like

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Speaker 1: S and P five hundred. There's there are ETFs which

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Speaker 1: are like they're like a basket of stocks that you

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Speaker 1: can trade on the market. Or you can use a

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Speaker 1: mutual fund where you could just say, oh, I'm going

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Speaker 1: to put two hundred bucks a month into this mutual

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Speaker 1: fund that mirrors the market, which is an index fund,

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Speaker 1: so you can find so you can say S and

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Speaker 1: P five hundred ETF symbol or mutual fund s and

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Speaker 1: P five hundred, and you can literally just invest in

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Speaker 1: in that index. And what's so awesome about it is

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Speaker 1: that the S and P five hundred is the top

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Speaker 1: five hundred companies that are traded in the United States.

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Speaker 1: So when things are up, like Mandy said, your money

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Speaker 1: is up, and when things are not so up, the

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Speaker 1: truth is you can actually just put more money in

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Speaker 1: because over time, history has shown us that the market

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Speaker 1: goes up over time. Even if it dips, it eventually

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Speaker 1: finds its way back up again. So those are two

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Speaker 1: easy ways mutual funds and ETFs to start investing without

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Speaker 1: having to pick individual fots, which most people are not

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Speaker 1: good at anyway.

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Speaker 3: Yeah, and I feel like we always get and personally,

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Speaker 3: I don't have my Teani and I talk about our

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Speaker 3: little robinhood accounts. You know I do have. I think

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Speaker 3: I have some stock in Chewy dot com because I

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Speaker 3: love Chewy dot com personally for my dog stuff. If

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Speaker 3: you have a pet, you probably know Chewy. But anyway,

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Speaker 3: that's not the main That's not where I put most

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Speaker 3: of my investments. My main investments consisted of like a

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Speaker 3: target date fund that I got way back in like

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Speaker 3: twenty thirteen, which I've since traded into. Just I just

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Speaker 3: selected my own index funds. But I am an index

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Speaker 3: fund girl all the way. And my husband and I

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Speaker 3: were arguing back and forth about the difference between ETFs

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Speaker 3: exchange traded funds and mutual funds, and it was so

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Speaker 3: funny we're both saying the same thing. But Tiffany, you

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Speaker 3: nailed that. The big difference is an ETF you can

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Speaker 3: trade it during the day, so if you have time

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Speaker 3: and you want to trade one TF for another, you

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Speaker 3: can do that. But with a mutual fund or an

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Speaker 3: index fund, you can only you only going to be

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Speaker 3: able to sell that index fund for the price it

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Speaker 3: hits at the market closes. But that's fine because for

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Speaker 3: most index funds savers, you know, we're not in this

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Speaker 3: for the daily ups and downs of the market. We're

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Speaker 3: in it for the long haul. Like if the market

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Speaker 3: goes up or down, I'm not selling my funds. And

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Speaker 3: that for me is my strategy. It's a long, long

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Speaker 3: term strategy. You know, I understand if people want to

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Speaker 3: be selling, you know, buying and selling stocks or ETFs

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Speaker 3: during the day, if that's what you're into and you

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Speaker 3: got the time, cool cool cool. But for me, you know,

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Speaker 3: and I think a lot of you know, long term investors,

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Speaker 3: index funds are cheap, they're very easy, and you can

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Speaker 3: get them through any from many, many different brokerage accounts.

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Speaker 3: We talked about Vanguard Fidelity, Charles Schwab. I mean even

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Speaker 3: on Robinhood you can you can.

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Speaker 2: Do not mutual funds on Robinhood ETFs.

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Speaker 3: And I was looking recently. You know, Tiff and I

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Speaker 3: are fans of Ally. We talked about they have they

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Speaker 3: are all these you know, a lot of banks are

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Speaker 3: now getting into investments, and you know, you can invest

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Speaker 3: through Ally, but I saw that they charge they do offer.

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Speaker 3: You can buy you can commission free trades for stocks

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Speaker 3: and ETFs, but nine ninety five to trade mutual funds.

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Speaker 3: So no, thank you, ma'am. Yeah, no, you want to

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Speaker 3: look for Yeah, you want to look for brokerage accounts

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Speaker 3: that have lower no commissions if you plan on trading,

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Speaker 3: you know, even a little bit, and especially if you

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Speaker 3: plan on trading frequently, and then look for you know,

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Speaker 3: shop around and look and see which brokerage account you

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Speaker 3: know you think appeals most to the way that you like. Honestly,

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Speaker 3: it really comes down to the look, feel and the

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Speaker 3: brand because they're very similar at the end of the day.

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Speaker 3: I've used Vanguard and the and the price.

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Speaker 1: And because you want to look for that that expense ratio,

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Speaker 1: which is really just the pride the feed that they're

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Speaker 1: charging you on your on your on your total portfolio.

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Speaker 1: So if you like, for example, vanguards like point zero

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Speaker 1: zero nine percent, point zero nine percent or something like that,

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Speaker 1: child Shwaw might be point zero seven, somebody else might

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Speaker 1: be point might be one point five.

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Speaker 2: We don't like those.

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Speaker 1: So you're you're gonna want to look for an expense

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Speaker 1: ratio that is low. It means the percentage they're going

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Speaker 1: to charge you on what you've invested with them, So

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Speaker 1: obviously the lower the better. Now, being mindful that if

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Speaker 1: something is actively if someone has an active or a

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Speaker 1: fund has an active manager, meaning someone a person that

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Speaker 1: is picking stocks and manipulating stocks and picking bonds or

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Speaker 1: whatever it is that's in the fund for you, know

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Speaker 1: that the expense ratio is going to be higher because

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Speaker 1: the purpose of that fund is to beat the market,

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Speaker 1: although statistics show rarely does fund fund managers beat the

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Speaker 1: market on a consistent basis, But just know that that

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Speaker 1: that the purpose of that is to beat the market.

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Speaker 1: An index fund is different. The index fund is literally

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Speaker 1: there to match the market. It's supposed to say that

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Speaker 1: S and P. Five hundred, the top five hundred companies

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Speaker 1: went up to, your fund went up to, it went

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Speaker 1: down to your fund went down to. So some people

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Speaker 1: like to pay the extra money for an actively managed

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Speaker 1: fund because they're hoping to beat the market. But like

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Speaker 1: I said, you know, studies and statistics have shown that

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Speaker 1: rarely do fund managers beat the market consistently year after

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Speaker 1: year after year after year after year. That for me,

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Speaker 1: I just like index funds because I'm like I'll just

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Speaker 1: match the market. Let the market go up and I

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Speaker 1: go up, and when it goes down, I go down.

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Speaker 1: But over time, I know I go.

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Speaker 3: Up, yeah, one thousand percent. And remember're talking to Sandy

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Speaker 3: a little bit later about side hustles and additional sources

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Speaker 3: of income in order to build wealth. But you know,

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Speaker 3: for me, nothing beats that stock market. I love it

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Speaker 3: and it's so fun. I mean, time is the only

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Speaker 3: thing you have to you have to accept like it's

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Speaker 3: going to take time to see gains and to see

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Speaker 3: yourself bounce back from any lows. But you know, I've

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Speaker 3: got a decade where I've been in the market now

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Speaker 3: a little under a decade, and I've I've gone through

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Speaker 3: two recessions now, I mean the Great Recession and then this.

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Speaker 4: Can are we calling it a recession?

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Speaker 2: What is this?

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Speaker 3: It's like a crisis, but not a crisis because the

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Speaker 3: market is oh.

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Speaker 1: It is technically, I mean now the markets up, but

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Speaker 1: it is even though the market is up, it doesn't

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Speaker 1: mean that the economy is up.

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Speaker 2: It's two separate things.

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Speaker 1: So we are still technically in a recession because we

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Speaker 1: still have seen slow down and job growth in exports,

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Speaker 1: not exports, but like, uh, the economy has been down

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Speaker 1: in JDP it has been yeah, our GDP, so.

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Speaker 2: So yes, we are still.

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Speaker 1: We are technically in a session, even though the market

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Speaker 1: would not suggest it. And that's what confuses people because

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Speaker 1: they're like, well, we're doing good. It's like economy is down,

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Speaker 1: market is up. Because the economy is based upon actual

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Speaker 1: money and jobs and things flowing out or in to

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Speaker 1: this country.

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Speaker 3: Reality.

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Speaker 2: Yes, I was going to.

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Speaker 1: Say, it's based on facts, no printer, whereas the market

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Speaker 1: it's all emotion. It's just I feel a thing, I

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Speaker 1: buy a thing, I react to a thing. So I

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Speaker 1: don't want you to look at the stock market and

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Speaker 1: think everything is amazing. That's just feelings. The economy is facts,

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Speaker 1: and the facts show I think I was being statistics

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Speaker 1: like it was like one in four people basically are

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Speaker 1: defunct on their mortgage, you know, like they were like

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Speaker 1: they applied for that mortgage assistance, so they have not

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Speaker 1: paid since the Cares Act was passed. And so with

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Speaker 1: that being said, that's the worry because it's like, well,

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Speaker 1: if people are not paying their mortgage, if people are

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Speaker 1: still have not gone back to work, if people are

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Speaker 1: still not making the income they were making before. That's

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Speaker 1: the economy, that's the real meat and potatoes. And although

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Speaker 1: the stock market, which is great, which is the dessert,

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Speaker 1: it doesn't really tell the full picture. So you just

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Speaker 1: want to be mindful how you navigate, and that you

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Speaker 1: still want to be mindful that we are still in

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Speaker 1: a recession and we still could see potentially the ripple

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Speaker 1: effects of like people not working and not paying for

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Speaker 1: things like their mortgage, and that what is that going

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Speaker 1: to look like a year or two years from now?

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Speaker 2: Are we going to have a whole bunch of people

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Speaker 2: who are.

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Speaker 1: Foreclosing or is the you know, our our federally back

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Speaker 1: mortgage is going to come up with another program to

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Speaker 1: help people. I don't know, but you know, don't be

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Speaker 1: fooled by just the market. That's you know, that's the

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Speaker 1: long flowing hair, but that hair is a weave, it's

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Speaker 1: not her.

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Speaker 3: And one last notice, you know, I talk about staying

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Speaker 3: the course, but it's really about staying your course. Like

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Speaker 3: you are the only person who knows your own circumstances,

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Speaker 3: your own goals, your own time horizons. So if you're

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Speaker 3: listening right now and you're nearing retirement, I mean I

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Speaker 3: personally am fine being you know, like ninety percent in

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Speaker 3: the market right now. Because I'm thirty three years old,

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Speaker 3: I imagine I'll be working for at least another twenty,

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Speaker 3: you know, years, and I've got time to recover from

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Speaker 3: a dip. But if you haven't been rebalancing, you know,

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Speaker 3: we talked to this before. The people who truly get

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Speaker 3: slammed during times like this and hurt, like, you know,

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Speaker 3: really hurt sonistic is when they don't rebalance your portfolio

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Speaker 3: to be a little bit less risky so that when

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Speaker 3: there's these big dips in the market, they're not getting

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Speaker 3: hit because you know, you've got your investments more in

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Speaker 3: conservative things like bonds, which you can also get bond

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Speaker 3: ETFs and mutual funds and all that. So definitely, like

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Speaker 3: if you're if you're listening to us, like we are

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Speaker 3: excited because you know we've got some time we're in

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Speaker 3: the market, et cetera. But you've got to do what

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Speaker 3: works for you. You would definitely consult the financial advisor

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Speaker 3: a financial planner if you need that extra help figuring

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Speaker 3: out what your strategy is. But I say, once you've

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Speaker 3: got it, just just stick to the course and that's

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Speaker 3: the best. You know that you can do.

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Speaker 1: Yes, And so you're not gonna hear Stu wins at

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Speaker 1: the end because, quite honestly, the fact that we have

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Speaker 1: Sandy on the show, that's our win.

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Speaker 3: That is the win. You're welcome. Well, let's take a

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Speaker 3: break now and we will come back with our interview

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Speaker 3: with Sandy Smith, the side hustle Queen. She's going to

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Speaker 3: talk about not just great side hustles anyone can do

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Speaker 3: while working at home these days, but also how to

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Speaker 3: do it realistically, how to treat it like a business,

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Speaker 3: and how to actually market the products and get people

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Speaker 3: to buy them. So stay tuned for our interview with Sandy.

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Speaker 2: So I'm excited, You're excited, Mansard's excited.

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Speaker 1: We're all excited because we have the one, the only

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Speaker 1: Sandy Smith. Formerly are currently of Yes I Am Cheap,

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Speaker 1: but more importantly of side hustles with Sandy. We have

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Speaker 1: been teasing you with Sandy since the very beginning of

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Speaker 1: the podcast, and we finally wrangled her in today to

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Speaker 1: talk to you all about ways that you can make

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Speaker 1: money working from home. Honestly, Sandy's just a delight. She

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Speaker 1: does so many things. She is If you guys ever

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Speaker 1: watched Clarence or The Godfather on Netflix. That's what she

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Speaker 1: is too, black and brown finance, so she is our

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Speaker 1: go to. She is the creator of Elevate, which is

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Speaker 1: a group of black and brown financial educators and writers

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Speaker 1: and bloggers. And Sandy's just amazing, So we're happy to

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Speaker 1: have her.

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Speaker 2: Thank you for joining me.

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Speaker 1: I feel like I've been here every episode because I'm

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Speaker 1: always playing guys in the car. I feel like I'm

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Speaker 1: sitting here with you and Mandy having a whole kiky

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Speaker 1: going on. So I'm like, oh, this is my like,

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Speaker 1: you know, fiftieth appearance.

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Speaker 3: I mean, Sandy, you were there from the very beginning

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Speaker 3: when tiff and I met it at fin Con. I

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Speaker 3: remember that was the first time I realized that that

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Speaker 3: was the beginning of Elevate, right.

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Speaker 1: It was the expansion of Elevate. Eleva had been around

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Speaker 1: for like a year or two before that, but it

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Speaker 1: definitely expanded.

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Speaker 2: Then.

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Speaker 1: That's when it really formalized in my head what I

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Speaker 1: really wanted to do.

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Speaker 3: Well, what I love most about you, Sandy. And this

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Speaker 3: is something Tiffany and I have been talking a lot

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Speaker 3: more lately. It's about how to get past that stage

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Speaker 3: of saving and scrimping and paying down things and really

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Speaker 3: get into more of a phase of building wealth. And

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Speaker 3: what I love about you especially is that you know,

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Speaker 3: you talk about side hustles, but you don't talk about

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Speaker 3: it like, you know, come home from you nine to five,

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Speaker 3: work a side hustle, stress out, you know, just like

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Speaker 3: you're really into the idea of encouraging and helping people

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Speaker 3: build wealth and building it through passive income streams. So

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Speaker 3: I just want to dive right in. Can you tell

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Speaker 3: us about your journey, Like, what were some of the

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Speaker 3: early side hustles you as Sandy Smith. What was the

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Speaker 3: first time you started to realize, oh, I could make

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Speaker 3: some money on the side with very you know, with

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Speaker 3: some upfront costs, but you know, have passive income. And yeah,

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Speaker 3: tell us how that all.

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Speaker 4: Started for you.

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Speaker 1: So huge disclaimer, I'm Jamaican, so you know, okay, you

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Speaker 1: always have to have tree jobs at least, right, So

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Speaker 1: my first job, as always your parents will tell you

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Speaker 1: if you are from the Caribbean or if you're from Africa,

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Speaker 1: your first job is being a student, right, one hundred

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Speaker 1: and ten percent being a student.

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Speaker 2: And then so it started for.

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Speaker 1: Me actually while I was in college because my mom

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Speaker 1: had filed bankruptcy the year that I was going to college,

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Speaker 1: and I had a full academic scholarship to go to

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Speaker 1: Xavier University, but I couldn't afford to take out enough

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Speaker 1: laws to pay for my room on board. So the

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Speaker 1: first year, my aunt helped me out with that, and

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Speaker 1: then afterwards I was like, I had to give up

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Speaker 1: the scholarship because I couldn't afford the rooman board. So

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Speaker 1: I came back to New York and I was like, Okay,

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Speaker 1: tuition's actually a lot of money and I needed to

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Speaker 1: supplement my income. So it actually started way back in

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Speaker 1: the ice age in the nineties. Side mustling for me,

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Speaker 1: So time.

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Speaker 3: To go, well, pre internet kind of okay, how old

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Speaker 3: do you think I am?

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Speaker 4: I mean, you know.

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Speaker 3: The internet was around, but it wasn't like in every household.

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Speaker 1: Yeah, it wasn't because it wasn't the So Sandy, what

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Speaker 1: is your I mean, I know, but I think the

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Speaker 1: audience would love to know what's your biggest like side

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Speaker 1: hustle claim to fame, Like when you made like the

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Speaker 1: biggest bucks.

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Speaker 2: In the shortest period of time? What was that and

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Speaker 2: how much was it?

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Speaker 3: Yeah?

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Speaker 1: That was definitely when I was on Amazon really really heavy,

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Speaker 1: and a couple of my products went viral. I was

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Speaker 1: doing coffee munths at the time, which is like the

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Speaker 1: most mundane thing, right, and I ended up taking all

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Speaker 1: of my vacation time to fulfill my orders. So you know,

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Speaker 1: I had a regular job and still had to do that.

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Speaker 1: And I think it was I made like sixty seventy

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Speaker 1: thousand dollars that month selling these coffee bunks. We could

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Speaker 1: not keep up with the orders. So that was like

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Speaker 1: my aha.

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Speaker 4: But but I still didn't quit my job.

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Speaker 1: I wasn't crazy. I still had my job and this

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Speaker 1: was a side thing. So imagine making that much money

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Speaker 1: on the side.

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Speaker 4: Wow.

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Speaker 2: Man, I paid off.

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Speaker 4: I paid off everything.

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Speaker 3: So this was so to talk about how the internet

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Speaker 3: because everythink I think that they're you know, another thing

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Speaker 3: that is great about Sandy as you acknowledge the fact

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Speaker 3: that there are some like Scammy. There's a lot of

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Speaker 3: work from home, like there's so much and they often

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Speaker 3: target black and brown communities especially.

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Speaker 1: I found them when I was like eighteen, nineteen, twenty

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Speaker 1: twenty one. I felt for a lot of them. So

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Speaker 1: I say, I've been the guinea pig so that you

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Speaker 1: don't have to make the same mistakes that I've made,

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Speaker 1: because now I can smell a scam ten miles away

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Speaker 1: because I've fallen for them before, right, and everything old

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Speaker 1: is new again. So I think some of the most

438
00:21:10,440 --> 00:21:12,920
Speaker 1: popular ones right now, especially because there's so many people

439
00:21:12,960 --> 00:21:16,720
Speaker 1: out of work, is the fake, definitely work from home scam.

440
00:21:17,080 --> 00:21:20,119
Speaker 1: And the most dangerous one that I can think up

441
00:21:20,160 --> 00:21:22,040
Speaker 1: off the top of my head that I've warned people

442
00:21:22,080 --> 00:21:25,359
Speaker 1: about a million times is the one where they pretend

443
00:21:25,400 --> 00:21:27,520
Speaker 1: you're getting a legitimate jobs. Of course you send all

444
00:21:27,560 --> 00:21:30,960
Speaker 1: this personal data, right, and that's like a big thing.

445
00:21:31,480 --> 00:21:34,320
Speaker 1: But the second part that's really dangerous is where they

446
00:21:34,320 --> 00:21:38,040
Speaker 1: start sending you packages and you're supposed to be like

447
00:21:38,480 --> 00:21:42,920
Speaker 1: quality control or you're repackaging the things and shipping them

448
00:21:42,920 --> 00:21:47,440
Speaker 1: somewhere else, and clearly those products are from stolen gains.

449
00:21:48,240 --> 00:21:53,040
Speaker 1: Usually sometimes they may contain illegal items, but most of

450
00:21:53,080 --> 00:21:56,119
Speaker 1: the time it's from somebody else who scammed somebody, and

451
00:21:56,160 --> 00:22:00,520
Speaker 1: they're washing the money by buying products laptops, electronics, sending it.

452
00:22:00,480 --> 00:22:01,639
Speaker 4: To your address.

453
00:22:02,119 --> 00:22:05,000
Speaker 1: You're repackaging, and you're sending it to like a drop

454
00:22:05,040 --> 00:22:07,680
Speaker 1: box or something, you know, someplace else. You think you're

455
00:22:07,680 --> 00:22:09,960
Speaker 1: doing a job a real job that you're can get

456
00:22:10,000 --> 00:22:13,359
Speaker 1: paid for and now you're out of your personal identification

457
00:22:14,040 --> 00:22:15,920
Speaker 1: and the postal police are probably going to knock on

458
00:22:16,000 --> 00:22:16,879
Speaker 1: your door very quickly.

459
00:22:17,400 --> 00:22:19,360
Speaker 2: Wow, yikes.

460
00:22:19,400 --> 00:22:22,160
Speaker 3: So what are some legitimate work from home? Because you're

461
00:22:22,200 --> 00:22:24,200
Speaker 3: right this at this time in our country, I mean

462
00:22:24,320 --> 00:22:26,800
Speaker 3: this is when I mean your ears must be on fire.

463
00:22:26,840 --> 00:22:29,760
Speaker 3: People must be hitting you up every day because if

464
00:22:29,760 --> 00:22:31,960
Speaker 3: you're not out of work, I think there's this new

465
00:22:32,040 --> 00:22:36,000
Speaker 3: found like vigor and interest in Okay, maybe I maybe

466
00:22:36,040 --> 00:22:39,080
Speaker 3: we we skated by with this recession or for calling

467
00:22:39,119 --> 00:22:41,480
Speaker 3: it a recession, you know, the market downturn, but we

468
00:22:41,520 --> 00:22:43,440
Speaker 3: really need to start thinking about how can we build

469
00:22:43,480 --> 00:22:45,679
Speaker 3: wealth and how can I do that while you know

470
00:22:45,880 --> 00:22:48,520
Speaker 3: with my full time job. So what are some legitimate

471
00:22:48,560 --> 00:22:51,920
Speaker 3: ways you have you yourself, have you know, earned money

472
00:22:51,920 --> 00:22:54,840
Speaker 3: on the side or you feel like, is you know

473
00:22:54,920 --> 00:22:57,480
Speaker 3: something that is accessible to people today who are maybe

474
00:22:57,560 --> 00:22:59,840
Speaker 3: juggling you know, one or two jobs at home plus

475
00:23:00,280 --> 00:23:01,200
Speaker 3: and all this craziness.

476
00:23:01,359 --> 00:23:03,120
Speaker 1: Yeah, you might hear my two year old screaming at

477
00:23:03,119 --> 00:23:06,160
Speaker 1: some point. So a couple of months ago I thought

478
00:23:06,200 --> 00:23:07,720
Speaker 1: about this. I was like, you know, this is going

479
00:23:07,800 --> 00:23:10,359
Speaker 1: to run for a long time, and it's going to

480
00:23:10,400 --> 00:23:12,880
Speaker 1: affect a lot of people before it's finally over and done.

481
00:23:12,880 --> 00:23:16,480
Speaker 1: So what can you really do at multiple skill levels

482
00:23:16,480 --> 00:23:18,920
Speaker 1: from home? And I think I can go back now

483
00:23:18,960 --> 00:23:20,520
Speaker 1: and say a couple of the things that I pointed

484
00:23:20,520 --> 00:23:23,160
Speaker 1: out as being big are actually that big.

485
00:23:23,359 --> 00:23:24,440
Speaker 4: So big time.

486
00:23:24,560 --> 00:23:28,160
Speaker 1: We all know tutoring if you have a kid at

487
00:23:28,160 --> 00:23:32,119
Speaker 1: home and you're not everyone's not a teacher, right and

488
00:23:32,280 --> 00:23:35,639
Speaker 1: you might be struggling with your kids homework. I probably

489
00:23:35,640 --> 00:23:39,320
Speaker 1: would struggle with my two year old's homework. Online tutoring

490
00:23:39,440 --> 00:23:44,400
Speaker 1: is huge, huge right now. And along those lines, babysitting

491
00:23:44,440 --> 00:23:47,479
Speaker 1: from home, because there's so many people who you know,

492
00:23:47,840 --> 00:23:50,679
Speaker 1: want to go back to work, but finding childcare is

493
00:23:50,720 --> 00:23:52,800
Speaker 1: really tough or they don't want to send their kid

494
00:23:52,880 --> 00:23:55,160
Speaker 1: to a really big facility. I know I struggle with that.

495
00:23:55,920 --> 00:23:59,199
Speaker 1: And so if you're home and you like taking care

496
00:23:59,200 --> 00:24:02,760
Speaker 1: of kids, people work all shifts. You know, you've got

497
00:24:02,880 --> 00:24:06,400
Speaker 1: nurses that work twelve hour shifts and they might work overnight.

498
00:24:06,840 --> 00:24:09,840
Speaker 1: Who's going to watch their kid? So you know, childcare

499
00:24:10,119 --> 00:24:14,119
Speaker 1: is like another really really big one. And then of

500
00:24:14,200 --> 00:24:16,720
Speaker 1: course I know you guys have heard that Amazon has

501
00:24:16,720 --> 00:24:21,920
Speaker 1: sold like all time highs during the epidemic but they're

502
00:24:21,960 --> 00:24:26,240
Speaker 1: not the only ones target best Buy. A lot of

503
00:24:26,240 --> 00:24:29,720
Speaker 1: these retail retailers are selling a lot, but not just

504
00:24:29,760 --> 00:24:33,000
Speaker 1: the big companies. Small guys like you and I who

505
00:24:33,080 --> 00:24:38,040
Speaker 1: are selling products online are actually making decent money during

506
00:24:38,080 --> 00:24:41,480
Speaker 1: the epidemic because people aren't going into physical retail stores

507
00:24:41,760 --> 00:24:44,520
Speaker 1: and they're buying things online. So even if you just

508
00:24:44,560 --> 00:24:48,240
Speaker 1: sell stuff on eBay, thrifting and now I've like introduced

509
00:24:48,240 --> 00:24:50,480
Speaker 1: a bunch of people to thrifting. You know, going to

510
00:24:50,480 --> 00:24:54,600
Speaker 1: the shop, finding something, cleaning it up, and reselling it

511
00:24:54,640 --> 00:24:57,440
Speaker 1: elsewhere is a legitimate and easy way for you to

512
00:24:57,480 --> 00:24:58,000
Speaker 1: make money.

513
00:24:58,080 --> 00:24:59,879
Speaker 4: And you know, the Internet is.

514
00:24:59,880 --> 00:25:02,480
Speaker 1: A twenty four hours a day, so is eBay, and

515
00:25:02,520 --> 00:25:05,399
Speaker 1: so you can list your products and they sell when

516
00:25:05,400 --> 00:25:09,879
Speaker 1: they sell, and you make your profit. Now, I was

517
00:25:09,920 --> 00:25:11,399
Speaker 1: going to say one of the struggles that I know

518
00:25:11,480 --> 00:25:13,919
Speaker 1: that people have, I know, even for me, I'm like, well,

519
00:25:13,960 --> 00:25:14,280
Speaker 1: what do.

520
00:25:14,200 --> 00:25:15,280
Speaker 2: I get these products to sell?

521
00:25:15,359 --> 00:25:17,360
Speaker 1: So say, if I don't want to, I don't want

522
00:25:17,359 --> 00:25:20,840
Speaker 1: to ship from my house. I don't want to you know,

523
00:25:20,920 --> 00:25:23,720
Speaker 1: I don't want to mail things out. You know, how

524
00:25:23,760 --> 00:25:26,399
Speaker 1: do I go about finding things and then selling things?

525
00:25:26,520 --> 00:25:29,080
Speaker 1: So where do I find the like the best, the

526
00:25:29,119 --> 00:25:31,480
Speaker 1: best products I can find at the lowest price and

527
00:25:31,600 --> 00:25:33,679
Speaker 1: the distribution so I don't have to worry about shipping

528
00:25:33,720 --> 00:25:38,360
Speaker 1: them out myself. Yeah, so job shipping has been really huge, huge,

529
00:25:38,520 --> 00:25:42,200
Speaker 1: across all different avenues lately, and all different kinds of products,

530
00:25:42,200 --> 00:25:45,119
Speaker 1: from things for your kids to play with to T shirts,

531
00:25:45,119 --> 00:25:47,960
Speaker 1: which I'm doing myself as well right now, and also

532
00:25:48,000 --> 00:25:50,600
Speaker 1: teaching other people how to do, and all different kinds

533
00:25:50,600 --> 00:25:53,080
Speaker 1: of products, feminine care, et cetera. And the thing is

534
00:25:53,160 --> 00:25:55,920
Speaker 1: you don't have to stock the products, you don't hold

535
00:25:55,960 --> 00:25:58,880
Speaker 1: onto them, you don't keep the inventory, and even better,

536
00:25:58,920 --> 00:26:01,520
Speaker 1: you don't spend the money up front to keep inventory.

537
00:26:01,600 --> 00:26:05,280
Speaker 1: So like when I had my big month on Amazon,

538
00:26:06,400 --> 00:26:08,600
Speaker 1: about a third of it went through drop shipping, and

539
00:26:08,720 --> 00:26:12,879
Speaker 1: two thirds diactually touched. So at some point I shifted

540
00:26:12,880 --> 00:26:15,520
Speaker 1: one hundred percent to drop shipping, and I was mostly

541
00:26:15,520 --> 00:26:18,520
Speaker 1: customer service. But then you know, once my son came along,

542
00:26:18,880 --> 00:26:20,280
Speaker 1: it was really difficult, so I had to kind of

543
00:26:20,280 --> 00:26:23,200
Speaker 1: give it away because I just had too high of

544
00:26:23,240 --> 00:26:25,520
Speaker 1: a volume to be customer service all the time. So

545
00:26:26,240 --> 00:26:30,560
Speaker 1: I would say that drop shipping is a legitimate, legitimate

546
00:26:30,880 --> 00:26:35,480
Speaker 1: way to start a business without a lot of upfront investment,

547
00:26:35,800 --> 00:26:39,159
Speaker 1: without having a whole bunch of products and without you know,

548
00:26:39,240 --> 00:26:41,959
Speaker 1: losing your mind and having to shift things yourself. So

549
00:26:42,119 --> 00:26:44,959
Speaker 1: with that said, once again, I'm going to go back

550
00:26:45,000 --> 00:26:48,600
Speaker 1: to scams. There are a gazillion scams out there, and

551
00:26:48,680 --> 00:26:51,199
Speaker 1: on top of that, don't come for me. There are

552
00:26:51,200 --> 00:26:54,200
Speaker 1: a lot of mlum programs that kind of build themselves

553
00:26:54,320 --> 00:26:57,119
Speaker 1: like this, but they're very, very difficult for you guys

554
00:26:57,119 --> 00:26:59,800
Speaker 1: to make money with them. Usually people try to snatch

555
00:26:59,800 --> 00:27:02,080
Speaker 1: my when I talk about the MLMs.

556
00:27:02,480 --> 00:27:05,359
Speaker 3: They're so protective of them. I don't understand. I mean,

557
00:27:05,440 --> 00:27:08,399
Speaker 3: I do understand fine print. Nobody reads the fine print

558
00:27:08,440 --> 00:27:10,680
Speaker 3: and realize that those people that they talk about when

559
00:27:10,680 --> 00:27:13,439
Speaker 3: they're recruiting you are like the top one percent and

560
00:27:13,520 --> 00:27:16,160
Speaker 3: ninety nine percent of people and MLMs never actually make

561
00:27:16,240 --> 00:27:20,080
Speaker 3: money and they required to disclose this right, but nobody

562
00:27:20,080 --> 00:27:22,240
Speaker 3: ever reads that fine print. And then you get tired

563
00:27:22,280 --> 00:27:24,560
Speaker 3: of your friends, get tired of getting annoyed. But anyway,

564
00:27:24,640 --> 00:27:29,000
Speaker 3: I'm not coming for the MLMs. But if your MLM

565
00:27:29,080 --> 00:27:32,879
Speaker 3: does focus on the product and you love the product,

566
00:27:33,280 --> 00:27:36,439
Speaker 3: and they will ship the product for you without you

567
00:27:36,560 --> 00:27:41,280
Speaker 3: having to have a monthly investment and all these other things,

568
00:27:41,920 --> 00:27:42,800
Speaker 3: fine them all for it.

569
00:27:42,880 --> 00:27:44,360
Speaker 4: Love it. If you love it, I love it.

570
00:27:45,160 --> 00:27:48,480
Speaker 3: Well, let's talk about actual and drop shipping was a

571
00:27:48,600 --> 00:27:51,440
Speaker 3: term I didn't know existed until I started to follow

572
00:27:51,800 --> 00:27:53,879
Speaker 3: more closely the work that you've been doing recently to

573
00:27:54,040 --> 00:27:57,280
Speaker 3: educate people about side hustles. So it's just that's just

574
00:27:57,359 --> 00:28:00,520
Speaker 3: the name of the process where you're not actually holding merchandise.

575
00:28:00,640 --> 00:28:03,639
Speaker 3: You're like, you're signing up with the company, you're designing

576
00:28:03,680 --> 00:28:05,880
Speaker 3: the merchandise, but they hold the inventory and they ship

577
00:28:05,920 --> 00:28:07,600
Speaker 3: it for you exactly perfect.

578
00:28:07,760 --> 00:28:08,080
Speaker 4: That's it.

579
00:28:08,440 --> 00:28:10,919
Speaker 1: And the big part is that you don't you don't

580
00:28:10,960 --> 00:28:14,640
Speaker 1: invest your money in the inventory until it's already been sold.

581
00:28:14,720 --> 00:28:18,240
Speaker 1: So if Mandy, if I'm selling you a pair of earrings, right,

582
00:28:18,600 --> 00:28:21,480
Speaker 1: you buy the earrings for fifteen bucks, and I go,

583
00:28:21,680 --> 00:28:23,480
Speaker 1: there are these companies that sell them for like five

584
00:28:23,520 --> 00:28:26,640
Speaker 1: dollars or whatever. You pay me fifteen dollars for these

585
00:28:26,640 --> 00:28:29,960
Speaker 1: air airrings. Then I go and I order these airrings

586
00:28:29,960 --> 00:28:33,159
Speaker 1: for five dollars. So the ten dollars in between is

587
00:28:33,200 --> 00:28:35,840
Speaker 1: my profit. And I didn't have to hold inventory, and

588
00:28:35,840 --> 00:28:38,040
Speaker 1: I don't have to do anything until after you've already

589
00:28:38,120 --> 00:28:40,760
Speaker 1: ordered it, and then that company is going to package

590
00:28:40,800 --> 00:28:44,000
Speaker 1: it and ship it on my behalf to you, so

591
00:28:44,000 --> 00:28:46,240
Speaker 1: it never has to see me, right?

592
00:28:46,440 --> 00:28:48,600
Speaker 3: Can you name? Like what are if you are just

593
00:28:48,640 --> 00:28:52,360
Speaker 3: getting started, what are some trustworthy I guess you can

594
00:28:52,360 --> 00:28:55,680
Speaker 3: call them drop shipping sites where you would recommend people start?

595
00:28:55,840 --> 00:28:58,240
Speaker 3: And what's hot right now? Like what products? Do do

596
00:28:58,320 --> 00:29:01,160
Speaker 3: people want? Earrings? Do they want? You know, I'm assuming

597
00:29:01,160 --> 00:29:04,400
Speaker 3: no one's making like, you know, custom business card holders anymore.

598
00:29:04,440 --> 00:29:06,640
Speaker 3: But maybe mugs are in our T shirts? Like what's

599
00:29:06,640 --> 00:29:07,240
Speaker 3: hot right now?

600
00:29:07,400 --> 00:29:07,600
Speaker 2: Now?

601
00:29:07,680 --> 00:29:10,600
Speaker 1: That's mugs are come up a little bit later. T

602
00:29:10,720 --> 00:29:13,440
Speaker 1: shirts are hot, and T shirts are hot for one reason,

603
00:29:13,440 --> 00:29:16,560
Speaker 1: and I'll tell you why. All these protests that have

604
00:29:16,640 --> 00:29:21,760
Speaker 1: been occurring all across the country. People have something to say,

605
00:29:21,960 --> 00:29:26,080
Speaker 1: and so they're looking for a shirt that matches and

606
00:29:26,160 --> 00:29:30,640
Speaker 1: expresses their emotions. And so a lot of these shirts

607
00:29:30,680 --> 00:29:33,880
Speaker 1: don't have to be like these intricate, super wonderful designs.

608
00:29:34,080 --> 00:29:37,040
Speaker 1: They're literally words on the shirt. Anyone can do that.

609
00:29:37,120 --> 00:29:39,480
Speaker 1: You can do it. I could do it right. They're

610
00:29:39,520 --> 00:29:42,720
Speaker 1: literally words on a shirt. And what I had told

611
00:29:42,800 --> 00:29:45,800
Speaker 1: my group before was the biggest selling T shirts the

612
00:29:45,880 --> 00:29:48,280
Speaker 1: last few months. You guys can guess what it said.

613
00:29:48,400 --> 00:29:53,560
Speaker 2: Come on, Black Lives Matter, boom one period. That's it.

614
00:29:54,160 --> 00:29:56,720
Speaker 1: So and think of how many different fonts, how many

615
00:29:56,880 --> 00:29:59,280
Speaker 1: ways it's been written. Is it on a black shirt

616
00:29:59,320 --> 00:30:01,680
Speaker 1: with white writ is it on a white shirt with

617
00:30:01,800 --> 00:30:02,479
Speaker 1: black writing?

618
00:30:02,560 --> 00:30:04,320
Speaker 2: Is it pink? Because you know what I mean.

619
00:30:04,720 --> 00:30:05,560
Speaker 4: So that's not.

620
00:30:05,520 --> 00:30:09,640
Speaker 1: Even anything that's really difficult for anyone to do. And

621
00:30:09,680 --> 00:30:12,800
Speaker 1: there are a ton of companies out there that will

622
00:30:12,840 --> 00:30:16,320
Speaker 1: allow you to create a store and do it really quickly.

623
00:30:16,440 --> 00:30:19,360
Speaker 1: You can have something up and running within fifteen minutes.

624
00:30:19,400 --> 00:30:22,400
Speaker 1: I tell people, you can have a legit drop shipping

625
00:30:22,400 --> 00:30:26,120
Speaker 1: site within fifteen minutes. So printfle is my favorite one

626
00:30:26,160 --> 00:30:29,760
Speaker 1: for that. Printify is another one, and Printify is even

627
00:30:30,360 --> 00:30:34,280
Speaker 1: better in some respects because Printify has a bunch of

628
00:30:34,320 --> 00:30:38,719
Speaker 1: different companies that they work with all across the country.

629
00:30:38,760 --> 00:30:41,440
Speaker 1: And the costs if you're listening to this podcast outside

630
00:30:41,480 --> 00:30:43,440
Speaker 1: of the US as well, outside of the US, so

631
00:30:43,480 --> 00:30:46,680
Speaker 1: does printful. If you're in Europe or Mexico, this could

632
00:30:46,720 --> 00:30:49,800
Speaker 1: be you too. And so those are two of the

633
00:30:50,040 --> 00:30:55,200
Speaker 1: largest ones. You've got Red Bubble Cafe Press, but they're

634
00:30:55,200 --> 00:30:57,719
Speaker 1: a little bit more expensive and they're geared towards retailers.

635
00:30:58,720 --> 00:31:01,560
Speaker 1: But those like four that all legit if you want

636
00:31:01,560 --> 00:31:04,239
Speaker 1: to get into a T shirt business tomorrow and on

637
00:31:04,280 --> 00:31:07,760
Speaker 1: a drop ship basis, you can do that other products.

638
00:31:07,760 --> 00:31:10,400
Speaker 1: You really have to look around what's going on right now. So,

639
00:31:10,480 --> 00:31:20,720
Speaker 1: for example, everything related to sanitization or cleanliness is really

640
00:31:20,800 --> 00:31:24,000
Speaker 1: hot right now. One of the hottest things that I've seen,

641
00:31:24,040 --> 00:31:25,960
Speaker 1: and I do a lot of research on what's going

642
00:31:25,960 --> 00:31:30,280
Speaker 1: on because I just do what. I'm crazy our products

643
00:31:30,280 --> 00:31:34,120
Speaker 1: that help your kids, say like clean because we all know,

644
00:31:34,600 --> 00:31:36,440
Speaker 1: you know, kids, kids are German boxes.

645
00:31:36,600 --> 00:31:40,960
Speaker 3: They nasty, nasty.

646
00:31:41,520 --> 00:31:43,719
Speaker 1: So one of the hottest products that I've seen is

647
00:31:43,800 --> 00:31:47,600
Speaker 1: a wristband that has like anti bacterial gel in it

648
00:31:48,040 --> 00:31:51,800
Speaker 1: that you just snort into the palm and so you know,

649
00:31:51,880 --> 00:31:53,720
Speaker 1: it's like a little jelly wrist band with a little

650
00:31:53,960 --> 00:31:56,520
Speaker 1: like a little repository for some a little bit of

651
00:31:56,560 --> 00:31:59,480
Speaker 1: hand hand sanitizer and escorts into the pump.

652
00:32:00,520 --> 00:32:01,960
Speaker 4: Huge seller right now.

653
00:32:02,080 --> 00:32:06,320
Speaker 1: Huge since your kids are home and Mandy's not there yet,

654
00:32:06,360 --> 00:32:11,959
Speaker 1: but I'm deep in this body training. Those body training

655
00:32:12,040 --> 00:32:16,160
Speaker 1: items and things that keep your kids busy, those are humongous.

656
00:32:16,200 --> 00:32:18,800
Speaker 1: And also, don't forget that we're going into toy season.

657
00:32:19,280 --> 00:32:21,320
Speaker 1: I know it's really too early for you guys. You're

658
00:32:21,320 --> 00:32:25,160
Speaker 1: out there enjoying your eighty ninety degree weather. But mentally,

659
00:32:25,240 --> 00:32:27,760
Speaker 1: a lot of the stores have already shifted into Christmas

660
00:32:27,760 --> 00:32:32,240
Speaker 1: buying and so, you know, toys for kids, especially with

661
00:32:32,280 --> 00:32:36,400
Speaker 1: an educational focus, that's a big one. Clothing is always

662
00:32:36,440 --> 00:32:39,200
Speaker 1: really big. But clothing is very difficult right now, and

663
00:32:39,360 --> 00:32:42,520
Speaker 1: the reason why is that there's so many retailers who

664
00:32:42,560 --> 00:32:46,320
Speaker 1: are either going out of business or are unsure about

665
00:32:46,360 --> 00:32:49,360
Speaker 1: what to stock for inventory coming up, so you would

666
00:32:49,360 --> 00:32:52,160
Speaker 1: actually be competing with your TJ. Maxis and all these

667
00:32:52,160 --> 00:32:55,440
Speaker 1: other stores. It's very very difficult to do unless you

668
00:32:55,480 --> 00:32:59,040
Speaker 1: have a very niche kind of product that you have, like,

669
00:32:59,120 --> 00:33:01,280
Speaker 1: for example, one of the big things where these big

670
00:33:01,360 --> 00:33:04,880
Speaker 1: chunky knit blankets with the huge oversize. Have you guys

671
00:33:04,880 --> 00:33:08,040
Speaker 1: seen these? It's like the yarn was like the yeah,

672
00:33:08,080 --> 00:33:10,600
Speaker 1: business of my arm right, so that was like really

673
00:33:10,640 --> 00:33:14,080
Speaker 1: popular last year. Unless it's like a really popular novelty

674
00:33:14,160 --> 00:33:16,680
Speaker 1: item kind of like that. When it comes to clothing,

675
00:33:17,200 --> 00:33:20,680
Speaker 1: it's a little bit difficult to kind of predict. So

676
00:33:21,400 --> 00:33:24,120
Speaker 1: for me, I kind of have to have my eyes

677
00:33:24,120 --> 00:33:26,600
Speaker 1: and ears on what's going on in pop culture, What

678
00:33:26,680 --> 00:33:29,200
Speaker 1: are people looking for? What are they searching for? I'm

679
00:33:29,240 --> 00:33:32,280
Speaker 1: looking at Google trends and trying to figure out what

680
00:33:32,400 --> 00:33:35,280
Speaker 1: could be big, what has been really big lately? And

681
00:33:35,320 --> 00:33:39,400
Speaker 1: these ladies saw before we started wigs because the beauty

682
00:33:39,440 --> 00:33:40,400
Speaker 1: salons closed.

683
00:33:42,600 --> 00:33:44,800
Speaker 3: How did you get into a wig selling business.

684
00:33:45,400 --> 00:33:49,160
Speaker 1: Everyone's not comfortable rocking their grays and their naturals. Okay,

685
00:33:49,480 --> 00:33:52,240
Speaker 1: I need to look professional out here, and my baby

686
00:33:52,240 --> 00:33:55,800
Speaker 1: slot is still closed. So yes, the whig business has

687
00:33:55,920 --> 00:33:58,560
Speaker 1: been booming for the last few years. And there's so

688
00:33:58,640 --> 00:34:01,160
Speaker 1: many ways to get into the whig business if you

689
00:34:01,280 --> 00:34:04,520
Speaker 1: wanted to. You can go directly Made in China is

690
00:34:04,600 --> 00:34:07,160
Speaker 1: a site that I use. The other one that everybody

691
00:34:07,240 --> 00:34:14,520
Speaker 1: uses is Ali Express and you can literally buy and

692
00:34:14,600 --> 00:34:18,600
Speaker 1: job ship wigs directly from the manufacturers to your customers.

693
00:34:18,640 --> 00:34:21,080
Speaker 1: If you go to Ali Express, it's just know that

694
00:34:21,120 --> 00:34:23,160
Speaker 1: most of it's coming from China or India. It's going

695
00:34:23,239 --> 00:34:26,239
Speaker 1: to take twenty thirty days to get here. Worse, with

696
00:34:26,280 --> 00:34:29,320
Speaker 1: the post office being slow, you can't filter for things

697
00:34:29,320 --> 00:34:32,240
Speaker 1: that are made in the US. It will cost you more,

698
00:34:32,360 --> 00:34:35,520
Speaker 1: but a higher cost basis, but it will get to

699
00:34:35,560 --> 00:34:37,280
Speaker 1: your customers faster.

700
00:34:37,880 --> 00:34:41,160
Speaker 3: So you're not having wigs in your garage. No, I

701
00:34:41,239 --> 00:34:44,640
Speaker 3: mean you're okay, solf right, Okay, So you don't actually

702
00:34:44,719 --> 00:34:47,040
Speaker 3: have to like acquire the wigs. How do you tell

703
00:34:47,080 --> 00:34:48,719
Speaker 3: if they're good quality?

704
00:34:48,920 --> 00:34:51,759
Speaker 1: That's always the question that people ask. And this is

705
00:34:51,760 --> 00:34:55,239
Speaker 1: where I say that you need to do your due diligence,

706
00:34:55,560 --> 00:34:57,440
Speaker 1: and then includes a couple of different things. I always

707
00:34:57,520 --> 00:35:00,680
Speaker 1: make a sample order, and I don't say a sample order,

708
00:35:00,719 --> 00:35:04,319
Speaker 1: because what happens many times is that they will send

709
00:35:04,320 --> 00:35:08,000
Speaker 1: you your best their best quality, right, and I want

710
00:35:08,000 --> 00:35:10,040
Speaker 1: to catch what you're going to send on a regular basis.

711
00:35:11,120 --> 00:35:13,919
Speaker 1: So if you can either request a sample or make

712
00:35:13,960 --> 00:35:17,400
Speaker 1: an order as a customer without you know, saying that

713
00:35:17,440 --> 00:35:20,600
Speaker 1: it's a sample, that you're doing business with them. And

714
00:35:20,640 --> 00:35:24,000
Speaker 1: then I'm always searching the Googles. Let your fingers do

715
00:35:24,080 --> 00:35:26,920
Speaker 1: the walking. See what other people's feedback have been of

716
00:35:27,000 --> 00:35:30,520
Speaker 1: that you know of that company, What reviews do they have,

717
00:35:30,719 --> 00:35:34,120
Speaker 1: what's the most popular complaints. I don't always trust the

718
00:35:34,200 --> 00:35:36,360
Speaker 1: reviews on a company site because they're going to delete

719
00:35:36,360 --> 00:35:40,200
Speaker 1: the negative ones just you know it happens.

720
00:35:40,719 --> 00:35:43,160
Speaker 4: I may look, but I don't always trust it.

721
00:35:43,600 --> 00:35:46,719
Speaker 1: So I'm always searching for what other people have to

722
00:35:46,760 --> 00:35:49,960
Speaker 1: say from sites that I trust about the company before

723
00:35:50,080 --> 00:35:52,719
Speaker 1: I like will do anything. But more often than not,

724
00:35:53,160 --> 00:35:55,920
Speaker 1: I'm just doing like a secret little order myself to

725
00:35:55,960 --> 00:35:58,719
Speaker 1: see what's going to happen. What's my experience going to be?

726
00:36:00,080 --> 00:36:01,560
Speaker 2: Well, what do you have to look out.

727
00:36:01,400 --> 00:36:03,640
Speaker 1: For when it comes to legally, So let's just say

728
00:36:03,760 --> 00:36:06,040
Speaker 1: I don't not for example, Black Lives Matter, I don't

729
00:36:06,200 --> 00:36:10,680
Speaker 1: know that that's trademarked. But so what should people look

730
00:36:10,719 --> 00:36:13,200
Speaker 1: out for if they're wanting to put phrases and things

731
00:36:14,120 --> 00:36:17,239
Speaker 1: on the mugs or T shirts or or just you know,

732
00:36:17,320 --> 00:36:20,120
Speaker 1: like purchasing wigs and making sure people are not like

733
00:36:20,200 --> 00:36:22,879
Speaker 1: your wig gave me alopecia? So what should people look

734
00:36:22,880 --> 00:36:26,360
Speaker 1: out for legally? Yes, so always, in forever, depending on

735
00:36:26,360 --> 00:36:29,080
Speaker 1: what you're doing, Copyright infringement is the thing to look

736
00:36:29,080 --> 00:36:31,520
Speaker 1: out for. It you don't want to infringe on somebody

737
00:36:31,520 --> 00:36:34,520
Speaker 1: else's copyright because you definitely will get a season desist

738
00:36:34,800 --> 00:36:37,360
Speaker 1: or people will just suit you outright. So if you

739
00:36:37,360 --> 00:36:40,480
Speaker 1: think you're going to do anything with any sports authority

740
00:36:40,840 --> 00:36:44,960
Speaker 1: without their permission, express written permission, it's not going to happen.

741
00:36:45,200 --> 00:36:48,399
Speaker 1: And also, if you're selling things on another platform, they

742
00:36:48,440 --> 00:36:50,320
Speaker 1: may decide to take that down. So if you're on

743
00:36:50,360 --> 00:36:53,759
Speaker 1: an Amazon, you're at sea, you're an eBay, whatever it

744
00:36:53,840 --> 00:36:56,600
Speaker 1: may just come down and has to strike against you,

745
00:36:56,719 --> 00:36:59,799
Speaker 1: or you may be banned from the platform, or if

746
00:36:59,800 --> 00:37:02,640
Speaker 1: you're if you're having things that are made print on demand,

747
00:37:02,760 --> 00:37:05,719
Speaker 1: for example, like T shirts, the printing company may not

748
00:37:05,760 --> 00:37:08,360
Speaker 1: print it for you if it's a copywritten.

749
00:37:07,920 --> 00:37:09,800
Speaker 4: Note, phrase, image, et cetera.

750
00:37:10,360 --> 00:37:13,360
Speaker 1: So do try to come up with your own things,

751
00:37:14,440 --> 00:37:17,000
Speaker 1: especially if it's a phrase or something that's going on

752
00:37:17,000 --> 00:37:19,680
Speaker 1: a shirt or something like that, if it's image based.

753
00:37:20,280 --> 00:37:23,480
Speaker 1: I sometimes have hired artists to do things for me,

754
00:37:24,160 --> 00:37:28,560
Speaker 1: and I definitely do searches to say, is this phrase copywritten?

755
00:37:28,680 --> 00:37:29,600
Speaker 4: Does somebody have that?

756
00:37:30,040 --> 00:37:33,960
Speaker 1: So the USPTO is your friend, that's the US Patent

757
00:37:33,960 --> 00:37:37,160
Speaker 1: and Trademark Office, and you can do a search on

758
00:37:37,200 --> 00:37:40,160
Speaker 1: their site. Very you know, it's not use your friendly.

759
00:37:40,640 --> 00:37:42,000
Speaker 1: I'm going to be the first one to tell.

760
00:37:41,840 --> 00:37:44,399
Speaker 3: You no, you're right. It is such a nightmare from

761
00:37:44,400 --> 00:37:45,600
Speaker 3: when we trademarked our show.

762
00:37:45,960 --> 00:37:50,080
Speaker 1: Yeah, it's not use your friendly. So you know, you

763
00:37:50,160 --> 00:37:51,480
Speaker 1: might have to dig in there for a couple of

764
00:37:51,520 --> 00:37:54,560
Speaker 1: days until you're comfortable with the system. But definitely, you know,

765
00:37:54,640 --> 00:37:56,680
Speaker 1: do your searches so that nobody else comes after you

766
00:37:56,719 --> 00:38:00,440
Speaker 1: for a phrases copywritten or an image or something like that. Now,

767
00:38:00,480 --> 00:38:04,120
Speaker 1: when it comes to product quality, especially when it's something

768
00:38:04,239 --> 00:38:07,560
Speaker 1: health related, that's very difficult. So for example, we had

769
00:38:07,600 --> 00:38:11,319
Speaker 1: a ton of these antibacterial things that were recalled, right,

770
00:38:12,640 --> 00:38:15,440
Speaker 1: and they were all over the place and legitimate companies.

771
00:38:15,640 --> 00:38:18,480
Speaker 1: I bought from Costco a hand sanitizer that ended up

772
00:38:18,520 --> 00:38:21,560
Speaker 1: being on a recall list. Sometimes you don't know because

773
00:38:21,560 --> 00:38:25,960
Speaker 1: you're trusting that it has passed quality control and tests.

774
00:38:26,840 --> 00:38:28,680
Speaker 1: The best thing I could tell people is make sure

775
00:38:28,719 --> 00:38:32,040
Speaker 1: you have some kind of insurance because if all you

776
00:38:32,040 --> 00:38:34,279
Speaker 1: need is one person to have a bad experience for

777
00:38:34,360 --> 00:38:36,759
Speaker 1: it to be not so good for you, right, So,

778
00:38:36,840 --> 00:38:40,080
Speaker 1: business liability insurance is one of the things that I

779
00:38:40,160 --> 00:38:43,680
Speaker 1: tell people to go ahead and invest in. Not so expensive,

780
00:38:44,000 --> 00:38:46,840
Speaker 1: but if you're doing like skincare products and it's not

781
00:38:46,880 --> 00:38:50,120
Speaker 1: been tested, that's going to be more expensive for you.

782
00:38:50,440 --> 00:38:52,839
Speaker 1: There are a lot of cottage industry people out there

783
00:38:52,840 --> 00:38:56,719
Speaker 1: now that are mixing things and essential oils and you know, left,

784
00:38:56,760 --> 00:38:59,320
Speaker 1: right and center, and you do have to be careful

785
00:38:59,640 --> 00:39:04,480
Speaker 1: about things like that hasn't been tested? Is it? What's

786
00:39:04,520 --> 00:39:08,839
Speaker 1: the efficacy? Are you representing the product correctly? And so

787
00:39:09,480 --> 00:39:13,200
Speaker 1: for me, when I'm drop shipping things, I tend to

788
00:39:13,280 --> 00:39:19,479
Speaker 1: create a product that won't hurt anybody, hopefully, because that's

789
00:39:19,520 --> 00:39:22,200
Speaker 1: a risk that I don't feel like I would want

790
00:39:22,239 --> 00:39:25,280
Speaker 1: to take on myself, but I understand that other people,

791
00:39:25,600 --> 00:39:28,440
Speaker 1: you know, would, especially if you're making hair products and

792
00:39:28,480 --> 00:39:32,880
Speaker 1: somebody's hair falls not God forbid, you know, so I

793
00:39:32,920 --> 00:39:36,560
Speaker 1: definitely would be very, very careful. I personally stay away

794
00:39:36,600 --> 00:39:39,200
Speaker 1: from those because for me, I just wouldn't sleep very

795
00:39:39,200 --> 00:39:42,200
Speaker 1: well with the liability. But the insurance is out there

796
00:39:42,200 --> 00:39:42,720
Speaker 1: for a reason.

797
00:39:43,560 --> 00:39:45,879
Speaker 3: Well, let's take a question from a listener. You've already

798
00:39:45,920 --> 00:39:48,120
Speaker 3: kind of answered a couple questions that I had waiting

799
00:39:48,120 --> 00:39:51,240
Speaker 3: because you're so good. But here's one on the business aspect.

800
00:39:52,000 --> 00:39:55,200
Speaker 3: Instagram user Ellen Monica says, at what point should you

801
00:39:55,239 --> 00:39:57,160
Speaker 3: make your side hustle into an LLC?

802
00:39:58,280 --> 00:40:01,480
Speaker 1: Why not do it from the beginning? I get that

803
00:40:01,560 --> 00:40:03,720
Speaker 1: question so often. It's probably one of the biggest questions

804
00:40:03,760 --> 00:40:06,359
Speaker 1: that's falling around right now. Why not do it from

805
00:40:06,360 --> 00:40:09,920
Speaker 1: the beginning. It does not cost that much to formalize

806
00:40:09,920 --> 00:40:12,200
Speaker 1: your business from the outset, and then you're not going

807
00:40:12,280 --> 00:40:15,040
Speaker 1: back to do it. The most it will cost you

808
00:40:15,200 --> 00:40:17,400
Speaker 1: is whatever your state is going to charge you for

809
00:40:17,520 --> 00:40:20,600
Speaker 1: the organization. The articles of incorporation and the business filing,

810
00:40:21,200 --> 00:40:23,920
Speaker 1: and then you know, you may have annual requirements that

811
00:40:23,960 --> 00:40:27,600
Speaker 1: you have to fulfill, but honestly, if you don't make

812
00:40:27,640 --> 00:40:32,000
Speaker 1: any sales, you don't have no harm, no foul, basically right.

813
00:40:32,360 --> 00:40:37,000
Speaker 1: So it's there. I tell people, don't go back afterwards

814
00:40:37,040 --> 00:40:38,480
Speaker 1: to do it when you could have done it in

815
00:40:38,480 --> 00:40:40,960
Speaker 1: the beginning. And I think people think of their side

816
00:40:41,000 --> 00:40:44,319
Speaker 1: hustles as not a legitimate business, and they really are.

817
00:40:44,800 --> 00:40:49,680
Speaker 1: Whether you're driving for Uber or you're doing somebody's hair,

818
00:40:50,000 --> 00:40:54,799
Speaker 1: it is a business, especially black women, the kitchen beauticians,

819
00:40:55,320 --> 00:40:58,480
Speaker 1: your side things that you do, your little hustled, your

820
00:40:58,520 --> 00:41:01,360
Speaker 1: little coin that you make on the side, it's a business.

821
00:41:01,719 --> 00:41:04,480
Speaker 1: It's a business. We don't think of it as businesses.

822
00:41:04,560 --> 00:41:06,440
Speaker 1: We may think of it as a hobby, and the

823
00:41:06,480 --> 00:41:08,920
Speaker 1: IRS does to have some things around is it a hobby?

824
00:41:08,960 --> 00:41:09,600
Speaker 4: Is it a business?

825
00:41:09,960 --> 00:41:12,440
Speaker 1: But for the most of us, it really is a business,

826
00:41:12,480 --> 00:41:15,879
Speaker 1: and we just need to shift our thinking around that

827
00:41:16,400 --> 00:41:20,160
Speaker 1: and not be afraid to formalize it at the very beginning,

828
00:41:20,200 --> 00:41:22,279
Speaker 1: because more often than that I hear people say I

829
00:41:22,320 --> 00:41:25,840
Speaker 1: wish I had you know, after the fact.

830
00:41:25,600 --> 00:41:28,080
Speaker 3: Well, let's talk about the IRS. Taxes like when you

831
00:41:28,120 --> 00:41:30,240
Speaker 3: got hit. When you made that sixty grand in a month,

832
00:41:30,640 --> 00:41:34,480
Speaker 3: that's amazing. But Uncle Sam was probably like, Sandy, can

833
00:41:34,520 --> 00:41:38,200
Speaker 3: I can I get my shirt the whole something? So

834
00:41:38,280 --> 00:41:39,920
Speaker 3: how does that work? What if you don't know it's

835
00:41:39,920 --> 00:41:41,480
Speaker 3: going to be huge and all of a sudden it's like,

836
00:41:41,480 --> 00:41:43,560
Speaker 3: oh crap, how do you plan for that? Do you

837
00:41:43,600 --> 00:41:45,600
Speaker 3: set it aside in advance? Yeah?

838
00:41:45,719 --> 00:41:48,919
Speaker 1: I have separate accounts, so I'm bank with my local bank.

839
00:41:49,440 --> 00:41:52,839
Speaker 1: My local credit union automatically has a savings account when

840
00:41:52,880 --> 00:41:56,239
Speaker 1: you open a business checking account, So for me, when

841
00:41:56,280 --> 00:41:58,720
Speaker 1: I make money that goes into that business checking account,

842
00:41:59,000 --> 00:42:03,040
Speaker 1: I'm putting at least third into the business savings account,

843
00:42:03,080 --> 00:42:05,960
Speaker 1: at least off the top. That's not my money. I'm

844
00:42:05,960 --> 00:42:09,080
Speaker 1: holding up Uncle Sam. And then if you collect sales

845
00:42:09,120 --> 00:42:12,319
Speaker 1: tax as well, because people forget about this, that's not

846
00:42:12,560 --> 00:42:15,799
Speaker 1: your money, that's Uncle Sam's money. You're just collecting it

847
00:42:15,840 --> 00:42:18,160
Speaker 1: on behalf of Uncle Sam. They might give you a

848
00:42:18,200 --> 00:42:20,560
Speaker 1: little hate hold this hold a tiny piece because you

849
00:42:20,600 --> 00:42:22,759
Speaker 1: collected it and you fouled it on time, and then

850
00:42:22,800 --> 00:42:25,479
Speaker 1: giving my money. So I tell people, off the top,

851
00:42:25,680 --> 00:42:27,319
Speaker 1: even if you're driving for Uber and I'm saying the

852
00:42:27,400 --> 00:42:29,760
Speaker 1: Uber or if you're doing door dash, if you're Uber

853
00:42:29,800 --> 00:42:32,800
Speaker 1: eat sing it, if your postmates any of those things,

854
00:42:33,600 --> 00:42:36,680
Speaker 1: that's not all your money. Uncle Sam will want their money.

855
00:42:37,160 --> 00:42:39,759
Speaker 1: I highly advise you to put at least thirty five

856
00:42:39,800 --> 00:42:41,919
Speaker 1: percent away. If you're in a state like New York,

857
00:42:42,320 --> 00:42:44,920
Speaker 1: or you're in New York City where we've got federal, state,

858
00:42:45,040 --> 00:42:48,160
Speaker 1: and city taxes, you want to drop a little bit more,

859
00:42:49,680 --> 00:42:52,719
Speaker 1: sprinkle more on there and put that in your savings account.

860
00:42:52,920 --> 00:42:55,320
Speaker 1: So for me, I knew that sixty grand was in

861
00:42:55,400 --> 00:42:59,440
Speaker 1: my sixty grand. Nope, some of that money legitimately belonged

862
00:42:59,440 --> 00:43:01,520
Speaker 1: to Uncle Sam. And I know we kind of get

863
00:43:01,520 --> 00:43:03,400
Speaker 1: wrapped up for the fact that we're going to owe taxes.

864
00:43:03,520 --> 00:43:05,200
Speaker 1: But you wouldn't owe the taxes if you didn't make

865
00:43:05,239 --> 00:43:05,760
Speaker 1: the money.

866
00:43:06,000 --> 00:43:06,640
Speaker 2: That's right, true.

867
00:43:07,400 --> 00:43:10,080
Speaker 3: Yeah, So many of the people in my family who

868
00:43:10,120 --> 00:43:12,880
Speaker 3: have tried to start side hustles, they're always trying to

869
00:43:12,880 --> 00:43:15,040
Speaker 3: figure out way how to get around without paying taxes.

870
00:43:15,080 --> 00:43:17,160
Speaker 3: And I'm like, just pay the taxes. I mean, it's

871
00:43:17,239 --> 00:43:19,520
Speaker 3: kind of the law. They're like, well, wealthy people don't

872
00:43:19,520 --> 00:43:21,920
Speaker 3: do it. I'm like, well, do you have wealthy people's

873
00:43:21,920 --> 00:43:24,480
Speaker 3: money to foreign lawyers who figured.

874
00:43:25,239 --> 00:43:26,479
Speaker 2: And that's not necessarily true.

875
00:43:26,480 --> 00:43:30,440
Speaker 1: I mean, I set aside forty percent see of my

876
00:43:31,000 --> 00:43:33,520
Speaker 1: you know, of my gross because a large part of

877
00:43:33,560 --> 00:43:36,759
Speaker 1: my income comes from what's called the owner's draw and

878
00:43:36,800 --> 00:43:41,120
Speaker 1: that's when not just payroll, but you withdraw from the

879
00:43:41,160 --> 00:43:44,439
Speaker 1: company any excess money, whatever it is that you feel

880
00:43:44,480 --> 00:43:48,160
Speaker 1: like doing. You know, so I set aside forty percent

881
00:43:48,480 --> 00:43:52,760
Speaker 1: full zero and then you know, of course we work toward,

882
00:43:52,960 --> 00:43:57,400
Speaker 1: you know, reducing our tax risk and our tax burden.

883
00:43:57,480 --> 00:43:59,600
Speaker 1: But at the end of the day, I have to

884
00:44:00,040 --> 00:44:02,040
Speaker 1: I still have to pay in one way, shape or form.

885
00:44:02,040 --> 00:44:04,160
Speaker 1: And I've heard some of my friends say, oh girl,

886
00:44:04,400 --> 00:44:06,319
Speaker 1: you got to get you an accounting like mine. He

887
00:44:06,440 --> 00:44:09,200
Speaker 1: was able to dot dot dot. And I'm like, you

888
00:44:09,239 --> 00:44:11,760
Speaker 1: just still want to be careful because what you don't

889
00:44:11,760 --> 00:44:15,720
Speaker 1: want is to end up owing not only the original taxes,

890
00:44:15,719 --> 00:44:18,280
Speaker 1: but any sort of fees and things on top of that, enalties.

891
00:44:18,520 --> 00:44:18,759
Speaker 4: Yep.

892
00:44:18,920 --> 00:44:20,640
Speaker 1: Yeah, So you just want to be mindful of that

893
00:44:20,800 --> 00:44:23,520
Speaker 1: because there are legal loopholes, but just make sure that

894
00:44:23,560 --> 00:44:27,759
Speaker 1: they're legal, right, right, And so for me, I am

895
00:44:27,800 --> 00:44:30,279
Speaker 1: all about finding a loophole. I have never filed my

896
00:44:30,400 --> 00:44:35,360
Speaker 1: taxes on time because I'm looking for every single deduction

897
00:44:35,480 --> 00:44:37,399
Speaker 1: that I could possibly potentially take.

898
00:44:37,680 --> 00:44:38,760
Speaker 4: I'm gonna take them.

899
00:44:38,880 --> 00:44:41,680
Speaker 1: Right, So when April fifteenth rolds around, your girl is

900
00:44:41,680 --> 00:44:44,040
Speaker 1: not following her taxes in I'm gonna need a little

901
00:44:44,040 --> 00:44:46,440
Speaker 1: bit of extra time to figure out how.

902
00:44:47,520 --> 00:44:49,719
Speaker 2: Yes, you know I need.

903
00:44:49,800 --> 00:44:52,239
Speaker 1: I need to see every deduction I could possibly take,

904
00:44:52,640 --> 00:44:55,160
Speaker 1: but it's every deduction that falls within the letter of

905
00:44:55,200 --> 00:44:55,560
Speaker 1: the law.

906
00:44:55,920 --> 00:44:58,960
Speaker 4: It is not I'm inventing something, right, but I'm.

907
00:44:58,880 --> 00:45:02,080
Speaker 1: Still putting that money at the very beginning so that

908
00:45:02,160 --> 00:45:04,640
Speaker 1: I can pay them. And the good thing that happens

909
00:45:04,800 --> 00:45:07,600
Speaker 1: is that chances are there I put that money away

910
00:45:07,640 --> 00:45:10,080
Speaker 1: to pay them, and if I do have enough deductions,

911
00:45:10,120 --> 00:45:12,800
Speaker 1: what I put away is going to be too much, right,

912
00:45:13,160 --> 00:45:15,640
Speaker 1: So that's a good part. You just decide, it's kind

913
00:45:15,680 --> 00:45:18,680
Speaker 1: of like tithing. You're tithing to Uncle Sam. It's that

914
00:45:18,800 --> 00:45:21,879
Speaker 1: money didn't belong. It's not even there, just it's not there.

915
00:45:22,320 --> 00:45:23,480
Speaker 1: It's or it's like your full.

916
00:45:23,320 --> 00:45:23,879
Speaker 2: And K money.

917
00:45:23,880 --> 00:45:25,759
Speaker 1: It comes off the top you don't even see it,

918
00:45:25,880 --> 00:45:28,960
Speaker 1: and then you know. So that's how I think about it.

919
00:45:29,440 --> 00:45:31,840
Speaker 3: Do you recommend is there a benefit to opening a

920
00:45:31,880 --> 00:45:36,279
Speaker 3: business account from the start so you're not commingling your

921
00:45:36,360 --> 00:45:38,600
Speaker 3: regular income with additional income.

922
00:45:38,320 --> 00:45:40,080
Speaker 4: Streams always in forever.

923
00:45:40,640 --> 00:45:44,840
Speaker 1: And I have a business account with my local community

924
00:45:44,880 --> 00:45:47,440
Speaker 1: bank here and then I have with a large bank Chase.

925
00:45:47,719 --> 00:45:50,759
Speaker 1: So I always recommend as soon as you set your

926
00:45:50,760 --> 00:45:53,400
Speaker 1: business up, you know, it doesn't take much money. I

927
00:45:53,680 --> 00:45:55,960
Speaker 1: think I opened this latest business account, like a hundred

928
00:45:56,000 --> 00:45:57,800
Speaker 1: bucks or something like that, just to open the account,

929
00:45:57,800 --> 00:46:02,000
Speaker 1: whatever the minimum was, and that's it. You know, I

930
00:46:02,040 --> 00:46:03,640
Speaker 1: open the account, I put the money in there, and

931
00:46:03,680 --> 00:46:05,960
Speaker 1: now it's legit. And what that sets me up for

932
00:46:06,000 --> 00:46:08,719
Speaker 1: in the future is this, It sets me up for

933
00:46:08,880 --> 00:46:12,520
Speaker 1: potentially having business credit because now I have a formalized business,

934
00:46:13,080 --> 00:46:17,040
Speaker 1: I have a business bank account, and now you know,

935
00:46:17,080 --> 00:46:21,120
Speaker 1: once my business has been formalized for eight months a year,

936
00:46:21,680 --> 00:46:25,680
Speaker 1: then I can I've started to build my business credit.

937
00:46:26,200 --> 00:46:28,640
Speaker 1: So the other thing that a lot of black businesses

938
00:46:28,640 --> 00:46:31,479
Speaker 1: suffer from, and I'm speaking directly to the women because

939
00:46:31,520 --> 00:46:37,319
Speaker 1: we do this pretty often, is that we're underfunded and

940
00:46:37,360 --> 00:46:40,760
Speaker 1: we don't grow to our full potential because we don't

941
00:46:40,840 --> 00:46:44,200
Speaker 1: tap resources that are out there for businesses. I'm seeing

942
00:46:44,239 --> 00:46:46,560
Speaker 1: a lot of like scholarships, a lot of funds people

943
00:46:46,640 --> 00:46:49,040
Speaker 1: try to spend money with black businesses, and a lot

944
00:46:49,120 --> 00:46:51,760
Speaker 1: of the requirements so that you had to have already

945
00:46:51,760 --> 00:46:53,880
Speaker 1: been in business, or you had to have been in business.

946
00:46:53,640 --> 00:46:54,040
Speaker 4: For a year.

947
00:46:54,600 --> 00:46:57,280
Speaker 1: If you didn't formalize your business when you first started,

948
00:46:57,640 --> 00:46:59,920
Speaker 1: you may have been in business, but that doesn't count

949
00:47:00,320 --> 00:47:02,439
Speaker 1: because you weren't legitimate at that time.

950
00:47:02,840 --> 00:47:03,920
Speaker 2: Right.

951
00:47:04,080 --> 00:47:06,680
Speaker 1: So even there's a fund like Facebook has a fund

952
00:47:06,680 --> 00:47:10,160
Speaker 1: one hundred million dollars that they're giving out one hundred

953
00:47:10,239 --> 00:47:15,120
Speaker 1: million dollars, not loans grants, And one of the requirements

954
00:47:15,160 --> 00:47:16,400
Speaker 1: is that you have to have been in business for

955
00:47:16,400 --> 00:47:20,480
Speaker 1: a year. If you were out there doing hair every

956
00:47:20,560 --> 00:47:23,680
Speaker 1: week for the last year but you never formalize your business,

957
00:47:23,840 --> 00:47:26,879
Speaker 1: your business does not exist or wouldn't qualify for that.

958
00:47:27,680 --> 00:47:31,279
Speaker 1: So yeah, I tell people, register for your business, get

959
00:47:31,320 --> 00:47:33,640
Speaker 1: your business bank account, put a little something in there.

960
00:47:34,000 --> 00:47:37,640
Speaker 1: Separate your money. Do not commingle your money, your individual

961
00:47:37,640 --> 00:47:40,440
Speaker 1: money with your business money. Have it be a separate thing.

962
00:47:41,000 --> 00:47:44,480
Speaker 1: So you want to register and formalize your business account

963
00:47:44,520 --> 00:47:47,680
Speaker 1: so that you can set yourself up to qualify for

964
00:47:47,800 --> 00:47:50,759
Speaker 1: other things in the future. One of the things that

965
00:47:50,800 --> 00:47:53,359
Speaker 1: we don't do very often that we should do, and

966
00:47:53,440 --> 00:47:55,759
Speaker 1: you should do this. Once you're registered and you have

967
00:47:55,840 --> 00:47:59,359
Speaker 1: your bank account and everything is also get certified as

968
00:47:59,400 --> 00:48:02,439
Speaker 1: a minority or you know, black owned business as well,

969
00:48:02,480 --> 00:48:04,680
Speaker 1: and that qualifies you for other things. And you do

970
00:48:04,760 --> 00:48:07,920
Speaker 1: need to have your business account so you know, don't

971
00:48:07,920 --> 00:48:10,960
Speaker 1: cole mingle your funds, have a separate account for everything.

972
00:48:11,040 --> 00:48:13,720
Speaker 1: It helps you later on with your taxes and tracking

973
00:48:13,760 --> 00:48:16,000
Speaker 1: your expenses and all that good stuff as well, which

974
00:48:16,040 --> 00:48:20,480
Speaker 1: makes things easier for you, right, And yeah, it's just

975
00:48:20,520 --> 00:48:22,520
Speaker 1: an easier way to have your business operate.

976
00:48:23,000 --> 00:48:25,560
Speaker 3: I love it well to I know, we've we've there's

977
00:48:25,600 --> 00:48:26,960
Speaker 3: so much more that we can talk to you about,

978
00:48:26,960 --> 00:48:29,000
Speaker 3: and we're definitely going to tell folks where they can.

979
00:48:29,440 --> 00:48:31,200
Speaker 3: I know, you have some courses and you have a

980
00:48:31,200 --> 00:48:33,239
Speaker 3: whole website where you're sharing your tips. You're also doing

981
00:48:33,320 --> 00:48:36,000
Speaker 3: like Facebook lives and everything. But what this sort of

982
00:48:36,080 --> 00:48:38,160
Speaker 3: sounds like, you know when you're talking about and some

983
00:48:38,200 --> 00:48:40,000
Speaker 3: of the questions we've gotten have been about, you know,

984
00:48:40,120 --> 00:48:43,360
Speaker 3: choosing you know, choosing a side hustle. If you're going

985
00:48:43,400 --> 00:48:45,200
Speaker 3: to get into drop shipping, you know, what product do

986
00:48:45,239 --> 00:48:47,360
Speaker 3: you choose? And to me, it kind of sounds like

987
00:48:47,400 --> 00:48:50,160
Speaker 3: in a way you're trying to be educated to your

988
00:48:50,239 --> 00:48:52,600
Speaker 3: due diligence, but kind of time the market. It's one

989
00:48:52,600 --> 00:48:55,879
Speaker 3: of those financial double Dutch situations again, like, okay, when

990
00:48:55,880 --> 00:48:58,000
Speaker 3: do I get in? You know, are there sole protests

991
00:48:58,040 --> 00:48:59,480
Speaker 3: going on? Does it make sense to jump on the

992
00:48:59,480 --> 00:49:02,759
Speaker 3: T shirt? Or has that has that wave you know

993
00:49:02,880 --> 00:49:05,279
Speaker 3: kind of passed already? Can you talk about, you know,

994
00:49:05,400 --> 00:49:07,600
Speaker 3: advice you have for folks who are trying to figure

995
00:49:07,600 --> 00:49:10,680
Speaker 3: out what investment is. I know that there's low risk

996
00:49:10,719 --> 00:49:13,200
Speaker 3: when you're doing drop shipping because you don't hold the inventory.

997
00:49:13,239 --> 00:49:15,480
Speaker 3: You don't sell it till you know someone orders it.

998
00:49:15,560 --> 00:49:17,560
Speaker 3: But what advice do you have for folks who aren't

999
00:49:17,560 --> 00:49:21,200
Speaker 3: really sure you know which product or which which platform

1000
00:49:21,239 --> 00:49:23,000
Speaker 3: they want to move forward with first?

1001
00:49:23,320 --> 00:49:26,839
Speaker 1: So I like being a consistent one hit wonder, which

1002
00:49:26,880 --> 00:49:29,880
Speaker 1: means that I pay attention to pop culture and I

1003
00:49:29,960 --> 00:49:32,200
Speaker 1: try to slide in there, like you say, time the market.

1004
00:49:32,640 --> 00:49:35,560
Speaker 1: Try to get in there when things are hot, because

1005
00:49:35,560 --> 00:49:37,839
Speaker 1: I know there's there's going to be a crescendo at

1006
00:49:37,840 --> 00:49:40,560
Speaker 1: some point in ill arch and then go down, and

1007
00:49:40,560 --> 00:49:42,880
Speaker 1: I'm trying to get in before it goes up and down.

1008
00:49:43,080 --> 00:49:47,279
Speaker 1: That's one methodology. The other is to you know, be

1009
00:49:47,360 --> 00:49:51,359
Speaker 1: the person that's that it offers commodity items that people

1010
00:49:51,360 --> 00:49:55,480
Speaker 1: are going to, you know, want all year round every day.

1011
00:49:55,840 --> 00:49:58,600
Speaker 1: So if you're a person who's selling toilet paper, guess

1012
00:49:58,680 --> 00:50:01,600
Speaker 1: what people buy a toilet every day?

1013
00:50:01,680 --> 00:50:03,120
Speaker 4: You know it will may.

1014
00:50:03,040 --> 00:50:05,400
Speaker 1: Not be something that makes you a ton of money,

1015
00:50:05,600 --> 00:50:09,160
Speaker 1: but you will have consistent orders. So I think at

1016
00:50:09,160 --> 00:50:13,520
Speaker 1: first you have to decide what kind of celler are

1017
00:50:13,520 --> 00:50:15,839
Speaker 1: you going to be? What's your strategy? Are you the

1018
00:50:15,840 --> 00:50:18,480
Speaker 1: person who wants to always have their nose to the

1019
00:50:18,520 --> 00:50:21,319
Speaker 1: ground trying to figure out what's the next thing? Or

1020
00:50:21,400 --> 00:50:24,440
Speaker 1: are you the person who wants to be consistent and

1021
00:50:24,840 --> 00:50:27,439
Speaker 1: you know, have a steady stream that may not be

1022
00:50:27,480 --> 00:50:30,520
Speaker 1: so high so low it maybe it might be cyclical,

1023
00:50:31,600 --> 00:50:34,480
Speaker 1: but that's okay. It all depends on how much time

1024
00:50:34,560 --> 00:50:36,960
Speaker 1: you want to invest. And then the second thing is

1025
00:50:37,000 --> 00:50:39,719
Speaker 1: I think you sell something that's really comfortable for you

1026
00:50:39,800 --> 00:50:42,480
Speaker 1: to know and understand. I'm not going to be out

1027
00:50:42,520 --> 00:50:46,359
Speaker 1: there selling laptops because then I need to know all

1028
00:50:46,400 --> 00:50:50,160
Speaker 1: the components' functions et for those laptop because people who

1029
00:50:50,200 --> 00:50:53,000
Speaker 1: are interested in laptops are going to ask me if

1030
00:50:53,040 --> 00:50:55,759
Speaker 1: I don't know what I'm talking about, They're going to

1031
00:50:55,760 --> 00:50:58,040
Speaker 1: be able to sniff that out in two seconds.

1032
00:50:58,200 --> 00:50:59,480
Speaker 4: But if you talk to me about some.

1033
00:50:59,520 --> 00:51:03,160
Speaker 1: Remy ways, you know, I might be able to talk

1034
00:51:03,200 --> 00:51:06,719
Speaker 1: to you about that about bleach knots and you know,

1035
00:51:06,880 --> 00:51:11,919
Speaker 1: sixteen inches and not Remy and HD lace, et cetera,

1036
00:51:11,960 --> 00:51:15,200
Speaker 1: et cetera, because that's something I legitimately am interested in

1037
00:51:15,360 --> 00:51:17,600
Speaker 1: and I know about, so I can talk about it.

1038
00:51:18,960 --> 00:51:21,239
Speaker 1: So it makes it easier for me to sell a

1039
00:51:21,280 --> 00:51:24,719
Speaker 1: product that I know like and I'm interested in already.

1040
00:51:25,640 --> 00:51:27,359
Speaker 1: And I tell people to kind of go with what

1041
00:51:27,440 --> 00:51:30,040
Speaker 1: you know. If you can't figure out what to sell,

1042
00:51:30,600 --> 00:51:33,440
Speaker 1: go with what you know when you're comfortable with already,

1043
00:51:34,000 --> 00:51:37,359
Speaker 1: and that makes it easier for people to get their

1044
00:51:37,400 --> 00:51:39,320
Speaker 1: foot in the door. And all you need is at

1045
00:51:39,320 --> 00:51:43,839
Speaker 1: first sale that's the hardest one. Then you can kind

1046
00:51:43,840 --> 00:51:45,799
Speaker 1: of figure out what went right with that one and

1047
00:51:45,880 --> 00:51:49,399
Speaker 1: replicate it. If you're a mom, for example, and you're

1048
00:51:49,440 --> 00:51:52,560
Speaker 1: surrounded by baby toys, you might just be an expert

1049
00:51:53,080 --> 00:51:54,720
Speaker 1: in baby toys at this point.

1050
00:51:55,440 --> 00:51:57,280
Speaker 4: So maybe you don't.

1051
00:51:57,120 --> 00:51:59,120
Speaker 1: Love it because they're all making sounds and they're driving

1052
00:51:59,160 --> 00:52:03,719
Speaker 1: you crazy. And I'm speaking from experience, but you know

1053
00:52:04,000 --> 00:52:05,880
Speaker 1: a lot about these toys. You know it's good for

1054
00:52:05,920 --> 00:52:07,759
Speaker 1: a certain age. You know what should be in the

1055
00:52:07,760 --> 00:52:09,680
Speaker 1: mouth or it's not in the mouth. What works with

1056
00:52:09,719 --> 00:52:12,160
Speaker 1: this toy. What doesn't work with this toy? And then

1057
00:52:12,239 --> 00:52:15,719
Speaker 1: maybe that's something that you could think about selling because

1058
00:52:15,760 --> 00:52:17,840
Speaker 1: you've had some experience with that, you've worked with that,

1059
00:52:17,880 --> 00:52:22,680
Speaker 1: you've touched it, and then you're comfortable with that. So

1060
00:52:22,920 --> 00:52:27,640
Speaker 1: you know, don't chasee just the dollar because that's going

1061
00:52:27,680 --> 00:52:31,640
Speaker 1: to get very old and tired, very very quickly. Go

1062
00:52:31,800 --> 00:52:34,759
Speaker 1: for something you know that's easy, that you can go

1063
00:52:34,800 --> 00:52:37,479
Speaker 1: ahead and do research about, that you can talk about

1064
00:52:37,560 --> 00:52:39,680
Speaker 1: because you're going to have to sell it, and you

1065
00:52:39,719 --> 00:52:41,680
Speaker 1: can't sell something that you don't know.

1066
00:52:42,320 --> 00:52:44,120
Speaker 2: That's a good point to make.

1067
00:52:45,360 --> 00:52:49,320
Speaker 3: I'm immediately thinking of ways I can create a branded

1068
00:52:49,400 --> 00:52:52,959
Speaker 3: pot and pan with a wooden spoon that your little

1069
00:52:53,000 --> 00:52:55,480
Speaker 3: one can bying to their hearts content that's been a

1070
00:52:55,480 --> 00:52:56,160
Speaker 3: big hit lately.

1071
00:52:57,719 --> 00:52:59,880
Speaker 1: And then just one last question, standy, So like just

1072
00:53:00,080 --> 00:53:02,080
Speaker 1: maybe some quick marketing tips. It's like, you have this

1073
00:53:02,160 --> 00:53:05,040
Speaker 1: great T shirt you know, you're you said you went

1074
00:53:05,120 --> 00:53:08,400
Speaker 1: viral a couple of times. Yep, So some quick marketing

1075
00:53:08,600 --> 00:53:10,960
Speaker 1: you know, like, hey, you know you might not have

1076
00:53:10,960 --> 00:53:13,080
Speaker 1: a big old following or a lot of followers on

1077
00:53:13,120 --> 00:53:16,040
Speaker 1: social what's some great ways that people can market It's

1078
00:53:16,080 --> 00:53:19,600
Speaker 1: funny because the internet has been in one ways the

1079
00:53:19,680 --> 00:53:23,080
Speaker 1: great equalizer in people being able to reach a bigger audience,

1080
00:53:23,360 --> 00:53:26,240
Speaker 1: But at the same time it's made it difficult because

1081
00:53:26,280 --> 00:53:28,879
Speaker 1: there's so many people doing at the same time. So

1082
00:53:29,120 --> 00:53:32,719
Speaker 1: marketing is the toughest part of any of this. The

1083
00:53:32,760 --> 00:53:36,080
Speaker 1: first difficult part, I think is identifying the product, and

1084
00:53:36,360 --> 00:53:40,799
Speaker 1: the next is marketing. But marketing is even worse. So

1085
00:53:41,160 --> 00:53:43,400
Speaker 1: I'm down on MLMs because they force you to go

1086
00:53:43,440 --> 00:53:45,279
Speaker 1: to your family and friends and try to market to them,

1087
00:53:45,280 --> 00:53:48,040
Speaker 1: and that gets old and tired very quickly. I always say,

1088
00:53:48,040 --> 00:53:49,920
Speaker 1: your your family and friends aren't your customers, and if

1089
00:53:49,960 --> 00:53:51,680
Speaker 1: they are, they're just being.

1090
00:53:51,600 --> 00:53:52,479
Speaker 4: Nice to help you out.

1091
00:53:52,680 --> 00:53:53,200
Speaker 2: But you can't.

1092
00:53:53,239 --> 00:53:54,920
Speaker 1: You can only sell to them once or twice. You

1093
00:53:54,920 --> 00:53:57,440
Speaker 1: can't continuously sell to them, right, So you've got to

1094
00:53:57,440 --> 00:54:03,040
Speaker 1: find new new people to sell to. And so that's

1095
00:54:03,040 --> 00:54:06,920
Speaker 1: where I think the internet's been really great equalizer. Everyone

1096
00:54:06,920 --> 00:54:10,640
Speaker 1: can make a website very quickly, very cheaply, and if

1097
00:54:10,680 --> 00:54:12,440
Speaker 1: you can't do it yourself, you can hire somebody who

1098
00:54:12,440 --> 00:54:15,800
Speaker 1: could do it for you. Every business needs a website

1099
00:54:15,840 --> 00:54:20,239
Speaker 1: because people will google you or your product immediately, so

1100
00:54:20,280 --> 00:54:23,080
Speaker 1: that's your first marketing thing, and people don't think of

1101
00:54:23,120 --> 00:54:26,319
Speaker 1: it as something that's related to marketing, but it really is.

1102
00:54:26,400 --> 00:54:29,040
Speaker 1: It's your business card on the web. So one, have

1103
00:54:29,120 --> 00:54:33,000
Speaker 1: a business website or have a website for your product.

1104
00:54:33,239 --> 00:54:37,640
Speaker 1: Two is I look for sometimes influencers within the space

1105
00:54:38,239 --> 00:54:42,920
Speaker 1: who will allow me to market on their channels. So

1106
00:54:43,080 --> 00:54:47,000
Speaker 1: if it's Instagram and if I'm selling if I'm selling

1107
00:54:47,000 --> 00:54:50,839
Speaker 1: Mandy's pots and pants or babies, I'm looking for a

1108
00:54:50,880 --> 00:54:53,600
Speaker 1: mom or a marketer within the baby space or a

1109
00:54:53,719 --> 00:54:56,880
Speaker 1: family space, and then I'll approach because a lot of

1110
00:54:56,880 --> 00:55:01,920
Speaker 1: these a lot of the influencers do market products. They'll

1111
00:55:01,960 --> 00:55:03,920
Speaker 1: tag oh, I'm working with so and so for this

1112
00:55:03,960 --> 00:55:06,960
Speaker 1: product or service. It will cost you some money, but

1113
00:55:07,000 --> 00:55:09,839
Speaker 1: if they have a bludge enough following, you're putting your

1114
00:55:09,880 --> 00:55:13,080
Speaker 1: product directly in front of a very targeted audience who

1115
00:55:13,120 --> 00:55:17,120
Speaker 1: would most likely be interested in your product. So don't

1116
00:55:17,120 --> 00:55:20,799
Speaker 1: sleep on influencer marketing. It can be very, very effective

1117
00:55:20,840 --> 00:55:22,200
Speaker 1: and very cost effective.

1118
00:55:22,320 --> 00:55:22,800
Speaker 2: I think.

1119
00:55:23,719 --> 00:55:27,080
Speaker 1: The next I think are Google and Facebook ads. Everyone's

1120
00:55:27,080 --> 00:55:29,839
Speaker 1: all about Facebook, but Google is a behemoth in the room.

1121
00:55:30,880 --> 00:55:34,680
Speaker 1: And Google has a whole ad team that will help

1122
00:55:34,800 --> 00:55:37,719
Speaker 1: you craft and create your ads, and oftentimes they will

1123
00:55:37,760 --> 00:55:41,040
Speaker 1: give you a one hundred dollars ad credit right, So

1124
00:55:41,200 --> 00:55:44,960
Speaker 1: free hundred dollars to advertise yourself and they're going to

1125
00:55:45,000 --> 00:55:48,840
Speaker 1: help you craft your ad for you to advertise your stuff.

1126
00:55:48,840 --> 00:55:50,600
Speaker 1: So every website that you go to that you see

1127
00:55:50,600 --> 00:55:53,040
Speaker 1: an add on, it may have come through Google's network

1128
00:55:53,480 --> 00:55:55,920
Speaker 1: and so there are you know, so many billions of

1129
00:55:56,280 --> 00:56:01,400
Speaker 1: websites across the globe. If you target specifically the website

1130
00:56:01,600 --> 00:56:04,759
Speaker 1: that you want to reach, that's a good way too.

1131
00:56:04,920 --> 00:56:08,960
Speaker 1: As well as being on Facebook, Facebook has their own

1132
00:56:09,680 --> 00:56:14,160
Speaker 1: ad platform and so it will put ads on Facebook

1133
00:56:14,239 --> 00:56:17,319
Speaker 1: and on other websites as well, so you can, you know,

1134
00:56:17,360 --> 00:56:20,600
Speaker 1: get in a Facebook ad going for not much money

1135
00:56:20,680 --> 00:56:24,360
Speaker 1: at all. The only thing with Facebook I think is

1136
00:56:24,400 --> 00:56:27,960
Speaker 1: that there is a learning curve and you can throw

1137
00:56:28,040 --> 00:56:30,640
Speaker 1: good money after bad if you don't know what you're doing.

1138
00:56:31,520 --> 00:56:34,400
Speaker 1: So I definitely would look at facebooks. They have a

1139
00:56:34,400 --> 00:56:38,200
Speaker 1: bunch of videos directly on Facebook themselves on how to

1140
00:56:38,280 --> 00:56:42,759
Speaker 1: craft and add on Facebook. And then the last thing

1141
00:56:42,880 --> 00:56:48,399
Speaker 1: is encouraging if you've got close friends and family people

1142
00:56:48,440 --> 00:56:51,279
Speaker 1: who legitimately would like your product or service, I give

1143
00:56:51,360 --> 00:56:54,120
Speaker 1: stuff away for free and then be like tell them

1144
00:56:54,120 --> 00:56:58,640
Speaker 1: where you got it, and yes, before I forget, don't

1145
00:56:58,640 --> 00:57:02,520
Speaker 1: be afraid of putting your product on the larger marketplaces.

1146
00:57:03,040 --> 00:57:06,480
Speaker 1: Amazon is one of the biggest sites on the planet

1147
00:57:06,520 --> 00:57:09,319
Speaker 1: for a reason. People go there to shop. So even

1148
00:57:09,360 --> 00:57:11,279
Speaker 1: though it's a drop shipping product, maybe I'll have one

1149
00:57:11,360 --> 00:57:13,520
Speaker 1: or two on hand, but people are going to see

1150
00:57:13,560 --> 00:57:17,760
Speaker 1: my product and so maybe I make a smaller margin.

1151
00:57:18,440 --> 00:57:23,200
Speaker 1: But it's on a marketplace, whether it's eBay, Amazon, whatever

1152
00:57:23,240 --> 00:57:27,560
Speaker 1: the other marketplaces are, it's putting my product in other

1153
00:57:27,600 --> 00:57:30,840
Speaker 1: people's eyes. And also those platforms they also have their

1154
00:57:30,880 --> 00:57:33,960
Speaker 1: own ad programs as well, so you can advertise on

1155
00:57:34,200 --> 00:57:39,400
Speaker 1: their platforms your product to reach other people. So this

1156
00:57:39,440 --> 00:57:41,360
Speaker 1: is the case where sometimes you have to spend money

1157
00:57:41,400 --> 00:57:43,960
Speaker 1: to make money, and I think we get hung up

1158
00:57:44,000 --> 00:57:47,840
Speaker 1: on that a little bit, but I think it's a

1159
00:57:47,880 --> 00:57:50,320
Speaker 1: good reason to spend the money. And also it's a

1160
00:57:50,360 --> 00:57:51,520
Speaker 1: write off for your business.

1161
00:57:51,840 --> 00:57:54,880
Speaker 3: I like by you are a guru, I have a

1162
00:57:54,880 --> 00:57:57,240
Speaker 3: million work questions. Were gonna have you on again, yes,

1163
00:57:57,320 --> 00:57:59,560
Speaker 3: but just to clarify the Amazon point. So that's like

1164
00:57:59,560 --> 00:58:02,080
Speaker 3: a way of legitimizing your business. It's not necessarily the

1165
00:58:02,080 --> 00:58:04,560
Speaker 3: best place to, like, you know, bring in cash flow

1166
00:58:04,560 --> 00:58:07,240
Speaker 3: because of the volume of people selling on there, but

1167
00:58:07,720 --> 00:58:10,160
Speaker 3: you see it as a way to like, oh, Sandy

1168
00:58:10,160 --> 00:58:13,600
Speaker 3: Smith Incorporated is selling products there, and if someone's looking

1169
00:58:13,600 --> 00:58:15,440
Speaker 3: for something, they might see that and then want to

1170
00:58:15,480 --> 00:58:17,120
Speaker 3: know what else you have in your you.

1171
00:58:17,160 --> 00:58:20,400
Speaker 2: Know, Amazon products come up on a Google search, you know.

1172
00:58:21,080 --> 00:58:23,440
Speaker 3: Yeah, and I imagine like how you name your product

1173
00:58:23,520 --> 00:58:26,520
Speaker 3: probably matters because of the tyler's searching for the title

1174
00:58:26,560 --> 00:58:26,760
Speaker 3: of it.

1175
00:58:26,840 --> 00:58:31,439
Speaker 1: Right, The title matters a lot. The title matters a lot.

1176
00:58:31,600 --> 00:58:33,160
Speaker 1: And then we can get into Amazon a little bit

1177
00:58:33,160 --> 00:58:36,840
Speaker 1: because the Amazon has a whole different program that's perfect

1178
00:58:36,840 --> 00:58:40,680
Speaker 1: for Christmas where people that's where people tend to make

1179
00:58:40,680 --> 00:58:43,080
Speaker 1: the most money. But yeah, even if you just have

1180
00:58:43,200 --> 00:58:45,600
Speaker 1: your products on Amazon, you have a limited you know

1181
00:58:45,680 --> 00:58:49,480
Speaker 1: number people when they Google because Amazon pays for ads

1182
00:58:49,520 --> 00:58:51,600
Speaker 1: even though you don't pay for ads sometimes and so

1183
00:58:51,800 --> 00:58:55,480
Speaker 1: your product may rank high on a Google search just

1184
00:58:55,560 --> 00:58:58,840
Speaker 1: for being on Amazon. That's not the strategy. And so

1185
00:58:59,320 --> 00:59:01,640
Speaker 1: you know, people can find it, and what people will

1186
00:59:01,640 --> 00:59:04,600
Speaker 1: often do is they will look for the site for

1187
00:59:04,640 --> 00:59:07,200
Speaker 1: that product. So if you're you're able to put your

1188
00:59:07,200 --> 00:59:09,200
Speaker 1: own brand name, now this is going deep. You can

1189
00:59:09,240 --> 00:59:12,160
Speaker 1: put your own brand name on Amazon and so people

1190
00:59:12,200 --> 00:59:15,080
Speaker 1: will click so look at the you know, the products

1191
00:59:15,120 --> 00:59:18,040
Speaker 1: that your brand has, or they'll Google your brand name

1192
00:59:18,480 --> 00:59:20,440
Speaker 1: or your company name that you're put on that slot,

1193
00:59:20,680 --> 00:59:22,160
Speaker 1: and then they can come over to your site and

1194
00:59:22,160 --> 00:59:23,480
Speaker 1: find your product.

1195
00:59:24,880 --> 00:59:26,080
Speaker 3: Thank you, Nicky J.

1196
00:59:27,640 --> 00:59:28,120
Speaker 2: Smarty.

1197
00:59:28,720 --> 00:59:31,240
Speaker 3: Well, there's so much, there's a there's there's a ton

1198
00:59:31,280 --> 00:59:33,440
Speaker 3: of information to cover. We don't have a ton a

1199
00:59:33,480 --> 00:59:36,120
Speaker 3: ton of time, but Sandy tel folks where they can

1200
00:59:36,160 --> 00:59:40,800
Speaker 3: get some resources and learn more from you about creating

1201
00:59:40,840 --> 00:59:43,920
Speaker 3: side hustle income and doing it like it should be,

1202
00:59:44,040 --> 00:59:44,880
Speaker 3: like a real business.

1203
00:59:45,360 --> 00:59:45,600
Speaker 4: Yeah.

1204
00:59:45,600 --> 00:59:48,200
Speaker 1: So my main hub is the Samchap dot com and

1205
00:59:48,240 --> 00:59:50,440
Speaker 1: there'll be more stuff coming out on side hustles. You

1206
00:59:50,480 --> 00:59:52,560
Speaker 1: want to check out the article top side hustles to

1207
00:59:52,600 --> 00:59:56,040
Speaker 1: Booster Income through Quarantine and after where I go through

1208
00:59:56,040 --> 00:59:58,200
Speaker 1: a lot and there's also an hour long video there

1209
00:59:58,240 --> 01:00:00,120
Speaker 1: as well, So I really cover.

1210
01:00:00,040 --> 01:00:01,640
Speaker 4: A lot of side hustles there.

1211
01:00:01,960 --> 01:00:03,880
Speaker 1: And then if you're really into it and you want

1212
01:00:03,880 --> 01:00:05,440
Speaker 1: to be abound a group of other people who are

1213
01:00:05,440 --> 01:00:08,640
Speaker 1: side hustling, because sometimes it feels good to bounce your

1214
01:00:08,640 --> 01:00:10,720
Speaker 1: ideas off of other people who are kind of in

1215
01:00:10,760 --> 01:00:14,200
Speaker 1: the same headspace. The hustlecrew dot com. It will take

1216
01:00:14,240 --> 01:00:17,000
Speaker 1: you to my side hustle group and they're like nineteen

1217
01:00:17,040 --> 01:00:19,640
Speaker 1: thousand people in there. So there's bound to be somebody

1218
01:00:19,720 --> 01:00:22,960
Speaker 1: who has either tried what you're doing or you know

1219
01:00:23,200 --> 01:00:26,280
Speaker 1: before you spend your money, because we've saved a lot

1220
01:00:26,280 --> 01:00:29,360
Speaker 1: of people from scams just to even come do some

1221
01:00:29,440 --> 01:00:31,200
Speaker 1: market research or figure out.

1222
01:00:31,080 --> 01:00:32,360
Speaker 4: Is this legit or knowledge it?

1223
01:00:32,880 --> 01:00:35,880
Speaker 3: That's amazing. Hustle Crew is the hustle crew dot com.

1224
01:00:35,880 --> 01:00:37,880
Speaker 4: The Hustle Crew all right, it's awesome.

1225
01:00:38,160 --> 01:00:40,360
Speaker 3: Check the show notes y'all will have links to all that. Sandy,

1226
01:00:40,400 --> 01:01:00,000
Speaker 3: thank you so much. I'm so loudy thank you.