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There are three steps to make money from a side hustle, and I wish you an early realization of financial freedom

author:A world reunited with God

Step 1: Trial and error at a low cost

Minimum cost verification, spend the least amount of money to be able to appear transactions, orders, and get income, even if it is 1 yuan.

There are three steps to make money from a side hustle, and I wish you an early realization of financial freedom

Step 2: Calculate the input-output ratio and transaction efficiency

When you get the revenue, then you have to calculate the cost - the cost of time, how much time is spent, how much service cost is spent, how much resources or how much effort is spent, the cost of customer acquisition, do you want to buy the volume, how do you get this user?

If each one needs to be operated manually, when you can only serve five or six people a day, it means that the efficiency is relatively low. Can it be outsourced? Can it be used to reduce the cost through tools? And then continue to polish it, see how others do it, see if there are cheaper resources, better channels, and whether there is higher value-added space.

There are three steps to make money from a side hustle, and I wish you an early realization of financial freedom

Step 3: Expand Value,

For example, if I sell 99 products this time, can I sell 999 next time?

You have to know that when you make 99 products and 999 products, their difficulty is not 1 to 10, but 1 to 2 or 1 to 3, or it may be 1 to 1.

The workload of your 99 products is one, so what is the workload of 999?

If you can make a product with 10 times the value of your time or effort by spending twice as much time, can you do it?

Think for yourself, ponder for yourself, what about 9999?

You have to think for yourself, you say you can't do it today, that's no way, then how can you do it, you have to keep thinking, keep thinking, every day you have to #make money#

There are three steps to make money from a side hustle, and I wish you an early realization of financial freedom

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