What It's About
A recent graduate creates a service to help parents monitor their kids’ internet use.
Words of Wisdom
This service clearly responds to a major concern of a lot of parents. Most parents don’t want to completely restrict or prohibit their kids from using the internet, but of course they want them to be safe. The LiveSnoop service provides not only security but peace of mind as well... which is very valuable to parents.
This circles back to what we've learned with previous episodes (remember those low-cost chicken saddles?): when you focus on the needs of your customers, you're more likely to find success with your side hustle.
Ian uses a recurring revenue model with his service, LiveSnoop. Almost all software is priced this way now. It used to be that you purchased software once only, or maybe once every couple of years for a new version. But now, the industry standard is to pay monthly. This helps to support customer service and product improvements.
The beauty of it is that once you have paying subscribers, as long as they’re actively using the service, they’re not likely to cancel—at least most of them aren’t.
Earn 50,000 travel rewards points (enough for 2 round-trip plane tickets or $625 in travel credit). You'll also earn 2x points on all travel and dining spend, with zero foreign transaction fees.
I use this card every day all over the world! ✈️
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Quote of the Day
Sponsors & Gratitude
Today’s episode of Side Hustle School is brought to you by ShipStation, the #1 choice of online sellers. 📦
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To infinity and beyond,