Shine Bright Like a Diamond (and Sell Them)

What It’s About

A jewelry store manager sees the diamond in the rough.

Words of Wisdom

Lauren shares some important words regarding whether or not to keep your main hustle, “Not every side hustle needs to become your main job. Full-time entrepreneurship isn’t for everyone, so don’t get caught up in the idea that you have to quit your job.”

Fun Fact

In 1477, Archduke Maximillian of Austria gave the very first diamond engagement ring on record to Mary of Burgundy. This began a trend for diamond rings among European aristocracy and nobility.

Notes from Chris

Episode 2040
At age 28, Lauren Priori was working as a manager for an antique jewelry company in Philadelphia. While she loved her job, she also yearned for something more. Luckily, her bosses—she had four of them—were cool with her having an entrepreneurial spirit and making some extra cash on the side. But the quartet of bosses had no idea she’d be leaving her day job so soon.

You see, Lauren had a lot of good ideas. Her execution, however, wasn’t so great at first.

She started out buying antique jewelry and selling it on Etsy, the online craft marketplace…but her photography skills weren’t up to par, and the business never took off. She also started a line of silver jewelry but didn’t know how to price it properly and sell it to retailers.

But in 2015, Lauren’s friend Megan was ready to get engaged and asked Lauren if she’d help her with the engagement ring. Lauren had never sold an engagement ring before…even though she was a gemologist and knew plenty about diamonds and jewelry manufacturing from her day job. So Lauren asked her favorite diamond dealers to loan her some diamonds to show Megan.

Here’s where Lauren’s day job and her connections came in handy…those dealers would never have loaned out $50,000 worth of diamonds to a stranger. Lauren brought the diamonds home and walked Megan through the diamond selection process, and they settled on a ring design. After paying a deposit, Megan mentioned how much better this was than going to a jewelry store and picking an “off the rack” ring from a glass case. And she told Lauren that she should do this as a business.

Lauren was pretty sure it wasn’t a business—but she was happily wrong. After posting the ring on her personal Instagram, Lauren soon got another order from a friend, and then more friends of friends. A year later, she rented office space and quit her day job to pursue L. Priori Jewelry full-time.

Lauren now has twelve employees in three locations and did more than $1M in sales in 2019. She still trains her sales team to recreate that same personal one-on-one design experience she had with her friend Megan.

Going forward, Lauren plans to keep growing the company with a goal of hitting $50M in revenue. She is also an investor, providing capital and guidance to small businesses that can benefit from her knowledge and experience.

 


 

MENTIONED IN THIS EPISODE:

  • Learn more about Lauren and checkout her beautiful jewelry collection at her website, Lpriorijewelry.com.

SEE ALSO:

Inspiration is good; inspiration combined with action is better. Now get back to work!

Yours in the revolution,

cg-sig-newsletter

Resources

WEB HOSTING @ $2.49/MONTH

Want to build any kind of website for your hustle? If so, you'll need somewhere to host it! This is the reliable company I've used for many websites. It's cheap, flexible, and offers support 24-7.

Get your own hosting plan for just $2.49 a month!
Learn More

GET $625 IN FREE TRAVEL

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! ✈️ Learn More

Quote of the Day
"Not every side hustle needs to become your main job. Full-time entrepreneurship isn’t for everyone, so don’t get caught up in the idea that you have to quit your job."
—Lauren Priori #SideHustleSchool

Sponsors & Gratitude

Try ShipStation for 60 Days FREE!

Today’s episode of Side Hustle School is brought to you by ShipStation, the #1 choice of online sellers. 📦

To get a 30-day trial AND an additional month free, click the microphone at the top of their page and enter the word HUSTLE.
Get it Here

Like the Show? Leave a Rating!

Side Hustle School is for you! If you’re enjoying it, please take a quick moment to leave a rating or write a quick review. It's really easy and it makes a difference! ✅

It also makes a huge difference when you tell your friends about the show. Remember, it's 100% free and listener-supported.
Here's How

Keep in Touch

There’s a new story every single day on Side Hustle School. Episodes are produced to be short and to the point—I know you’re busy. Be sure you subscribe to get instant notification of the day’s broadcast!


To infinity and beyond,

Chris Guillebeau

First $1,000: “I posted videos on TikTok and started getting paid…”

What It’s About

A teacher educates herself on how to monetize her viral TikTok videos.

Notes from Chris

Episode 2039

Today’s episode is part of a new feature we’re doing in 2022 called ‘Your First $1,000.’ As you might surmise from the title, this is all about how someone made their first $1,000.

How did they get to that point? Not their first $100,000—that’s cool, but it would probably be a long story.

One thing I’ve learned is that once you begin to earn real money, the steps required to go to the next level—whether it’s $1,000 to $2,000, or even to $5,000 or $10,000 are often easier than that first real paycheck.

With that in mind, today’s feature comes from Rebecca Rogers, the social studies TikTok sensation. We first featured her back on Episode #1641: Social Studies Teacher Gains 1.5 Million TikTok Followers.

She now has much more than 1.5 million, and she’s on multiple social networks. But what about those early days—how did she make that happen, what did it feel like, and what did she learn?

Listen to today’s episode to learn more…

 


 

MENTIONED IN THIS EPISODE:

  • Thanks to Rebecca for telling us about their first $1,000. I hope you found it encouraging. Check her out on TikTok @rrogersworld.

SEE ALSO:

Inspiration is good; inspiration combined with action is better. Now get back to work!

Yours in the revolution,

cg-sig-newsletter

Resources

WEB HOSTING @ $2.49/MONTH

Want to build any kind of website for your hustle? If so, you'll need somewhere to host it! This is the reliable company I've used for many websites. It's cheap, flexible, and offers support 24-7.

Get your own hosting plan for just $2.49 a month!
Learn More

GET $625 IN FREE TRAVEL

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! ✈️ Learn More

Sponsors & Gratitude

Don't Do Business Without It

Side Hustle School is brought to you by American Express.

No matter what you do in business, from working nine-to-five to working five-to-nine, it’s easier when you don’t go it alone. Get the powerful backing of American Express—don't do business without it! 💳 Visit American Express

Like the Show? Leave a Rating!

Side Hustle School is for you! If you’re enjoying it, please take a quick moment to leave a rating or write a quick review. It's really easy and it makes a difference! ✅

It also makes a huge difference when you tell your friends about the show. Remember, it's 100% free and listener-supported.
Here's How

Keep in Touch

There’s a new story every single day on Side Hustle School. Episodes are produced to be short and to the point—I know you’re busy. Be sure you subscribe to get instant notification of the day’s broadcast!


To infinity and beyond,

Chris Guillebeau

Q&A: “How many income streams is best?”

What It’s About

Today’s caller wants to know if you can have too many ways of making money?

Notes from Chris

Episode 2038

Like Alan Jackson said, “Too much money … no such thing.” But what about sources of that money, also known as income streams?

Today’s caller is diving into the world of side hustling, already earning money from one or two sources with plans to add more. Still, they’re now wondering if there’s an optimal number, especially considering the need to focus as well as keep up with that day job. Let’s see if we can help them out…

“I’ve been selling on eBay, and I’d like to do more of that. I’m also trying to build a website and learn about coding. And then, of course, I have several other ideas on the back-burner, mostly from listening to the show and hearing cool stories.

I know that I can’t stretch myself too thin, and I also have a day job, but I like doing different things and I want to make sure my income is truly diversified. Therefore I’m wondering: how many income streams is best for the average person? Is there an optimal number? “

Listen to today’s episode to learn more…

 


 

SEE ALSO:

Inspiration is good; inspiration combined with action is better. Now get back to work!

Yours in the revolution,

cg-sig-newsletter

Resources

GET $625 IN FREE TRAVEL

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! ✈️ Learn More

CREATE YOUR ONLINE STORE

Create your online store with Shopify using an exclusive discount for Side Hustle School listeners. For a limited time, get a free 21-day trial and a 10% discount for a whole year.

Many Side Hustle School listeners are building sites using Shopify's easy-to-learn platform. Try it free today! Learn More

Sponsors & Gratitude

Learn More With Skillshare!

Supporting the sponsors keeps the show free. Today’s episode of Side Hustle School is brought to you by Skillshare. 📷

Skillshare is giving Side Hustle School listeners 2 months of unlimited access—for $0.99! Join the 2 million students learning everything from street photography to SEO on Skillshare today!
Get Started Here!

Like the Show? Leave a Rating!

Side Hustle School is for you! If you’re enjoying it, please take a quick moment to leave a rating or write a quick review. It's really easy and it makes a difference! ✅

It also makes a huge difference when you tell your friends about the show. Remember, it's 100% free and listener-supported.


Here's How

Keep in Touch

There’s a new story every single day on Side Hustle School. Episodes are produced to be short and to the point—I know you’re busy. Be sure you subscribe to get instant notification of the day’s broadcast!


To infinity and beyond,

Chris Guillebeau

Q&A: Are there any *good* MLM companies?

What It’s About

Today’s caller wants to know if a legit MLM (multi-level marketing) company exists. Hahahaha

Notes from Chris

Episode 2037

Let’s have some fun! How? By talking about multilevel marketing! This is always such a joy … whenever this happens, I inevitably get emails from MLM fans.

I love hearing from people who want to sell me on why their program is so different…

I’ll tell you right now before we hear the question that I don’t have a favorable opinion of this industry. It’s predatory and is responsible for a lot of good people losing their money. But hey, how do I really feel?? Might as well hear the question and see if there’s something to be learned one way or another.

“Have you talked much about network marketing? A close friend of mine is really into it, although she doesn’t call it network marketing or MLM because people have lots of pre-conceived ideas about it.

I’d imagine that it’s like lots of other businesses or companies, in that there are some bad apples but also a lot of lucrative opportunities if you can find your way through the maze. Can you recommend a few of the better ones?”

Listen to today’s episode to learn more…

 


 

SEE ALSO:

Inspiration is good; inspiration combined with action is better. Now get back to work!

Yours in the revolution,

cg-sig-newsletter

Resources

CREATE YOUR ONLINE STORE

Create your online store with Shopify using an exclusive discount for Side Hustle School listeners. For a limited time, get a free 21-day trial and a 10% discount for a whole year.

Many Side Hustle School listeners are building sites using Shopify's easy-to-learn platform. Try it free today! Learn More

GET YOUR FIRST 1,000 EMAIL SUBSCRIBERS

Social media is nice, but building an email list is still the single best way to get customers and clients for your hustle. It's not hard to get started—sign up for a 30-day trial and join the list-building challenge! You’ll be up and running in no time. Learn More

Sponsors & Gratitude

Don't Do Business Without It

Side Hustle School is brought to you by American Express.

No matter what you do in business, from working nine-to-five to working five-to-nine, it’s easier when you don’t go it alone. Get the powerful backing of American Express—don't do business without it! 💳 Visit American Express

Like the Show? Leave a Rating!

Side Hustle School is for you! If you’re enjoying it, please take a quick moment to leave a rating or write a quick review. It's really easy and it makes a difference! ✅

It also makes a huge difference when you tell your friends about the show. Remember, it's 100% free and listener-supported.
Here's How

Keep in Touch

There’s a new story every single day on Side Hustle School. Episodes are produced to be short and to the point—I know you’re busy. Be sure you subscribe to get instant notification of the day’s broadcast!


To infinity and beyond,

Chris Guillebeau

Failure Friday: “Despite my best efforts, no one was buying…”

What It’s About

A coach dives into social media marketing a bit too soon.

Notes from Chris

Episode 2036

I believe we can learn as much from failure as we can from success, if not more. It’s with this principle in mind that I offer you a weekly segment called Failure Friday: a collection of short stories all about mistakes, missteps, disasters, and of course, failure.

Just like our Throwback Thursday segment, you’ll hear directly from side hustlers who have struggled to get something off the ground. They’ll tell you a short story of something that went very wrong.

The stories will vary, but often it starts with an idea, what they thought would happen and what really happened—and of course, what they learned.

Today’s short story features Shana Hartman, owner of Synergy Wellness. She’s going to tell us about using Facebook ads too soon!

Listen to today’s episode to learn more…

 


 

MENTIONED IN THIS EPISODE:

SEE ALSO:

Inspiration is good; inspiration combined with action is better. Now get back to work!

Yours in the revolution,

cg-sig-newsletter

Resources

CREATE YOUR ONLINE STORE

Create your online store with Shopify using an exclusive discount for Side Hustle School listeners. For a limited time, get a free 21-day trial and a 10% discount for a whole year.

Many Side Hustle School listeners are building sites using Shopify's easy-to-learn platform. Try it free today! Learn More

GET YOUR FIRST 1,000 EMAIL SUBSCRIBERS

Social media is nice, but building an email list is still the single best way to get customers and clients for your hustle. It's not hard to get started—sign up for a 30-day trial and join the list-building challenge! You’ll be up and running in no time. Learn More

Sponsors & Gratitude

Don't Do Business Without It

Side Hustle School is brought to you by American Express.

No matter what you do in business, from working nine-to-five to working five-to-nine, it’s easier when you don’t go it alone. Get the powerful backing of American Express—don't do business without it! 💳 Visit American Express

Like the Show? Leave a Rating!

Side Hustle School is for you! If you’re enjoying it, please take a quick moment to leave a rating or write a quick review. It's really easy and it makes a difference! ✅

It also makes a huge difference when you tell your friends about the show. Remember, it's 100% free and listener-supported.
Here's How

Keep in Touch

There’s a new story every single day on Side Hustle School. Episodes are produced to be short and to the point—I know you’re busy. Be sure you subscribe to get instant notification of the day’s broadcast!


To infinity and beyond,

Chris Guillebeau

TBT: The Intersection of Customization and Convenience

What It’s About

A joyful update from the creator of the Happy Box subscription service.

Notes from Chris

Episode 2035

Welcome to Throwback Thursday / “Where are they now?” where we take an in-depth look at someone who’s story has evolved considerably since we first featured them.

Last week, we heard from the founder of Go Last Minute, a travel booking portal that now offers a whitelist option for licensing.

Today, in our latest feature, we’ll hear from Hannah Redmond, co-founder of Happy Box.

She and her co-founder (her sister!) quit their New York City advertising jobs in the height of the pandemic—because their side hustle was doing so well!

Hannah will tell us a little about that, among other things, and she’ll also include some advice on working with a sibling.

Listen to today’s episode to hear Hannah’s updates…

 


 

MENTIONED IN THIS EPISODE:

 

SEE ALSO:

Inspiration is good; inspiration combined with action is better. Now get back to work!

Yours in the revolution,

cg-sig-newsletter

Resources

CREATE YOUR ONLINE STORE

Create your online store with Shopify using an exclusive discount for Side Hustle School listeners. For a limited time, get a free 21-day trial and a 10% discount for a whole year.

Many Side Hustle School listeners are building sites using Shopify's easy-to-learn platform. Try it free today! Learn More

GET YOUR FIRST 1,000 EMAIL SUBSCRIBERS

Social media is nice, but building an email list is still the single best way to get customers and clients for your hustle. It's not hard to get started—sign up for a 30-day trial and join the list-building challenge! You’ll be up and running in no time. Learn More

Sponsors & Gratitude

Don't Do Business Without It

Side Hustle School is brought to you by American Express.

No matter what you do in business, from working nine-to-five to working five-to-nine, it’s easier when you don’t go it alone. Get the powerful backing of American Express—don't do business without it! 💳 Visit American Express

Like the Show? Leave a Rating!

Side Hustle School is for you! If you’re enjoying it, please take a quick moment to leave a rating or write a quick review. It's really easy and it makes a difference! ✅

It also makes a huge difference when you tell your friends about the show. Remember, it's 100% free and listener-supported.
Here's How

Keep in Touch

There’s a new story every single day on Side Hustle School. Episodes are produced to be short and to the point—I know you’re busy. Be sure you subscribe to get instant notification of the day’s broadcast!


To infinity and beyond,

Chris Guillebeau

Q&A: “I don’t know where my customers are coming from…”

What It’s About

Today’s listener seeks advice on how to learn more about their customers.

Notes from Chris

Episode 2034

A consultant wonders how customers are finding them. If you don’t know the answer to this question, you might be doing the wrong things—but how do you find out?

First, why is this important? As I said, you could be making decisions based on incorrect information. You could be spending a lot of time on Instagram even though not a single client has ever found you that way. You could be devoting hours to writing a blog that no one reads. And it’s not just your time, as important as that is—you could be spending money on ads that aren’t converting. But if you have customers coming in from another source, you might misattribute them to the ads and keep wasting money.

You get it, right? Let’s see if we can help this caller.

“Google analytics doesn’t show nearly as much info as it used to. Most search terms are blocked in the reports, so I really don’t know where people are coming from.

I want to invest in some ads for my consulting service but since I know most money spent on advertising is wasted, I want to make sure I spend it in the right place. How can I figure out which website visitors are most profitable?”

Listen to today’s episode to learn more…

 


 

SEE ALSO:

Inspiration is good; inspiration combined with action is better. Now get back to work!

Yours in the revolution,

cg-sig-newsletter

Resources

CREATE YOUR ONLINE STORE

Create your online store with Shopify using an exclusive discount for Side Hustle School listeners. For a limited time, get a free 21-day trial and a 10% discount for a whole year.

Many Side Hustle School listeners are building sites using Shopify's easy-to-learn platform. Try it free today! Learn More

GET YOUR FIRST 1,000 EMAIL SUBSCRIBERS

Social media is nice, but building an email list is still the single best way to get customers and clients for your hustle. It's not hard to get started—sign up for a 30-day trial and join the list-building challenge! You’ll be up and running in no time. Learn More

Sponsors & Gratitude

Don't Do Business Without It

Side Hustle School is brought to you by American Express.

No matter what you do in business, from working nine-to-five to working five-to-nine, it’s easier when you don’t go it alone. Get the powerful backing of American Express—don't do business without it! 💳 Visit American Express

Like the Show? Leave a Rating!

Side Hustle School is for you! If you’re enjoying it, please take a quick moment to leave a rating or write a quick review. It's really easy and it makes a difference! ✅

It also makes a huge difference when you tell your friends about the show. Remember, it's 100% free and listener-supported.
Here's How

Keep in Touch

There’s a new story every single day on Side Hustle School. Episodes are produced to be short and to the point—I know you’re busy. Be sure you subscribe to get instant notification of the day’s broadcast!


To infinity and beyond,

Chris Guillebeau

Video Game Writing Class Is Real-Life Gamechanger

What It’s About

A teacher levels-up by offering courses that reference popular video games.

Words of Wisdom

According to Devyn if you don’t get into Outschool on your first try, apply again and apply better. Don’t give up. Devyn also says the number one quality they are looking for on Outschool is authenticity. In addition, she says, “they’re looking for people who have a passion for education.”

Fun Fact

Devyn lived in Spain and Argentina growing up, which is where she learned to speak Spanish.

Notes from Chris

Episode 2033
Who was your favorite teacher in school? Was it your music teacher or your English teacher? Or maybe you had that one really fantastic science teacher that made chemistry come to life for you.

The legendary teacher in today’s story has everyone beat. Her subject? Video games. Her classrooms aren’t brick and mortar; they’re the magical worlds of Legend of Zelda, Banjo Kazooie, Mario Kart, and Pokémon.

Devyn Ricks uses the landscape of these whimsical games to teach creative writing and social skills, engaging her students directly through gameplay. And she does this all online from the comforts of her home. No physical classroom needed. But that’s not all! She also gets paid for this.

Four years ago, Devyn Ricks’s husband started dental school. His student loans weren’t enough to cover their family of six. Devyn, therefore, decided she needed something flexible to help with the bills.

She started teaching English to kids in China through an online company called VIPKid, but her hours were 4am to 6am, which, as she puts it, was the worst schedule ever. Nevertheless, she noticed that several teachers working for VIPKid were jumping ship to find work through another platform called Outschool.

Initially, Devyn charged $12 per student per class—on the lower end of Outschool’s recommended price range of $10-20 dollars.

Next, she had to figure out what to teach. Being fluent in Spanish, Devyn decided to start by teaching Spanish classes. There wasn’t much demand for that, however, so she changed topics. Next, she tried to teach cooking. That didn’t work well either, so she moved on to other ideas.

In short, she was throwing everything she could at it, looking to find her way. But, unfortunately, she wasn’t getting very far.

It was almost game over … until she had an all-new idea. As Devyn continued to brainstorm, she realized her two passions were creative writing and video games—so why not create a class that does both? On a whim, she wrote a description and opened it for registration, hoping that kids would enjoy her innovative mashup. She was right!

This was where she found her niche, and the classes filled up. Not just once, but month after month.

Her flagship class, “Legend of Zelda Breath of the Wild Creative Writing Class,” spawned even more classes. Her roster now features Animal Crossing and Mario Kart, among others.

One year after starting at Outschool, Devyn brings in $4,000 each month, teaching just 25 hours per week. Her earnings mean that her husband can stay focused on his dental schooling, and they can avoid additional student loans.

Miss Devyn (as she’s known to her students) has big plans for the future. First, she’s wielding her gaming superpowers to continue to level-up her business. She hopes to create an organization within Outschool, meaning that other teachers will work for her teaching video game social club classes. Her next goal is to monetize her YouTube Channel.

 


 

MENTIONED IN THIS EPISODE:

SEE ALSO:

Inspiration is good; inspiration combined with action is better. Now get back to work!

Yours in the revolution,

cg-sig-newsletter

Resources

WEB HOSTING @ $2.49/MONTH

Want to build any kind of website for your hustle? If so, you'll need somewhere to host it! This is the reliable company I've used for many websites. It's cheap, flexible, and offers support 24-7.

Get your own hosting plan for just $2.49 a month!
Learn More

GET $625 IN FREE TRAVEL

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! ✈️ Learn More

Quote of the Day
"According to Devyn if you don’t get into Outschool on your first try, apply again and apply better. Don’t give up. Devyn also says the number one quality they are looking for on Outschool is authenticity. In addition, she says, “they’re looking for people who have a passion for education.”"
—Devyn Ricks #SideHustleSchool

Sponsors & Gratitude

Try ShipStation for 60 Days FREE!

Today’s episode of Side Hustle School is brought to you by ShipStation, the #1 choice of online sellers. 📦

To get a 30-day trial AND an additional month free, click the microphone at the top of their page and enter the word HUSTLE.
Get it Here

Like the Show? Leave a Rating!

Side Hustle School is for you! If you’re enjoying it, please take a quick moment to leave a rating or write a quick review. It's really easy and it makes a difference! ✅

It also makes a huge difference when you tell your friends about the show. Remember, it's 100% free and listener-supported.
Here's How

Keep in Touch

There’s a new story every single day on Side Hustle School. Episodes are produced to be short and to the point—I know you’re busy. Be sure you subscribe to get instant notification of the day’s broadcast!


To infinity and beyond,

Chris Guillebeau

First $1,000: “Hyperfluent” Language Service Translates Into Profit

What It’s About

Translation: How this polyglot monetized their super power.

Notes from Chris

Episode 2032

Today’s episode is part of a new feature we’re doing in 2022 called ‘Your First $1,000.’ As you might surmise from the title, this is all about how someone made their first $1,000.

How did they get to that point? Not their first $100,000—that’s cool, but it would probably be a long story.

One thing I’ve learned is that once you begin to earn real money, the steps required to go to the next level—whether it’s $1,000 to $2,000, or even to $5,000 or $10,000 are often easier than that first real paycheck.

With that in mind, today’s feature comes from Eva Rosales. She’s the founder of Hyperfluent. Her consultancy offers lots of different services, all focused around language acquisition and translation.

We first featured her back on Episode #1494. But what about their first $1,000—how did they make that happen, what did it feel like, and what did they learn?

Specifically, she’s got some detailed advice on pricing your services (especially if you offer more than one).

Listen to today’s episode to learn more…

 


 

MENTIONED IN THIS EPISODE:

  • Thanks to Eva for telling us about their first $1,000. I hope you found it encouraging. Check out her website at HyperFluent.com. It’s a wonderful case study of different services at different prices.

SEE ALSO:

Inspiration is good; inspiration combined with action is better. Now get back to work!

Yours in the revolution,

cg-sig-newsletter

Resources

WEB HOSTING @ $2.49/MONTH

Want to build any kind of website for your hustle? If so, you'll need somewhere to host it! This is the reliable company I've used for many websites. It's cheap, flexible, and offers support 24-7.

Get your own hosting plan for just $2.49 a month!
Learn More

GET $625 IN FREE TRAVEL

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! ✈️ Learn More

Sponsors & Gratitude

Don't Do Business Without It

Side Hustle School is brought to you by American Express.

No matter what you do in business, from working nine-to-five to working five-to-nine, it’s easier when you don’t go it alone. Get the powerful backing of American Express—don't do business without it! 💳 Visit American Express

Like the Show? Leave a Rating!

Side Hustle School is for you! If you’re enjoying it, please take a quick moment to leave a rating or write a quick review. It's really easy and it makes a difference! ✅

It also makes a huge difference when you tell your friends about the show. Remember, it's 100% free and listener-supported.
Here's How

Keep in Touch

There’s a new story every single day on Side Hustle School. Episodes are produced to be short and to the point—I know you’re busy. Be sure you subscribe to get instant notification of the day’s broadcast!


To infinity and beyond,

Chris Guillebeau

Q&A: “What is Goblintown, and should I mint a free NFT??”

What It’s About

Today’s listener seeks advice about another NFT trend.

Notes from Chris

Episode 2031

There’s a new trend in the wild world of NFTs: it comes from creators and sometimes companies offering free NFTs (digital artwork) during an initial mint process.

Why do they do this? Well, for a couple of different reasons.

Our caller mentions a recent project called Goblintown. Those assets were minted for free—anyone could get one—and now they’re selling for a couple of Ether at minimum (thousands of dollars).

So our caller is wondering … where can I get more free NFTs that end up being worth tons of money?!

“What do you think about free NFT mints? I bet you’ve heard of this, but if not, it’s where an online project offers a mint of a few thousand NFTs completely for free—you just pay the gas price, which is sometimes expensive but not always.

The project earns money on reselling, when people flip NFTs for profit to other buyers, paying a commission of 6-10% to the original creator. This got a lot of attention with the Goblintown mint, which is where I heard of it.

Do you think it’s worth it to pick up NFTs when they’re free? I mean, the cost seems like a pretty good deal … but will people really pay for them later?”

Listen to today’s episode to learn more…

 


 

SEE ALSO:

Inspiration is good; inspiration combined with action is better. Now get back to work!

Yours in the revolution,

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