121: An Engineer’s Approach to Building a $1500 per Month Side Hustle


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Tim Johnson is a man of many hustles. In fact, when he applied for my Inner Circle Mastermind last year, I had a hard time keeping them all straight.

Between his day job as a product engineer, his awesome self-publishing business, his Amazon FBA activities, and an upcoming brick-and-mortar project — and twin 2 year old boys — there’s no doubt he’s keeping busy!

On this call, we focus on his book business, which is actually in a sub-niche of the Children’s book genre. As someone who’s always loved kids and had an interest in languages, Tim writes a series of dual-language children’s books that are available in English paired with 10 other languages.

This side hustle has earned a consistent $1000-1500 a month in author royalties, and you can follow along with the adventures of Bosley the Bear here.

Listen in for Tim’s 5-step system for creating a new product, and why he considers books products as well.

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Learn:

  • How Tim’s book series actually started as an Amazon affiliate site, but he saw a hole in the market.
  • How he set up a Kickstarter campaign to fund the production of the first book.
  • Why having a paperback version is so important in the children’s genre.
  • Where he found his illustrator, and how much it cost.
  • Why Tim doesn’t sell directly through CreateSpace, even though he could earn a higher royalty percentage.
  • His 5-step system to create and launch a new product. (And yes, books ARE products!)
  • The most effective marketing tactics to move units.
  • Some bulk-sales strategies to sell a lot of books all at once.
  • Tim’s #1 tip for Side Hustle Nation.

The 5-Steps:

  1. Value Definition
  2. Product Creation (to fill a market gap)
  3. Determining Features, Benefits, and Benefits of the Benefits
  4. Marketing Pre-Launch
  5. Launch/Growth/Scale

benefits of benefits

Links:

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Nick Loper

About the Author

Nick Loper is a side hustle expert who loves helping people earn more money and start businesses they care about. He hosts the award-winning Side Hustle Show, where he's interviewed over 500 successful entrepreneurs, and is the bestselling author of Buy Buttons, The Side Hustle, and $1,000 100 Ways.

His work has been featured in The New York Times, Entrepreneur, Forbes, TIME, Newsweek, Business Insider, MSN, Yahoo Finance, The Los Angeles Times, The San Francisco Chronicle, The Financial Times, Bankrate, Hubspot, Ahrefs, Shopify, Investopedia, VICE, Vox, Mashable, ChooseFI, Bigger Pockets, The Penny Hoarder, GoBankingRates, and more.

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