SHOUT! – Side Hustles and Domain Name Newsletter #33
EXTRACT FROM THE BOOK:
Reality Distortion: A practical guide to generating winning business ideas, from a side hustle to the next billion dollar unicorn.
Including 100 side hustle ideas you can start now
“Ideas come when we do not expect them, and not when we are brooding and searching at our desks. Yet ideas would certainly not come to mind had we not brooded at our desks.” – Max Weber
Over the next few weeks we will provide you with a selection of possible side hustles and case studies from the book Reality Distortion.
Check a few possible side hustles and start up ideas below.
Sector | Opportunity | Specifics |
Hospitality | Themed restaurant/bar | Look at what is working overseas. Investigate unique foods that haven’t been served in a restaurant format before. Look at new formats. (see Example #1) |
Food delivery | This area has exploded. The opportunity could be to open a kitchen specifically for food deliveries. (see Example #2) |
Example #1
Sushi was a new type of restaurant format, imported to the UK from Japan by Simon Woodroffe he named it Yo! Sushi. There have been many restaurant and bar formats invented over the years. Some offer retail space, open kitchen, cookery lessons, cocktails, ping pong, pool etc. Looking at what is working overseas is the best way to come up with new ideas in this area.
I opened a bar/restaurant branded under the famous ‘Cosmopolitan’ name which offered a diverse range of products including, takeaway, cocktails, formal dining and beauty. It failed spectacularly. Not deterred from that failure I opened a bar called Bunker, which was a trendy version of a German bierkeller. This was reasonably successful however it was hit hard by the London terrorist attacks. Opening new restaurants and bars is high risk, but can be very profitable.
Example #2
Huge amounts of money are being invested in the food delivery sector and with a few exceptions most of the operators are losing money. The founder of Uber, Travis Kalanick, has the right idea . He has set up a business that provides space for kitchens to operate from, providing food exclusively for delivery services. It is worth exploring offering a similar service. Think WeWork for kitchens.
Sector | Opportunity | Specifics |
Organic foods | Farmers market in your local area. Provision of your own line of organic foods. | |
Food markets | Rent land and attract various food stalls. Take a look at what Time Out have achieved in this area. You could do something on a smaller scale. | |
Catering services | Offering something different to the standard fayre which is generally unhealthy and lacks imagination. Opportunity in offering outsourced catering to organizations or consultancy services. | |
Entertainment | Children’s entertainment | There are always new formats popping up from trampolining to lazer wars to parkour. Go Ape is a great business to look at in this sector. There’s always room for another exciting format. (see Example #3) |
Example #3
Children’s entertainment
I had an investment in a ‘kiddies ride’ business. This company owned rides you see outside supermarkets and cinemas, coin operated rides that children insist upon sitting on as soon as they spot them. It was a profitable business, but it was reliant on the supermarket chain, in this case Tesco, who eventually terminated our agreement which led to the demise of the business. A new type of ride or entertainment option is a potential idea.
Sector | Opportunity | Specifics |
Beauty | Beauty spa | Nails, hair have been done. But there is always room for another format. perhaps a focus on men. Maybe a mobile barber or hairdressing Service. |
Beauty products | Organic products. Gym friendly makeup is a potential growth area. Olive or argan oil based skin products could be interesting. Are these popular in your home country? Is there an import opportunity? Could you create your own? (see Example #4) |
Example #4
Beauty products
I recognised an opportunity to sell miniature sized beauty products and toiletries through vending machines in health club locker rooms. We signed up all the top health clubs in the UK and rolled out our vending machines to over 500 clubs. I sold that company to another vending machine operator which floated on the London Stock Exchange. Vending machines are still a lucrative business if you can think of the right format.
Buy Reality Distortion Now on Amazon
Recent Domain Sales
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Latest Episode of The Side Hustle Report
Watch the two most recent episodes of the Side Hustle Report.
In episode #5 of the Side Hustle Report we reveal two potential side hustles leveraging the domain names TalkAustin.com and TrackChina.com. You can watch it here.
You can also read The Side Hustle Report where we reveal side hustles in marijuana, sneakers, crypto and and a latina focused cleaning platform plus many other exciting ideas. It’s all here.
You can also read the Side Hustle Report where we reveal side hustles in marijuana, crypto and many other exciting areas. It’s all here.
In episode #6 of the Side Hustle Report we take a look at various side hustle possibilities based on the premium domain name HotelDiscountCodes.com. You can watch it here.
These platforms are designed for the end user with a great idea or someone looking for that spark. However, let’s not forget the domain investor searching for valuable domain names in growth markets. There are few markets that are experiencing the phenomenal growth of cryptocurrency and marijuana. Check out some of the best available domain names in the crypto and marijuana market.
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Resources
AI Articles – How to make money buying into the AI domain name gold rush
How to Make Money Buying Domain Names articles
We examine various sectors and explore available domain opportunities including:
- Marijuana
- Cryptocurrency
- Drinks
- China
- Life Coaching
We also operate CoinDomain.store and MarijuanaDomain.store
These platforms are designed for the end user with a great idea or someone looking for that spark. However, let’s not forget the domain investor searching for valuable domain names in growth markets. There are few markets that are experiencing the phenomenal growth of cryptocurrency and marijuana. Check out some of the best available domain names in the crypto and marijuana market.
Subscribe here to receive your weekly copy of SHOUT! Directly to your inbox