[00:00:00] Announcer: Welcome to the Student Loan Podcast. Here, you'll find practical advice on tackling student loan debt, paying down your higher education expenses, and inspiring stories about paying off student loans. We're your hosts, Daphne Vanessa...

[00:00:13] Shamil Rodriguez: And Shamil Rodriguez.

[00:00:15] Announcer: Please rate, review, and subscribe to the Student Loan Podcast by visiting the Student Loan Podcast on Apple Podcast or wherever you find your podcasts. This is not professional advice, and we speak from our own personal views and opinions. The Student Loan Podcast is brought to you by Start New, where you can serve your community and get rewarded with tuition and student loan payments. To check out if Start New is on your campus, visit startnew.com.

[00:00:41] Daphne Vanessa: Welcome everyone to another episode of the Student Loan Podcast. Today, we are going to help you out. I know it's the end of the year. I know you guys have maybe some expenses that are creeping up during the holidays, or maybe you just want to start off 2023 debt-free. Well, this episode is for you. Today we're going to be talking about 10 ways to make $1,000 fast without a loan and without a job.

[00:01:07] Shamil Rodriguez: So, since today we're going to talk about a thousand dollars, getting it fast, but how fast, right? How do you mean, like illegally? No, obviously.

[00:01:17] Daphne Vanessa: No, no, no, illegally.

[00:01:19] Shamil Rodriguez: Yeah, obviously nothing illegal, right.

[00:01:21] Daphne Vanessa: Um, no loans because this is the student loan podcast and our goal is not for you to have more loans or more debt, but less. Um, and then maybe you don't have a job. Maybe you're in between work or you just got laid off, or you're still in school, but you don't have a job, and that's okay. These ways will still help you clear your debt if you want or honestly just pocket the cash, whatever you need.

[00:01:46] Shamil Rodriguez: That's a good idea, that's a good point. But I think it also emphasizes the idea that, uh, one fact that we came across that was really interesting is that 64% of Americans are living paycheck to paycheck, uh, according to a Lending Club survey that was done, uh, over the summer this year. And almost, almost half, so what, 48% of those folks make over 100k per year. Uh, so I just think it's just interesting that, uh, regardless of what situation someone's in, um, they could be in a position where they need to make extra money.

[00:02:20] Daphne Vanessa: Yeah, but I don't think you guys are here for statistics or boring, you know, you- that's not why you're here. You're here for solutions, and you need something fast. Yes, you could become a YouTube influencer or a TikTok influencer. But the chances are that it would take more than 24 hours for you to make 1k from that, right? So, even if you had, let's say, a million followers in one day because you went viral on something that was obnoxiously funny, YouTube still pays on the 21st of the month. So you'd have to wait at least a few days to just get paid. So that being said, let's figure out what you can do today, right now, to get paid.

[00:03:00] Shamil Rodriguez: There you go. Let's do it.

[00:03:02] Daphne Vanessa: Alright. First thing, sell your stuff.

[00:03:05] Shamil Rodriguez: Get rid of it.

[00:03:06] Daphne Vanessa: Yeah. I mean, it's pretty straightforward, right?

[00:03:09] Shamil Rodriguez: No, I think, and I think the question is, um, how do you do it? Where do you go? What do I get? Uh, so what are some of the things, uh, Daphne, when you say sell your stuff, uh, what is it like, what do I, what am I do?

[00:03:22] Daphne Vanessa: Well, I'm, I'm talking about just selling everything. Like get rid of all your stuff. Old books, comforters, sheets, pillows, whatever you have lying around that you can get rid of, get rid of. But probably there's a process, right? You need some stuff to exist.

[00:03:39] Shamil Rodriguez: Yeah, I would hope so.

[00:03:41] Daphne Vanessa: Unless you're like an ultra minimalist which hey, good for you. But for the rest of us who need a certain amount of stuff to survive and exist. What are those things, right? I would just choose what those things are first, put them aside, and then everything else is for sale. Literally.

[00:03:57] Shamil Rodriguez: Mm-hmm. Okay. Alright, that's interesting. I don't know if, if, uh, it's what I like about what we're going to go over here today is that you really have to get out of your comfort zone, uh, for some of these things, and especially if you're going to be parting with some gifts, whether it's like anything that you have, actually. I'm not even going to go through a list, just anything that you have that may be of value, and even things that you think may not be of value. You'd be surprised of the sites that are out there if you just type in, you know, selling my local things or selling my things online, you're going to find plenty of websites that allow for you to do that.

[00:04:31] Daphne Vanessa: Yeah. And we'll give you some of those, but let's walk through the process first, right? Because you need a system. It's not just here's a tip and then we walk away. I personally hate those articles. It's like that wasn't useful, you just told me what I already knew. You probably already knew that you could sell your stuff. Here's how to do it that can make you a thousand dollars specifically. So, I would estimate your conversion rate at about 5 to 10%. What is a conversion rate? It just means that the amount of people that you reach out to, the percentage back that are likely to pay you money, give you some money for what you're selling. So, how do you know how much your things are worth, like that's a huge question. Really, it's a guesstimate guys. Like, like let's, let's be serious. Prices are all guesstimates. Yeah, they use fancy algorithms, they have pricing departments, but at the end of the day, what they're trying to guess with their fancy algorithms is how much are people willing to pay for this thing. It's really more of an art than it is a science, but for those of you who need the technical formulas, I have a formula for you.

[00:05:32] Shamil Rodriguez: Oh man, here we go. I think they're only here for the stats. Go ahead.

[00:05:36] Daphne Vanessa: This is not a stat, this is money. Hopefully that's different. But maybe for you guys it's the same. Um, so I would ask myself how much money I want to make, right? Let's say it's a thousand dollars. Then you divide by either 5%, 10%, some number in between. So for those of you who forgot basic math, you're dividing by .05 or .1, you're not dividing by five. I'm just putting it out there in case anybody forgot.

[00:06:01] Shamil Rodriguez: My face was really demonstrating what?

[00:06:03] Daphne Vanessa: In case anybody forgot, um, and then whatever number that spits out is the number of value, that's how many dollars you need to list.

[00:06:12] Shamil Rodriguez: And you know what? I have a quick point on this part because I know we're going into numbers here, we're diving into it. Uh, is there a resource or something that people will be able to have access to so they can actually see this for those who may be driving right now or you know...

[00:06:26] Daphne Vanessa: Yeah, that's a good point. Well, we have a blog post that just says 10 ways to make a thousand dollars fast without a job or a loan. So...

[00:06:34] Shamil Rodriguez: Okay, so we can link those in the, in the show notes for this article? Alright, great.

[00:06:38] Daphne Vanessa: Yep, I think that's a good idea. Alright.

[00:06:40] Shamil Rodriguez: Alright, great.

[00:06:41] Daphne Vanessa: So, anyways, step one by the way, I'm giving you that formula, but let's, let's backtrack. First is what are you going to sell? You already chose what you're going to keep, right? Why don't you do that right now? Pause this episode, go choose what you're going to keep. It shouldn't take you any more than one hour. We'll be waiting.

[00:07:00] Daphne Vanessa: Okay now we're back. Now that you've found all of the things that you want to keep, you're going to take everything else and say it's for sale. Now, what if it's a bed, what if these are big items? It doesn't matter, you're just going to start to choose which ones are probably most expensive. That's probably going to be technology, jewelry, heirlooms, anything that's one of a kind. All of your items that are probably more expensive are what you're going to want to list first. And once it totals that number that you came up with, you're ready to start listing whatever those items are. So you may be at the point now where you ask, okay we're listing, how much do I charge? Before we go to charging, let's talk about listing and images and making things pretty.

[00:07:44] Shamil Rodriguez: Okay. Well that's important for any listing that you're going to make. You can just take a picture of it and upload it, but their odds of you selling it faster are going to go down versus if you take a little bit of time to edit your photo or just even just think about how you want it to be presented. Remember, the person that's looking for this item doesn't know that it works, doesn't know what it looks like, doesn't know what it's going to look like in their space. So, you know, spend a little time that I would recommend is taking photos from different angles, uh, clearing out any clutter that may be around it if it's like a physical piece of furniture. Uh, if you have access to like a white wall or some good lighting, you know, try to take a photo where you've got like some good angles or good lighting for it. I mean basically, treat your, your piece of furniture or whatever it is that you're going to sell like it's an Instagram model. And you're working for it, right? That's basically what I'm saying. Now, uh, but the idea is that you want, you want to present it as best that you can. Uh, and luckily I think through our, through our audience and our listeners, that most of us have some exposure to social media so you see what a good photo looks like versus a bad photo. That'd be my, and what I also do too is I also look at websites that have that item to see like how they're posting it, you know, and then I'm like, oh okay, that's a good idea, I didn't think about it that way. I mean, they're spending tons of money on their marketing, so you might as well use it to your advantage.

[00:09:05] Daphne Vanessa: Yep. Some people, guys, pro tip, some people just screenshot that. They screenshot the other listings.

[00:09:12] Shamil Rodriguez: Oh no, I don't, yeah. If it's new, if it's brand new and still in the box, then absolutely, in my opinion, then you can absolutely do that. Right. But if it's used, then you know, you want to be, you want to make sure you're honest and accurate for the people that are looking to buy it.

[00:09:25] Daphne Vanessa: Correct. Correct. But I'm talking about the cover image to grab people there.

[00:09:30] Shamil Rodriguez: Oh, okay. Yeah, depends on, yeah, depends on what website you're using.

[00:09:33] Daphne Vanessa: Mm-hmm. But that, that, I agree with everything you said about making sure that it's well lit. Um, a second pro tip I would say is as you're taking these pictures, don't just take them randomly on your phone or, or if you are taking them randomly, try to organize them as quickly as possible. So if you're taking it on a phone, maybe create folders for each item. If you're taking it on a regular camera that you have to upload later as soon as you upload them, maybe then you have folders for each item. So whichever way is easier for you. Um, no judgment here on whether it's on your phone or not.

[00:10:04] Shamil Rodriguez: Yeah. Absolutely.

[00:10:05] Daphne Vanessa: Yeah. Um, so now by the way, some people think that they don't have a lot of stuff to list and if you really are super minimalist, please teach me. I, I need your help.

[00:10:15] Shamil Rodriguez: That's amazing.

[00:10:16] Daphne Vanessa: Um, but for most people, like, like let's say you're trying to make a thousand dollars, you'd need to list twenty thousand dollars of items, which sounds like a lot of money, but actually it's still less than the lowest renter's insurance policy. Which means that insurance companies have identified that people have some stuff, you know. And so, like that's, that's an idea in itself is that maybe you're one of those people that you don't have twenty thousand dollars worth of stuff in your house and or apartment and in that case, you should teach people how to become a minimalist.

[00:10:48] Shamil Rodriguez: There you go. You can become a consultant.

[00:10:50] Daphne Vanessa: That, that's making money right there. Teaching people to become a minimalist. Yep. Um, but if you're like a, most people and you have a bunch of stuff or your family, kids whatever, then you probably can list twenty thousand dollars worth of stuff uh within four hours. So now that you've taken pictures and everything, now it's time to do the listing. This is more important than it sounds. The words that you use end up being what people search for. So that's why I would consider using SEO strategies sort of and SEO just means that you go into Google, you put in what you're going to list, you see what the suggested terms are, and then when you press enter, you scroll at the bottom to see what Google's suggested terms are. That's the easiest way to do SEO.

[00:11:34] Shamil Rodriguez: I just say for people that are not into marketing and even know what SEO means. Right. Search engine optimization. Yeah. Search engine optimization. What I would say is, go online, like Daphne said, just find other listings that have your product and I would recommend, if you're looking for speed, to go and then map, take those headings exactly as they're written if they've sold. Something that I used to do from eBay way back in the day was I would look at the listings that sold frequently or people that had a lot of sales and would and would say, alright, this person already has success, I'm using actual facts here, that I'm going to use that if I'm selling the same exact product that they're selling.

[00:12:12] Daphne Vanessa: That's a really good idea. That's a super good idea. We'll add that to the blog post guys.

[00:12:16] Shamil Rodriguez: But let's go into some examples, right? Of some other places besides eBay. I know that's an old school one. That one, not old school, but that's, that's a, I call it the OG of, of selling online. Right. But it's not the only option out there.

[00:12:28] Daphne Vanessa: It's not, and, and how you write the description you just want to make sure so like the title, the description and then the keywords that you put in, those are the three most important words that are going to be a part of your listing depending on which platform. So there are a number of platforms. None of these are sponsored by the way, we have no, we don't even have an affiliate relationship actually with any of these folks. So, but we're going to tell you right now who they are. Uh Decluttr is one of them. D-E-C-L-U-T-T-R. There's no E at the end. Decluttr is a really good one for just getting rid of stuff quickly. Um Poshmark is very good as well. If you're more into the clothing, if you know, you have too much clothes. I honestly...

[00:13:08] Shamil Rodriguez: I may know somebody.

[00:13:09] Daphne Vanessa: Right. Not me. Not me. Um thredUP is pretty good as well if you're into consignment. So thredUP works like an online consignment shop where they essentially hold your inventory until it's sold. That's a unique way of selling. Some people like it, some people don't, but they do a lot of the marketing for you, which is why consignment shops are sometimes a preference for people trying to get rid of stuff. Um, eBay, as Shamil said before, and then Craigslist guys. Let's not forget good old Craigslist.

[00:13:38] Shamil Rodriguez: Yeah. And, and you know what, something that's like that, uh, is also uh Facebook Marketplace that people typically use. Doesn't mean you...

[00:13:46] Daphne Vanessa: I hate Facebook.

[00:13:47] Shamil Rodriguez: Just because you don't use it, doesn't mean that it's still not a very popular platform that people are using to sell things locally. Uh, and I've gotten that feedback from a lot of people. So, I mean, I get it. It's not your favorite, but we want to make sure we're giving all those options out there for people uh to consider. So in the end, if you want, just post online, or excuse me, search online to saying like, hey, sell online, you can put in Decluttr, Poshmark, thredUP, eBay, Craigslist, uh like we said Facebook Marketplace. Uh, more and more platforms uh are adding the ability to sell your things locally.

[00:14:21] Daphne Vanessa: Yep, agree. Totally agree. And besides Facebook, just kidding guys, just kidding. Um, hopefully Twitter comes out with an option as well. I'm just, I, I doubt it guys. Come on. I'm joking, I'm joking, I'm joking. Let's move on. So, once you've listed, if you even if you have done a consignment listing, marketing is where you make the money. It's not just listing it and then hoping that people buy, which I've done before and actually it has worked, but it's because I was on Poshmark super early. So I think back then, there wasn't a lot of marketing needed.

[00:14:57] Shamil Rodriguez: Very early. I remember that.

[00:14:58] Daphne Vanessa: Yeah. But today, it's very different. You it's almost like social media, Twitter, any of those things like you have to market, you have to go out of your way and there are different ways you can do it. On forums like Reddit, Quora, uh Facebook groups, LinkedIn groups, if it's appropriate for work. Don't share a bikini on a LinkedIn professional networking group.

[00:15:20] Shamil Rodriguez: I wouldn't recommend it.

[00:15:21] Daphne Vanessa: Yeah. I actually wouldn't even, you're right, let's, let's we scratch out LinkedIn. Don't do LinkedIn guys.

[00:15:26] Shamil Rodriguez: Yeah. Not a good look.

[00:15:27] Daphne Vanessa: Mm-hmm. Not a good look. Uh but, but Reddit, Quora, Facebook, those are probably better places to start. And then, different social media influencers and different bloggers actually have their own communities that support groups. So I know there are a lot of mom groups actually where moms are, you know, all trying to hustle or something like that. And those platforms are approved for sharing. So using one of those is a great opportunity too because there's usually a closer relationship than on like a big platform like Reddit or one of the others.

[00:15:58] Shamil Rodriguez: Okay.

[00:15:59] Daphne Vanessa: Yeah. Um, and of course guys, don't violate the terms of service on any of these sites with your listings. They all have rules. So post, market, and then engage. Like, share it with people, send them links if you know people that need a specific item, just share it with the person. Because, you know, even if they say no, it's one more no closer to a yes.

[00:16:20] Shamil Rodriguez: That's a good way to put it. Mm-hmm.

[00:16:22] Daphne Vanessa: Mm-hmm. So that you can definitely make a thousand dollars in one day. Absolutely. Like I, I'm like I want to go do that right now guys. Hold on. I'm going to start listing my stuff. Um, so next, coaching.

[00:16:34] Shamil Rodriguez: Mm-hmm. So with coaching it's uh really interesting because everyone has something they're good at, right? That's, that's the truth. Now whether you believe it or not and think someone will pay you for it is a different question. But the reality is if you can coach 10 people for $100, then you've got your thousand dollars.

[00:16:51] Daphne Vanessa: There we go. Yeah. And coaching 10 people isn't as hard as it sounds. You can actually reach out to people specifically like on your phone that you think may benefit from your service. You can have discovery sort of intro conversations where you learn what people are facing. Just pick a niche like whatever the niche is. Chiropractors. Mmm, beauty salon owners. Like, whatever. Whatever niche you want. And go ask some questions and once you find out what their pain point is be like, well if I were able to to help you get to whatever the solution is, um would you be willing to to coach with me? And then if they say yes, then say alright let's start right now. Straight up.

[00:17:34] Shamil Rodriguez: Yeah. And just see what happens. You'd be surprised actually how some people, uh especially small business owners that are running everything themselves or just short-staffed. Uh if you come with a solution in mind for a problem that they already know. It's not that a lot of times it's not that they don't know that their website is out of date or that their social media platform last posted three years ago. What they, what they are still looking for is someone to come and help them get that done quickly. And so, uh I I use I like what you mentioned there using social media or websites or things like that like, starting point like doing research on the company because a lot of times we do have some exposure and experience to it and you'd be surprised someone would be willing to pay you $100 to help upgrade their, their social media content or teach them how to use a platform or integrate one way or another.

[00:18:22] Daphne Vanessa: IT support.

[00:18:23] Shamil Rodriguez: IT support, taking better photos like you said, better photos of of...

[00:18:26] Daphne Vanessa: IT support at home.

[00:18:27] Shamil Rodriguez: Daphne's favorite, IT support. Uh but yeah I think that that's something uh but there are other things too, right? When it comes to um coaching people to learn a new language. If you know another language, you can definitely coach somebody. For sure. You can definitely teach somebody. Yep. If you know how to play an instrument, right?

[00:18:44] Daphne Vanessa: Money maker. So true. So true.

[00:18:46] Shamil Rodriguez: All those years you didn't want to play an instrument when you were a kid and now look, you can make 100 bucks from it by coaching someone. So playing the guitar, playing the piano, just some really good examples of quick things that you can do to coach people for $100 per session.

[00:19:00] Daphne Vanessa: And just clarify like as a pianist I just, you're probably not going to make a hundred dollars per session your first session unless you, you know are a Steinway or like there's something special about your gift that's documented. But if it's not documented and you just know how to play and you're coaching people, you'll probably start closer to the 35 per session, 50 dollars per session.

[00:19:21] Shamil Rodriguez: Yeah. So three sessions, you're there.

[00:19:23] Daphne Vanessa: And, and then what you do is you increase the prices after you've done it. But to make the a thousand dollars in one day you just need more, more people. Mm-hmm. So, that's I just want to put that out there caveat, not every single service is going to be a hundred dollars per session. But when you speak about coaching and guiding people towards something, you do have the opportunity of increasing the price to more accurately define what you're doing which is helping people do it themselves which is more valuable than doing it for them.

[00:19:53] Shamil Rodriguez: Absolutely and I think another way just to level that up if you're not going to charge $100 per session especially during your first client if you don't feel comfortable with that yet, is you can sell a block of your time, right? Like your sessions, especially when it comes to playing an instrument, we all know that one lesson is not going to make you the next Mozart. Right? But if you sell a block to say like hey you know what, let's make a four after your first session and things go well, then you can say hey look I see that we had a good vibe, great connection, and you made some great progress just learning this one. How about we do uh eight sessions for and then you give them a reduced rate uh or whatever rate it is and then block it off. That way to say hey look I know that learning this X insert your skill here is going to take more than just this one time that we worked together. Yeah. So let's go ahead and knock that out now so that we can ensure you have the most success in achieving that goal.

[00:20:41] Daphne Vanessa: Love that. Love the block pricing. It works very well for personal training for those of you who have dealt with personal trainers they do the same thing.

[00:20:48] Shamil Rodriguez: Yep, absolutely.

[00:20:49] Daphne Vanessa: Where they sell you like 10 classes or 10 whatever sessions. Absolutely. And the block pricing is how you make your thousand dollars actually.

[00:20:56] Shamil Rodriguez: There you go. Yep, yep, there we go. Okay.

[00:20:58] Daphne Vanessa: So the next one because we are running low on time we need to hurry we were only on three.

[00:21:03] Shamil Rodriguez: Wow, okay. We'll speed this up. Alright here we go. Number three.

[00:21:06] Daphne Vanessa: We talk too much. Selling a $200 course to five people. And you're thinking how do I sell a class to five people in a day? This is how easy it is. Step one, what are you good at? Step two, outline it like in step-by-step for somebody in let's say a three hour video series or four hour video series whatever you want. Once it's outlined, take your phone and record yourself. For four hours or three hours or however long your course is.

[00:21:38] Shamil Rodriguez: Mm-hmm.

[00:21:39] Daphne Vanessa: Next, sell it to people actively very similar to the selling physical things, but you go out there and you market. Not just using social media and using the online but you actually, you know, call people let's say or walk up to somebody and ask them do they need this. You could run an ad, right? You could run an ad if you do have disposable income and you want to try to see like how much a $100 ad campaign gets you. I would just caution, ads come with to me, right this is my personal view, I believe that you can maximize ad usage when you know your customer very well. And if you're just doing this for the first time, you might not know your customer as well, right? And so there may be an opportunity to wait to run an ad until after you've made this first a thousand dollars. But, maybe not. Maybe you want to just try it and see how far it gets you. Power to you.

[00:22:33] Shamil Rodriguez: Yeah. No and I think uh what's great is that there are a lot of people out there that are having success with making courses online. Uh so you can really, you can find some great resources to show you how to do it and websites that'll do it for you. I know a lot of times people are like oh I don't have a website or I don't know where am I going to post the videos or the content or the PDFs. There are plenty of websites out there where you create a username and password like you've done for any other account you have.

[00:22:58] Daphne Vanessa: Mm-hmm.

[00:22:59] Shamil Rodriguez: And then from there what Daphne said, then you start uploading your content. You come up with a course title, you upload your content, and you're good to go. So it doesn't, you don't have to do every single step. You can find websites out there that'll help host it and make it easier for you so that all you're focused on is actually helping teach the content.

[00:23:16] Daphne Vanessa: Agree. And some of those examples are Thinkific, Kajabi, Teachable, there are a lot of platforms where you post the videos, everything's plug and play. One of them is free I don't remember which one but you guys can search through it and it will also be uh noted in our blog article so you can see which one is free to start.

[00:23:36] Shamil Rodriguez: Okay.

[00:23:37] Daphne Vanessa: So the next way to make a thousand dollars fast without a loan and without a job is to sell 10 online products worth $100 each.

[00:23:48] Shamil Rodriguez: Mm-hmm. So I think that's a really good straight forward point. Uh it kind of touches in with the first point uh in a way where you're just selling things online for a hundred dollars uh period. Now it doesn't have to be your used items like Daphne mentioned here it could be a course, it can be content, let's say um you know you have different things that you want to sell online it could be a service, it could be coaching, whatever we were just mentioning there. You know that's that's something that you can do just for a hundred dollars each so it's definitely possible.

[00:24:18] Daphne Vanessa: For sure. And at the price point you just want to deliver for the price point. Over-deliver, but not over-delivering so much that you cheapify your brand. Cheapify. Like that one? Cheapify. Shopify, Shopify was it a word? I made cheapify a word guys. So, um, the $100 product is maybe a guide with templates on how to do something, right? That they can download, implement immediately, and it's valuable to whatever that market is. Maybe it is...

[00:24:50] Shamil Rodriguez: And a great source of that by the way if you're like well where do I find my idea, right? Sometimes people get stuck on the idea of like what what would be my guide, what would I do. Think of jobs that you've had in the past, right? It could be summer jobs, it could have been internships, it could have been volunteering, exactly, it could be volunteering. Anything that you've learned a new skill or you know you had to be trained to learn something, that means someone else needs to also learn that skill or be trained as well.

[00:25:15] Daphne Vanessa: That's a good one. That's a very good one. So the online product, you'll notice that for a lot of these we're really looking at selling something. A service, a product, so a lot of it will be the same. Prepare the things that's going to be sold. Well first before that find out what people want. Then prepare the thing that's going to be sold. Do the work, list it, and then market it and engage. Like it's pretty much the same steps but just these are just different things. So the fifth one is selling 35 low content 30 dollar journals on Amazon.

[00:25:52] Shamil Rodriguez: I found this one to be interesting. So this, I need you to describe this for everyone including me.

[00:25:56] Daphne Vanessa: Alright. Well what's a low content book? A low content book is anything that you don't have to write in full. So when people think books that are sold on Amazon, they think of 300 page novels or self-help books that took a lot a lot of time to write and while some people are machines and probably could write a book in a day, kudos to you, it's probably not most people. Uh this is an easier option. Instead of publishing a full-on book, you're selling a low content journal. So maybe you're creating on Canva, free trial, the inside of an agenda book. Or a motivational goal setting book. Or a you know a book that helps support caretakers or nurses or a book that helps whatever niche you want. But it basically is a template that you put on a number of pages and you copy paste repeat the template for the number of pages that you'd like to be honest. And then you KDP it. Which means, in Amazon speak, Kindle Direct Publishing. So Kindle Direct Publishing is a product on Amazon that allows for you to upload books. It can be any type of book but in this case we're talking about low content books because you want to make a thousand dollars fast. Not in a year, not in six months, not in three months, not in one month, you want to make it today. So, you're not saving anything really physically. All you're doing is sending them files and then they publish the book for you. So what does that mean? It means that you can create a draft on Canva or Microsoft Word if you'd like, whatever you'd like to make a book, both inside and the cover art, you then upload it to Amazon KDP, and then you have a book for sale. There is a checking process that takes, can take time, but if you've done everything within the margins then it's usually approved same day. Once your listing is approved, you're ready to sell the book. And if you want to sell to 35 people again assume a conversion rate. Earlier we talked about a 5% conversion rate. Probably for selling a book on Amazon I would do closer to a 2.5%, especially if you don't have an audience. So you would divide whatever amount of money you want by .025. And that would allow for you to know how much money you need to pitch, or alternatively right, you could say if you want to sell 35 books, divide that by .025. And then you'll have the number of pitches to make if that makes sense. Sales pitches directly. So people can buy your book. And the warmer the lead is, the better.

[00:28:43] Shamil Rodriguez: Mm-hmm. Very good point. Alright, what about number six?

[00:28:48] Daphne Vanessa: Well, number six is selling your notes.

[00:28:52] Shamil Rodriguez: Okay. What do you mean like my law school notes, my undergrad notes, what are you talking about?

[00:28:56] Daphne Vanessa: All of it. Everything. Everything. Like old notes, anything. It sounds like it's not lucrative but actually it's that passive income that can lead to a lot. And what allows for it to get to the one thousand dollars is by cross-listing. So you don't just upload your notes to one platform, but you upload it to multiple platforms and then you socialize your links to a whole class of people. Let's say you're in your second year of law school and you know a bunch of first years, you can share with them your link. Back in the day, we used to just give people our notes. The world has changed.

[00:29:32] Shamil Rodriguez: Mm-hmm. Very good point. Okay. Alright so you know since you've already done the work of creating your notes in the first place when you took that course, what you're saying is just you might as well upload them and see if they'll help somebody else and that other person will pay to have access to your notes.

[00:29:45] Daphne Vanessa: Absolutely. I would have paid.

[00:29:47] Shamil Rodriguez: Alright, so I'm saying that this only really applies if you did well in school. So let's, there's an assumption there.

[00:29:52] Daphne Vanessa: Yes, and some of them like Nexus Notes, they actually verify that you did well in school. So they check your grades, there's an upload, there's a verification process. For some people that may take a little bit longer so you may not be able to do it in one day, it may take you three days or a few more days to get verified. But besides that delay in time, you're able to once you're verified, quickly make money by sharing the links. So this one's good because you already have the notes. You just have to upload it.

[00:30:21] Shamil Rodriguez: Exactly. Mm-hmm.

[00:30:22] Daphne Vanessa: Same for note cards by the way guys, same, same concept. You could do the same thing. Some of the examples where you can sell notes are Nexus Notes, StudySoup, Stuvia, OneClass, and there was Scribd back in the day.

[00:30:37] Shamil Rodriguez: Mm-hmm.

[00:30:38] Daphne Vanessa: I think for like nine dollars people could download multiple things and then Scribd would give you a percentage of that.

[00:30:43] Shamil Rodriguez: Okay.

[00:30:44] Daphne Vanessa: I don't know if they still do that or if that's their pricing, but hopefully they have something that still benefits people. I don't want to date myself, but Scribd was what was the only thing that was out there back then.

[00:30:54] Shamil Rodriguez: It was. It was. I remember that.

[00:30:57] Daphne Vanessa: Alright. So what else?

[00:30:59] Shamil Rodriguez: Alright, number seven. Sell beautiful artwork you've already made.

[00:31:05] Daphne Vanessa: This one's for the artists. Not me.

[00:31:07] Shamil Rodriguez: Not me. Go ahead.

[00:31:08] Daphne Vanessa: I just, I'm not an artist. But I know that so many people have creativity and while math may not be your thing or the quantitative things might not be your thing, you may be a super creative person who's very good at creating aesthetically pleasing artwork.

[00:31:25] Shamil Rodriguez: Mm-hmm.

[00:31:26] Daphne Vanessa: And while the word artist can apply to both auditory and visual art, right now we're speaking more about visual artists that have beautiful, I love looking at it to be honest. Like I am terrible at drawing. Like I just want to say that out loud that I personally could never make money doing this. However, I know lots of people who can draw things and it looks real.

[00:31:51] Shamil Rodriguez: Yes.

[00:31:52] Daphne Vanessa: Amazing.

[00:31:53] Shamil Rodriguez: So a good way, a good way to get out there if you have that skill set, not like Daphne and I, but uh like the two of us. But you, what you can do is actually go and work with local businesses that may be in your area and offer to design something for them or show them your work. Uh something that I've seen personally that I actually like is when I go to like a cafe or um some restaurant and they have like, you can tell they're local, and they've got local paintings on the wall and you can purchase them. Yes, I'm a huge fan of that. Yeah.

[00:32:25] Daphne Vanessa: Yes! I love that. Yes. Same. Same.

[00:32:28] Shamil Rodriguez: So I think if you, if you've got that skillset, then you should absolutely reach out to your local businesses, uh the local Google, the Chamber of Commerce, uh and then speak to them and let them know that hey, I'm an artist looking to uh share my work with local business owners in our community. And they will love the idea, I think. Um...

[00:32:48] Daphne Vanessa: I agree. That's amazing. And there are so many groups curating artwork. But why have a middleman when you can just go straight. I don't know, the middleman gets a cut, no offense to all of my esteemed curators out there, what a lovely job you have. But just for people that are trying to make 1k fast, maybe the curator route is something for later on when you are reaching a different level of clientele.

[00:33:12] Shamil Rodriguez: Okay.

[00:33:13] Daphne Vanessa: You might be asking how much should you charge for your artwork. Normal question. Well...

[00:33:18] Shamil Rodriguez: Yeah.

[00:33:19] Daphne Vanessa: I'm not an artist, so here's my non-artist just random financial person advice. Beauty's in the eye of the beholder.

[00:33:28] Shamil Rodriguez: Hey.

[00:33:29] Daphne Vanessa: Honestly you can probably charge whatever you want. I would just be like, okay I need this much money, I need a thousand dollars, I have 10 canvases, each one is a hundred dollars minimum, but I'm going to start at 500 and then you know see how, how low people go.

[00:33:43] Shamil Rodriguez: Yeah. No, I my favorite quote on that is, um, what should you price it? Whatever the market's willing to pay. Exactly. Right? So especially when it comes to artwork, it really, like that is a great quote because it actually is in the eye of the person that's looking at it.

[00:33:57] Daphne Vanessa: It really is, it really is. And so some people because of the textures and I, I just, I love looking at artwork to be honest, I'm just so bad at it. But because of the textures you may feel like it makes more sense to bring the canvas actually to the place that you're selling. But for other people, it may be sufficient to have photos, have images on your phone or on your camera device, whatever you use to carry photos, and showing that to the store owners might be a better way for you. You'll also get the benefit of the traffic wherever you've listed that site. So, there are tons of sites where you can list your artwork. ArtPal is one of them. We have no relationship with these people by the way. FineArtAmerica is another one. If you're in the United States, for those of you that are overseas. Etsy. eBay. Minted. These are all sites, Society6. Zazzle, if you're more into the graphic design. These are all sites where you can sell your artwork and there are so many others, we'll list them in the blog article. And the show notes will link the blog article as well.

[00:35:05] Shamil Rodriguez: Mm-hmm.

[00:35:06] Daphne Vanessa: That will allow for you to sell your artwork. If you have the time, you may want to set up your own store either using Shopify or WooCommerce or any other grab-and-go pre-built platform that allows for you to list your artwork quickly. Up to you, whatever you have time for. If you're more of an in-person interaction person, go out there and sell. If you are more of an online person, list and use more of the social marketing.

[00:35:32] Shamil Rodriguez: Mm-hmm. Very good.

[00:35:34] Daphne Vanessa: Yeah.

[00:35:35] Shamil Rodriguez: So the next item or way that you can make a thousand dollars is retail arbitrage.

[00:35:41] Daphne Vanessa: What is that?

[00:35:42] Shamil Rodriguez: I feel like that one's really gained popularity over the years. Over the last couple of years. Uh and you want to jump into this? Because it's something I used to do way back, I mean way, way, way, way back uh when I was in college. And uh and I, why do you got to say it like that?

[00:35:58] Daphne Vanessa: I mean I just want people to know.

[00:36:00] Shamil Rodriguez: It was something that helped, uh where I would buy items that were going to be popular around this time of year, right end of the, the calendar year. Uh and I would purchase them uh at a discounted prices.

[00:36:13] Daphne Vanessa: Mm-hmm.

[00:36:14] Shamil Rodriguez: And then I would sell them online for a higher price.

[00:36:17] Daphne Vanessa: Yep.

[00:36:18] Shamil Rodriguez: Yeah.

[00:36:19] Daphne Vanessa: That makes a lot of money. And one way that I've noticed that people are winning these days that's very different from what we used to have. In the past I think there was a little bit more flexibility in pricing, but now that online is dominating the market. Online is dominating the market. We need to find items that are priced substantially lower than you would find it online. So it's almost flipped, where today that is in person in a physical store. So you can go to Marshalls, TJ Maxx, TK Maxx if you're in the UK. Where whatever discount store you find that allows for you to go into the clearance rack, DSW even, right. Go into the clearance rack and find things that are priced much lower than people would have paid for.

[00:37:05] Shamil Rodriguez: Mm-hmm.

[00:37:06] Daphne Vanessa: Another cool way of doing that are all the, I love these YouTubers, the ones that go to the antique stores or the estate sales. Those ones are, they're so cute. A lot of them are, they're interior designers more so. But outside of just furniture, you can find things like even watches sometimes, like a lot of things at estate sales and antique stores.

[00:37:26] Shamil Rodriguez: Yeah and I think a great thing, um, and I had a conversation over the summer with somebody who makes over $1000 a month like on the side out of their full-time job. And they actually use their phone when they're in the aisles and they, they use some of these apps where you can just see the pricing of the item while you're there. So you can actually see what it's selling for online before you buy it because...

[00:37:48] Daphne Vanessa: I have that app.

[00:37:49] Shamil Rodriguez: Yeah, who's going to know like hey I didn't know that this hat that I found in uh in Marshalls or TJ Maxx sells for double what it's listed for here because it's on sale. Right? So you, you just never know what it's going to be or if you just like we were saying before, if you have a, if you already know what items are going to be popular and you have an access to a discounted price for them for some reason, then, then by all means take advantage of that opportunity and and find these discounted items for you to purchase. I think uh it's a really good uh it's a really easy uh way to find things because it's accessible if you live by these stores. Um so you know retail arbitrage is really a a really fun one I think is the best way to put it. Because you're, you're kind of trying to time the market, you're trying to have a good sense. Um in law school there were some people that used to do this with sneakers actually.

[00:38:40] Daphne Vanessa: Oh, yes. Yes.

[00:38:42] Shamil Rodriguez: Yeah, so I know I know some people that were literally able to help offset their tuition. I went to a state law school so it was a lot much more affordable than others. Uh but they were, they were sneakerheads. Like that's what they did. Like that was their job outside of school was to do retail arbitrage.

[00:38:57] Daphne Vanessa: Yep.

[00:38:58] Shamil Rodriguez: With with shoes and so uh or sneakers. So that's something that is out there as well.

[00:39:03] Daphne Vanessa: Tennis shoes.

[00:39:04] Shamil Rodriguez: Tennis shoes for those of you who are not from the Northeast. Everybody else says tennis shoes. You guys are the only one who says sneakers.

[00:39:11] Daphne Vanessa: Yeah, if I'm playing basketball I'm not going to call them tennis shoes. I'm going to call them basketball shoes.

[00:39:15] Shamil Rodriguez: Alright, so, anyway, but that was a good one. Retail arbitrage is a great way to make some money fast. So what's the next one there?

[00:39:23] Daphne Vanessa: Well, you can book two social media management clients for $500 each.

[00:39:29] Shamil Rodriguez: And you're thinking what?

[00:39:31] Daphne Vanessa: This one is easier than you might think.

[00:39:33] Shamil Rodriguez: Yep. This is definitely easier than you might think. So, go ahead Daphne.

[00:39:37] Daphne Vanessa: Totally agree. So, did you know that social media managers are just killing it in the online money space. They charge so much, and they have been for a while.

[00:39:48] Shamil Rodriguez: Yeah it's not new. This is not new. They've been charging top dollar premium dollar for a while. And honestly I don't want to say this but just being young...

[00:39:58] Daphne Vanessa: Careful. Careful. I'm looking at you and I'm wondering, oh man...

[00:40:03] Shamil Rodriguez: I personally think that there may be these rose-colored lens on people's eyes whenever they see a young person. They just assume that because you're young, you can do this thing called social media.

[00:40:15] Daphne Vanessa: Facts.

[00:40:16] Shamil Rodriguez: That's how it was when we first started. I think a lot of people still see it that way. But uh as our generation becomes the professionals doing the hiring...

[00:40:25] Daphne Vanessa: Yeah, then we're going to know.

[00:40:27] Shamil Rodriguez: Then then we don't make that assumption uh because not everyone knows. But in back over 10 years ago let's say uh this was still very new to a lot of business owners, a lot of people out there. uh and so because when I went to school these social media platforms were literally being created or were just blowing up. Uh they people just didn't know because they literally didn't know how to use them. But now there's courses out there, people that are professionals that know how to manage it. But the reality is like Daphne said, um you can use social media management uh to automate right, uh use Canva, CANVA, we don't have an affiliate with them but we're big proponents of them uh to create these graphics or slideshows or whatever the case may be. Now you can do video editing there. Uh so there's that opportunity there and you can just schedule these posts and go out and then all of a sudden you're making uh 500 a month to schedule somebody's. A month, oh sorry I'm sorry a week I meant a week on that some people.

[00:41:26] Daphne Vanessa: Yeah, you can you can book literally two clients today and be like alright next week I'll do your social media. Yeah. And you charge them $500 for five static posts, five videos, and like five carousels.

[00:41:39] Shamil Rodriguez: There you go. Yep.

[00:41:40] Daphne Vanessa: Something super easy that you can probably do you know on the side while you're studying in school.

[00:41:46] Shamil Rodriguez: The point, the reason that I brought up the young thing though is because there is a little bit of truth to it because when you are the target market for the newer platforms like TikTok, you're going as a user to know things more than people who are looking at it from a business perspective. So even if the person is a veteran and they were on the old social media platforms, there are new ones. And the new ones are not the same game at all. And I learned that personally with our star amazing former intern. I don't know if she wants us to say her name so I won't say her name but we had an amazing intern um who worked for us and really got us into learning about TikTok. She's amazing.

[00:42:27] Daphne Vanessa: Yeah. So good point. I think social media, managing that for someone is is really a great way to do it. And there are plenty of people looking for that online. Yeah. So you can, you can go on some websites and look for people that are looking for that. Okay. So, last but not least, what is the tenth way to make $1,000 fast without a loan or a job, Daphne?

[00:42:49] Shamil Rodriguez: Well, just signing up one university to Start New.

[00:42:54] Daphne Vanessa: Mmm. Alright, what do you mean by that?

[00:42:57] Shamil Rodriguez: Well, if you are attending a school or you graduated from a school, and your university doesn't have Start New yet, you actually can make, as an affiliate, a thousand dollars by bringing your school on.

[00:43:09] Daphne Vanessa: Yep. Yep. So I mean that, that really kind of sums it up. It's really not much more to it. It's really straightforward. If you, you know, have a few meetings, make a few phone calls, uh and then once the ink is dry with bringing on that school with Start New, then you'll get a thousand dollars.

[00:43:26] Shamil Rodriguez: Yeah. And you might ask yourself, well how can I do that. There are different ways. You can check on startnew.com to see how many people at your school have petitioned for the school to join, that might give you some good data points to see whether or not Start New is a great fit for your school or whether or not you want to share that link with other people. And then another way is by setting up those meetings with different administrators and making sure that they're aware of the benefits. And then finally, once you've set up those meetings and you've developed the relationship, you want to probably go straight to the top as high as you can go to tell them why it would benefit you as an alumnus, as a student, and maybe that is what brings you over.

[00:44:06] Daphne Vanessa: Yeah. So it's all, all there. Uh, and those are the 10 ways to make $1,000 fast without a loan or a job. So, that's it. I mean it's really straightforward for you. Um, you know, for each one of those items you would need to put in full energy. So right, I know we said fast and some of these are going to be like a couple day turnaround or one day turnaround I get that idea, but you still need to put in the effort, right? Like you actually still need to uh put some energy into creating this revenue.

[00:44:38] Shamil Rodriguez: And we're not saying that in a condescending way because obviously there are some people that have real responsibilities. Family responsibilities, whether you're caring for your parents or children, those are real responsibilities and you shouldn't have to feel bad about yourself because you don't have as much time as people who don't have those responsibilities. Just objectively speaking. So from that perspective, take it as an opportunity to rise to the challenge. You're going to make time to do certain things that maybe people without those responsibilities would have more time to do. And that's okay. But you're going to do it in the time that you do have, you're going to be positive while you're doing it, and you're going to rise to the challenge to make that extra 1k in revenue. If you have a friend or a family member that can help you, that might be a good idea, maybe dropping off the kids or, you know, entertaining certain family members putting them together, that maybe gives you time to then spend on revenue generation. And whatever works for you, we're here to support you. The Start New community is all about financial freedom.

[00:45:39] Daphne Vanessa: Alright, I think that's a really good point. Go ahead I was just going to say, you may be wondering uh but before that point uh before we close out, you know in the end ultimately you still need to plan, right? In the end you still need to plan so that you make it work. Uh but this was not the all-inclusive list of ways to make money online or in person or make this money fast, right? So um there are other things out there um like FBA, right so if Amazon FBA or dropshipping businesses or anything like that. Go ahead and explore those, but this is not the uh all ending list or all end all be all list of ways to make money. Daphne?

[00:46:16] Shamil Rodriguez: And this list wasn't, was specific to making money fast. So Amazon FBA, drop shipping, all those things, yes they're great, but they take time. And they take more time than it would take for the items on this list. So that's why we left some of those things out because we wanted practical tips. We couldn't find a resource out there that step-by-step laid out practically how you can make 1k fast without a loan and without a job. So, that's why we created this for you guys and we hope that it's helpful. We hope that you implement some of it when you do share it with us on social media or on Start New so that we can see what you're up to and cheer you on. We're looking forward to you ending the year strong and we'll see you on our next episode.

[00:47:00] Announcer: For more information on today's episode, visit thestudentloanpodcast.com/episode82.