Side Hustle King: 6 $60K/Mo Businesses Nobody's Doing

By Greg Isenberg

Categories: Startup, Product

Summary

Facebook Marketplace, with over 500 million users, presents a massive untapped opportunity for entrepreneurs - yet no one is building third-party apps to help sellers scale their businesses. This overlooked goldmine could enable profitable side hustles and high-growth startups.

Key Takeaways

  1. There is a shocking lack of third-party apps and tools built to help Facebook Marketplace sellers, despite the platform's massive user base of over 500 million.
  2. The Facebook Marketplace API allows for the development of apps that could provide sellers with powerful features like price alerts, inventory management, and arbitrage opportunities - but these apps don't seem to exist.
  3. Successful third-party app ecosystems like Shopify's, which has over 12,000 apps and generates $1 billion in annual revenue for developers, demonstrate the massive potential of building on top of e-commerce platforms.
  4. Competitor platforms like OfferUp, Mercari, and Depop have emerged, but they lack the comprehensive suite of apps and tools that could help Facebook Marketplace sellers scale their businesses.
  5. The lack of third-party apps and tools for Facebook Marketplace represents a significant opportunity for entrepreneurs to create valuable, scalable businesses by addressing the needs of this underserved but massive e-commerce community.
  6. Even simple, low-cost apps that help sellers with tasks like item scanning, price comparison, and lead generation could generate substantial revenue and turn into profitable side hustles or high-growth startups.

Topics

Transcript Excerpt

- You're a side hustle away from changing your life. In this episode, I brought on Chris Kerner, who gave me his best ideas for side hustles that not only don't take a lot of money to start, but they can actually scale to be really big businesses. A side hustle could turn into a real company, and a real company can change your life. So in this episode, It's all about ideas that could generate cash flow that can turn into real businesses anywhere between a few hundred thousand dollars a year to $...