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0:51

Welcome friends, welcome listeners, welcome side hustle

0:53

school community. It's your host, Chris Gallipo.

0:56

Today is Throwback Thursday, a weekly segment where

0:58

we take an in-depth look at someone whose

1:01

story has evolved since we first featured them.

1:03

We've been doing this every week for a couple of years

1:05

now. It's always fun to go back and hear the evolution

1:07

of a story. Sometimes people start all

1:09

new businesses. Sometimes a project hasn't worked

1:12

out and it turns into something else. Sometimes

1:14

it just grows. Sometimes it just keeps going. All

1:17

kinds of variations. Today we're

1:19

going to hear, well, I should say

1:21

first, last week, let's go back one

1:23

week. Last week we heard from a

1:25

licensed therapist who diversifies her income by

1:27

offering non-licensed coaching services to out-of-state clients.

1:30

Today in our latest feature, we'll hear from

1:32

a student loan advisor who transforms a personal

1:34

challenge into a thriving consultancy. He actually transforms

1:37

a bit of his business along the way,

1:39

which is what we're going to hear about in this update.

1:43

Let's hear directly from Scott. I'll come back at the end

1:45

with a few comments to wrap us up. post-graduation,

2:00

I realized just how many people were in

2:02

the same boat, lacking the guidance they needed.

2:05

This realization sparked my transition into a

2:08

student loan advisor. Here's how I turned

2:10

my predicament into a profitable and fulfilling

2:12

venture. Understanding the complexity

2:14

of student loans inside and out was

2:16

only the first step. I

2:18

obtained a certification in financial planning with

2:20

a focus on student debt strategies to

2:22

bolster my credibility. Initially,

2:24

my business model was simple,

2:27

one-on-one consultations designed to create

2:29

personalized repayment strategies for recent

2:31

graduates. To

2:33

reach more clients and streamline my

2:35

services, I embraced technology. I

2:38

developed a website offering free resources,

2:40

including repayment calculators and educational blog

2:42

posts, which drove traffic and established

2:44

my expertise. I also

2:47

utilized video conferencing tools for

2:49

remote consultations, expanding my client

2:51

base beyond my immediate geographical

2:53

area. I introduced a

2:55

tiered pricing model to cater to different needs and

2:57

budgets. The basic package included

2:59

an initial consultation and a customized

3:01

repayment plan priced at $199. For

3:05

clients needing ongoing support, I offered a

3:08

premium package, which included regular check-ins and

3:10

plan adjustments for $499 a year. In

3:14

the first year, focusing on individual

3:16

consultations and building a satisfied clientele

3:18

base led to referrals that were

3:20

instrumental in growing my business. I

3:22

quickly reached and surpassed my first $1,000, then $5,000. It didn't

3:24

take long. One

3:28

challenge was staying updated with the average

3:30

changing landscape of student loans, including new

3:33

federal programs and loan forgiveness opportunities. I

3:36

dedicated a portion of each day to

3:38

research and continued education, ensuring my advice

3:40

remained current and valuable. Another

3:43

hurdle was teaching clients the difference between

3:45

a loan advisor and a loan servicer,

3:47

clarifying the benefits of a personalized approach

3:50

to loan management. The

3:52

Most effective strategy for growth was online forums where

3:54

graduates discussed their student loan challenges. By Actively participating

3:56

in these discussions, I was able to help students

3:58

with their own financial skills. And

4:00

offering preliminary advice I don't trust

4:02

with potential clients. Additionally,

4:04

trading an automated email course on

4:07

navigating the basics a student loans

4:09

helped capture leads from my website,

4:11

providing value through content, while introducing

4:13

my consulting services. For

4:15

those looking to enter the field,

4:18

remember that trust is vital. be

4:20

transparent, educate your clients, and always

4:22

stay informed. Also, don't underestimate the

4:24

power of free resources building your

4:26

reputation, unattractive clients. Today my business

4:29

is not just about eighty my

4:31

student loans, it's about empowering class

4:33

to take control of their financial

4:35

future. To detail consultations,

4:37

tailored advice, and a commitment to

4:40

stay informed. I've been able to

4:42

support countless individuals and managing their

4:44

debt more effectively, turning a daunting

4:46

task into a more manageable. I'm

5:02

really excited to welcome our new partner. Could

5:04

Job is to Job. He is an all

5:06

in one platform. It helps craters build successful

5:08

online businesses, my unlocking predictable recurring revenue. but

5:10

it is really interesting. I'm gonna check it

5:12

out myself and see about using this platform

5:14

to build a new course. I haven't built

5:16

a course in a long time and so

5:18

perhaps this will give me some momentum to

5:20

do it on. But when I love about

5:22

it is to Job. He gives you all

5:24

these different tools, brings everything together acid. Instead

5:26

of having like seventeen different platforms and tools,

5:28

they can kind of do it all. and

5:30

you can build the course. And take payments

5:32

and serve students. So. It's

5:34

really cool, especially these days are we were

5:37

all overwhelmed with so many different things out

5:39

there are I would encourage you to check

5:41

it out yourself. Job is offering a free

5:43

a thirty day trial to start your business.

5:45

If you go to kajaki.com/hustle. That's.

5:47

K Aj A Be I.com/hustle

5:50

The Job he.com/hustle join the

5:52

creators and entrepreneurs who have

5:54

made over six billion dollars.

5:57

A present. The update from Scott take so much for

5:59

sharing that. Very often as you grow

6:01

a kind of consultancy or coaching business or

6:03

anything that's providing a one-on-one service a very

6:06

common Evolution of that business

6:08

is going from one to one to

6:11

serving one too many or to developing

6:13

products or any kind of group Situation

6:16

basically anything where you're not directly trading time

6:18

for money on a one-on-one basis And

6:20

of course one-on-one can still work in some cases or you

6:22

can do both of them in different ways But

6:25

I think overall like if you had to choose Why

6:28

not choose a model in which you can have

6:30

more passive income or at least reach more people? You

6:33

know all those things are good. Anyway, lots of

6:35

different ways to make this work That's why we showcase lots

6:37

of different stories Let me know what you think who you'd

6:40

like to see featured from our archives of more than a

6:42

thousand stories more than 2600 episodes

6:45

side hustle school comm lots of resources there.

6:47

This has been episode 2644

6:50

I'll come back again tomorrow. I hope you'll join. It's always free.

6:52

My name is Chris de la voe. This is side

6:54

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