396: Private Label vs. Product Licensing: Which is the Better Side Hustle?

<p>In the e-commerce space, selling private label products on Amazon has been a popular side hustle for the last several years.</p> <p>But is it still the best way to go?</p> <p>Or is there a lower risk, higher reward way to turn your ideas into profits?</p> <p>In this episode, which is the second episode of our Showdown series this month, we’re comparing two ways you can capitalize on opportunities in the market; selling private label products and product licensing.</p> <p>For this debate, I’ve sourced two guests who have appeared on the Side Hustle Show before:</p> <ul> <li>Greg Mercer of <a href="https://www.junglescout.com/" target= "_blank" rel="noopener noreferrer">JungleScout.com</a>, creator of the popular Jungle Scout product research and amazon analytics software. We last from Greg on episode 263, when he talked about <a href= "https://www.sidehustlenation.com/amazon-fba-private-label-product-research-strategies-for-2018/" target="_blank" rel="noopener">how to find your first Amazon FBA private label product</a>. (Try Jungle Scout for half off your first month with <a href="https://sidehustlenation.com/junglescout" target="_blank" rel="nofollow noopener">my referral link</a>.)</li> <li>Stephen Key of, <a href="https://inventright.com/" target= "_blank" rel="noopener noreferrer">InventRight.com</a> and author of the <a href= "https://www.amazon.com/One-Simple-Idea-Revised-Expanded-ebook/dp/B0153UGCF8/ref=as_li_ss_tl?_encoding=UTF8&qid=1593550577&sr=8-3&linkCode=ll1&tag=shnation-20&linkId=c1cb1431dc67676e70d79b2c73b6b186&language=en_US" target="_blank" rel="nofollow noopener"><em>One Simple Idea: Turn Your Dreams into a Licensing Goldmine While Letting Others Do the Work</em></a>. We last heard from Stephen on <a href= "https://www.sidehustlenation.com/turn-ideas-recurring-revenue/">episode 113</a>, when he talked about how you can turn your ideas into recurring revenue.</li> </ul> <p>Both business models allow you to exercise our creative muscles. But, as you’ll find out, each model is suited to a differ