The growing demand for outsourcing is increasing with time as layoffs continue to highlight an increased priority on new roles and innovative practices. With all the opportunities available in our digital landscape, many companies are searching for a way to increase output and productivity, while keeping costs lower. With the globalization of the internet and a highly tech-savvy generation creating new areas of businesses daily, the digital hustle has never been more lucrative. All in all, it's safe to say that the gig economy is picking up again.

Nick Wood
Nick Wood Nick Wood

The statistics back this up as well. As of 2023, over 40% of Americans are actively investing in their own side hustle businesses. The average hourly wage of these gigs is somewhere between $30 and $40. Doesn't seem too bad for the 13 hours a week US citizens spend working on something other than their primary source of income.

The digital world has opened up a vast array of opportunities for entrepreneurs who want to make money from home and entrepreneur Nick Wood is among them. Known online as "the King of Digital Real Estate", Wood has been capitalizing on the side hustle trend and is now well on his way to his goal of creating a $100 million net worth in the next three years. Wood recently shared his opinion that the side hustle economy is an inevitable way of the future and that only more passive income opportunities will continue to be created as time goes on. Wood has already started a thriving online course and community called Digital Landlords that is currently over 400 students strong and is creating life-changing income for many in his hungry group of digital entrepreneurs.

Wood's Digital Landlords online course provides a unique platform for individuals ranging from 18 to 60 years old, hailing from various corners of the globe, to learn the art of generating passive income. With its primary focus on the construction of niche-specific websites, this in-demand program teaches students how to strategically generate and rent out leads to local businesses on a monthly basis.

By utilizing his innovative approach and signature curriculum to build steady passive income streams, an impressive number of Nick's dedicated students have reported impressive monthly earnings, spanning between $10,000 a month, all the way up to $45,000, a testament to the efficacy of the Digital Landlords method. The low barrier to entry of the student pool, the flexible nature of the program, and the results-focused methods have all contributed to establishing the Digital Landlords course as a standout choice within the realm of passive income resources.

"Side hustles are essential in today's economy," said Wood. "You have to work smarter so you can move faster, and with technology constantly evolving it's easier than ever to generate passive income streams. I always tell my students: All you need is Wi-Fi and a whole lot of hustle."

But through his business, Wood isn't solely talking about side hustles–in fact he says he doesn't even like the term. "The only way to achieve your goals is to treat the side hustle like your main hustle. It works if you do."

Wood says his primary goal is not only to build Digital Landlords into a 9-figure digital real estate empire, but also to help others by teaching them how to build sustainable incomes for generations to come. Wood believes that side hustles will become more popular as people realize they don't need to be tied down to one job or career path. With Wood's signature style of rank and rent digital real estate, anyone can create a stream of income without spending thousands of dollars upfront or spending months setting up a traditional business. "Digital entrepreneurship allows people to create their own businesses without any sales or technical experience," said Wood. "It's a great way for anyone from any background to make money from home. That's why I always refer to this as the best business model on the internet."

"The ideal side hustle should take little time, require less effort, and have the potential to earn massive profits," continues Nick. "Once you can crack that code, you can break it open. It's something I think everyone should experience. It's addicting," he says.

Nick Wood's hundreds of students–or "Landlords" as they're referred to among those in his community–are making money by investing as little as $50 in their hustle, enough to pay for a website domain and hosting fees. Everything after that, is built around boosting their income, which in turn allows them to have full control over how much they want to work and from where.

Wood says this type of online hustle is going to increasingly become the norm in our digital age, as more people in the workforce will continue to find that these jobs are actually somewhat more secure because of complete ownership and much less stressful due to the flexibility of working for oneself. For all these reasons, Wood speculates that the conventional 9-5 office job will continue to evaporate in the coming years, especially as post-pandemic work flows continue to take root.

Wood's foray into the digital real estate space proved to be the catalyst for significant change in his business and lifestyle, paving the way to financial freedom and now a thriving community of digital entrepreneurs earning passive income from their phones. Digital Landlords highlights a growing number of companies led by Millennial and Gen Z founders that are changing the way the workforce looks. While many point to the uncertainty of self employment and risk of entrepreneurship as a reason to stay in a corporate setting, an increasing number of workers are making the decision to jump to their "side hustle" full time for the higher upside. As big tech continues to make constant updates and changes to their platforms, it seems we'll continue to see new side hustles and passive income opportunities pop up right behind them.