PEOPLE are seeking ways to make more money alongside their jobs.
One TikTok user found a way to do exactly that, and in a wholesome and fulfilling way that made those she was helping want to adopt her into their family.
Nicole Petrarca (@nicole_petraca on TikTok) recently shared an impressive story about making $2,600 in just 45 minutes.
The core of Nicole’s success lies in what she calls her side hustle role as an insurance agent, specifically in mortgage protection insurance.
During her TikTok, she documents a call she made to a couple, Bill and Amanda, regarding their scheduled appointment to discuss mortgage protection options.
The conversation reveals several key elements that contributed to her earnings.
GETTING INTO IT
The call begins with her confirming their scheduled appointment, showcasing the importance of communication in establishing a connection with potential clients.
She asks Bill and Amanda about their monthly income and medical history, to gather the necessary information to assess their eligibility for different insurance options.
As the conversation progresses, Nicole presents various coverage options tailored to their needs.
She highlights one particular plan that covers 75% of the couple’s mortgage, emphasizing the importance of protecting their financial future.
This personalized approach helps build trust and rapport, key elements in any successful sales strategy.
At the conclusion of the call, Nicole expresses her commitment to being their “agent for life,” reinforcing her dedication to their needs.
Nicole demonstrated the kind of relationship-building that is vital in sales, as it encourages clients to reach out for assistance in the future and increases the likelihood of referrals.
By the end of the call, Nicole joked with the couple that she was “adopted into the family.”
This demonstrated her ability to connect on a personal level, making the conversation more enjoyable and relatable.
Nicole’s earnings from this single call reflect both her expertise and the commission structure typical in the mortgage protection insurance industry.
Side hustles and tax implications
Extra income you make from side hustles may need to be reported to the IRS.
If you receive more than $600 in gross payouts from a selling platform like eBay, the site will issue you a Form 1099-K to use in your tax return.
Individuals should calculate their adjusted gross income, taxable earnings, and deductions for the year.
Once they have that, they can use the 1040-ES form to calculate estimated taxes.
While the specifics can vary, agents often earn significant commissions on the policies they sell.
In a previous video, Nicole said that she made up to $3,749 in one day and $9,262 in just one week.
The U.S. Sun has expansive coverage on other side hustles, so it’s best to have a look if this isn’t the one for you.
