Working on just one 9-to-5 job that doesn’t even pay you well isn’t always enough for anyone living in this competitive and extremely expensive world.
With a rise in inflation, people sometimes are unable to purchase their ‘extra’ wants. So, they need a part-time job or a side hustle that could help them add some extra money to their pockets.
A side hustle lets you work in your spare time, after office hours, or whatever way it suits you.
But what exactly is a side hustle?
In this article, you’ll learn everything you need to know about starting a side hustle.
What is a Side Hustle?
A side hustle is any job that you can do, after or before your office working hours (if you have a usual job), to make some extra cash in order to meet your day to day expenses. It can be your passive income, where you don’t have to invest a large amount of money.
All it needs is just a little effort to earn big money.
The emergence of social media and such online forums where people can interact with one another have opened a lot of doors for people who want to work part-time along with their full-time job.
A side hustle basically aids such people in making the extra money from home.
After all, who wouldn’t like to have some extra income?
Almost everyone wants to have a side hustle. But sometimes you find yourself in a dilemma about which part-time job would suit you the best, or which of the side hustles would be easier for you to carry on with while working on your full-time job.
But before you choose a side hustle, you need to know why exactly you are looking for one. This will help you choose a more suitable side hustle idea for yourself.
Why Are You Looking To Start A Side Hustle?
Now there are a lot of reasons why people would want to start a side hustle. Some of these are:
You Want More Freedom And Time
Some people love being busy. They are true workaholics. And when they have time on hand, they would want to use the most of it by being productive in that spare time.
While earning extra cash might not be their only motive to start a side hustle, it would keep their minds occupied by working a little extra. For them, anything that could be productive would be a right choice for a side hustle.
You Could Use The Extra Money
The most common reason why anyone would ever want a side hustle is that their job is not paying them enough to finance their daily needs and wants.
Such people want to make sure that whatever they choose as a side hustle, it is a good investment that would benefit them immensely.
They want to start a side hustle to make money.
Can’t Work Full-Time With College
Mostly students want to work while they are studying, and even working part-time can consume a lot of their time. They would want to have a side hustle that would give them a passive income without much effort.
You Want To Be Your Own Boss
Not everyone feels good about being boss-ed by others. This is especially true when the boss is giving you a hard time, and you don’t have any option but to stay in that job.
For people who want to be their own boss and want the freedom to make decisions, they can start a side hustle that would be a great start for a passive income and could become the reason for them to quit their job without any worries.
Have A Skill And Want To Monetize It
Every person is differently-abled. Some people are born with skills, while others learn certain skills with time and practice.
Got some amazing skills? You can use those skills to make some extra cash.
And just as they say, “If you’re good at something, never do it for free”, why not create a side hustle based on your skills and make money?
How to Start a Side Hustle in 3 Steps
Starting a side hustle might seem a difficult task for you. But if done accurately, this could be your source for a long-term passive income. With so many ideas and options to choose from for a side hustle, here are three steps to help you get started.
1. Identify Your Goals and Expectations
If you want to start a side hustle that will last and would be a profitable investment for you, you need to make sure that you have enough time to give this side a hustle a few hours, if not the entire day. A few hours is probably all you need to invest to get started.
When you work, your main goal is to complete the task within the allotted time so that you don’t have to do any extra hours. Right?
Similarly, working with a side hustle also requires time and focus.
Analyze your daily routine and see what time you can allot to your side hustle and if you will be able to give it your 100% during that time or not. For instance, if you feel you are too tired to work again after your usual office hours, then experiment working in the morning before going for your full-time job.
The time you choose for your side hustle also depends on the kind of side hustle you will be choosing to work on. For example, if you want to become a YouTube vlogger, you would probably need the daylight to shoot videos and other related content. However, if you are making videos of DIY crafts, then you can also adjust the same side hustle during the night hours.
Time is, by far, the most crucial part of choosing and running a side hustle because ANY business, whether small or large, needs a little attention and 'time' for planning, execution, and maintenance.
2. Pick Your Side Hustle
Now, based on the 'whys' of starting a side hustle, understand why YOU want to start a side hustle. And depending on this, pick the best and most relevant side hustle for yourself.
One thing that you need to make sure about is that you must love what you are doing, or do something that you love.
For instance, people who love doing makeup often start creating makeup tutorials on YouTube. And we all know how YouTube is inundated with popular makeup channels boasting millions of followers.
If you think you are good at talking and could be a good motivational speaker, then you can use your extra time to work as a motivational speaker, while establishing yourself as a social media celebrity.
Do you have a car and enough time to work as an Uber or Lyft driver? Why not explore this option as a side hustle?
Are you a good cook? Can you bake cakes? Then this could be your side hustle: home-based catering.
Or, if you're a good writer, think about starting your own blog or a freelance writing career.
Do you think you can make some really cool DIY products? Then sell those on Etsy.
Worried about promoting your side hustle?
Leverage social media. It has become a hub of marketing, which makes it easier for anyone to start a side hustle with a sure-shot chance of making it a huge success.
3. Find Your Ideal Audience
If you wish to have a side hustle that helps generate a decent passive income, then you need to thoroughly research the market for the service/product that you will be offering.
Are there enough customers who would be interested in purchasing the product you are offering? Are there competitors in the market? How is their side hustle turning out and how is their audience responding to their products/services?
Deeply analyze the target audience for your side hustle as it will decide the success of your venture. The better the involvement of the audience, the higher your income will be.
Regardless of what side hustle you choose, you need to make sure that you present the product/service at the right time to the right people.
For instance, if you are making DIY products and presenting it to an age group who would not be interested in purchasing these, then your hard work will all go in vain.
However, if you choose the right product for the right audience and at the right time, there are more chances of you selling all of your stock within seconds.
It all depends on choosing the right kind of audience and making sure they would be interested in your product/service.
How Much Income Can A Side Hustle Make?
Well, the sky is the limit.
The more sales, views, the involvement of the audience, and the popularity of your name, the higher will be the amount you can earn.
Your offer and the way you market it to the audience is what decides how much you will earn. So stay consistent in whatever you do and keep implementing creative ideas to reach out to a relevant audience.
Here’s some inspiration to let you know that you can actually make big money with a side hustle.
Kristen Berry, who worked at a pharmaceutical advertising, started graphic designing as a side hustle and made profits in ten folds. In fact, now she has her own website and has made her side hustle a full-time job.
Got great music skills? Remember, Armani Roberts side hustled his DJ skills and made boatloads of money.
If you love pets, you can become a pet-sitter like Melanie Lewis and still make good money. Or you think you can write well? Take inspiration from Julie T. Ewald and launch a writing-based side hustle.
You can even design websites in your free time like Skot Carruth and make a successful side hustle out of it. And one day, you might even make it your full-time successful venture.
All these people started a side hustle and turned it into an independent business, making millions of money. It is all about the amount of effort and hard work you put into your side hustle.
Some Popular Side Hustles
There are innumerable ideas for side hustles on the internet, which may or may not be perfect for you. And a number of these side hustles do not require a certain kind of skill.
If you think that you can do it, just go for it. You can always try your luck at different things and explore which one could be perfect for you.
Not sure what side hustle to choose?
Here are some of the most popular and most commonly opted for side hustles. And people have earned a lot of money along with fame with these side hustle ideas:
1. Freelance Writing
You can work as a content writer or a blogger on different websites like Upwork and Freelancers.com.
2. Graphic Designing
While you can start your own page on Instagram or Facebook, you can also create gigs on freelancing platforms to sell your services.
3. Instagram Influencer
Want to know more about influencer marketing? Check out our blog post here.
4. Dropshipping Business
Dropshipping business is a rage these days.
Create a forum where people can purchase the goods that you are offering to sell. It doesn't have to be your own products; it’s more like providing them a marketplace to shop from.
5. Virtual Assistant
A lot of businesses today require virtual assistants who can manage their website, social media pages, emails, and other admin related work. You don’t need any specific skills or tech expertise to become a virtual assistant.
All you need is a laptop and some free time every week.
Summing It Up
Any side hustle that you choose to go ahead with must be based on three things: your skill, passion, and ability.
And you have to enjoy it as much as you want to earn from it because you are bound to lose interest in anything that you don’t love or enjoy.
You don’t have to be perfect at it from the minute you start it, but you have to be consistent and never give up.
No matter what side hustle you choose, you should be hopeful that this could be your big breakthrough.
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