In today’s ever-expanding gig economy, making money with the so-called “side hustle” holds a lot of intrigue for those wishing to ditch their day job, or add a layer of financial resilience in case of job loss.
Many people who’ve started a side hustle had it turn into a full-time business that provided them with more income than their old job. It’s a pretty attractive idea.
Whatever your specific financial goals are, there are some definite benefits to starting a side hustle, and you may be eager to dive right in.
However, it can be difficult to know where to start!
While money is the primary goal, you can’t discount the importance of fun. After all, you’ll likely be doing a side hustle on top of a regular job. You don’t want your time off to be a drag. Plus, if your side hustle is something you enjoy doing, you’ll be far more motivated to put the time and effort required to make it profitable.
Passion can make or break your long term success.
What Is A Side Hustle?
The meaning of a side hustle according to the Webster dictionary can be found in a post on there website at: Words Were Watching, Side-Hustle – I love how they give the whole concept of a side-hustle in these terms: “Side hustle’ appears to have entered our language in the 1950s, when it was used to describe both scams and legitimate jobs.”
For now, I’ll just stick with the idea that its a second job or side gig that you do for making extra money!
How To Start A Side Hustle
The obvious place to begin is determining what you’re good at doing already, which will allow you to start marketing your skills, goods or service right now without obtaining any extra training or certification.
By starting with what you know, you expedite the process of getting your side hustle up and running.
Are you a great artist with a portfolio in place? Then start selling your art prints online today.
Perhaps you’re a real dog-whisperer, in which case, pet-sitting may be the best avenue for you. There’s an infinite number of skills.
Sit down and write a list of everything your attributes to help you narrow it down.
How To Pick The Best Side Hustle Job If You’re An Introvert
Some side hustles are people-facing, whereas others require you to sit quietly by yourself in a room. Figure out which one you prefer–it will save you a lot of grief in the long-term. If you’re an extrovert, then a side hustle that requires you to interact with people will be fun and energizing.
If you’re an introvert, you’ll dread the hustle. Introverts may be better off with a side hustle involving focused and independent work; this is where they thrive. Freelance writing and blogging are perfect side hustles for introverts.
A Good (profitable) Side Hustle Means There’s A Demand For Your Service
Just like any other business, side hustles are subject to the whims of the marketplace. If there is a demand for your good and service, then you can make some extra bucks by being a “supplier.” Part of the fun of a side hustle is that you can try out several different ones to see which land. If you don’t have a sale or client after several weeks, that’s a good indication that your service isn’t in demand. It’s best to move onto something else.
The Best Side Hustles That Make Money Won’t Require Lots Of Your Time
The whole point of a side hustle is that it doesn’t take much time, so avoid starting a side hustle that will take over all your waking hours. You may have to put in some more time in the beginning during your “startup” phase, but ideally, your side hustle shouldn’t take more than a few hours a week.
Do the math. Gather data. Crunch the numbers. Can you reach your financial goals from putting in just a few hours a week? If so, then you have a winner.
The Best Time To Start Is Now
Procrastination is the enemy of the side hustle. People often procrastinate because they are afraid of failing. Therein lies the beauty of a side hustle: it doesn’t matter if you fail. If your first side hustle idea fails, then move onto the next one. You’ll have learned something through failure and be one step closer to success. As soon as you have your idea, take action. The sooner you do, the sooner you’ll be making real money.