Some of you may have dreamt of quitting your day job and becoming a full-time freelance writer or photographer…er, many of us who read this blog have dreamed of that, right? Then there are others who have already made the leap and made their side hustle their full-time gig.
It is not only an opportunity to earn some extra money, but it can be the key to becoming wealthy. No matter where you are on your side hustle journey, there is something new to learn for everyone. The pandemic has created novel needs for people, side hustle experts say, presenting new opportunities to help meet those needs.
You can find side hustles everywhere — in your home, on the street, or even in outer space.
Here is some knowledge to help you on your side hustle journey.
1) Start at the base
Starting small is a great way to get a side hustle going. If you are going to start a business, why not start small? It is less risky, and it allows you to keep your day job while testing the waters with your new venture. Be patient and invest what you can afford.
Once you have a few customers, it is easier to decide whether you want to add more fertilizer or seeds. Do not invest all your money creating a website before you have any real validation. Validate and sell first, then if you have traction, go for it!
2)Find what is best for you
The perfect side hustle is not a unicorn—it is a horse with three legs.
To start a side hustle that works for you, you have to consider three things; your skills, your interests, and how much money you want to make. If you can not figure out your best skills, ask your friends, family, and coworkers to help you or look at your previous experience.
We learn many skills in our day-to-day activities that we rarely use. We may not even realize how different skills apply to various tasks. A teacher can also become an online tutor. A car mechanic, who fixes up and sells used cars on the side, might find that she enjoys this part of the job most.
The hustle culture tells you that you have to work 15 to 30 hours a week on your side hustle, but that is a big fat myth. You do not have to leave your day job to get the best out of your work, set non-negotiable hours for your side hustle. Dedicate this time to improving and making your business grow.
When you do not have enough time to finish an immediate task, Moore says to start working on it anyway. “You will find opportunities in motion,” he says.
4)Know your worth
The fear of charging for your services can be a big challenge to overcome when you start your first side hustle. “When I first started, I hesitated,” says Russell. “Do I want to charge for promotions?” But over time, he realized that he was fulfilling a need that another company had and began charging for his services.
When you start a side hustle, you need to decide what your biggest goals are. If you are going to make money selling your product, you have to put a price on it and then figure out how to get the word out about your business.
5)Get clear on your reasons for starting
Some people want to quit their jobs to travel the world or start their own business. Other people want to leave their full-time jobs to focus on something else that is more creative.
Starting from a goal makes it easier to measure your progress and celebrate your success. Remember that your side hustle can be a success even if it does not turn into the next billion-dollar business but instead helps you reach your specific goals.