In the age of the internet, it has never been easier to start a side hustle. If you’d like to earn some extra money outside of your job but aren’t sure how, this guide can help you unlock your full potential. It doesn’t matter how much time you want to spend on your new venture, side hustles offer complete flexibility and can even become a full-time career in the future.
But before you take the leap, make sure you consider these steps:
Before you set up your side business, you’ll need to decide on what product or service you’re going to sell.
This could be something practical like…
- making handmade goods or artworks,
- or something more virtual like teaching a foreign language online.
Think about your hobbies, skills and interests. While you can do a course to learn something new, it’s likely you already have something to offer potential clients without spending more money on a qualification.
Once you’ve decided on the side hustle you want to try, it’s time to start your research.
Read blogs written by others who’ve undertaken the same journey as you and make sure you check out the competition. You can learn a lot from looking at other people’s websites and social media profiles, especially when it comes to pricing.
It might not even be essential to set up your own website, with many people using third-party sites or job boards to sell their goods and services. This is ideal for those looking for a low-maintenance side hustle, as you won’t have the added costs of hosting your own platform.
While lots of side hustles can be started for free, if you really want to take your part-time income seriously it’s going to be important to invest your time and money into it.
Whether this means upskilling, paying for advertising, or having a professional logo designed, sometimes spending money will help you to grow your income more quickly.
Don’t be afraid to use some savings to get yourself up and running, you’ll probably be surprised at the results.
If you’re starting a side hustle that’s unrelated to your main job, you’ll probably need to build some relationships in this new industry.
Sign up to webinars or go to meetups in your local area where you can meet other people passionate about side hustling.
You might meet potential collaborators that will allow you to grow your business even more than you originally imagined.
Starting a side hustle is never easy and it can take some time to see results. If progress is moving slower than you’d hoped, don’t give up.
Reach out to experts for advice or spend a few extra hours a week on building your online presence. You don’t have to give up your whole evening, just use the little pockets of time you have wisely to build your side hustle over the next few months.
Are you thinking about starting your own side hustle? Are you ready to make the leap?
AUTHOR Derek Sall
Derek has a Bachelor's degree in Finance and a Master's in Business. As a finance manager in the corporate world, he regularly identified and solved problems at the C-suite level. Today, Derek isn't interested in helping big companies. Instead, he's helping individuals win financially--one email, one article, one person at a time.