4 Great Home-based business Ideas: What side hustles I can do?
Although we live in turbulent times, where the pandemic of the coronavirus monopolizes everything and causes millions of people to lose their jobs every day or that large companies in the world go bankrupt due to lack of liquidity and not having defined expectations
for the future, there is still a small group of dreamers who do not give up: They are the entrepreneurs, the engine of the industry that keeps growing and that every year adds more and more followers who believe that being your boss or start earning money from a side hustle is also a successful alternative.
Home confinements, extreme security measures in practically the whole world, the economic crisis that has caused millions of people all over the world to become unemployed or has seen their working days reduced by half due to lack of activity are some of the many reasons that have caused the increase in demand for side jobs that are suitable to be done from home: YouTube tutorials, keeping the accounts of a small company or a self-employed person, being a craftsman, etc.
The coronavirus crisis has put the imagination at the service of humanity, boosting the search for quick solutions that allow us to increase our weekly income without having to invest too much effort or money in it. Fortunately, the pandemic that has come to change our lives has done so at a time when technology is very advanced, being able to perform almost any side job through a computer with an Internet connection.
However, is any type of side hustle valid to start earning money quickly from home? Unfortunately not, because if so, millions of people would have already chosen to leave their main job and start living on the income provided by the little hobby that they do from the terrace of their house having an iced coffee. Not all the jobs that can be done through a computer will provide us with income, let alone allow us to live better thanks to their benefits. You have to know what kind of side jobs are profitable and which are not, and that is precisely what we will do through this article.
Steve Jobs’ work partner, eBay creator Pierre Omidyar, and Henry Ford are some of the most significant examples of this type of small-scale entrepreneurship, starting their career within a large company that provided them with security and a promising working future. At the same time, they ventured to take their first steps in other types of smaller projects slowly but surely. The only disadvantage of this type of project? Time. When you combine two work activities, the time is reduced by half, and therefore, the results you will get from each of your projects will be longer in time.
If you are looking for quick solutions for your life that allow you to give a break to your economy and start living in a more relaxed way, without being all day thinking about whether the money you earn in your job will be enough to pay all the bills. At the same time, you gain experience in other work sectors that in the not too distant future could be of great help, read on because you are in the right place.
Below we will explain four examples of successful side jobs with which you could put into practice what we have explained in the introduction of the article: increase your monthly income without having to give up your current job and from the comfort of your home. Because it is precisely in times of greatest need when human ingenuity finds its best version, we are in the time of the brave. Are you going to miss it?
Let’s get started!
Four successful side hustle ideas for pandemic times
1. Online tutoring
What has been one of the things that have suffered the most since the pandemic and is still difficult to do today? Education. Education as we knew it is disappearing, and although the coronavirus has brought forward many things that would indeed have happened in later generations due to the unstoppable advance of technology in the world of education, the use of computer resources to study is a must for any student today, whether a child, teenager or a qualified teacher.
However, although computers have helped a lot during home confinements, especially to be able to see our friends and family through video calls, there are still many people who have not been able to take advantage of all the benefits offered by the Internet to study from a distance, or in our case to become private tutors from home to help others to strengthen their studies while protecting themselves from viruses and comply with the required security measures.
Do you have higher education, do you consider yourself a smart enough person in certain subjects, or are you a part-time teacher who needs to increase your income to pay the rent of your house? Then it would be best if you bet on a side hustle of online tutoring, in which you can become the tutor of whoever you want through your computer and your webcam. An alternative job that has not stopped growing in recent years can generate a monthly income of over 1000 dollars. The key to achieving it? Perseverance and knowing how to choose each online client well.
Become a successful private tutor on YouTube
Suppose you are an open, spontaneous person who is not afraid to show yourself talking in front of a camera. In that case, you should try to take your first steps in online tutoring through YouTube, the most famous online multimedia content platform of the last decade and accessed by students of all ages from all over the world. Did you know that more than half of university or high school students admit to looking for a video explaining their subjects to better prepare for exams?
The reason why they prefer to have someone explain the math lesson to them through a video and not in person during the traditional class is straightforward: in the video, the contents are usually better structured, you can watch it as many times as you want, repeat the most complicated parts and the images and music that usually accompany each lesson are infinitely more enjoyable than the monologue of our teacher. This is the reason why millions of people, especially young people or adults under 50 years of age, have embarked on the adventure of creating their online teaching channel and being the teacher of millions of people at the same time.
The only drawback of this type of distance learning? The number of hours you will need to invest in creating each video and how difficult it will be at first to reach a wider audience. Ten years ago, when Facebook and Youtube started to work, there were hardly any people dedicated to filling the platforms with videos, which made them grow very fast and become very famous in a short time and with little effort. Now all that has changed, the consumption of these social networks has become massive, and the number of activated users trying to become famous has also increased, so the competition to stand out is and will be huge.
Does that mean it’s impossible to make money from YouTube these days? No, you will have to try harder and be a bit more patient. In addition, there is also the possibility of linking your channel and your videos with other social networks like Instagram, which will allow you to make beneficial small advertising campaigns that will make you increase your popularity in a short time. It’s all a matter of planning and consistency, that’s all.
Some of the YouTube channels about online tutoring help students prepare for important exams such as the university entrance exam, the compulsory secondary education certificate, or official language exams. If you decide to go for any of these topics, you will indeed become popular in no time, so don’t hesitate to give it a try and make the most of all your knowledge!
2. Private tutor
Do you consider yourself an old-school teacher? You have no idea how to manage social networks and much less how to edit videos on the Internet? Are you looking for an alternative way to have your students remotely without having to be connected to any social network? Don’t worry because it is also possible; millions of people have become virtual teachers from their homes and have made teaching one of the most profitable side hustles of the moment.
To do this, you will only need a computer with an internet connection and an integrated webcam of medium quality, a good resume where you make clear your specialties in teaching, the age of the students you are looking for, the number of hours per day you can offer to teach and your fees (which can be fixed or negotiable). Once you have all this clear, the next thing you can do is to opt for two ways to find students: word of mouth, i.e., go talking to people you know and letting them know your intention to teach so that they inform other parents or interested students, or register in one of the many portals of school reinforcement open on the Internet.
While it is true, at the beginning of starting to give classes, you will not find it easy, and you may feel a little self-conscious for not being familiar with the format, nor with the students, but nothing that can not be improved with the passage of time and practice. On the other hand, the fees for online teachers are not exactly very high (at the beginning), so do not be discouraged if you do not get to earn the amount of money you wanted during your first months in this side hustle.
When it comes to working in a side hustle, especially when we do not have much experience, money is not exactly the most positive aspect. It is necessary to be constant and not stop looking for new contacts that allow us to increase our rates (as long as we are good teachers and our students publicly share their recommendations). There are many known success stories in which the teacher started earning 10 dollars per hour of class during his first year. The following year, he doubled or even tripled his earnings by working in prestigious online teaching agencies.
Teaching is a fundamental right that the pandemic has endangered in many parts of the world, especially among those families with fewer resources who have not been able to access the Internet to continue their education at a distance, so betting on becoming a part-time teacher as your successful side hustle will always be a good idea. Since you will be benefiting yourself economically, you will be helping other people continue their education and become more educated and with a significant number of opportunities for their future careers.
What could be nicer than that? Bet on teaching as your main side hustle and start earning extra money every month doing what you like the most: teaching and helping others to acquire more knowledge.
Become the accountant of a company or take over the accounts of a small businessman
Were you always good at mathematics? Did you do calculus homework for all your friends in exchange for movie tickets or just for friendship? Did you graduate with a degree in economics but never got to work as an economist because life took you in other directions? Have you been retired from your permanent position as an accountant for a year, but you feel like earning a little extra money from home to be more relaxed every month? If you find yourself in any of these cases, you are in luck because being an accountant is the second-best paid side hustle nowadays, and you will be able to earn easy money in just a few months.
Did you know that an accountant can earn an average of $24 per hour? According to statistics published by the Bureau of Wage Statistics, a self-employed accountant can start out earning around $18 an hour and quickly reach a higher rate after several jobs that have given him or her more experience and credibility with other potential clients greater importance. This makes this side hustle a great work alternative, especially if we are unemployed or have many free hours a day to invest in it since, with only five hours of efficient work a day, we can double our monthly income comfortably and.
You don’t need to have an official qualification to prove your competencies.
Although the accounting position in a company is significant and it may seem that only highly qualified people with a diploma under their arm can do it, the reality is that the Internet has made it so that it is no longer necessary to present all our credentials to win a good job keeping the accounts of others; you need to know how to do it and prove it.
And how can I get a remote job doing other people’s accounting without having a degree to prove it? Through the Internet and its many freelance work platforms that offer thousands of job opportunities every day for people who want to start earning money on their own from anywhere on the planet. The most famous platforms of the moment and with which you will indeed find some exciting job opportunities are Fiverr and Upwork, among many others.
To register among its long list of users, you will only have to enter your data (nothing compromising, they only do it to check that you are a natural person and resident in a country), choose the themes of work in which you are interested and your fixed or variable fees. On the other hand, they will also ask you to add an official resume so that the companies can check it and see all your training carefully (if you have any); otherwise, you can add all your previous work experiences and some references from other clients who were satisfied with you.
It is not that it is necessary to add an official document that proves everything you have done. Still, for future hiring, companies like to see that a candidate has taken some trouble to present himself as a professional, regardless of what your training or experience is. Including your photo will also earn you points, as it will add credibility to your entire profile and make anyone feel more confident about contacting someone they can put a face to.
Don’t forget that investing time in your presentation will always increase your chances of success later on, especially if you are trying to find a job remotely where there is no possibility of interviewing people. Bet on your skills and show them to the world in an intelligent way, that’s all.
You can take a quick accounting course online.
Do you want to start your accounting side hustle with all the guarantees of success? Have you always been good at doing the accounts, and math was no problem for you when you were a student, but you moved on to something else? Then you might consider taking an accredited online accounting course or the short classroom courses currently offered by the American Institute of Professional Accountants.
Both are elementary, low-cost training courses that will give you an essential knowledge base for your new job as a freelance accountant. So if you want to learn the keys to this job, signing up for one of these courses will increase your level and be a new title to add to your resume, significantly increasing your chances of finding work quickly.
Become a resume writer and help others improve their chances of success
Have you always been good at writing? Were you the best in your class at writing papers, and your classmates always asked you to help them improve their papers before submitting them to the professor? Then you are interested in the side hustle of resume writing; writing other people’s work experiences can make you immensely rich in a few months!
Knowing how to write is a gift, and as such, not everyone can have it, which means that those people who are born with the innate ability to know how to order words on paper correctly have the opportunity to make a living from it, and also from their homes and without having any boss to boss them around or bother them during all their working days.
CVs are essential, and we all end up needing one when we become adults, no matter what we do for a living: without a well-written CV, no one will bother to interview us or call us to find out more about us. That’s why starting to work as a resume writer can open many doors and double your monthly income in just a few weeks.
3. Sign up for freelance job portals
To start earning money as a resume writer, you will have to follow the same steps as with the previous point that we have explained, register in one of the many freelance work platforms that are on the Internet, enter all your credentials, and start looking for potential clients who might be interested in your profile.
However, unlike working as an accountant, to prove the quality of your writing and so that all companies or individuals can quickly check that what it says in your profile is true, it is recommended to upload some previous work where your writing skills can be appreciated: CV’s, journalism articles or even your blog post. This will give clients a more realistic view of your work, and they will contact you more quickly. So now you know, if you have saved your old work on your computer or you are the owner of an online content column, upload it to the system. It will be a great help to you.
Leverage your work as a journalist to find your clients
Do you already have a part-time job at a publishing house or a local newspaper where you write all kinds of texts? Please take advantage of your experience and contacts to find new clients on your own and start earning more money by working on your own and helping them improve their CVs or online profiles. There is no better proof for someone to hire you than to be working every day for a newspaper and that your bosses are delighted with you: take advantage of your position and start creating your portfolio of secondary clients.
For example, Linkedin is one of the most prestigious job search platforms for professionals today; everyone who creates an online resume through this platform has a much better chance of getting a job in a good company. Now, does everyone know how to create a good resume so that it is effective and catches the attention of companies? No, and that’s where your work begins. Working as a resume writer also means improving the online profiles of thousands of active workers who have no idea how to present themselves in the working world.
Being a resume writer can become the best decision of your life, as long as you know how to choose your clients and your skills as a writer are good. According to several studies, the best resume writers of the moment can earn up to 550 dollars a day, which would triple the monthly income you had so far in your writing position. It’s worth a try, don’t you think?
4. Virtual Assistant
Are you good at everything that has to do with business administration and management, online marketing, and online content creation for companies and individuals looking to improve their profits and expand their brand? Then don’t hesitate to become a virtual assistant; you will start earning a lot of money from home doing something you are passionate about.
We live in the digital era. More and more people decide to create their own business with the help of social networks; however, not everyone knows how to manage a brand or understand the operation of a marketing strategy. If you have experience in this sector, you are already dedicated to it and want to start earning more money on your own. Do not hesitate to start looking for job offers on platforms like Fiverr or Upwork; thousands every day are very well paid.
According to data that Upwork itself has shared publicly, a prestigious virtual assistant who has been working for several years can earn up to $55 per hour. It is a good business that will make you earn a lot of money quickly, try it!
What’s great about some side hustles is that you can do them from anywhere. It won’t matter whether you’re at the comforts of your own home or at a friend’s place. When you have a portable device that can be connected to the Internet, then you should be good to go. Besides, some hustles pay more the more that you give your time to them. Here are some profitable side hustles that you can actually do no matter where you may be:
First, you can choose a genre that you would love to write about. After that, you must make sure your grammar in all of your posts is flawless. Of course, you must make sure that you post on a consistent basis so that readers won’t think that you are not active as that is a big turn-off. Better do a lot of promotions when it comes to your blog so that the popularity would increase. You would want to get noticed by the public so that advertisers would come calling in. Hence, don’t forget to make social media accounts for your blog that would be totally separate from your personal social media accounts. Believe it or not, you are going to become pretty popular just like some bloggers turned into celebrities if your content is good. There may even be some people who would love to write for you on your website. There is a reason why some bloggers actually have several blogs. They can’t decide which genre to get into. There is food, travel, beauty, and anything else you can get your hands into. The bottom line is that you know you may not even notice the amount of time that has passed while you are doing those things. Great Home-based Business
If you love teaching, this is the side hustle for you. What’s better is that it actually pays by the hour. The more students you have, the better it would be for everyone involved. After all, the learning does not stop for some students who just love to learn. Due to recent advancements in technology, it is actually possible to teach people from the other side of the planet. You just need to be online at the same time as time so that is something you will need to talk about. Of course, you need to be some kind of effective tutor so that you can be certain how you would teach these kids the future of society. There can be some times when you will stop in the middle of the lesson and take a breather. Keep in mind that is pretty normal but that would be alright as long as you would not mind dedicating a lot of time for this. Besides, it will indeed take up a lot of your time for something that you are pretty knowledgeable about. Better dedicate time to studying the lessons too so that you will gain the respect of your students.
Buy and Sell Stuff
There are many suppliers where you can get certain stuff at cheap prices especially if you buy in bulk. After that, you can sell the stuff on social media to your friends. Of course, you would need to make sure that the price would not be more expensive than the ones at online retail stores. Otherwise, there won’t be any point in buying from you anytime soon. There is actually no need to focus on a category of stuff. You can just put your attention towards a range of products that would net you a good source of income. After all, that is what you must be after and the items should not last long with you unless you have someplace where you can put these things. There is no doubt you will spend a lot for this side hustle. Thus, better to find out right away if your income would be bigger than the money you spent for it. Since this is basically a business, you must have a business plan that will work the way you wanted it to. It is not that easy to make a business plan as you must have some sort of backup for everything that may actually happen.
It is one of those side hustles that are pretty much in demand. You can bet all companies would need a graphic designer every now and then to make their posters and logos. Of course, some of them would not really need a full-time one so they would not mind paying for a part-time gig. When that happens, you can be sure that the investment you made in learning graphic design would be worth it. In fact, if you are a fast learner, you can make dozens of work in a short amount of time and that would also mean more income for you. Doing this would actually bring out the creativity in you so you would want to make sure you are doing it right away. it won’t be long before word of mouth would get around and your number of clients would significantly increase in a short period of time. Customer satisfaction is what you should be while making these things. After all, when your customers like what they see then there is no doubt they would refer you to their friends, and business would be great in no time.
Now that you know some side hustles that you may be interested in, you should really focus on knowing if these side hustles are in your blood or not. After all, you would want to feel the enjoyment of doing them and not something that you would do just for the money. If that is the case then it will probably not last long even if the pay is high. There is no doubt you are going to be your own boss when you do these things. You can’t even blame yourself if you would end up switching to it full-time when the opportunity presents itself in the future.
There are just too many reasons to get a side hustle nowadays. From saving enough money to buy a luxury car to paying the monthly bills, you have enough reasons to go out and see which jobs would fit your qualifications. Those are motivations for you to realize the income you are earning from your day job is not really enough to compensate for the things that you want in life. We only live once so we must do everything in our power to make the most out of it. Here are 4 side hustles that you can do anywhere you would like as long as you possess a portable device that can be connected to the Internet:
If you are used to planning events, you would not even have to devote much time to this side hustle. You are going to think if you love doing this and see if you can do it full-time in the future. Of course, you don’t have to quit your day job right now. You need to know deep inside you if this is something you love to do. You could have started as a mother to organize small events at home like a family dinner with relatives. We all know how we must start small and go up from there. You can just read a few pieces about this side hustle and you should be good to go. It is quite obvious word of mouth will go around regarding how good you are. Thus, better do good in the events that you plan for the future. You can’t blame yourself if you feel a bit of pressure when we are quite near the event itself. You will need to make sure that everything will go according to plan. There can be a few things that could possibly go wrong and you must have a backup plan for all of those things. Of course, that would really depend on what the event is so each type of event would have its own risks.
Translate for Others
Before deciding to translate for other people, you must look at your job and see if there is anything preventing you from doing this. That would really depend on the rules and regulations of your company. The last thing you would want to do is to get fired for something you did not know about. It would be in your right mind to know if what you are doing at the office is related to your side hustle. It is possible it can be something that could actually be helping out possible competitors and you may not even know it. In order to be sure, you can just ask the Human Resource office of your company but don’t tell that person that you are going to do it. Just tell the officer that one of your colleagues asked you about it then you can invent a name if the person asked the identity of the person. If you know more than one language then consider that advantage and use it to gain some income. The translation can be orally or written. It can be translating an article or even a video. If it’s a video then you must be a good listener since some people talk a bit too fast and they could be intentionally doing it.
You can do fitness training anywhere you are because you are not the one doing the exercises. You are just going to dictate what your client will do and sometimes demonstrate it. Of course, you would need some qualifications for this. It is important to be certified to be able to train other people and give them exercise programs. That will definitely take up a lot of your time but it will be worth it when you finally get the opportunity to teach people the right way to do certain exercises. It is evident the fitness trainer won’t be sweating in this situation. The only time fitness trainers will sweat is in group sessions but this is one on one so you just need to be shouting motivations to the client in order to accomplish the fitness goal. Yes, there should be a goal from the start so both you and the client would be motivated to accomplish that goal in a short amount of time.
Manage Social Media Accounts
It is indeed possible that you would be curious about handling social media accounts for businesses after finding joy in handling your own. Hence, you can actually try this side hustle and see if you actually enjoy doing it while earning a good income at the same time. Plenty of companies has many things to mind each day so they would rather let other people manage their social media accounts which would be good news for mothers. This job is a lot harder than it sounds because you would need to post on social media accounts regularly and respond to all the queries. Some of them could be negative and it could be some sort of misunderstanding on their part so you must be fast in correcting them in order to protect the reputation of the company that you are working for.
It is great how all the above side hustles can let you do them no matter where you actually are. The only thing stopping you from doing these things out of the blue would be the schedule. If there is a certain schedule for you to do them then that is the schedule you should follow. While getting into these side hustles, it would be important to keep an open mind because you never really know who you would meet. You can meet colleagues there with who you would be able to work again or even start a business within the near future. Thus, you should talk to all the people you meet and see what you can get out of them.
5 Questions to Help You Settle on the Right Side Hustle
The advancement of time and technology has introduced a new economy concept, often known as the ‘gig economy. Essentially, this involves workers taking up side hustles in addition to their full-time jobs. Most Americans are taking up gigs and side-hustles to make extra income for different financial reasons, such as debt payment, investments, and savings.
Additionally, a few experts believe that side hustles can help individuals test out other areas of interest. This can help you decide if you want to make a full-time career switch without losing your main income source.
There are several benefits attached to side hustles. Through side gigs, you can meet and connect with other individuals who may open up doors of opportunities for greener pastures. In addition, the skill you gain through side gigs may be beneficial to your current employer. More importantly, side hustles
Currently, there are many side hustle opportunities to be tried. Unfortunately, side hustles are not for everyone, even though the idea of making extra cash is highly appealing. Even with the abundance of side hustle opportunities, you need to ensure you are going the right thing. Regardless, here are a few important questions to help you identify the right side hustle.
1. What is Your Motivation?
The majority of people are often motivated by their financial status. Others genuinely want to gain additional skills or even start a business and later grow into it full-time.
Generally, if you are motivated by the need to make money, you may need a fast side hustle, for example, a weekend gig. You can also choose to sell second-hand electronics for fast money, among other quick-money side hustles. On the other hand, if you are generally motivated to have a long-term side hustle, you can choose to start a business or a blog.
You can also be motivated by the need to fulfill different needs for different people. As such, you can direct your efforts to fulfill whichever need you deem fit. Regardless of how long it takes to get money, you will have the satisfaction of doing something you love at your convenience.
Even though the standard considerations like earning potential and viability should be your primary basis or motivation for choosing a side hustle, you should not over a secondary factor, known as dual purpose. Your side gig should have more than the only goal of making money.
2. How Much Time Can You Dedicate to Your Side Gig?
A typical side hustle is less demanding and is very manageable. However, some side hustles may require you to invest plenty of time to manage and run them. If you have a day job that is moderate to highly demanding, you may want to pace yourself.
Factors to consider here include any personal obligations, work obligations, and how long it takes for you to commute from work daily. You can then choose a side hustle that will fit your schedule without overwhelming you.
In addition, some side hustles, such as teaching martial arts, may require additional training and certifications. Take your time to consider if you have the money and time to invest in these certifications before starting.
3. Does Your Day Job restrict you?
Depending on the employer, an employment contract may restrict you from taking up a side hustle/part-time job. This is common if you take up a part-time hustle in your employer’s industry. For example, if you work as an attorney in a law firm, you may not be allowed to provide legal advice to outside clients since this is considered competing with your employer.
Therefore, if you are restricted from taking up side hustles outside of your office or employer’s industry, you may consider taking up additional tasks at your day job. This is also a viable option if you are chasing career development. While you may not earn extra money, the additional projects may gain you a competitive advantage and increase your earnings later.
4. Do You Want the Freedom to Work Anywhere?
Side hustles can be either fixed or done remotely. Remote side hustles (location-independent work) such as graphic /web designing, coding, writing, or photo editing can be done anywhere, making them the ideal, most preferred side hustles.
However, location-independent side hustles have currently flooded the market. You can opt for location-dependent/ fixed side hustles such as teaching music lessons, martial arts, personal fitness training, and businesses. There is an increased demand for location-dependent side hustles.
5. Do you Like Scheduled or Non-Scheduled Side Hustle?
Scheduled side hustles, such as weekly martial arts training, are ideal for people who prefer a structured work schedule and predictable payments. On the other hand, non-scheduled work is preferable since you can do it whenever you have time and energy.
You can have a side hustle during the evening and an equally balanced day job. Choose your side hustle depending on your preference and the ability to squeeze it into your schedule without hassle effortlessly.
Side hustles are perfect for several reasons. For starters, they help you make an extra income aside from your day job. Side hustles also help you gain additional practical skills that increase opportunities.
However, not all side hustles are meant for everyone. Before jumping into a side hustle, you need to consider key factors such as time availability, your schedule, and personal obligations, among other factors. These factors should comfortably push into a certain decision and direction.
More importantly, you need to stick to it once you decide, especially if you opt for a long-term side hustle. It takes courage to make significant life changes, as well as perseverance and persistence.
If you are stuck in your daily job and still longing for change, only taking action will create change in your life. But, more importantly, if you do nothing different tomorrow than you did today, expect nothing to change.
With the abundance of side gigs in the market currently, it can be hard to choose the right one. However, the above questions will help you decide the most applicable and right side hustle for you. It might also help to ask for advice from experts and people already taking up side hustles to get a first-hand experience of starting and managing side hustles.
16 Questions To Ask Yourself Before You Pursue A Side Hustle
In today’s digital age, most people consider taking a side hustle in addition to their 9-5 job. It’s an opportunity to pursue your passions, learn new skills, and of course, make a few bucks.
While the idea of earning money on the side may sound appealing to many of us, it could take time to achieve the desired results. To help you decide whether you should take a side hustle, there are a few things to consider. Here are 16 questions to ask yourself before you start as recommended by Forbes Coaches Council Members.
1. Will it help to build your career and harness your skills?
Some side hustles can hone your entrepreneurial skills and keep you motivated to pursue your daytime job. If you need a few dollars to cater for your holiday expenses, your side hustle should have a short-term proposition.
2. How will my employer feel?
Once your side hustle picks up, you may be tempted to share on social media platforms. How will your employer feel when he sees your side gig and takes notes? If you’re not sure how your boss will react, be careful what you say. Again, you should not feel obliged to disclose your side hustle. If he happens to find out, you should come up with an explanation that won’t compromise your regular job/home-based business.
3. Will I deliver an exceptional customer experience?
A side hustle is about solving other people’s problems. Do you have the capacity to make it work? If you can deliver the best customer experience, it’s just a matter of time before the side hustle becomes your main gig.
By listening carefully to customers and providing feedback, you improve your communication skills. This is what will take your business to the next level.
4. What is your interest besides earning money?
When you decide to have a side hustle, the first thing that comes to your mind is earning potential. At times, your side hustle could have more than one goal. Is it a business you like to pursue full time? You don’t just sacrifice time and effort because you’re bored. If you want to achieve other things, you should pursue your hustle wisely/home-based business.
5. Will your intellectual property be safe?
If you sell products or services, you should take the time to protect your intellectual property. What will happen if you work on your side hustle using the resources of your employer? What if the boss can see your IP address? Well, you’re putting your main job at risk. With this in mind, you should focus on gigs that won’t affect your main hustle.
6. Do you have the time and energy to pursue the side hustle?
Does your 9-5 job allow you to do something else on the side? Generally, a side hustle may take a lot of time in the beginning. This is how you build the foundation of a business. Is there a market for the product or service? Do you enjoy the gig? Do you have the right people to sell a product or service? Be sure to evaluate each of these questions independently.
7. Are the goals realistic?
Your goals should be based on the amount of effort and energy you put in. If you don’t want your side hustle to affect your main gig, the goals must be measurable and realistic.
8. Will the side hustle create a conflict of interest?
If you want to enjoy working on your side hustle, you should ensure there’s no conflict of interest on your main job. A general rule of thumb is to look for a gig that doesn’t compromise your income.
9. Will the income outweigh the costs?
Before you take a side a side hustle, you ought to add your expenses. If your gig is driving for a rideshare company, your monthly costs include maintenance, insurance, gas, etc.
10. Does the side hustle light you up?
Do you enjoy working on your side hustle? While money can make your gig worth the effort, is it something you like doing?
11. Will it help you achieve the primary goals?
Let’s face it: side hustles require time and resources. That’s why you should analyze your plan before you start the journey. Be sensitive about how you allocate time to the main hustle and the new venture. Then, evaluate whether they compromise your initial goals. If your gig can turn into a money-making machine, does it align with your passions?
12. Is there a feeling of happiness on your side hustle?
Did you know that your feelings dominate your side hustle? You don’t want to take a gig that can lead to burnout. Are you ready to take diverse roles? If there’s a feeling of joy, then you welcome more money.
13. Does the side gig align with your passions and abilities?
Working on your 9 to 5 job can make you feel like your creativity is constrained. But running a side gig allows you to pursue your passions. Perhaps the best approach is to create a list of the things you like doing and compare them with your natural abilities. What are your hobbies? Since a side hustle takes the spare time in your calendar, make sure it’s something you enjoy.
14. Do you have a solid business plan?
If you want to start a side hustle, a business plan is one of the key tools to determine your success. It must be realistic and time-bound. This will help you focus on key things to build a solid business. You must include your goals, budget, and expectations. Don’t forget to incorporate the risks associated with your side gig.
15. Are you truly entrepreneurial?
An aspiring entrepreneur will enjoy running a side business and still manage to keep the main job. If you don’t have the entrepreneurial spirit, you’ll have challenges juggling between the two. If you’re struggling with time management, a side gig will frustrate you.
16. Is this what you want to pursue?
There are lots of things to consider on your side hustle like time, resources, and support. You don’t want to lose sight of what you want. But again, you must set clear expectations. The approach you take will depend on whether you’re looking for active or passive income. A good side hustle should be something you enjoy doing, and you’re willing to put in the work.
There you have it. You can only change your life if you take action now. If you don’t do something different tomorrow than you did today, don’t expect any change. It takes persistence and perseverance to change your life.
Side Gig Rules and Attributes for the Perfect Side Hustle
Does the perfect side hustle exist? If so, rest assured it comes with expectations and rules. Every side hustler has their own set of unique goals and limitations for engaging in a side gig. This is because everyone has varying personal and professional obligations as well as commitments.
When choosing a side hustle, you need to create an alignment between your side hustle and your day job and personal obligations, such as making time for family. Therefore, you need to develop a list of attributes of your side hustle, or rather your expectations of the side gig.
Create a list of things you can and cannot do with your side hustle to maintain an alignment. Below are some side gig rules and attributes you need to keep in mind to maintain your side hustle.
Side Hustle Attributes
- The ability to work remotely (from home or anywhere you desire)
- The ability to set your schedule (work whenever you want and as much as you want)
- The ability to decide and set your meetings, venues, and attendees
- The ability to care for your parents’ health and wellbeing
- Being able to work in transit (while traveling)
- Being able to work while on vacation
- The ability to work while visiting your friends and family
- The ability to work with people you prefer and choose
- Create an income source that can comfortably sustain your lifestyle and needs for years ahead
- Create an income source that is less stressful and less demanding
- Create an income source that can cater to your kids and grandkids’ school fees and wellbeing
- The side hustle should be able to buy you a car one day
- The side hustle should be able to buy you a house and furnish it someday
- The side hustle should comfortably be able to replace your main job full-time.
Every aspiring side hustler has one or more of the above attributes on their list. However, not all these goals and expectations are going to be achievable. The above side hustle attributes are typically primary attributes. Secondary attributes refine these primary attributes, allowing you to choose the perfect type of side gig you want to do.
Rules for Side Gig Success
1. Create A Work-Life Alignment
Some people don’t believe in a work-life balance since it tends to compartmentalize different aspects of life, preventing you from enjoying a fulfilling and meaningful life. Therefore, it is advisable to explore why you are doing your side hustle and how it supports your life and career goals and objectives. In addition, look for ways to leverage your time to support areas you cannot manage independently.
2. Always Give your Best in your Full-time Hustle
Side hustles are fun and sometimes distracting. Unfortunately, most people often make the mistake of giving their side hustles too much thought and attention, even during their full-time jobs.
This is plain wrong, unethical, and often employers tend to notice. Unfortunately, regardless of how big your side hustle dreams are, they are not worth losing your full-time job until you are ready to quit. Ensure you don’t raise any concerns about your performance and dedication in your full-time venture.
3. Set and Manage Your Priorities
If you are juggling different paths simultaneously, you must focus on one at a time. Often, multitasking is a highly unproductive way to do business and live life. Therefore, focusing on your side gig when at the appropriate time can help you increase productivity in that area.
4. Choose A Side Gig that you Love
When settling for a side gig, it is imperative to go for that which brings you energy and engages your natural strength. Therefore, settle for a side hustle that you naturally enjoy doing. As yourself what works best for you. Additionally, ask yourself how you can accomplish what you love and what you have to do. That way, you can avoid regretting not choosing a less attractive side gig.
5. Invest wisely on your Side Gig
A side hustle is just like any other job, which requires monetary investment. However, if you want your side gig to grow, you need to regulate your spending on the hustle. Generally, experts advise not spending money that customers won’t see.
For your side hustle, ensure you spend the money you have on where it makes a real difference to your clients. Without clients, you don’t have a side hustle. In addition, you may also want to spend money on actual efficiency; for example, you may need to avoid spending on more supplies before you have actual demand.
6. Dream Big and Focus Small
Most side hustles have big dreams of landing big deals and high-ticket clients. Unfortunately, those who start their side hustles by focusing fully on these high-ticket clients tend to lose focus on the small clients who are in bulk. Focusing on small milestones can help your side hustle grow and eventually notice the high-paying clients.
7. Do not Quit your Full-time Job First
One of the mistakes that beginning side hustlers make is quitting their full-time jobs at the first sign of a successful side hustle. Unfortunately, a side hustle is almost as volatile as a risky business and is prone to failure without proper grounds. Therefore, if you are starting your side hustle, maintain your primary job until you decide to quit without losing an important source of income.
Side hustles are important in the current economy. Most Americans engaging in side gigs are willing to drop their main hustles to take their side hustles to full-time. However, for a side hustle to be successful, there need to be set rules and expectations that help you choose the right side hustle and ensure you manage it accordingly.
Once you start your side hustle, you will need to take on courage, perseverance, and persistence to get your gig up and running. After all, only by taking action will you notice a positive change in your life. Take your time to define the perfect side hustle before going all in. Most importantly, ensure you have realistic expectations and attributes about your desired side hustle.
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