Want to learn the ways to make money on the side? Not ready to jump ships and quit your job to start a business yet? Fret not, there's a way. You need a side hustle.
And in this post, I'm going to cover things you need to start a profitable side hustle so, you can make money on the side.
Let's start with how to choose the right side hustle for you.
How to choose the right side hustle for you?
If you do a Google search right now for the best money-making side hustles, you’ll find articles that feature a few hundred different ideas.
These posts are literally a minefield of ideas, but how does that relate to you?
How do you know which side hustle is going to be good for you?
In this article, I’m going to answer this important question so you can be on your way to earning your first dollars from your side hustle!
So, the first thing you need to do is to make a list of the things you’re passionate about.
This includes your hobbies (yes, you can make some money by doing your hobbies!), skills and your interests.
However, there’s more to it than just following your passion, you do need an audience that has a burning problem about the things you are passionate about. (I’ll share a detailed post about in the future.
Starting with hobbies is always a good idea because it means you can do these tasks without getting bored.
Skills are also a good thing to include on the list because it’s something you know you can do easily. If you’ve got dancing skills, then you can think of ways to make some money off of dancing!
Lastly, listing down your interests will help you further narrow down the things you want to do.
Ideally, what you want to do is to choose a side hustle that you’re passionate about (preferably a hobby), is relatively easy for you to do, and is something you’re deeply interested in.
Keeping yourself motivated while doing your side hustle is important because you’re basically working solo.
If you let your motivation slide, then you’re going to fail at your side hustle. So, right from the get-go, it’s best to choose something you’re going to like doing for a long, long time.
Many people have turned their side hustles into full-time careers and businesses. I’ll share case studies in the future.
But it most probably took them years. It took a lot of hard work and dedication. They also learned from their failures and mistakes.
Succeeding at your side hustle and finding ways to make money on the side will mean developing an entrepreneur mindset.
This means not being easily discouraged, and the ability to think outside the box.
Entrepreneurs think big and they focus on their long-term vision. They don’t sweat the small stuff.
If you want to turn your side hustle into a successful business venture someday, then focus on that goal.
Do everything within your power to ensure your dreams come to fruition. There’s no better validation that you chose the right side hustle than by actually succeeding at it!
Now, that we have a basic understanding of how you should pick your side hustle, let's look at how you can turn your passion into profit.
Passion To Profit - 5 Hobbies You Can Turn Into A Side Hustle
Wouldn’t it be great if you can make money off of your hobbies? You’d be doing something you love and earning money on the side, too! In this article, I’m going to show you 6 popular hobbies that you can easily turn into a side hustle.
If you love writing, then you’ve got quite a few side hustling options to consider. You can start a blog, you can do freelance writing (copywriting pays pretty well!), you can even write eBooks. You can even commission poems and sell these for a nice profit.
If you’re more into art and drawing, and you basically have a good eye for design, then you can sell your designs at various marketplaces online. You can design t-shirts and sell it on social media. You can have people pay you to create logos, social media graphics, icons, infographics and various artwork.
If you love photography, then you can sell your photos to stock photo websites. You can also work as a wedding photographer on your days off. You can have people pay you to take high-quality pictures of their products, houses, etc.
Some people are born with two left feet. If you’re not one of them and you love dancing, then you can use your spare time to teach people how to dance! If you’re really good, you can join plays and musicals, and even get small roles on TV!
If you love making any kind of craft, like crocheting, needlework, sewing, candle making, etc. then know that you can make loads of money with it! The more intricate the design, the higher the price you’ll usually fetch.
You just need to know where to find your target audience. Often, you’ll find them at places like Etsy, but you can also reach them on Facebook and Instagram.
Now that you understood how you can turn passion into a profitable side hustle to make money on the side, let's look at some of the side hustle ideas that'll help you generate cash every month.
Top 7 Online Side Hustle Ideas To Generate Extra Cash Every Month
Making an extra $500 to $1000 a month may seem impossible right now. But in this section, I’m going to show you different online side hustle ideas that have the potential to make you good money on ths side. Let’s begin!
You may not see an immediate ROI or return on investment on blogging, but the good thing is it’s pretty much passive income when you start getting some traction. The sky’s pretty much the limit when you think of the income you’ll get when your blog gets a good amount of traffic from search engines and social media! Learn how to start a profitable blog fast
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2. Affiliate marketing
You can promote your affiliate links on your blog or your social media accounts. Just make sure you promote something that’s going to actually add value to your followers.
3. Video marketing
You can promote sponsored products via video marketing. You can do video reviews and tutorials on YouTube and monetize it with ads and affiliate links!
4. Social media influencer
When you’ve got a considerable following on social media, and you get pretty good engagement rates on your content, then you’re technically a social media influencer. You can easily command premium rates from brands who want to do business with you.
5. Social media manager
Not all businesses know what to do with their social media accounts. As a social media manager, you have the opportunity to make a significant impact on businesses. The great thing is you can have many different clients at the same time because it’s relatively easy to automate social media activity!
6. Sell information products
Selling eCourses and eBooks are very popular nowadays. It’s relatively easy to create content like these, and it’s easier to just outsource it to freelancers who can write faster and better than you.
7. Freelance work
If you’re interested in freelancing online - like writing, designing, building apps and websites, etc. – then you should check out sites like Upwork and Freelancer . Note, however, these are global marketplaces.
So, you’ll have people from all over the world competing on price and skill. If you want to set yourself apart from the competition and you’re extremely confident in your skills, then don’t be afraid to bid rates you know you deserve!
I know what you are thinking. You are wondering how on earth will I be able to manage a side business with a full-time day job.
I am going to share some tips that'll help you manage your side business with your day job to make money on the side.
4 Tricks To Manage Your Day Job And Your Side Hustle
In this article, you’re going to learn how you can easily juggle your day job along with your side hustle. Here are my top tips:
1. Have a solid plan in place
Even the best-laid plans can go awry. How much more if you don’t plan at all? You’re going to find it extremely hard to succeed!
For best results, you should ideally have a short-term goal and a long-term goal. For your short-term goals, you can plan out your week or your month.
Then for long-term goals, think about where you want your side hustle to be in 3 years or 5 years. Do you think you’ll be leaving your job by then? If yes, then make it into one of your long-term goals.
For every milestone, you achieve, reward yourself.
After all, it’s not easy working on a side business when you’ve got a full-time day job, too!
2. It’s all about time management
Let’s face it – having a side hustle along with a full-time job may leave you bone-tired at the end of the day.
But if you’re looking to make both jobs work, then know that it’s very much possible. You just need to know how to manage your time.
For example, if you work from 9 am to 5 pm, you can factor in time before or after your shift to work on your side hustle. Say, you can work from 5:30 pm to 10:30 pm on your side job.
And then on weekends, you can work on your side business the whole day if you like.
3. Learn to make sacrifices
Whether you like it or not, you will be making sacrifices. You may need to cut down on some of your favourite things to do on your days off.
Previously, your weekends may have been dedicated to Netflix-binges or partying with friends.
While you don’t need to transform into a total bore, you may need to seriously cut back on the fun stuff, and you know, focus on adulting and working on your side hustle!
4. Save your additional income
You’re free to do whatever you want with your extra money. However, if you want to feel like you’re actually doing something good with your life, then it’s best to save up income from your side hustle.
You can also look into making your money work for you by investing in a variety of financial instruments like stocks and bonds.
Hope this post helped you learn how to start a side business that'll provide ways to make money on the side. Let me know what you think in the comments below.
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