Who doesn’t want to earn some extra money? Adding a little extra to your bottom line every month feels great, but actually finding your perfect side gig takes some work and takes some hustling. However, if you stick with it and you are inspired, motivated and determined, the money will come. The money may not come pouring in like some promotional side gigs make you think, but it will come if you put in some effort. And when you put in the effort it will most definitely add some extra cushion or savings to your bottom line every month. Who doesn’t love that?!?!
Find what you’re good at.
Identify your skills. Take some time to write down what your good at. Identify hobbies, like playing an instrument, dancing, or even kickboxing. Take a look at things you can do that most people can’t like speaking in public, negotiating, or knowing another language. Then, focus on the ones that you are truly good at and the ones you love. This will narrow down the list allowing you to focus on your true passions.
Choose your passion to pursue. Think about the things on your list that make you happy. Now think about the things your community needs and find a way to put your skills to work. A good site to check out is Nextdoor, which is a community social network for your neighborhood. I’ve noticed people on there often asking if they know anyone that provides certain services (landscaping, housework, pet sitting), as well as people offering those services. If these are things you are good at and someone has an interest in hiring for that service, you can make money at it.
Remember, you can make money doing almost anything, even watching TV or videos online, although you might not make much money doing either of those, so if you can’t find something immediately try looking harder.
Figure out what you can earn. Unfortunately, there may be some things that you love to do, but you can’t make much money at. However, there are a lot of ways to make decent money. You can research the salaries for your particular field on Glassdoor to get a better idea of what you should be making. Once you know a standard rate, you have a better idea if this is something you want to pursue or not. Keep in mind, sometimes it takes awhile to build up to the average rate when you’re new, but once you develop your skills and reputation in your field, you can far surpass the average earning potential.
Just Do It!
After you’ve done some research on your passion and earning potential, you need to make it happen! Side gigs have almost unlimited earning potential.
Sell your skills. Think about the best way to sell your product or skills, whether it’s an ecommerce website, a Facebook page or just good old fashioned word of mouth. Then create your network, ask your friends and acquaintances for help in reaching other people. You might get some customers from people you know, but you can’t count on that. It’s better to enlist help in promoting your product or introducing you to key people in the industry.
Plan, schedule and prepare. Make sure you set up schedule for yourself that is realistic to help you stick to it. If you’re not a morning person, don’t make a plan to work before your day job. Involve your family if needed to make arrangements with picking up the kids and trading off household chores like cooking, laundry, and cleaning.
Track your earnings and expenses. You’ll need to not only track this information for income tax purposes, but also to make sure you are actually making money.
Which is the whole purposes of having a side gig after all, right?) One way to track your business expenses is to open a separate checking account and credit card that is used specifically for your side gig’s expenses. It will make it easier to track everything in one place, especially for the majority of people that hate that part of the process. You can check out my post on tracking your expenses to help start the process.
So there you have it. Side hustles can take a lot of hustle. They require you to dedicate time and energy to understanding what you want to do and finding your passion. If you are truly passionate about your side gig, your motivation will easily follow. Stick with it, and the money will come.
Having a side gig is just one way of earning more money. You can always find new ways of earning a little more money, you just need to have the motivation, inspiration and determination to start and keep going. Remember, having a little extra money every month enables you to save more, invest more and become financially independent sooner.