Maybe you have some gaps to fill in your household income, or maybe you just want to save more money each month. A side hustle can fill in those gaps in household income, helping you to breathe easier when it's time to pay your bills. Here's how to create a side hustle that will bring in some much-needed cash:
Consider Your Strengths to Create a Side Hustle
The best place to start when you want to create a side hustle is with your strengths. Sit down for an hour and list every strength that you have. Some of these strengths might have an obvious application to a potential side job... and other strengths might require more creativity to extend to a side hustle. Yet it's likely that most of your personal and professional strengths can be useful in some capacity.
Consider, for example, if one of your strengths is "having great conversations." How can you use those conversational skills in a side hustle? Perhaps you can find a part-time gig that utilizes this skill, such as bartending high-end parties or providing customer service on an itinerant basis.
Or what if one of your strengths is "being highly organized?" How can you utilize this skill in a side job? Perhaps you can start a gig organizing other people's closets, or serving as someone's part-time personal assistant.
If you want to create a side hustle that’s profitable, you need to utilize your strengths. Consider your side job as a way of turning your natural strengths into cash.
Know That You are Becoming Your Own Business
When you create a side hustle, it's likely that you won't be an employee of someone else. You will be your own employer.
Even if you are getting money from a large corporation or entity, you will likely be on a "contract" basis - and the large corporation will be in a contract with you... the "business."
With starting your own business comes some extra responsibilities. Depending on where you live, you might need to secure an occupational permit to work out of your home. It's important to check with your local municipality, county, or district to determine the regulations. You don't want to be ignorant of the rules and be penalized later.
Additionally, you might want to consult with some professionals, such as a tax attorney or CPA, about the pros and cons of adding an "LLC" to your business name. It's possible that you might just stay as the "sole proprietor" of your business, but a professional might advise you to apply for an LLC, or similar, once you start your side hustle business.
Use Your Network
When you start your side job, it's likely that you'll be looking for customers or clients. The best way to build up a customer base is through word of mouth. Ask friends or family to spread the word about your side hustle.
Some of your services might be highly in-demand, depending on the season. For example, if your side hustle is mowing lawns, you might find yourself very busy starting in the summertime if your neighbors know that you're available. You can even offer a discount code for referrals, encouraging customers to refer to other people.
Have Fun with Your Side Hustle
After you create a side hustle for yourself, you'll be doing extra work on top of your day job. If you're able to convert a pre-existing hobby of yours into a side hustle, it's likely that you'll have more energy to continue with the side job.
For example, if you're already an avid photographer, consider turning your side hustle into family or event photography. Or, if you make your own jewelry for fun, consider selling some of that jewelry at craft fairs.
Have fun with your side hustle, and you might find a way to turn your passions into a solution for your growing pile of bills.