If you’re considering launching a new business, you’re probably already imagining quitting your job and risking it all. Let me be frank with you. While there are tons of success stories out there of people who went “all in” and came out on top, this is not the norm.
Whether you are looking to quit your day job, become debt free, or just add a little extra money to your budget, a side hustle can help you get there. I currently work more than four side hustles, in addition to my full-time job. A side hustle can be something as big as a side business such as a blog, freelancing, selling crafts or furniture, to something small as taking surveys, reviewing products, or mystery shopping. If you are new to the side hustle world, I am going to show you how to successfully start your first side hustle today!
How to Start Your First Side Hustle Today
Determine what your side hustle will be
The first step to creating a successful side hustle is deciding what that side hustle will be. Make a list of 5-10 things you are good at or enjoy doing.
Here is my list:
- Reading Books
- Playing with, and pestering, Midnight
Now that you’ve made your list, it’s time to evaluate whether anything on that list could potentially earn you some extra cash. In my example, all of those things could potentially be used to create my side hustle.
Reading books- There are a number of sites out there that pay you to read and review their books. Check out this article from Money Pantry for 20 sites that pay you to read.
Writing– There are thousands of jobs out there for writers, some of which I am currently doing, such as freelance writing, ghost writing, staff writing for bloggers and magazines, etc.
Couponing– It always amazes me how many people don’t shop with coupons, or don’t know how to use them. If you are savvy with coupons, consider hosting a weekly coupon class for a small fee.
Baking-For those of you who are good at baking, you could sell your baked goods, or even start a cake decorating business out of your home.
Spending time with my cat– Many people, especially dog owners, are always on the lookout for a good pet sitter. Tell people you know about your services, and post in online groups as well as on care.com
I cannot stress enough how important it is to start small. My very first side hustle started by just writing a few extra articles a month, and now I write more than 10 a month. You want to start slow to find out how much you can realistically take on, and ensure that you don’t burn out too quickly.
Add more side hustles later
After you’ve gotten the hang of one side hustle, you can now start to add on another. Go through the same steps as before to determine what side hustle would be a good fit for you, and then start small and gradually work your way up. Make sure you find balance between your side hustles, and make sure it doesn’t impact your full-time job. Know what your limits are and when to slow down, or even let go of, your side hustle.
Side hustles are a great way to earn extra money and work toward achieving your financial goals. If you don’t have a lot of time to dedicate to a side hustle, that’s okay! Starting a side hustle can be as simple as taking surveys in your spare time, or even watching videos while you’re making dinner. Side hustles can be a great way to supplement your income, or even fund your business goals.
Have you started a side hustle yet? What is your side hustle?