If you’re looking to supplement your income most likely you’ve Googled or searched side hustles. If not, on every social media platform you are bombarded with people telling you how to make a $1000 a day. Side hustles have become vital avenues for those who are seeking financial independence, an additional stream of income, or to diversify their career. However, there are many things to know before starting immediately as most influencers will tell you.
As someone who started their own blog, has been an Upwork freelancer, Poshmark seller, and freelance writer for other publications I’ve learned many lessons along the way. FINDING BALANCE IN LIFE: CAN YOU REALLY HAVE IT?
- Do your research. Whether you’re selling items, blogging, freelancing, or pet sitting, you need to spend time researching. One of the best tricks I do is read reviews and comments that aren’t highly regarded. For example, I’ll watch a negative review about Poshmark before I watch or read 10 articles of someone gloating about it. Things such as your username, thumb nail pic, photo, when you list or post, how you market yourself, the day and time you publish and the list goes on and on is vital to your success.
- Know Your Legal Risks. In every side hustle, there are legal risks. For example, if you do affiliate marketing there are legal risks for photos used and how you share links. As wells as the proper way to disclose the advert. Another example is if you are a pet sitter, and someone gets hurt on your watch you could be responsible for medical bills. Or if you are a ride share driver and get into an accident you could be liable for damages.
- Side Hustles Are A Real Business. So often you hear people say my hobby turned into a business. That’s true. You have to be passionate about your side hustle. However, it’s a real business that requires a great deal of planning. Most people will tell you to start today. Well, what’s your business plan? What are your expenses? Who is the customer, client, or target audience? What problem are you solving? If these questions aren’t thought out and answered you’ll find yourself blowing with the wind, losing money and motivation.
- You have to be tech savvy. Especially starting off and not wanting to spend or outsource on technology . You have to be your own marketing guru, troubleshooting tech, creative director, and so forth. Also technology is your best friend as it will give you the tools needed to stay organized and free some time up. Using automation, calendars, and apps to help propel your business. For example, there is an automation for me to share my listings instead of doing them myself. Automation for social media marketing frees up so much time. Use your tech wisely.
- Time management is key. You’ll often hear people say work your 9-5 and then spend 5-9 working your side hustle. Well everyone can’t do that. Growing any side hustle takes time, effort, and patience. You’ll want to create a schedule that’s realistic for you and your lifestyle. Knowing over time it may have to adjust or change. Going head first and giving up everything can result into burn out and other areas in your life lacking. However, if you just wing it and pour sprinkles into it you’ll get out of it what you put in.
- Side Hustles can take you down a bumpy road. Once starting your business know that circumstances out of your control will affect you. Always be in learning mode. Willing to expand your business model. And never give up. There will be times you question everything. But remember your why.
Side hustles are a great way to diversify your income, add extra money to your savings, and help you fulfill your dreams of being a business owner. As you begin it’s important to stay focused, informed, and be adaptable. You can avoid some common pitfalls by understanding the intricacies of legal requirements, time management, demand, and the market. All it takes is one step at a time. Good luck!!!!!!!
RosalynLynn
Be you so you can be free.