🌳 How To Start a Side Hustle

QUOTE OF THE DAY

HOW TO START A SIDE-HUSTLE

385 Words | 1 Min 24 Sec Read

Starting a side hustle is something that’s been floating around social media for years now, It’s the idea of doing something that gives you income alongside what you’re already doing, whether you’re in education, working a job or pursuing something already but want the extra income, It’s a foolproof method to not over-commit to something that may not work out.

So how the hell do you start a side hustle?

There is no playbook but there are a few things to remember when starting out, the first being that there is no ‘golden business model’. Despite what you may see or hear from others, no one business will change your life because it is so much better than the rest. The truth is however that most of them, if not all of them work and the deciding factor is that some have better attributes than others that will benefit you more long term.

For example, Amazon FBA and SMIP both work, they are both legitimate ways to make income online however with one of them you have to buy and sell products and the other build and sell services which begs the question; Which one suits you more?

Here’s a video to watch that goes over the attributes of good business models

What NOT to do

When starting a side hustle, the most common mistake people make is trying to go ‘full time’ way too soon. They will see a spark of success and assume that it’s a sign to drop everything and go full speed ahead with that business.

Now there is a catch-22 to it as you have to take an element of risk when no one else thinks it’s smart to, but you also can’t put all of your eggs in one basket, therefore, finding that sweet spot is crucial.

How to scale

The goal of scaling a side hustle is to get it to the point where it becomes a full-time hustle and in order to do that you have to slowly decrease the thing that is making it a side hustle and increase the time you put into the hustle itself.

Most importantly, you have to treat it like a full-time hustle, you have to have the mindset that it is your full-time gig and it will stay that way.

ACTIONABLE NEXT STEPS:

So where do you go from here?

Education. Dedicate 10 hours to non-stop education because as ridiculous as it seems, it’s most definitely needed.

From there don’t be afraid to take action, and don’t get stuck in the procrastination trap not feeling ready enough to take the next step.

TAKEAWAYS:

Starting a side hustle is not as big of a leap as you think it may be, all it takes is education and implementation.

BOOK OF THE WEEK ⤵️

The book of the week is ‘Good vibes good life’ by Vex King. Now as cringy as this book may sound (admittedly, it does) It’s actually a fantastic read full of wisdom, inspirational messages, advice and guidance on self-love and transforming negative emotions into positive ones. Check it out HERE 

CREATOR OF THE WEEK ⤵️

@pricelesstay

⬇️ adulting can be tough, especially when it comes to finances. But have no fear, we're here to make it easier! 💪💰 Are you feeling the wei... See more

The creator of the week is @Pricelesstay, a US-based finance creator that makes content to help GenZ get better with money. Her content is engaging, helpful and most importantly consistent, definitely one to follow if you want to level up your finances.

LESSON OF THE DAY ⤵️

Use money to make you more money not to make it look like you have more money.