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Starting a Side Hustle

Mar 20, 2020

 

Who doesn't want a bit of extra money in their pocket each week am I right?

 

Whether you are saving for a house, planning a holiday, paying off debt or putting money aside for a rainy day, a little extra cash can go a long way. Have you ever considered starting a side hustle? Your 9-5 day job might help you pay for your essentials but a side hustle will give you that little extra to help you achieve your goals quicker. 

 

So what even is a side hustle? 

A side hustle is a way of making income outside of your daily 9-5 jobs. It is any type of employment undertaken in addition to one’s full-time job. Side hustles are generally freelance or piecework in nature, providing a supplemental income. They are often things a person is passionate about, rather say a typical day job worked in order to make ends meet. A side hustle can allow you to make extra money that can give you the freedom to pursue your passions, purchase the things you need or want and remove financial worries you may have. 

 

How do you start a side hustle you ask….

Well, there are a number of steps involved in starting your very own side hustle:

  1. Make a list of what you are interested in, what are your passions or hobbies.
  2. Decide on one idea - Is it a service or a product you wish to sell.
  3. Find your niche - differentiate your product from your competitors.
  4. Develop your brand.
  5. Define your goals and objectives.
  6. Schedule time for your side hustle. 
  7. Get started. 

 

Some of the pros and cons of starting a side hustles include:

 

Pros:

  • Can benefit your day job 
  • Ability to make a difference 
  • Can earn a decent amount of income
  • Gives you the freedom to pursue your passion or hobby  
  • Gives you a sense of purpose 
  • Exposure to new opportunities 

 

Cons:

  • Time consuming 
  • Lack of self care - you can end up working too hard 
  • Can conflict with your day job 
  • Can end up giving you more stress and anxiety 
  • Can end up putting lots of money towards it 

 

If you want to start a side hustle in 2020 but don't know where to start I have a list of the top 10 side hustle ideas that may help you get started. 

Best 10 Side Hustle Ideas for 2020

  1. Airbnb
  2. Uber
  3. Renting out a parking space,garage or room 
  4. Sell an online course or workshop 
  5. Teach music, english or other subject area or even yoga 
  6. Babysit
  7. Freelance - Sell your photography or do photography for events 
  8. Airtasker - complete jobs for other people 
  9. Housecleaning 
  10. A virtual assistant 

 

I hope this helps you learn how you can make some extra cash to achieve your goals. 

Fairien xx

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