Starting a side hustle cannot only give you a competitive edge in your career but also improve your creativity. In fact, over 44 million Americans engage in side hustles to supplement their primary jobs.
Nevertheless, you can also quickly end up being stressed out, drained, and even sick due to sleep deprivation, among other problems. If you wish to start a side job, here are five factors you should consider.
1. Your Passion
Before diving into any side hustle alternative, be sure to know yourself. What's it that you love doing? Do you have a hobby that you can turn into a job?
If you can't figure out something real quick, don't fret still. Start by listing your skills and interests. This will help you ensure that you only pick a side hustle that you do not only enjoy doing but is also something that you're really good at.
2. What's Your Daily Routine?
While not all side hustles will require the same amount or level of commitment, understanding your daily routine will make it easy for you to optimize it and balance your personal and primary job life. Review your daily routine, and find out how you can optimize it to allow enough time for the main job and the side hustle.
Be realistic about the daily routine and from that, mark the days that you have off from the main job. You should also determine if you usually have some free time probably during the weekends, in the mornings and evenings, and you can dedicate these times for the side hustle. Be sure to set realistic time frames for the 'hobby job' to avoid burning out.
3. The Income Potential
While side jobs are majorly done out of passion, one major side hustle secret is money motivation. Take some time to figure out how much extra money you wish to earn from the side gig.
This should help you get an intimate reason for venturing into the job. After that, set a realistic income goal that matches your situation.
Ensure you don't over-inflate the figures since your mind will be 'programmed' to hit that income goal, and if you don't hit it due to commitments or other issues, you risk getting depressions. If you just want to get extra bucks for partying or extra pocket money, 'simpler' side hustles, for example, being a Virtual Assistant or mystery shopping would be worth considering.
However, if you're looking for extra money to pay, for example, bills, you'll need side jobs that may require a little more dedication and skill, for example, online tutoring, blogging, and others. Just make sure that it's driven by passion.
4. When to Start Work on Your Side Hustle
While money is the primary motivation in most side gigs, we also must acknowledge that income might not start streaming in just instantly. For example, if you decide to blog for money online, it will take some time for you to drive enough traffic and generate some revenue from the blog.
If you want quick bucks, perhaps, you'd consider other options like using your car to help people run errands. You can find such gigs on websites like Amazon Flex, TaskRabbit, and others.
5. Weigh Your Options
After considering these aspects, have your list of at least three best side gigs. With this list, it will be simpler for you finding a job that you will not only enjoy doing you but also give you a good amount of extra income. Once you're satisfied with your selection, you can do additional research on the job to know how to earn best from it.
Don't Rush Your Side Hustle
Finally, you'll most certainly find a lot of people or companies that are willing to offer you side gigs. To avoid any unpleasant surprises with scammers or illegitimate companies, take some time to research the company or individuals and know their mode of payments and base rates, among other factors.