SIMPLE STEPS TO START YOUR SIDE HUSTLE

  • Post last modified:October 31, 2021
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It turns out that side hustle pays more than your normal job. If you are interested to kick start your side hustle, this article will guide you an evergreen simple steps to start your side hustle

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Side hustle could make you a multi-millionaire overnight and even In just a snap of a finger.

WHY DO YOU NEED A SIDE HUSTLE




The idea of a side hustle is been embraced with both hands by a lot of workers all around the world today unlike some decades ago. The big question is why do more workers in our present decade buy the idea of starting up a side hustle?


There is a popular saying that ” you do not get to know what you are missing until it comes to you”
Are you a regular worker perhaps in a cooperate firm, an institution or an NGO and you are still skeptical about starting up your own side hustle? Then pardon me but I must tell you that you do not know what you are missing!


Perhaps you may say to yourself “my company pays me well, why then do I need a side hustle?” But you must understand that the purpose of you starting your own side hustle is not just only to make more money. There are other reasons unknown to you why you really need a side hustle.
Here are some the reasons you may consider

  • MULTIPLE SOURCE OF INCOME

This is the most basic reason why most workers around the world today embrace the idea of starting their own side hustle.


Getting several sources of income in many ways have proven helpfull to a lot of employees. If you are a worker that earns your salary monthly or weekly, the extra funds you get from your side hustle could help you sort out your financial needs before getting your salary.

A lot of workers today get themselves entangled in this unending circle of indebtedness where they have to borrow money from a lot of people to solve their immediate financial issues during the time when they have not received their salaries.

And when the finally receive their salaries, they end up using almost all of it paying up their debts. This circle of indebtedness continues till they retire. Only finding a suitable side hustle could eliminate the tendencies of you falling into this circle.

  • SIDE HUSTLE BRINGS OUT YOUR CREATIVITY
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In your conventional work place, your only requirement is to do exactly what is expected of you; nothing more, nothing less.

This single acts numbs the creativity of the employee making them feel stagnated or used.
Getting yourself a good side hustle is a quick and easy way to escape this stagnation imposed on you by your employer.

You can be free to to explore your inner creativity and actually get to know and appreciate yourself better.

  • YOU CAN ACTUALLY MAKE MORE BY WORKING MORE

One of the most frustrating things about your conventional working place; be it a bank, school, hospital etcetera is that you only get paid the exact salary on your employment contract weather or not you put in extra energy, commitment and dedication to your job.

That is to say you do not get to be paid more by working more.
Sometimes most employees feel cheated by their employers because they feel that the employer is not noticing their dedication to their jobs and appreciating them with a higher pay.


This would not be much of a concern to you if you have a side hustle. This is because in your side hustle you actually see the dividends of your hard work. When you put in more effort into your side hustle, you make more money than you use to make before



  • YOU ARE YOUR OWN BOSS


Once in a while, as an employee you actually consider the idea of owning your own thing. This desire is not fueled out of greed or envy, it is a natural desire that everyone has. The big question is ” why not make those fantasies a reality?”


Of course you can! You can become your own boss by starting your own side hustle. Luckily for you, with time you could enlarge your business to accommodate employees

GETTING STARTED



Starting your side hustle is something that you must do, well prepared. You do not want to jump into something that you would regret in the nearest future.


Here are some very vital steps you must take in order to ensure that you succeed in your side hustle

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GET YOUR MOTIVES STRAIGHT



Before you really go into any business endeavor that you desire, it is crucial that you really understand your primary motive of going into to the business in order not to get carried away in the long run.


The reason why getting your motives straight as an employee planning on starting your side hustle is that once you have a fixed motive that motivates you in your side hustle, it would equip you with the necessary abilities to endure the imminent challenges that would occur during this process.


You need to sit down and ask yourself this simple question ” why do I really want to start a side hustle? ” Only when you sincerely answer that question would you consider yourself to have taken the first step to achieving success in your side hustle.

SELECT A SIDE HUSTLE OF YOUR CHOICE




Once you are done with getting your motives straight, the next thing in line that you should do is to actually find a side hustle that you desire to go into. You are advised to select a side hustle that is most convenient to you, something that you would not have to put in more than needed effort in order to see it prosper.


This stage is the most important stage in equipping yourself for success in your side hustle endeavor and that is why you should take it more seriously.
There are a lot of great side hustles that you may quickly consider. These are one of the most popular side hustles that many employees engage in today.

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Choosing the most suitable side hustle for yourself could be made easier if only you learn to explore your skills and expertise. Look deep into yourself band find out those things that you are actually skilled in doing, and look for a way to monetize that skill.


It would be disastrous if you have no passion or love for teaching and you choose tutoring as your desired side hustle. You will get frustrated in the long run.

DO A THOROUGH RESEARCH


Information is power. And that applies to everything. It is when you are fully informed about what you you want to go into that you will actually succeed in that thing.

Yes you may think that you have everything all planned in your head, but one thing I hat you must understand is that the real world is a whole lot different from the fantasy world and that is why you really need to do some research about the side hustle that you have chosen to go into before going into it.

It is wise that you meet people who are actually doing the same business that you desire to go into as your side hustle and ask them some certain questions about how the business goes and everything that is involved in it because firsthand knowledge is the best type of knowledge.


Do not go into what you do not really know. This is why several people have failed in business or in starting up a side hustle. The price for ignorance is not something you are willing to pay, for this reason you should do your thorough research both online and physical

DO A FINANCIAL PLAN


Finances is another thing you must consider when venturing into a side hustle. You need to fully understand how much it really costs to start your side hustle.

You need to make a financial budget for your side hustle and also learn to separate your income from your salary in order to track your profit. If you have a disorderly financial record, it would affect your business adversely

CREATE TIME TO BUILD


Time is one factor that poses a threat to most employees when it comes to starting up their side hustle. This is because the firms or companies they work in barely gives them time for themselves.

Most employees now only have the late evenings and the night as their only work free hours during weekdays and that alone may kill any dream of that employee to start up his or her side hustle.


Nevertheless if you as an employee can discipline yourself and create sometime for your side hustle; it could be during the weekends or perhaps during the night hours, you are on your way to being successful.


Let us say you run a blog as your side hustle and you have little or no time for your mobile device during your work hours, you could sacrifice your night for your blog thereby creating a time to build your side hustle

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