Side hustles are a fantastic way to make some extra money, and they can even turn into full-time jobs if you’re really passionate about what you’re doing.
Here at Society of Side Hustle we believe that everyone should have a side hustle for many reasons. In this article, we will go over a few of those reasons and hopefully convince you to start your own side hustle today!
Benefits To Having a Side Hustle
There are many benefits to having a side hustle. In this portion of this post, we will go over some of the benefits that having a side hustle can give you.
Extra Money
This one is obvious. If you have bills to pay and a job that doesn’t pay you enough, a side hustle can help you make some extra money. Even if you make an extra $20 per day, that’s an extra $600 per month you can invest back into your business or save for a rainy day.
A Sense of Accomplishment
Having a side hustle can give you a sense of accomplishment that you might not get from your day job. If you’re passionate about what you’re doing, then it can feel really good to be able to work on something that you love outside of your 9-5.
Sparks Your Creativity
If you think about your creativity. As you get older, you slowly but surely lose your imagination. From the structure of your full time job to the way you have to act around your family and friends, it can be easy for your creative side to get stifled. However, having a side hustle allows you to flex your creative muscles in ways that you wouldn’t be able to do at your day job.
For me, being able to get my creativity back was one of the biggest reasons why I decided to start my side hustle. It puts me in a great mood and I love being able to work on something that I’m passionate about.
Learn More Skills
While having a side hustle, you will learn new skills. If you’re not using any skills that you learned in your day job, then it can be a great way to learn more about the things you’re interested in.
You’ll Be More Productive
If you have trouble being productive outside of work, then having a side hustle can help you with that. Once you get into the habit of working on your side hustle, you’ll find that it’s much easier to be productive in other areas of your life as well. Discipline comes with practice, and what better way to practice being productive than by working on something you’re passionate about?
You’ll Have a Backup Plan If You Lose Your Job
If you lose your job, then having a side hustle can be a great way to make some extra money while you’re looking for another job. It’s always good to have a backup plan, and a side hustle can be the perfect backup plan if you find yourself unemployed.
Your Side Hustle Can Open Up Even More Avenues
Let’s say you want to start blogging. The main skill for bloggers is writing. As you build up your blog over time, you can build up your writing skills. With your new writing skills you can be a freelance writer for businesses in your free time to make extra money.
Freelance writers can make anywhere between $20 per 1000 words to $100 per 1000 words for more experienced writers.
Another way to make money from your side hustle is to document it. A YouTube channel documenting your side hustle could eventually lead to you make money though adsense or sponsorships.
What Are Some Examples Of Legitimate Side Hustles?
Choosing a side hustle is the hard part. One thing to keep in mind is that you don’t have to be an expert to get started. When I started this blog post, I had no idea how to start a blog. It took me some time to learn, but eventually I figured it out and now I’m sharing my knowledge with you!
That being said, here are some examples of legitimate side hustles that you can start today:
1. Starting a blog
Starting a blog is the side hustle that I chose. It’s a great way to share your knowledge with the world and make some extra money in the process. If you’re not sure where to start, consider checking out the Passive Income Geek Course by Morten Storgaard.
2. Creating an e-book
If you have some knowledge that you think would be valuable to others, then creating an e-book is a great way to make some extra money. Once you create your e-book, you can sell it on Amazon or your own website.
3. Starting a YouTube channel
YouTube is a great way to make money if you can build up a large following. You can monetize your channel with ads or sponsorships once you reach a certain number of subscribers. If you’re not sure where to start, check out this guide which will teach you how to start a successful YouTube channel.
4. becoming a freelance writer
If you have a knack for writing, then becoming a freelance writer is a great way to make some extra money. You can find writing gigs on sites like Fiverr or Upwork.
5. Creating an online course
If you’re an expert in a particular subject, then creating an online course is a great way to make money. You can create your course on sites like Udemy or Teachable.
6. Starting an Etsy shop
Etsy shops are good for people who know how to make or design physical products. If you have a product that you think people would be interested in, then starting an Etsy shop is a great way to make some extra money.
7. Becoming a virtual assistant
If you’re good at administrative tasks, then becoming a virtual assistant is a great way to make money. You can find virtual assistant gigs on sites like Fiverr or Upwork.
8. Offer consulting services
If you’re an expert in a particular field, then offering consulting services is a great way to make money. You can offer your services on sites like Fiverr or Upwork.
9. Create a printable or digital product
If you’re good at designing, then creating a printable or digital product is a great way to make money. You can sell your products on sites like Etsy or Creative Market.
10. Be a pet sitter or dog walker
If you love animals, then being a pet sitter or dog walker is a great way to make money. You can find pet sitting gigs on sites like Rover or Care.com.
11. Offer your services as a social media manager
If you’re good at managing social media accounts, then offering your services as a social media manager is a great way to make money. You can find social media management gigs on sites like Upwork or Fiverr.
12. Offer your services as a web designer or developer
If you’re good at web design or development, then offering your services is a great way to make money. You can find web design and development gigs on sites like Upwork or Fiverr.
13. Create a app
Creating an app is a great way to make money if you can do it. You can sell your app on the App Store or Google Play. The best ways to make money through an app is by offering in-app purchases or ads.
14. Invest in real estate
This takes a little bit more money to get started in most cases. Unless you invest in an app like Fundrise. Fundrise is a app that allows you to start investing in real estate with as little as $10.
15. Buy and sell websites
Flipping websites is another great way to make money. You can buy websites for as little as $10 on sites like Flippa. Once you’ve bought the website, you can sell it for a profit.
Adding content will up the value of the site which will allow you to sell it for more money.
16. Be a graphic designer
Freelance sites like Fiverr or 99designs are great places to find graphic design gigs. You can also find graphic design work on sites like Upwork or Craigslist.
17. Offer your services as a photographer
If you’re a photographer, then offering your services is a great way to make money. You can find photography gigs on sites like Fiverr or Upwork.
18. Create a marketing agency
A marketing agency is a great way to make money if you’re good at marketing. You can find marketing gigs on sites like Upwork or Fiverr.
19. Invest in stocks
Investin in stocks is a great way to make money. You can use apps like Robinhood to get started ver easily.
Why is it important to have extra income?
There are a few reasons why it’s important to have extra income. First, it can help you pay off debt. Second, it can help you save for a rainy day. Third, it can help you retire early. Fourth, it can help you travel more. Fifth, it can help you give more to charity. Lastly, it can help you pursue your passions.
Making extra income is a great way to achieve financial freedom. It allows you to do things that you may not be able to do with just a 9-5 job.
When Should You Quit Your Job For Your Side Hustle?
In our opinion once you have a solid plan and are making enough money from your side hustle to replace your 9-5 income, then you can quit your job.
Diversification is key though, make sure you have an active income that goes along with your side hustle income. For example, the situation we used above. IF you’re a blogger, freelance writing on the side could help with those low months.
How To Get Started With a Side Hustle Effectively?
You need to make sure you have the plans in place to be successful. Winging things is the worst way to go about it. You need to make sure you have a system and process for everything. This goes with any business, not just side hustles.
Here’s a quick checklist to help you get started:
Pick the right side hustle
You don’t have to be completely in love with the side hustle. Discipline also needs to be a factor. But you should at least be interested in it.
Watch YouTube
This is a huge one, there are SO many helpful people on YouTube. You need to find an expert within the side hustle that you’ve chosen and watch their free videos.
Get a Course
Now take it the next step. YouTubers often give free information but not the whole story. They do this because they want to sell you a course. And that’s okay! We recommend getting a course from someone who is an expert and has been successful with their side hustle. For me, I got the course Passive Income Geek by Morten Storgaard which helped me tremendously when I was getting started with my blogging side hustle.
Stay Up To Date & Be Consistent
You should always be learning and staying up to date with your side hustle. This will help you immensely in the long run. Also, being consistent is key. You need to treat your side hustle like a real business if you want it to be successful.
Stick To a Realistic Schedule
Make sure you have time for your side hustle. This is important because if you’re constantly tired, it will show in your work. If you’re working full time and want to start a YouTube channel, then you need to be realistic about the time you have to put in.
Conclusion
We hope you liked this blog post explaining why it’s important to have a side hustle. Be sure to check out our blog for more great content like this!
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