You may have heard the term side hustle thrown around here and there, but what exactly is it? Read on to learn all you ever wanted to know and make sure to sign up for the free workbook at the bottom of the page.
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The Anatomy of a Side Hustle
Put simply, a side hustle is an income stream that you create to make money in addition to your regular day job. This isn’t just a second job – it’s a job that YOU create to earn extra income.
It’s called a side hustle because you need to have hustle or drive to succeed with you side gig. Since this isn’t just a second job with a different boss looking over your shoulder, everything pertaining to your side hustle depends on you. A positive outlook and self motivation are essential to making it work.
Why? Because this isn’t a get rich quick scheme, it takes work and dedication. You’ve got to break away from the pack and win.
Typically a side hustle starts with a small monetary investment. More often than not, they start out as bare bones endeavors. Nick Loper of Side Hustle Nation started his first business with 5 bucks. I sold Victoria’s Secret bras I bought at a thrift store for a quarter on ebay as my first side hustle and I made a full-time income doing it. (Yes, there is a market for that on ebay.) So you see you don’t have to have any capital to get started- just an idea and a willingness to try something different.
The largest investment you’ll probably make in your side hustle is your time.
A side hustle is scrappy. It’s beginnings may be humble, but it’s purpose is to make you money and/or make you happy!
Sometimes a side hustle might even bring in more money than your regular gig but for one reason or another you can’t quit your day job. Perhaps you’re a stay at home mom, that’s your day job and your side hustle would be the extra money you bring in from your own business.
I make way more at my side hustle selling Amazon FBA than I do from my day job as a university teaching assistant. I do my day job because I love it, I do my side hustle for the money.
The coolest part of being a side hustler is the fun you can have. This is your baby, your dream, your business. This is where you get to experiment and push your limits!
Perhaps you have a special talent or hobby that you can monetize. There are ways to make money from doing the things you love, you’ve just got to think creatively to figure out how to make money from them. It might be as simple as opening an etsy shop or selling your graphic designs on fiverr.
Don’t get me wrong, however. A side hustle is work, but it’s your own work. That’s why it’s fun. It’s yours and yours alone.
Being a side hustler is not for the lazy. It’s not for the people who don’t want to put in long hours. It’s for the people with spark and passion and a desire to build something for themselves.
A Few Ideas
Really the sky’s the limit when deciding what kind of side hustle you want to do. Here’s a few ideas to get you started.
- Start a blog! Running a blog is an excellent, long-term side hustle and the rewards are endless. The overhead is minimal. You can get started for as little as $3.45 a month with web hosting through Bluehost. Plus, if you use my link you’ll receive a free domain name. A blog is also an excellent way to document any other side hustles your doing.
- Sell on Amazon.
- You can sell just about anything here. I started with used books and moved on to doing retail arbitrage with Amazon FBA. You can read about that here.
- Sell used items on Ebay.
- Ebay is a great place to sell gently used items you find at thrift stores and garage sales.
- Write an e-book.
- E-books don’t have to be long and you can write them about anything. It’s easy to sell them through Amazon kindle.
- Become a freelance writer.
Just remember, a side hustle is up to you. Dream big!
Also, don’t get sucked into any kind of “business” that requires you to buy a bunch of products up front and/or sell your soul. The joy of the hustle is working your tail off on something that you create.
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