Have you thought about starting something on the side to earn more money but aren’t sure what to do? Or if you really have the time?
2018 should be your year to start a side hustle as 44 million other people are already doing it while working full-time!
At age 26 I started my side hustling by creating a website and try to make some money through affiliate advertising. It was a good idea in theory, but also my first online failure. The website was www.smallkitchengagets.com.
How did I ever think a site like that would ever be successful?
Anyways…It failed for two reasons: I did zero research into the niche and it was a topic that I was not passionate about at all. Well, maybe a third reason because I’m not sure there was a need for a review site for small kitchen gadgets (whoops).
My “failure” left me discouraged and instead of trying again I was back on the couch binge watching Netflix.
But in reality, what had I really lost? $50 for hosting and a few hours of my life?
If you start with something you are passionate about it will be easier and more motivating to work on even if you are tired after your 9-5 job.
Luckily at 28 I started this blog and have found much more success because I am passionate about helping others live a better life and not settle for mediocrity. There are plenty of instances where people have turned their side hustle into their main hustle and are able to get out of the “rat race” much earlier than their peers.
Seven Reasons to Start a Side Hustle
Earn More Money
Wouldn’t it be great to have a third or fourth paycheck each month instead of the 1st and 15th from your 9-5 job? Side hustles allow you to channel your passion into helping people and in turn make more money. The more people you help, the more money you make. If you want to earn a billion dollars, help a billion people.
Don’t believe you can make money online? Check out these six entrepreneurs who are making 6 figures per MONTH!
Build Relationships & Meet People
As a blogger, I have been able to meet some great people in the industry, attend events like FINCON, and meet new people that I normally wouldn’t have without blogging. Remember as Les Brown said, “Your network is your net worth.” The more people you know the more you can learn, collaborate, and learn from.
Helps You Save More Money
Most 20 somethings are not making $100,000 a year. If you are it’s more likely to happen after 26 or 27 as your career experience has increased and have climbed the corporate ladder. By having a side hustle it will allow you to save this money towards your future and long-term goals.
Whether you want to pay off debt, save for a dream vacation or buy your first home…side hustling can help!
Makes You More Productive
Americans watch a lot of TV, nearly five hours a day according to this study from NY Daily News. I get it, TV is better than ever.
You would be able to start a website, write a chapter of your book or record podcasts. I’m not even suggesting replacing TV entirely but imagine if you replaced an hour or two a day working on your side hustle?
Gives You More Freedom
Side hustling can help you earn more money, which in turn will give you more freedom. You could take a quick vacation, pay down bills or donate to your favorite charity. Isn’t freedom what most people are after anyway?
Protects You From The Unknown
Society may want you to think that a 9-5 job is the “safe” route in life but you should always be prepared. Companies go out of business all the time, sometimes with little notice. Be prepared by having a second income stream in case you find yourself in this situation.
Get Out Of Your Comfort Zone
Once you have been at a job for some time it can be easy to get into a comfortable routine. But your comfort zone is where dreams go to die. Challenge yourself to do more with your time by learning new skills, meeting people and getting paid to hustle.
Besides, how many people do you have gotten rich enough to retire before 50 by working a 9-5 that is not a CEO?
The answer, of course, is a very small percentage. Most people instead work a comfortable job and delay retirement until they are 65 years old because that is what society has told us is the norm.
Waiting until 65 to really enjoy life sounds too late for me, in fact, it sounds AWFUL. What if something happens to your health? You wait your whole life to retire only to get sick, disabled and never live your life?
That is the risk of deferred retirement.
Now that you understand the benefits of side hustling here are some popular side hustles to get started.
7 Side Hustles to Start in 2018
Become A Freelancer
Freelance writing can take some time to get started but has been a fun, profitable income stream for me and there is a ton of potential.
If you are already a freelance writer or want a course to get started I highly recommend checking out Holly Porter’s “Earn More Writing Course.”
She routinely makes over $200,000 per year and shows you how to pitch, cold email prospective clients, and start earning money.
Within two days of taking the course, I landed a new ghostwriting client!
Start A Blog
I started this site in 2016 and can’t believe where it’s taken me. I’ve made it my full-time career, changed my life entirely, networked and found my passion for writing.
No matter what you want to write about there is almost certainly a niche for it. There are countless other opportunities that come from starting a website like:
- Creating a book
- Being featured on TV
- Getting paid to speak
How great would it feel to run a profitable website from your home instead of going to work? Or working remotely from somewhere like Thailand or Europe?
Publish A Book
Ten years ago I never would have believed that I could be an author because of publishing costs. I assumed it cost thousands of dollars to get a book published. But with services like Amazon Kindle Publishing and Createspace, I was able to create a book for under $400 dollars.
Of course, you need to spend the time creating content, but if you write about something you are passionate about it will be easier than you think.
Sell on Amazon (Amazon FBA)
Do you know what a private label product is?
If you have shopped on Amazon there is a strong chance you have purchased a private label product in the past. Instead of a recognizable brand, someone buys products from China, adds their logo and ships to an Amazon warehouse.
Amazon then ships the products to consumers (including Prime) and handles returns and customer service. There are some higher upfront costs to this side hustle but some people make hundreds of thousands of dollars every month by doing using “Fulfillment by Amazon” or FBA.
- Scott’s Podcast – The Amazing Seller
- Check out Amazon FBA: Complete Guide to learn more
Start A Podcast
There are more people listening to podcasts now than ever before! People download them for daily commutes or long flights to stay entertained. Like blogging, podcasts exist for nearly any topic.
Examples include sports, superheroes, movie news, finances, cooking, fitness or realistically any topic you are interested in. All you need is a microphone and laptop and to get started.
What Will You Do in 2018?
Will you let another year pass without trying something new? Without starting a side gig that could potentially change your life?
There is such little downside it’s almost nonexsistent…but the upside is nearly limitless. These are a just a few ideas that are popular to start a side hustle but the list is endless. Make sure to follow your passion(s) and you will be able to find a few ideas to get started.
Put in the work now, the time will pass anyway!
Remember, the average millionaire has seven streams of income. How many do you have?
Did I miss any side hustles? What are you currently doing to make money on the side of your main job?
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