Whether it is working from home or at an office, many of us have one main source of income. But the times are changing, and now many people have more than one job or a job plus a side hustle.
A growing percentage of millennials are going for a second job or side gig. It could be for many reasons—for the money or to get experience in a field or just for fun.
Having a side hustle does not mean it will not stand a chance of becoming a main income earner. I know many people who have started their side hustle, and later they became so profitable that they make more from the side hustle than the main source of income.
So why would anyone have a side hustle?
A few things to consider if you need to have a side hustle:
#1. Extra Source of Income
Having a side hustle or a side job inevitably means making more income. Even if it is a small addition to your income, it will be a big help. Having a side hustle for more income is the primary reason that most of us look for one.
Blogging has earned more than $45,000 for me in just 18 months. That’s what a side hustle can do for you.
With so many options now, both online and offline, you can find something that suits your schedule and make that extra cash. Who wouldn’t want an extra stream of income?
#2. Change of Work
No matter how much you love your job, sometimes it can get a little stressful. It is sometimes advised to do something different, away from your main line of work, to be more creative.
Some might think that it can be too hard to work on too many things. On the contrary, it can be an excellent way to take your mind off the usual work, think more creatively, and be more productive.
For example, teaching is something a lot of people enjoy and earning a good income teaching kids online is flexible and stress-free.
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#3. Side Business
I am sure no one can have a debate on this. There is a BIG possibility of making your side hustle a huge income earner. And to top it off, it can be passive. I could give you hundreds of examples of entrepreneurs who started their side hustles along with their day jobs and now make a lot more than their primary income.
If there is a little idea in your head to start your side hustle, then there is always a possibility that it can become something much bigger than a side gig. Don’t give up on the possibility.
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#4. Stable Financial System
When it comes to planning for the future, a single source of income does not suffice these days. Right from your student debt to planning your kid’s future, you need extra income to make it a smooth journey.
Some of the biggest companies like Microsoft and Walmart had massive layoffs in 2016. In today’s unstable economic times, depending on a single line of work may not be a good idea.
A side job or a side hustle, no matter how little it pays, can increase your funds over the period and this, in turn, can create financial stability for you.
#5. Pursue Your Dream
Not many of us work in our dream jobs. Mostly, we work for the money. Did you ever imagine doing something different just on the side?
A side hustle can be an excellent way to pursue something you cannot do in a day job.
Worried that you may not get paid for your work?
Whether it is freelance writing, crafting, pet training, or traveling, in these times you will be surprised at the options you have to chase your dreams and still make money.
#6. Advance Your Skills
Do you want to make progress in your career, even if it is working from home? You can always add new skills to your repertoire to get ahead.
Learning a new skill is quite flexible these days with so many online learning platforms like Udemy, Lynda, etc. There are some amazing and absolutely useful resources like Work-At-Home School to start your side hustle.
But a better way to learn something new is getting hands-on experience. A side hustle can be an ideal way to try your hand at something new. The biggest advantage is that you can do a lot of experimentation, have lots of practical experience, and also stride ahead in your career.
There are many other benefits of having a side hustle like learning better time management and building new relationships.
When you juggle another gig along with your work, the key skill you need to have is managing your time in the most efficient manner. To be the most successful at whatever you do, having good control over your time is vital.
Side hustling also helps you to build stronger work relationships. Networking with clients/customers in your hustle can go a long way and can give your side hustle a solid base.
What’s my personal take on this?
I started my blog as a side hustle, and now I am making a good income from it (over $36,000 in the first year). The flexibility that I get from working online is the biggest plus for me. Blogging has become my passion, and I enjoy it immensely.
You might want to keep some things in mind when going for a side hustle like looking for flexibility, choosing the right one (especially if you are looking to add another source of income), making it worth your time, etc.
Whether it is to pay off debt or learn a new skill, the bottom line is many of us need to side hustle for one reason or another, and nowadays it is easier that ever to start one.
Side hustles you will love:
#1. Online Tutor with VIPkid
If you love teaching or want a super flexible side hustle, you need to sign up as a tutor with VIPKid. You don’t need any formal teaching experience to start with this company, and the pay is around $15–$22 per hour. This could be a great hustle if you are a stay-at-home mom, giving you a lot of flexibility.
#2. Babysitter
I would say this is the most enjoyable hustle. I mean, who wouldn’t love spending time with kids? It’s pure bliss. But what makes this a very lucrative hustle is the money and the abundance of opportunities. You can start your own childcare business at home or sign up with companies like Sittercity.
Do you have a side hustle? I would love to know about your hustle.
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