Yes, an side hustle can help you to start creating extra income.
The extra income can be important and will help you in these uncertain times.
If you get started now and build up a bit of extra income it can help you for years
It’s all about having an easy to manage side hustle.
What’s A Side Hustle?
A side hustle is a something that you do to make money outside of your normal job.
It allows you to make more money that can lower any financial worries (especially in uncertain times) , can help you pay off debt, save for something that you really want (car, home etc) or just to give you the freedom which may change your life.
There are plenty of different side hustles that people do.
For some people it’s a part-time job where you are employed to earn some extra money. This is a safe and easy way to make some extra money, but your income is limited to the time that you are able to spend working. Don’t get me wrong, each extra dollar that you earn will make a difference to your finances.
But for many people a side hustle is a home based business opportunity.
There are plenty of different things that you can do, and sometimes these opportunities will make you a regular income and others may not be as easy. The upside is some business opportunities can grow over time to provide a substantial extra income and even can replace your day job.
The key is to find something that you can do within the time that you have.
Many people will look for more than one opportunity, maybe with one that can generate regular income straight away while another may build over time but be designed to provide a passive income for you.
We refer to these as a passive income versus earned income.
Passive Income Is Key For Freedom
Most of us will go to work and earn an income based on the hours worked (an hourly rate) or on what value we add to the business we work for (a salary) but we know that our income will stop of we are unable to work or lose our jobs.
The business owner or employer will use our hard work and skills to earn money for the business. The business owner has taken the financial risk of settling up the business, and therefore is entitled to make money.
Passive income is the sort of income that we should all strive to have as it continues even if we are not working.
When you are looking at side hustles it is always a good idea to look at the way that you can earn money, and I would suggest that you consider diversifying so you have one hustle that can immediately make you money while having another in the background that can build up a passive income.
Most of the time building a passive income takes time and your efforts early on seem not to reward you well; hence many people give up before giving the idea a real chance.
Idea’s For Your Side Hustle
This can work really well for some people, but many struggle to make money.
Affiliate marketing is where you get paid for recommending products so the key is to get enough people to see what you want to promote and that generally means already having a large audience (database, followers) or being prepared to spend some time and/or money to build an audience.
I personally make money from affiliate marketing using links in this websites for products that I use and like.
Using the websites does take time to get ranked well and therefore to generate free traffic from Google but over time I expect this to gradually build up. For most people (myself included) we want to see results more quickly and so use marketing to generate leads that we can then add to a list, and then once you have people on a list you can build trust and then continue to market your affiliate products to them.
Getting Started With A Good Side Hustle
There are lots of so called “get rich quick’ schemes online these days.
We would never expect that some part-time gig will make you rich; however a side hustle offers financial freedom for a lot of people.
When you are selecting a side hustle you need to remember to select something that you can afford to do, can manage and have time for.
Many have an upfront cost and/or an ongoing cost so you need to understand what that is, but most importantly a successful business is going to need to provide people with good products that are not too expensive.
People always expect to get good value so you need to ensure that your business opportunity can offer that, and that is one of the core things that I consider whenever I am going to recommend a product. As mentioned I am involved in affiliate marketing with the products that I am happy to recommend offering good value and/or good opportunities.
I hope this has helped provide you with some ideas and make the idea of creating extra income a realistic opportunity.