The side hustle or side venture is one of the greatest ways to get ahead in business. You collect a salary and benefits from your day job. Then do what you’re passionate about or something to make extra money in the evenings and on weekends.
There are many ways to work a side hustle. You can earn extra money seasonally over the summer or holidays; or leverage a resource or skill
You could also take advantage of a lull in your
A side hustle can be very lucrative because if you’re doing most of the work and can keep your overhead low, so you’ll probably keep most of the profits. If you make a product, you can manufacture it right in your home, and sell it at the local street fair on the weekend. Your side hustle can be a blog or video channel, where you give advice and charge a premium price for the service because you’ve positioned yourself as an expert.
Tips for the side hustle:
- Choose a hustle with very little upfront investment.
- Choose something you can implement very quickly.
- Have your e-commerce set up in advance.
- Keep your inventory very low. Inventory is evil.
Utilizesocial media to build a buzz. Get likes, fans and followers to talk you up.
Here are a few examples to get you going. They require little start-up cost and you can start quickly using skills you already have:
4 Easy Side Hustles
- Rent out that extra room. Millions of users book short term rentals with Airbnb every year. You could be one of them, and turn your spare room into spare cash.
- Use your car to deliver food and get paid by restaurants.
- Virtual assistants are in high demand as more companies
offertelecommute work options. Take a look at your skills and find out what companies may be a good fit.
- Sell products online without paying for inventory. Advertise items for the seller (who handles shipping). then collect your commission and you’re done.
Carl Gould writes about catalyzing and sustaining business growth. He is an entrepreneur who built three multi-million dollar businesses by age 40, and his consulting firm has mentored the launch of over five thousand businesses in 35 countries. Each week he co-hosts “Quit and Get Rich” on iHeart® radio; and in his keynote speeches, he shares his insights from growing top companies from around the world. You can learn more about Carl and his firm at www.7StageAdvisors.com and www.CarlGould.com.