The Art of The Hustle
When the cost of living goes up, it can make everything feel frantic. The things you could get, are now out of reach. The goals you had are slipping further and further away.
Stop!
Stop there, that mindset will not help.... ever!
There is always a work around, money to be made and stuff to do.
The first step is to change the way you approach it.
Part 1 is making money needs to be fun to you. If its a chore or a second job, it won't be sustainable.
Part 2 is all about making other peoples lives better, then work out how to get paid for that.
When you get started there is one very important job you need to do. It is work out if you have a time, money or space excess in your life.
If you still have an evening after the kids have gone to bed, the dog's been walked, the chores are done and the TV is on. You might have a time excess.
If you've got a spare room, large garage or shed you might have a space excess.
Try to monetize what you have rather than what you don't. It will make your life so much easier.
Here's some brief ideas to get the brain whirring
1. Freelancing: Monetize Your Skills
Use what you already have. If you possess a skill set such as writing, graphic design, programming, or marketing, freelancing can be a good option. Websites like Upwork, Fiverr, and Freelancer connect freelancers with clients seeking their specific talents. Create a profile showcasing your expertise and start bidding on work.
2. Online Surveys and Reviews: Share Your Opinion
Companies are constantly seeking consumer feedback, and they are willing to pay for it. Participate in online surveys through various platforms and sites. Additionally, consider writing product reviews on platforms like Amazon or starting a blog to share your insights and earn through affiliate marketing.
3. E-Commerce: Turn Your Passion into Profit
Platforms like Etsy, eBay, and Amazon allow you to turn your hobbies into a source of income. Whether you craft handmade goods, vintage finds, or digital products, e-commerce platforms provide a global marketplace for your creations. Invest time in building a strong online presence and marketing your products effectively.
4. Tutoring and Coaching: Share Your Knowledge
If you excel in a particular subject or have expertise in a specific field, consider tutoring or coaching. Online platforms are commonly available and looking for motivated teachers, mentors etc, they provide opportunities to connect with students eager to learn from your experience.
5. Real Estate: Explore Short-Term Rentals
If you have extra space, consider renting it out through platforms like Airbnb. Turning your spare room or property into a short-term rental can be a lucrative way to make money on the side. Ensure you understand the numerous regulations and invest time in creating a welcoming space for guests.
Or look at taking in a lodger.
6. Delivery and Rideshare Services: Capitalize on Your Vehicle
If you own a reliable vehicle, consider working for delivery services or as a driver. These platforms allow you to set your schedule and earn money while utilizing your vehicle.
7. Stock Photography: Turn Your Photos into Cash
If you have a passion for photography, platforms like Shutterstock, Adobe Stock, or iStock allow you to sell your photos to a global audience. High-quality, unique images are in demand for websites, marketing materials, and more.
Conclusion
Embarking on a side hustle not only provides a financial boost but also offers a chance to explore your passions and expand your skill set. The key is to find an avenue that aligns with your interests, skills, and schedule. Whether you're looking to generate a modest income or potentially turn your side hustle into a full-time gig, the possibilities are endless. Start small, stay persistent, and watch your side hustle grow into a rewarding endeavor.
Remember, the most successful side hustles often arise from a combination of passion, dedication, and a willingness to adapt and learn. Take the first step today, and open the door to a world of opportunities. Just make sure that your start up costs don't get too high or you won't be making much.
Don't forget to declare your earnings to the Taxman if you need to.