3 Rules For Creating A Successful Side Hustle
Earning a little extra on the side is always a great way to supplement your income and there are plenty of jobs you can do with just a laptop and an internet connection. The key is figuring out what you will enjoy doing and how much time you can commit.
Obviously, people choose to take on extra work or side hustles for a wide range of reasons. It might be as a way to earn a little extra for treats and holidays or might be to pay off a debt. Equally, you might choose to take on some extra work to challenge yourself or alleviate boredom in your downtime.
But before you start looking for a role or set up your own small business, here are 3 main things you should think about…
The Right Resources
[This post contains ads] If you plan to earn a little extra from home, you must ensure that you have the right resources. For example, if you were to start writing a blog, having a good internet connection will be vital. Actually, high speed internet packages can save money as you can work faster and more efficiently!
Crafting items for sale is another good option if you already have ideas on items to sell. Sites like Etsy are built for home crafters, so whether you have a talent for making candles or drawing portraits, you are sure to find an audience who love your work.
For the most part, the right resources at home will require you to invest a little in your side hustle. This might be a bit off-putting, but if you intend for your side hustle to last a long time, it will be worth having the best resources from the start.
Of course, not all income streams require you to provide the resources. You might prefer to choose a casual role at a shop, bar or restaurant. Many businesses require people to fill a role that only needs a few hours a week so that all you need to do is show up. However, do be warned, you will likely need to create a CV and ace an interview to get there.
Finding a Fun Job
If you are giving up your spare time, you should always make sure that you are filling it with something fun. The more fun you are having, the more likely you will want to do the work you have given yourself. Indeed, many people take on a couple of hours of fun work a week and then quickly find that their side hustle becomes their main job!
When you are looking for a fun job, you should prioritize how you want to feel over the longevity of the job. This might sound strange but if you are just looking for something to fill a couple of hours, you don’t necessarily need to be thinking about how the role will develop your career.
On the other hand, some people look for a new challenge as they are becoming bored with their current career path and the lifestyle they have. If this is the case for you, you should definitely go for jobs that will stimulate you better. In fact, you might consider putting a little more time and energy into your side hustle, so that it is given plenty of room to blossom.
Avoiding Burn Out
The main risk you take when you add a few extra hours to your working week is burnout. Though a five hour evening shift in a bar might not seem like a lot, if you are already pursuing a career, this might just push you over the edge of your capabilities.
To help avoid burnout, you should make sure that you build enough down time into your week and fully unplug when you are not working. If you do feel as though you are at breaking point, please don’t push yourself any further. Listen to your body.
Balancing your career with your side hustle is a very personal decision that must take in your financial situation as well as your lifestyle. Working in your spare time has the inevitable consequence of reducing your spare time. It is really important that you understand this before you sign yourself up for any work or begin setting up your own business.
Whichever route you choose to follow for your side hustle or new business, take your time to settle into your new routine. Adding extra hours to your week takes some getting used to but you will soon reap the rewards. Here are some great budgeting resources on Amazon to help you –
Yes, I include affiliate (ad) links in all my blog posts, however it is only with companies and products I highly recommend. I receive a small commission if you buy through my links, so thanks in advance! Lydia Y-S