Having a side hustle is a great way to make money fast. If you want to turn your side hustle into a full-time gig, you first need to know what your value is. You might be good at something, but not great. Or maybe you’re amazing at something and just need to figure out how to make it profitable. Once you know what your market wants (and can deliver), then it’s time to start promoting yourself online and off as an expert in that area.
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Do the math
Once you’re clear on your expenses, you need to calculate how much money you’ll have left over each month. If your side hustle is bringing in $3,000 a month but it costs $2,500 for rent and utilities, then that extra cash isn’t going to last long. In order to be sure that the amount of money coming in will cover what’s going out for necessities and basic bills, do some financial planning.
If you want help with this step, several sites exist where people can calculate their estimated income as well as their monthly expenses. The most popular one is called Mint; however, there are also other popular options (such as Personal Capital or YNAB). These websites make creating budgets easy by helping you track spending habits over time and showing exactly how much money is coming in and going out each month!
Realize that it won’t be easy
If you’ve ever dreamed of quitting your day job to pursue your side hustle full time, it’s time to wake up and smell the coffee. Achieving this goal is going to take effort: a lot of effort.
You need to be ready for it. You will have to work hard and make sacrifices. There will be times when you wonder if it’s all worth it—but if you stick with it, chances are good that in the end, it’ll all pay off in spades (or something else valuable).
Side hustles do not happen overnight; they take time and commitment. You cannot expect people or businesses to just magically start buying from or hiring you on account of a bit of internet fame or some new idea from reading an article online about how easy this whole thing is supposed to be!
Use your side hustle to learn new skills and build your resume
As you pursue your side hustle, you may find that through trial and error, you develop new skills that help fuel your full-time career. If that’s the case and if those skills would be of value to your employer, don’t hesitate to include them on your resume. You can even consider adding them as your soft skills or descriptive paragraphs in the work history section of your resume.
In addition, consider creating a portfolio of written pieces (blog posts, white papers), videos (e.g., tutorials), photographs or drawings related to something you enjoy doing—and then use it when applying for full-time jobs.
The transition from a side gig to a full-time job can be slow
The transition from a side gig to a full-time job can be slow. Finding the right job may take time, and it’s not uncommon for new hires to have to accept a lower salary than they are used to. It is important that you find a job that fits your skills and interests. Additionally, when starting out, you may have to take on temporary work or volunteer for free until you can find something more permanent.
Treat your side hustle like a job
In order to get your side hustle off the ground, you need to treat it as something that’s worth your time and effort. Make sure you have enough time set aside each week to work on it and keep the same consistent schedule day in and day out. Have a calendar where you can track how many hours each week you spend on your side hustle and make sure to give yourself some breaks in between (it’s important not to burn out).
Make goals for yourself
what do you want from this? What are your long-term plans? How can writing fifty articles help achieve those goals? Set weekly benchmarks so that by the end of the week, no matter how difficult things may seem at first glance, there will always be proof that progress has been made—and then celebrate those successes.
Conclusion
It’s important to remember that even if you do everything right, it will still take time to get where you want to be. You need to have patience and persistence—and don’t give up! This is a marathon, not a sprint. If you keep working hard at your side hustle, eventually you’ll find success.
Article by Emily Lamp
Emily Lamp is a freelance writer, working closely with many aspiring thinkers and entrepreneurs from various companies. She is also interested in self-improvement, entrepreneurship and technology. Say hi to Emily on Twitter @EmilyLamp2.
