Starting a side hustle and turning it into a full-time income is a dream for every person I know, sadly most people will never make this a reality for them.
Actually, there is a statistic out there that more than 90% of people who start a side hustle fail miserably and they end up losing money instead of making money from it.
If you do a Google search right now for the best money-making side hustles, you’ll find articles that feature a few hundred different ideas.
These posts are literally a minefield of ideas, but how does that relate to you? How do you know which side hustle is going to be good for you?
In this article, we’re going to answer this important question so you can be on your way to earning your first dollars from your side hustle.
So, the first thing you need to do is to make a list of the things you’re passionate about.
This includes your hobbies (yes, you can make some money by doing your hobbies!), skills, and interests.
Starting with hobbies is always a good idea because it means you can do these tasks without getting bored.
Skills are also a good thing to include on the list because it’s something you know you can do easily.
If you’ve got music skills, then you can think of ways to make some money off of music! Lastly, listing down your interests will help you further narrow down the things you want to do.
Ideally, what you want to do is to choose a side hustle that you’re passionate about (preferably a hobby), is relatively easy for you to do, and is something you’re deeply interested in.
Keeping yourself motivated while doing your side hustle is important because you’re basically working solo.
If you let your motivation slide, then you’re going to fail at your side hustle. So, right from the get-go, it’s best to choose something you’re going to like doing for a long, long time.
Many people have turned their side hustles into full-time careers and businesses. But it most probably took them years.
It took a lot of hard work and dedication. They also learned from their failures and mistakes.
Succeeding at your side hustle will mean developing an entrepreneurial mindset. This means not being easily discouraged, and having the ability to think outside the box.
Entrepreneurs think big and they focus on their long-term vision. They don’t sweat the small stuff.
If you want to turn your side hustle into a successful business venture someday, then focus on that goal.
Do everything within your power to ensure your dreams come to fruition. There’s no better validation that you chose the right side hustle than by actually succeeding at it.
Some people will tell you to start a side hustle about something that you are passionate about, and others will tell you to go with money, both groups are right, but in my opinion, I think the best solution is to find a balance between the two.
You see if you are passionate about something no one will pay money for, you will not make any money and this can demotivate you and then quit.
If you just go for the money, it will be great at first, you will make your money but you will burn out very quickly and one day you will realize you do not want to do it anymore and you will quit anyway.
If you go for something that you have passion for but also can make you money, that is the best place to start, I discuss this in my other article about how to select a niche, you can read it here.
That is it, those are things that I will consider if I was going to start a new side hustle, thank you for reading and if you have any questions, let me know.