Today we have a guest post from Leah, and we’re talking about one of my favorite things: Side Hustles! I highly recommend you check out the free e-course at the end of this post and tell us your biggest fears about getting started hustling.
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Hey, everyone! My name is Leah and I am the blogger behind Urban20Something.com. I blog about ways that millennial women can advance financially and professionally by side hustling. My blog was born about 1 year ago when I was declining law school acceptances and felt like there had to be more creative (and less expensive! Hello, debt!) ways to pursue a career I loved, I just needed to find it.
Fast forward one year, and I’ve completely dedicated my blog to helping people side hustle. Because of my blog and the freelance writing experience I built up by side hustling, I was able to quit my job last summer and travel for four months. There’s no way I could’ve done that had I not had the experience and money from a side hustle. It’s a huge boost of freedom and I can’t recommend side hustling enough. So, first…
What’s a Side Hustle?
A side hustle is a way you make money outside of your 9-5 job and/or primary source of income. Side hustles can be quite extravagant and include starting an entire business. Or, they can be as simple as monetizing a hobby you already do. For instance, do you to write and journal? Why not make money freelance writing and ghost blogging? Do you speak another language? Make money tutoring!
The types of side hustles are never ending and you can monetize nearly anything that you might be good at it and/or have a passion for.
Why do you need a side hustle?
The most obvious (and maybe most exciting!) reason to have a side hustle is to make extra money, of course! This is especially relevant to the millennial generation who is drowning in debt. Yes, we do have a lot of debt on our hands, but we also have the power of technology and the opportunities to make side money with it like never before. Exercise that power and conquer your financial life!
Diversify your skills
If you live in the United States, you’re well aware (and maybe in sick of hearing) that our economy and politics are shaky. With the turbulence in our country, the safest defense to your own job and financial security is to be really employable. Side hustling allows you to develop and exercise other professional skills you might not get to use at work.
For instance, one of my side hustles is my blog, Urban20Something.com, and in learning to create a website and market digitally, I was able to get my current job by leveraging my knowledge of web design. Other examples of this could be if graphic design was your side hustle and you learned how to use creative software that a company would be looking for. Or, you could tutor a language that you know but otherwise might not practice so much, maintaining your fluency.
As I mentioned above, my side hustles gave me the finance security and confidence to quit my job and go to Asia. That’s a long story for another day, but the short version is that I felt like I was a dead end with my job and didn’t want to just wait until I got another. I had the luxury of quitting to travel because I had saved up a bit of extra money from my side hustle and I knew I could continue making money online because of the experience I had built up freelancing. It gave me an entire new freedom.
Have an outlet
You might be surprised at how therapeutic your side hustle becomes! It’s an excellent and satisfying way to forget your stresses at your 9-5 and keep perspective when you feel enclosed in your own day-to-day life. As one of my favorite entrepreneurs, Chris Guillebeau says about side hustles:
“It’s not a part-time job as much as it’s something you create, and it’s disproportionately satisfying.”
It’s a simple as having something that you love and can make money off of. Even if you do have a job that you love (and I hope you do!), chances are you have some other passion projects yearning for attention inside of you that you may have been dismissing because they didn’t make you money or you didn’t have time.
The key to a profitable side hustle
The beauty of side hustles is that you can really make one of out whatever you love to do. Some might seem more profitable than others, but with a little creativity, you can monetize nearly any hobby. So, don’t feel cornered into one hustle!
However, one key trait of a side hustle I do highly recommend considering when beginning your own is trying to find a side hustle that’s at least somewhat passive. If you can create a side hustle that is passive, you’ll save yourself a lot of time in the long run. That saved time can then be used to make more money. It’s a win-win.
How to make your side hustle passive
Passive can mean a couple of things. Traditionally, passive income is a way to make money without directly exchanging your time for your money. The idea is that you usually do a lot of upfront work, but then you can make income on your product or service again and again without having to do that same work again. A classic example of this is real estate, where you buy a piece of real estate and then rent it out, earning that income passively. Another is writing a book. It takes a lot of upfront work, but then that book continues to sell on and on.
You can pursue one of these passive income options for your side hustle, but there are so many other ways to make your side hustle passive doing whatever you’re passionate about.
The idea is to set up systems that market your side hustle passively for you so that you don’t have to continually search for side hustle jobs.
- An online digital resume
- A sales or landing page that details your services
- Testimonials and reviews for you on hand so people can see how amazing you are
These upfront tasks will help you get noticed and get you clients without you having to seek them out yourself. If you want to set up a passive side hustle for yourself, I cover all of this step-by-step in my free 7 day e-mail course. You can sign up below!
This course is designed for any sort of side hustle you chose to pursue, it’s not just for blogging or freelancing. What it’s designed to do is help you set up systems to market and promote your hustle, so that you can spend more time actually hustling.
What’s your side hustle? Pop over to Urban20Something.com and please share! We have an entire library for side hustle resources. I can’t wait to see you hustle.