4 Tips to Start a Lucrative Side Hustle
4 Tips to Start a Lucrative Side Hustle
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Written by Nicholle Overkamp

October 5, 2022

Money Bitches, if you’re looking to make some extra cash, a side hustle might be the perfect solution!

A side hustle is a job or project that you do in addition to your day job. It can be something you do on the weekends, in the evenings, or even during your lunch break.

There are many different ways to start a side hustle. You could start your own business, freelance for other businesses, or find odd jobs online.

If you’re not sure where to start, here are four tips that can help get you started.

Find something you’re passionate about.

Your side hustle should be something that you’re passionate about, not just something that makes you a quick buck. If you’re not passionate about what you’re doing, it’ll be very difficult to stick with it and see success.

There are many different things you can do depending on your interests. If you like writing, you could start a blog or write for other websites. If you’re interested in design, you could start a freelance graphic design business. If you’re crafty, there are also many online platforms that allow you to sell the products you create.

The key is to find something that you enjoy doing and that has the potential to generate income. Do some research and see what options are available to you. Start small and see if you can grow your business over time.

Do your research.

When starting a side hustle, it’s important to do your research and make sure that you’re choosing a viable option. Make sure you understand the market for what you’re selling and what the competition is like. Talk to other entrepreneurs in your field, read online articles, and take courses to learn as much as you can about your chosen industry.

You should also research the costs associated with starting and running your business. How much money do you need to get started? What are the ongoing expenses? How will you generate revenue? These are all important questions to answer before starting a side hustle.

Set realistic goals.

One of the most important things you can do when starting a side hustle is to set realistic goals. Don’t expect to make a million dollars in your first year. Start small and gradually increase your goals as you become more successful.

Some things you may want to consider include:

  • How much money do you want to make in the next six months?
  • What are your long-term goals for your business?
  • What are the specific steps you need to take to reach these goals?

Be realistic about what you can achieve and make a plan that will help you reach your goals. Remember, Rome wasn’t built in a day!

Stay organized.

One of the most important things you can do when starting a side hustle is to stay organized. This means creating a system for tracking your expenses, income, and goals. It also means setting aside time each week to work on your business.

There are many different ways to stay organized. You can create a spreadsheet, use a project management tool, or make a list of tasks that need to be completed each day/week. The key is to find a system that works for you and stick with it.

If you’re not sure where to start, there are many online resources that can help. There are also many books and courses specifically about starting a small business. Do your research and find what works best for you.

Need help starting your side hustle?

Business coaching can help! Check out our Events page to sign up for our next Level Up event, or connect with us in the Money Bitch Community Facebook Group!

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