7 BEST IDEAS TO START A SIDE HUSTLE

 



What is a Side Hustle?

A side hustle is work completed outside of one's day job, and therefore the work tends to take place during evenings, on weekends, or during vacation breaks. ... You can start your own side hustle, or you can complete work on a freelance, contract, on-call, or part-time basis for a company.

Aspiring entrepreneurs with a strong drive can look to a side hustle as a stepping stone toward financial freedom. Your side hustle can also allow you to focus on what you're most passionate about if you don't get that satisfaction from your full-time work. It can give you the flexibility (and extra savings) to travel the world, care for the environment, or pursue causes in a more meaningful way.

If you’re planning to start a side hustle, here are 7 steps that'll help you get more traction, while you keep your day job and only source of dependable income.

7 Steps for you to Get More Attraction

• Identify your skills and Areas of Interest

Never enter a battle ill-equipped for the challenges you'll be facing. In order to experience quick results, you must back your side hustle with relevant skills, experience or industry knowledge.

• Validate Your Side Hustle With One Paying Customer 

Your side hustle idea may seem incredibly awesome and disruptive to you, but that’s not necessarily how your potential customers will see it. The real reason you need to validate your side hustle idea with a paying customr before getting too far into the business is to make sure you're not creating a solution to a problem that doesn't really exist. The “lack of market need” has been cited in an extensive CB Insights study as the top cause of startup failures.

• Differentiate Yourself From Competiting for Customer  

Unless you’ve built a totally new product or service that’s a class in and of itself, chances are you’ll be positioning your side hustle against other established players catering to the same target audience. Competition is an inevitable part of doing business.ll Busines.

• Define Clear Goals

It’s commendable to dream big. But when it comes to actually making your side hustle a success, you will get absolutely nowhere by aiming for the end zone straight out the games. In order to make your larger goals happen, you need to start with very small, incremental goals. 

• Ask for Real Customer Feedback Without feedback

 from your earliest customers, you'll expose your side hustle to the serious risk of failure.

• Avoid Getting Fired From Your Day Job

Obviously, you shouldn’t work on your side hustle during company time, nor should you use company resources to advance your own pursuits. Not only is it unethical, but it's likely a violation of the employment agreements you signed when you began your job. More importantly, non-compliance to contract terms can lead to disciplinary and even legal action, I've learned this lesson the hard way. 

• Build a Sustainable Flow of Customers Before Quitting Your Day Job

My advice is to never leave your day job until your side hustle is providing you with a sustainable, growing cash flow that exceeds that reaches to at least 75 percent of what your day job pays you. Most entrepreneurs have a healthy appetite for risk, but you shouldn't plunge into anything without having a decent chance of success.