How to Find Your Perfect Side Hustle in 5 Steps

in moneytalkssuccessful •  3 years ago 

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Starting your own business can seem like an impossible dream if you don’t know where to start. It may feel like you have to have some kind of special talent or training, but that’s not true! Your potential customers are everywhere; all you need to do is find them and market to them in order to get your business off the ground. This step-by-step guide on finding your side hustle will walk you through everything from brainstorming ideas to validating those ideas so that you can start earning money from your new business venture.

Step 1: Look at what you like doing

No point in thinking of your perfect side hustle if you don’t know what you enjoy. If you have a hobby, great! Do more of that. If not, think about other things you like doing and see if there are ways to monetize them. For example, do you like reading? Try reviewing books on Amazon or Goodreads or writing book reviews for an online magazine. Do you like cooking? Start a food-delivery service. You get the idea. Once you figure out something you enjoy, look at how it can be monetized. There is money to be made everywhere, even in places where you wouldn’t expect it. That said, make sure your hobbies also give you time for family and friends—don’t let work take over your life. (See step 2.)

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Step 2: Think about what you're good at

Think about what you’re good at. Do you have any special skills or expertise that could help people? You can start by making a list of everything you enjoy doing, from baking to playing football. Then think about whether any of these things could be turned into a business idea. For example, if you love cooking and you’re really good at it, why not try starting your own catering company? Or if you’ve always been great with kids, consider babysitting as a side hustle. If you’re interested in something but aren’t sure how to turn it into a business, do some research online. There are lots of forums where people talk about their businesses, so get involved and ask questions. Try to find out what kind of demand there is for your product or service, who might want it and how much they might pay for it. This will give you an idea of whether it’s worth pursuing further. If you decide to go ahead, make sure you know exactly what your business idea is before moving on to step 3.

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Step 3: Where can you apply this?

Where can you find opportunities for your side hustle? For example, what kind of side business could you start that would make use of your natural skill set (such as writing or graphic design)? Make a list of all possible ideas. If there’s something you’re particularly interested in, go ahead and put it at the top of your list! Don’t forget to include things like babysitting, dog walking, house cleaning services and so on. You never know where you might find an opportunity to earn some extra cash. When making your list, don’t just think about income potential—also consider other ways you can benefit from starting a side business. What new skills will you learn along the way? How will starting a side business help you build connections with others in your industry? Will you be able to spend more time with family and friends if you have less work commitments outside of your 9-to-5 job? By considering these questions, you can begin to see how side businesses are often much more than just a source of additional income—they’re also valuable vehicles for self-improvement. Once you’ve made your list, it’s time to do some research. Pick one idea from your list and do some research online to get started.

Step 4: Create a proof of concept for yourself

If you think you might have a viable business idea, now’s the time to create a proof of concept. This is your first attempt at creating something that shows potential customers what you can do for them and how much it will cost. It should be as simple as possible and no more than two or three pages long. For example, if you want to start a dog-walking service, you could write up an estimate of how many dogs you expect to walk each month and what their rates would be. Or if you want to start a tutoring company, you could put together a short proposal outlining how much money you’d need to get started and how much each student would pay per hour. The goal here isn’t necessarily to sell anything yet; it’s just to show people that you know what you’re doing. You don’t even need to spend any money on it—just use whatever materials you already have on hand. Make sure you include all your contact information so interested parties can reach out to you directly. Then share it with friends, family members, neighbors, classmates and anyone else who might be interested in learning more about what you’re doing.

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Step 5: Give it a try!

Once you’ve found a side hustle that appeals to you, try it out. If it doesn’t work for you or if you don’t like it, move on. There are plenty of other opportunities out there. But when you find something that works, run with it! And remember, it’s okay to change your mind later and switch up your hustle. It’s all about finding what makes you happy and doing what works best for you. You deserve it! A Guide To Finding Your Perfect Side Hustle The Pinch Penny Plan
1What is my passion? _________ 2) What do I have experience in? __________ 3) What can I offer others? ___________ 4) How can I market myself effectively? _______ 5) Give it a try! ____________________ Remember, everyone’s journey will be different. Don’t compare yourself to others and don’t feel pressured into finding your perfect side hustle right away.

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