Find and Create Your Own Side Hustle
Do you have a passion or an idea but you don't know how to get it started, ] and where to start? Do you have a full-time job and you think you don’t have free time?
The answer for you might be to start with a SIDE HUSTLE.
A side hustle is a project or venture undertaken in addition to your full-time job or study.
Having a side hustle gives you security, reassurance, diversity of income, and most importantly, it gives you the possibility of something more than just a 9 to 5.
We always live running between work, family and duties, it's difficult to find the time to work on our passion.
In this article, I will explain how to exploit your free time in the best way and where to start your side hustle.
Before giving you some tips, I want to tell you the story of Alex Drysdale.
Alex was a long-time fitness geek; he liked his work, but in the last period of his life he began to feel the desire to create his own thing, to become the owner of his own destiny.
One day he was scrolling through social media when he saw an article about protein bars made with insects. He had been looking for a business idea that would promote environmental sustainability and a light bulb went off.
Today his company, Crik Nutrition, sells chocolate and vanilla-flavoured protein powder made with crickets and does six-figures in annual sales. This was his side hustle that turned into a mega business.
Here are five tips that you can apply to find your side hustle.
1. Identify your skills and areas of interest
Pick something you are passionate about.
Business is nothing more than a format for channelling your skills, experiences, abilities and interests into a neat little package that helps people accomplish something meaningful.
Your side hustle will only succeed if it is something you love to do and something you are good at. Your side hustle must be based on relevant skills, experience or industry knowledge. You have to ask yourself what makes you happy? what intrigues you? and what are you passionate about? Take all the time you need to find your skills and your business idea: remember that this idea (and how you will realise it) could turn into your future success.
2. Make a plan
The next step after your figuring out your skills and areas of interest is to create a plan.
Majority of successful businesses invest a long time creating a solid plan. This plan, in turn, becomes your goals, and expresses the results that you want to achieve in a given period.
When you have your project well identified and a direction to go, it will be easier to work on an idea that you want to be successful. To make your larger goals happen, you need to start with tiny, incremental goals. Take your large goals and break them into smaller, easier to manage steps that will help you achieve the larger, more complex goal.
Think for example of your customers. Your goal might be to have 100 customers after 12 months but you will need to work towards that number as it won't happen overnight. After bringing on one satisfied customer, it's time to get your second; then your third, fourth, fifth and so on. Aim for 10 then 20, 50 and 100.
It is essential to have specific, realistic and achievable goals that you can achieve within your pre-defined period. You should have your objectives attainable on a daily, weekly and monthly basis to help you develop positive habits and train yourself for success.
3. Ask for help and talk with experts
Don't do everything alone and include as many people as possible to have all the possible advice right at your fingertips. People and informal advisors could help you to remain on the right track and avoid mistakes. Nothing is more inspiring than surrounding yourself with other people; overall it is essential to talk with experts who could enhance your skills and your knowledge.
The value here is that there is strength in numbers. By collaborating with others, you can usually find ways to get things done faster and more effectively. I'm not only talking about professional skills (which are important) but even the ability to work in a team.
It is very important because you won't be able to do everything yourself and the success rate of your project will significantly increase. Also, it makes it more fun. If you create an efficient group, it could be the best way to have success.
It is also useful to have feedback from the others because without feedback you will expose your side hustle to the severe risk of failure and possibly miss out on receiving valuable information.
4. Do a market research
You must understand your market. You have to know the market in which you will create your own thing.
To understand your market, you will want to learn about your competitive environment and what other people and companies do in your chosen area.
A quick way to research is to speak with your friends and your acquaintances (also your virtual friends, on social networks, like Facebook and Instagram) and test your idea. Assess their reactions and ask, as much as possible, what their main problems are and the possibilities for how you could improve.
5. Learn how to be efficient with your time
It is essential to know how to find time even when it doesn't seem to be there if you want to create a successful side project.
Most people have time but you need to de-prioritise things that aren't essential to your success. Watching Heartbreak Island every night isn't going to accelerate your idea into a profitable side hustle.
If you really want to take your passion and turn it into a side hustle you will need to make sacrifices.
Obviously, you can be flexible and adapt your schedule on a daily basis, just remember to get things done from your task list and instill some discipline.
The people who have managed to turn their side hustles into their principal work are the ones who work after work, during the weekend or stay up late.
You can also optimise your time in your daily job, for example, don't have too much downtime so as not to risk overtime and leave you more time to do your own thing. In the end, it is not the full-time that blocks your idea but is how you exploit the time you have to design it.
I hope this gives you a better understanding of how you can start your side hustle. If you want some guidance on the next steps, download the FREE START SMARTER GUIDE: The 7 steps to validate a business you are passionate about.