Saturday, July 2, 2022
Saturday, July 2, 2022
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Top tips for starting a side hustle in 2022

by James Musoba
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Side hustles have become increasingly popular in recent years – and for a good reason. They are an opportunity to earn additional money alongside your regular income, allow you to pursue your passions, and start businesses that could overtake your day job.

However, it is important to separate the practical benefits of a side hustle from the fashionable ‘hustles’ that may not ultimately be right for you.

After all, it is easy to watch a YouTube video or read a LinkedIn post created by someone extolling the virtues of a side hustle and how it made them eye-wateringly successful, then try and copy them. While tempting, it will rarely result in replicated success.

Instead, if you want to start a side hustle, then you should look at your unique skill set and circumstances, then mold the hustle around it.

This way, you will both stand a better chance of making it a success and have fun doing it.

To help you start a successful hustle, here are a few top tips:

Find a way to earn money from your side hustle

The first and most obvious tip you should consider when starting a side hustle is to work out how you can generate money from it. Many people enjoy hobbies and activities in their free time, but what sets a great side hustle apart is that it contributes to your monthly income.

For example, you could learn how to start Forex trading, which you can do at https://www.plus500.com/en/Trading/Forex. This is a great way to potentially earn some additional cash while learning important lessons about investing and global currencies.

This does not mean that you should dedicate yourself to a side hustle which is a pure money-making scheme, rather than something you are interested in. If you aren’t curious about your side hustle, then you won’t stick with it for very long. 

Work on your side hustle a little, but often

A side hustle shouldn’t have to take up much of your day. It is a project which can slot easily into any free time you have – most commonly in the evening after work.

If it starts to take up more time than this, then it will quickly dominate your life – which defeats the point of a side hustle. Therefore, try to be patient when building a side project – working on it little but often, without trying to achieve too much too quickly.

A side hustle stands the most chance of success when you aren’t desperate for it to work. If you need money immediately, then you are likely to put too much pressure on yourself to make it work, and the project will fall apart.

A side hustle works best when you are passionate about it

As mentioned earlier, it is best to choose a side hustle you are actually passionate about. Perhaps you enjoy cooking cakes in your free time – this could turn into a modest baking business.

Alternatively, if you have a passion for languages and other cultures, you could become a language teacher on the side.

If you don’t have these existing skills or interests, then you can still start a side hustle, but you may find it harder going.

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