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A recent study showed that 44 percent of workers have a side hustle in addition to their full-time job. A side hustle can be anything from freelance work to starting your own business. If you’re thinking about quitting your job and starting a side hustle, here are some tips to help you get started.
Introduction
You’ve got a great idea for starting your own business, and you want to quit your day job. But how do you go from thinking about quitting to actually quitting? Answering that question is the first step in starting your own business.
Reasons to Quit your Job Through a Side Hustle
There are many reasons why you might want to quit your day job. Here are three of the most common:
- Desire to be your own boss. You’re tired of being told what to do and when to do it.
- Desire to have more freedom. You want to make your own schedule, work when you want, and travel when you want.
- Desire for a better lifestyle.
How to Start a Side Hustle while Still Working
Quitting your day job to start a business is not something that you should do overnight. It’s important to have a good plan and some money saved up before you take the leap.
Different Types of Side Hustles
The first step in starting a side hustle is to decide what type of business you want to start.
Here are some common types of side hustles:
Freelance Writing
Freelance writing is one of the most common side hustles. This can be anything from blog posts to copywriting, with many different types of freelance writing jobs in between.
Blogging
Blogging is another side hustle that many people try. If you can start a blog and get high enough traffic amounts, you can potentially earn money from ads on your site or other monetization methods.
Graphic design
Graphic design can be done through an online service like Fiverr, or by freelance by creating gigs. Common graphic design jobs include creating logos, custom graphics for business, and creative designs for people that sell t shirts as an example.
Teaching Online
One of the most popular side hustles as of late is teaching online. This involves creating a course and selling it to your interest group.
Photography
Another side hustle that is growing in popularity is photography, particularly for weddings and events.
Selling Products Online (Etsy, Amazon, Etsy)
If you have an artsy, craftsy, or creative side, you can sell your products on Etsy.
This is a great way to make some money as a side hustle as it is easy to set up and has low overhead costs.
You can also resell physical products on Amazon and Ebay, or create your own brand with while label products from China.
Online marketing, SEO, Social Media Management (SMM), etc.
Online marketing and social media management is another popular side hustle, particularly as a a digital marketing agency.
You can locate businesses that need help with their digital presence and do the work yourself or resell services to scale your business faster.
What to Do When Your Side Hustle Takes Off
Once you’ve made the leap to full-time entrepreneur, your next challenge is learning how to manage your time. Being self employed takes discipline and consistency to be successful.
Conclusion
There are tons of opportunities in the gig economy, but they’re not easy. You’ll have to put in plenty of hard work before you see any results. It’s best to start with a part-time side hustle while figuring out if you like it and if you can make enough money to grow it over time.