Everyone desires to have an additional income but few know how to start. As a coach, one of common question that I usually get from my coaching clients is “What side hustle can I start?”
Before I share what I think, let me share with you my personal story.
I started my first job earning about 100 dollars only but with bills of over 200 plus dollars to settle every month.
Life wasn’t really easy until I had no option but to hustle on the side during my evenings and weekends to make ends meet.
I started from as simple as tutoring, buying and selling merchandise to colleagues and friends and later advanced to accounting and tax consultancy using the experience that I had gained from my day job.
It was not long that I started to increase my monthly income to meet all my bills plus extra income to save.
I will honestly say that the choice of what to start with depends on many factors. What works for your friend, may not work for you. To some selling comes easy while to others it is hard.
Below, I share 5 Ideas on how you can use what you have to earn money in your evenings and weekends.
1. PASSION OR TALENT.
Everyone has that one talent or passion that they can utilize to earn an extra income. It could be as simple as cooking, blogging, singing, public speaking etc. The great thing with a talent is that it may not require a lot of money since you are your own investment. You may just need to perfect that talent to attract the right clients who will pay you for what you hold.
2. JOB EXPERIENCE.
There is a lot that we have learnt from being employed by other people. Am an accountant and one of my main side incomes is from helping small businesses with their accounting and taxes. If you are a teacher, you can go for coaching or private tutorship, the same with those in the medical field who can offer private services to patients.
3. PEOPLE NEEDS OR PROBLEMS.
You live in a society where there are many people complaining about certain things. What if you just turn these problems into solutions. The most successful businesses have been developed around solutions to problems. If your colleagues in office struggle with snacks at office, why not thinking of making these and deliver to them a you go for work.
4.LEARNING A HIGH PAYING SKILL.
The Internet world has made it very possible to learn skills from just utilizing free platforms like google and YouTube. You can learn a software on high demand like Excel, Canva, Mailchimp, QuickBooks, Facebook ads or any latest digital marketing apps etc. and help clients with services from this skill or teach others the same skill for a stipend.
5. REPLICATE AN EXISTING IDEA AND OFFER IT IN A BETTER WAY.
Whatever you want to do, somebody has done it before. Google and Facebook are your friends. Each time you are on these platforms, you will see many businesses that you can replicate and offer a similar product or service but in a unique way.
No matter the choice of Idea, make a decision to start something, you can start with the small savings you have and create something that you will be bail you out in a hard time when you can no longer earn that salary. Remember this is is your back up plan!
Let me know the comment section or what idea you have used in the past?
To your success,
Coach Samuel Ibanda
Visit my YouTube channel to learn more about Business, Career and Personal Finance
This is powerful samuel
Glad you found value in this Richard. All the best as you create your investments.