Morne Patterson – Why Not Start Your Own Side Hustle?

1. Morne Patterson – Why Not Start Your Own Side Hustle? Side hustling can be a great way to earn extra money. Although your primary source of income may not allow you to work multiple jobs, having a second source of income can make a big difference to your life. Not only this but introducing a side hustle means that you apply more entrepreneurial thinking which often leads to you branching out and running your own small business. What is a Side Hustle? The term side hustle is pretty much what it says, a business that is the “side hustle” of a person and not their main source of income. In the past the term was mainly used for a second job which generally represented a hobby. Today it is often used for any business, outside of the primary job, and regularly forms a significant portion of one’s income. Many side hustles begin when people focus on converting their passion into a business to supplement their income. Why Should You Create an Alternative Source of Income? There are many benefits of creating an alternative source of income namely – Financial independence: A side hustle can provide a significant boost to your income which can be helpful in achieving your financial goals, paying off debt or building up a solid personal investment portfolio.

2. Diversification: Having a side hustle allows you to diversify your income streams. If you lose your main source of income, you'll still have your side hustle to fall back on and relief pressure. This can provide peace of mind and reduce financial stress. Flexibility: One of the biggest benefits of a side hustle is the flexibility it provides. You can work on your side hustle outside of your regular work hours, meaning that you can maintain a steady income during after-hours while still enjoying the time used pursuing your passion. Skills and experience: Gain valuable entrepreneurial experience. You'll learn how to manage finances, market your side hustle, and build relationships with customers. These skills can be useful if you decide to turn your side hustle into your full-time small business, or if you want to take on leadership roles in other areas of business. Passion: A side hustle can allow you to pursue your passions and interests in a way that your main job may not. For example, if you work in a corporate job but have a passion for photography, you can start a side business by offering wedding photography services over weekends. This can allow you to do work that you love and make money at the same time. This often leads to improved stress levels and better time with family and friends. Side Hustle Ideas Below are 3 practical side hustle ideas – Freelancing: Freelancing is a great way to make money on the side and take on new projects by offering services to clients. And what’s great is that you don’t have to be limited to working with one client. There are a number of great online freelancing platforms, such as Fiver and Upwork, which give you access to large audiences. Blogging: If you have a talent for writing and a passion for a particular topic, you can start a blog and earn money through generating traffic to your blog and earning money from platforms such as Google. Blogging can be a long-term profitable investment if you build a strong following. Teaching or tutoring: Many of us like to teach but have no formal education in this regard. If you have expertise in a particular subject, you can offer your services as an online tutor by finding clients through platforms such as Wyzant. Conclusion If you have a passion, but you don’t have the time to fully pursue your passion, a side hustle can be a great way to earn extra money and pursue your passion in a different way. You don’t have to be an expert in a specific field to turn your passion into a side hustle. And with hard work and perseverance you can turn this into your primary source of income. There are so many benefits of a side hustle, why not support your passion and start your side hustle today.