What Exactly Are Side Hustles?
Side hustles are money making opportunities beyond your normal “day” job. In a different generation, they might have been called side jobs or side gigs.
Traditionally, they have often been things like second jobs or picking up part-time shifts somewhere. However, in the gig economy of the 21st century, side hustles are increasingly freelance based work.
If you’re a freelancer, you know it is an ultra-competitive environment. That’s why it’s important to find and develop your skill set. To do that, you will need to brainstorm about what your skills and interests are.
Side Hustle Ideas Can Come From Anywhere
The good news is it is easier than ever to find and market niche skills you may have. You just need to be creative to identify what you value you can provide that other people will pay you for providing. It really is that simple.
Side hustles might be in your career field or totally different. They can be online or in person, and they can be manual labor, intellectual work, or even passive income streams.
How to Find Your Best Side Hustle Ideas
One of the cool things about side hustles is that almost everyone is, or could become, good at several things. There are several different ways you can go about finding your niche side hustle ideas.
Here are the three most common areas people find success in building profitable side hustles:
Use A Current Skill Set
You might be surprised by the level of demand for a skill set you already have, though you may have to be creative in studying what other similarly positioned people have done to become successful.
Spending some time networking with people with similar skills can help you get a better feel for what opportunities are out there.
Establishing and building relationships with people who have a need for your unique talents is often even more effective.
Develop A New Skill Set
Even if you don’t perceive you have a unique ability to meet someone else’s need, there’s probably something you could learn pretty quickly.
For example, my wife and I have been looking into new flooring recently, and people around here generally charge $2 dollars and $3 dollars a square foot to install it. Installing flooring professionally takes skill, but it is the type of thing you might be able to learn pretty quickly with the right mentoring.
I recently read a story about a woman had an interest in learning about digital marketing. She quickly learned the ropes and began to leverage platforms like Commission Hero Pro and CJ Affiliate to market affiliate products. Her new online skill set quickly paid dividends and she eventually transitioned to online marketing as a full-time business.
Convert A Hobby into A Side Hustle
It’s also possible to turn a hobby into an opportunity to make additional income.
Do you like drones? There is huge demand for the type of work commercially licensed drone pilots can do. In a day on a website like LinkedIn, you might be able find multiple clients whose businesses you can add value to by getting capturing high resolution footage of things like land for sale.
Building The Perfect Side Business
Whether you have side hustle ideas or you plan to develop your side business ideas into something more formal, all it takes is time and effort. Start small and build relationships with people who can help you market and sell your unique products and/or skills.
Who knows? Eventually, your side hustle may end up replacing your “day job” as your main source of income. Even if you’re just saving up for something like buying a new car, side hustles can be a lucrative way to get there.