More people today than ever before are launching a side hustle with the idea of earning extra money. Furthermore, many of these people are also hoping that the money from their side hustle will one day replace their day job.
Before you go all-in on a side hustle, it’s important to answer this question: which opportunity is best for you?
In other words, don’t choose just any side hustle. Compare all your options to ensure that you choose the one that aligns with your goals and interests.
Here are five steps you can take to find the perfect side hustle:
1. Make a list of ideas
Start with a list of ideas. Compare the pros and cons, share general thoughts on each one, and slowly begin to cross off the “losers.”
2. Research, research, and research some more
Take your shortlist and gather as much information on each idea as you can. Online research can turn up all the information that you need. Take your time to ensure that you don’t miss anything of importance.
3. Talk to people in the space
This may be easier said than done, but talking to people in the space will give you a better understanding of what you’re getting into. A good place to start is LinkedIn. You may find that you have people in your network who work in the niche that you want to join.
4. Set a target start date
Without this, you may find your search dragging on. Set a target start date so that you get up and running as soon as possible. Don’t delay. Taking the first step is often the most difficult. Just go for it!
5. Try it out
It’s okay to try out a side hustle to see if you like it. If you’re on the right track, keep pushing forward. But if you’ve made a mistake, step back and reconsider what to do next. Sometimes you have to try an idea in order to realize if it’s right for you.
Take the five steps above if you’re on the prowl for the perfect side hustle. It may take you some time to find the right one, but don’t give up. You’ll soon find what you’re looking for.
Do you have a side hustle? Do you enjoy it? How did you find it and what advice would you give to others for doing the same?