5 Ways to Get Rich from Your Side Hustle
You love your side hustle but hate your job. But you can’t (or won’t) quite as there is the little matter of your full-time job as this probably pays most of your bills. Then there is the challenge of turning your passion into something lucrative.
While you might think this is an impossible task, an increasing number of people are deciding that their labor of love is what they want to do for a living. With that in mind, here are five ways to get rich from your side hustle.
Set Boundaries and Get Enough Rest
Transforming your side hustle into something more than a side hustle requires the ability to set boundaries and get enough rest. In terms of setting boundaries, it could be as simple as structuring your day to be the most productive or could be the idea of knowing what you can and can’t do. The latter will help to make sure that you never overcommit on an assignment which might not be the best fit for you and your skills.
Meanwhile, getting enough rest will ensure that you can always give your best. As such, know yourself and how many hours of sleep you need every day and also know what activities help to recharge your batters. In doing so, you will always be ready to give your best no matter what is asked of you.
Don’t Stress It
Building your side hustle into a career takes time and patience. As such you need to have a plan and follow it as best as possible. Granted, there will be times when you don’t hit your targets but don’t stress it. Instead, look at what works and what doesn’t work and learn from both. Only in this way can you grow your side hustle into something much more rewarding.
For example, if you are just starting out as a blogger don’t expect that your audience will go viral overnight. Sure, a slim minority of bloggers get to experience the euphoria of being the talk of the internet but what goes up must come down.
According to Brittany Watson Jepsen of powerhouse DIY craft blog, a good start would be to “know what your content should be and who your audience is”. While you might not get it right the first time, don’t stress it just keep trying and hone your message until it resonates with your target.
Invest in Yourself
It might be upskilling, or it could be a spa day, either way, invest in yourself – after all, you are key the piece of the puzzle when it comes to getting rich from your side hustle. Beyond taking classes or taking a day at the beach ways to invest in yourself include finding a mentor or even joining a community of likeminded people in your area. Both of which are great ways to expand your horizons and get the experience you need to build your side hustle into your sole source of income.
Don’t Be Afraid to Say No
Saying no can be scary but it is also powerful. By saying no more often, you are taking control of your own path. Sure, this can be painful as you might really want the money but there are times when the fit with a client just isn’t there.
As such, the only real option is to take control of the situation and set the terms by which you will work. Doing so will lead to greater enjoyment in what you are doing, and it will help you to build a great reputation – not for being negative but for knowing exactly what you will and won’t do.
Demand the Best from Yourself
There are no shortcuts when it comes to building your side gig into a career. In fact, it is often a harder road than a steady office job. However, there is a sense of accomplishment when you sign a new client or go the extra mile on a project that can only be found when you are working for yourself.
As such, you need to demand the best from yourself everyday day as this is the only way you can grow your legion of followers, satisfied clients, and finally your business.
For many having a side hustle is a way to gain financial freedom but this doesn’t mean it will be easy. If you want to get rich, then set boundaries and get enough rest, don’t stress it, invest in yourself, don’t be afraid to say no, and lastly demand the best from yourself.