Saturday, May 23, 2020

The Right Home Office To Perfect Your Side Hustle

The Right Home Office To Perfect Your Side Hustle You need a side hustle. You’ve already got a passion and an idea. Now it’s time to turn your inspiration into extra income. Job security is at an all time low and no matter what you do, it’s unlikely that you’re going to have a single, full-time career for your whole life. It might be a lay-off, it might be your own choice, but at some point in your life you are probably going to work in the gig economy, hustling to pay your bills and find new clients. You Need Extra Income The biggest reason people start their own side hustles is because they need extra income. Not only are wages stagnating while the cost of living keeps going up, especially in major cities where rent is gobbling up a higher percentage of income every year. Gone are the days when the 30 percent rule was relevant. Add student debts or the cost of childcare and it can be tough to make ends meet with one job alone. There’s also another good reason to add an extra income. A side hustle makes you more financially resilient and less reliant on your employer. When you have a side hustle, you’re not risking everything on one job. Get Started Now The time to start is now. Take your idea and put it into action. Start with market research. Are there customers out there hiring people offering similar services or buying similar products? Do you need to appeal to a broader market or do you need to specialize to stand out from the crowd? When you first start, you may need to make adjustments as you go along. When you start your business as a side hustle, you give yourself more risk tolerance. You’ve got room to learn from your mistakes. Brand Yourself Get your website up and running. Make profiles on any third-party websites that are popular with people buying what you’re offering. Find a name for your brand that’s memorable and that communicates the right message, whether that’s authoritativeness, trustworthiness, or creativity. Optimize Your Home Office When you’re working on side hustle from home, you need a workspace that’s optimized for productivity. After a long day at a regular job, you need to get back into the zone to focus on your own business. Get a new desk where you’re comfortable and that facilitates that kind of work you’re doing. You need desk drawers that facilitate multi-tasking and getting multiple projects done simultaneously. You’re going to need a great desk chair that won’t leave your back hurting every day. And you need to implement a decluttering regime to keep yourself focused at all times. Side hustles shouldn’t take all your free time away from you. But you’re going to have to learn how to be more productive than you’ve ever been at the office. Don’t Look Back Learn from your mistakes, always evolve your business, but never look back. Once you start earning extra money with your side hustle, you won’t regret missing out on all those evenings you could have spent binging Netflix. It’s a new way of life for a new economy. You can get your side hustle going right away. Never let a day go by where you don’t put energy into your passion project.

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