- Selling your services
- Selling products
- Selling your time
- Costs to consider
- Pros and cons of turning your side hustle into a business
- The bottom line
Selling your services
Platforms for freelancers
- Bath and beauty products, such as bath bombs and soaps
- Cross stitch patterns and/or completed cross stitch projects
- Knitted blankets, hats, or other accessories
- Plants that you’ve propagated
- Faux floral designs
- Custom woodwork, such as signs and cutting boards
- Pet bandanas, collars, and leashes
Platforms for sellers
Selling your time
- Virtual assistant – organizing someone else's days, booking travel arrangements, and taking care of the business they don't have time to do. This could eventually lead to a service you provide to multiple people
- Ridesharing – Use your free time to drive for Uber or Lyft, whether it is transporting people or delivering food. Drivers control their schedules and, in some cases, find the work so lucrative they can leave their day jobs and become a full-time driver who controls when and where they want to work.
- Teaching English as a second language – Virtual teachers are in high demand and your hours can be spent helping others learn to speak English. This work can also lead to full-time careers teaching. Some educational systems will hire full-time teachers and cover living expenses for those who move to foreign countries for in-person work, which could also lead to a career that involves travel.
- Babysitting or dog sitting – People who are busy need help with their children and their pets. Enough so that you could become a full-time dog walker and care for pets while others are traveling. Full-time nanny positions may not be the route you are interested in but with enough babysitting services, you may find yourself in a position to open a childcare center over time.
Platforms for selling your time
Costs to consider
Pros and cons of turning your side hustle into a business
- Turning your side gig into a business can allow you to turn your passion into a full-time profitable business.
- Running your own business allows you to set your own schedule, in most cases.
- You can decide how often you want to work.
- You can set your own prices for your services or products.
- Building a lucrative side hustle can be very time-consuming, especially if you’re doing it while working a “day job” or even a part-time job.
- You may need to spend money to buy supplies and set up your online platforms before you make any money.
- Your income will most likely not be reliable or steady, so you’ll need to account for fluctuations instead of expecting a steady paycheck.
- There’s no guarantee that your side hustle will turn into a profitable business in any certain amount of time, which can be frustrating if you’re expecting results quickly.
The bottom line
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