Five Reasons Why You Need A Side Hustle

Research shows that in America, about 44 million people have a side hustle, why? Side hustles provide Americans with extra income, so they can pay off their debt faster and build up their savings. Over the past five years, side hustle’s have gained in popularity among young adults. It will continue to increase in popularity as more and more people find a side hustle to make extra money.

A side hustle does not mean you have to start a business from scratch but instead find a consistent avenue that allows you to make an extra $300 – $400 a month. Ultimately, a side hustle is about growing personally, improving your skills, and making more money. Whatever side hustle you choose, it is all about finding your passion and following it. If you are serious about making extra money, then consider these five reasons for starting a side hustle.

1. Earning Potential

Undeniably, a side hustle can and will be profitable if you find the right one to start. A side hustle may vary from freelancing, starting a business, becoming a marketer, or even launching a podcast. Before you commit yourself to side hustling, make sure you know your strengths and weaknesses. For immediate success, make sure your side hustle revolves around your strengths.

2. Networking

Whether you are launching a podcast or advertising your skills as a freelancer, starting a side hustle allows you to network and meet new people. Networking makes you noticeable; it creates an avenue for fresh opportunities and will enable you to foster new relationships. Who knows, these new relationships could land you a new full-time job or will help you land your next client as a freelancer.

3. Learn New Skills

The best part about starting a profitable side hustle is the fact that you will learn new skills. Depending on how much money you earn, you will most likely become a small business owner. Regardless if you are a freelance writer, a blogger, or a podcaster, you will learn new skills. From filing legal documents with your State to purchasing business insurance, hiring others, and everything in between – these are all valuable skills. These are useful skills that will make you more marketable in the workforce. Remember, the more value you provide to your clients or customers, means the more money you will make from your business venture. Your innovation and willingness to learn will pave a path towards life-changing income.

4. Challenge Yourself

Let us address the giant elephant in the room. No one ever said, starting a side hustle was easy. If it were easy, then everyone would have a side hustle. Launching a profitable side hustle is not an easy job. It takes determination and discipline. Challenge yourself with goals that you know you are capable of meeting. These goals can include learning new skills or making a certain amount of money by a specific date. Ultimately, it is the long-term consistency and mindset that fuels a short term breakthrough and success. Starting a side hustle will help you reach your full potential.

5. Make a Difference

You can make an everlasting difference with a side hustle. For example, as a freelancer, you will bring value and a specific skill set to your client that they desperately need to grow their business. As a blogger, you bring fresh new insight to your readers. Podcasters bring expert commentary and comedic relief to their loyal fans. Regardless of what side hustle you start, you will make a difference to at least one person. As a side hustler, you are your own boss. You need to continually innovate, iterate, and add value to your target audience.

Tying it Together: 5 Reasons Why You Need a Side Hustle

Whether you are starting a side hustle from scratch or trying to make money online, you control your destiny. Before you begin, make sure you understand your purpose. With your ‘purpose’ in mind, you can strategically plan your side hustle launch. Enjoy the ride and challenge yourself to learn as many new skills as possible. Success does not happen overnight. It takes time!