What you need to know about side hustles

What is a side hustle?

A side hustle is essentially any job or business that you pursue in addition to your main employment. It’s a flexible way to earn money, often allowing you to work on your own terms and schedule. Side hustles can range from small gigs, like babysitting, to larger ventures, such as freelance writing or launching an online store. The beauty of a side hustle is that it can align with your skills, interests, and lifestyle, making it a personal and often fulfilling experience.

Reasons to start a side hustle

There are many reasons why you should start a side hustle, but lest break the most important ones:

Financial boost

The most common reason for starting a side hustle is the potential for additional income. Whether it’s to save for a major purchase, build an emergency fund, or simply have more disposable income, extra cash can provide significant peace of mind, especially in uncertain times. 

Pursue your passion

A side hustle provides a great opportunity to pursue your interests and passions beyond your regular job. Whether you’ve always wanted to write, create art, or teach, it can help you turn those passions into profit. It also allows you to explore these interests with minimal disruption or commitment.

Develop new skills

Side hustles can also be a fantastic way to develop new skills that may benefit your primary job or future career. For example, if you take on freelance work, you might improve your writing or marketing abilities, making you more valuable in the job market. All the skills and experience you develop can also be added to your resume, helping you appear more desirable for future employment opportunities.

Networking opportunities

One cool thing about side hustles is that people often forget they can expand their professional network like crazy. Every project introduces you to new people who might change your career path in ways you never expected. That person you’re doing freelance work for? They might end up offering you your dream job, or become your next business partner. The connections you make on the side often turn into something much bigger than just extra income.

Flexibility and independence

Many side hustles offer the flexibility to work when and where you want. This independence can be incredibly appealing, especially for those with families or other commitments. In a similar way, it can be very beneficial to anyone with disabilities (visible and invisible) or mobility issues. 

Do you need to pay tax on your side hustle

You may also be eligible to claim certain deductions related to your side hustle, such as expenses for materials, advertising, or equipment used for your work. It’s important to keep accurate records of your earnings and expenses throughout the year, as this will make tax time much easier.

Side hustles you can start

Now that you’re familiar with the basics, let’s look at some popular side hustles that you can start right now.

Freelance writing

If you have a talent for writing, there are countless freelance writing jobs available to explore. Freelance writing can be a lucrative side hustle. You can write articles, blog posts, or even marketing content for businesses. One of the best perks is that most roles are remote and autonomous work, reducing the pressures of traditional office culture and extensive socialising.

Tutoring

If you know your stuff in a particular subject then turn that knowledge into cash by offering tutoring services. These days you can teach anyone, anywhere – whether that’s at your local library or from your couch via Zoom. Finding students is pretty easy too just list yourself on tutoring websites or put the word out in your community. Parents are always looking for good tutors to help their kids get ahead.

Housekeeping/cleaning services

Many people are looking for help with cleaning their homes. If you enjoy cleaning and have a keen eye for detail, starting a cleaning service can be a straightforward way to earn extra cash. Advertise your services on social media or local community boards.

Babysitting or pet sitting

If you enjoy spending time with children or pets, consider offering babysitting or pet-sitting services. These gigs often allow for flexible hours, making it easier to balance with your main job. Websites or local Facebook groups can help you find clients.

Online selling

With online platforms and marketplaces, selling handmade crafts, vintage items, or second-hand goods can be a fun side hustle. Who knows? Maybe you own a rare (and expensive) item you didn’t know you had, or maybe you want to get rid of some old furniture that someone has been searching for their whole lives. Either way, there are lots of ways to engage in this side hustle. 

Delivery services

If you have a car or a bike, consider joining a delivery service. These platforms offer flexible hours, allowing you to work whenever it suits you. Besides, you can enjoy beautiful views as you’re earning extra money. 

Conclusion

Look, getting started is usually the hardest part of any side hustle. But if you choose something you love doing, stay on top of the basic stuff like taxes, and give it a real shot, you might surprise yourself. The extra money is great, but the best part? It could open doors you never even knew existed.