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MONEY MANAGEMENT

How to Start a Side Hustle

Times are hard, especially during the COVID-19 pandemic. More people are unemployed this year than in the years after the Great Depression.

However, there is always time to start a side hustle to help you get the cash you need.

With some of these side hustle ideas for 2021, you can make a little extra cash and possibly begin to replace your current income. This helpful guide will help get you started!

Step 1: Brainstorm

The first thing you need to do is begin brainstorming possible side hustle ideas for 2021.

You want to think of unique side hustles that are not only mentally engaging for you but also will interest potential customers or clients to purchase your goods or services. This will help you grow a client base that keeps returning to support your side hustle!

Some great examples include beginning an Etsy store for your arts or crafts, selling resume or cover letter templates, and many other freelance endeavors.

Step 2: Think About Your Business Brand and Model

You want your side hustle to stand out. Whether your brand is you as an artist or a company you think up, you need to know how to stand out. Think about marketing your side hustle on social media to help you stand out and reach potential customers.

With a side hustle, you also want to have a clear idea of your business model. Make sure you prepare for periods of stagnation.

Step 3: Training

If you want to start a side hustle, one of the best ways to do it is by getting trained in something you love. From yoga to baking to web design, there are countless ways to use your passion to make money. With the right training, you can become an expert in any field.

Take Tucson yoga teacher training for example. Not only will you learn about the fundamentals of teaching yoga, but you’ll also learn the business side of things. You’ll learn how to market yourself, budget for your side hustle, and manage your time.

All these skills will help you become an independent business owner and start making money. So if you’re looking for a way to make some extra cash, why not look into training for your side hustle? It’s a great way to learn something new, develop your skills, and make money on the side. If you’re interested in expanding your options, you can even learn how to sell credit card processing here.

Step 4: Create Social Media Pages or a Website

Remember what was said about marketing? This is so important for a side hustle. Otherwise, you will not get any customer traction if they have nothing to reference.

When you create a website or social media pages, you show that your business is active and attentive to customer questions and needs. Make your content engaging. If you are working on a low or nonexistent budget, you can create social media or websites for free!

Website creators like WordPress, Wix, Weebly, and more give you the flexibility to create a website without paying upfront (though your URL will share the company name in it). For social media, anyone can create a Facebook, Instagram, or TikTok to start selling products or services.

Step 5: Know Your Pricing

The last important part of starting a side hustle is knowing your pricing. Your products and services are worth something, so don’t sell yourself short! At the same time, you do not want to overcharge either.

A great way to avoid a pricing problem is to offer deals or sale prices when you’re starting out and periodically through your process. Then your customers will be excited to spread the word about your unique side hustles; they will think, “I love it!”

Start a Side Hustle

There is no better time than now to start a side hustle! Start passive side hustles or unique side hustles and begin earning extra cash now.

Want to know more about side hustles in beauty or other areas? Check out the rest of our blog!

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