More and more people are starting their own side hustle to keep up with the rising cost of living. Some of these may have been well thoughtout in advance, but many are simply started on the spur of the moment or out of desperation. Nothing is wrong with this, but it will mean that it comes with its share of frustrations.
If your new side hustle is going to thrive—or even just survive, however—you will need to address these frustrations as soon as possible. That way, you are not wasting your time on the little tasks, but can instead concentrate on the bigger picture, like generating the extra cash that your side hustle was created to do.
Here are some tips on running an effective side hustle.
Get Organized
You may have neglected this step at the start, but it is now time to get everything in order so that you can progress without too many hiccups. The first concern here is finding a space to work on whatever your side hustle entails. You need to work out in what kind of area you need to be able to work efficiently and try to identify somewhere that fits the bill. This could be a spare room where you live orutilizing unwanted garage or basement space.
If the space you need has to be rented, you need to factor these costs into any business plan you happen to have or into the price of the product or service that you will be offering.
Get Reliable Internet
One frustration that many people in your position share is that of slow internet speeds. It is bad enough to be frustrated when a YouTube video takes time to load, but another issue entirely when your financial future could well depend on it. Not only that, but you might also find that your current provider cannot meet the additional demands that your side hustle puts upon it. To solve this problem, you should search for a reliable internet provider near Los Angeles(or wherever you happen to be)and enjoy the benefits of being able to work uninterrupted.
Look at Your Time Management
Now you have found a space to work and have a reliable internet connection, you need to make the most of your time. It can be very frustrating to know what you need to do, but not be able to do it because of family commitments or your full-time job. You might find that the best strategy here is to allocate specific blocks of time to your side hustle each day—or on days when you are free. Be realistic about these, so you are not setting yourself up for failure and end up adding more frustration.
To-do lists can come in very handy here, and you can allocate certain tasks to certain blocks of time. Some of these will need to be done regularly; for instance, packing up and sending off orders. Others, such as researching new products, will need to be done less frequently and could be scheduled for a spare hour or so once a month.