Side hustle jobs are gaining momentum as more people seek ways to make extra income. According to a Forbes article, side hustle jobs are prevalent among younger generations, with 48% of Gen Z, 44% of Millennials, 33% of Gen X, and 23% of Boomers engaging in side hustles.
So why are side hustles from home on the rise, and what drives people to pursue them?
People look for side hustle jobs for a variety of reasons—sometimes, it’s to compensate for a shortage of income, or it could be driven by a passion for a particular field. Many individuals realize they need a side hustle when their primary job is insufficient to cover their financial needs or fulfill their ambitions.
Whether you’re looking to pursue freelance jobs or entry-level remote jobs, considering some key factors can help you succeed in your side hustle.
Planning Your Side Hustle
The first step in launching a side hustle is planning. Here’s how you can set yourself up for success:
- Define Your Purpose and Objectives: Why are you looking to start a side hustle? Is it purely for financial gain, or are you pursuing something you’re passionate about? Knowing your purpose will help guide your decisions.
- Identify Your Target Audience: If you’re offering services, knowing who you want to work with is essential. Are you targeting businesses, individual clients, or a niche market?
- Choose The Skills You’ll Offer: The skills you bring are critical to your side hustle’s success. Whether it’s graphic design, writing, social media management, or programming, make sure your skills align with what your target audience needs.
- Establish an Online Career Profile: Ensure that potential clients can easily find you, especially online. While it may not be necessary, having a strong online presence gives you a significant advantage in building your brand. Start by creating a profile on a job platform like Bossjob, where employers can discover your skills and expertise.
Managing Your Time
Balancing a full-time job with a side hustle can be challenging. Do you have enough extra time for a side hustle job? Effective time management is key to maintaining a work-life balance, especially if you already have a full-time role.
Consider trying entry-level remote jobs that allow flexible working hours. These types of roles give you the freedom to manage your workload and make money on the side. Otherwise, you end up overwhelming your schedule.
Aligning with Passion
A side hustle should be something you’re passionate about. When your work excites you, it’s easier to stay motivated. According to a survey by AXA, reported by BusinessWorld, 87% of Filipino professionals experience work-related mental health issues.
If you only think about having an income, it becomes more exhausting and more pressure will push you to the edge. Therefore, pursuing a side hustle you enjoy can help mitigate burnout while allowing you to achieve personal and financial goals.
Funding and Resources
Before diving into side hustle jobs, assess whether you’re financially prepared. Do you have the resources to fund another job, whether it’s for equipment, software, or marketing?
Seek out freelance jobs that fit your budget and don’t demand a large upfront investment. Be cautious of opportunities that require any form of cash investment, as scams have become increasingly prevalent in the job market, especially with the rise of digital transformation. Stay vigilant and do thorough research to ensure that the side hustle you choose is legitimate and aligned with your goals.
Legality
Above all, it’s essential to ensure that your side hustle job complies with legal regulations. Make sure there’s no conflict of interest with your current employer, especially if you’re bound by contracts or non-disclosure agreements.
In the Philippines, House Bill 6718, known as the Freelance Workers Protection Act, ensures freelancers are treated fairly under the law. Be informed of the legal requirements applicable to your side hustle.
Conclusion
Managing a side hustle requires careful planning, time management, and passion. While there are many benefits to making money on the side, you need to balance your workload to avoid stress and burnout. Enjoy side hustle rewards with the right strategies and concrete planning.
As Jeff Haden said, “Be great at two things: Your full-time job and your side hustle.”
Browse new opportunities on Bossjob that offer freelance gigs and entry-level remote jobs powered by AI, making it easier to find the right match for your skills.
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