Starting a side gig is easier said than done, but that doesn’t mean it’s impossible. In fact, in today’s day and age, there are more opportunities than ever. You simply need to find the one that makes the most sense for you, your current station in life, your interests, and your goals.
Get this: Approximately one out of every three Americans have a side hustle. So, if you decide that 2022 is the right time to dive in, you won’t be alone. If you’re still unsure if 2022 is the right time to start a side gig, here are five questions you can answer to help clear the air:
1. Why are you considering a side gig?
Some people consider a side gig because they want to earn additional income, such as to save for a vacation or retirement. Others do so because they’re looking for an activity that can fill their schedule.
Before you push forward, have a clear idea of what you want to accomplish. You can then lay down a plan for the future. For example, if you’re interested in becoming a part-time esthetician, you should look for employers in your area. It’s also a good time to learn more about esthetician income potential so that you know what to expect in regards to pay.
2. How much time do you have in your schedule for a side gig?
It’s called a side gig for a reason, but you may soon find it taking up more of your time than you expected. And that’s why you should have a basic idea upfront of what to expect. You don’t want to choose a side gig that takes up every last spare minute of your day.
Take a detailed look at your current schedule, make note of downtimes, and then see how a side gig would fit in.
3. What are you most passionate about?
The last thing you want to do is choose a side gig that you’re not passionate about, as it’ll soon lead to burnout. Instead, make a list of things that you get excited talking about and then determine how you can turn it into a revenue-generating business.
For instance, you may be interested in video game consoles, such as the Nintendo Switch. You could start a business selling used games or accessories online. Since it’s something you already enjoy, it’ll never feel like you’re working — and that’s one of the best feelings in the world!
4. Do you have the resources necessary to get started?
The answer to this question depends largely on the direction you take. On the plus side, it’s possible to start many businesses in today’s world with nothing more than a computer and internet connection. You could start a career as a writer or website designer today.
Make a list of all the resources you need to get started. Also, get a better idea of how much it’ll cost to buy these resources, as you don’t want to put unnecessary strain on your personal budget.
5. What are the pros and cons of starting a side gig?
There are both pros and cons of starting a side gig, so you should make a list of both. Don’t talk yourself into believing that it’s all benefits and no potential downsides. This could have you regretting your decision sooner rather than later.
The primary benefit is the ability to earn money doing something you love. But on the flip side, it’s going to take time out of your schedule and there’s no guarantee of success. Knowing the pros and cons will help you make an informed decision as to what you should do next.
You can start a side gig at any time, but a new year may inspire you to take action. You may be unsure of yourself right now, and that’s okay. This is a big decision that will affect your personal life and finances in many ways.
If you answer the five questions above, you’ll have a clear understanding of the direction to take with your side gig. And once you have that, it’s easier to pin down a plan that puts you in the best position to succeed.