Side hustles are the best thing that you can do if you want to be able to make some money. Making money is not exactly going to be easy right now, the current situation happening in the world. As the days go on we’re learning more information that’s showing us how the world is about to change. We know there is a lot of focuses on businesses and what it means for the future of them. Pubs, bars, and restaurants are all set to close. There is a lot in the media about schools closing. There is also a lot of talk about the aviation industry and what it means for them. Aviation is pretty much at a standstill at the minute, with only some airlines flying to some locations. The EU seems to be shutting its borders which is also making trading far harder than it has ever been before. What this all means is that there is a crisis going on at the minute, and there should be a lot more we’re doing to try and stop it. One thing we can do to protect ourselves is to think of all of the side hustles that we can start that should help to bring some money into our lives. Whether you run a business at the minute, or whether you have a career that you know you’re going to be forced away from for a while, a side hustle is a logical thing to do to make some money. So, keep on reading, and we’ll show you which ones we think you’ll have the most success with.
Ways To Track Money Making
The first thing that you need to understand if you’re going to go down the route of having your own side hustle, is how you’re going to make money from it and how you’re going to understand if it’s going to be worth it for you. Because of what’s happening in the world right now there are actually more occasions for you to make money than ever before. Everyone is going into a bit of a panic, and you can make the most of that with what you’re selling. However, you do need to know whether you’re making money and how much of it you are making. You can then understand how much you’ve got to spend, and whether all of this is even worth it. So one tool you can use is a piece of software that we know is going to be able to support your side hustle idea, especially as many side hustles can then turn into small, profitable businesses. So if you report your KPI’s, for example, which is a form of tracking your key performance indicators, you’ll be able to have a report of all of the performance indicators such as sales conversions and how much money is being made, and perhaps it will allow you to change your sales strategy, or just monitor your finances.
Getting A Small Investment Fund
This is the next thing that you’re going to need to think about, and it all depends on the type of side hustle that you’re going to go into. Generally, with a side hustle, you do not need the money to set up. They’re very small business ideas that are only ever going to support what you’re doing as your main career in life. That’s why the investment is so low. If you’re going to invest a lot of money into a side hustle, it might be that you’re trying an idea that’s a bit too big for you, especially if you have other things going on in your life. So, to get a small investment fund all you need to do is save over the next payday or two. This pandemic will only be peaking by the time that comes around, and you can then focus on your mini side hustle idea to bring your money back up. You might even be able to lend money from a family member, your partner, or anyone you’re close to. Only do so if you know you’re going to be able to give them the money back soon. Getting into borrowing money from people is not always the best idea!
Blogging & Vlogging
Blogging and vlogging is definitely something you should think about getting into. The investment is so low, yet the fun you can have with doing it is so high. It’s a blog or vlog that’s personal to you, yet you can share it with so many people around the world. It’s really not as hard to build a following as you might think as well, especially with social media and how much of a part that plays in promoting a channel or a blog. So, we’ll start with a blog first. It’s the easier of the two to set up because you don’t need to buy a camera. All you need to do is have a blog name and an idea of the things you’d like to post, and the money to buy a few things. The first is your domain name, and this might be a little more expensive depending on the name that you want. This will be where you realize the name you want is not available, and you have to spend ages trying to find one that you actually like. Then you need money for the hosting, which is not going to cost you much at all. Then comes the theme, which we recommend you buy early rather than using a free one. Then all you need to do is promote products, write about your life, and have some fun with it. If you share every post to social media you’ll get more attention quickly. Always tag brands in your post, as well as when you’re sharing to social media if you’re talking about them. It’s a good way to get collaborations going.
Vlogging is much the same. You just need a camera and the willingness to stick with your channel when you’re getting no views at all. Always focus on promoting your channel and providing content that you know people are going to actually like.
Cakes & Baking
Cakes and baking are a great thing to do at this time. You will no doubt have more time on your hands whilst you’re at home, and there are still going to be events going on that will need some form of cake or baking. If you love being creative in the kitchen and you love baking, then this seems like a no brainer to us. Even if you start by doing it for family members, it’s better than nothing at all. Birthdays, weddings, anniversaries, are all going to require you to make some form of cake. We’d recommend starting by making cakes and whatever else and putting them on social media. The attention will start to grow because it can be hard for anyone to ignore something that looks sweet and tasty whilst they’re scrolling through Instagram. State that you’re making cakes and sweet treats to sell, and eventually you will have some orders coming through. You just need to make sure you have the time to commit to big cakes and make them perfect.
Buying & Selling
Finally, you could just go down the route of buying and selling. Buying wholesale and then selling individual items is a great way of making money. Or, you could buy items such as furniture which is looking a bit worse for wear, make it look all nice, and then sell it on for more money. Buying and selling are what sales are all about, but you can get clever and make more money with what you are buying and selling.