Side hustles are an increasingly popular method of earning more money outside of one’s full-time job. Thanks to more and more workplaces introducing flexible working times, people are left with more time on their hands than ever. This time is allowing more and more people to branch out from their primary careers and start side projects to earn additional money. As it stands 57% of Americans have a side hustle.
In this article we are going to go over a debated area of side hustles, being whether or not you should turn a hobby into a side hustle. We will examine both benefits and strategies for getting started if desired as well as provide examples of activities that make great potential businesses. So join us as we see how people all around the globe are turning passions into sources of income today!
What Is A Side Hustle
A side hustle is another method for you to earn extra income outside your full-time job, providing another means of savings or purchasing items, paying down debt or having the financial security for career changes or lifestyle freedom. Side hustles range from additional employment to weekend music gigs; all can provide opportunities that fill a need while improving financial security – it’s key that whatever side hustle you choose fits with your lifestyle as no matter the hours spent working it, success requires hard work and planning!
Benefits From Starting A Side Hustle
There are countless benefits to starting your own side hustle. In this section we will go over some of the most important ones:
- Improved financial security: As previously discussed, side hustles can provide relief and improvement to your overall finances. Even if they don’t generate much in earnings for themselves, any money that you do make from side gigs can still be put toward whatever causes are of importance to you and used towards anything necessary for personal use.
- Increased Flexibility: An advantage to side hustles for many individuals is having complete control of how long and energy they devote to a project. You decide how many hours are dedicated. If you have had a stressful day then you can work on your side hustle for 30 minutes or not at all if you don’t want to.
- Work On Your Passion: This benefit in particular will be discussed further. However in short it allows you to take someone you love doing and slowly find ways to make it profitable.
- Make A Career Change: Making a career change is something many people want to do but can’t due to expenses that need paying. A side hustle can allow you to save up easier to make the change or the added money can help you if your new career has a low starting salary.
Why Turn A Hobby Into A Side Hustle
Are You Enjoying a Particular Hobby and Deciding to Turn it Into Your Profession or at Least Make Money From it?? Perhaps, because every minute spent engaging with it could become income for both parties involved! Why not turn that passion into money-making opportunity instead of an unfulfillable time commitment. It makes perfect sense.
Turning a hobby into a side hustle allows you to continue having fun in your free time while feeling fulfilled – unlike other side hustles in which two jobs need to be fulfilled in parallel. Side hustles are a brilliant option to rather make money from your hobby or to even slowly build your business or brand so that you can eventually make the switch to full time if your side hustle becomes successful.
Examples of Hobby Side Hustles
In this section we will go over some good hobbies to make money!
Cooking
If you love and are particularly skilled at cooking or baking then why not set up a small business and take on different projects. If you are skilled at making small items like sauces or preserves then why not set up a small product line and sell your food. If catering is more your style then why cater on weekends. You can cater at events or rent time in a pop-up restaurant with rotating cooks.
Crafting
Crafting is a vague title but it essentially encompasses anything art related. This could be woodwork, sewing, embroidery, jewelry, paintings and much, much more. If you can make something of a high quality, there is bound to be someone out there who suits your audience. You can sell your pieces in online shops, such as Etsy and Folksy. Setting up a shop is easy and completely free.
Writing
If you love writing you could set up a blog or a website and create written content for readers to enjoy about almost anything. Attracting enough traffic can allow you to attract advertisers to your blog/site, potentially earning you some serious cash! Or alternatively you could become a freelance writer creating content for other people’s sites and be paid per contract – earning additional income without starting your own blog!
Performance
If you love music, theater, videography, or just general content creation then why not try and grow an audience of your own? If you are a musician then why not take weekend gigs and record songs of your own? If you love theater, join a local theater group and enroll in a play. If you enjoy editing and content creation, start a YouTube channel. There are various ways for individuals to showcase their abilities, from side hustles to freelancing opportunities and beyond. Here are a few ideas of ways you could get yourself out there and shine: these monetary-free endeavors may provide much satisfaction!
Summary
Starting a passion project is a great idea we recommend to anyone with free time looking for more money or simply looking to build on a hobby they currently love.
