Let's face it, I know you might be afraid to quit your 9-5 job. You're worried about whether you can make at LEAST as much money as you're currently earning in your 9-5, right?
I get it.
I told myself that story for a year before I finally quit my job.
BUT, when I quit, and I replaced my income quicker than I anticipated, I knew so much more was possible. And yes, I asked myself a million times, "Why didn't I quit SOONER?!?
I want YOU to quit sooner!! :)
Side hustles are growing in popularity with each passing day. People are in search of financial freedom, flexibility, or an exit strategy from their nine to five job, and side hustles present the perfect opportunity.
As many as 44 million Americans reported earning extra income on the side in 2017, with millennials making up the majority.
For many people, their side hustle is simply a stepping stone to self-employment. It’s arguably the least risky way to go about it since it allows people to build up a business while still earning a consistent income from their regular job.
It can also provide job security in general. If you are earning money on the side, you’ll have the peace of mind that comes from knowing you can provide for yourself financially, even in the event of a sudden job loss.
It can allow you to save extra cash each month for an emergency fund, retirement, or a big savings goal like purchasing a home or taking that trip you’ve always dreamed about. It can help you pay down any debt you have much faster.
For some people, their side hustle merely represents a necessary evil–a way to make ends meet in the face of low wages, rising housing costs, and expenses like childcare. It certainly doesn’t help that these factors have led to nearly 50% of all Americans spending their entire monthly paycheck (or more).
You may have another reason entirely for starting a side hustle; maybe it’s just a creative outlet or a way to develop valuable new skills. Or maybe you want to make a bigger impact in the world and do meaningful work.
Any way you slice it, though, “hustle” remains the operative word. Earning extra money on the side won’t be easy, and if you’re not dedicated and disciplined, you’ll be fighting an uphill battle.
If you have a desire for the freedom side hustling can provide, you have to be ready to work for it.
For me, side hustling has always been about freedom, flexibility and doing work that I love (while impacting the lives of others). The freedom to work from anywhere, the freedom to dictate my own schedule, the freedom to take trips whenever I please or simply be there for my loved ones when they need me.
As you are working your side hustle and your full-time job, you need to always remember your “why.”
What is driving you to start (and maintain) a side hustle in the first place?
Your reason will be yours and yours alone, and it will sustain you when the going gets tough (because it will be tough at times). Without a clear purpose behind it, your side hustle is likely to fail.
So take a moment right now to write down that “why” and make sure it’s prominently displayed in your workspace. I write mine in my journal every single morning.
It’s important that you see it each and every day to remind you of what’s at stake; this will be your motivation to work hard, even on the days you just don’t feel like it.
I remember the very day I made up my mind that I’d never work a nine to five job ever again. I remember how undervalued and defeated I felt in my 9 to 5, and how poorly I was being treated at the company I worked for.
I remember how much I yearned to feel fulfilled and full of joy again.
I was smart, worked hard and had an incredible work ethic. I knew I deserved so much better.
So I didn’t have just one “why” but many. I remember that day and those feelings any time I notice my motivation beginning to wane.
Because no matter how hard my life is now as an entrepreneur, it’s still a million times better than the alternative and far easier to live with than the regret I would have felt if I’d never taken control of my life by pursuing my own incomes sources.
Tip #1 - Start on the side.
I'm not here to tell you to quit your job cold-turkey and then figure it all out.
I believe in starting smart and acting strategically.
Even if you feel like you don't have time or the clarity on what you want your side business to be, you CAN start somewhere. Clarity comes from taking action, not from waiting to get clear. It's time to get serious about starting or growing your business on the side of your 9-5.
Try just 15 minutes of action today and see what happens.
Did you love what tasks you were working on?
Did you hate it?
What are you willing to do to get that freedom?
I’m giving you 3 quick tips to replace your income so that you can quit your 9-5 SOONER rather than LATER!
Tip #2 - Monetize What You’re Passionate About
For most of us, you may have no idea what you could start as a side hustle.
Ideally, you want to find something you LOVE doing, you’re good at and people are going to pay you for it.
If you’re still stuck, here’s a post on how to get paid to do what you’re passionate about.
Some popular side hustles include:
Direct Sales – As the beginning of my entrepreneurial journey, I started a direct sales business on the side. I worked 4 hours a week and was able to make a decent income! I still have this business as an additional income stream.
Virtual Assisting – If you’re super organized you can be a virtual assistant for other bloggers and business owners. There is a huge need for virtual assistants and it’s a great business to start. Especially as the online business world continues to grow.
Blogging – I’m also a blogger and micro influencer. You can check me out on Instagram here!
Start a Product Shop – You can start an Amazon e-commerce business or Etsy shop.
Create and Sell Digital Products – If you have a lot of knowledge about something, put that knowledge to work for you! Build an e-book or an e-course around that topic and sell it online. This can go hand-in-hand with any other side hustle or can be a standalone source of income.
What if you have something you love doing and you’re good at, but there’s no market for your passion?
Try considering something else you’re sort of good at. I didn’t choose business coaching as my side hustle because I thought it could make me a lot of money.
I chose it because I wanted to show others that they can get paid to do what they love and live a life they dreamed of. So, if you enjoy photography or copywriting or designing, consider those services for your side hustle.
Tip #3 - Create a designated work space.
Okay, let me just be honest here.
If you want to grow your side hustle and really start to make a full-time income from it, you need a dedicated work space in your home.
For me, my desk and laptop are in my second bedroom.
For you, it may just be a nook in the kitchen or in your spare room. No matter where it is, just having that space makes your side hustle feel legit.
It turns your passion and hobby into a business and gives you that extra confidence that what you’re doing can become successful and profitable.
Tip #4 - Create a schedule and stick to it.
Having a side hustle takes a lot of time, dedication and commitment. If you work full-time, then when do you work on your side hustle? It’s not like you can only do it on the weekend, especially if you are trying to build an online business.
For most people they wake up earlier and work on their hustle when they come home from their day job. They also work on the weekends. This is exactly what I did when I was working on my side hustle and still working my full-time job.
If you need more tips to maximize your productive times, check out my post on How To Increase Your Productivity With Time Blocking.
Tip #5 - Only focus on income generating tasks.
Things to take into consideration:
Do you know exactly what type of tasks move you forward in your business?
Are you working on THOSE exact money-making tasks every day (even if you have just a few minutes)?
Do you know how to attract your ideal client right now?
If you've had paying clients before, how did you get them in the past?
Or are you feeling confused and overwhelmed by trying to do everything and find yourself sitting down at the computer and feeling so scattered that you wind up scrolling through Facebook instead?
There's a lot of busy work that feels "necessary" but is not directly money-making. Keep yourself focused on your actual money-making tasks or you'll waste a lot of your precious time "working on your business" but not actually moving forward in your number one goal of replacing your income. Let go of FOMO and focus on those money-making tasks.
And, if you don't yet know what those tasks are, make it a priority to figure them out so that you can use your limited time wisely and efficiently.
Tip #6 - Create and sell high end services.
What is it you are offering to your idea client?
What value does it provide them?
Figure out your value and price accordingly, not based on what everyone else around you is doing or what you think your ideal client will pay for.
Create a premium-priced, value-packed offer based on what you're good at, how you like to work and where you shine (your Zone of Genius, as Gay Hendricks, PhD. calls it in his book, The Big Leap).
Hustling to sell a lot of low-priced, one-off services is going to take a lot more time and energy than a couple of premium-priced goods or services. It comes down to a numbers game, so do not sell yourself short.
Which ones are you clear on and which ones cause you overwhelm?
Tip #7 - Don’t wait.
I work with women every single day who are choosing to start a side hustle. I ask them things like why they got started, what their process was like, and what mistakes they made along the way.
For the large majority of these people–who are want to work remotely, freelance, or running their own businesses–their current job started out as a side hustle.
They did the sensible thing, saving up extra money and building up client lists before ever jumping ship from their regular jobs.
When I ask them for the ONE piece of advice that they’d offer to others looking to start their side hustle?
You know what the answer is 99% of the time?
If you find yourself dreaming of starting a side hustle but continually putting it off, take this message to heart. Of the hundreds of people I’ve worked with, their single regret through the whole process–from side hustle to full-time entrepreneur–was that they didn’t start sooner.
It may seem intimidating, but once you take those first few steps, your fear starts to melt away.
What once felt impossible suddenly feels within reach.
A whole new world of possibilities opens up to you, and your life starts to feel like it belongs to you again.
So go ahead and take a chance on yourself. That’s really what life is all about.