Wondering how to find a side hustle that fits your busy life?
When creating true financial peace, a side hustle is one way to go! It will give you the ability to save money for better things, like spending time with your family or as seed money to grow more wealth.
But how do you know which is right for you?
Do you suck at money? Find out why!
How to Find a Side Hustle: Consider Your Needs
Before you decide on a side hustle, you need to take inventory of your current demands.
For example, how much extra time do you have?
How much energy do you have?
How much money are you looking to make in a given time frame?
Do you have any money for start-up costs?
What skills do you have?
You need to be honest with yourself.
Don’t have time to wash and fold laundry, don’t take on a laundry side hustle.
If you want to include your kids in work, start something that matches their skill sets or abilities.
What do you want to do with the money?
Earning enough to loosen your grocery budget will demand a different level of energy than paying off debt or saving up your emergency budget!
Considerations about Running Your Side Hustle
Taking in the answers to the above questions, you need to think about the day-to-day running of your side hustle.
This is the part when you think about things like running costs and the future of your side hustle.
I mean things like, will there be costs to replenish supplies like when cleaning homes?
Will you need to register with the local government or adhere to regulations operating a cottage foods side hustle?
What is the future you are considering for your side hustle?
Some turn side hustles into businesses that support their entire family.
Other’s only do seasonal side hustles like selling homegrown fruit and veggies at their local farmer’s market during the summer.
When choosing your side hustle, there is a lot to think about!
Join my Facebook group to get a FREE side hustle planning printable so you can choose the right one.
The Ugly Truth About Side Hustles
So side hustles sound like a mandatory, easy, perfect way to make money.
But there are some downsides to them, for sure.
No Guarantee You Will Make Profit
I put up my breadmaker (that I don’t use anymore) and a giant stuffed animal for sale on my local yard sale Facebook group. I have had a few bites, but it’s been weeks with no buyers.
Before I started this business, I tried a cleaning business and never had a client. So I had one bite on an ad, but it sounded straight up like a scam.
So you may have to experiment and take some humiliating blows before you find what you are looking for.
Full of Scammers
If you choose to sell things second-hand, there may be people who try to con you. I have had people show up with less money than agreed upon. Others who don’t show up at all.
And depending on what you choose, you may need to take more precautions about your safety. When I tried to start a cleaning business, I would not go to strangers’ homes by myself. I had a buddy who was going to help me work and split our earnings.
When I meet someone off Facebook Marketplace to sell an item, I never let them come to my home. Instead, I always meet them at a well-lit, busy parking lot or even in the parking lot of the police station.
Less Time and Effort = Less Money
Most importantly, you need to know that the side hustles that take less time and effort will usually yield less money on a more irregular basis. Therefore, if you want to make more money in a shorter amount of time, you need to choose one that takes more time and effort.
Don’t forget to check out the free learning modules in my Money Savvy Mommas Facebook Group! And take advantage of the support there from other moms just like you! We would love to show you how to find a side hustle.