HOW TO MAKE EXTRA MONEY

Identifying Profitable SideHustle Opportunities

Now I know that ‘following your passions’ is the first piece of advice that was really given in this book, and for a successful side hustle you need to have some serious passion to be able to stick with whatever your side hustle is. However, how do we make sure that passion equals eventual profit?

Assessing Your Skills, 

Interests, and PassionsFirst, you need to make a list of all your passions and see if any of them can beturned into good side hustles. For example, if you love making art and workingwith your hands, there are countless ways you can turn that into a business, aswell as countless resources you can use.

Additionally, ask yourself what are you interested in? What do you want to knowmore about to grow in? Because even a successful side hustle can get veryboring if you are simply doing the same thing every single day and notchallenging yourself at all. You should pick a side hustle opportunity that leavesyou with a lot of room to grow and improve your skills.

Not only will you constantly be learning new methods of the elements of yourside hustle, but you can channel all of that extra knowledge into some seriouspassion for your business. As you learn more, you will be able to improve yourproducts and services as well, and that will give you the ability to share morevalue with your customers. The more value you can provide for them, thehappier they will be whenever they interact with your side hustle!

So don’t be afraid to write down some of your passions and then write three tofive potential side hustles for each. It is okay if you have a very long list or a veryshort one, because now you need to step back and really chew on the list. Takea few days and just think of some of the side hustle ideas that you have. Arethere any that might be a little easier than others to pull off? Does one excite youand give you more drive to complete it than the other? Is one idea really uniqueor does a market exist for some of these already?

Evaluating the Viability of Your Ideas

Once you have some ideas that can turn a profit, you should also take a look atthe mainstream side hustles in your field, the trend for the market, and what thepeople in your business niche really want. For example, if you want to have aside hustle making clay sculptures, it can be worthwhile to look at what people want out of their clay sculptures.

Do they want humanoid figures? Animal shapes? Big and massive sculptures orsmall ones that they can put on a bookshelf or side table? Are they focused onrealistic sculptures or more abstract styles? Answer these questions and see ifthere is any way to turn the trends to your advantage. While you don’t want to bend to the will of the masses or spend hours and hours constantly working on projects that are mainstream and not what you really want to do, you should at least be aware of what the world wants out of a side hustle in your niche.

Taking what’s popular and mainstream now into consideration is going to give you more knowledge that you can use for your side hustle, and maybe once you get popular and noticed with your mainstream works of art, you can focus on creating what you really want.

At that point, you already have an audience who might just buy, share, and talkabout everything you will put out there! While it can be hard to stomach doing some of the mainstream stuff for a side hustle that is supposed to be fun and filled with passion for you, you might as well try to have fun while doing it, because it is only going to get you closer to doing what you really want to do with your side hustle.

And if you do the mainstream stuff well enough, you will get an audience wholoves your work enough to keep talking with you and they will be very receptivewhenever you try something brand new.