Learning how to make an extra $1000 a month can make all the difference in your life but it’s just the start. We must not be too hasty in making other life-altering decisions just yet.
After all, it was your day job that probably funded your side hustle in the first place.
There are several reasons why you should not quit your day job just yet.
You’ve been working on your side business for a few months now, and you’re considering quitting your day job to devote your time and energy to it. Is it, however, a good idea?
Are you truly prepared to take the leap of faith?
Make no mistake, we support entrepreneurship in general, but we recommend that you first assess your situation and determine whether or not you are making the best move for you.
Some reasons why you shouldn’t quit your day job just yet include the following.
Until now, your side hustle income hasn’t been able to completely replace your day job income.
If your side hustle isn’t even earning a profit at this point, you shouldn’t consider quitting your work. Obviously, you don’t want to lose your primary source of income at this point.
What are your options for putting food on the table if you don’t have any money saved up?
We believe it would be completely negligent of you to stop without carefully considering your financial situation, especially if you have family members who rely on you!
You continue to like and appreciate your day job.
If you know you’re going to miss your job, it’s going to be difficult to say goodbye to your colleagues. You’ve probably formed bonds with your coworkers, and you’d be disappointed if you didn’t get to see them and spend time with them on a regular basis.
If you’re not quite ready to say goodbye just yet, feel free to remain a little longer. Your side hustle might be put on hold.
Likewise, if you believe you have a strong possibility of progressing up the corporate ladder and it is something you really want to pursue, don’t leave just yet.
If you have secure employment with decent benefits, you may want to give it some serious consideration before quitting your position. Consider the advantages and disadvantages of each option so that you can make an informed decision.
For the time being, you are unsure whether or not your side hustle will be profitable in the future.
Even though you enjoy working on your side business, you aren’t sure if it will continue to be profitable in the near future. It’s true that you can hunt for additional side hustles, but doing so will need you to start over from the beginning.
If that is the case, you will have to postpone sending in your resignation letter until later.
Just keep in mind that if you decide to devote your time and energy to your side hustle, you will be in charge of your own destiny. This means that you will be responsible for paying your taxes, insurance, and business expenses, among other things.
According to the information provided, failing to plan ahead will have a negative impact on your financial situation.
Side hustle is a term that many people are starting to learn about.
The word side hustle itself brings to mind images of teenagers doing easy jobs around the house or yard that can be done by anyone. This image has been repeatedly used in advertisements and marketing efforts but the truth is that anyone can start their own side hustle.
In fact it’s much easier than most people believe.
Side-hustle sounds like a challenge but it’s not. When people think about making money side hustle means looking for something free to give up that will increase your bottom line.
For example, instead of working for yourself and coming up with ideas for your side-hustle, you might consider sharing some of your thoughts with a stranger.
This someone could be someone in your neighborhood who needs help.
One idea for making extra cash side hustle is doing data entry from home. There are many companies that offer freelance work. You can search Craigslist or another online marketplace like Etsy for companies that are seeking freelancers to do data entry work.
If you don’t mind sitting at home typing out data and sending it to different companies then this is ideal for you. You can even set up your own site with your own data entry page showing how you can help the company and explaining why they should hire you.
Another excellent opportunity on how to make extra cash from home that you can do is freelance writing. People who are passionate about writing love it because they can stay home and write their own opinions about any topic they choose.
This is a perfect work-from-home opportunity for those who have a talent for writing, regardless of their area of expertise. A good freelance writing gig will require you to do quality work for a price.
If you want an even easier way of making money online you can use your account on social media management platforms such as Fiverr, Elance, and Guru. There are many opportunities that you can get started on these platforms.
You can become a writer, web designer or marketer. You only need to have basic computer skills to start. If you’re not comfortable doing technical things on the internet and have experience with freelance writing or web design, you can always start as a marketer.
Freelance jobs on Fiverr and Elance require that you provide samples of your work for potential clients to look over. If you do a good job they’ll definitely contact you and hire you. A good writer can earn around $15 an hour for his or her services.
If you’re a virtual assistant, you can make up for this amount by performing other tasks that the client wants to do.
So, you don’t need to give up the day job just yet!
The key is knowing how to market yourself and creating a good profile in order to get started. You can succeed with this if you create many accounts on different platforms. This is why it’s important to do some research on Fiverr, Elance and Guru. You can make money as a freelance writing coach.
If you’re already a seasoned writer, you can make money by selling your first book online. Many people have been able to do this successfully, once they get started. It’s really not hard at all. If you’re an English major, an internet marketing degree would benefit you immensely.
There are many people out there who need a website made and don’t know how to put one together. You can be one of the people who can help them out.
The great thing about a side hustle is that YOU are in control.
You don’t need to grow it bigger than the $1000 a month if you don’t want to and who doesn’t appreciate that extra every month?
It can be a huge lump off your mortgage, rent, or car loan, if you have one and the potential to earn more, is definitely there.