We all have things that we absolutely love to do. Maybe you love to write. Maybe taking photos makes you feel like a million dollars. It’s the thing that makes you feel alive. That creates a fire in your bones. Thanks to the internet, almost any passion can be turned into a profitable side hustle. You can make money doing the things that you love the most.
How would it change your life to make an extra $1,000 per month? Or double that? You can easily make that if you know how to create a profitable side hustle. In fact, if you know what you’re doing, you may be able to turn your passion project into your full-time job.
Here are some actions steps you can take to begin turning your passion into a profitable side hustle:
Creating a profitable side hustle takes a lot of time, diligence, and hard work. If you want to succeed with your side hustle, prepare to put in some work.
How do you create the motivation needed to put in all that hard work? Take a look at your life as it currently is. Are you living your best life now? Are you completely fulfilled with your day job?
To increase your motivation for your side hustle, envision what a successful outcome would look like for your side hustle. Paint a picture in your mind of what your best life will look like.
Success happens over the long haul, not overnight. If you want your side hustle to be truly profitable, you need to be willing to make sacrifices to reach your objective.
Identify Your Passions and Interests
The first step is to identify what you love to do AND are good at doing. Both elements are required. If you want your side hustle to be sustainable, you must love doing it. If you don’t, you’ll burn out quickly.
You must also be good at your side hustle. In other words, you need to have the necessary skill set to make it a reality.
Ask yourself these questions:
What do you absolutely love doing?
What have people told you that you’re good at?
What do you lose track of time doing?
What valuable skills do you have that people would pay for?
What needs can you meet?
Determine What Sets You Apart from Your Competitors
Unless you’re building something completely new and revolutionary, you’re going to be competing against others. If you’re going to succeed with your side hustle, you need to find a way to differentiate yourself from your competitors. Figure out how you’re going to stand out from the crowd.
Define Your Goals
Defining clear goals will help you know what steps you need to take in order to turn your hustle into a reality. Consider laying out a set of goals that sequentially follow one another. For example, if you’re going to sell products on eBay, your first goal may be to create an eBay account. Your second goal may be to research the products that sell best on eBay, and so on.
Eventually, you just need to get started. Yes, you need to reach the small goals that will lead you to your big goal, but eventually, you just need to get your idea out into the world and evaluate the response. You launch, refine, fix problems, and then keep going. Then, your side hustle gets better as you go.
In order to launch, set milestones that will force you to take action. Setting milestones for yourself will ensure that you actually take action and don’t delay. Every milestone should be tied directly to a date.
Once you’ve done the initial work up front, you simply need to get started. Your side hustle will NOT be perfect when you first launch it. You’ll make mistakes. Building a successful side hustle involves a lot of tweaking, refining, and making changes on the fly. If you try to get everything perfect before you launch, you’ll never get started.
Avoid getting discouraged if you don’t have massive success right off the bat. Keep working, refining, promoting, and selling. Eventually, you’ll hit on the right combination and the customers will start coming.
To make your side hustle as successful as possible, it’s essential to consistently market yourself. You need to promote your hustle so that it gets in front of as many people as possible.
Get yourself in front of as many people as possible. Don’t worry about what others will think. If you want to succeed with your side hustle, you must market yourself constantly.
Provide Amazing Experiences For Your Customers
One of the best ways to get new customers and keep your existing customers is to create amazing experiences for them. Your goal is to show them that you care deeply about them and want them to be incredibly happy with what you have to offer.
The more you can delight and surprise your customers, the more likely it is that they’ll tell their friends and colleagues about you, which will generate referral business. If you really go over the top with the way you treat your customers, you may even get exposure in prominent publications.
Starting a business begins with an idea, and it’s grown through strategy, commitment. and goal setting. We can help turn your passions to lucrative, viable, successful businesses. Contact us today for a free strategy session!
Networking is one of the most important ways to invest in the future of your career. It has been said that your network will be your net worth and I wholeheartedly agree. Having a strong and solid network can open doors to lucrative opportunities, so it’s an absolute must to get out there and make yourself known! As important as networking is to your career growth and development, it can also be difficult to accomplish, especially when you’re just getting started. This may seem hard to do because not only do you have to find the right opportunities to network, but you also need to find the courage to speak to the people you want to impress and connect with.
The good news for introverts and busy leaders is that there are various ways you can start networking today without having to attend expensive events and dinners.
Online networking can be an excellent way to build a valuable community, without the stress. Of course, just like all forms of networking, you’re still going to need an effective strategy. Keep these tips in mind for effective online networking that will help you stand out as a leader in your industry so you can advance your career exponentially!
Know Where to Network
Probably the most important part of building a successful online networking strategy is deciding where you’re going to connect with potential colleagues.
Social media channels like LinkedIn are generally a good place to start, but you can also go further and check out places like Slack groups and forums specifically for your chosen industry. You can also find a lot of great people to connect with on places like Twitter and Clubhouse.
Keep your eyes open for digital and virtual events too. These are becoming increasingly popular, and they often come with chat rooms and networking spaces where you can reach out to others with shared interests.
Connect with the Right People
As tempting as it might be to build a relationship with influencers or thought leaders, the reality is that it’s important to think carefully about who you reach out to.
Look for industry peers and people who can teach you something.
Connecting with people who already have a strong presence in your industry or a link to the businesses you want to work with can be a good idea too.
Keep an open mind when making your relationships online. You might be surprised to discover who can make a difference in your future career. If someone offers to introduce you to someone they think could help you, take advantage.
When you’re starting out in networking, schedule a few hours every week where you can check out what’s happening on social media, read up on the content shared on your favourite forums, and participate in conversations.
You’ll want to have an active online presence if you want to make those connections count.
Remember to check your news feed on a daily basis when you can, and at the very least try to update your LinkedIn status with a few relevant factoids or links to relevant news stories from your industry.
The more people see you online, the more likely it is they’ll feel connected to you and want to strike up a conversation.
Follow Up Regularly
If you’re going to really grow a successful network online, you need to work harder at making connections than offline. You can’t expect to have the same emotional link to someone online as you do in-person, so you’re going to need to speak to the people you meet more often.
Make a habit of regularly getting online and devoting time to following up with the people you’ve already met.
If you’ve already spoken to someone on social media quite a few times and you want to strengthen the relationship, ask them to connect over the phone or meet with you on a video conference.
The more connections you can make, the better.
Be Helpful and Informative
The more you invest in networking, the more you’ll learn that people want to connect with others whom they believe can help them out. The more informative, helpful, and knowledgeable you are, the more valuable you become.
This doesn’t mean you should be constantly asking your contacts if you can do anything for them but make a concentrated effort to share useful information whenever you can.
On LinkedIn, you can write posts where you talk about your experiences in the industry. On forums, you can respond to questions being asked by other people in your space.
It’s also worth looking for ways to be helpful in other ways too, like responding to emails where people ask for your input or getting involved with podcasts and interviews.
Keep Working on It
You won’t always be an instant success when you start networking online. It might take a while for people to respond to you, and some might ignore you completely.
The key to success, as in most things, is to keep going. Don’t let it get you down if you struggle with building your network initially. Keep focusing on your goals and practicing.
Over time, you’ll learn how to become more effective at building relationships. What’s more, those relationships will help you to achieve your goals in your career.
We specialize in strategies and services that help our clients stand out in their industry so they can advance their careers and businesses exponentially. If you want some personalized assistance to network effectively or strategize for career growth and elevation, contact us for a free consultation!