Are you itching to earn that little extra spending dough? Look around, side hustles are everywhere around us, whether it is driving UBER or managing social media. The possibilities are endless. According to Sarah Berger, of the 86% who say they earn extra money from a side hustle every month, 36% are making $500 or more. That is additional income to have fun, pay off debt, and increase savings. Who wouldn’t want that, am I right? It certainly isn’t easy but it can be very well worth it.
For many millennials side hustle is an outlet to pursue our passions whether it is to pay off credit card debt or establish new connections. Balancing a full-time job and commit to a side hustle isn’t an easy walk in a park. It will get tough, you will want to quit! That is why it is so important to choose something that you like or skills that you might have picked up over the years. If you can find something that you enjoy you won’t mind putting the extra hours in, and it might not feel like extra work at all.
Work Smarter Not Harder
As a side hustler, your time is limited. You cannot just abandon your current employer to pursue your side hustle. You have to be committed to both. That is why scheduling every waking minute of your day is crucial to your side hustle success. We are all given the same amount of time every day, so plan ahead, grab a planner and pencil your tasks down. According to Bryan Tracy, It takes only about 10 to 12 minutes for you to plan out your day, but this small investment of time will save you up to two hours (100 to 120 minutes) in wasted time and diffused effort through the day. You don’t necessarily have to dedicate 3-4 hours each day to your side gig, instead use small chunks of time to get things done. Maybe instead of taking the full hour for lunch, you dedicate 30 minutes of your “free” time to your side business.
Weekends are crucial for a success. On Sunday, sacrifice a little bit of family time to sit down and plan out your week to ensure a productive week ahead. According to Stanford University, a study has found that employee productivity significantly declines once the 50-hour mark has been reached in a given work week. Plan your days strategically, burnout is no joke. Side hustle is a long-term haul, give yourself time to see improvements. Take 90 minutes a day to get you started on a right path to entrepreneurship.
Focus Is A Key
You created a plan for the week, now it’s time to execute properly. It can be difficult to put away your phone and block out social media distractions in order to get things done. Lucky you! There are many tools to help you focus one task at a time. We all face a number of distractions; everyday news, social media, meetings, projects, and day-to-day tasks. Are you really hustling or aimlessly wasting your time? These tools will help you remove outside distractions. One of my favorite tools is an app called “Forest”. Forest keeps you focused on a specific project.
How Forest works: Choose a specific period of time to focus, as time goes by, your seed will gradually grow into a tree. If you leave the app your tree will slowly begin to die. Forest is an interactive app to keep you in check with family and friends. You can earn rewards and unlock additional trees to add to your productivity forest. One of the cool things about this app is that Forest partnered up with a real-tree-planting organization to help plant real trees on the earth. Talk about accountability tool. Let’s get after our goals! You can download Forest either on the App Store or Google Play for a cost of $1.99.
Create Short Term and Long Term Goals
One of the ways to stay on track with your personal or professional goal settings is to use S.M.A.R.T goal setting method. Your goals should be Specific, Measurable, Attainable, Relevant, and Timely.
Your goals should be precise not vague. When crafting your goals, do your best to answer the five “W” questions for maximum efficiency of your business. Don’t be afraid to get in detail to answer every question properly.
What do I want to accomplish?
“I want to make additional income by building my e-commerce business.”
Why is this goal important?
“I want to be debt-free.”
Who is involved?
“Myself, Designer & Dropshipper”
Where is it located?
“Online & Fulfillment Center”
Which resources & obstacles involved?
“I know a Graphic Designer but have no income to pay the Graphic Designer”
How can you measure our progress?
“ Social Media Metrics.”
What metrics can you use to see if you are meeting your goals?
Your goal should challenge you but still remain doable.
Is this realistic goal?
“Yes, it is.”
What are your financial constraints?
“I don’t have enough capital.”
That’s where CustomCat comes in, we eliminate costly set-up that ensures anyone can start selling authentic brand names to the world.
What are your obstacles?
Will your goal be worthwhile?
“I want to immerse myself in the e-commerce world.”
Does your goal support who you are and where you want to go?
“Go from side hustle gig to full-time entrepreneurship”
Consider setting short-term goals and long-term goals. You don’t want to spread yourself too thin because long-term goals (6 months – 12 months) can seem far away from reach, which leads to a discouragement. In order to streamline the process set short-term, 90-day milestones to keep you accountable and on track to your ultimate goal.
Work hard, hustle, keep your head up and go after your goals of becoming financially independent entrepreneur. Spend more time traveling or spending time with your family, get started today! Visit CustomCat website to learn about what we do.