Finding Your Second Income Stream
If you’re tired of living from pay check to pay check with no room to breathe, finding a second job or starting your own business may be the answer.
But how do you start?
Before you get a side hustle or second job, these a few things you need to consider. You need to be honest with yourself about your finances. If your doing well, then a side hustle is your choice, but if your finances aren’t where you’d prefer them to be, would make the side hustle more of a necessity.
There are three ways you can look at a side job:
- Find one in which you use the skills you have
- Find something you’re passionate about or have a knack for
- Find something you take on just for the money, one you’re not necessarily passionate about or skilled at
BLOG: Blogging has become a lucrative passion for many young people in the digital age. You can blog about anything you are interested in, such as, food, fashion, beauty, entertainment and lifestyle. Find a unique way of expressing you interests that will appeal to brands.
PHOTOGRAPHY: There is a market for photography as a job besides being a hobby. If you’re serious about taking your photography skills to the next level, invest in a good quality camera. Look out for sales and practice your skills on friends and family. They may be able to refer you to potential clients as there are always occasions such as weddings, birthdays, funerals, unveilings and christenings taking place over the weekends.
CONSULTING: As a consultant, you can offer your services to show other companies or individuals how certain things are done or why they need your services. Begin by considering the skills and experience you have and find ways to reach out to potential clients to fit your skill set.
TUTORING: If you have a specific set of knowledge on a topic you can consider tutoring people on that, such as, if you’re in the finance sector you can tutor people in Math or Accounting or if you’re in the IT field you can tutor people or students on Computer knowledge.
SELLING: Thanks to platforms and directories like Gumtree, Cash Converters, OLX and E-Bay, selling things online has become easier. You can sell items you no longer have use for, just ensure they are still in good condition. You can also earn money from selling products such as Tupperware, Avon or Herbal Life.
TRANSPORT: You can run a lift club in your area and drop kids off at school on your way to work or you can start a carpool club with other working individuals in your area who are heading in the same direction as you. If you have spare time after work or over the weekend, you can register your car with Uber.
Whatever side hustle you choose, make sure that it aligns with your time and passion so that you’ll be more likely to succeed at your secondary ventures.