The Real Deal on Side Hustles: How to Make Them Worth Your Time

Side hustles are all the rage these days. Are you interested in starting one, too? If you’re on the fence about it and doubting the videos you see on TikTok, you’re on the right page.

In this Fud update, we will explore key tips and strategies to help you make your side hustle worth your time and effort.

#1 Ask real people

It seems like simple advice, but it’s the most useful one. Sometimes, the earning potential that people share on TikTok or websites can be greatly overinflated, especially if you are just a beginner in that side hustle.

The best thing to do is to join communities and ask people already doing the side hustle you are interested in. Ask them about the profitability and demand of that side hustle. You can even ask them about what mistakes they made at first. Sometimes, it’s more valuable to just ask people.

You can also check websites, such as Upwork, to gauge the market rate of the side hustle you want to do.

#2 Do a trial and keep track of your net earnings

Create a trial phase for the side hustle you want to get into. Try it for at least 3 months. Then, compute your expenses and earnings and see if it’s worth your time. Remember that initially, you may earn less than your more experienced counterparts - similar to a traditional job.

Aside from computing your earnings and expenses, there are other ways to ensure that your side hustle is financially sustainable:

1. Create a separate bank account for your side hustle. This will help you keep track of your income and expenses more easily.
2. Set financial goals for your side hustle, such as earning a certain amount per month or reaching a certain number of clients. This will help you stay motivated and focused on growing your business.
3. Be mindful of your expenses. While it may be tempting to invest in expensive tools or courses, make sure that they are necessary for your business and that you can afford them.
4. Don't forget about taxes. As a side hustler, you may be subject to self-employment taxes.

#3 Create a time management strategy

Since you’ll juggle a full-time job, managing your time is key. You need to create a schedule that works best for you. Try to block off dedicated hours for your side hustle every week. Keep in mind that side hustlers spend an average of 12.5 hours per week on their businesses.

#4 Automate and delegate

As your side hustle grows, so will your responsibilities. You may eventually find yourself juggling too many tasks, leading to burnout. Consider automating some tasks, such as scheduling posts or sending invoices. There are so many AI tools out there that can help automate most tasks.

If your “side hustle” grows rapidly, you can delegate tasks like social media management or customer service to a virtual assistant or intern. This will give you more time to focus on the core aspects of your side hustle. Depending on your goals, your side hustle may well become your full-time job.

Fud Hustle Feature

If you're serious about starting a side hustle and making it worth your time, check out Fud. This app offers a step-by-step guide on how to learn a side hustle and earn money fast. You can connect and engage with proven and vetted experts and others on the same journey. Plus, it features a social to-do list to help keep you accountable and remind you of what you must do to reach your goals.

Whether you're just starting or looking to take your side hustle to the next level, Fud can help you achieve your goals. Download Fud now and start hustling today!