Enrich your resume and soul by starting a side hustle that also helps you earn an extra income
The term Side Hustle is a fairly new addition in the slang dictionary. Side Hustle refers to a job or any kind of occupation that helps people earn extra money in addition to the income earned through regular job.
To make side hustle work, an individual should choose tasks that are different from the full-time job. For instance, a data analyst might make and sell jewelry on weekends. An executive might sing at flea market for some extra income.
Side Hustle has become quite easier in the present era. The credit goes to the advent of new-age technology. Even companies hire freelancers, contractors or gig workers to get good talent.
Top 11 Reasons Side Hustle Is Important
Most of the people choose side hustle to earn extra income. However, there are some who choose side hustle for more than just money. Let’s find out some reasons that make side hustle imperative in the present times.
1.Break out of Comfort Zone – A regular job is like a cushion that helps a person protect against many odds. However, this cushion might become a hindrance when it comes to learning new things. A side hustle helps one to break out of comfort zone and experiment new things.
Daymond John founded FUBU, a hip hop fashion brand, while he used to wait tables full time at Red Lobster. He used to make hats out of his home, with the help of his mother. His side hustle made him an entrepreneur, businessman, author and a motivational speaker.
2.Experience Creative Satisfaction – Regular jobs do not always satisfy the creative bug present in people. People working in technical roles feel the need to express their creative side. A side hustle helps balance right and left side of the brain.
Hrithik Roshan is an Indian celebrity, dancer and actor. He is also a fitness enthusiast. He initiated a fitness brand, HRX, to inspire people to be the best version of their own selves. HRX became one of the first home-grown fitness brands.
3.Develop Entrepreneurial Skills – It is difficult to acquire entrepreneurial skills through a course. However, it is all the more difficult to quit one’s job to start a business. This is where side hustle comes in. Starting a small business in addition to a regular job helps learn ropes of entrepreneurship.
Andy Dunn is the former CEO and cofounder of Bonoboz. According to NPR, he had begun by selling chinos from his car. At that time, he was pursuing his MBA at Stanford Graduate School of Business. His side hustle Bonobos went on to become an upscale subsidiary apparel brand of Walmart.
4.Bridge the need gap – Some people initiate side hustle to find a perfect product or experience that is unavailable in the market. Instead of accepting the below average or ordinary, bright minds jump to tap the opportunity. Many of the unique side hustle ideas transformed into full-fledged brands.
The famous actress Jessica Alba preferred to use only safe products for her children. She was inspired to provide an alternative to the prevalent baby products containing harmful ingredients. She then founded, The Honest Company, a brand known for all-natural household and baby products.
5.Break the monotony – When a person gets comfortable in the monotonous job routine, it stops boosting his confidence. Starting a side hustle helps earn appreciation and additional income. There is renewed joy and enthusiasm to pursue new things.
Sarah is an HR executive. She has over 7 years of experience in the same company. However, she felt the need to do something new to break the monotony. She started giving baking lessons to women in her vicinity. People find her zest for work infectious.
6.Up-skill and learn – He (She) who stops leaning, stops growing. It is not always necessary that skills are acquired only through MBAs and coaching classes. People nowadays jump over the opportunity to learn by the means of gigs. This has initiated the trend of freelancers and project-basis working models.
Reesa is a client servicing executive at an advertising agency. She has over 15 years of experience working for different clients. She decided to author a book narrating her experiences from the job. Her objective was to learn how to write, publish and market a book.
7. Upgrade communities – Side hustle helps improve the communities and surroundings of the person. A newly developed area might not have required products and services for the inhabitants. One person’s side hustle helps the entire community experience quality services.
For instance, Tina felt that the local kids require English lessons. She groomed the kids on weekends when she had an off. Even parents of the local kids were happy with the positive exposure.
8. Work-Life Balance – Side hustle breaks the rut that a person gets into due to the regular job. A day job might not meet some emotional needs of a person. Appreciation, enthusiasm, independence, confidence are sometimes overlooked in regular work. These are fulfilled through successful side hustles.
Many people dabble with different side hustle opportunities before coming across the most suitable one. Earning accolades out of a hobby helps create the perfect work-life balance. It inspires and motivates the person to continue with the regular job as well.
9. Widen the Network – Side hustle offers the opportunities to meet and greet new people apart from the regular ones. People come across other people with similar likes and dislikes. This helps widen the network while contributing to the growth.
While searching for a side hustle idea, Sasha came across a lady who sold dot-mandala products on Instagram. As Sasha already had experience in selling handicraft products, she contacted the lady. The lady allowed Sasha to sell her products online and earn commission.
10. Burn the stress off – It is easy to forget the office stress by watching a web-series. However, screen is a waste of time for many. Such people invest in their side businesses to burn the stress earned from day jobs. A side venture helps a person learn and earn, together.
Nina started baking cakes for local celebrations post returning from office. Initially, people preferred her cake as they were a little cheaper. But eventually, her cake gained fandom thanks to the taste and presentation. Nina’s hobby of baking cakes made her a celebrated home-chef.
11. Of course, extra income – The biggest benefit of side hustle is the extra income. Side hustle helps people save for better homes, favorite brands, etc. without burning a hole in their pockets. People around the world have been side hustling. They love to juggle their regular jobs with side ventures for some extra income.
Michael Jordan, the basketball legend, is worth $1.65 billion today, according to Forbes. Apart from his salary from Chicago Bulls, he earns from the shoe line, Nike. Corporate sponsorships made him earn extra income during his professional basketball career.
Without any doubt, side hustle helps maintain the financial and emotional health of a person. It helps people explore new grounds without compromising on routine work.
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Side Hustle empowers the workers to reap the benefits of independent work and generate extra income.
