Why All Women Need To Have A Side Hustle Today
I believe everyone needs a side hustle.
Something you do outside your job to keep life exciting, keep your mind sharp, and maybe even earn some extra income.
But experts argue that having a side hustle is even more important if you’re a woman.
According to a CareerBuilder research, more women are taking on side hustles than men (35 percent vs. 28 percent) to help bridge the pay gap, and those under 35 are more likely to have a side hustle than those over 35.
Fact is that everyone’s reason for side hustling is different, but the ultimate goal is the same – to create an additional stream of income.
And let’s be honest, wouldn’t it be nice to make more money every month?
First things first: what exactly is a side hustle?
A side hustle technically is:
Now consider these three common goals of side hustles from the book Side Hustle: From Idea to Income in 27 Days:
- Make extra cash for a specific purpose, whether to pay off a student loan, build up your emergency fund, or just take a vacation.
- Create an ongoing source of income that makes a real difference in your quality of life.
- Replace or exceed the income from your regular job.
Does any speak to you? If not, you might still want to give side hustles a try.
Why it’s a good idea to have your own side hustle – even if you love your job
I heard this idea first from Chris Guillebeau during the #FinCon17 expo in Dallas, and I immediately said “YES!” to myself because I completely agreed with 100% of what he explained in his keynote.
Chris said that even if you love your job or can’t stand it, you should have a side hustle; in addition to the extra income, your experience in starting your own project produces an extraordinary benefit: a recognition of your skills and value.
Take this story:
Sarah Hannington was looking for custom-printed candy hearts to send to clients at her marketing 9-5 job, and none of the candy manufacturers seemed to be offering exactly what she had in mind. So she decided to put her marketing skills to work: she built a website, found a way to “DIY it” by taking production in-house, and figured out how to offer a seamless customer service.
And what happened?
She ended up with a sustainable, six-figure candy heart business. She could have left her regular job - easy. But she didn’t. Now her boss knows that she comes to work because she wants to, not because she has to.
In truth, Sarah’s side hustle increased her security, giving her more options and allowing her to do more of what she wants.
So no matter what it is that you do in your day job, or whether you identify yourself as an “entrepreneur” or not, you should have a side hustle.
All you need to start is an idea.
Pick ideas that actually work
All side hustles begin with a simple idea, and ideas are all around you! Here’s a list that can help you get started with yours:
- Offer online tutoring or coaching in your field of expertise
- Manage social media accounts for small business
- Be a virtual assistant
- Sign up with Lyft, Uber, or Airbnb (there’s a sharing economy app for everything these days)
- Self-publish books, and then sell them
- Become a home organizer
- Launch an eCourse
- Take pictures
- Publish a blog, and sign up to referral programs (if I can do it, you can too!)
The thing is to be on the lookout for feasible, persuasive and profitable ideas, and you’ll be able to transform them into an asset.
Bringing it all together
A side hustle is not just about putting extra cash in your pocket. It affords you the ability to decide.
When you have multiple paychecks from different sources, you no longer depend on a single employer.
Once you start side hustling, you’ll embrace a lifestyle that will be with you for a long time.
Continue to experiment, learn, and improve.
The next steps are yours! 😉