Start a Side Hustle in 7 Days

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We know that having a side hustle is essential to financial security and building wealth. The more streams of income that you have, the more you are able to avoid financial setbacks and save money over time. But how do we actually get started on our side hustle? Follow this simple plan to start a side hustle in just seven days.

Day One: Determine Your “Why”

Before you start a side hustle, sit down and think about your long term goal. What are you trying to cause in developing a side hustle. Being crystal clear on your purpose will help you get through the inevitable hard times of having a side hustle.

Day Two: Identify what you are passionate about or good at?

Ask yourself what do you like doing? What do you get excited about? What do people ask you questions about? Making quick money is cool, but having something that you really enjoy doing is critical to ensuring the long term viability of your side hustle. If you do something that you hate doing, you will eventually burn out and end up resenting your side hustle. You are better off finding something that you are pretty good at and really enjoy doing.

Day Three: Create a Plan

What value will you add and how will you do it? Will you be providing in-person services or doing online consulting? Will you use social media to get customers or will you advertise in your local paper? Put pen to paper and start mapping out your plan and strategy

Day Four: Test Your Concept

This is probably the most important step. You need to validate and test your side hustle concept. The best way to do this is to test it out on a real life client. If you are offering a service, provide a free service in exchange for their feedback. If you are selling something, sell a few samples. You can also perform some market research by asking friends, family, and prospective customers on social media. Tell them as much as detail as you can about how you plan on offering your product/service and pricing and get their thoughts. A little feedback early on can ensure you are on the right path and people would actually be interested in your product.

Day Five: Make a Plan

Now that you have validated your concept, it is time to start making a more detailed plan.

You will want to answer the following questions:

What products/services will you provide?
What will your pricing be?
How will you market your products/service?
What will your startup costs be?
What is your projected income?
What challenges can you foresee? How will you overcome these challenges?

Day Six: Set Up Your Side Hustle

Now that you have a plan it is time to get things ready. This is the time when you should secure your social media accounts, domain and website, business cards and other marketing collateral, etc. Try to bootstrap your side hustle as much as possible. Spend as little money as possible and as you start making more money you can always invest in things that will help you expand your business. Set a budget and stick to it!

Day Seven: Start!

At this point, you should be ready to get started. Go out and start offering your product and service. Don’t worry about being perfect at this point because you won’t be. You will learn and refine your skills as you go on. And always remember, everyone started as a beginner! You will get better and learn with each mistake that you make along your journey. Have grace with yourself and push forward.

There you have it, how to to start a side hustle in just seven days. You are well on your way to the financial security and wealth potential that a side hustle provides!

Ready to start a side hustle? What part of the side hustle journey do you struggle with or have questions? Leave a comment below!

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