If you have decided that this is the year you are going to follow your dream side hustle like building your own app, publishing your own app, or any other project you want to do, then you know you are going to need some cash.
This is not about applying for a business loan or looking for investors; this is the extra funds you are going to need to take off your project from the ground. Let’s say you are interested in publishing your book, you are going to need the services of a professional editor. If you want to start an online shop, you need to get a domain website, which will require some money. Below are some quick and easy tips that will help in making the side hustle come alive.
1. Taking a bit from each paycheck
This is the easiest step if you are a full-time employee getting a monthly check. The best method is setting up a system that is going to transfer a certain amount from your paycheck into a different account. You should make sure the other account is meant for only your passion project and nothing else. Another good option is using an auto-savings app that will give you the chance of saving small amounts of money and you don’t even feel the impact. Some of the apps you can give a try include Acorns, Digit, and Qapital.
Maybe you have a full-time job and it is hard to work on freelancing jobs. But if you can set aside a few hours every week, you can end up with extra savings every month. There are many freelancing websites like Sribulancer.com and freelancer.co.id where you can find freelance gigs.
3. Cutting out the recurring bills
Go through your monthly bank statements to see where your money is going. Look at your monthly expenses, especially the subscription services that you don’t even still need. Some of the subscriptions include apps, magazines, or other services you don’t need.
4. Selling your old stuff
It is common to see fashion influencers selling secondhand clothes on their social media platforms. Why not give this a try? Those clothes you have only worn once before, do you really need to have them? If you choose to get rid of that stuff you have not used in a long time, you can make some cash in the process. Watching Tidying Up by Marie Kondo on Netflix will help you learn more about the benefits of clearing up your space. Doing it is going to help in clearing your mind and setting you off on the right path.
5. Try to keep costs low
It is hard to estimate the potential costs of a project because they usually come in different shapes and sizes. A good way of keeping the costs low is by doing things yourself. You can take time to learn more about social media marketing instead of hiring someone to do it for you. This will allow you to use the money on other aspects of the project.