Thursday, 8 February 2018

Have You Thought About Joining The Side Gig Economy



If you have a skill or passion that's not being used to its full potential, it may be time to consider using this to supplement your salary with a side gig.

What is a Side Gig?

A side-gig or side-hustle is something you do in addition to your regular job. It's a way of creating another stream of income, eventually taking this full time (if you wish to).

It's not a fancy way of labelling a 2nd job, side gigging is totally different. Back in the days people were moonlighting to make ends meet, side gigging is creating something for yourself and growing this into a business with an end goal of more income and more time. It's taking something like a hobby or interest and finding a way of making an income from it. With e-commerce sites today such as Etsy, eBay, and Fiverr it can be really simple to start up with very little capital (my start up costs were £0!)

How to find your gig?

What are you good at? What do you enjoy? This could be something that you may have never thought of before but it can be something simple. If you are fluent in another language, you can teach it, my partner has a side gig as an interpreter. If you love making or customising your own clothes, sell them online - there could be a market out there for you. It can start from just helping somebody out, such as walking a friend's dog. There are lots of start up companies right now where you get paid to pet sit or house sit.

There was just an article I read today, a 15 year old pupil has built a £50,000 tuck shop business! It started with him selling sweets and drinks to his fellow pupils from the boy's toilet in his school, and now has expanded to other schools in his area. You can even start with something linked to what you currently do. If you're a PA and good with correcting grammar and writing, there are people out there who will pay for your skills. I know someone who makes a good extra income by editing blogs and online posts in English for Chinese writers.

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