We’ve probably had that one idea of setting up our own flower shop, baking our own pastries, doing some event planning, or writing captivating articles for a magazine once we have some free time in our hands. But most of the time, we’re still a bit iffy when it comes to making money through our hobbies. Most of the time, it doesn’t necessarily work out, but other times, people can make money through their craft. Just like what they say, “if you’re good at something, never do it for free.”
Is It Possible?
To cut directly to the chase: yes, it’s possible to make more money no matter how busy we are. Theoretically, time is merely a social construct, and as long as we’re always working, we’re bringing in money to ourselves. But that doesn’t mean time does not exist; it’s there for us to have an orderly way of going throughout our day.
Sometimes, juggling between different jobs from different industries can be tedious, but it makes up for it with a good paycheck. Sure, it might be a good idea to have a sideline that you can do during your spare time, but it’s easier said than done.
It’s important to note that sidelines don’t necessarily have to be about money. If you genuinely want to help individuals, such as becoming part of a patient advocacy organization, it’s still possible to have time for that. Of course, some advocacy groups that do pay you for your service.
Sometimes, people earn more than what they make in their full-time job since they can experiment on different tactics and strategies in marketing their skill or product. But people still want to stay in long-term day jobs since it’s more stable than having a fluctuating paycheck.
Factors to Ponder On
But just like when you’re going to your day job, you have to ask yourself if you’re mentally and physically prepared for having a sideline.
Here are some crucial factors that you should consider:
Time — If you have a sideline, you have a full-time job that you have to commit 8 hours of your day. If this is the case, then a third of your day is already done. If you’re running your own business, the time you’ll be working on should be flexible. If you’re a part-time employee, you might want to settle for around 4 hours of work. After all, you still need to have time for yourself.
Energy — Other than proper time management, you will need to have the power for your part-time job. Ask yourself if you still have the energy after working 8 hours in a day. If you don’t have any full-time work, then that’s wonderful on your part. Some would suggest having some time for yourself, exercising, or taking a nap right before proceeding with your sideline to increase your energy levels.
Commitment — Next, your responsibility needs to this venture will need to be taken into account. A sideline is, well, a sideline. So it’s not something that you should be stressing about. Do you consider your sideline a hobby? Is it something that you can live without? There are just some questions that you’ll need to ask yourself.
Optimizing Your Sideline
Here are some simple essential tips when having your sideline:
Consider Your Skills
First and foremost, you will need to conduct some research on what you want to do. Are you planning on offering your services as a roofer? Do you plan on selling pastry to your full-time co-workers?
Several factors can determine prices within your area, and you might have to make adjustments based on these factors. For instance, if there are competitors, you might be inclined to adjust your quotes to a more suitable rate.
Have a Purpose for Your Income
Most individuals will spend out of their habit. You probably have a good reason why you’re spending most of your free time earning more instead. Setting long-term goals, such as paying off your mortgage or your car loan, can help you save more.
Lastly, if the majority of your time is placed on working and generating and income, you can use that income to gain momentum instead. Investing in your own business will help save up time and energy that you might have to spend in the future. The more than you invest, the more you’ll be earning; practically, it’s a snowball effect in finance.
Ultimately, you’ll need to give yourself time to breathe in between your work. It might seem like a daunting task during the first few weeks or months to juggle your sideline with your full-time job, but as long as you are confident with your skillset while keeping good composure, it’s easier to manage your time.