Sunday, January 31, 2016

How Your Side Gig Can Supplement Your Full Time Job

Between work, school, and paying off your student loans, finding that perfect life balance can be difficult. We are all looking for those extra ways to earn some cash when our salary doesn’t quite do the trick. Here are a few ways a side Gig can help you get ahead while still holding down a full time job.

Enhance your Skills

Endless opportunities abound. Take advantage by pursuing training opportunities and embracing new challenges. Stay current on trends in your field by reading the latest articles, attending meetings and sharing ideas. Then apply these skills and knowledge at your side Gig to earn some extra money like Gayle did with her health and wellness business.

Share Your Work

Create a portfolio or website showing what you can do. Whether you are a graphic designer or a blogger, make sure to publicize your work like Alicia did to reach a wider audience for her knitted products. A public platform will help you launch your side Gig.

Grow your Network

Gather information on the industry, market, competition and potential clients by talking to others, attending events or even hosting your own gatherings. Bella, a teenage entrepreneur, successfully grew her business by hosting small parties. Spreading the word about your side Gig is essential to business growth.

Apply Your Passions in Your Side Gig

You’re after work hours and weekends are spent, or hopefully spent, doing what you love. Use the skills you’ve gained, such as that after work yoga class you enjoy or even baking cookies for your co-workers on Sunday night, and start up that side Gig you have always wanted. Fuel your hobbies and passions to make them profitable, like Andrea, who took advantage of the holiday season to sell her sugar-coated treats while working full-time.

Make Sure the Price Is Right

Research the price of similar services or simply ask others what they would be willing to pay you for your side Gig offerings. As you establish your pricing model, make sure to factor in the time and money you will spend promoting and managing your side Gig.

Build Your Savings

A side Gig can be a great way to earn some extra cash. Before you begin, set a budget and try to stick to it to keep your personal finances in order. Once the money starts coming in, put a percentage of your earnings into savings to provide you with solid foundation for the future. Kim was able to earn more from her side Gig than her full time job allowing her to build up her savings.

Manage your expectations

Side Gigs require hard work and determination. As you work your full time job along with a side Gig you will begin to understand what it takes to run your own business. Abby, who works as a blogger on the side of her full time job, has learned to succeed by having realistic expectations.




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