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8 Reasons Why You Need A Side Hustle in 2024

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I help women find freedom by building a business or starting a new side hustle. Becoming an entrepreneur is an exciting venture for anyone who wants to experience being their own boss, freedom, and flexibility!

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Side hustles are here to stay, not just because full-time jobs often fall short financially, but also because they offer the freedom to live life on our own terms. We’ve all got commitments that can sometimes only be met by having full-time jobs. If you’re thinking of starting a side hustle but need a little push, we’ve got just the right reasons for you. 

1. Adds To Your Income

Simple side hustles like freelance writing or graphic, consulting services, or smelling stickers and notebooks online can bring you $500 in profits monthly. More time-consuming but highly rewarding side-hustles like moving box rentals, photography, and videography, can bring you $1,000 to $2,000 in profits monthly. Align your skills and goals and find a side hustle you’re passionate about, so you can earn sustainability. 

2. Better Job Security

In an unpredictable job market, having multiple income streams makes you less dependent on any single source of income. It can ease anxiety over job security, as you solely don’t depend on your primary employer’s financial stability. 

3. Learn New Skills

If you pursue a side hustle that’s different from your full-time job, you’ll learn new skills. For example, a software developer can develop public speaking and event organizing skills by hosting online coding workshops. There’s also a bunch of soft skills that you’ll learn like time management, communication, crisis management, and customer service. 

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4. Test Business Ideas Safely

Before committing full-time, a side hustle provides a practical way to validate a business idea with minimal risk. For example, if you’re interested in opening a cafe, you might start by selling your baked goods at local markets. Feedback from customers and the experience gained can inform your decision to expand or modify your business plan. 

Not sure if you want to jump right into your business idea? Test it as a side hustle. If you want to open a cafe, start by selling baked goods and coffee at weekend markets or summer markets. Take feedback from customers and make informed decisions based on them. 

5. Build Your Network

Side hustles can expose you to new professional circles and communities. Attend networking events, participate in online forums, and collaborate with peers to make new connections that may lead to business opportunities, partnerships, or valuable friendships.

6. Reach Financial Goals Faster

Whether you are saving for a downpayment or a long-term saving plan, a side hustle will accelerate your progress toward financial independence. It can also help with mortgage payments later on. Work with a financial planner to learn ways you can earn interest and profits passively. 

7. Enjoy More Flexibility

Unlike typical jobs, some side hustles can offer the flexibility to work from home, choose your hours, and control the amount of work you take on. It can help you achieve a better work-life balance and handle other responsibilities like childcare.

8. Pathway to Entrepreneurship 

Your side hustle can surprise you and turn itself into a full-fledged business. If not that, it will ignite the flame of entrepreneurship in you. By then, you already have all the critical skills needed for running a full-time business. 

As you move forward, remember that the success of a side hustle comes from passion, commitment, and resilience. If you want to start a side hustle in the rental industry, take a look at our 14-week side hustle for rental moving boxes!