Becoming an entrepreneur isn’t so easy. May you be working in the 9-5 shift job and you want to quit it or maybe you are struggling in the early stages of a startup, it can be challenging to stay financially buoyant. But there’s a solution: find a side hustle.
It is a great way to earn some extra cash that enables you flexibility for getting what you are interested in. You can start with understanding your true passion which may be travel, fashion, etc. whatever you care more about without quitting your day job.
If you are searching for ways to earn few extra bucks with a side hustle, you will find hundreds of strategies.
But prior to starting a side hustle you will need to examine 4 components as below:
Do you fulfill a need or want?
Similar to any successful business, if you plan to make money with your side hustle then it should understand the consumer needs and wants. If their need matches your passion, you will be able to earn good. For example, every homeowner needs to get some things repaired on time. If they don’t want to invest their time into this, they are going to need someone to take care of those things. So, a home-repair side hustle will help you get a large customer base as you are going to fulfill the needs of them.
Discover your passion
You can think of a side hustle as a hobby as it can help you make enough money. A hobby isn’t something that you won’t enjoy doing and if you are unhappy with your side hustle you won’t be doing it much passionately.
You can also become a personal trainer as it can be a profitable business for you. Just taking a personal-certification course and setting up a website isn’t going to work if you don’t actually enjoy doing exercise and help people to achieve their goals.
This also means that one can’t learn to be passionate about something.
Don’t think about money at the start
There is a very popular quote “Do what you love and the money will follow”. But it should be changed to “Do what you’re good at and the money will follow”. Having a proper plan for starting a side hustle is a good idea but creating several spreadsheets for the ways you will grow your ROI prior to even understanding what your side hustle is, isn’t good at all.
You should also limit your money to be spent on this side hustle at the start. There will be some businesses that will cost more as compared to others, but several successful side hustles start at lower costs and then expand their budget as their business grows.
Can you grow it further?
If a business is successful and flourishing, it always grows upwards. Definitely, there will be up and downs but growth won’t stop if your side hustle is going to fulfill the requirements of consumers for a long time. You can find a good sign of this in the industry and field you serve. If that particular industry is growing faster, there is more potential for rapid growth of your own business. For example, the technology sector is thriving at a fastest rate, several app developers, social media strategists and related startups are growing rapidly.
This means industries that are growing rapidly can be considered for a side hustle. If there is a large client base you can serve, your side hustle will get more room to grow.
Do you know even web hosting plays a key role in bringing your side hustle online?
Yes, when you design and develop a website it needs to be displayed to the world and this is what web hosting does for you.
MilesWeb is one of the best web hosts that helps you to take your business online easily and that too at affordable prices. You can design your website using the most popular CMS “WordPress” and host that on a WordPress hosting India platform.
Let’s check the WordPress hosting plans of MilesWeb.
The best web hosting company of India, MilesWeb has its headquarters based in India. The company was founded in 2012 and since then has focused on offering the best web hosting service at an affordable price. They cater all types of businesses and ensure that all their requirements to take the business online get fulfilled. The web hosting solutions comprise of Linux and Windows shared hosting, cheap VPS hosting, cPanel and Windows reseller hosting, dedicated, WordPress and DigitalOcean and Amazon (AWS) cloud hosting.
They have helped many side hustlers to take their business online with their web hosting services. Also, since they offer managed hosting, you don’t need to worry about the technical tasks such as server management, installing updates, etc. All this is taken care of by their team. Their team is available 24/7 to help resolve the clients’ queries instantly. Also, their Tier-3 and Tier-4 datacenters help them to offer 99.95% uptime. If your web hosting requirements don’t get fulfilled with their services, you can claim for the refund within 30 days of the service purchase.
Managed WordPress Hosting
- Fully Managed WordPress
- Free WordPress Migration
- Intel Xeon processors with SSD storage and hardware RAID 10
- Free Domain
- Automatic WordPress Updates
- Fast SSD Storage
- Free SSL Security
- WordPress Preconfigured
- Fast Provisioning
- Secure Email
- Datacenter Choice
Other WordPress Hosting Features
- Cloudflare Railgun
- HTTPS By Default
- GZIP/Brotli Compression
- SFTP Access
- Dedicated WordPress Support
- Daily Backups
- Server-side Optimizations
Finally, turning your hobby into a thriving side hustle is somewhat hard. But, if your hobby has above key elements in place along with a good web hosting provider like MilesWeb, there should be no reason for it to become a long-lasting success story.