5 Ways a Side Hustle Can Benefit Your Skills, Career, and Success
Your side hustle provides you with the opportunity to be your own boss, while your day job acts as a safety net, providing you with a regular income.
Thanks to modern technology, we have plenty of options at our disposal when it comes to finding a job or seeking out additional means of income. Let's say you're in a situation where you have a great job and you get along really well with your coworkers, but the salary is not exactly what you expected. Sure, you could find another job that pays more, but good people and a healthy work atmosphere are hard to come by. The solution? Find a side hustle that will help you supplement your budget.
Not only is it beneficial when it comes to your finances, but it can become a full-time job opportunity that acts as a backup plan in case you lose your primary job. Also, your side gig will require you to adopt new knowledge and expand your skill set, which will make you a better job candidate in the future.
With that being said, let's take a closer look at all the ways your side hustle can help you grow your career and find success.
#1 You'll Learn Better Time Management.
You have everything to gain and nothing to lose by having a side gig — apart from your time. If you already feel like you're always short on time and you're working one job, it will become twice as hard when you start your side hustle.
However, this is a good thing in a way, because it will force you to make the most of your hours during the day. In other words, you'll need to learn to manage your time and create a schedule for each day and each week. That way, you will not only be able to keep up with all the meetings, deadlines, clients, and projects on both jobs, but you will also save yourself from burnout.
No matter what job you're doing on the side, an additional source of income will enable you to start generating passive income — and that's where the key to building wealth truly lies. For example, you can use that extra money you've earned to finally start investing in some good dividend-yielding stocks, and you won't be making a dent in your regular salary or having to invest more of your time to earn money.
#2 You'll Obtain Freedom
Your side hustle provides you with the opportunity to be your own boss, while your day job acts as a safety net, providing you with a regular income. On the other hand, if you manage to get your part-time or freelance gig to a certain level in terms of success and earnings, that can also provide you with peace of mind. If you were to lose your full-time job or quit, you would still have something to fall back on. Once your side gig starts earning you more than your day job, you might even consider embracing that freedom completely and call your own shots.
One of the best side gigs that enables you to gradually build your business from the ground up and earn a sizable income is building affiliate websites. The most important step is to choose a niche that won't bury you under a mountain of competition, but that is still profitable. After that, writing all the reviews and buyers' guides is the easy part. And if you're successful there is an excellent opportunity for an eventual sale of the affiliate site down the line that could bring in a sizable amount of money.
#3 You'll Build New Connections and Opportunities
In most cases, your side gig will require you to do research and acquire new skills and knowledge and then seek out your first client, which is the beginning of your new network of contacts. You might turn to specialized forums, Reddit, and LinkedIn, where you can make connections with relevant people in your industry.
Naturally, having additional skills and experience will make for a killer CV and portfolio, which will provide you with a significant advantage over other people in your field should you ever decide to look for a different full-time job.
For instance, if you are a content writer, you can branch out into social media, SEO, SEM, or technical writing. There are plenty of blogs, ebooks, and courses online, both paid and free, that will enable you to pick up all the necessary skills in no time.
#4 You'll Learn to Adapt
Even the most challenging day jobs settle into a routine after a while, especially after you learn to do it really well. Your side gig might offer a welcome change of pace. You will have to adapt to different clients, projects, situations, and requirements. And because your side hustle makes you your own boss, there is nobody else you can rely on other than yourself, which means you will need to deal with just about every single aspect of the business singlehandedly.
Sure, it's a challenge. But once you get past it, you will find that there will be very few situations, even at your regular job, that you won't be able to handle.
#5 You'll Perfect Your Communication Skills
You know how difficult it can be to make that important phone call or put together an email in which you're asking for something. Well, your side gig will have you pushing through those barriers, and all those different ways of communication will become second nature to you. It doesn't matter if it's a phone call, an email, or even a meeting in person.
You will also find that your day job will benefit from your sharpened communication skills, especially if it involves customer support, marketing, audience targeting, and just about any kind of teamwork. Being able to listen and voice your concerns and ideas is crucial regardless of your area of expertise.
Having a job on the side might require some sacrifice initially, but it doesn't have to be so taxing. If you do it right, you will not only be able to earn more money but also become more productive, engaged, and better equipped to make the most of your time. Good luck!