If making money on the side is your immediate goal, and staying home with your kids, or leaving your day job is the end goal, there are a few things that you need to know and a really important mindset change that you will need to do BEFORE you will make any realistic progress.
Firstly, if you’ve never worked from home before, you need to accept that money does not just come from an employer.
An online income can come from lots of difference sources ranging from Matched Betting to being a Virtual Assistant.
But any online income is a huge change to your money mindset if you’ve been in paid employment for a long time.
It’s taken me over a year since I started my money making journey to really accept that this making a living online isn’t a pipe dream. This is a reality for many people and it can be a reality for me.
But making money online isn’t as easy as a steady job.
When you have a steady job, you can turn up and get paid whether you work at 50% effort or 100%. Unless you’re on commission, you’ll still get paid all of your wages.
But if you want to make money online and you’re only prepared to work at 50% effort, you won’t get paid very much! Sure, there are easy side hustles, but you still have to put in 100% effort to kick start your side business.
Here are my 5 tips for making sure that you can realistically earn a decent income online:
#1 Do Something
All of the best side gigs in the world start with one thing in common. TAKING ACTION.
If you get home after a hard day’s work and a busy commute home and expect to put your feet up and not do anything towards making your dream of leaving your 9-5, nothing will actually happen.
You’ll still be working your 9-5 in a year’s time.
A small action, even just ticking off one thing from your To Do list is better than nothing at all.
Do something everyday and the results will build quite quickly.
The worst you can do is to do nothing for 3 or even 6 months. Then you’ll wake up one morning with the sinking realisation that you are no nearer to your dream.
#2 Choose ONE Path
This is my biggest downfall. I get so easily distracted, I find it difficult to really focus on one thing and see it through until I get results.
When it comes to starting a side hustle, getting distracted by lots of different ideas and goals is not a good thing!
Think about what you want and how you will get there.
What do you need to do to make that happen?
For example if you don’t want to work 1-2-1 with customers, don’t offer your services as a freelancer. But blogging or matched betting could be perfect for you.
Once you’ve figured out what type of side business would be best for you, start a plan, write your To Do list and stick to it like glue.
#3 Ask For Help
There are 2 types of people in this world that refuse to ask for help.
People who are stubborn and think “I can do this myself”.
Even when it’s clear that they don’t have clue what they are doing, and are making matters worse by even attempting to do it themselves.
Men who refuse to ask for directions when they are lost in the car, are a perfect example of this.
Then there are the martyrs.
They believe that have to do everything themselves. They don’t like asking for help because they don’t want to bother anyone. Or they think that people won’t want to help them.
They are frustrated that they cannot get everything done or don’t have enough time, but they still won’t ask for help.
Women, especially mums, are guilty of this (I definitely am!).
But I’ve had to learn the hard way that having to do a full time job, plus doing the cooking, the housework, my website, setting up an email list and scheduling my Pinterest pins, as well as writing a blog post, usually means that either things get done badly or they don’t get done at all.
Ask for help and support from whoever is around. Either other members of the household when it comes to cooking or cleaning. Or online support networks if you have technical questions or need advice or just a bit of support.
Automate as much as possible. For any repetitive tasks that can be outsourced, hire a virtual assistant.
If you are still working in your 9-5, this is so important. Use what little time you have available to concentrate on money making activities.
#4 Set Clear Goals
If you start out with the intention of making money on the side. Decide how much extra money you would like to make this month.
Then decide how you will do that.
Get a To Do list or a schedule together aimed around this goal and stick to it.
When you have a clear goal, it is so much easier to achieve as you know what you are aiming for.
When you know you want to ‘make extra money’ but you don’t know how much, or how you will go about earning it, you are fumbling around in the dark!
How will you know that you have achieved your goal when you don’t even know what the goal is?
Get clear about what your goal is and why you want that goal, and stay focused until you achieve it.
#5 Find Your Passion
OK, disclaimer here. I love blogging. I like to write and I enjoy messing about on WordPress and also enjoy using Pinterest. If I didn’t like doing any of that, I wouldn’t bother having a blog.
But I hate surveys.
A lot of ‘make money online’ blogs will tell you to sign up for surveys as one of their top ways to make money. Admittedly some people do enjoy it (I honestly don’t know why, but they do!).
The point is, everyone is different.
They wouldn’t want to put the effort in to do those things – so they wouldn’t make money at them. But they may like doing surveys.
Find your passion. Or at least the thing that you enjoy doing and think that you can make money from, and work from there.
Making money on the side can be hard work! Especially when you are doing it as a side gig after your day job.
Set your goals around what you enjoy doing. Don’t make life harder for yourself and force yourself to do things you don’t enjoy.
If you have any of your own tips (or questions) about making money on the side, leave a comment.
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