Stacking Cash: Adding A Side Hustle To Your Side Hustle
/When you take the plunge and go freelance you have got to start diversifying your efforts, not just in terms of your professional skills, but also earning money. For so many people, a side hustle is crucial, but for others, they have to go a lot further to earn a real living. And as you are building your freelance business, you may need to do a ton of side hustles to make ends meet. This was my experience! I bartended, taught dance classes, joined brand ambassador teams, assisted wedding planners all while building my Money & Mimosas!
If you are looking to earn a decent amount of money so you can keep yourself financially afloat, adding a side hustle to your side hustle may be the way to go. But what are the best ways to do it without burning yourself out? Keep reading for some ideas.
One my many gigs was being a model for local, small businesses. It’s fun and relatively stress-free.
Earning A Passive Income
Passive income is one of those financial terms we hear a lot about but seldom understand. A passive income can be a way to earn money with minimal effort. However, minimal can be misleading as it does require an upfront investment of time, money or both. Affiliate marketing, bitcoin mining or some of these thirty side hustle ideas can all generate income with minimal effort once you lay a solid foundation. If you are hesitant about something like bitcoin mining, you can receive a no obligation price quote to see if it makes financial sense for you. Bitcoin mining is not for everyone and it definitely involves risk, so keep that in mind as you research that or any side hustle option. With most side hustles, you will have to work hard at acquiring the knowledge first. But once you do it, it can prove pretty lucrative.
It's Not Just About Earning Cash
There are so many different cashback rewards sites that make it possible to save money. Saving money can be just as helpful as making more money. You can diversify your earning power by utilizing cashback rewards sites or cards to pay for your grocery shopping or other activities. Using reward points means you have a lot more money in your bank account that you can either invest back into your freelance business. Earning cash isn't just about getting paid to do a job, it is also about finding other approaches to pay for expenses.
Using Your Other Passions To Earn Money
If you are working as a freelancer and you are in one specific field, learning to diversify your efforts can mean that you are able to earn more money. If you haven’t already, be sure to read the 10 ways to make an extra $10,000 in your business article.
As you think about diversifying your revenue streams, also consider your passions, skills and talents. For example, as a photographer you can offer wedding and personal branding services. If you have a unique approach to editing your photos, you can teach others your editing process through a digital course or e-book. You can also sell your stock photos to websites such as Deposit Photos. Diversification is key to creating financial freedom and building wealth.
About Money & Mimosas: Money & Mimosas was started as a passion project by Danetha. A former NFL cheerleader turned entrepreneur, she started blogging as a way to combine all of her passions into a career. Money & Mimosas is now enjoyed by readers in over fifty countries with the same dream of achieving financial freedom without living frugally.
