These days, a lot of people are getting side jobs to increase their savings, pay off debt, or earn extra money for things like entertainment and vacations. And, ideally, you’ll manage to find another gig that you like to do.
But what if you enjoy your sideline so much that you decide to take it full time? It may be that you enjoy the job better than what you do in your main job, or there is in fact the potential to make more money. And if so, it’s worth going. But before you get started, here are three important steps to take.
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Step 1: Create a plan
If your side business involves waiting tables and you decide that you enjoy interacting with customers and have the potential to do well with tips, then going full-time is probably a straightforward matter. Just see if your boss can increase your hours. But if your sideline requires you to manage your own time, schedule, and client list, like taking care of pets or designing websites, then you’ll need to be strategic about making this your primary job.
Before you start, make a plan. Calculate how many hours you will need to work each week to earn enough income to support yourself, and figure out how many different projects or clients there are at a time.
Step 2: Network and Advertise
If your full-time sideline is something that you are going to do independently, like running any type of business, then you will need a strong customer base to stay busy and make enough money. To that end, it’s a good idea to network extensively before leaving your main job so that you can build up a stable client base (or at least the start of one).
Along these lines, determine how you will advertise your business. Maybe you’ll take to social media or post ads to local businesses. Make sure you give your business enough exposure that people know it exists.
Step 3: Boost your savings
Embarking on a new career path can be very exciting, but you can also experience a period of financial instability. For example, suppose you are starting a pet sitting business. You might start with just a few repeat customers before you know you’re good at what you do. And the last thing you’ll want is to fall behind on your bills during this time of transition.
That’s why it’s really important to top up your savings account balance before you get busy on your own full time. That way, you can afford a drop in income for a while while you fix the issues.
The best side activities are those that don’t feel like work or seem like fun work – not the kind you dread. If you enjoy your side job, maybe it’s time to consider turning it into a full-time job. Just make sure you check these boxes along the way.