Side Gig: The Essential Guide

Woman waving hands in the air. How to Supplement Your Income With A Side Gig.

How to Supplement Your Income With A Side Gig: The Essential Guide

In today’s side gig economy, many people are looking for ways to make extra money on the side or to replace the income they’ve lost due to being laid off or underemployed. After all, unemployment rates are at an all-time high. But the good news is that now more than ever, there are many ways to supplement your income or make some extra money. Here, First Financial shares some ideas to get you started:

Offer Freelance Services

If you have a skill or talent that others need, consider offering your services freelance. The gig economy in the U.S. is booming, so this is the best time to get started. There are many websites and platforms, such as Fiverr, Upwork, and Freelancer, where you can market your services and connect with potential clients. The best part about freelancing is that you’ll be able to use your pre-existing skills or experience to get started. For example, if you have a keen eye for detail, organization, and problem-solving, you could offer freelance interior design services. You can enhance your credentials (and earning power) by obtaining interior design certifications when listing your services. This certification, for example, will show potential clients that you have mastered specialized interior design skills.

Start Your Own Business

Starting your own business is an excellent option, as this will ensure you make money and the hours you need on your own schedule. When doing so, do your due diligence on the ins and outs of running your company. You should research selling and marketing strategies and deeply understand your niche and demographic. Another essential element is business structure. Forming an LLC for your business structure has several advantages, such as tax benefits, limited liability, and reduced paperwork. States have different regulations around LLC formation, so check out the rules in your state before moving ahead. And if you’d like to avoid the hefty lawyers’ fees and legwork, you can use a formation service to simplify the process.

Potential Side Gigs

In addition to the options mentioned above, there are so many more side gig opportunities out there! You could also utilize talents you may have that you didn’t know were marketable. Let’s see some ideas below:

  • Pet sitting services: If you’ve always been good with animals, you could start your own pet-sitting empire.

  • Social media marketing: Always been good at handling socials and have a prowess for organization? Social media marketing may be calling your name!

  • Create an online course: If you have specialist knowledge in specific topics such as traveling tips or healthy cooking, you may want to sell an online course or ebook.

Finding Work

There’s no one answer for how to find work you love. The important thing is to keep exploring and trying new things until you find a career that suits you. Talk to people in different fields, take on internships, and volunteer for organizations you’re interested in. Once you have a better idea of what you want to do, research different companies and look for job openings that match your skills and interests. Don’t be afraid to apply for jobs slightly out of your comfort zone – you never know what you might end up loving. The most important thing is to stay positive and keep exploring until you find your perfect career.

Ready to get started on making that moola with a side gig? Whether you’ve been laid off or just looking to supplement your income, remember that there are so many options out there! No matter your skill, experience, or preference, you’re sure to find the work you are looking for.

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