How to start a side business
Many professionals aspire to land their dream job, but with rapidly changing business landscapes and candidate markets, some have embarked on different paths as entrepreneurs. While they can still move up the corporate ladder or change jobs to find more fulfilling roles, in the meantime, they can earn money by leveraging their talents and skills.
If you’ve ever pondered the idea of starting a side hustle – whether it’s becoming a rideshare driver or a freelance writer – now is the time to start a lucrative new business. Before you launch your side hustle, however, you’ll need to invest in a few essentials to get you off to a flying start.
What you need to know about starting a side business
What is a side hustle?
Simply put, a hustle is work that someone does outside of their regular or full-time job. It is one of the most flexible forms of work, more so than some part-time or per diem jobs. Secondary hustlers are their own bosses and take on as much or as little work as they want, making it easy to create schedules that fit their lifestyle.
How popular are side hustle?
Side hustles are the lifeblood of the gig economy, which has grown over the past five years. They exploded in 2020 and 2021 to meet new pandemic needs, which included food delivery drivers, on-call workers and freelancers. A 2021 Pew Research Center study found that nearly 16% of Americans make money by taking gigs like these through online platforms, such as DoorDash, Uber, and TaskRabbit.
The number, however, represents only a small sample of side scammers. This does not include other entrepreneurs who attract customers and gigs through off-platform channels, including word-of-mouth and local and online advertising.
Why should you start a side hustle
Side hustles are a convenient way to make money, but that’s not the only reason people are riding the entrepreneurial wave.
Many scammers admit that their side job is more fulfilling than their full-time job, especially when it taps into their hobbies and interests. Others think side hustles are an affordable way to start a business and scale it, especially if you have little or no start-up money. Side activities also provide valuable networking opportunities for professionals considering major career changes.
How much does it cost to start a side business?
The cost of starting a side business depends on several variables, including the nature of the work, supplies, and travel expenses.
For some people, the initial investment may be only a few hundred dollars, while for others it is a few thousand. If your budget is tight and you need financial assistance to start a side business, contact your local Small Business Administration chapter for information on resources and grants.
Everything you need to start a side business
Once you have enough money to start your side business, you can start buying essential supplies. On the other hand, if you’re not sure how much money you’ll need, it’s worth browsing through products and prices to estimate your startup budget.
HP ENVY Inspire All-in-One Printer
From scanning expense receipts to printing presentation documents, every secondary scammer needs a capable printer. This new HP model is designed for productivity with a print-anywhere companion app, advanced photo printing features and automatic two-sided printing.
Sold by resume
Lenovo ThinkPad X1 Yoga 2-in-1 Business Laptop
Devices need to be as flexible as a hustler’s schedule, which makes this ThinkPad 2-in-1 a wise investment. It offers a smooth user experience and has a long battery life, making it ideal when working on the go.
Sold by Lenovo
Cosco Diamond Series Folding Table
Scammers who make and sell products, from wood crafts to homemade body scrubs, benefit from a portable table. This model is easy to transport to any trade show or trade show, thanks to its foldable design and briefcase handle.
Sold by Amazon
DeWalt 20V Max Cordless Drill Kit
There is a good amount of money to be made with on-call furniture assembly and small home repair jobs. The DeWalt Drill Kit has a cordless design so you can work on those projects anywhere, without being tethered to an outlet.
Sold by Amazon and Home Depot
Gorilla Supply Pet Waste Bags
One of the most popular side gigs is dog walking, and there’s a growing need for this service with many professionals returning to the office this year. These pet waste bags are essential for picking up your favorite four-legged customers, and they double as car trash liners.
Sold by Amazon
Ryobi 40V Cordless Trimmer and Trimmer Combo
If you have a knack for lawn care, starting a weekend landscaping business is a worthwhile venture. The Ryobi Cordless Combo has all your lawn mowing needs covered and precision trimming around sidewalks and flower beds.
Sold by Home Depot
Chemical Guys Arsenal 16 Piece Car Wash Kit
Mobile car wash services have low start-up costs because most cleaning products are affordable. Side hustlers get their money’s worth with this 16-piece kit that includes everything they need for a spotless cleaning of the vehicle’s interior and exterior, including a foam gun and polishing cloths. microfiber.
Sold by Amazon
Garmin Drive 51 GPS navigation system
Since ride-sharing and food delivery services offer flat rates, many drivers optimize their time by finding the fastest routes with GPS. This standalone unit, which includes lifetime maps, is a cost-effective alternative to smartphone navigation apps that use data.
Sold by Amazon
Canon EOS Rebel T7 DSLR Camera Bundle
High-tech lucrative side gigs include content creation, social media management, and becoming an influencer. The Canon Deluxe Kit is ideal for taking high-resolution photos and videos, indoors or outdoors, thanks to three filters and a shake-resistant tripod.
Sold by Amazon
Reebok Women’s Nano X1 Training Shoe
Becoming a fitness instructor is a fun way to make gains, both physically and financially. This Reebok cross-training shoe is suitable for high-energy group fitness classes with lightweight FloatRide cushioning and a breathable knit upper.
Sold by Dick’s Sporting Goods
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Sian Babish writes for BestReviews. BestReviews has helped millions of consumers simplify their buying decisions, saving them time and money.
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