Side Hustling - Nov 29, 2023 Newsletter

Together with:

It’s showtime! 🎉

In this newsletter, we’ll be drawing back the curtains and shining the spotlight on side hustles. Read about a Millennial’s 6-figure side gig as well as our tips on starting your own.

🚨 PLUS… A big Cyber Week treat that will help you land the job you dream of.

The 28-year-old making 6 figures a year 💰

In 2017, Carter Osborne, who was a graduate student at the time, needed to find ways to fund his tuition. Although enrolled in public administration, he decided to try and monetize his writing skills by helping out high school seniors write their college admissions essays. ✍️

Going back to the consultant who had helped him apply to Stanford University previously, Osborne asked for advice on how and where to begin. That’s when his mentor referred 3 of her clients to him. And the rest, you could say, is history!

Osborne found that helping kids with their essays was very fulfilling — not to mention lucrative. The more he worked, the more clients he kept gaining; and, by 2021, he was earning a 6-figure pay. More specifically, that year he worked with 40 clients and made close to $ 144K. 💵

Even after landing a full-time job as a public relations account director, Osborne kept his side hustle, decreasing his number of clients a little. Despite that, his side gig still earned him over $ 77K last year... Which is incredible, considering that what it took to set it up was about $ 50 for Zoom and Squarespace profiles.

Make extra income with these side hustles →

🤝 TOGETHER WITH WEBSTREET

Where the smart money thrives, no matter the economic forecast

As stock markets 📈 shake and recession fears loom, WebStreet investors remain cool and collected, raking in profits. How do they do it? By connecting accredited investors with handpicked portfolio managers specializing in high-growth online businesses.

Their portfolio managers specialize in digital content, Micro-Saas, and Amazon FBA, so you reap the benefits of recession-resistant alternative assets. So far WebsStreet has delivered 12.1 % cash returns and is on track for 20 %+ IRR, showcasing the potential of their approach.

Now is your chance to discover high-upside online businesses with WebStreet. 💰 While others worry about market volatility, you can confidently invest in assets that stand strong in uncertain times.

Follow in his footsteps and become a writer →

How to pick the right side hustle 💡

A 2023 survey by Bankrate has shown that 40 % of Gen Xers, 50 % of Millennials and 53 % of Gen Zers have a side hustle. With salaries failing to keep up with the spikes we see in goods and housing, it makes sense that side hustles are becoming increasingly more popular.

But that’s not the sole reason why people turn to side hustling: some do it to develop their skill set and become more employable, while others do it with the intention of quitting their job and becoming their own bosses in the future. 🧑‍💼

If you’re toying with the idea of starting your own side gig, spend some time considering the following questions to arrive at the most suitable option!

• “What am I already good at?” If you’re looking to start earning on the side, you should pick a skill you’re confident in, and build a side hustle around that instead of attempting to learn something from scratch.

• “How much time have I got to spare?” Side hustles can require hard work as well as sacrifices. Be realistic: how many hours a week can you actually dedicate? This will play a deciding role in what you choose. ⏲️

• “Why do I want to do this?” For this one, you’ll want to write down the answer. Your “why” is going to be your guiding light when the going gets tough, serving as a powerful reminder.

• “How much can I afford to spend to set it up?” Some side hustles can be costlier to set up than others. If you aren’t able to or don’t want to spend upfront, brainstorm ideas that require no initial investing.

The more you tailor your idea around your existing strengths instead of the infinite possibilities of what you could be doing, the likelier you are to make your side hustling successful.

30 side hustles to consider →

Career boost bonanza: A Cyber Week special

100 % career goodness for 90 % less. Created by HR & career experts, our bundle features everything you need to land your dream job or change careers pronto.

_{Ends this Friday, December 1st}

Catch you on the flippity flip :)