Starting With A Side Hustle
We get it. Even if your job situation is fine right now, everyone is feeling pressure. We don't know what's coming next, we don't know what will happen to the economy, and we don't know how secure our loved ones are.
We feel like we need to have options in case things really go sideways. One way to do that is to diversify and have more than one income stream coming in.
Plus, you never know if what starts out as a side hustle could become something bigger. You might feel like you're just reacting right now, but maybe out of crisis something great could arise.
So, maybe this is the time to start something that could eventually give you financial independence.
Image courtesy of Oberlo. https://www.oberlo.com/blog/side-hustle
Starting your own business
The great thing about a side hustle is that you don't have to commit all of your time and big chunks of money to something that may or may not work out.
Unless you're desperate, you don't need to go all in right away. Try something that interests you, and that you can learn as you go.
You could start a business that focuses on your skills or areas of expertise. This approach could be very rewarding if you love what you do, but it's more of a lifestyle business approach.
A different approach is to start a business that could become a passive source of income. Maybe you already have a career you don't want to give up. You're just looking for some additional income or something to fall back on if something bad happens with your current career.
The passive income business
Maybe it's obvious, but the biggest benefit of a passive income business is that your profits are not limited by the number of hours you personally put into your business.
If your passive income business can be scaled, you can make a whole lot more money. Passive income also frees your time to do the things that are the most important to you.
If you depend on a paycheck to keep the wolf from the door, it's likely that you have a fair amount of anxiety and stress in your life. But if you add some passive income to your regular paycheck it's amazing how much the anxiety and stress levels go down. So not only does passive income give you more time freedom in the here and now, it may also give you a longer life.
Side hustles that can provide passive income include:
- eCom dropshipping businesses
- Affiliate marketing – promoting other business's products or services
- Create and sell your own courses or information products
- Wholesale business, selling products on Amazon
Using The Wholesale Formula as a Side Hustle
Our top recommendation for a passive income side hustle is to build an Amazon wholesale business with The Wholesale Formula.
For us, it ticks all the right boxes:
- It lets you start small, part-time, and grow as big as you want.
- All of the day to day work can be outsourced, with good profit margins remaining.
- Success does not depend on luck – your income is predictable and repeatable based on tried and true processes.
- Startup costs are relatively small. Outside financing is not needed.
- Outstanding how-to instruction, high success rate and personal ongoing support from founders Dan Meadors and Dylan Frost.
Don't take our word for what a great opportunity this is. Attend the upcoming webinar presentation to find out more and get your questions answered.
The program comes with a 30 day, no questions asked, money back guarantee, so your only risk is not finding out more.
Click below to sign up for the webinar and to find out if this offer is still available.
Thanks for reading our Side Hustle post. We hope you'll find the right side hustle for you!