Should You Start a Side Hustle Right Now? (Pandemic Crisis)
If we know one thing for sure it’s that life is uncertain. Even tomorrow is not promised, which can be a scary thought.
With the introduction of the Coronavirus into our lives in the year 2019, everything rapidly. Jobs were lost, financial burdens were placed on families, plans were canceled, and the general question of “what’s next’ loomed over everyone’s heads.
Basically, a lot of things stopped suddenly and a lot of uncertainty settled in.
So where exactly does that leave entrepreneurs and creatives?
As someone who has been passionate about encouraging people to start a side hustle, you might be wondering if now is an appropriate time to go about starting a business.
There are pros and cons to everything. The biggest pro for starting a side hustle right now is that most people are already forced to be home allowing for extra time many people didn’t previously have. A huge con, of course, are finances.
So should you or shouldn’t you start a side hustle right now.
I believe that starting now is as good as any time.
Yes, there might be a pandemic happening and yes, many people aren’t sure what the immediate future holds, but why let that hold you back from pursuing something that you are truly passionate about and truly believe in?
By the time this pandemic is over, you could have a thriving business or side business established. All you have to do is get over the fear and worries and start.
While it’s easy to focus on all the reasons why starting a business right now isn’t a good idea, here are the top 3 reasons why it’s a great idea to start now + ideas on what side hustle to start
1. Employment isn’t as certain as we all thought
It seems like overnight millions of people lost their jobs.
These are people who range from basic minimum wage workers to CEOs to company Vice Presidents. If this pandemic has taught me anything it’s that employment is not as secure as we all initially thought it was.
Just because you’ve had a job for 10 years and have established a good rapport with your bosses doesn’t mean your job won’t be in danger if a crisis comes along.
On the flip side, when you work for yourself you are your own boss. You might not be able to go out and start a full-time business immediately, but if you start a side hustle you can work on building up a business on the side. After a while, you will likely have the option to either keep your business as a side hustle or to scale it to a full-time business.
Regardless of your plans for your side hustle, you will be in charge of your own employment opportunity without the risk of someone laying you off during a crisis.
2. Growth takes time
It can take quite a while to build a business from scratch. That’s why they always say “the sooner you start the better.”
If you want to start a side hustle that is entirely online, it takes time for your website to build rank or for your ads to really work.
If you want to start a brick in mortar business where everything is done in person, it can take time to get everything delivered and organized.
Statics show that most businesses actually lose money within the first year. That’s because there are plenty of resources that go into getting a business off the ground.
With that in mind, get that growth process going as soon as possible and start a side hustle right now (even during this pandemic!).
3. Add a second stream of income
One of the main reasons I encourage people to start a side hustle is because it provides an opportunity to get a second stream of income.
This Coronavirus pandemic left a lot of people struggling financially and needing more money. A second income from a side hustle would have been a great opportunity for that additional money.
And if you’re thinking that it’s strange to have multiple streams of income, did you know that the typical millionaire has on average 7 different streams of income?
A lot of rich (and successful) people understand the importance of diversifying their income, and a side hustle is the best place to start.
But remember, since growth takes time, you likely won’t be rolling in the dough right away. But that’s totally fine because it’s all part of the process.
What Side Hustle Should I Start?
Yes, some side hustles will be easier to start during a pandemic than others. Don’t let that discourage you. Once you know exactly what business it is that you want to start, go for it! Sit down, make a plan, and kick some business butt.
Here are my top 3 favorite side hustles that would be great to start at any time, but especially during a pandemic.
1. Start a Blog
Blogging is not dead. I repeat, blogging is not dead!
There are so many people that make a sustainable and comfortable living just from running a blog. And then, there are people who are making literally hundreds of thousands of dollars a year from blogging. That is just further proof that blogging isn’t dead.
If you have ever thought about starting a blog, the time to start is now! Don’t keep putting it off. There are so many benefits to starting a blog:
- You get full creative outlet over your blog
- All your success is based off of your own hard work
- A blog is a profitable side hustle and a great way to earn a passive income
- Running a blog can turn into a full-time job/income in a short amount of time
- Blogging is extremely fun and very rewarding
- Blogging gives you the chance to help a devoted audience and readership
If you don’t know anything about starting a blog, don’t worry! It’s actually really easy. The first thing you need to do is sign up for a hosting site. The reason you need to host your blog on a professional site is so that you can actually control and own your blog.
When you have a .com or a .net, you are the true owner rather than if you have a .blogspot.com, which is not owned by you. Simply put, you need to spend the few bucks to claim rightful ownership. And, it really is only a few bucks, $3.95 to be exact. That’s extremely cheap, especially with all the money you’ll be making in the near future from your blog.
Once you’ve signed up for your website hosting, the next step is to find a niche that you want to blog about. I recommend that you focus in on a specific niche so that your audience always knows what to expect from you. From there, start cranking out blog posts and when you’re ready to monetize the money will soon follow.
Remember, it’s better to start sooner rather than later. To set up your brand new blog, which takes roughly 15 minutes, head over to Bluehost and get signed up for only $3.95. This is by far one of the best and most lucrative side hustle from home ideas you can start right now.
Recommended – – – > How to Start a Blog – Easy Quick Start Guide
Believe it or not, YouTubers can make a ton of money. Some people might think that YouTube is just for teenagers to film themselves doing dumb things, but the truth is that it is a valid side hustle from home business that’s profitable and allows for total creative control.
Just like anything, monetizing YouTube takes a while and is not an overnight success. However, with time and persistence, it can become a full-time gig.
With the way society is evolving, YouTube will only get more and more popular. YouTube went from funny cat videos to people vlogging their lives, posting tutorials, and offering educational information.
Personally, I watch YouTube every day because I love all the free knowledge it provides me.
If you’re thinking that it is too late to get into the YouTube game, you’re wrong! Just like blogging, YouTube is not dead. If you have a skill or knowledge of some sort, film yourself and share it with the world!
Audio transcription is in high demand with the amount of content that is being created on a daily basis. Not everyone wants to read an article or watch a video. That’s why so many creators are having their work transcribed.
For example, if someone makes a YouTube video, they might want the audio transcribed so that they can use the content in a blog post.
Or, maybe someone is writing a book by speaking it into audio notes. They will need someone to transcribe the audio into text.
People who work as transcribers make great money because you can charge per hour.
Fiverr is a great place to get started with a transcription side gig.