Sometimes life can get a bit complicated and we could use a few extra bucks. Maybe an unexpected expense is coming up or you’re getting tired of your job and want to start looking for something else to do. A lot of stay-at-home moms also look for side jobs that allow them to stay home and take care of the kids while bringing in a few extra bucks.
In reality, most of us wish we can turn our passions and even hobbies into a side business. Research shows that there are millions of us out there who are learning how to make money with side hustles. A new study revealed that 27% of full-time employees have turned their hobby into a side business in some way, shape, or form.
55% of them said that they had a dream of one day starting a side hustle. There’s really no better way to make money than by doing it through something you love and enjoy doing. Let’s take a quick look at how you can turn your hobby into a side business and some of the complications you might run into while trying to get it off the ground.
Hobbies and Side Businesses
Vistaprint is one of the main companies out there that allow people to turn their hobbies into side businesses. They recently did a study and found that people who make money from side hustles bring in as much is $14,000 each year. That’s a post-tax number, she can start to see the kind of additional money you can add into your budget each year.
“America’s side business economy is booming, as employees increasingly look for financial, professional and personal fulfillment that may not be present in their main job,” Simon Braier, Vistaprint’s customer strategy and insights director, said.
We might see these types of businesses all over Facebook. Surely, we’ve all had friends who at one time or another started selling diet products, beauty supplies, smoothies, supplements, or any other thing out there that people sell. Maybe you have a family member who created a Facebook page for their artwork and start to sell their work.
Why We Love Side Hustles
the same Vistaprint survey found that 41% of people who had a side hustle did it so that they can spend more time doing what they enjoy. Yes, the extra money is great, but having that much extra money from a side business is only one incentive. Making that money allows us to spend more time on the things that we love doing.
This is really how fulfillment take shape. Unless you actually enjoy it, most people do next enjoy their jobs. It’s out of necessity that they wake up early every morning and go into work. It really is a dream for most of us. If you can make money doing what you love, you’ll always be happy.
“While many side hustles are born out of a personal interest or hobby, they don’t have to stay small,” Braier said. “Side business owners can test their venture’s long-term viability, growth and marketing opportunities in a safer setting, helping them to ease the transition into full-time entrepreneurship and spend more time doing what they love.”