How to Turn Any Side Project or Hobby into a High-Paying Career
Working on side jobs and projects aside from one’s full-time job is not unheard of. In fact, more and more people are moving towards this kind of work setup whether to supplement their income or to eventually quit their regular job and strike out on their own. It’s totally possible for people to build up their current side interests into a potential six-figure career. Here’s how.
Start with a Good Business Idea
First, make sure that the business or money-making idea that one has can actually be profitable. These can certainly begin with a skill or service that a professional is already offering.
For example, graphic designers can use their skill set to create a freelancing business creating visual content for various clients. One could also build their own design company hiring other designers and taking on bigger projects for higher pay.
Another skill one can build a business on is writing. Good writers can easily earn a sizable income using their proficiency as content or ghostwriter. Those interested in pursuing this track are advised to develop a strong writing portfolio to better attract clients.
Getting It Off the Ground
Of course, a profitable idea won’t be any good if it remains just that– an idea. It would take plenty of hard work to turn one’s vision into reality. Those determined to build and head their own company would benefit from putting together a team to help them get to their goal faster.
Entrepreneur Nicole Rollender shares her experience hiring a virtual accountant right as she set up her LLC. She ended up being given bad advice leading her to overpay on taxes. Rollender has since found the right accountant who understands the needs of small businesses. She also recommends hiring virtual assistants to take on various tasks and lessen one’s workload.
It’s certainly discouraged for starting entrepreneurs to immediately quit their day jobs, especially if they don’t have a clear vision and plan for the future.
Some of the questions business owners should ask themselves before taking the leap include whether or not their company is worth the risk or if they’re prepared to make the necessary sacrifices, both financial and personal, for their business.
More in Career
Stand Out from the Competition and Highlight this Important Skill Set in Your Resume
More than technical skills, your resume should also highlight your transferable skills. Also known as soft skills, this set of skills...December 27, 2020
Thinking of Starting a Business? 3 Industries Rife with Opportunities Even During the Pandemic
With most businesses already struggling, you might think the pandemic isn’t the best time to start one of your own. While...October 21, 2020
Oprah Winfrey Once Received a Shockingly Low Salary for a Steven Spielberg Film
Oprah Winfrey is a highly successful talk show host. But apart from this, many do not know that she is also...October 20, 2020
Tiger King Joe Exotic Won’t Let Prison Stop Him From Getting Justice… and Millions off Dollars
As Americans were gearing up to spend more of their time inside their homes due to the coronavirus pandemic, Netflix released...April 18, 2020
YouTuber Emma Chamberlain Can Already Afford This Multimillion Purchase and She’s Only 18
Internet celebrities like YouTube stars and social media influencers are sometimes looked down upon. For some, this segment of entertainers and...April 18, 2020
Wealthiest U.S. Congressmen Did Something Suspicious Before the Stockmarket Crash and People Are Livid
The general public may have only had a vague idea of who Kelly Loeffler is a couple of weeks ago. But...April 18, 2020
Mistakes All Dog Owners Should Avoid at All Costs, According to Veterinarians
Many people take pride in being a dog mom or dad. What a lot of them may overlook though is the...April 18, 2020
Adam Neumann Loses His Golden Parachute: Is Bankruptcy on the Horizon?
It’s no secret that businessman Adam Neumann has been in hot water as of late. As the controversy surrounding his company,...April 18, 2020
Meet the Man Behind Residential Tokyo Who Was Once the World’s Richest Person
The young people of today grew up to the Microsoft founder Bill Gates being the richest man in the world. Before...April 18, 2020