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How to turn your side job into a profitable full-time income
When it comes to working online, it isn't an easy thing to do unless you already have a product or you've been doing it for years. A lot of people will try to make money on the side, which could be hundreds of different things, but it all results in more money flowing into their bank accounts at the end of the week. Some people prefer to run a lawn care service while others will sell a content writing service like myself, but you need to have skills in order to do this. I could run a lawn care service, but I don't really like cutting my own grass and I'm not 100% sure how I would cut 10, 20, or 30+ lawns in a single week or two lol.
Side jobs, or side hustles, are a way you can turn your spare time into profits. You need to know what you're doing before people will begin to believe they can purchase from you, but that's a pretty normal thing. If you invest your time into this, it can easily become a full-time income and let you quick your actual day job. You'll obviously want to be making plenty of money with your side job before you quit your actual job, but that's common sense when it comes to profits.
In this discussion, I'll be going over how you can turn your side job into a profitable full-time income. You can achieve this by doing the following:
Managing your time better
When it comes to turning outside job into a full-time income, we need to get much better at managing our time. You may not think about it, but you waste a lot of time doing pointless tasks like watching TV or talking on the phone with a family member or friend. If you want to be successful with your side hustle, you need to be dedicated to it and cut out unnecessary events that just waste time that you could have used to make money. It's a tough pill to swallow, but your family and friends could actually be holding back your success because you can't tell them No when they ask to hang out.
Figure out what you have to do each day, and write them down in a prioritized list. This will show you what needs the most attention each day while other things can be skipped or not finished every single day. You can label all your tasks in 4 different levels, such as:
- Level 1: Most important - Tasks that need immediate attention the moment they pop up
- Level 2: Important - These are tasks that are still important, but not exactly urgent, and they usually relate to growing your side job.
- Level 3: Less Important - These are the tasks that will interrupt your other tasks, so they will need to be worked on before they become a burden.
- Level 4: Not Important or Urgent - These tasks are the ones like calling your mom to say hi or when you want to watch TV. They aren't as important as you would think and need to be avoided during work hours.
Go through this list every day, for around a week, and write down how often you spend working on each level. You'll be shocked at how often you're wasting time that could be better spent on your side job to make you more money than your actual job.
Understand the 80/20 rule
If you don't know what this is, you're in luck, because Uncle Tommy is here to help you understand
The 80/20 rule is where 80% of your results will come from 20% of your actions. This means that only 20% of your daily routine might be producing the majority of your profits, and you'll need to figure out what that 20% is so you can focus on it. If you can figure out exactly what the 20% is, you can scale it up and not focus on the other 80% that isn't producing results.
The best way to actually scale any business is to figure out the 20 in the 80/20 rule and focus solely on it. With time management already done, you will be able to figure this out fairly quickly and scale up quicker because you don't have any wasted actions during the day
Use the 1st hour of your morning to plan
When you first wake up, after you brush your teeth and shower, of course, you should sit down and plan out your day for 1 hour. Doing this will help you keep on schedule and you won't be all over the place when it comes to completing tasks that complement each other. You will need to turn off your phones, TV, radio, etc. so you're not distracted and can get your daily planning done.
You need to obsess over what you're going to do for that day, so you can hit all of your daily goals and feel more successful at the end of the day even if you didn't make a single dollar. You'll need to turn this into a habit and perform this planning every single day because it will help you figure out what exactly is working and what isn't.
Research your successful competitors
If you can figure out who your successful competitors are, you can usually replicate what they're doing in order to get your own success rolling. Tony Robbins often says "Success Leaves Clues" which means successful companies can be read and replicated for someone else to become successful doing the same thing. You can go through a companies website and figure out exactly what they're doing to capture emails, encourage engagement, how they get people to sign up, how often they send out newsletters, how fast their websites are, how much content they have on their blog and many other things that can be seen as soon as you land on their homepage
You can scale any business doing this, not just your own side job, so learn this little research skill and you will never have a problem making some money online. One of the easiest ways to find these successful companies is to go to Facebook and like everything within your industry, then wait for the ads to start showing up on your newsfeed. Find the ones with the most views, or likes, and figure out what exactly they're doing to get that big of an impact with their ads. You can also use 3rd party services like Similar Web to see their traffic sources, which will give you an idea of where they're getting their sales
Email marketing is your friend
It really doesn't matter what type of business you're trying to scale, if you're not collecting emails and sending out newsletters, you're just wasting your own time and you'll rarely have recurring buyers. You might be afraid to send out emails, which is pretty typical when people get into email marketing, but there are services out there like MailChimp that help you automate this so you don't have to worry about anything.
To capture the emails, you'll need to have a sort of lead magnet that will entice people to sign up for your newsletters. Your magnet will need to add value to someone's visit, which will entice them to sign up for your newsletter.
If you engage with your readers, they will begin to engage with you, but if you're not sending out emails you're leaving them behind and they won't come back to visit. People won't purchase from someone, or a company, they aren't familiar with or trust. This is why you'll see that people won't usually make a purchase on their first visit, or through the first email you send out, and it will likely take a few emails to get them back in to make a purchase.
Turning your side business into a full-time income isn't unrealistic, thousands of people are doing it each and every day, so I know you can do it too! I would have never gotten into SEO or content writing if I didn't try, and that's what you'll have to do as well in order to know if you can turn your interests into a full-time business. You need to research the companies out there that are already successful at what you're trying to do because they know something you don't. You'll also need to manage your time better as well as follow the 80/20 rule in order to be successful. Email marketing is your friend, so be sure to focus on collecting emails and sending out newsletters to increase engagement. If you do everything right, you'll turn your side job into a full blow business making you more money than your actual job
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