https://grit.

ph/side-hustle/

1. Freelancing

Estimated Monthly Earnings: from P10,000 – P100,000

A freelancer is defined as a self-employed worker who has no long-term

commitments to an employer.

The Philippine business climate in Manila seeks freelancers that have skills in the
following fields:

 Multimedia arts (video editing, sound editing, dubbing, voice acting,

graphic design
 Creative writing (article writing, proofreading, copywriting, data entry,
transcription)
 Digital marketing (SEO, digital PR, social media management, content
marketing, creating promotional campaigns and material)
 Events (organizing, promoting, coordinating, logistics, photography, etc…)
 Teaching (online ESL tutor)
 Admin & customer service (virtual assistant, customer service
representative)
 Web & Software Development (programmer, web developer, web designer,
QA)

If you are aiming to earn extra income as a freelancer, reassess and reevaluate
your skills. Here are a few sample questions to ask yourself when assessing an
opportunity:

 Do you have an eloquent command of English and/or another language?

 Do you have a knack for writing and putting character and significance to
articles and coming up with substantial topics to write about?
 Do you have a keen eye for proofreading?
 Do you have the proper productive habits, work ethic and the right
equipment for video editing or graphic design?
 Do you have the PR skills or a strong technical background in Digital
marketing?
 How well do you manage time and delegate tasks when it comes to
organizing schedules and events?

If you have any of these skills or have something equally useful in your repertoire,
you can sell your skills as a freelancer. There are plenty of online platforms which
you can use to sell your services, such as:

 Freelancer.com
 Upwork.com
 Manila.craigslist.com.ph
 99designs.com
 Jobstreet (for part-time home-based job opportunities)
  Rakuboss.ph

Freelancers tend to earn on a project basis, so your skills need to be competitive,

flexible, adaptive and constantly evolving. The difference between a good and
great freelancer is that the former meet deadlines, and the other beats deadlines
(accompanied by high-quality outputs).

It’s easy to improve your skills by offering your skills for cheap to build a portfolio
and client-base. A freelancer becomes more attractive to future clients if he can
turn up and show the projects he’s done.

Filipino freelancers make P39,000 per month on an average1. Some people have
built whole careers out of their freelance work, earning anywhere from P10,000 to
P100,000 (or even more) per month depending on the quality of their work, and
consistency and availability of projects.

You can surely earn more when you start closing long-term projects (that will pay
you on a retainer) – and eventually scale it into a business when you start hiring
more people to do the work (while you’re focusing on getting more projects).

As a freelancer, you must also learn how to assert yourself when it comes to
charging your clients and collecting your salary, without being abrasive.

Related:

 20 High Paying Remote and Home-Based Jobs for Filipinos

 How to Make Money Freelancing in the Philippines

2. Financial Advisor or Insurance Agent

Estimated Monthly Earnings: P20,000 – P50,000

This may come as a surprise to some, but being a financial advisor or insurance
agent for a large company can be incredibly profitable if you have the necessary
interpersonal skills to go along with it.

The job description mainly revolves around offering financial advice and
educating people about insurance policies, and how these services can help your
potential clients’ lives in the long run.

These jobs are often advertised as flexible with time, with high earning potential –
which is true, as your salary would be on a commission basis (around 40% – 50%
commissions per sale).

Granted that you have the necessary PR skills, you’ll earn as much as you’re
capable of selling.
Successful agents can earn six digits a month for every 20-30 hours a week
spent meeting with clients, but that depends entirely on one’s ability to network,
market and sell the services.

Doing the math:

If you can sell at least 3 insurance policies worth P20,000+ (per annum) every
month, you can modestly earn around P30,000 per month (and assuming your
clients will continue on with their policies, you’ll receive the same amount in the
succeeding year).

What makes this side hustle lucrative?

According to 2019 data, only 36.11% of the population in the country are insured2,
which means there are millions of Filipinos out there that will eventually need to
have one. And there’s VUL, an insurance policy that offers both life insurance and
investment features.

Although, in order to become an agent, one must take the appropriate

certification exams in the Philippines. These prerequisites can cost up to P6,000
total (P2,020 for the Insurance Commission Exam for traditional and VUL, while
the License costs P3,030 – which is valid for 3 years). So study up to get yourself
certified and licensed to work for companies such as AXA, Manu Life, or Pru Life.

Useful resources:

 Requirements for Agent’s Application for License

 Insurance Commission (PH)

Bigger institutions like Sun Life Financial do offer free certification/licensing

exams, including free reviewers (reading materials) and free seminars.

There are also different types of insurance products that you can choose to sell
(though non-life insurance products will require a different type of license), such
as:

 Life Insurance
 Health Insurance
 Accident Insurance
 Car Insurance
 Business Insurance
 Home & Property Insurance
 Travel Insurance
 Pet Insurance

3. Sharing Economy

Estimated Monthly Earnings: P20,000 – P70,000

The rise of apps like Grab, Lalamove, and Airbnb has given birth to the so-called
sharing economy, in which physical assets or services are shared between people
for a fee.

By offering convenience to consumers, earning passive income from your assets

has never been as profitable and accessible as now.

Enterprising side hustlers can ride on the income-earning potential of the sharing
economy in three ways: by providing ride-sharing, logistics, or home-sharing
services using their existing assets.
Ride-Sharing Services

Estimated Monthly Earnings: P20,000 – P70,000

If you have a car and spare time, you can apply to be a TNVS (transport network
vehicle services) driver, where you use your car to bring people from point A to
point B for a profit.

Full-time drivers typically make P30,000 to P40,000 per month3, so your income
will depend on how frequent and available your schedule is to drive people
around. The highest earnings for TNVS drivers happen during rush hour, but the
drawback is that you’ll spend the most amount of time stuck in traffic.

To maximize their earnings, other people join ride-hailing platforms as operators

and employ drivers to drive a small fleet of cars.

Grab is currently the market leader in the Philippine TNVS industry, but there are
other ride-hailing firms Filipinos can join in to earn on the side using their car.
Alternatives to Grab include HYPE, OWTO, and Go Lag.

Angkas is also gaining ground as a motorcycle ride-hailing platform in the

Philippines, as the clamor for a faster mode of transport has intensified amid the
worsening traffic situation in Metro Manila.

If you have a motorcycle (or can only afford to buy one instead of a car for side
hustle purposes), then you can become a biker with Angkas or any of the two
new bike-sharing platforms, JoyRide and Move It.
Courier and Logistics Services

Estimated Monthly Earnings:

 P6,000 – P30,000 (for motorcycle riders)

 P7,000 – P70,000 (for sedan/hatchback/MPV/SUV drivers)
 P20,000 – P350,000 (for van/light truck drivers)

Instead of transporting people with your vehicle, you may choose to make money
transporting goods as a logistics services provider through logistics and delivery
platforms such as Lalamove, Grab Express, Mober, and Transportify.
Joining these companies as a partner driver allows you to earn extra income
delivering just about anything from one place to another with your vehicle.
There’s also a high demand for food delivery services, which is another
opportunity to make money from your bike or motorcycle through apps like
Foodpanda, GrabFood, and LalaFood.
Home-Sharing/Vacation Rental Services

Estimated Monthly Earnings: P20,000 – P70,000

If you own an unoccupied condo or house, or one that has a spare room, you can
rent it out and list it on home-sharing sites such as Airbnb or Agoda Homes.
Usual guests are tourists and workers who live far from their workplaces and
are looking for temporary accommodations.

Depending on your location and the size of your space for rent, you can charge
anywhere from P500 to P4,000 per day—and make decent money every month.

When it comes to operational expenses, renting out a room has low-maintenance

costs per week. Your main responsibility is to maintain the cleanliness of the
room after the customer is done renting it.

You may also need to organize your schedule to meet future tenants who are
interested in renting your place to give them keys and let them in. Becoming a
host on Airbnb or Agoda Homes can be a high-earning business idea for you if
your property is in an attractive location, especially near tourist destinations
where a lot of visitors want to spend time in.

4. Buy & Sell (Item Trading)

Estimated Monthly Earnings: P10,000 – P30,000

If you have a knack for spotting good deals and understanding what people like
to buy online, and organizing the market in niches, you can make a good amount
of money using online sales platforms like:

 OLX
 Carousell
 Craigslist
 Shoppee
 eBay PH
 Facebook Marketplace

One common thing to do here is to look for cheap deals to buy from and then
re-sell them on the same platforms for more.

Alternatively, you can look into going to offline marketplaces such as garage
sales, thrift shops and other places which aren’t making good use of online
marketplaces to score cheap deals which, in turn, can flip you a good profit using
those platforms.

Profit and time invested are less certain as they depend entirely on what you’re
looking to sell. Often the time investment relies on moving on deals quickly
before someone scoops up something that you see could be profitable.

The main thing you’re creating value for customers here is your ability to spot
deals and items for their convenience.

Remember: Buy low, sell a bit higher.

5. Offering Professional or Trade Skill Services

Estimated income: P15,000 – P40,000 per month

There are many other services you can offer to make money on the side. For
instance, anyone can get together a few other people and offer to clean people’s
houses, cars, condos or else for a tidy sum of money.

There are platforms to offer such services on, such as:

 Gawin PH
 Raket PH
 StarOfService PH

These platforms create listings for skilled craftsmen and artisans too. Including
manual labor jobs for:

 Home repair and improvement

 Moving & trucking services
 Cleaning, electrical, pest control, and plumbing services
 Gadgets and appliance repairs & services
 Food catering services
 Events, performers, and other business services
 Fitness/Personal trainers and more.

They also list licensed professionals such as accountants, lawyers, physicians, and
engineers.

Of course, social media is a powerful tool to market your services to people

looking for them. As with anything else, your earnings depend on the service you
provide and how well you do in the field.

6. Sell online

Estimated monthly income: P10,000 and up

Since the pandemic, selling online has boomed drastically.

This not only allows you to reach more people, but also enjoy the benefits of
affordable ads, reduce your operational and processing cost, and try targeting
options, among many others.

You can sell practically every item online. You just have to do proper research to
ensure there is a proper market for your item.

There are many ways to sell online. Here are some ideas.
Dropshipping

In simple terms, dropshipping is a business model where a retailer does not keep
stock of his/her merchandise.

Instead of having products in stock, the retailer simply purchases the items from
the supplier, and then the supplier ships them directly to the consumer.

How it works

A dropshipping business is run through an e-commerce website or an e-

commerce platform. All items for sale are simply listed in the store.

The main task of the business is to advertise and drive traffic to the site. The
suppliers are responsible for storage, packaging, and shipping.
Wholesale business

Wholesaling is a form of selling goods in large quantities directly from the

manufacturer to another business to resell them at a lower cost.

A wholesaler can reap the benefits of volume discounts. Most wholesalers

purchase goods in bulk. to reduce cost.

These wholesalers then sell these products to retailers at a smaller profit margin.

How it works

A wholesaler is an intermediary who purchases goods from a producer or

manufacturer in large quantities. Then, wholesalers sell products to retailers. The
resellers are responsible for selling directly to consumers
Print-on-demand

Print on-demand or POD is a process of printing a single book, poster, t-shirt, or

any other product, only when an order is placed.

Meaning, there are no printed copies of the book or product until an order is
placed.

Print-on-demand allows you to get books and other products into the market
fast and effectively. There is also no need for storage for unsold products.
How it works

Let’s say you have a book print-on-demand business. When an order is placed,
you will print the book. Once it is ready, you can ship it to the customer.

Learn More: How to Start an Ecommerce Business in the Philippines

Where to sell items online?

There are many avenues where you can sell your products online. Here are some
of the most popular choices of Filipino online sellers:

Own website

There are a lot of e-commerce platforms you can use to create your own
storefronts such as Shopify and WooCommerce Plugin for WordPress.

Lazada

Lazada is an e-commerce platform that allows product owners to list and sell
their products. It is one of the most visited e-commerce sites in the Philippines.

Facebook Marketplace

Facebook Marketplace is a section of Facebook where people can list and sell
products. This is a great channel if you want to sell products locally.

Shopee

Just like Lazada, Shopee is an e-commerce platform that allows you to easily sell
and process orders. A lot of mobile users use this app.

For more information, check out our in-depth article on online selling.

7. Blogging & Microblogging

Estimated income: P5,000 and up (depending on followers & readership)

We live in a world where we look to our favorite influencers to buy the latest
beauty product, outfits, or even trending restaurants.

The power of social media and influencer marketing is undeniably strong. If you
can excel in a certain niche, it is possible to build an online empire.

Here are some ways you can make money from blogging and microblogging.
Blogging

Blogging simply means you create content on your own website. You can create
a blog post about anything under the sun.
It is also a great way to monetize your passion, as well as connect with your
audience.

How it works

Start a blog where you write and publish your own content. This content could be
about anything such as beauty, fashion, or even your travel adventures.

Then, leverage the power of SEO, ads, and social media to grow your audience.

Once you’ve done this, you can start monetizing your blog through ads,
sponsored content, merch, offering consulting services, and many more.

Learn More: How to Make Money through Blogging

Microblogging – Instagram, Facebook, Tiktok Influencer

Microblogging functions similar to blogging, but instead of a blog or website,

you need to regularly maintain social media channels such as Tiktok, Facebook,
Instagram, and other mobile-specific platforms.

Basically, your goal with microblogging is to become an influencer.

This refers to someone who has a sizable number of followers on a social media
platform and is considered an expert or authority in a specific niche.

Influencers get a lot of perks such as paid travels, invitations to exclusive events,
and brand deals.
How to Monetize your Blog or Microblogging Platforms?

Earn through ads

Many bloggers and microbloggers use their blog or profile as an avenue to put
their advertisements.

For example, if you have a blog, you can sign up for Google Adsense where you
can get a commission if viewers click on your ads.

You can also directly contact a brand that may be interested to rent a banner ad
space on your page.

Make money through affiliate marketing

This is perhaps one of the best ways to make money today.

Affiliate marketing is when you promote other people’s products or services and
get paid a commission when you convert a sale.

You can be an affiliate for platforms such as Lazada, Zalora, Shopee, and many
more.

Brand partnerships (sponsored content)

Many bloggers and microbloggers will agree that sponsored posts are a great
source of income for them. Because you’ve already established yourself as an
authority figure in your niche, brands are willing to back ride on this.

Sponsored content is a form of branded content created by a content creator in

the form of text, photo, or video to be shared on the content creator’s own site. A
lot of content creators offer packages for sponsored content.

For example, you can get paid a huge sum for a package that includes 1
Instagram post, 2 Instagram stories, and 1-minute Instagram reel.

8. P2P Lending

Estimated Annual Earnings: 6% – 30% of the money invested

A side hustle doesn’t have to take so much of your time. Case in point: investing
your money in peer-to-peer (P2P) lending.

As the name implies, P2P lending involves lending money to borrowers (through
online platforms such as FundKo, Blend PH, and Vidalia) and earning interest
from it.

Compared to other investments such as stocks and mutual funds, P2P lending is
less complicated and easier to learn. It also requires only minimal investment.

For as low as P5,000, you can already become a lender on a P2P lending platform.

Related: How to Invest in P2P Lending: Top 7 P2P Lending Sites in the Philippines

9. Vlogging

Estimated Monthly Earnings: P24,000 – P500,000+

Making YouTube videos for a living can be a lucrative side hustle for those who
love sharing engaging content online. Monthly earnings can go six digits or even
as far as millions, depending on the number of videos posted and their number
of views.

YouTubers typically make money from every view or click of ads placed on their
videos. They may also get paid filming product reviews and/or attending
promotional events (such as product launches) and making a video about them.

With passion and the right equipment, just about anyone can start a side gig as a
vlogger.

However, not everyone succeeds in vlogging—it takes a lot of commitment,

talent, and strategy to edge out the competition.
10. Live Video Streaming

Estimated Monthly Earnings: P15,000 – P500,000+

Love gaming? Turn your hobby into profit through live streaming.

You can stream a video of yourself playing games online for other gamers to
watch on platforms like YouTube, Facebook Gaming, and Twitch.

There are various ways to earn side income as a gaming streamer:

 Advertisements
 Subscriptions/Pay per view
 Donations or tips from fans
 Affiliate sales
 Sponsorships and brand deals
 Selling your merchandise

If you live stream on Facebook, the company will even pay you 55% of the
advertising revenues if you have 2,000 followers and a video with at least 300
viewers watching at the same time.

This is perhaps why gamers claim they’re making more money on Facebook
Gaming4 than on Twitch and YouTube.

Not a gamer? Don’t worry. Since COVID-19 hit, other streaming categories are
finally having their moment in platforms that used to be dominated by gaming.

People are logging onto streaming platforms to watch people eat, do their make-
up, learn something new, and a lot more. Here are the different streaming
categories you can try apart from gaming:

ASMR

By now, you’re probably familiar with thousands of influencers releasing videos of

them whispering into a microphone.

Autonomous Sensory Meridian Response or ASMR streamers whisper in a

melodic voice, touch items like water bottles, or do roleplays like getting a
haircut. While this may seem simple, a lot of people are captivated by it since it
can decrease stress.

Mukbang

If you have a hearty appetite, you can try doing Mukbang videos. Mukbang hosts
film themselves in front of an electric burner or a huge plate of food. This
relatively new genre of streaming started as a trend in South Korea and has
become popular in the rest of the world. ASMR and Mukbang go hand in hand.

AMA (Ask me Anything) or Q&A Interview formats

The roots of AMA can be traced back to Reddit. It’s a perfect live streaming
option to try for those who have already built a solid fan base on their social
media platforms. You can collect questions before your livestream begins to
jumpstart it.

Panel Discussions

Livestream panel discussions follow the same format as an in-person panel

discussion where a group of people gather to talk about something. The topics
can range from pop culture, academics, gaming, beauty, and many more.

Webinars

If you’re an expert, chances are, many people want to learn a thing or two from
you. A webinar livestream involves you showing educational or instructive
content to your viewers. Make sure to involve audio-visual presentations, or write
on a whiteboard to ensure the audience does not lose interest.

Product Demos

This live stream is a very important part of the sales process. If you own a brand,
you can do a demo of one of your products. If not, a brand may be interested to
sponsor you. Simply demonstrate how to use a product, and let your audience
know its key features and benefits.

Live selling

Live-selling has truly reshaped e-commerce. This live stream category involves
showing customers products for sale and giving them a chance to buy the items
in real-time through commenting. One live seller on Facebook
even reported earning seven digits per month.

Behind the scenes

Just like its name suggests, it shows how something is being made. This is a hit
among viewers because it makes the live stream artist seem more authentic. It’s
also a great livestream opportunity for brands who want to engage their
audience.

How to’s, tutorials, and live boot camps

Nowadays, there is a rapidly increasing demand for digital learning. This live
stream category shares similarities with online classes since it allows you to share
valuable lessons with your audience.

11. Drop Servicing

Estimated monthly earnings: Php15,000 – P50,000 or more

Drop servicing refers to selling a service that is carried out by another party.
When you outsource a service instead of doing it yourself, you will be able to
save time and resources.

In a way, you act as the middleman or agency. You don’t need to set up any
physical store to do this, especially if you plan on focusing on online work.

Drop servicing works in the same way as drop shipping, only you sell services
instead of a physical product.

When done right, this side hustle can be extremely profitable. Drop servicing is
an incredible business idea for people who can manage a team of people to
deliver various services to clients.

You may not realize it yet but drop-servicing is everywhere in the Philippines.

You may have even experienced it when you hired a cleaning service to clean
your home and they sent a freelance representative, or you hired a company to
handle your business’ Tiktok page that outsourced the job to a freelance social
media manager.

Wondering what services you can try for this side-hustle? Here are some
examples:

 Digital products (books, software programs, online courses, webinar

content, printables, workbooks)
 Sales and marketing (SEO, email marketing, social media marketing, market
research)
 Writing (academic, technical, scripts, blogs, copywriting)
 Production (podcast, audio, video)
 Accounting and bookkeeping
 Design (animation, video editing, art, illustration, graphic design)

Of course, drop servicing doesn’t have to be an online business. If you want to

follow an offline model, you can drop service the following:

 Dog walking
 House cleaning
 Pest control
 Gardening

Thanks to drop servicing, you can scale your business in a way that would be
impossible to do if you’re working alone. After all, you can only do so much.

There’s no limit to drop servicing since you are not bound by the number of
hours you can work in a day. The major thing you just have to ensure is delivering
consistent work quality to your clients.

How to get started in Drop Servicing:

Because the demand for freelancing has increased drastically over the last few
years, it has become easy to set up a drop service company in the Philippines.

For drop shipping to work, you just need a freelancer/person who is willing to do
the work for a set amount of money, and a client who is willing to pay more for
that service. Here’s how you can set up your own drop service business.

1. Think of an idea (preferably one you’re also skilled at)

Now that you’re decided to start a drop service business, think of something you
want to offer to your future clients.

This can be a skill you already know, a skill that is in high demand, or any skill
where the pay of services ranges drastically.

2. Build a reliable team

If you want a good reputation in the drop service industry, you need to make
sure that the quality of your service is consistently top-notch.

Your workers should be skilled in the services they will be providing, whatever
service you are selling. You can look for freelancers online through the following:

 Upwork
 Facebook groups
 Fiverr
 Onlinejobs.ph
 Common friends

Trial assignments can help you weed out unqualified freelancers. Do not only
assess the quality of their initial work but also their response time, ability to
follow directions, and communication skills.

If you want to take the extra mile, invest time and effort in training them.

There are two ways you pay your team. First, you can set up a monthly payment
structure. Second, you can pay them on an hourly/project basis.

3. Find clients

Have an existing network of clients? Then you’re lucky. Start by talking about
your business idea to friends and colleagues. In a way, you are marketing yourself
to other people.

They may not be interested in your services at the moment but when the time
comes that they need your services, they know who to reach out to.

You can also get high-paying clients through direct emails, cold calling, or
sending proposals on freelance websites such as UpWork.

4. Get paid
Finally, you can start earning. Ideally, you should charge at least 2x more than
your team’s payments. This will allow you to earn money faster.

It’s important to note that you won’t become an overnight millionaire with this
side hustle. Building your reputation takes time and finding a client who is willing
to pay a huge amount may not be on the horizon for the first few months of your
business.

Eventually, this side hustle may even become your main source of income.

12. NFT Gaming

Estimated Monthly earnings: Php10,000 – Php50,000

Non-fungible tokens or NFTs are unique digital assets you can buy and sell for
cash in the digital space. Some of the most popular NFT games today include:

 Axie Infinity
 Splinterlands
 Lost Relics
 My Defi Pet
 Crypto Blades

Even though you don’t have knowledge or interest in the world

of cryptocurrencies, this side hustle can still be a great source of income. In
recent months, different NFT games have taken the world by storm, with Axie
Infinity leading the pack.

Just in April, the game’s daily active users were only 30,000. That number went up
to 1 million in August 2021 5. Filipinos love playing games, and earning money
while playing is a dream come true for gamers.

While the most common way to earn money through NFT is by playing the game,
you can also get your foot in the door by breeding and selling rare items and
owning NFTs.

How to Start a Side Hustle in the Philippines

Ideally, you begin a side hustle when you have a day job that funds your living
expenses and will serve as your fallback in case your gig doesn’t turn out well.

But it’s never easy to run your side hustle on top of a 9 to 5 job. You need to
have the right mindset, ability to prioritize things, and enough preparation before
diving in.

Here are the steps to start your side hustle properly while working a full-time job.
1. Know your purpose for starting a side hustle

Your full-time job already takes most of your time every day. Adding a side hustle
to your daily routine will make your schedule a lot more hectic. Not to mention
that it also requires a great deal of effort to succeed.

So before you launch your side hustle, do a self-assessment. Make sure to ask
yourself these crucial questions first:

 Why do I want to start a side hustle when my work life is already jam-
packed?
 What do I want to achieve out of this?
 Will the things that I gain from my side hustle be worth all my sacrifices?

Whether you want to earn extra income, shift careers, or pursue your passion, it’s
important to figure out your purpose for starting a side gig.
2. Pick a side hustle that matches your interest and skills

Choose something you’re good at. You have skills; you just need to know which
ones you can reinforce and sell. There’s no point in selling something you’re bad
at.

Your side hustle has to be something that requires the skills, experience, and
knowledge you already have.

Unlike in full-time employment where you can be on a learning curve, side

hustles don’t have that flexibility. Learning a new skill takes time and money, and
you can’t afford that if you want to be successful as a side hustler.
3. Validate your side hustle idea with one paying customer

Is there a market for the service you’re planning to provide? Are people willing to
pay for it?

Test your idea out by working with and asking for honest feedback just one
actual paying customer.

This way, you’re assured that you’re not starting something that won’t solve your
target customers’ problems.
4. Set your goals

In any endeavor, it’s hard to track your progress without defining your goals from
the get-go.

For example, how much income do you aim to earn? How many customers are
ideal?

Setting daily, weekly and monthly goals and where you want to take your side
hustle helps you hold yourself accountable and determine whether you’re on
track.
5. Create your roadmap

Once you’ve defined your goals, map out how exactly you plan to get there, from
launching your side hustle and beyond.

If your goals answer the whys of starting your side gig, your roadmap identifies
the hows of it. Put everything into writing and update your roadmap from time to
time to adapt to changes as needed.

Tips to Succeed in your Side Hustle

Here’s a recap of tips to maximize your success with your side hustle:

1. Do something you’re good at – you have skills, you just need to know
which ones you can reinforce and sell. There’s no point in selling something
you’re bad at, chances are you’re not going to be making money anytime
soon.
2. Research. You need to know the market to break into it. How much
competition are you up against, what type of customers and niches are you
targeting and how much should you be charging?
3. Don’t forget it’s a side-hustle. Only put so many hours into this as you
can spare. If you want to be entrepreneurial and end up opening your own
proper business out of this, you’d better work like it’s your only hustle.
4. Fund your side hustle through savings. Taking on debt is a bad way to
start a side hustle. As much as possible, use your savings. Even better, start
a side gig that won’t require much funding, using resources you already
have.
5. Commit to a strict schedule. Treat your side-hustle schedule like your day
job in the sense that you observe a fixed schedule. Decide the number of
hours you can devote each day for your side gig and schedule it after your
normal work hours.
6. Focus on giving your best performance at your day job. You can’t afford
to lose your full-time income. Also, your employer can be a client or a
business partner when you go full-time with your business. So never
compromise the quality of your work just because you’re juggling two jobs.
7. Don’t work on your side hustle in the office. Using company resources or
time for your side gig is both unethical and a possible violation of your
employment contract. Don’t risk getting the ire of your employer.
8. Don’t quit your full-time job too soon. Wait for your side hustle to reach
your ideal income level (ideally at least 75% of your full-time income) before
you hand in your resignation.
9. Always add value to your customers. Think of more ways you can better
help your customers through the services you provide. Be creative! And
always go the extra mile. In doing so, you can keep them loyal to you
because you’re able to give more value for their money.
10. Form your support system. You can’t accomplish everything alone.
Whether you run your side hustle on your own or with a business partner,
 you need people who you can turn to for guidance and support. These
include mentors, colleagues, and friends who can share ideas and honest
feedback with you.

In conclusion, when it comes to side hustles, keep trying and never stop
learning.

You’re not going to make thousands of pesos on your first day, your first project
or during your first gig.

Also Read:

 10 Best Business Books for Young Entrepreneurs

 Best HMO for Freelancers & Self-Employed in the Philippines
 35 Powerful Time Management Tips that Work
 10 Ways to Make Your First Million
 11 Money Mistakes Filipinos Make (and how to avoid them)

Get a grasp of the market and experiment with how you position yourself in the
market. Try out some strategies and keep selling and building your presence until
you find your niche.