As of 2022, approximately 40% of Americans engage in side hustles, marking a rise from 34% in 2020. Side gigs provide financial relief and opportunities for growth. Individuals are encouraged to leverage their unique skills, whether teaching, crafting, or freelance writing, and should validate the market demand for their services. Additionally, marketing is crucial for success; one should consider online ads, social media, or personal networking to reach potential customers. Tracking profits and expenses is also advised to ensure the side hustle is profitable and meets personal financial goals.
If you have a special skill or talent, finding a side gig that allows you to make money doing it can be a great option.
It doesn't matter how specialized your skill or how great your idea is if you can't reach potential customers to tell them about what you are offering.
Consider your goals for your side hustle and track profits and expenses.
A shocking 40% of all Americans had a side hustle, up from just 34% in 2020.
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