Yes, a side hustle is a “job” in that it can be temporary or long term, but it does not control you like when you are working for someone else – you control it. You are not necessarily working for a boss in a side hustle, you are working for yourself in your free time. You are not required to be there at a certain time. You are not told when you are to show up and when you can leave. You have control of the situation.
In a side hustle, you have control. True, you could be working for someone else on a 1099 basis, meaning that you are working as an independent contractor and will receive a 1099 tax form which verifies your income when you submit your taxes. But, you control when you work and when you don’t work. And it can be a temporary or even an occasional side gig that you can do or not in your spare time as the need or interest arises.
Consider driving for Uber, Uber Eats, Lyft, affiliate marketing, dog walking, being a virtual assistant… You control the times that you work. You put in the time that you want and no one tells you when you must be there, how long you must work to earn more money as you need it – and when you can leave.
Not a Part Time Job
No, a side hustle is not a part time job. You are the boss. You call the shots.
A part time job is typically performed in exchange for an hourly wage resulting in trading your time for money. In a side hustle, you tend to trade “results” for money. It may involve profits from sales, commissions, contingency fees (contingent on actual results).
Hopefully in a side hustle you make more than a part time job. If not, you should probably just get a part time job. Unless you are doing it for the time freedom.
If you are highly talented or have a specialized skill, there probably are part time jobs out there – even through ‘temp agencies – that pay pretty well. But, you need to be highly skilled or have an in-demand specialized skill for that to make sense.
But, what if you are just an average Joe? I don’t mean to sound negative, but if you are a regular person trying to get ahead while working at a convenience or retail chain store in the evening after your day job, it will take long before you feel the life and energy being sucked out of you. This is because most people are not passionate about these jobs and find them boring.
With a side hustle, you are more likely to be excited about what you are doing; you enjoy it. That is a huge advantage.
Driven to Success
Why Get a Side Hustle?
Most need to earn extra money to make ends meet. Others want extra money to buy toys (because, “the one who dies with the most toys wins” – right?)
Part of the attraction to the side hustle is because it’s so easy to do. Today with the advanced technology available through the internet, social media, etc. we have tools available to us that used to be very costly to purchase and use. Unless you were a big company, you could not take advantage of them. But today, these tools are affordable for smaller companies and individuals. Today we have access to many tools that were not available ten, fifteen, or twenty years ago.
Why Do You Need a Side Hustle?