Side hustles for dummies

Simon, Alan, 1958- (Author).

Get yourself paid and broaden your skillset with this everyday guide to side hustles. The gig economy is growing by leaps and bounds, partly because it's easier to find a flexible work-life balance. Those of us who don't want to leave our full-time jobs, however, can still grab a piece of excitement and extra income for ourselves by starting a side hustle. Or you can bundle your own personalized set of side hustles to replace your full-time job and take full control of your professional life. Whether you're thinking about driving for Uber, developing apps, or starting an online boutique, Side Hustles For Dummies walks you through every step of the way of starting your own side gig. You'll learn about how to structure your new business and keep records, create backup plans, and steer clear of scams. You'll also: -- Find out whether you need investment capital and learn what your new time commitments will be -- Learn to create a business plan and patch any holes in it before you get started -- Discover how to incorporate a vibrant side hustle into your already busy life -- Learn how to adjust your side hustle to meet changes in your personal life and the overall business climate. Side hustles are for everyone, from high school and college students to full-time professionals to retirees. If you've been looking for an excuse to pursue your latest passion, hobby, or interest--or you're just in the market for some extra income-- Side Hustles For Dummies is the easy-to-read, no-nonsense guide to creating a rewarding and engaging new life.

Book - 2022

658.1 Sim

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Subject

Supplementary employment.
Part-time self-employment.
Gig economy.
New business enterprises > Planning.
New business enterprises > Management.
Entrepreneurship.

Genre

Handbooks and manuals.

ISBN: 9781119870135
Physical Description xiii, 329 pages ; 24 cm.
Publisher [Place of publication not identified] : [publisher not identified], 2022.

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Includes index.

Series

For dummies

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Table of Contents

Syndetic Solutions - Table of Contents for ISBN Number 9781119870135

Side Hustles for Dummies

by Simon, Alan R.

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Table of Contents

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Side Hustles for Dummies

Section	Section Description	Page Number
	Introduction	p. 1
	About This Book	p. 2
	Foolish Assumptions	p. 3
	Icons Used in This Book	p. 3
	Beyond the Book	p. 4
	Where to Go from Here	p. 4
Part 1	Getting Started with Side Hustles	p. 5
Chapter 1	Joining the Side-Hustle Game	p. 7
	Getting Clear on What a Side Hustle Is	p. 8
	Knowing What You're Looking for from a Side Hustle	p. 12
	Money, money, money ... money!	p. 12
	Extending your knowledge and gaining experience	p. 13
	Jumping onto a different career track	p. 15
	Profiting from a hobby or passion	p. 16
	Playing defense	p. 17
	Activating your financial emergency response plan	p. 18
	Seeing the Connection between Side Hustles and the Gig Economy	p. 18
	Recognizing That Side Hustles Are For Everyone	p. 21
Chapter 2	Surveying Your Options	p. 23
	Your Side-Hustle Topical Area	p. 24
	Running with Your Side-Hustle Idea	p. 28
	Contracting to perform a service	p. 28
	Selling products (and maybe making products as well)	p. 29
	Providing information	p. 30
	Monetizing yourself	p. 32
	Monetizing an asset for your side hustle	p. 33
	The part-time job side hustle	p. 33
	Drilling into your side-hustle topical area	p. 35
	Taking Your Side Hustle to Market	p. 38
	Going to market on your own	p. 38
	Leveraging an online marketplace	p. 39
	Multilevel marketing organizations	p. 40
	Deciding Whether to Pursue a Side Hustle Related to Your Full-Time Job	p. 42
	Show Me the Side Hustle Money!	p. 43
	Your Side-Hustle Clock and Calendar	p. 47
	Figuring Out Whether You Need Special Skills or Licensing for Your Side Hustle	p. 48
	Filtering and Finalizing Your Side-Hustle Short List	p. 49
Chapter 3	Determining Your Side-Hustle Personality	p. 51
	Understanding Your Personality	p. 51
	Extrovert or introvert?	p. 52
	How many balls can you juggle?	p. 53
	Can you give yourself that kick in the pants to get going?	p. 53
	Working past the point of wanting to stop	p. 54
	Painting your side-hustle picture	p. 55
	Collaborating (or not)	p. 56
	You hurt my feelings!	p. 57
	This fight isn't over!	p. 58
	Shaking off failure	p. 59
	Sorry, not interested anymore!	p. 60
	The picture or the thousand words?	p. 61
	Personality, Meet Side Hustle	p. 62
	Creating and monetizing travel-related lifestyle videos	p. 62
	Making and selling craft jewelry	p. 66
	Finding the right gig in the gig economy	p. 69
Part 2	Getting Your Side Hustle Up and Running	p. 73
Chapter 4	Putting Your Plans Together	p. 75
	Starting with Free-form Brainstorming	p. 76
	Whatcha gonna do?	p. 76
	Who's there?	p. 77
	Location, location, location!	p. 77
	Drafting your timeline	p. 78
	How now, brown side-hustle cow	p. 78
	Okay, but why?	p. 79
	Doing the brainstorming two-step	p. 80
	Transforming Your Initial Brainstorming into Your Value Chain	p. 81
	Risky Business	p. 86
	The Best of Times, the Worst of Times	p. 87
	Building Your Business Plan	p. 89
	A short overview and a really short elevator pitch	p. 90
	Your time commitment	p. 91
	Your schedule and major milestones	p. 91
	Key players in your side hustle	p. 92
	Your customers	p. 92
	Startup money, budget, and financial projections	p. 93
	How you'll operate	p. 93
	Risks and mitigation	p. 93
Chapter 5	Taking Your Side Hustle for a Test-Drive	p. 95
	Questions, Questions, and More Questions	p. 96
	Establishing Success Criteria for Your Side-Hustle Test-Drive	p. 97
	How Much Fun Are You Having?	p. 98
	Deciding How Long Your Test-Drive Should Be	p. 99
	Checking Out Some Side-Hustle Test-Drives	p. 100
	Creating videos to monetize online content	p. 100
	Making and selling your own products	p. 104
	Doing delivery services	p. 107
Chapter 6	Putting Your Side Hustle in High Gear	p. 111
	Your Side Hustle Is Cleared for Takeoff	p. 111
	Doing your preflight check	p. 112
	Marking the date	p. 113
	Telling the world!	p. 114
	Stick to the Plan, Stan!	p. 115
	Alert! Alert!	p. 115
	Paying attention to your technology	p. 116
	Having your backup supply chain on standby	p. 117
	Making sure you don't get blindsided by social media	p. 117
	Bracing Yourself for Your First Side-Hustle Hiccups	p. 118
	Doing Your Three-Month Checkup	p. 120
Chapter 7	Running Your Side Hustle Like a Business	p. 123
	Choosing Your Side-Hustle Business Structure	p. 123
	Sole proprietorship: The path of least resistance	p. 124
	Partnership: Not going it alone	p. 126
	Limited liability company: Playing it safe	p. 127
	S corporation: Straddling the corporate world	p. 129
	Your Side Hustle by Any Other Name	p. 130
	Technology and Your Side Hustle	p. 131
	Your technology behind the curtain	p. 132
	Your side-hustle website	p. 132
	Your storefront	p. 134
	Social media	p. 134
	Playing It Safe on the Legal Front	p. 135
	Welcome to the side-hustle zone	p. 136
	Running a side hustle out of your home	p. 137
	Considering the rules of your apartment complex	p. 138
	License and side-hustle registration, please	p. 138
Chapter 8	Show Me the Money	p. 141
	Do's and Don'ts for Your Side-Hustle Finances	p. 142
	Budgeting Basics for Side Hustles	p. 143
	Forecasting your revenue	p. 144
	Separating your gross revenue from your net revenue for budgeting purposes	p. 150
	Planning your expenses	p. 151
	Funding Your Side Hustle	p. 156
	Using your own money	p. 157
	Borrowing money for your side hustle	p. 158
	Bringing in outside investors	p. 159
	Money Coming and Going	p. 161
	Collecting payments	p. 161
	Paying your bills	p. 162
Chapter 9	Keeping Track for You and Everyone Else	p. 163
	Accessing Your Side Hustle's Foundational and Tax Documents	p. 164
	Quickly pulling information from documents	p. 165
	Have another helping of documents	p. 165
	Keeping Track of Everything	p. 166
	Your official side-hustle records	p. 166
	Your backup and catchup plan	p. 168
	Side-hustle record-keeping tools and tech	p. 169
	Digging Into Your Side Hustle's Analytics	p. 170
	Taking Those Old Records Off the Shelf	p. 173
	How long should you keep your side hustle records?	p. 174
	Record-keeping for your real-estate side hustle	p. 175
Chapter 10	Pay Up: Side Hustles and Taxes	p. 179
	Income Taxes and Your Side Hustle: The Basics	p. 180
	Filing requirements based on your side hustle's legal organization	p. 180
	Tax rules and forms depending on your specific side hustle	p. 181
	Everyone wants a piece of the tax action	p. 181
	Decision time	p. 182
	Staying Legal and Staying Honest	p. 183
	Business deductions for your side hustle	p. 183
	Taking your side hustle across state lines	p. 184
	Now for your next side-hustle tax trick	p. 185
	Uh-oh - you goofed!	p. 187
	Filing Your Side-Hustle Income Taxes	p. 187
	Keeping the feds happy	p. 188
	Your state wants their cut, too	p. 192
	Keeping your tax money local	p. 193
	Calculating and Filing Estimated Income Taxes	p. 193
	Tracking and Reporting Payments You Made to Others	p. 194
	Sales Taxes and Your Side Hustle	p. 197
Part 3	Mastering The Side-Hustle Game	p. 199
Chapter 11	Avoiding Conflicts with Your Day Job	p. 201
	Trouble Ahead, Trouble Behind: Navigating Issues with Your Employer	p. 202
	Noncompete clauses	p. 203
	Conflicts of interest	p. 204
	Conflicts of commitment	p. 205
	Knowing Which Outside Activities Are Approved	p. 211
	Making Sure You Don't Use Your Employer's Resources for Your Side Hustle	p. 213
	Computers	p. 213
	Company Wi-Fi networks	p. 214
	Audio/video resources	p. 216
	Company time	p. 218
	Company premises	p. 218
	Dodging Employer Tricks and Traps	p. 219
	Side-hustle awareness begins even before you start a job	p. 220
	They're coming after you!	p. 224
	A little paranoia never hurt anyone	p. 226
	The employer strikes back	p. 226
Chapter 12	Spinning Off Your Current Side Hustle into a New Side Hustle	p. 229
	Spinning the Side-Hustle Web That's Right for You	p. 230
	All aboard the synergy train	p. 230
	Building a balanced side-hustle portfolio	p. 231
	Passing the side-hustle baton	p. 232
	Putting Together Your Side-Hustle Jigsaw Puzzle	p. 234
	Making sure you have enough time available	p. 234
	Checking for conflicts	p. 236
	Balancing your side-hustle checkbook	p. 237
Chapter 13	Other People and Your Side Hustle	p. 239
	Give That Side Hustle Proposition the Once-Over	p. 240
	Gathering your team of advisers	p. 242
	Deciding what to share and with whom	p. 244
	Howdy, Partner!	p. 246
	What does a potential partner offer?	p. 246
	How do the two of you get along?	p. 247
	How does a potential partner get along with other stakeholders?	p. 247
	What are this person's weaknesses?	p. 248
	What other alternatives do you have?	p. 250
	How will the financial picture of your side hustle change?	p. 250
	How will the voting and ownership of your side hustle change?	p. 250
	Joining Someone Else's Side Hustle as a Partner	p. 251
	Why are they asking you?	p. 252
	What do you offer?	p. 252
	How will the compensation and ownership be set up?	p. 252
	Can you be kicked out?	p. 253
	Can you wind up on the hook financially?	p. 254
	Your Side-Hustle Supply Chain	p. 255
	Interacting with Your Side-Hustle Customers	p. 256
	Divvying Up Your Side-Hustle Workload	p. 257
Chapter 14	Deciding When to Change Directions or Pull the Plug	p. 259
	Sign, Sign, Everywhere a Side-Hustle Sign	p. 260
	Changes in your customers and markets	p. 260
	Supply-chain changes	p. 262
	Climate change, the side-hustle version	p. 263
	Don't look now, but you've got company!	p. 265
	The Biggies: Time, Money, and Fun	p. 267
	Time is - or isn't - on your side	p. 267
	Checking the cash register	p. 267
	A great time was had by all	p. 268
	Roll with the Changes	p. 268
	Musical chairs	p. 269
	Addition by subtraction	p. 270
	Addition by addition	p. 270
	Turn Off the Lights, the Party's Over	p. 271
	Cleaning out your closet	p. 272
	Saying your goodbyes	p. 272
	Tidying up the financial side	p. 273
Chapter 15	Deciding What to Do If Your Side Hustle Gets Really Successful	p. 275
	Is Your Side Hustle Ready For the Big Time?	p. 276
	More time!	p. 276
	You have your money bases covered	p. 277
	Get me out of here!	p. 278
	Your Side-Hustle Business Plan, Take 2	p. 279
	Letting your brain storm again	p. 280
	Updating your side-hustle value chain	p. 285
	High hopes versus dashed dreams	p. 286
	Looking at Key Financial Considerations	p. 287
	Leaving No Going-Full-Time Stone Unturned	p. 289
Part 4	The Part of Tens	p. 291
Chapter 16	Ten Tips on Earning Passive Income from Your Side Hustle	p. 293
	Remember That "Passive" Does Not Mean "No Work Required"	p. 294
	Watch Out for Get-Rich-Quick Schemes	p. 294
	Recognize That Some Side Hustles Are Mislabeled as Passive Income	p. 295
	Know the Difference between Investment Ideas and Passive-Income Side Hustles	p. 295
	Pay Attention to Your Fans	p. 296
	Weather the Storm of a Failed Side Hustle	p. 297
	Find the Right Flavor of Passive-Income Side Hustle	p. 297
	Be Prepared for the Financial Ups and Downs of Passive-Income Side Hustles	p. 298
	Calculate Your Passive-Income Side-Hustle Life Span	p. 299
	Stack Your Passive-Income Side Hustles	p. 300
Chapter 17	Ten Leading Gig Economy Platforms	p. 301
	Angi	p. 302
	Fiverr	p. 302
	FlexJobs	p. 303
	Freelancer	p. 303
	Guru	p. 303
	99designs	p. 304
	TaskRabbit	p. 304
	Toptal	p. 304
	Upwork	p. 305
	ZipRecruiter	p. 305
Chapter 18	Ten Signs That You Need to Adjust Your Side-Hustle Strategy	p. 307
	You're Not Making Any Money	p. 307
	You Don't Have Enough Time	p. 308
	The Overall Environment Is Shifting	p. 309
	You Experience a Major Life Disruption	p. 309
	An Even Better Side Hustle Has Surfaced	p. 310
	A Key Supplier Can't Deliver	p. 310
	You've Achieved Your Goals Sooner Than Planned	p. 311
	A Business Partner Has Let You Down	p. 312
	Your Early Test Phases Don't Prove Out	p. 313
	You're Not Happy	p. 314
	Index	p. 315

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