How To Turn Your Side Hustle Into A Business!
Q: How do I shift my side hustle into a real business? Annie J. Vancouver, BC Canada
We love this question because using your side hustle to create your own businesses is a great first step to success. Let’s start by looking at what you have going for you. You already have a growing customer base. So much so in fact, that for you to grow it further you may need of additional help to keep things up and growing. We would suggest that you take a tip from several of the biggest brands in the world who all started out as home based business developed from side projects and that is they got a little help from their friends. If you don’t have a friend that is qualified to meet your specific need we would suggest perhaps posting a part-time job opening at your local university. You are going to need the extra help to get you through this next phase.
The First Step In Turning Your Side Hustle Into A Viable Business Is To
Think Of It… As A Business.
That means you will need regular business hours, a dedicated space to work and set up an office as well as a place to do business online. That could be a website, landing pages, or an online store like Shopify or Amazon. You probably will also need a business license, bank account, payment system, phone number and PO Box. Most of these expenses are also tax deductible if you are reading this in the USA. That means you will need to track your income and expenses with some bookkeeping software.
Turn Your Side Hustle Into A Business With A Business Plan
You are going to need to write out a business plan for your company. This is literally your pathway to success. The process of creating your Business Plan is where you avoid costly mistakes, see potential opportunities to build your customer base, innovate, and design solutions to your customers’ most urgent needs.
Turn Your Side Hustle Into A Business By Building Your Brand
One of the best ways to build your brand in any market by creating strong relationships with your customers. Your customers are looking for three things from you
- They want to feel safe doing business with you
- They want to feel valued by you
- They want to feel empowered by you, your products and services
The last and perhaps most powerful way to build your brand and your customer base is your “Why”. Your “why” is what you believe in as a business. It’s why you do what you do and the way you do it.
As an example, we are big believers in independence and freedom of choice. As a result, we created Business Genesis to empower you to start and grow your own successful business doing what you love.
This may all sound a little over whelming right now, but please remember this is a process that you take one step at a time.
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Now, we have a few more things for you!
Have a comment or question about this week’s post? Let us hear from you! Post your own success stories or ask a question about how to move your own business forward to success! If you have a question about your business please feel free to Contact Us and send a personal message. We love hearing from you and read every post personally! You can join the fun on our Twitter, and Instagram and share your own success tips! If you are looking for more practical hands-on help we have two other resources for you.
First, we have created Business Genesis and our Small Business Toolkit for small business owners just like you to help you start and grow your own successful business and meet today’s challenges head-on with confidence. You can find yours right here.
Business Genesis is a Step-by-Step Online Training Course That Shows You How to Start, Grow, and Market Your Own Successful Business Doing What You Love!
Everything you need to guide your very first steps is laid out for you in simple , easy to understand and organized modules with easily accessible lessons.
Business Genesis shows you exactly how to create financial security and build your brand and customer base, shows what works in marketing your business to the world, and guides you how to leave a legacy of success with tips and tools to help you build financial security and positive impact on your local and internet community.
You can finally enjoy the freedom of doing something you love and generating an income you can actually live on. Get Started Now!
If you go to our Resources Page and Bookstore you will find a ton of tools and information to walk you through each step and help you implement it into your business. I would also highly recommend that you buy a copy of Business Genesis and The Small Business Toolkit. They will walk you though everything you will need to know step by step. Just do one thing before you move on to the next. Make it your goal to accomplish one thing each day that will bring you closer to your goal of business and financial success.
One last thing to help you, if this year has taught us anything as business owners it is the art of the pivot. Being creative and flexible in how you do business will be key to growth and success as we move forward. To help you I have linked some additional articles below that are specific what you are currently facing and should help you a lot. If you still have questions please let us know. We are more than just a blog with cool information and tips. We are here to help you succeed. That is our mission. That is why we exists. We would love to have join our chat on Twitter. You can get direct, quick answers to your current questions. If you would like to send us a private message please feel free to Contact Us directly. We love hearing from you!