Why Does My Side Hustle Always Fail
When it comes to most side hustles, most people will fail. So what does it take to run and operate a successful start-up side hustle?
TIPS - FYI
10/2/20234 min read
We have all seen the videos and have read the articles. They all claim the same thing. You can earn thousands in just 1-day all you need to do is this. They then show some screenshots as proof of income to get you thinking that what they are doing, really does work. They also give you the impression that if you do what they say right now, you could have this much money in your bank by tomorrow.
I have been working side hustles for 15-plus years, and yes, I have made money with most of them. My main source of income comes from a side hustle that I started over four years ago on Amazon KDP. I have expanded on this side hustle to now include this website.
The fact of the matter is yes, you can make a lot of money doing all types of side hustles. Now, this is what they don’t tell you.
Why Does My Side Hustle Never Make Any Money
What Is The Best Get Rich Quick System
The truth is, there is no real get-rich-quick scheme. Everything you do to try to earn money, and it can be either an online or an offline side hustle concept. It will take a lot of time and effort on your part. But saying this, there is and always will be the exception.
The majority of the make-money-now systems they showcased in these videos and articles. Most will generate some income. The truth is, it’s nothing near what the video or article states. The truth is most people will fail, and the reason is simple. They are not treating their choice of a side hustle as a business. That’s right. You have to treat any side hustle you choose to do like you would any other business you start up and want to succeed at. Next time you are checking out one of these systems, just perform a quick Google search using the terms how many people make money at..., what is the average income from... and ... system review
What Does It Take To Start A Successful Side Hustle
With any business, you have to invest start-up capital in some form. The start-up capital could be as little as purchasing a domain and Webhosting service. It can also be an investment of your time.
When it comes to any side hustle and or business. You have to work at it and work it a lot. I have found over the years, that people will just dabble and then move on to the next side hustle due to the simple fact their lack lust effort, didn’t produce any results or achieve the results they thought they should get.
What Are Some Side Hustle Expectations
When I built three dropshipping sites, I didn’t see any results until I started working the sites. This meant I promoted the sites, worked on improving the SEO experimented on price points, and was constantly looking for a better product and or suppliers, and I kept at it. Doing this also took a lot of time and effort on my part. Only when I started working the sites did the sales start coming in.
When I started my KDP publishing business. I started with low-content books. I created 175 low-content books, and none sold until I started treating it like a business and not just a hobby. I took the time and learned how to do keyword research and design unique covers. I then switched to full-content books, and that’s when the real money started coming in. When it comes to the low-content books that I published, I averaged $1 per month per book. With the high-content books, though, it was a lot more work. This work resulted in a better payday at the end of the month.
Affiliate marketing. Did you know, 90% of the money earned from affiliate marketing is earned by the top 10% of marketers? That leaves the remaining 10% of the funds to be shared by the remaining 90%. You can get into the top 10% of earners, but only if you put the work and time in.
Blogging. You can make great money blogging through your website, where you can combine affiliate advertising, marketing deals, AdSense revenue, and other income streams. Like everything else, it will take a lot of time and effort to create the proper and good-quality content to attract visitors to your site. But you will need more than just the quality content. You will also need great SEO, a fast-loading site, backlinks, and more.
YouTube, it can take you well over a year or longer to get the required 1000 subscribers and 4,000 watch time hours. Producing good quality content for your videos can take up a lot of time to create. I know I did it. Some videos would take me up to 30 hours or more to plan and record the content, edit, upload, and do all the backend stuff like the thumbnails, keyword research, and writing the description. I stayed with it, and I am slowly seeing the results. But there were many times I wanted to quit due to a lack of results and progress.
With any business. You have to do your research first before anything. I also recommend that you become an expert in the business you have chosen. Learn all the ins and outs of the day-to-day operations of your business, but also learn how to grow it and plan for the future. Starting, you should be the business.
With any business, you will only see the results you want if you put in the time and the work effort to make it a success. There will always be the one person who defines all the odds and becomes an instant success overnight. I have discovered over the years that hard work does pay off. For some, it just takes longer than for others.
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