Join The Gig Economy With A Side Hustle To Supplement Your Income

Join The Gig Economy With A Side Hustle To Supplement Your Income In today’s economy, more people are looking for ways to supplement their income with extra work. Known as the “side hustle”, working as an independent freelancer gives people the freedom to take on the additional work they want, when they want. Why freelance? Working in the gig economy allows a great deal of flexibility. People can choose when it’s a good time to work more and still make time for their personal life. Gig jobs also allow workers to market themselves and build up a portfolio of clients that, one day in the future, may give them the opportunity to make the move from traditional employment to full time gig work. Are you looking for a side hustle in the gig economy? Here’s how to make it a reality: What skills and services do you have to offer? In order to find extra work, you’ll need to have a skill or service that people are willing to hire you do to. Whether its photography, website development, or walking dogs, find a marketable skill that’s in demand. Establish a flexible work schedule You’ll need a work schedule that fits in with your current full or part time job. Because when you become a gig worker, you’ll essentially be working two jobs. Even though your side hustle is on your own terms, you’ll still have to find time for your freelance projects. Money matters With your traditional job, taxes will be automatically deducted from your pay. As a gig worker, you’ll be responsible for paying your own taxes. Be smart and learn all the tax rules so you know what to expect. Establish your rates Don’t fall into the trap of accepting whatever offer people give you for your services. Otherwise your side hustle won’t be worth your while. The whole point is to supplement your income, so come up with rates that a) pay you what you’re worth, and b) ensure that you’re actually getting ahead financially. Market your skills and services As a gig worker, you’ll need to market your skills and reach clients. Use online platforms for gig jobs, build a website and post your portfolio, and market yourself on social media. As more people look for ways to earn extra income, gig jobs are going to become more popular. Working independently for yourself is a great way to decide when you take on extra work and what type of work it is. To learn more about how to become part of the gig economy with a side hustle, startup insurance company, Embroker put together this comprehensive guide on navigating the gig economy.