Here's my best advice for turning your side hustle into your full-time gig, all while working less hours:With my early side hustles, I tried acquiring rental properties, then started placing ads in the backseat of Ubers and renting out my three-wheeled Polaris Slingshot motorcycle on Turo, an online car-sharing platform.
I grossed more than $25,000 in 2019 through my Amazon store. I wanted to share with others what I learned from my trial and errors, so I started a new project, which would later turn into my biggest income stream: starting my own YouTube channel., in February 2020. I committed to posting at least two videos per week at first. Over the next eight months, I gained 14,000 subscribers and 871,000 channel views.
I was able to quit my full-time job when I was making less than $4,000 per month because I had paid off all of my debts, except for my house and car. I attribute some of my past failures to treating my side hustles like hobbies instead of businesses. Once I formed a Limited Liability Company in Texas in 2019, I took everything more seriously and professionally. It's not a coincidence that all of my businesses failed until then.
You can form your own LLC by filing a certificate of organization in your state, which normally costs anywhere from $50 to $300. Many states list filing information on theirWhen I was working my full-time job, I lacked motivation to work on my side hustles. If you don't set aside specific times to work on your side hustle, your business may get lost in daily priorities.I invest in business models that require as little of my time as possible. It is the only way I am able to work 22 hours per week and still grow multiple income streams. But remember that automating things, and creating the most effective systems, can take time at first.
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