Thousands of people make extra cash with side hustles and part-time gigs every month, but thousands more fail miserably at the attempt. If you feel like you’re putting effort into moneymaking gigs but getting nothing in return, maybe there’s a reason you’re failing.
Here are 7 reasons why you aren’t succeeding at making extra cash:
1 – You’re not taking gigs seriously
Gigs aren’t your full time job, at least not to start, but that doesn’t mean it’s ok to blow off commitments you make or treat gigs like they’re disposable. The more seriously you take your side hustle, the more likely you are to keep it going. Referrals are a big deal if you’re trying to score more gigs, and nothing kills your ability to find money making ventures than a bad referral.
2 – You’re not building relationships
Building relationships is the key to success in a gig economy. When you’re moving from job to job on a frequent basis, your network is what helps you find the next gig.
3 – You don’t have a long-term plan
While gigs may feel temporary, your future requires something more. Long-term planning helps narrow your focus on what kinds of gigs you should be seeking out. If a specific money making opportunity doesn’t fall into your long-range plans, you might want to skip it in favor of something that gets you where you want to eventually be.
4 – You give up too easily
If your pattern is to start new projects every few weeks in an attempt to make money, you might have a problem with gig commitment. To make any money making venture work for you, you need to put time and effort into it. Most gigs don’t start bringing in the big bucks until you’ve been doing them for a year or more.
5 – You’re ignoring your competitors
Making extra cash can get competitive. Knowing what others are doing in the same field helps you figure out ways to stand out and get the gigs instead of them. The most successful people at any gig are those who scope out the competition and position themselves as a better alternative.
6 – You’ve picked the wrong gig
Frankly, some gigs aren’t huge moneymakers. If your goal is to get a few extra dollars a day while you complete normal activities, things like surveys, microtasks, and secret shopping might be exactly what you’re looking for. But if you’re feeling like a failure because you aren’t making hundreds of dollars per week or per day, then you need to find better paying opportunities instead of fighting to eke out every penny from the little gigs.
7 – You don’t want it enough
Sure, you want the money. And you might want the dream of being a famous musician, an in-demand pastry chef, a highly paid writer, or whatever other fantasy scenario you’ve concocted as your ultimate goal. But do you want it enough to work hard at it late at night when you’re exhausted from a long day at your “real job”? Do you want it enough to take a second job waiting tables or to take on gigs you don’t particularly like to raise the funds to buy the supplies for your real dream gig? If you aren’t doing whatever it takes to get your long-term gig off the ground, then you’re not really interested enough to make it big.