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- Here's why your side hustle is not making $500/day
Here's why your side hustle is not making $500/day
Ever got caught up?
Hey Cashflowers,
Hey Cashflowers,
Let’s get into our today’s awesome story!
5 Reasons Why Your Side Hustle Isn't Making $100/Day:
Lack of Product Research
Jumping into a side hustle because you're passionate is great, but you need to make sure there's a demand for what you're offering. Do your homework! Find out if people actually want or need your product or service. This will save you time and help you make money faster.Poor Time Management
Balancing a side hustle with your daily life can be tough. It's easy to start strong and then lose steam. Create a realistic schedule and stick to it. Even an extra hour in the morning or evening can make a big difference. Consistency is key.Inadequate Marketing
You can't make money if people don't know about your side hustle. Use social media, write blog posts, or share tips online. Giving away some valuable content for free can attract paying customers later. Don’t be shy promote yourself!Neglecting Monetization
Have a clear plan for how you'll make money. Whether it's through selling products, offering services, or creating content, think long-term. Make sure your hustle is scalable and has the potential to grow.Giving Up Too Soon
Success doesn't happen overnight. Many people quit right before they might have succeeded. Stay persistent and keep going, even when it gets tough. Learn from your failures, adapt, and you'll eventually see results.
Top 3 Resources of the Week
Most underrated wealth hack:
Making your money work for you.
Here's how to do it:
— The Millennial Money Woman (@The_MMW)
11:15 AM • Jun 27, 2024
• Working Capital
A cash reserve is only good if you aren't in it.
If you haven't planned your working capital sufficiently, then there's a likelihood you will end up in your cash reserve more than you want to be.
This is where your working capital requirements will come in.… x.com/i/web/status/1…
— Clint Murphy (@IAmClintMurphy)
2:41 PM • Jun 27, 2024
Airbnb is valued at $90+ billion today.
Here’s emails from investors passing when they were trying to raise $150,000 for 10% of the company.
These should motivate any entrepreneur.
— Andrew Gazdecki (@agazdecki)
1:20 PM • May 28, 2024
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