Out of Work? 5 Tips for Starting a Side Hustle
If you’ve recently become unemployed, you might be wondering how you can avoid dipping into your savings in the meantime. Finding work on the side could be the solution. If you’ve been dreaming of starting your own writing business and becoming an author, now is the time to take the chance! And with consulting support from Write On Press, you can increase your chances of success. Here are five tips for starting a side hustle and set yourself up to scale in the future.
Consider Your Marketable Skills
Before you embark on any new venture, it’s important to think about which marketable skills you’ve mastered and which skills you need to work on. For instance, are there any technical programs, social media platforms, or software tools that you need to learn about? Do you have the strong communication skills necessary to cultivate client relationships? What have you achieved that would prepare you for self-employment? If you know that you have some skill gaps, you could take online courses or work with a mentor to improve in certain areas.
As an independent author, you’ll undoubtedly want to focus on writing and publishing your own books, but you can also offer other services. You can write ebooks for clients or edit and proofread manuscripts. You can find clients in need of these services through online job platforms. In addition, you can let your loved ones know about your new business. You never know who will be able to refer you to a new client!
Advertise Your Services
To advertise your books and your services, you’ll need an author website. Writer’s Digest recommends including calls to action to prompt visitors to check out your recent publications, sign up for your email newsletter, or reach out if they’re interested in your writing and editing services. In addition, you can market yourself on other platforms. For example, you can set up social media profiles to help build your brand!
Growing Your Business
As your business grows, you may need to bring on some additional help to manage your operations efficiently. You could bring a personal assistant on board to tackle some of the daily tasks on your long to-do lists. To make sure you always pay your assistant on time, you’ll need an organized payroll system. Choose a system that offers same-day direct deposit, automatic tax calculating and filing, and automatic payroll scheduling. With software that offers an iOS and Android mobile app for smartphone payroll service, you can take care of payroll anywhere!
As an independent author, you will need to pay self-employment taxes. Figuring out the tax system when you’re running a writing business can seem very complicated! Keeping track of all of your expenses and income throughout the year will make your life much easier when it’s time to file your quarterly taxes. Millennial Money Man also recommends hiring an accountant if you’re not sure how to file or how much you owe. The fee is definitely worth it for the stress you’ll avoid! And to make sure that you’re not short on cash when it’s time to pay up, set aside about 30 percent of each paycheck and save it for taxes.
Losing your job and experiencing a drop in income can be nerve wracking. But when you find yourself out of work, you can use this time as an opportunity to pursue what you truly love. By starting a writing business on the side and launching your career as an author, you can turn your passion into a source of income.
Ready to launch your independent author business? Working with a consultant from Write On Press can help you make it happen! Email us at firstname.lastname@example.org to inquire about our services.
About the Author:
Cherie created Couch-Based Biz to help guide you gently into the entrepreneurial world. The site offers tips, tricks, and guides to help you separate fiction from fact and gimmick from reality.
Read more from Cherie at: ClassyMamaBear.com (Tips for Succeeding in a New Side Gig or Long-Term Career)
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