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Money Making Tips For Running A Side Hustle

Money Making Tips For Running A Side Hustle

We may earn money or products from the companies mentioned in this post.

Owning your own business can be such a big investment. However, if you start running a side hustle with a network marketing company you can open your own business with a low-cost of entry and choose who you want to work with you. That is such an appealing idea for many people today and why network marketing has grown in popularity over the last 5 years. Before you step into a side hustle or home-based business you need to understand that it is going to take a lot of work to make it successful. In order to make the most of your time and not take away from your family, here are some money making tips that will help you run your side hustle more efficiently. Some of the links that are in this article are affiliate links. I will not recommend products that I do not use myself or stand behind.

 

Time Management Tips For Running A Side Hustle

 

Running a side hustle (home-based business) can be the most rewarding experience you ever had. You grow more as a person.  You develop leadership skills and close relationships with your clients and team. You earn extra income to support your family.

 

You also get the opportunity to work whenever you want from wherever you are. You can work as little or as much as you want to achieve your desired income with little cost of entry into your particular company.

 

And once you receive your welcome kit and training materials it may seem overwhelming. There is so much to learn and do to get started. Then once you are confident in the products it’s time to bother your friends and family to join you right?

 

No, it’s time to build your contact list and a system to keep your business moving forward. This will have your business work for you when you are sleeping or spending time with your family. After all, didn’t you want a side hustle to have more freedom to spend with them anyway?

 

Make A Contact List

 

I’m sure your upline coach and your business starter kit told you about the importance of a list. Have you made one yet? If not don’t continue reading this. That is the foundation to starting your network marketing business. These are the people you are going to share your business with.  The benefits of your product or service and what it can do to enrich their lives.

On that list of people ( at least 100), you are going to start building or renewing a relationship with them. Find out their struggles, their needs, and what makes them happy.  See if they could benefit from the product or service you offer. If you find a need then explain how it will help them or if it could help someone they know too!

Set aside at least 30 minutes a day to invite new people to view your product or service or to join your business. This is critical to gaining new customers.

 

 

Money Making Tips For Running A Side Hustle

Make Business Hours

 

You can’t be everything to everyone. It’s time to set the record straight with your customers and your team members. Let them know your office hours and be sure you stick with the ones you set. This allows you to have time to spend with family, create content (like these blogs), build freemiums for your customers, and get in a workout.

 

Don’t become a slave to answering your clients and teams questions immediately.

 

They will always expect this to happen and you will make them dependent on your for answers. Stay strong and teach them to respect your time and they will. This will allow you to use your time to focus on the money making activities you need in your business.

 

 

Grow Your List

 

Growing your list is the only way to keep new people in front of your product or service. One way to grow your list is to ask for referrals. To encourage your customers to refer others to you for your product or service is to offer them a gift or gift card when a referral is sent to you and they partake in your services. Show them how much you appreciate them! You should spend some time every week growing your list.

 

Make a goal to grow it by 20 a week or even higher.

 

The King of Money Making Tips: Enroll With A Contact Management System

 

One of the best ways and money making tips I know is to find a system that will work for you. Yes, you need a contact management system.

 

This system will help you organize your contacts into the stages they are in.  For instance, a new contact would be in the forming stage where you introduce yourself to the contact and tell your story to them.

Make sure you contact management system has a place to take notes and even a plan to contact them with reminders.  Let no contact or customer fall through the cracks again.  The best management system also includes an email system that can send out unique message based on the point of the sales process each contact is in. This allows the system to work for you as you sleep.

One way to capture your prospect’s name and e-mail is to have them complete a form in order to receive valuable free information.

 

Otherwise known as a freemium. This will help both you and the prospect.  They receive the valuable free information they need and you are able to develop and build a relationship with them. Some great contact management systems are Active Campaign and Convert Ninja.

 

Can you think of more money making tips for running a side hustle?

 

Leave your answer in the comments.

 

Want to learn how to build your personal brand for your side hustle?

Disclosure of Material Connection: Some of the links in the post above are “affiliate links.” This means if you click on the link and purchase the item, I will receive an affiliate commission. Regardless, I only recommend products or services I use personally and believe will add value to my readers. I am disclosing this in accordance with the Federal Trade Commission’s 16 CFR, Part 255: “Guides Concerning the Use of Endorsements and Testimonials in Advertising.”

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