Never Take On Side-Hustle Debt - Deepstash

Never Take On Side-Hustle Debt

To avoid having to work for years before turning a profit, start a side hustle you can fund through savings or that you don't need to fund. Provide a service that only requires the tools you already have.

Prove to yourself that there is a market -- and that you can serve that market -- before you take on any debt. If you can't find a way to start your side hustle without going into debt, find a different idea.

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"There's no money in poetry, but then there's no poetry in money, either." ~ Robert Graves

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Tips On Running a Side Hustle

  • Before you plunge headfirst into a passion project, do your research.
  • Spend time online to see what others are doing
  • Keep initial costs low by using a free website builder and advertising on social media.
  • Ensure your company’s policies don’t ban freelance work.

The Side Hustle

  • A side hustle is when you continue to earn money, putting food on the table, and from your savings and the free time you have, build something that can have some value much beyond the time and money it took to build. Example: You can use your late evenings and weekends writing a book or...

Validate Your Side Hustle

Your side hustle idea may seem awesome and disruptive to you, but your potential customers will likely ignore it like most “brilliant ideas” or even not have a need for it. So, ensure you're not creating a solution to a problem that doesn't exist, as this is one of the top causes of startup failu...

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