We talked about each others business and they both gave me some great advice on what to do tax wise for my business as it continues to grow.
When I got back home, went through notes, business cards, and keeping up with the new friends I had made I came across Jasons’ Side Hustle Income Challenge, and of course I had to participate.
The competition starts on October 3rd and ends on November 4th giving us 5 weeks to hustle our way to a thousand.
According to the “rules” you can pick any side hustle, have as many as you like, and only side hustle income counts. So for me the only income that doesn’t count is my normal 9 to 5… which at this point is probably my smallest take home income anyway.
My Plan to WIN
If you have been following me, or just look at my income reports, you see that my income already exceeds $1,000. So I want to increase it to $3,000 during the contest.
So here is how I intend on doing it.
Go Heavy On Amazon
Amazon is by far my highest side income maxing out so far at $1,717.70. If I make that again I will be happy, if I make more I’ll be happier.
I want that to grow, I want to get cash together to get out of debt, and to have capital for Amazons busiest time of the year.
This is my first Holiday season selling on Amazon. Some say they make 50 to 70 percent of their annual income during November and December. To do that I need capital, so this competition can assist with an influx of capital.
Increase My “Blog Income”
Looking at my current side hustle income “Blog Income” is by far the lowest, only making me $50.
To change this I will add a resource page. The majority of the links on the page will not make me income and will only be there to help others. However, some of the links will be affiliates.
Also due to FinCon I have added some ads to the site. I spoke with many there and a company Media.Net that works with site owners, making sure that the ads match the owners beliefs.
So far it has been pretty easy putting up ads, and I look forward to seeing the success of it in the future.
I’ve shied away from this lately for a number of reasons. First, my car already has a LOT of miles (over 150,000). Second, it feels more like work than any of my other side hustles. It’s very time intensive and keeps me away from doing other things like writing.
But, it’s easy money.
I don’t have to think about how I’m going to find a new client, or will people really like what I say or even read it. Instead I just wait for a passenger who is usually more than happy to just get in the car, not talk, and go to their destination.
I need to do more of this, not only for the competition, not only for the money, but because I write about it and want to be up to date on how the current situation of rideshare.
Find Freelance Clients
A main goal of this site, and of going to FinCon, is to find clients to write for. This site already produced my very first client and I can’t thank her enough for the opportunity she gave me.
Since Hayley stopped writing on DiseaseCalledDebt, however, I haven’t found a new client. Partially because it’s not easy, and partially because it is absolutely terrifying to put myself out there.
I did go to the freelancing networking event at the conference and a few things may come from that, only time will tell.
To be completely honest, I don’t think I’ll win this competition. Not because I won’t make money, I know I will. But, because I’m up against some pretty talented people who have been doing this longer than I have. I really look forward to the challenge.
I am curious if I already started though, see I count my income as when it is deposited into my bank account not when I actually make the sale. So on October 3rd I received a payment from Amazon of over $1,000, does that mean I was at $1,000 on day one of the competition? I really don’t know I don’t think I’ll count that but we’ll see.
I’m not sure if I’ll recap this in its own post or not, but I will for sure bring it up in Octobers Income report so come back then to see how I did.
If you want to join in the fun, please do, head over to Jasons’ site and leave a comment. I’m sure he would welcome more participants. If he doesn’t I’m sorry but you can leave a comment here and we’ll have our own side, side hustle competition.
Image courtesy of renjith krishnan at FreeDigitalPhotos.net