The fashion industry has been imploding for a while now and, thanks to the drastic changes COVID has brought, the need for a change is greater than ever. Over inflated inventory and constant surplus issues, all of which have been a thorn in the side for years, are even more painful and in danger of threatening retail than before.
In the recent New York Times article, Sweatpants Forever, Irina Aleksande takes a look at just how fashion has been further imploding under the added weight of the Coronavirus. Stuck on a precipice of change since the 2008 recession, the industry has struggled to truly find its footing in terms of producing what consumers really want
As soon as your day job ends, it’s time for your passion project.
Side hustles have moved from being fun projects to a major source of income for many during Covid-19 and stay-at-home orders. So while your freelance gig, Etsy craft store or personal blog may bring in some extra cash flow, it doesn’t have to stop there. A recent survey revealed that 54% of respondents planned on starting a “side hustle” due to the Covid-19 pandemic, with some seeing success they never thought possible within their nine-to-five jobs.
One-off-job-related sites such as Upwork have seen a 50% increase in registration volume across many categories, including technology-related jobs, according to data from the end of March and April.
If you’re a graphic designer, blogger, social media manager, or even dog walker, multiple projects can easily turn into long-term gigs if you start to take your side hustle seriously. Here
After a candid conversation with the CEO, Dan Shapero at LinkedIn developed a plan to change jobs within the organization. Here’s the three-pronged strategy the executive recommends for anyone feeling stuck or restless in their career.
How a 25-year-old entrepreneur bootstrapped her free newsletter into a 500,000-subscriber business that made $1.1 million in one month
Daniella Pierson started Newsette as a sophomore in college, sending out her first Mailchimp newsletter to 11 subscribers. Six years later, the 25-year-old has grown her free newsletter into a 500,000-subscriber business that made $1.1 million last month.
Read more here.
Meet Katherine Power, the serial entrepreneur who’s running 3 companies with more than $60 million in total funding, including one with Cameron Diaz
When you are starting a side hustle, one of the most important things you can do for your business is market. But marketing can get pretty out of control if not planned strategically. The first thing you need to do is make sure your marketing is synergistic with your sales plan.
Years ago, I worked for an ad agency in San Diego. Out of the blue someone called our office and asked to speak to the media buyer – which was me. I answered the call and it was a local plumber, who serviced commercial buildings and businesses. He wanted to know if we could create an ad for his business to shine on the side of building at night – because he saw this done in Las Vegas the weekend before and thought it was clever.
So I asked him, “This particular ad would only be seen during evening
With the world economy sputtering and businesses closing all over the country, you may not think right now is a good time to start a business. But it is a good time to start a side hustle. With the flexibility of remote work, companies are looking for innovative ways to save money and recruit the best talent, making contracts and consulting work more in-demand. Regardless of your skills, Kim Perell’s Side Hustle Accelerator Course will help you start earning some extra income as soon as possible.
Kim Perell is an award-winning entrepreneur, investor, and bestselling author who has been an early-stage investor in more than 80 startups, 16 of which were acquired by Fortune 500 companies. She’s been featured on CNBC, Fox Business, MSNBC, and hosted Good Morning America’s Side Hustle Showdown. Perell regularly appears as a judge on Entrepreneur’s Elevator Pitch series.
At this point, you most likely know what you’d like your side hustle to be. You’ve narrowed down your niche, looked into the feasibility of it, set expectations with your loved ones and defined what systems need to be created. Now it’s time to look at the money.
Making money is thrilling when you start a side hustle. Generating a dollar out of thin air, instead of going into a job is exciting, and not always so easy. Here are a few things you will want to keep in mind when it comes to making money in your side hustle.
Define What You’re Selling
The first thing you need to do is define what you’re selling. Because you’ve already narrowed down your niche, you know who you will be serving – so now
A side hustle is defined as doing something on the side – which means that you’ll be juggling your other life responsibilities. So one of the best things you can do for yourself and your business is to automate, define systems and standard operations that can easily run without your constant attention. Any task that you repeat should be automated so that you can free up your time and attention. Anything that is vital to the health of the business needs to be systematized so that it can be repeated by others you may bring on down the road.
One of my favorite business books, “eMyth Revisited” by Michael Gerber is a fantastic book on why you need to create systems and how to do it successfully. He also details out the pitfalls and burnout that can occur by not creating systems. If you are a new entrepreneur, it’s hard
If you are starting a side hustle, chances are you are managing a lot of different things while doing so. Whether it’s a day job, your home life or your own procrastination. The majority of people who want to build a side hustle are doing so because they want to leave their 9-5, they need some extra cash to make ends meet or they’ve been furloughed due to a global pandemic. Whatever the reason – no business is built by a person who is doing absolutely nothing.
Time management is essential for any business owner, but can be somewhat tricky for someone starting up something on the side. Here are some things to keep in mind when you are starting up your side hustle with other responsibilities on your plate.
Many people are trying to start a side hustle during the pandemic, as rising unemployment and reduced hours are pushing them to look for creative, independent ways to make money.
But the desire to simply survive isn’t enough to make it as a professional side hustler, experts say.
Those who’ve successfully transitioned into working for themselves share with Business Insider the 10 books that helped them find success on the side.
Whether it’s how to’s or a personal account of finding motivation, these books offer practical advice and actionable steps on transforming your passion project into a lucrative source of freedom.
Visit Business Insider’s homepage for more stories.
Thanks to the coronavirus, unemployment is way up and so are new side hustles. Millions have been thrown out of work or seen their hours cut, and according to a host of surveys, many are responding by finding creative, independent ways to