Is it your dream to retire early?
Do you want to stop worrying about where to get the funds for next month’s bills?
If so, then side hustle stacking might be the thing that levels up your money-making game!
These days, most folks can get by without full-time employment.
They rely on a monthly income from their side hustles instead.
Over 44 million people in the US make extra money on the side.
You probably have a side gig or are actively seeking one out.
Good on you!
Aside from a primary source of income, it’s a good idea to run a few additional businesses to supplement it.
With any luck, your success in one form of supplemental income will pave the way to even more opportunities to earn money.
I’m telling you, side hustle stacking is the logical next step.
Want to learn more about starting your side hustle stack?
Then, read on to find out how to boost your earnings and earn the financial independence you’ve been yearning for.
What is a Side Hustle Stack?
A side hustle stack is exactly what it sounds like.
It’s compounding multiple revenue streams simultaneously.
I’m talking about having a couple of hustles (like food delivery or blogging) on top of a regular 9-to-5 job.
Or you could do away with the 9-to-5 job and focus on managing and gaining more earning opportunities.
I’ve been using this technique for a while now, and I can tell you that it’s great to have something to fall back on if one hustle slows down.
It’s also comforting to know that I’m doing all I can to maximize my earnings.
There is a website called Side Hustle Stack.
It’s a free resource listing many hustle opportunities for extra cash.
Notion, a notetaking and project management application, powers the platform so users can efficiently catalog and access all side hustles.
I think Side Hustle Stack’s strength is in the breadth of its categories.
It allows for easy organization of information regarding a wide range of careers.
Side Hustle Stack is a great place to begin your search for today’s most in-demand side employment.
But don’t limit yourself there!
Side Hustle Stack Types
“Side Hustle Stack” is open to your interpretation.
After all, it’s strategic and personal.
Here are some common types of stackers:
The Service Stacker
Let’s say you’re already doing freelance work like writing.
Then, signing up for as many job marketplaces as possible would make sense.
You’ll have to get resourceful to make a good living with freelance writing.
If you’re trying to bang out books, blog entries, scripts, and things of that sort, AI-powered writing tools will benefit you.
An ambitious freelance writer won’t rest until they have signed up with multiple sites and are actively pitching their services.
And while doing so, they must plan to maintain a healthy work-life balance to make the most of their chances.
The Gig Juggler
Gig juggling means providing the same service across multiple gig apps.
These multitaskers start their side businesses by searching through numerous platforms for available work.
This is a common strategy for gig workers to increase their job chances.
These new ideas for side jobs will help to augment your income.
Wouldn’t you say they’re making the most of their revenue potential this way?
The Modern Content Creator
Over the past ten years, the gig economy has expanded dramatically.
The recent pandemic probably has a lot to do with that, too.
As a content creator, you’d have many methods to stack side gigs.
First, you need to build upon a primary platform.
You can use that to launch succeeding channels that generate revenue through advertising, collaborations, affiliate programs, etc.
Another way to further monetize your skills is through coaching and consulting services.
If you want to go bold, you can launch a YouTube channel to generate more revenue.
In short, your primary source of income will be your brand.
Everything else would be a byproduct of that.
How To Start The Side Hustle-Stacking Lifestyle
There’s a good chance that you’ll start feeling overwhelmed as you take on more work.
That’s only natural.
That’s why you need to have a plan before jumping into this hustling life.
Here are some steps to ensure you don’t get burned out.
Assess Your Current Situation
There’s no shortage of side hustles out there.
Here’s how you can narrow down your options.
First, think about your strengths and interests.
Then, evaluate your background and expertise to see if relevant job openings exist for you.
Lastly, consider your current way of life and the type of supplementary income that would work best with it.
Are you busy during the day?
Do you have kids to take care of?
These must all be considered so you can take on work that makes sense for you to accomplish.
Begin With One Gig
Before you start, you’re probably eager to take on as much work as possible.
I’m sure you can handle a lot, but that’s not good for your mental health as a novice.
It’s best to begin with a single new hustle and be realistic about the extra responsibility you will take.
Keep your options open while putting all your effort into making that one hustle a success.
Once you feel that hustle becoming second nature to you, then it’s time to look for another one.
Set Workable Goals
Selecting a side hustle is the first step, but once you know which one to pursue, you need a plan to guarantee its success.
Think about what you want to achieve and map out a plan to achieve it.
Being practical is essential here.
Being disciplined and focused will go a long way toward achieving your goal.
If you get into hustles unthinkingly, without a plan, you risk working more than you have to.
Gain More Skills
Taking a course could likely help you fill in any knowledge gaps and speed up the progress of your side hustle stacking.
You generally have three courses to choose from, which are:
These will teach you marketable skills that will improve your current hustles.
For instance, you could take a marketing course if you’re running an online business.
Once you offer services, you’re automatically a business.
A working knowledge of business will boost your earnings.
These courses typically teach sales, finance, marketing, and business strategies.
Explore these recommendations for the best online course platforms for your business.
Having multiple side hustles will take a lot of brain power.
It could even take an emotional toll.
As you navigate this new space, having the right mindset will help keep your head above water.
With the right mindset, you’re setting yourself up for success.
It’s easy to feel isolated when working on side jobs.
Having a guide or group of people to lean on is crucial to building your side hustle stack into something more meaningful.
Courses typically feature a built-in community where students can connect.
Don’t be shy about participating and making friends!
Online communities are great places to find others who share your interests.
Maybe you’ll meet someone who will save you from a costly or time-consuming mistake.
There’s no need to struggle alone; ask for help!
It could be beneficial to you to have a mentor.
Think of this as a time investment in your stack’s future success.
Set Up Side Hustles Around Your Life
Your side hustles don’t necessarily have to complement each other.
You’re doing just fine as long as you have time to accommodate them.
For example, I run this blog and dabble in real estate.
These hustles are unrelated, and I must make time for both throughout my week.
Of course, I can’t neglect my family either.
You, too, can arrange your time spent on various hustles to coincide with your other personal commitments.
Side Hustle Stacking Ideas To Try Out
A side hustle stack is the surest way to bulk up your earnings.
It’s a no-brainer.
The idea is to make more “money moves.”
Once you have a few hustles lined up, you can easily switch between them if one starts to slow down or lose appeal.
Use Multiple Gig Apps
There are so many gig apps out there!
Enterprising folks maximize their earnings by “multi-apping.”
You can see which apps best suit your needs and skills by trying different apps.
If you work, you’re sure to make decent money.
Try with one or two gigs, then expand as you learn what brings in the most money in your location.
Set Up an Educational Revenue Stream
This is a lot like hitting two birds with one stone.
Whatever your specialization, you could double your earnings if you teach others how to do it.
You will perform your usual tasks anyway, so why not document your process and share it with people aspiring to be like you?
Blogging and making YouTube videos are a part of my side hustle stack.
It took a lot of work to set these up, but they don’t demand much of my time these days.
I outsource some of my writing, and my videos generate money once I put them up.
If you want to take this teaching seriously, you could create an online course.
That takes a lot of work, but the money will keep pouring in as long as folks sign up for it.
You could also offer consultation services to expand the benefits of your expertise.
Open Up Passive Income Streams
Speaking of passive income, I’d say this is the most innovative way to side hustle stack.
You just set it and forget it.
If you have a full-time job and a family and don’t have much time for a side hustle, you should try stacking passive income streams.
The good news is that there are countless ventures to look into, such as:
- Investing in real estate
- Investing in ETFs
- Using passive income apps
- Renting out stuff (sports equipment, vehicles, spare room, etc.)
- Selling digital products
Think about it.
A passive income of $300 per month means an additional $3,600 to your bank account at the end of the year.
And that’s only the beginning!
Many stackers use retail arbitrage as a solid sideline.
You’ll buy high-demand items at low prices and resell them for a profit.
You could also try secondhand shops and garage sales, then resell those items online at a profit.
Amazon FBA is one of the most well-known marketplaces, and sellers there typically stock up on items in hot categories like clothing, tech, furniture, and toys.
However, Amazon has only one option for selling online, and the industry is highly competitive for newcomers.
You can get started with online sales via several alternative apps and platforms, such as:
You can kickstart your side hustle sack by offloading unused or unwanted items you find while spring cleaning.
You can use that profit to buy more stuff at a thrift shop or online during bib-box clearance sales.
It could take some time until you have enough stock for consistent sales.
Eventually, you might be able to develop this side gig into a legitimate business.
If that’s not your goal, it’s always wise to keep up with trends to find out what’s selling and be the one to provide it to eager buyers.
As we conclude here is a great article, the ultimate showdown: Mercari vs eBay in the realm of online commerce!
With this newfound knowledge of side hustle stacking, it’s time to take action!
Now’s the time to realize your financial goals and improve your situation.
I’m sure there must be skills that you could use to boost your earnings.
I hope the tips I gave you above help you out.
If you’re strategic about it, you can turn your gig money into your primary source of income, leaving you to conquer more hustles.