The Sharing Economy: Looking for a Side Hustle
The gig economy is what is providing some people with their full-time incomes. And for others, with a way to supplement their regular take-home pay. Here is an interesting study from The Hustle about the entrepreneurial pursuits of people working a second job.
What are some of the gigs that people are pursuing?
Here are just a few of the hundreds of jobs that people are working at, as a side hustle:
How do you find a side hustle?
First, keep in mind that you are looking for an exchange of goods or services. Albeit, usually without a middle person. Some of the best ways to locate a business or employment opportunity are through traditional avenues and networking. Almost all contacts rely on technology.
Here are a few ways to find your next side hustle:
- Word of mouth
- Community-based social-networking websites such as Nextdoor
- Niche websites specific to your line of work. For example, Rover.com for pet sitting and dog walking
- Apps or websites specific to the type of shared economy: TaskRabbit, Turo, Uber, Lyft, VRBO, Airbnb
- Fee-paid services which link freelancers with jobs, such as Upwork, which charges a fee based on the dollar amount of earnings.
- In addition, for more in-depth information and additional platforms to explore, visit SideHusl.
What are the risks?
In future articles we will discuss how participating in a shared economy network can impact your risk. Subsequently, we will address what this means from the perspective of both a provider and a user of goods or services.
Similarly, we do not make any recommendations as to the advisability or tax ramifications of pursuing any of the aforementioned opportunities.