Let’s face it, we could all use a bit of extra money. Because of this, we are seeing the number of people starting side hustles rising by the day. In fact, as of 2021, roughly ⅓ of American adults have a side hustle. However, not all side hustles are created equal and many of which are a downright waste of time. Want to know which side hustles you should avoid? Stick around and you’ll find out which five hustles will never make you rich!
Side Hustle #1: Virtual Assisting
There’s no doubting the fact that it feels good to lend someone a helping hand. This is why we offer to carry groceries for the elderly woman we meet at the grocery store or why we shovel the snow for our old and withered neighbour. While doing good deeds fills the soul, it doesn’t always fill our bank accounts and this is also the case with virtual assisting.
When people first start out their side hustle journey, they tend to research which options they have for making more money. One of the common options they are presented with is working with others as a virtual assistant. This is an appealing means of making money for a few reasons. First, in many cases, it requires little experience making it perfect for the side hustle newbie. Second, it takes little upfront capital. With just a computer and an internet connection, you can start making money in this way. Finally, you can work from home and if we’ve learned anything over the past two years it’s that working from home rocks!
Now, I may have just presented to you a sales pitch for wanting to be a virtual assistant but trust me it’s not all it’s cracked up to be. The main issue with virtual assisting is the primary purpose the role is derived from. What do I mean by this? Let me explain!
At the core, the role of a virtual assistant is to take tasks off the plate of someone else. For many people, there are simply too many tasks for them to complete on their own and as such hiring a set of helping hands can be incredibly useful. However, this help does come at a cost and this cost needs to be compared to the benefit of having more freed up time. For instance, it makes total sense to outsource your time if you can pay someone $20 an hour while you turn around and sell your time for $100. However, not everyone can pull off this…