The primary goal of your side hustle should always be making more money because it must be profitable.
Here are some ways to make more profit in your side hustle:
- Commit to a schedule of regular price increases. If you don't raise your prices regularly, your profit margin will always be thin.
- Pursue incremental revenue. It's not that difficult to make more money once you're making money. Review your side hustle and see where you can earn additional income with little additional investment of time
- Start another side hustle. Build multiple streams of income so you're always diversifying your wealth