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Finances & Money

What You Need to Know to Thrive in the Gig Economy

November 26, 2019
By Susan Paige
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Today, there are more than 56 million freelancers working in the United States. Whether they’re freelancing full-time or on the side to make a little extra money, they all have a few things in common; the drive to make more money, the desire to be their own boss, and a passion for their chosen craft.

While it’s becoming increasingly common, breaking into the gig economy can be intimidating. It requires self-motivation and the ability to turn ideas into profits. It also comes with a fair amount of risk, as you invest your time and money into something that could eventually fail. But with a few simple tips, anyone can become his or her own boss and learn how to thrive in the gig economy.

Learn to be Your Own Boss

The first thing you’ll need to learn if you want to succeed on your own is how to be your own boss. While that may seem like a breeze, you’ll quickly see exactly how trying it can be. 

When you wake up tired and simply don’t feel like starting your work, you might be tempted to go back to bed. Or when your friends are getting together and invite you to join, but you know you have things you need to do for your business. After all, you are your own boss, so those decisions are up to you.

But bosses expect work and commitment for a reason; without it, things don’t get done, deadlines are missed, and the business suffers. Being your own boss means learning to make those tough decisions, and becoming self-motivated enough to put your business first, even when the temptation to do otherwise is strong.

Find a Niche You’re Passionate About

If you aren’t passionate about your chosen side gig, self-motivation will be a constant challenge. And even when you are working, it’s unlikely you’ll be giving your work your full, undivided attention.

Finding a niche that you’re passionate about will make it easier to roll out of bed and get straight to work. When the going gets tough, your passion can help keep you committed rather than giving up.

Get Help Getting Started

If you’re brand new to the gig economy, trying to go at it entirely alone can be overwhelming. Finding products or services to sell, launching a business from scratch, learning how to market yourself, and everything else that goes into creating a business is time-consuming and expensive, not to mention difficult. Mess up just one part of the process, and you could be launching a business that’s destined to fail.

Luckily, there are plenty of sources out there that are eager and ready to help guide you through that process. Amway, for instance, gives you the power to be your own boss, but without the guesswork and risk of finding and sourcing products. Worrying, is Amway a scam or not? Don’t; Amway’s business model empowers individuals to sell quality products directly to customers, earning their profits the proven, traditional way rather than through the questionable tactics of pyramid schemes.

Thriving in the Gig Economy

Experts predict that by 2027, more than half of the American workforce will be freelancers. Get ahead of this trend and enter the gig economy with confidence by learning how to be your own boss, finding a niche you’re passionate about, and getting a little help with your business right from the start can all help you find the success you’re dreaming of.

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