Is it really possible to run a profitable side-hustle business without getting stressed?
If you had asked me this question a few years ago, I would have said ‘definitely not’.
The idea of running a business on the side, while engaged in a full time 9–5 job sounds very crazy. But you know what, particularly in this generation, close to 50% of millenials seem to have a side hustle business. I looked at some stats the other day and found that the major reason for most people who started a side-hustle business is to have disposable income. So the whole thing just came back to money.
How can you grow a profitable side-hustle business with the limited time you have?
I have monitored this space for a while. The first obvious problem is that a side hustle business owner is only available evenings and weekends. If you have a 9–5 job, then any customer inquiries or requests that come in during the weekday will just have to wait till evening, unless you’re the type that uses your lunchbreak at work to do business. (not ideal but some do it).
The second issue, resulting from the limited time you have as a side hustler is delayed responses. By the time you are able to pick up customer inquiries later in the day, they probably moved on already. Ouch! Imagine feeling excited a potential customer reached out to you but you were not available to reply that message or respond to their questions on time. This is why anyone who looks after their business full time has their advantage of you. They have the quick response advantage.
The third challenge is that tasks pile up for you and you’re struggling to get them done at night or over the weekend. This is so counter work-life balance! Not only are you eating into your rest and relaxation time, you won’t even get much productivity then, as customers are not in their buying mood at those odd times.
So what is the answer to this question? Can you really really own and operate a side-hustle business and grow it into a profitable one?
I say yes! But, you’re going to need to employ someone or something to do most of the work for you until when you become more available. If you’re a solopreneur or you’re in the early days of your business, hiring someone is not a good option as you may not necessarily have the funds to. But, you can hire a system to help you manage a large part of your business.
How can a system help my side hustle?
For example, if you have an online page where customers can reach out to you and provide their contact details (we call this a landing page), a system can collect the inquiries, acknowledge the customer and set expectations. e.g. Hi, thanks for contacting me, I have noted your inquiry and will definitely get in touch with you later tonight. Can you see how setting expectations can maintain the customer’s interest?
Also, the same online page can double as a booking form where the customer can book an appointment from your calendar to have a meeting with you. This is really good for anyone who has a service-based business. So again, the customer can get locked into an appointment with you and you’re notified to show up for the meeting.
The reason these two points are so crucial is because the first contact with a customer must be taken seriously. Any delays just means that the customer will walk away and may never come back. And this is why a lot of businesses miss opportunities because they are not only available, but they don’t have a system to work for them.
There are many other benefits of using a smart system. The right system can go as far as following-up customers. For example, anyone who signs up or submits an enquiry can be automatically sent a series of email/SMS to tell them more about your services. You don’t need to do these manually. A system can do it for you.
And if you get the customer to a point where they are willing to use your services, the system can also help you create a agreement for the customer to sign, prepare an invoice, and help you get paid on time.
Why wouldn’t you want a system that can help you do all that?
We actually have a solution you can try for FREE
Guess what? We have a tool that does ALL what has just been described. It is one of the latest business tools created specifically for small businesses, and it works perfectly for anyone who wants to grow a business, make more sales but not enough time to cope with managing a business.
This tool is called MyCo and you can easily access it from your mobile phone or laptop without installing anything. All you need is your browser and you can setup your business there.
Do you want to check out MyCo? Visit them on www.mycentreoffice.com , they currently have a deal going on, and you don’t want to miss it.