Building a Life in a Bite-Sized Economy – By Priest Willis, Sr.

by Jenae Reid on December 28, 2016

I recently interviewed author and TED speaker Damon Brown for my podcast. It was from him that I first heard the terms “bite-sized economy” and “bite-sized entrepreneur.”

Brown explained them as a belief among entrepreneurs that they must sacrifice everything to succeed. Truth is, you can incorporate side hustles without sacrificing your livelihood. I’ve worked for over 20 years, and during that time, I’ve created different streams of income. I initially started in a desperate attempt to support my family. I now understand that building real wealth must go beyond the 9-to-5.

The economy is becoming more unpredictable, and people are turning to side hustles to control their futures and fortunes. I read somewhere that a typical millionaire has around seven sources of income. From this, many outside-the-box approaches have sprouted, including the sharing economy (think Uber, Airbnb). The internet has seriously leveled the playground for financial redemption.

Are you ready to hustle? Here are a few side hustles you can jump into today:

  • Amazon FBA or eBay. Amazon is a huge marketplace, and eBay is still among the top cash-making sites. You can sell a widget, or purchase from wholesalers and resell for passive income or “horizontal money.”
  • Can you, as some say, “burn”? Use your culinary skills and cook up some earnings by selling specialty foods. Plenty of people can’t bake and would gladly pay someone for baked goods, especially during the holidays.
  • Can you write, design, or do magical things in Excel or PowerPoint? Offer your services on sites such as Upwork and Fiverr.

Hacking your full-time job

Starting something new can be frightening, but not trying could be your biggest mistake. And you don’t need to quit your full-time job to start side hustling – you can hack it. “Hacking” your job doesn’t mean slacking off – your company still deserves the best from you. But you can optimize your time during the work week. You can wake up earlier, work through lunch on projects, burn the midnight oil, and build a team along the way to support your efforts.

Other tips for hacking your job to squeeze in a side hustle:

  • Start gradually. Don’t rush to dedicate all your free time to a side hustle.
  • Conserve cash immediately. This money will help establish your side hustle.
  • Keep your job and side hustle separate.
  • Make a schedule. Some people might have more time than others, but it’s there.

It can be difficult to find a side hustle that fits your life if you don’t already have one in mind. Two ways to stay motivated during your search:

  • Create daily action targets. Specific tasks, done regularly, will yield results. Set goals and track your progress daily.
  • Maintain personal office hours. Whether you’re employed or unemployed, set time to work on your side-hustle search.

Remember, if you want something, you must work for it. Get motivated and go after it!

Priest Willis, Sr. is a Bite Sized Entrepreneur and Global Affiliate Marketing Manager

This article appeared in issue 37 of FeedFront Magazine, which was published in January 2017.

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