So far in this series we have covered what is a side hustle (see here) Why you would start one (see here). Now let’s get onto the types of side hustles, advantages and disadvantages, aka the lowdown.
The different types of side hustles will be explored, one at a time in nice digestible chunks – starting with Consultant.
Future Types to be explored are:
- Creative outlet
- Making Music/Art or Writing
- Passion Niche
Consultant model
This generally applies to cosmetics, candles etc, such as Mary Kay, Nutrimetics, Party Lite, Tupperware. You can also be a wellness advocate for DoTerra oils.
It means you sell the product to other people. To maximise dollars, you try and get other people to become consultants under you. Signing up other consultants under you, means you generally get a cut of what they sell as well.
You can sell the company’s products a number of ways. Party plan (people come to someone’s home, try the product and generally purchase some) is the usual way.
It is a franchise model, but not like maccas (McDonalds)
Advantages
- They provide the product and resources to help you, eg kits
- At a minimum you can get their product at a cheaper price
- You have someone you can speak to help you, the leader in your circle
- Generally, can be done just by yourself, you don’t need a team and can be done part time
Disadvantages
- You will need to recruit people under you to gain the most benefits, which could get awkward
- Your leader may push you to do more than you are comfortable doing, makes sure you are clear on what you will and won’t do
- Margins are small, you buy their product to sell
- You can’t change the resources you use or the product
The next type of side hustle to be explored is Creative Outlet, then Making Music/Art or Writing, and then Passion Niche.
Keen to get started?
If you are ready to start or scale a side hustle and want to unearth some possibilities. Hit me up for a free 15 min convo, regardless of the stage you are at, by emailing me on Christina@incahoots.com.au.
Christina Morgan-Meldrum (CMM) is an author, speaker, curator, podcaster and helps people start and grow side hustles, especially creatives and musicians by unearthing what’s possible and working with you to make it happen.
She has cultivated the ability to walk into any industry, see what is not seen, distil what is complicated, and simplify the chaos. This skill has been forged in a deliberate and concentrated way for over 20 years, through Personal Coaching and working in Organisational Change Management (before it was even a discipline). She is currently working at TAFE on the SMS program as well as exploring many, many side hustles of her own.
Christina fills her time, coaching people on their side hustles, blogging, podcasting - Quirky & Chenille (Christina is Quirky), learning the piano, while working on Change Management gigs. If you are looking for her, she is likely at her spiritual home JB Hi-Fi or exploring stationery stores or artisan markets.