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Are seasonal small businesses good side hustles?
27 Sept 2024, 10:22 pm GMT+1
Everyone these days has a side hustle. A lot of people’s side hustles aren’t small businesses, but that doesn’t mean yours can’t be. A small business can be whatever you want to be, as seen in the information linked here. Sometimes, thinking outside the box can lead to a rewarding side hustle that could be extremely profitable.
Types of seasonal small business
So, now you’re hooked, what are some seasonal side hustles? A few ideas are holiday decorating, snow removal, lawn care, spring cleaning, and pool maintenance. There are literally hundreds, if not thousands, of seasonal small businesses you can start.
You need to ask yourself what the weather is like where you live. You might live in a place that’s hot all year round, but there are specific weather conditions that open up doors of opportunity for you. Also, pay close attention to holidays, because people are willing to spend a lot of money during these times.
Try to find side hustles you can do yourself
Some side hustles would require you to hire people, and that’s a real pain for seasonal work. Finding someone who knows their way around a lawn mower for just a few months out of the year is kind of hard. You’ll get a lot of lazy people responding to your help-wanted ads, and that will cause you all kinds of despair.
You want to be a one-person show, so do things that only one person can do. If you need to outsource some of the tasks, that’s okay, but make sure that you’re outsourcing to a trusted business that will be here tomorrow. You’ll need to work with people that you can rely on to offer their services, no matter if you have one customer or ten customers.
Another thing to consider is taxes. Having to go through all the red tape to hire people and do the tax stuff for them is a headache you don’t want. None of this is mentioning the extras you have to fork out for government pensions and all that stuff.
Don’t forget that you need to be profitable
Here’s something that people often lose sight of when you’re doing seasonal side hustles, and that’s the fact you need to be profitable. You need to make money and enough of it to make all of this worth your while. You can easily find yourself working for peanuts if you’re not careful.
Make sure that you always write down your expenses for each customer and calculate your exact profits. You don’t want to estimate because, as you’ll find out, your estimates are usually off. Instead, make sure that you know down to the cent how much you’re spending and the profit for every job.
If there is one thing that small business owners tend to forget, it’s that they need to pay themselves. You’re so happy that you finally make money doing something you enjoy that the fact you need to earn something for your efforts gets lost in the wind. You can’t just breakeven; you need to be putting cash in your pocket, or otherwise, it was all a waste of time.
Advertising your side hustle is a must
How will people know about your small business? They won’t if you don’t advertise. You can advertise online for free on Facebook or whatever people in your area hang out. Places such as grocery stores and laundromats often have bulletin boards where you can post things for free. If you go that route, ask whoever is in charge how often you can post on their board, and make sure you follow the rest of the rules.
Paid advertising can work, but you’ll need a budget for that. If you don’t have a budget, it probably doesn’t make sense for you to buy advertising. The worst thing that you can do is buy ads and find out later that you’re in the hole. Advertising, especially online, can be super expensive and can eat away at your profits fast.
Seasonal small businesses can be a side hustle
Yes, they can be. You just need to make sure that you factor in all of your expenses and find a way to drive customers to your business. A seasonal side hustle is great because after it’s over, you can enjoy your rewards while taking it easy.
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