Our Side Hustles Breakdown
Do people often turn to you for insights or guidance? Giving advice can be formalized into a profitable venture. Whether it’s about career choices, relationships, or niche subjects, your wisdom could be someone else’s treasure.
- Credibility Matters: You must establish trust to attract clients.
- Emotional Toll: Advising on sensitive topics may be draining.
- Scope for Negative Feedback: Unsatisfactory advice could result in negative reviews.
- Leverage Expertise: Use your existing knowledge to generate income.
- Personal Satisfaction: Helping others can be rewarding in itself.
- Flexible Scheduling: Offer advice on your own terms and timing.
Do people usually come to you for advice? Are you used to advising your friends and family about their personal problems?
Why not turn it into a side hustle? After all, if you’re good at something, why do it for free? Turn your talent into a lucrative side hustle!
An Overview of Giving Advice: A Primer
With the rising competition in every field, people are more than willing to pay for wisdom and expertise. Whether it’s for business, lifestyle, or personal development, everyone needs some advice.
So, if you’re the one that people always go to for relationship advice or an expert in a specific niche, like engineering or culinary arts, this is your gold mine. Start a side hustle where you’ll be getting paid to give advice.
If you don’t feel confident enough to advise strangers, you could start small by talking to lonely people. There are many apps for chatting that would pay you to just chat with someone and provide a listening ear.
How Much Can Giving Advice Earn You?
The income from giving pieces of advice as a side hustle has a vast spectrum. It depends on the type of advice you’re giving, how you’re doing it, and what platform you’re using. You could earn anywhere from $500 to $100K per month.
Some of the many ways to utilize your talent are professional business consulting, creating an online course, and life coaching — both online and in person.
Each method has its own way of calculating your income. You could get paid by the minute, per hour, or per person in the shape of views or plays. So, in most cases, you get to set your own rate.
How Much Does It Cost to Start a Side Hustle Giving Advice?
The budget required to set your side gig depends on what type of advice you’re giving and how you’ll give it. For example, to give business advice, you must have enough experience in that field to prove your credibility.
That experience could come in the form of a diploma or years of work experience. So, to become eligible for business consultation, you’ll spend money and time to get your degree or certificate.
Getting a degree in the US would cost you anywhere from $3,860 to $39,400. If you decide to start your blog, podcast, or YouTube channel, it won’t cost you more than the equipment for your setup.
Of course, you’ll still need a solid background related to your niche, but that doesn’t always require an expensive degree.
You’ll just need a laptop, a high-quality microphone, and a nice camera if you want to record videos for a YouTube channel. All of which would cost from $1200 to $1800.
Where Can You Find Gigs Giving Advice?
There are plenty of platforms where you’ll find the right audience willing to pay for your sound advice. You could either look for new customers on your own or sign up for a certain company that would help you connect with your target audience.
Where to Independently Find Gigs Giving Advice?
One of the simplest ways to set up your side gig is through Fiverr. When you look up the word “coach,” you’ll find plenty of people offering their advice on topics like dating, fitness, business development, cake decorating, and so much more.
So, whatever skill you plan on utilizing for your freelance side gig, you’ll find someone who needs it on Fiverr.
Another great idea is to set up an online business. This could be a podcast, YouTube channel, website for booking sessions, or any other online presence. It’ll take time at first to reach your audience and get the ball rolling, but it’s 100% worth it in the long run.
You’ll manage to have your own platform, which gives a sense of professionalism and credibility. Also, you’ll have a chance to connect more with your customers, far from any restrictions on third-party websites.
Gig Economy Companies That Offer Gigs Giving Advice
JustAnswer is one of the popular question-answer platforms where members pay monthly subscriptions to have their questions answered by experts. Once you sign up and become a verified expert, JustAnswer will send you questions to answer based on your expertise.
That way, you can make money by helping people and giving them the thoughtful advice they’re looking for. All you need is to provide your ID and social security number and consent to a background check to get verified.
Why You Should Consider Giving Advice as a Side Hustle
There are many reasons why you should consider this gig as a side hustle, including the following:
- Help People: You’ll be able to help so many people overcome their challenges. Your advice will teach them how to deal with certain problems whenever they face them again.
- Increase Your Income: Having a side hustle, no matter what it is, is a great way to diversify your income streams. So why not create a side hustle out of something you’re good at and enjoy doing?
- Grow Your Expertise: dealing with different people helps grow your expertise even more. The more you work with various clients, the better an advisor you’ll become.
Problems with Giving Advice
Although this side gig may seem easy and fail-proof, there are some problems that you might face along the way. These problems include
- Giving the Wrong Advice: It’s easy to jump to conclusions and advise someone without knowing the whole story and ensuring that your advice fits the situation. Giving the wrong advice to someone could end up doing more harm than good.
- Being Prejudiced or Judgemental: Your clients choose to confide in you and show you their vulnerable side. So, under no circumstances should you ever judge your clients or hold any prejudice against them. Otherwise, you won’t be able to help them truly.
- Takes a Toll on You: Sometimes, especially when you’re dealing with people’s personal problems, it takes a toll on you. You must learn how to separate your people’s problems from your own and not allow your side gig to affect your personal life.
Frequently Asked Questions
Is There a Demand for People Who Pay for Advice?
Absolutely. Whether you advise people on their personal or business issues, your clients will happily pay you as long as you’re helping them. So, as long you have a spotless reputation, and people know how good you are, your services will always be in demand.
Is Giving Advice a Sustainable Side Hustle?
Yes. Everybody needs good advice at some point in their lives. No matter your niche, you’ll always find people seeking help in that particular area. However, to make your side gig more inclusive and timeless, try to broaden your niche and not stick to a specific time-limited trend.