Plan to Boost My Side Hustle Income to $2,000 This Year
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Chapter 1: My Journey Towards Financial Freedom
Achieving a substantial side income has always been a personal aspiration of mine. Over the past eight months, I’ve generated more online revenue than I ever imagined possible. However, I’m not finished yet! Let’s delve into my current side hustles.
Currently, I manage four side hustles, with two of them being more substantial than the other two:
- Writing on Medium
- Managing My Blog
- Running My Etsy Shop
- Affiliate Marketing
Most readers are likely familiar with Medium and how to monetize content there, so I won’t go into detail. Medium has been a significant catalyst in my side hustle journey. I started with just $19 in my first month, climbed to $220 in my second month, and reached nearly $2,000 by my third month. It was quite a leap from starting out with nothing. Unfortunately, the momentum eventually slowed; my views decreased, engagement dropped, and my income settled around $200 a month. Nonetheless, that’s still a considerable amount, and I’m optimistic about revitalizing my Medium efforts soon.
Chapter 2: Expanding My Online Presence
After my success on Medium, I decided to launch my blog, The Wealth Blog. Over the past three months, I’ve been experimenting with WordPress and crafting SEO-friendly content. This effort has finally paid off, as I’ve managed to monetize my blog with advertisements.
Although the ad revenue is modest—around $20—seeing my site attract more visitors motivates me to continue. The journey is still ongoing.
My Etsy Shop began as an experiment that I initially lost interest in. I created a product in September 2022, listed it, and promptly forgot about it. However, in January, I decided to take it more seriously, developed several new products, and surprisingly made some sales.
Affiliate Marketing
Although I’ve never been a huge fan of affiliate marketing due to concerns about trustworthiness, I decided to give it a shot. I focused on promoting only products that I genuinely use and believe in. So far, I’ve generated income from just one product, which I’ve extensively documented and shared results from, appealing to those seeking honest insights.
Chapter 3: Roadmap for Increased Income
Looking ahead to 2023, my goal is to establish a steady monthly side income of $2,000. Here’s a breakdown of my plans for each of my four side hustles:
Writing on Medium
- Goal: $500 a month
- Deadline: June 2023
To enhance my Medium earnings, I need to consistently write, engage more with the community, and invest additional time and resources. Recently, I received valuable insights from ChatGPT to help boost my visibility on the platform.
I intend to experiment with these strategies and identify which ones yield the best results. My targets include:
- Publishing at least 10 articles monthly
- Engaging daily with fellow writers
- Adding value to my articles
- Leveraging social media and my email list for traffic
Selling on Etsy
- Goal: $1,000 a month & 1,000+ sales
- Deadline: December 2023
To reach my Etsy goals, I plan to:
- Improve keyword and product research
- Create compelling product images
- List at least 50 new items
- Send out freebies via my email list
- Gather testimonials to boost sales
Additionally, I’ve set up a Pinterest account to explore traffic generation through that platform.
My Blog
- Goal: $250 a month & 100 daily visitors
- Deadline: December 2023
Although my posting frequency has dipped recently, I’ve still maintained decent traffic. Moving forward, I need to increase my blog output and devote more time to SEO and marketing efforts.
My tasks include:
- Publishing 7 long and 3 short articles each month
- Building backlinks to enhance my domain authority
- Promoting my articles via social media and email
- Reducing website latency
- Engaging in blogging communities on Facebook
- Writing SEO-optimized content featuring affiliate links
Affiliate Marketing
- Goal: $250 a month
- Deadline: August 2023
I generated $100 in February with minimal promotion for one product. I have several articles documenting my results, and I plan to share these more widely in 2023.
Chapter 4: Final Thoughts
While nothing in life is guaranteed, I believe my outlined strategies will set me on the right path. If you're looking to kickstart your side hustle, remember to monitor your progress. Sometimes, we overlook how far we've come, and tracking helps recognize our achievements. For inspiration, feel free to check out my Medium account, filled with ideas on side hustles, passive income, and business strategies.