Amy Dickerson, center, is a Detroit-based CEO/career consultant and certified coach at Blue-to-Green Coaching, talks about side gigs and hustles.
After working 9-5, are you off the clock? Most Americans are not.
Nearly 93 percent of Americans are working a side hustle in 2022, according to information from Insuranks, a small-business insurance marketplace. Roughly half of the participants need a side hustle to cover their monthly bills.
During 2020, numerous career paths came online to keep up with the ever-evolving needs that the pandemic brought as nascent entrepreneurs and professionals grabbed and/or created these opportunities.
Bloomberg reported that the pandemic inspired hungry entrepreneurs and employees, many already working from home, to pick up a side hustle or two or three.
Bloomberg also noted that according to the U.S. Census, the number of new business applications is on the rise, too.
Even in this region, 2020, as tough as it was, many dubbed it the year of the entrepreneur – and it still is, especially as Black women represent 42 percent of new women-owned businesses—three times the size of the female population—and 36 percent of all Black-owned businesses, according to a Forbes article. Even those taking on already-created jobs are still shining and navigating amidst economic uncertainties.
Amy Dickerson, a Detroit CEO/career consultant and certified coach at Blue-to-Green Coaching, told the Michigan Chronicle that the gig economy has been around for about 20 years and is described as putting several not full-time jobs together to create one full-time income.
“That is the basis for the gig economy,” Dickerson said, while a side hustle is something done on the side to bring additional income in. “Also, sometimes [we use the side hustle] to give us an outlet for our creativity – for the things we would really like to do.”
According to Time.com there are many side hustles to consider, here are the top 10:
- Rent out your vehicle
Through apps like Turo, HyreCar, and Hagerty DriveShare individuals can list their car for rent in available cities. It’s similar to the concept of an Airbnb but with a vehicle.
“Every time we would travel, we would pick a rental car category and not end up with the car we wanted,” says Daniel Veiga, a business growth strategist, in the article. “We switched to using Turo instead.”
According to the article, the online training and education industry will be valued at $243 billion in 2022, per data reporting company Statista.
“What’s exciting is that you can take skills you already have and coach others,” says Meredyth Mustafa-Julock, CEO at Coach Jennie, in the article. “You can get certified or share your skills and experiences,” she says. “Online coaching can be great if you enjoy solving problems and working with people.” The overhead to run an online coaching side hustle is minimal, and you can charge per hour or per month to create recurring revenue.
Other side hustles include:
- Offer services available in person.
- Create a YouTube channel.
Dickerson told the Michigan Chronicle that while side gigs are growing in popularity, they are also not always promised and if they are here today, they might be gone tomorrow.
“Overall, it’s not promised – they are truly looking for their next gig until they are able to connect to an opportunity that gives them a solid amount of time,” Dickerson said of making money.
However, the pandemic has turned the tide on these side gigs – creating a more inclusive and lucrative economy with even more opportunities.
“I think what the pandemic did was highlight for people who thought they couldn’t make it with just gigs; it highlights to them you can — you have to be very strategic and you have to realize … that you are operating your own personal business,” she said, adding that they are their own CEO. “I think the pandemic allowed them to see yes they can make it and the pandemic … just really encouraged a lot of people to step out and find ways to do what they always wanted to do.”