Educational resources for helping you develop financial skills.
A Q&A about everyday situations and tips related to money.
Pricing your
side hustle.
Money Talks feat. Cordae
Season 1
Side hustles can turn skills into quick cash, but that can be easier said than done. Here are some thought starters that can get you on the path to success.
This content reflects the real-life experiences of individuals. Participants received compensation for sharing their stories. Venmo is not making any recommendations regarding finances. Consider seeking advice from your financial advisor.
Choose your side hustle.
The best side hustle comes from a skill or passion. It helps if it’s one you enjoy, but the focus is finding something that can turn into extra cash.
Think over any hobbies, interests, or talents you have that could grow into a revenue stream. Love thrifting? Keep an eye out for vintage pieces ready for a new life on the second-hand market. Work as a graphic designer? Get paid exploring new creative territory with your own personal projects.
If you have trouble thinking of something, you can try making a list of soft skills or ask someone close to you to describe your strengths.
Start small, invest over time.
It’s ok to take a chance on an idea. Side gigs aren’t always a main source of income, so battle uncertainty by going at your own pace. You can always invest more time and resources as it turns a profit or becomes a passion.
Where do you get started?
Learning more about the space you’re entering can help create a plan, identify opportunities, and more. For example, if you wanted to sell handmade ceramics at a local flea market...
Find your customer.
This will help decide everything from pricing to the products or services you provide, so it’s important to know who you want to reach.
Look at the cost of materials.
Buying in larger quantities, or from another supplier, could mean more money in your pocket.
Size up the competition.
Researching the market itself can help you make a lot of your choices. For example, an expensive booth in a highly competitive space could mean an online store is more effective. Alternatively, high potential demand could turn into a big payday.
Know your worth.
Remember, there’s more than a product or service being valued here. Take your time and experience into account when setting prices to ensure you feel personally valued, and don’t be afraid to raise them as you grow.
Setting goals.
Career steppingstone.
Your side hustle doesn’t have to be the next billion-dollar idea. Remember, it can still turn into something more. Knowing you have bigger plans can allow you to focus on growth, prioritizing what will get you ahead with the time and resources you have available.
Extra cash.
Just in it for another paycheck? Take the time to set up boundaries and plan working hours around not only your main job, but anything else going on in your life. This will help protect you from overworking or investing more than you had planned.
Fuel a passion.
A side hustle can have benefits beyond money. Supporting causes you care about or finding outlets for new hobbies and talents can be more effective when you have, and are able to focus on, work that puts them front and center.
Take your side hustle
to the next level.
A Venmo business profile gives you access to features that can help make running your side hustle even easier. Plus, you can accept new payment methods and manage all your transactions in one app.
Stay organized.
Switch between personal and business transactions with a tap, letting you manage more of your money in one place.
New payment methods.
Accept more of your customers' preferred payment methods including cards, digital wallets, and Venmo.
Keep more of your money.
Sign up is free, and there are no monthly or hidden fees. You only pay a small seller transaction fee when you make a sale.1
1Fees subject to change. Other fees may apply.
Related content
Season 1
Feat. Cordae
Side Hustle Cash Flow
Get to know the various types of expenses, how to track them as sales rise, and tips for calculating your net profit.
Looking for more?
Explore a Q&A with financial experts and more on our YouTube channel. Follow along and you’ll be notified when new content drops.
