In recent years, there has been a surge in the number of people in Canada with side hustles. But what exactly is a side hustle? And why have they become so popular?
Let’s take a closer look.
A side hustle is typically defined as a way to make money outside of your primary job. In recent years, side hustles have become increasingly popular in Canada as more and more people look for flexible work schedules or ways to supplement their income to smooth out their financial situation.
There are a number of reasons why side hustles have become so popular, but the main reasons are likely the current state of the economy and the rise of the gig economy. And finally, many people simply enjoy the challenge of working on something outside of their 9-5 job, or in their retirement.
The current state of the economy is such that many people are struggling to make ends meet.
The cost of living is rising while wages remain stagnant, and this has put a lot of financial pressure on families across the country.
As a result, people are looking for ways to bring in extra money, and a side hustle is often seen as an ideal solution.
According to a recent study conducted by RBC Small Business, 74 per cent of Canadian small business owners and aspiring entrepreneurs are motivated to start a small business or side-hustle, due to the increasing cost of living. [Sept 2022]
In addition to the current state of the economy, another factor that has contributed to the popularity of side hustles is the rise of the gig economy.
The gig economy is made up of short-term contracts or freelance work as opposed to traditional full-time employment.
This type of work has become increasingly popular in recent years, and it’s easy to see why. Gig work gives people the flexibility to work when they want, where they want, and for whom they want.
This flexibility is appealing to a lot of people, especially those with families or other commitments that make full-time employment difficult.
“In particular, many Canadians are motivated to start micro-businesses – very small-scale businesses or side hustles – to nimbly meet emerging consumer needs in a rapidly evolving marketplace, and to take control of their financial future in these uncertain times.” says Don Ludlow, Vice-President of Small Business, Partnerships & Strategy, RBC.
There are both pros and cons to having a side hustle.
On the plus side, side hustles can give you the opportunity to earn extra money and potentially even replace your primary income if successful.
They can also be a great way to test out a new business idea without quitting your day job.
And finally, they can simply be enjoyable and rewarding in their own right.
However, there are also some potential downsides to consider.
First, side hustles especially during start-up, can take up a lot of time and energy, which can lead to burnout if not managed properly.
Second, they can put a strain on personal relationships if you’re not careful. And finally, there’s always the risk that your side hustle will fail and you’ll end up losing money instead of making it.
Since retiring from my corporate career in 2014 (sales, marketing, business development) I have been educating myself about all types of online side hustles Canada to earn extra money in my retirement. From selling products online, to selling on Amazon, to writing books, to selling other peoples products online, and I’ve spent a lot of money on advertising, Facebook, Google, Microsoft for various products and services. I can tell you first-hand ‘a side hustle’ can be an expensive education. On the positive side, it has been ‘an education‘.
Maybe you need to make all of the trials and error moves yourself … or maybe you have just landed on a short cut – a system that will save you tens of thousands in trial and error attempts.
Side hustles in Canada are often started for more reasons than making more money. A side hustle can be to promote a good cause, or to pursue a passion. You can have your own business as an independent contractor, or join the world of online tutors, freelancers or virtual assistants.
But why do all of your good work to benefit someone else? Why not start something that will benefit you in the long run?
But, what if you could find the perfect side hustle, without working for someone else (as in clients)?
What if you didn’t have to explore all of the possible side hustles in Canada hoping to land on the right one?
What if you were presented with one small business opportunity, and all you had to do was follow a proven path, the same way someone who is the pioneer in this industry has mastered, to earn money and enjoy your side hustle as a challenge and for fun, right from your own home.
Side hustles should be fun, right?!
One of the greatest challenges I’ve heard from other folks considering an online side hustle in Canada is knowing who to trust and where to start. There are so many scams, shams and fakes out there in the online world. This is true.
There are also a lot of good people out there, making an awesome living doing what they do best and they are willing to charge you big bucks to teach you to do what they do … but they are simply not a good fit for you. Believe me, I’ve come across a few of these, at great expense, as well.
Here is how I can save you a lot of money! Without jumping from course to course, or online opportunity to next shiny online opportunity. I’m here to tell you about the ultimate coach, mentor and side hustle. For real.
This year I met an awesome dad, baseball coach, and online mentor who has masterfully conquered the ultimate side hustle. He is one of the side hustle legends, a pioneer of a humbling side hustle that has been providing him and his family a major source of (now full-time) income for years. With zero risk!
And, the best part is he is willing to share what he does with you:
Online Tuesday, October 25, 2022.
You get to spend half a day hanging out with the pioneer who discovered this side hustle. Plus, if you stay until the end, you’ll be in the running for prizes worth thousands of dollars, like iPads and Amazon gift cards!
Best of all, he has built a certification program for you to become a Brand Ambassador and get paid for talking (writing) about brands you love, just like celebrities do all the time! Register for his LIVE PROFIT SUMMIT (free)!
With full transparency, I can tell you I have taken Chris’s certification program myself and he is an absolutely amazing, super generous coach and mentor. In my eight years of learning online, I’ve never come across a mentor, coach, teacher like Chris. He is humble, super knowledgeable, a dad, father, baseball coach and his family REALLY matters to him.
And yes, if you attend his free Live Profit Summit and decide to join us in the certification program, I will receive compensation for connecting the two of you. But, honestly, my greatest reward is helping people in a big way and in the end this could SAVE YOU $$ by not getting caught up in scam-type programs that don’t deliver. I can guarantee Chris delivers!
See If You Would Like to Learn From A Guy Like Chris
To me this is the ultimate side hustle.
It’s all legit and even fun to do!
If you are an introvert (I think I’m becoming more of one all the time!) it’s the perfect side hustle. You don’t have to find clients. No more trial and error, or costly mistakes, Chris is the real deal, he will provide you with a proven path to becoming a brand ambassador (promoting products you love), and get paid for doing it just like celebrities, without having to be the ‘face’ of the business unless you want to be.
Side hustles in Canada don’t get any better than this if you are interested in making money online, earning some extra cash, and maybe someday hiring a virtual assistant to do all the work for you.
You can run this business from your own home, apartment, condo, spare room or cafe down the street … this is the ultimate side hustle. No need for extra space.
These are only a few things. There is way too much for me to share all of the details with you here. And best for you to meet Chris yourself – to learn from the best, and decide for yourself.
I’m in! I’ve taken the brand ambassador certification first-hand.
What Chris offers is much more than an online course. It’s a true business model, a lifestyle and a way to earn passive income for years to come.
This is a long-term side hustle for me that will provide rewards to both me and my family for years to come.
Chris’s favourite saying is, “It’s as simple as planting seeds, and watching your profits grow.”
You can make it happen too! Join Chris here for his FREE LIVE PROFIT SUMMIT to learn more.
You’ve got nothing to lose –
this is a FREE LIVE PROFIT SUMMIT –
on Thursday, October 25, 2022.
[Register and mark your calendar]
And, if you register, and you can’t make the live summit, he will send you the recording for you to watch on your own time (at 2x speed if you like) 🙂
Tuesday October 25th, 2022
(and will run for 4-5 hours!).
How the first generation of post-lockdown lifestyle entrepreneurs have built 6 and 7 figure incomes while having MORE freedom and family time than ever before.
Side hustles are becoming increasingly popular in Canada as more and more people look for ways to make extra money in their free time or off hours. While there are some potential downsides to consider, such as burnout and financial risk, there are also many potential and very rewarding benefits, such as earning extra income or pursuing a passion project.
If you’re thinking about starting a side hustle, please do your research and be sure to manage your time and energy wisely—you just might find yourself on the path to success!
Would love to see you become your own boss and succeed as a Brand Ambassador to earn passive income and pad your bank account! No experience necessary, (sometimes I think with less experience you benefit by being a better student).
If you are looking for a ‘side hustle’ that will grow and flourish to help your family for you long term.
Join a pioneer in the industry for:
The Profit Summit | 11AM ET on Tuesday October 25th, 2022 (it will run for 4-5 hours.)
Inside Scoop: If you can’t make the summit live, register anyway, Chris will send you the replay!
The Topic: How the first generation of post-lockdown lifestyle entrepreneurs have built 6 and 7 figure incomes while having MORE freedom and family time than ever before.
PS – Ask me about my profitable blog, email me at email@example.com
(better yet, follow us by subscribing to our email newsletter so you never miss a new review!)
Be prepared for a paradigm shift. The information in this cheatsheet will provide you with information and clarity of what is required for success in almost every area of your life. You will be able to use this simple formula to identify what’s missing when reviewing problems, or issues going forward … the missing ingredient once resolved, will allow you to catapult forward with great success.