RESUME APPLICATION PAY PREMIUM
Fund Performance

Fund Performance

Knowledge Center

Knowledge Center

About Us

About Us

Tools and Calculators

Tools & Calculators

Quick links

Mobile (Download app)
  • Webpages
  • Documents
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment
  • HDFC Life ClassicAssure PlusInvestment

For NRI Customers

(To Buy a Policy)

(If you're our existing customer)

For Online Policy Purchase

(New and Ongoing Applications)

Branch Locator

For Existing Customers

(Issued Policy)

Fund Performance Check

RESUME APPLICATION PAY PREMIUM

What do you want to do?

Quick links

Mobile (Download app)

Download HDFC Life App

Buy plans, track your policy, make renewal payments & monitor fund performance with HDFC Life App, Download Now!

Apple Logo Go to Google Play Store

4 Things to Keep in Mind Before Starting a Side Gig

down-arrow
4 Things to Keep in Mind Before Starting a Side Gig
November 11, 2022

Side hustles or side gigs aren’t new for Indian women. Women from previous generations would take tuitions, stitch clothes or sell delicious snacks apart from holding their full-time jobs. Today, women pursuing modern careers are also exploring suitable side gigs. These not only help to augment their income but, in some cases, may scale up into something bigger. For example, a graphic designer could take up projects from foreign clients and work on them during weekends or later in the night. Since the earnings could be in a currency that is stronger than the Indian rupee, the benefits could be immense.

However, women could keep the following things in mind before starting a side gig:

  1. Save up

    Certain types of side gigs may require an initial investment. For example, if you wish to be a game designer, you would require a laptop with certain specifications and software applications. If you wish to prepare snacks, you may want to lease out a small space, purchase ingredients and also hire a helper. Therefore, while planning for your side gig figure out the amount of money you would need. You can either take a loan or explore a saving plan such as HDFC Life Sanchay Fixed Maturity Plan that provides life cover along with the guaranteed benefits.

  2. Figure out what you are good at

    Before starting your side hustle, it is imperative to figure out what you are good at. If you can whip up scrumptious snacks, then you may want to become a home chef. If you are a skilled designer, you would want to become a freelance designer. Apart from your skills, you would also have to perform some basic cost benefit analysis. You may want to get started with an activity which doesn’t require extensive investment of time or money.

  3. Establish credibility

    While pitching to prospects, you would have to establish your credibility so that you can be trusted. This is possible by creating a website or a presentation (a credential deck) that can showcase your work and also list names of some of the brands you have worked with. By doing this, you would also enhance your professional reputation apart from establishing credibility.  While starting, you may find it difficult to create a credential deck as you may not have clients. But you can include your work samples in the deck. You can also take up projects for small startups or NGOs who may not be able to afford you but can refer you to others. You can include the names of these organizations in your deck.

  4. Market Research

    A few weeks or months before starting off, you may wish to speak with individuals who comprise your target audience to understand whether there is a market fit for your offerings. You could conduct a survey that helps you understand their needs, their budget and any other information that could be useful. You may also end up getting a few clients from this activity. Despite doing all these activities, it is possible that the first few months might be tough. However, if you truly believe in your venture, you would want to keep going as it would be a matter of time before your side gig scales up provided that you keep your customers happy.

ARN : ED/10/22/29839

Term Plan Articles Term Plan Articles

Investment Articles Investment Articles

Savings Articles Savings Articles

Life Insurance Articles Life Insurance Articles

Tax Articles Tax Articles

Retirement Articles Retirement Articles

ULIP Articles ULIP Articles

Health Plans Articles Health Plans Articles

Child Plans Articles Child Plans Articles

Popular Calculators Popular Calculators

Francis Rodrigues Francis Rodrigues

Francis Rodrigues has a decade long experience in the insurance sector, and as SVP, E-Commerce and Digital Marketing, HDFC Life, manages the online sales channel, as well as digital and performance marketing. He has had hands-on experience in setting up sales channels and functional teams from scratch over a career spanning 2 decades.

LinkedIn profile
Author Profile Written By:
Vishal Subharwal Vishal Subharwal

Vishal Subharwal heads the Strategy, Marketing, E-Commerce, Digital Business & Sustainability initiatives at HDFC Life. He is responsible for crafting and ensuring successful implementation of the overall organisation strategy.

LinkedIn profile
Reviewed By Reviewed By:

Here's all you should know about life insurance.

We help you to make informed insurance decisions for a lifetime.

Is Your Financial Report Card A+ or F? Here’s How to Grade Your Financial Health

Is Your Financial Report Card A+ or F? Here’s How to Grade Your Financial Health

Evaluate your financial health with a comprehensive financial report card. Explore key metrics beyond credit scores to improve your finances and achieve your goals.

Who Should Know Your Financial Secrets? Here’s Why It Matters!

How Rising Interest Rates Impact Your Investments—and What You Should Do About It

Preserving Your Investment: How New Tax Rules Affect Real Estate Sales Before 2024

Discover how new tax rules affect real estate sales before 2024, impacting capital gains, deductions, and property transactions. Stay informed for smarter decisions.

Preserving Your Investment: How New Tax Rules Affect Real Estate Sales Before 2024
Hustling to grow your side gig? Here are 4 Useful Tips Previous
Starting a venture post retirement? Here are 4 tips to manage your finances Next
HDFC life
HDFC life

HDFC Life

Reviewed by Life Insurance Experts

HDFC LIFE IS A TRUSTED LIFE INSURANCE PARTNER

We at HDFC Life are committed to offer innovative products and services that enable individuals live a ‘Life of Pride’. For over two decades we have been providing life insurance plans - protection, pension, savings, investment, annuity and health.

Disclaimer

HDFC Life Sanchay Fixed Maturity Plan (UIN:101N142V02) is a Non-Linked, Non-Participating, Individual, Savings, Life Insurance Plan. Life Insurance Coverage is available in this product. For more details on risk factors, associated terms and conditions and exclusions, please read sales brochure carefully before concluding a sale.

Popular Search

Popular Searches