Side hustles are an excellent way to make extra money by serving as a second source of income. It’s all about giving you an opportunity to create multiple sources of revenue to ensure your financial freedom, but also to give you job security. If you were to ever lose a job or receive reduced income for one reason or another, then you’ll be safer knowing that you have more sources of income to rely on and keep you afloat.
However, even side hustles need to be nurtured and great care has to be taken in order to grow them. In this article, we’ll be talking about three different ways how your side hustle can be transformed by utilizing cloud-based services.
Cloud-based services come with many advantages and it’s important to consider all of the possibilities.
1. Using the cloud allows you the ability to work remotely.
Working remotely gives you a lot of flexibility and helps you get things done no matter where you are. Imagine being able to carry around a single laptop that has all of your work documents and gives you the ability to get things done no matter where you are. Some people might think it’s risky to have everything on a single device, but when you consider that cloud services are always hosted on remote servers and can be accessed virtually anywhere, even losing that laptop doesn’t mean your business goes down (assuming you approach it correctly).
Make sure you seek assistance from services offering managed cloud solutions to help you correctly plan for flexible working. With the right workflow optimization, you could potentially work from even a smartphone in the comfort of your bed.
2. Using the cloud can save you money.
One of the obvious advantages of using the cloud is to save money. People often don’t realize how expensive (or necessary) it is to hire an accountant or a web designer. Thankfully, accounting can easily be done with cloud-based accounting solutions and web design is simple with visual editors and templates that are accessible from cloud-based solutions.
Keep in mind that cloud accounting isn’t a full replacement for hiring an accountant and you’ll eventually want to hire a human web designer, but for side-hustle purposes, relying on cloud services is far cheaper and gets the job done without an issue.
3. Using the cloud can protect your side business.
One of the biggest problems for side hustles is the fear of losing all of your data or having your entire business collapse because a computer broke or your accounts were hacked. The great thing about cloud-based solutions is that they’re often protected with incredibly expensive and sophisticated security software that you don’t normally have access to. This ensures the safety of your backed up files and gives you more protection than you could ask for.
Side hustles are fragile in nature and it’s important to get the right security to help you combat against hackers and other threats. Make sure you focus on protecting your business with the help of cloud software so that the threat disappears.
4. Using the cloud gives you the ability to work with others remotely.
Many side hustles afford you the freedom to work from home making extra money. As you grow, the team you use to support your side business can work from anywhere when you use the cloud to keep in touch. Applications like Google Drive and Slack make document sharing and messaging easy; plus, they have smartphone apps, so you can manage some of your side hustle work from your phone.
Using the cloud also makes it easy to serve clients if you sell services to make money. Project management applications like Basecamp and Trello can help ensure that your team and your clients are on the same page.