SaaS Startup Idea: Building an App for Side Hustles

A side hustle is a paid job or entrepreneurial activity to make some extra money, and an increasing number of people are looking for ways to do that. On Google, the search term “side hustle” is an exploding topic. In the United States alone, there are 74,000 searches per month for the keyword side hustle and within the last 5 years, search volume grew by 473%. So, demand for side hustles is huge, and building a mobile app, that helps people to find a side hustle, could be a promising business idea. Let´s find out, how you could start such a SaaS business. First, we´ll have a deeper look into the side hustle market, and then, I´ll show you some great opportunities, how you can build your side hustle app with powerful templates.

What jobs are the most popular side hustles?

With the rise of the gig economy, more and more people are supplementing their income with side hustles. While there are a wide variety of opportunities available, some jobs are more popular than others. One of the most common side hustles is ride-sharing. With companies like Uber and Lyft, anyone with a car can become a driver. Another popular option is tutoring. Those with expertise in a particular subject can sign up with a tutoring company or advertise their services online. There is also a growing demand for food delivery services. With apps like DoorDash and Grubhub, people can earn money by delivering meals to customers. Finally, many people are also finding success with online sold products such as clothes, crafts, and home decor.

Who seeks a side hustle?

Whether you’re looking to make some extra cash, gain new skills, or simply follow your passion, a side hustle can be a great way to supplement your income. But who exactly is interested in pursuing a side hustle? According to a recent survey, the majority of side hustlers are Millenials. In fact, nearly 60% of respondents said that they started their side hustle in order to make ends meet. However, Millenials are not the only ones with an entrepreneurial spirit. Gen Xers and Baby Boomers are also increasingly likely to start a side hustle, with nearly 30% of respondents saying that they pursued a side hustle in order to pursue a passion. Whether you’re young or old, there’s no limit to who can benefit from a side hustle.

What are the benefits of starting a side hustle?

There are many benefits of starting a side hustle. Perhaps the most obvious benefit is that it can provide some extra income. But beyond that, a side hustle can also give you the opportunity to gain new skills and experience. And, if you’re pursuing a side hustle that you’re passionate about, it can also be a great way to find fulfillment outside of your day job. Finally, a side hustle can also be a great way to network and meet new people. Whether you’re looking to make some extra money or simply follow your passion, a side hustle can be a great option.

What are the challenges of starting a side hustle?

Of course, starting a side hustle is not without its challenges. One of the biggest challenges is finding the time to pursue your side hustle while also maintaining your regular job. This can be especially difficult if you’re already working long hours. Another challenge is making sure that your side hustle does not conflict with your regular job. For example, you wouldn’t want to start a competing business with the one you already work for. So, it can also be difficult to find the right side hustle. With so many options available, it can be tough to know where to start.

Finally, side hustle seekers often lack focus. They may have a great idea for a business, but they don´t put all of their efforts into making it successful. Instead, they try to do too many things at once and end up spreading themselves too thin. This can lead to burnout and frustration, and ultimately, the side hustle may not be successful. It´s important to remember that a side hustle should complement, not replace, your primary income. Don´t quit your day job until your side hustle is generating enough money to support you. And even then, be prepared for some bumps in the road. Focus and commitment are essential for any business to succeed, so make sure you´re up for the challenge before you take the leap.

How do you start a side hustle?

If you’re interested in starting a side hustle, there are a few things you should keep in mind. First, you’ll need to find the time to pursue your side hustle while also maintaining your regular job. This may mean working long hours or pursuing your side hustle on the weekends. Second, you’ll need to make sure that your side hustle does not conflict with your regular job. For example, you wouldn’t want to start a competing business with the one you already work for. Finally, you’ll need to find the right side hustle. With so many options available, it can be tough to know where to start. But by keeping these things in mind, you’ll be well on your way to starting a successful side hustle. The rise of the gig economy has made it easier than ever to start a side hustle.

How much can people earn with a side hustle?

The amount of money you can earn with a side hustle depends on a number of factors, including the type of side hustle you pursue and the amount of time you’re willing to dedicate to it. For example, if one writes blog articles as a side hustle, they can make anywhere from $50 to $500 per article. If you’re looking to earn a full-time income from your side hustle, it’s important to be realistic about the amount of time you can dedicate to it. There are several side hustles that enable you to earn an extra $ 1,000 to $ 2,000 a month. For example, proofreading, virtual assistant, food delivery, hosting with Airbnb, car sharing, or freelancing. [dollarflow]

Why do people want to earn extra income?

There are a number of reasons why people want to earn extra income. Perhaps the most obvious reason is that it can help to make ends meet. Many people want to make some extra money to pay down debt, save money and invest. But beyond that, earning extra income can also give you the opportunity to gain new skills and experience. And, if you’re pursuing a side hustle that you’re passionate about, it can also be a great way to find fulfillment outside of your day job. Finally, a side hustle can also be a great way to network and meet new people. Whether you’re looking to make some extra money or simply follow your passion, a side hustle can be a great option.

How many people are searching for a side hustle?

34% of Americans already have a side hustle, and in 2021, more than 61 million Americans intend to start one. This tendency is estimated to grow further, so there is a massive demand for an app, that provides freelance jobs, gigs, and other kinds of side hustles. [smarts]

Which problems do side hustle employers have?

Side hustle employers often face a number of challenges. First and foremost, they may have difficulty finding reliable and competent employees. With the traditional 9-5 workday increasingly a thing of the past, many workers are looking for more flexible arrangements that fit their lifestyle. This can make it difficult for employers to find staff who are available and willing to work the hours that they need. In addition, side hustle employers may also struggle with managing their time and resources. With a traditional workforce, employers can typically rely on full-time employees to be available during business hours. However, side hustle employees may only be available for a few hours each week, making it difficult to get tasks completed in a timely manner. Finally, side hustle employers may also have difficulty building a rapport with their employees. In the traditional work setting, employers and employees typically have more opportunities to get to know one another.

What´s the competition?

Examples of job platforms are freelancer.com with 31 million users, Upwork.com with 17 million users, and Fiverr.com with 7 million users. These three top platforms together represent an estimated revenue of $ 1.2 billion. That’s a lot, but the total market for freelancing jobs is about $ 42.9 trillion. This means, that more than 99.99% of the total market for freelancing and side hustles is free and unconquered, and there is lots of space for any kind of platform that provides side hustles, freelance jobs, and gigs.

How could you monetize a side hustle app?

There are a number of ways to monetize a side hustle app. One option is to charge employers a fee to post their job listing on the app. Another option is to take a percentage of the payment that is made to employees for completing tasks or gigs. Finally, you could also charge a monthly or annual subscription fee for access to the app.

How could you promote your side hustle app?

One option to promote your side hustle app is to create a website for the app and use search engine optimization (SEO) to drive traffic to the site. Another option is to utilize social media platforms, such as Facebook, Twitter, and Instagram, to generate interest in the app. Finally, you could also use paid advertising, such as Google AdWords or Facebook Ads, to attract users to the app.

Build your MVP using a Software Template

The best way to get started with your side hustle app is to use a software template. A software template is a pre-built piece of software that you can use to create your own custom app. Using a software template will save you time and money, as you won’t need to hire a developer to build the app from scratch. Additionally, a software template will already include most or all of the features and functionality that you need to get started.

Uplance is a software template developed by Zeroqode and based on the no-code system bubble.io. This no-code system makes developing software similar to creating a document in Microsoft Word or Excel. You can create a whole app by drag-and-drop. This template does most of the heavy lifting. So, you can focus on your concept and all the important details. You can do this by yourself, or you can hire an agency like Zeroqode to do this for you. Hiring a no-code developer will also save you a ton of money compared to complex coding. By starting with such a template, you could create your MVP, a minimum viable product, in no time.

Build a Financial Model for your SaaS business

If you plan to start a SaaS business, you should also build a financial model. A SaaS business financial model is a spreadsheet that projects your company’s future performance. The model includes information such as your monthly recurring revenue, churn rate, customer acquisition costs, and more. This will help you to deeply understand your business, to raise capital, and more. I created a tailor-made template for the specific case of job platforms. You can easily emulate Upwork´s fee model and adapt it to your own ideas.

Conclusion

A mobile app for side hustles is a great idea for starting a SaaS business. There are a number of ways to monetize a side hustle app; for example a percentage of the payment for the jobs or a monthly subscription fee. To minimize development costs and risks, you should start building an MVP by using a software template – i.e. the Zeroqode template Uplance. To raise capital and convince partners, you should also create a solid financial model like my template for freelancing.

Sources:

• Exploding topics
• Dollarflow
• Smarts
• Software Template Uplance
• Financial Model Template