Risk: Moderate

1 – Extremely Risky High chance of losing money/time Public speaking as a side hustle can be quite risky for someone starting from scratch, especially if they can't afford to lose money. Here's why: 1. Money: Beginners might invest in courses, workshops, or coaching to improve their skills, which can be costly. Additionally, marketing expenses to build a personal brand or website can add up. 2. Time and Energy: Developing public speaking skills and building a reputation takes significant time and effort. It can be challenging to secure speaking engagements without a proven track record. 3. Confidence: Rejection and initial failures can impact confidence, especially if one is not naturally inclined towards public speaking. 4. Startup Costs: Costs such as professional attire, travel expenses for speaking engagements, and promotional materials might not pay off if engagements are not secured. 5. Online Feedback: Many beginners report struggling to find paid opportunities and often end up speaking for free initially, which can be discouraging and financially unviable. I’d rate the risk a 2 out of 5 because there is a significant chance of losing money and time, especially if one invests in training and marketing without securing paid engagements. Many beginners find it challenging to monetize their skills quickly, leading to potential financial and confidence losses.