Risk: Moderate

I’d rate the risk a 2 out of 5 because starting a side hustle as a study participant can involve several risks. While the financial investment is typically low, the potential losses are more related to time, energy, and confidence. Participants may spend significant time applying for studies, attending sessions, and completing tasks without guaranteed compensation if they don't qualify or if the study is canceled. Additionally, there can be physical or emotional risks depending on the nature of the study. Many beginners may find that the time and effort invested do not yield the expected financial return, leading to frustration and loss of confidence. Online discussions often highlight these challenges, with some individuals reporting minimal compensation for their efforts.