Risk: Moderate

Starting a Notification Strategy Consultant side hustle from scratch can be risky for someone who can't afford to lose money. Potential losses could include money spent on marketing, tools, and resources, time invested in building a client base, energy dedicated to creating strategies, and confidence if the venture doesn't succeed. Beginners might spend money on tools and advertising without seeing returns, especially if their strategies are not effective. There are startup costs associated with setting up this business, such as marketing expenses and software subscriptions, that might not pay off immediately. Online discussions often mention the challenges of failing or losing money in this field. I'd rate the risk a 2 out of 5 because there is a high chance of losing money and time, especially if the strategies implemented do not attract clients or generate revenue.