The challenges of today's world force many to look for side hustles to supplement their income and achieve financial freedom. From saving for a big purchase, paying off debt, or simply wanting to boost one's savings account, side hustles can be the perfect way to make some extra money without quitting your day job. The good news? Most of these require little or no startup capital, therefore available to anyone.
Here are some popular and profitable side hustle ideas that can help you earn extra money in your free time.
1. Freelancing
Freelancing is one of the most flexible and lucrative side hustles available. If you have a marketable skill like writing, graphic design, web development, social media management, or video editing, then you can start offering your services to clients online.
To start:
Sign up to freelancing platforms like Upwork, Fiverr or Freelancer.
Build a profile of your skills and portfolio.
Set your rates and start applying for projects that match your skills
Potential income: Depending on the skill, you can earn between $20 and 100+ per hour
Freelancing is great because it gives you the flexibility to work at your own time and on projects that excite you; this makes it very appealing to side hustlers.
2. Online tutoring
With experience in a particular subject, you can use it to start a highly profitable side hustle teaching the skills online. Whether you are helping out your math student, showing science, languages, or even test preparations, online tutoring services are in very high demand.
Getting Started
Subscribe to some tutoring platforms like Chegg Tutors, VIPKid, or Wyzant.
You can advertise your services on social media or start your own tutoring website.
Potential income: Tutors usually charge between $15 and $50 per hour, depending on the subject taught and platform.
Through this side hustle, you can spread your knowledge and help other people. Plus, you can do it from your home.
3. Driving for Rideshare or Delivery Services
If you have a car, going out to ride share, for example, such as Uber or Lyft, and delivering food with some companies like DoorDash or Uber Eats, can be very easy and flexible in making extra money. You can work as much as you want or as little as you want, fitting in easily with your schedule.
How to get started
Download the app corresponding to your choice of mobile operating system and sign up as a driver.
Get yourself vetted through background check and vehicular check-up, if requested
Start accepting ride or delivery requests and start earning money
Possible Earning: On an average, a driver makes $10 to $25 per hour along with more tips and bonuses during peak time.
Driving for a rideshare or food delivery service probably ranks among the easiest ways to start a side hustle, especially if you enjoy being on the road.
4. Sales of Handmade Goods or Crafts
If you are crafty or an artist, you can sell handmade items like jewelry, art, clothing, or home decorations. You can sell these items on platforms like Etsy or eBay, or even set up an online store.
What to do:
Select a craft or handmade product that you want to be passionate about making.
Sign up for an online shop on Etsy or whichever other platform would best fit your niche.
Promote on social media and sell online to attract traffic into your shop.
Earnings: very variable, depending on what you are selling and how you price, but good Etsy sellers can gross anywhere between $500 and $5,000+ a month.
This kind of side hustle allows you to leverage your creativity and make a bit of fun out of it while earning money.
Conclusion
Affiliate marketing is the process of leading others to purchase other people's products or services and earning commissions for each sale made through your referral link. Bloggers, website owners, or individuals with big social media followings are going crazy for this side hustle.
How to get started:
Sign up for affiliate programs such as Amazon Associates, ShareASale, or ClickBank.
Promote the products via your blog, social media, or email marketing.
Earn a commission every time someone buys via your referral link.
Potential earnings: Affiliate marketers can earn as little as $50, or up to $5,000+, per month depending on traffic and marketing efforts.
If you're already online, affiliate marketing could make for a good source of passive income.
6. Pet Sitting or Dog Walking
If you like animals, then offering pet sitting or dog walking can be a fun way to make that extra money. Nowadays, more and more pet owners need someone to take care of them while they are at work or vacation.
How to start
To begin, sign up on pet-sitting platforms like Rover or Wag!
You may also put up your service locally, or maybe even create a website to attract clients.
Provide dog walking, pet sitting, or overnight stays for the pets.
Estimate income: A pet sitter and dog walker would charge $15 to $50 per visit based on location and kind of service.
This side hustle offers flexibility and the joy of spending time with pets while making money.
7. Virtual Assistant Services
The demand for virtual assistants has increased exponentially with more businesses going online. Virtual assistants help with administration tasks, including scheduling, handling emails, managing social media, and customer support.
Getting Started:
Freelancing platforms such as Upwork or Fiverr
The services are typically data entry, email management, appointment scheduling, or content creation
Market your services by promoting through social media and via your own website.
Potential income: Virtual assistants can earn anywhere between $15 to $50 an hour depending on the service they offer and the client's needs.
You get to work at home while still getting paid for your job as a VA. This is a great idea for people seeking flexible work-from-home opportunities.
8. Online Surveys and Market Research
Not a goldmine, probably, but completing online surveys and joining market research studies can also generate some pocket money or gift cards when you have spare time. After all, many companies will pay for their customers' input to make their products and services better.
How to get started:
Sign up with survey sites such as Swagbucks, Survey Junkie, or InboxDollars.
Surveys, videos, or whatever market research activity is going on.
Potential income: $1 to $5 per survey or more depending on the duration and level of study.
This is one of the easiest side hustles, and though it will not earn you too much money while working part-time, it is the most convenient way to earn some money when there is free time available.
9. Social Media Management
If you're great at managing social media accounts, you can offer services to organizations or individuals that want to develop and grow an online presence. Some of the aspects of this side hustle on Instagram, Facebook, and Twitter may include creating content, posting schedules, and engaging followers.
How to get started:
Let's reach out to small businesses or even individuals that need a little help managing their social media.
Package the proposal in content creation, posting schedules, and engagement.
Schedule posts and track engagement using Hootsuite or Buffer.
Potential Monetization: Social media managers can charge between $300 and more than $2,000 a month depending on the clients and services offered.
This hustles require much communication and creativity skills but at great income potential.
10. Renting Out Property or Space
For instance, if you have a spare room in your house or another house, then renting it out can make for a good part-time business. Services like Airbnb or Vrbo allow you to rent out a room, an apartment, or even a parking space.
To Get Started
List your space on platforms such as Airbnb, Vrbo, or Turo (for car rentals).
Create an attractive listing complete with good-quality photos and a detailed description.
Set competitive prices and provide good customer service to garner excellent reviews.
The potential income will depend on your location and the size of space you are renting out. You could make anywhere from $100 to $5,000+ per month.
Renting out space to others is a great way to monetize those areas that wouldn't otherwise be used, and with Airbnb, getting started is as easy as pie.
Side hustles serve to be a very flexible way of earning some extra money and can be indulged in with a minimal investment. Be it freelancing, opening up an online store, turning into a pet sitter, or any other alternative, persistence and dedication help you to succeed.
Small beginnings, motivation, and learning while growing happen to make for a more reliable source of extra income through the side hustle.
0 Comments