By Nina | Updated August 18, 2024
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In today’s fast-paced world, finding ways to supplement your income has become more important than ever. Whether you’re looking to pay off debt, save for a dream vacation, or simply boost your financial security, side hustles offer a flexible and rewarding solution. This blog is dedicated to exploring a variety of side hustle opportunities that can help you achieve your financial goals. From freelancing and gig economy jobs to creative ventures and passive income streams, we’ll provide you with practical tips, success stories, and expert advice to help you navigate the world of side hustles. Join us as we uncover the best ways to make extra money and take control of your financial future.
1) Freelance
Earning Potential: $200 - $15,000 per month
Utilizing your skills to generate additional income through freelancing is a viable option. Forbes ranks freelancing highly among side hustles. Freelancers typically engage in various projects, working for multiple clients at negotiable rates. This allows for flexibility to align freelance work with other professional or personal obligations. To promote your abilities, consider sharing your resume on social platforms such as LinkedIn and Indeed. Platforms like Fiverr, Upwork, FlexJobs, Freelancer.com, and Guru offer the opportunity to create a profile showcasing your experience and skills. These websites feature a wide array of freelance jobs that can be completed online with minimal time investment.
2) Social media manager
Earning Potential: $3000 - $10,000 per month
Social media is the new advertising platform and many companies pay handsomely to have their products promoted via a social media presence. Social Media managers work remotely to promote the companies they work for on Facebook, Instagram, Twitter and other platforms. They are responsible for the development and implementation of a company’s social media strategy and ensuring it aligns with their business goals. They establish an organization’s online presence and brand value by promoting the company and its products or services by creating compelling content in form of videos, photos, infographics, or text posts on social media platforms. Job platforms like LinkedIn, Indeed, ZipRecruiter, Simply Hired, and Glassdoor have tons of postings for this job.
3) Online Tutoring
Earning Potential: $100 - $1000 per month
Share your expertise with others using online video sessions. SAT and ACT prep, math, English and science are in-demand fields. You can choose your hours and work around your schedule. Platforms such as Tutor.com, Wyzant, Outschool, and TutorMe are some platforms that one can tutor on. Often times, these platforms offer training and other online support to help get your business off the ground. They also provide the lessons, and you deliver can them to small groups.
4) Blogging
Earning Potential: $1000 - $100,000 per month
Blogging involves writing and sharing information with others via a website. Bloggers usually focus on interests such as food, restaurants, travel, beauty and many more. The more people read your blog the more potential you have to monetize it by displaying ads or affiliate sales. Some ads pay per click while others pay you to promote their services. While blogging needs an initial investment of buying the domain and some platform charge anywhere from $50 up annually to run the website, platforms such as Wix and Webador offer some free basic blog website and extra features for extra charges. Other platforms such as WordPress and Squarespace offer user friendly design tools and templates for under $100 dollars that can help you make the blog attractive.
5) Virtual assistants
Earning Potential: $1000 - $15,000 per month
Virtual assistants help businesses or individuals with administrative tasks such as managing inboxes or scheduling. You can search for companies seeking a virtual assistant on regular job sites, like Flexjobs or Indeed, or you can apply for a company that pairs virtual assistants with businesses, such as Time Etc or Boldly. If you decide to go through a third-party matching process, you may have less flexibility in the number of hours you work per week or the specific hours you work.
6) Sell Digital Products online
Earning Potential: $5 - $10,000 per month
Selling digital products online is a great way to earn money. Digital products like eBooks, audio books, courses, graphics, logos, images are all products that, with a little investment of time and skill, can earn a good steady income if marketed properly. To get started, you can conduct market research to validate your product ideas and identify your target audience. Then, create a marketing plan and launch an online store. Amazon, Audible and Shopify offer great guidance on how to sell digital products online. Sellify provides a list of 101 high-profit digital products and how to sell them while, Palceit offers tips on how to sell digital products on different platforms.
7) Take Online Surveys
Earning Potential: $20 - $100 per month
Online survey taking is an okay way to earn some extra cash. Although, not the most profitable, some surveys can pay up to $200 for a couple of hours of your time and opinions. A good place to start would be SurveyMonkey, DollarSprout, and Millennial Money. These websites offer a variety of surveys on different topics, and you can earn money by completing them. Some surveys pay more than others, and some websites offer more surveys than others.
8) Pet-Sitting
Earning Potential: $200 - $1000 per month
Ideal for animal lovers, this side hustle is easy to set up in your own home. You can care for pets in your home where owners can drop them off either on a daily basis or when they are on a vacation. Some counties and municipalities require permits so be sure to check with yours. You can earn extra income by marketing pet insurance to your clients. Some platforms where you can sign up are Rover or Care, Trusted House Sitters, Wag! and Time to Pet.
9) Baby-Sitting
Earning Potential: $1000-$2000 per month
Ideal for people who stay at home, parents need reliable babysitters who can take care of their children on weekdays or evenings as needed. While certification is not required, it can bolster your credibility. Platforms like Care.com, SitterCity, and UrbanSitter are some platforms that can help you set up a profile, take bookings and payments.
10) Answer questions for online services
Earning Potential: $5000 - $8,000 per month
If you have worked in your line of work for more than five years, you would be an excellent candidate for this subscription service that hires people, who are experts in their line of work to give expert opinions about their specialty. JustAnswer is a great portal for professionals from all areas like lawyers, doctors, home repair, tax pros and more.
11) Rent your house
Earning Potential: $100 - $7,000 per month
Turn extra space into extra cash. The market of space rentals has expanded exponentially. Renting out spare rooms, your garage or even your backyard can help with extra cash flow and even mortgage payments. Apart from listing your place for overnight travelers, you can also list them for meetings, dinners, film shoots or parties. While some portals involve start-up fees, they also offer step-to-step support on listing your place. A place to start would be of course Airbnb and Vrbo, but other portals like Neighbor.com, StoreAtMyHouse, and PeerSpace have multiple options.
12) Create a Podcast
Earning Potential: $500-$900 per month
Creating a Podcasts is another low to no-cost hustle that are easy to create and have a great passive income potential depending on the number of downloads. Podcasts are digital files of audio recordings that people can download at a cost and listen to. Typically available as a series, Podcasts cover a wide range of topics. Other methods of monetizing a Podcast include advertising, affiliate marketing, and merchandise sales. Audible and Google podcasts are quite popular with podcasters. Other platforms that offer podcast services are include Podbean, Spotify, Apple Podcasts, and BuzzSprout.