Similarly, if you have a particular financial goal in mind, working a side hustle can help you get there more quickly. Imagine you're aiming to buy a home and need $20,000 for a down payment. If your current salary and expenses only allow for $300 a month in savings, and you manage to earn another $300 a month from a side hustle, you'll reach your goal in half the time.
The best and worst thing about side hustling is you can literally make money doing anything. It’s the best because you can find and make money doing something you love, and it’s the worst, because most people think there are no rules to side hustling, so they end up making some money on the side, but not as much as they could be making and end up wasting time doing it.
There’s a huge online demand for English teachers who have the patience and willingness to regularly coach people over Skype. What’s more, is that you can easily make upwards of $25 an hour from people in places like Hong Kong or the United Arab Emirates, and it can even open doors to travel the world. While full ESL (English as a Second Language) accreditation is recommended, you can qualify as long as you’re a native speaker. Sites like Indeed, Learn4Good and Remote.co often post remote English teaching jobs, but stay abreast of the latest postings because available opportunities and fees vary.
Starting a website can be a great way to build some side income in a fairly passive manner. Start a blog if you have interesting, unique, and informative stuff to tell your readers. You can then make money on advertising or having people pay for educational products or tools you produce. Or create a website that brings together buyers and sellers of a niche product from which you can charge a subscription or transaction fee. The key is to think outside the box and come up with an idea that can provide a unique solution for people. And even if you want to produce a website that is similar to ones already out there, do it bigger and better and find a way to differentiate yourself!
Starting a podcast and building authority within your specific niche is an exciting way to grow a personal audience of listeners who regularly engage with your content. Since Apple's podcast store has a built-in audience and ranking system, you may be able to launch your podcast with a high volume of listeners. If that's the case, you'll rise to the top of the rankings and gain a huge amount of exposure.
However, suppose you've always been interested in photography and want to start a side business offering your services as a photographer for weddings and other special events. Depending on your work schedule, this could potentially interfere with your day job – and your day job also could interfere with your side business. For example, you might get offered a well-paid and prestigious photography gig to shoot an event that takes place at a date and time when you're scheduled to work.
Gig Economy Tip: Platforms like Fiverr are dependent on reviews. If you’re just starting out, pay a friend to buy your gig and review it after you complete the project. This will allow you to have a high star rating which will allow you to get your next few customers. Without a rating, it can be hard for a client to trust you enough to give you your first opportunity.
Unfortunately, while there is still a ton of WordPress website projects – it’s now more of a commodity service. The best WordPress developers now on UpWork are based in India or the UK. WordPress development becoming a commodity is fine if you want to build a $500 website for your friend’s local business, but it’s a lot tougher to scale. I no longer work on WordPress projects unless I am helping a friend for free, because I don’t enjoy building sites as much as I like doing SEO consulting.
It’s a big risk to leave a stable job and venture out into territory unknown, which is exactly why many people decide to test the demand for their new business while still enjoying the benefits of a full-time salary. This works particularly well if the idea is new or you aren’t sure whether or not the product will go over well in your area. By not committing full-time to the business, you can maintain a safety net in case it doesn’t go as well as you hope.
If you have a talent for helping people look their best, and know how to mesmerize with eyeliners and turn heads with lipsticks, consider using your beauty skills to pursue this easily profitable side business idea. For under $2000, you can start your own make-up artist business which can make for the foundation of a potentially lucrative side business idea that turns a profit largely by referrals and word-of-mouth from your happy customers.
Yes, spending time on YouTube can be a legitimate business idea if you take it seriously. If you can create value-driven, entertaining video content and grow your subscriber base to a few thousand subscribers, your videos can start generating pretty substantial income from all the ads being displayed on your videos. Many YouTube users make well into the millions each year, so there's clear potential to take this from side business idea to eventual millionaire with the right combination of content, audience, skills, relationships and timing. If you’re considering starting a YouTube channel it’s important use best practices when making videos. Read the YouTube playbook for tips which will result in faster growth of your channel. Additionally think about investing in a quality camera and microphone since the production quality of videos can often affect your viewership.
If you start babysitting when you’re younger and gain experience, you can charge more. Parents love to be able to go out to dinner and know that they’re leaving their kids with someone trustworthy. Start small by offering to babysit your friends or neighbors’ children and then make sure you advertise your services on Facebook as well. Do a great job, and your business can grow simply by word of mouth.
When it comes to our mother tongue, most of us don’t give language a second thought. However, without language, almost all aspects of life as we know it would break down. Teaching foreign languages gives others access to a completely fresh perspective on human life, as seen through the lens of a new language. With today’s growing rate of globalization, starting a foreign language instruction business can offer you an exciting and profitable career.