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.
So where does the money come in? As your audience starts to grow and you begin attracting more and more traffic, a whole array of different blog monetization options will open up to you. It’s best to choose the most organic ways that won’t detract from your blog’s reputation. For example, if you’re blogging about walking as a hobby, start selling custom walking trail plans or promoting walking boots. As mentioned earlier, it’s best to have multiple sources of income, as any one of them can shrink unexpectedly. The five main categories of income streams that bloggers tend to adopt are:
My husband and I tutored as side hustles while we were dating and still in college. We both used to help kids with math on the weekends and evenings. Sometimes, we’d get paid as much as $40 per hour especially if we traveled to another town to help kids. This was a nice amount of income for college students, and it allowed us money to go on dates and even save up for a few trips. If you like teaching and helping others, this is a great, low-cost business to start.
Many small companies and startups now outsource jobs that aren’t part of their core business (such as HR, admin, and accounting), which makes this skill set a great opportunity for starting a side business idea that engages your number prowess. Because companies always need to track their cash flow, freelance accountants and bookkeepers can really benefit from the increasing demand for part-time help.
Next you will want to create and display your pins. The Selz store builder makes it easy to show off your work, while the stylish web design options will help your store to stand out from the competition. You can choose to sell hard enamel pins or soft enamel pins, or both if you desire. In the beginning, though, it’s generally best to choose one or the other to avoid being overwhelmed.
This article is excerpted from U.S. News money senior editor Kimberly Palmer’s book, “The Economy of You: Discover Your Inner Entrepreneur and Recession-Proof Your Life,” which was released this month. Copyright © 2014 Kimberly Palmer. Published by AMACOM Books, a division of American Management Association, New York, NY. Used with permission. All rights reserved
After you’re certified, you can more or less set your own hours. Driving schools are always in-demand so you can be sure you’ll always have a steady stream of customers. That said, this business really starts to pick up in the warmer months, so you can also take advantage of the seasonality and take it into consideration when considering it as a side business.
The antique market is not as lively as it used to be. But there’s still money to be had from the industry if you love rare old stuff and possess the skill of restoring them to their former glory. To start an antique refurbishing business at home, you’ll likely need a few thousand dollars to build out a basic workshop and stock it with all of the right treatments and materials in order to truly excel with this side business idea. Start small by borrowing around what you can, and learning the basics of the trade as a side hustle before investing in a ton of equipment.
Download the free App and then find “gigs” in your neighborhood that companies are willing to pay you for. Can you check out the price of milk in a certain store for $6 or snap a pic of a storefront for $5 on the way to work? Note: You will start off with the crappier jobs in the beginning, but prove yourself and you will start getting offered the higher-paying jobs soon enough.
Although you can still build a niche website around your personal passion, it is typically a more calculated affair. You gear all your efforts towards establishing multiple income sources and earning money rather than getting the satisfaction of following your hobbies and interests. You might be a huge fan of Queen’s music, but if there’s no money to be made off this, you won’t pursue the idea as a side gig.
Suzanne lives in Texas and has been a full-time freelance writer for 20 years. She’s written for numerous business and financial publications, both online and in traditional print media. She also owns her own small business and has a passion to help others achieve their dreams of financial independence. Her goal is to eventually work from a remote island that is equipped with Wi-Fi.
Look specifically for how your competition built their side hustles. Use Google, Pinterest, and Amazon for this. Try to find out exactly what they did, or take a look at their websites and analyze their business models. There’s no need to re-invent the wheel. Of course, you’ll make it your own – you’re not stealing anything from them. But everyone learns business from everyone else (something this took me a long time to learn). So, take a nod from the best in your niche and start there to research how you can start your side hustle.
That’s my plan. No kids, no spouse, parents deceased. I’ll never be able to retire. On PSLF, but forgiveness not approved until 120th payment. Many are not being forgiven now. I take courses to stay in deferment. FedLoan bases payment on gross; not net. How does that make any sense?! After bills I can’t afford the payment. I have 3 grad degrees. Was supposed to be a psychologist. APA & NCE won’t accept my 15yo degrees for the national exam. So I teach at a CC. Over 180,000 in debt now and it grows monthly.
Work at home transferring data from one source to another. Most of these companies do not require past experience, although with few exceptions the pay may not be enough to consider it a stable income. Before you begin applying to any of the companies below (many of which sadly are almost never hiring), you might want to read the post I wrote about data entry jobs from home. It explains what your expectations should be prior to pursuing a career in this industry.
Did it work for me? Yep. I'm already earning some extra money on the side. As soon as I got the book I grabbed a blank notebook and carried it with me wherever the Side Hustle book went so I could craft my own side hustle plan (I even took it to the beach a couple times for some educational reading). I've written pages and pages of notes and generated lots of ideas for future projects. Since starting the 27-day plan (it's taken me more than 27 days because... life) I've started earning affiliate income from my existing personal blog that never used to earn anything. Now that the low hanging fruit is started, it's time to grow it and see where it takes me next.
It’s funny that you put baking of all things on this list. I’d often considered the idea of baking cookies and things and selling them on Facebook garage sale sites and things like that – until I made Christmas cookies last week and found out how difficult it is. Let’s just say it gave me a healthy appreciate for the people who make all the tasty desserts I regularly enjoy!
We’ve all dreamed about having a massive social media following and it’s actually much easier to achieve that you think. There are plenty of automated tools to help you grow, all you need to do is post consistently (that’s how I built my Instagram account to >10,000 users in 3 months!). Once your following is large enough you can begin to charge for shout outs, product promotions, etc. and drive traffic to a blog or email list.
Driving for one of the two globally expanding app-centric taxi alternative services, Uber or Lyft can still be a fairly lucrative way to earn money as a side business idea on nights and weekends—working only when you want. But before you dive head first into this side business idea, do your homework and calculate the costs of extra gas, mileage, tires, wear & tear and usage on your vehicle—it's not a guaranteed business idea that'll turn a huge profit every weekend.
Then you can move into more actionable online courses like Modern Web Design on CreativeLive and Learn Web Design and Profitable Freelancing on Udemy will teach you everything from foundational web design knowledge to earning your first freelance income as a web designer. On top of that, you can take even more immersive courses and learning experiences with access to direct instructor feedback and personal mentorship with platforms like Treehouse, LinkedIn Learning and General Assembly to get up-to-speed even quicker with this career path and listen to my podcast interview with Ian Paget about how to become a freelance designer as a side business idea.
Right now my side hustles are selling on Ebay, a bit on Amazon and Mercari and doing phone work as an independent contractor (customer service). I have a daughter with autism in high school that I have to be available for and I have some illnesses that prevent me from working full time or doing anything physically strenuous. One of my problems is that I have a partially paralyzed vocal fold. I just had a cold and am still trying to get my voice back! So I need another hustle to add to the list for when I cannot work my $10. per hour phone job. Ebay slows down in spring and summer also. I am interested in the Notary service, how do I get started and what is involved? Also, I am interested in Prosper. What else am I missing? I tried blogging but when I’m not well I am not good at putting words together! I wish i knew how to build websites, seems like a good income there.. where can I learn without going back to school? Thanks for this blog.. very helpful and cool!