But regular side hustles are especially popular among American millennials — 38 percent of people ages 18 and 37 told Bankrate that they make money from their side hustles at least once a month. That's compared to 30 percent of Gen Xers (ages 38 to 53) and 24 percent of Baby Boomers (ages 54 to 72). Bankrate also found that 15 percent of millennials earn money from their side hustle a weekly basis, 10 percent "a few times" each month and 13 percent once a month.
If you love to travel and find yourself frequently searching for airfare sales or browsing sites like Lonely Planet, why not monetize your knowledge as a private travel consultant? Start with friends and family who know they can already count on you for cheap flights and amazing activity recommendations. Ask for referrals and sign up on a site that connects you with travelers, such as Plansify. As a Plansify Travel Advisor, you can start connecting with a larger audience of people seeking your advice. Most registered advisors charge $12 to $30 to answer up to three traveler questions, and $50 to $75 for a one-hour Skype session.
As I already mentioned, I started a blog while working full time, babysitting, and freelance writing. Eventually, I wanted to build a scalable business, so I quit babysitting and freelance writing, but I initially used money from those jobs to help grow my blog. I needed that income for the side jobs (babysitting and freelance writing) to help me grow my side hustle (my blog). So, you can find ways to grow your side hustle by adding in a side job to the mix while you need it. I highly recommend it!
Don’t freak out about not being able to code just yet – you can build and sell websites on Flippa without any coding experience. Flippa is a marketplace for buying and selling web businesses, apps and domain names. It’s a godsend for savvy entrepreneurs that are always brimming with ideas for new hustles. In essence, this is how it works: you brainstorm a startup idea, secure a catchy domain name, use a WordPress theme to build it out and make it look appealing, and then sell it in an auction on Flippa. Alec Larson has been doing this for some time, and claims to be making $1,000 to $1,500 on Flippa every month. There’s no clever secret behind this – you come up with compelling ideas, flesh them out and sell them to eager entrepreneurs. The essential upfront investment is minimal: starting a website will cost you $2.45 a month, including a free domain name registration, plus your time and effort to put the pieces together. Certainly worth a try.
I can’t buy tickets to an in-demand concert without buying 4 extra tickets to sell on the side to pay for mine. Sometimes if I can get a pre-sale code I’ll buy 12 tickets just to make the money. I bought 12 Beyonce tickets and made over $5,000 just from less than 3 clicks on my computer. “Buy” “List in Stub Hub” “Confirm Purchase”. What did I do with the money? I used it to make my annual IRA contribution.
If you've been searching for work from home more than a minute you know how much crap is out there. You know that everything that glitters isn't gold! You already know that most work at home opportunities want to take your money and not help you make it! We've all been taught to be skeptical of work at home opportunities and to trust the BBB for insight. But have we been lied to? The answer may shock you.
Whoa. Epic list! I love the Chick-fil-a cow mascot :) Makes me think of all the side hustles I’ve had… my favorite was when I used to introduce myself as a commissioned painter and ended up closing a few deals that way. When I got to the point where I was painting portraits of people’s dogs that had passed away, I realized that I no longer enjoyed what I did :P
Many families with kids, including single-parents, have very limited time resources, creating a demand for part-time child care providers (and a business idea opportunity for you). If you love kids and have some spare time, you can earn plenty of side income by looking after children while their parents are away. Just be sure to identify the particular age group you're comfortable caring for and you’re all set after any necessary certifications. Establishing a home-based daycare center capable of servicing six or more kids is also a lucrative way to really expand upon this business idea if you have the right environment for it.
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.
Blogging Tip: If you’re passionate about blogging, create an online store that you can monetize and add a blog onto it. This allows you to start monetizing your asset before you’ve built your audience. Plus, the combination of content and commerce is a powerful one. As your blog grows, you can use retargeting ads to monetize your blog traffic to land even more sales. If you pump out regular, quality content you’ll quite possibly have a few home run posts that bring you a ton of traffic that’ll be easier to monetize than if you were hoping for a few affiliate sales.
As I’ve already covered with TeeSpring, the T-shirt retailing business is worth millions of dollars. But what if you want to do the manufacturing side of things? T-shirt printing turns out to be quite a rewarding business idea for many each year, but can quickly consume much of your side business idea time—so know what you're getting into before diving in. This multi-billion dollar industry counts big corporate factories as well as home-based part-time entrepreneurs.
Now that you’ve thought through the myriad of reasons to start a business on the side, the next step is to know what to expect. Some people think a side business will be easy and won’t take much effort. After all, it’s a side business right? Unfortunately, that’s simply not the case. A side business has many of the same challenges and issues a full-time business has. Here are a few considerations to keep in mind.
If sales and marketing isn’t your forte you can use a platform like Upwork or Freelancer.com who have large active audiences already looking for your skills. The kicker there is that these platforms tend to take a significant cut of your fees. If you want to keep 100% of your dough you can handle the sales process yourself and start by reaching out to local businesses or focus on a specific niche.
In many states, completing a driver’s education program is a requirement for getting a new driver's license or a learner's permit. Every state has different driver’s education requirements. Instead of paying a fine for a traffic infraction, many states offer the alternative of attending traffic school and the courts may also mandate that a person must attend a driver’s education program. Moreover, attending a defensive driving program may also entitle a driver to have lower vehicle insurance premiums.
If you enjoy working from your laptop, then becoming a virtual assistant may be exactly what you need. We use a few virtual assistants for Money Peach and one of them earns over $10,000 per month as a VA. Other places where you can become a virtual assistant for an agency where they find work for your is Upwork. They take a 10% fee, but 90% is still a great side hustle.
Entrepreneurs experienced in the restaurant and bar industry who are looking to venture out on their own are best suited for this business endeavor. Mobile bartenders often work nights and weekends. This offers a more flexible work schedule, allowing you more time to focus on building your business during the week, and also spend time with family and friends.
Great post, MM! Incredibly inspiring, I really only grasped the side hustle concept since starting my blog about 6 months ago, after reading sites like yours. Already, apart from my blog, I’ve put my personal recording studio into use and started a music production side hustle, and a friend and I have launched a boutique logo design start up, called BroGoLogo, as an quality alternative to commodity products/services that you mention in this post.
I don’t know about that working for free thingy. Even if an affiliate bought from me, I would still make them an offer on something highly discounted, such as a downloadable .pdf file, an informative YouTube video with AdSense in it included in a pdf file or ask them to share the video with everyone so clicks could be accrued, and the list goes on. Working for free online is not an option. lol