A side hustle is another way to make money aside from your main job. Even with a main source of income, many people look at starting a side hustle or two, to save up for a house, a holiday, or just for some extra cash. Side hustles can mean less financial stress and more money to do whatever you want to do. They are also a great way to spend your spare time. Here we look at nine side hustles worth considering this year.
Start Freelancing
If you have a skill that people want for their business, you can use this to start a side hustle. Even if you are currently working in an industry that involves using your skill, you can still use it as a side hustle too. There are some dependable websites that you can use to freelance, whether your skills are in design, art, or writing. Some of the best websites for freelancers include Upwork and Fiverr.
You can also look at freelancing jobs online, as some companies offer these kinds of roles when they need work. Not everyone can afford a full-time graphic designer, so offering your skills on a freelance basis can mean extra income for you and this benefits companies too. Create an email and reach out to some companies in your local area, asking if they have any freelancing work available. Having a portfolio can help you out when starting as a freelancer.
Create a Dropshipping Business
Dropshipping is becoming a very popular way for people to make money. If you want to do something that doesn’t take too much time or energy and means you don’t have to make room for products in your home, dropshipping is the answer. This side hustle involves creating your own online business and selling products to customers at a higher than the wholesale price.
You only have to google dropshipping suppliers to see just how many products you can get wholesale, which can be sold at a profit to you, while still allowing you to offer an affordable price to your customers. If you have a certain hobby or interest, you can create an online store that can be linked to this, meaning you can create tutorials or a YouTube channel where you use these products. The supplier can then ship any orders direct to the customer, meaning you can make money with just a few clicks.
Use a Print on Demand Service
If you’re an artist, or a writer, starting a print on demand business allows you to sell your products online, with no up-front cost to you. Selling your custom artwork is a great way to use your spare time to create your very own content. If this is something you want to do professionally one day, starting now could create a following for the future.
Print on demand services allow you to create personalized content, from t-shirts to posters. Any orders you receive will go straight through the printing service, meaning all you have to do is create the content and post it. It’s that easy to start selling your own products and making a side income from them. Don’t forget to market them on social media and promote your content online to get more sales.
Become an Instagram Influencer
It’s no secret that Instagram influencers make a lot of money and becoming one has never been easier. Not every person has an artistic talent or is good at writing. For those looking for another stream of income, creating content that involves marketing other big brands can see you earning some serious dollar.
You first need to get a social media following, so that brands will take you seriously. You can become an Instagram influencer for so many kinds of niches, including photography, baking, fashion, and gaming. You must be able to maintain your social media account and stay active to gain a following and become an influencer. This means posting regularly on your story and page. Utilize hashtags to gain a larger following.
Sell Information Booklets/eBooks
If you have a great understanding of a particular subject, why not use that knowledge to create your own informative blog, booklet, video, or book? Selling information is a great side hustle and once the content has been made, all you have to do is sell it. You will need to be able to write this in an interesting way, so it may be worth hiring someone to help you if this isn’t your strong point.
You also need to be able to market your product. Many information books are sold as e-books, meaning you don’t have to find a printing company to sell your product. Social media is a great place to market this and you can even offer a free trial so people can see part of the book or access it for 24 hours. Some popular information eBooks include diet plans, fitness regimes, yoga routines, and how-to guides.
Create a Blog
A successful blog can make money in a number of ways. You can choose to advertise other products on your blogging page, which can be paid for by the company. You can add affiliate links to your posts, which can make money for you every time a reader clicks on the link and visits the webpage. If you are already selling your own products through dropshipping or print on demand, you can advertise your own products to reach a larger audience.
Be aware that blogging is no quick process, and you will have to create your following from scratch, meaning it might take some time before you make money. The more people who read your blog and visit your site, the more you can make money from it. If you are a good writer or know a lot about a subject, this can be a great side hustle for making money.
Invest in Stocks for Dividend Income
Not all side hustles involve you selling products. Investing in stocks that pay dividends will provide extra income for you and your family as the company makes money. Becoming a shareholder in a business will allow you to start getting dividends, which can be used in several ways. You can choose to take it as cash, or you can use the dividends to buy more bonds and stocks to increase your portfolio. If you have a good investment strategy and understand the stock market, this can be a fun and interesting side hustle.
Wealthsimple offer lots of information and a handy blog which helps you find the best dividend stocks in Canada. Choosing the right company to invest in is essential to making good profits. Following their useful guide, you can see which stocks are best to buy into. Investing like this doesn’t mean instant income either, so be prepared to invest and wait for your dividends to come through. Investing, when done correctly, is well worth the wait.
Start Affiliate Marketing
Affiliate marketing involves a lot of research and a bit of trial and error, but once you understand the process, it can be a great form of revenue. Affiliate marketing involves earning commission whenever you promote or sell another company’s product. If you have a large social media audience or a background in sales, affiliate marketing is a great side hustle.
You will need to understand how to market the products, as well as which companies are worth working with. It may not be worth your time if you only earn a few dollars per purchase, as it can take time and effort to start affiliate marketing. For more information on starting your own affiliate marketing scheme, check out this blog.
Become a Virtual Assistant
If you are looking for an easy job, virtual assistants can work from home and from anywhere in the world. If you have a bit of spare time, there is a high demand for virtual assistants, especially since COVID-19 hit and forced companies to start working from home. If you have experience or are talented in a particular area, such as bookkeeping, administration, or social media, you can become a virtual assistant.
There are many leading companies that use these services. You can find clients in need of a virtual assistant on websites such as Upwork. Much like starting as a freelancer, sometimes it can be better to venture out on your own and sell yourself through emails. While finding clients may take a little longer, once you have established a client base, you can set your own prices and work with companies on your terms.
Whatever your skills, there are side hustles that anyone can start. With so much helpful online content, you can research and learn how to make your side hustle an effective stream of income. More importantly, these side hustles can be started from the comfort of your own home. Having a little marketing knowledge and a drive to make money can help you create side hustle in anything that you enjoy. From becoming an Instagram influencer to selling your products via a print on demand service, a side hustle is just one way to use the internet to make money.
To read more on topics like this, check out the Business category
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