Your day job might fulfill your dreams, but more is needed. It could lack the desired income or stability you seek. Alternatively, you may feel stagnant in your professional growth but need more time to move on.
Regardless of the reasons, a side job could answer your current situation. It can help you earn extra money, acquire new skills, or expand your network within your industry.
Based on a survey conducted by FlexJobs involving more than 2,000 employed professionals, nearly one-third of respondents indicated having at least one side job. Furthermore, over 11% reported having multiple side jobs.
Another 38% expressed an interest in finding a side job. More than two-thirds (69%) of employed professionals have or desire a side job. However unusual it may sound for employment categorization purposes, there’s no specific designation for “side hustle.” So what exactly is a side hustle?
And how do you go about discovering one that suits you? We’ve tips for researching and securing the perfect side hustle opportunity.
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What Is a Side Job?
A side gig, a side hustle, or perhaps moonlighting is what you call it when you take on an additional job alongside your main one. This second job can be done remotely, part-time, seasonally, or occasionally.
Many individuals use these side jobs to learn new skills, test out a potential career change, or pursue their passions.
A side hustle is any activity allowing you to work and earn money outside of your regular employment. It could involve freelancing, working with flexible schedules, or taking up gigs in various industries.
Unlike traditional jobs where the hours are fixed and determined by someone else, side hustles offer more flexibility to set your work hours. This makes it particularly appealing for those with busy schedules who want to earn extra income on their own terms.
One key difference between side hustles to make money and traditional employment lies in the compensation package provided.
Individuals who engage in these gigs are often seeking additional income or valuable work experience that can enhance their careers rather than formal benefit packages offered by employers. Side gigs are commonly distinguished from part-time employment, even if the hours worked are the same. In a formal part-time job, your employer determines your schedule.
Conversely, side hustles from home tend to be more personalized and offer greater flexibility in terms of scheduling. This flexibility simplifies juggling a side hustle alongside a full-time job and personal obligations.
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How to Level up Your Career With a Side Hustle?
Many professionals are in search of additional sources of income to supplement their retirement, cover expenses, and increase their savings. However, financial reasons aren’t the only motivation for pursuing a side hustle.
Engaging in a side hustle can be beneficial for advancing your career. It provides an opportunity to acquire new skills that hold value in today’s job market.
For instance, you may learn digital marketing or coding skills to enhance your chances when applying for employment opportunities. If you’re considering a career change, engaging in a side hustle allows you to build up your portfolio while maintaining the stability of your full-time position.
Having a side hustle can demonstrate ambition and drive to potential employers. It showcases initiative and willingness to go the extra mile for success. This sets you apart from other candidates and gives you an advantage when securing job opportunities.
4 Platforms to Make Quick Money From Home
- Survey Junkie
- Branded Surveys
- KashKick
- InboxDollars
Survey Junkie
Completing online surveys is a viable option for earning additional income during your leisure hours. Although it won’t make you rich, it can provide extra funds to help cover expenses or enjoy fun outings. Survey Junkie presents itself as a legitimate survey platform that can be utilized in your free time.
Survey Junkie is an online market research community owned entirely by DISQO, a consumer insights platform. Its primary focus is to gather and analyze data for the market research industry.
With over 20 million members actively participating in sharing their opinions through completing online surveys, Survey Junkie offers points that can be redeemed for cash or free gift cards as an incentive.
Survey Junkie stands true to its claims of being a trustworthy site that allows you to exchange your time spent on taking surveys for cash or e-gift cards. According to Trustpilot ratings, Survey Junkie has received an average score of 4.2 out of 5 based on over 44.1k plus customer reviews. The Better Business Bureau (BBB) rates it at 4.2 out of 5, with over 1,400 customer reviews.
While engaging in paid surveys with Survey Junkie may not lead you down the path of immense wealth, rest assured that you won’t fall victim to scams, and there will be no false advertising involved
How You Can Earn With Survey Junkie
- Taking Online Surveys: The point values for surveys typically vary between 10 and 200 points.
- Product Testing: Payouts for Survey Junkie product testing vary, but the average falls in the range of $5 to $50.
- Online Focus Groups: Compensation for participating in online focus groups with Survey Junkie varies based on the specific group, but the average payout ranges from $25 to $100.
- Phone Surveys: Survey Junkie offers an average payout of $5 to $100 for participation in phone surveys.
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Branded Surveys
Numerous companies value their customers’ perspectives and regularly conduct market research. This allows individuals to voice their opinions and influence a wide range of products, features, and significant business decisions and provides an opportunity to earn money. Survey platforms are where the action happens.
Branded Surveys is a platform that compensates individuals for completing online surveys and other tasks. Branded Surveys is a reputable marketing research firm that compensates individuals for their insights via a user-friendly website and extensive surveys.
With its established presence, this legitimate platform has earned a Trustpilot rating of 4.1 out of 5, based on more than 87.3k customer reviews. The prevailing sentiment in these positive appraisals centers on the abundant selection of survey opportunities offered by the company.
How You Can Earn on Branded Surveys
- Online Surveys: Have the potential to accumulate up to 300 points.
- Survey Streak: You can earn 300 points by consistently participating in multiple surveys within a week.
- Daily Polls: Accumulate 5 to 10 points for each completed poll.
- Poll Streak: Earn 25 to 100 points by consistently taking one poll daily for ten consecutive days.
- Leaderboard Bonuses: Explore the Leaderboard to monitor points earned by fellow survey takers, with the top 10 participants receiving an extra 10 points!
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KashKick
KashKick is an online platform under the “get paid to” (GPT) category. It allows individuals to earn cash rewards by engaging in various activities. KashKick and similar websites generate revenue by facilitating connections between customers and brands.
While relatively new in the GPT domain, KashKick offers many of the same features as well-established platforms. Upon registration, users can complete surveys, play games, and explore cash-back deals on the platform.
If you’re looking for a legitimate website that rewards you for various tasks, such as surveys and gaming, KashKick fits the bill perfectly.
How You Can Earn on Kashkick
- Online Surveys: Compensation increases with the survey duration.
- Reward Offers: KashKick provides cashback offers typically ranging from $0.50 to $50.
- Referral Program: Earn 25% of your referral’s lifetime earnings on the site through the referral program.
- Payouts: KashKick pays in cash, eliminating concerns about being limited to gift card options. To qualify for a payout, ensure you have at least $10 in your KashKick account. Once you reach the payout threshold, click on your balance, request a payment, and your money is coming.
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InboxDollars
Founded in 2000, InboxDollars is a website that rewards its users with cash. Over the years, the company has experienced significant growth and now boasts millions of members worldwide. In 2019, Prodege, a larger online company that owns Swagbucks, ShopAtHome, and MyPoints, acquired InboxDollars.
InboxDollars provides numerous opportunities for its members to earn money. These include completing surveys, playing games, watching ads, or watching online videos. By engaging in these activities, users accumulate credits in their accounts, which can be redeemed once they reach $30.
However, “InboxDollars is more than just a survey site. It offers various avenues for members to make extra money online.” Here are some of the ways you can earn cash through InboxDollars:
How You Can Earn on InboxDollars
- Play Online Games: Members can accrue real money, as well as win free gift cards and prizes, by engaging in online games like Solitaire or Mahjongg, as indicated on their website.
- Watch Videos: Earn cash in your InboxDollars account by watching sponsored content.
- Magic Receipts: By adding a specific grocery deal to your Shopping List, purchasing it at a participating store, and uploading the receipt, you can earn cashback from your shopping.
- Online Shopping: When you shop through associated links in your InboxDollars account, major brands like Walmart and Gap provide the company with a commission. InboxDollars then shares a portion of that commission with you.
- Reading Emails: Opening and reading messages might earn you a small fee.
- InboxDollars Search: You can start accumulating rewards by using their search engine for web surfing instead of regular search engines.
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20 Side Hustles From Home
1. Take Online Survey
Surprisingly, it’s possible to earn money online by participating in surveys. Websites are dedicated to online surveys, where individuals can complete surveys during their free time and receive compensation through gift cards or cash. However, note that not all paid survey sites are equal in quality.
Survey sites can be a viable option for beginners interested in making money online, as they allow for quick registration and immediate survey participation.
The speed at which you receive payment will vary depending on the specific survey site and how much time you invest in taking surveys. Some sites require you to reach a certain minimum earnings threshold before being able to cash out.
One such market research platform is Survey Junkie, which connects users with companies seeking consumer opinions. By signing up with Survey Junkie, users have the opportunity to complete surveys and accumulate points that can later be redeemed for gift cards or cash through PayPal.
With a focus on providing a user-friendly platform for sharing opinions on various products and services, Survey Junkie aims to streamline the process for participants.
Taking online surveys presents an accessible avenue for earning money remotely. It allows individuals to share their valuable insights while also benefitting from rewards provided by reputable platforms like Survey Junkie.
Costs and Platforms
Other fantastic online platforms such as Branded Surveys, KashKick, and InboxDollars offer users the chance to earn rewards by engaging in various online activities like surveys and video watching.
Branded Surveys work alongside brands to gain consumer insights and reward participants with points that can be exchanged for cash or gift cards. KashKick prioritizes an easy-to-use experience while providing cash rewards for completing tasks.
InboxDollars offers many earning opportunities, including surveys, video watching, game playing, and email reading. Users can redeem their earnings for either gift cards or PayPal cash.
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2. Freelancing
Freelancing is a proven method for earning additional income and should be included as one of the top suggestions on any list of simple side hustle ideas. Individuals who freelance complete projects for one or multiple clients can set their schedule. There’s a high demand for freelance graphic designers, writers, editors, and website developers.
However, there are also freelance opportunities in various other fields. Skilled mechanics, experienced bookkeepers, video editors, interior decorators, and even licensed real estate agents can find project-based work that aligns with their specific skill sets.
Costs and Platforms
Promote your freelance abilities to your personal contacts without spending a dime using email and social media platforms. Another option is to connect with potential clients through freelancer websites like Fiverr, Upwork, and Freelancer.com, which take care of project management and payment processing on your behalf.
Showcasing your skills on a professional-looking website adds a touch of polish and allows for convenient online invoicing and payments via Square or another reputable online payment service provider.
3. Pet Sitting and Doggie Day Care
A fantastic opportunity for those who adore animals, a pet-sitting side gig is simple to establish and promote. Whether you care for pets in their owners’ homes while at work or on vacation or prefer to have them stay with you for shorter or longer periods, the options are endless.
Certain states and cities may require permits, so it’s wise to familiarize yourself with the regulations in your area. Consider offering pet insurance as an extra service to boost your income potential.
Costs and Platforms
In-home care incurs minimal costs, although setting up your space may involve purchasing kennels or gates. You can use well-known pet-sitting applications like Rover or Care.com to find clients and handle gigs. Alternatively, you can establish your booking and payment system with Square’s complimentary tools.
4. Blogging
If you have a passion for writing and sharing knowledge, why not begin a blog centered around a specific area of interest that captivates you, such as travel, culinary delights, beauty, or fashion? As your blog gains traction and draws in readership, there are opportunities to generate income through advertisements or affiliate marketing.
Advertisements reward based on the number of views or clicks they receive, while affiliate marketing compensates you for promoting products or services. You earn a commission whenever someone follows an affiliate link and makes a purchase.
Costs and Platforms
Running a simple blog usually requires an annual investment of $50 to $100. It involves purchasing a domain and creating a blog website through WordPress hosting, Wix, or Squarespace. These platforms provide easy-to-use design tools and appealing templates, eliminating the need to hire a designer or developer.
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5. Babysitting and Child Care
Babysitting and providing child care at home are highly sought after, and this additional source of income is an excellent opportunity to make extra money during your free time or according to a fixed schedule.
Although certification isn’t mandatory in many places, you can enhance your credibility by completing online or in-person babysitting certification courses offered by the American Red Cross. These courses cover important topics such as CPR, first aid, and strategies for managing children’s behavior.
Costs and Platforms
Looking after children is a great way to earn extra money without spending too much. Utilize platforms like Care.com, Sittercity, and UrbanSitter to advertise your babysitting services and handle bookings and payments. Alternatively, you can create your own system for scheduling appointments and receiving payments by using Square.
6. Virtual Assistant
In the digital realm, virtual assistants offer their services as personal assistants, taking care of various tasks such as scheduling appointments, managing customer emails, making travel arrangements, handling data entry, and much more.
If you possess strong organizational skills and are adept at using technology, this side gig presents a fantastic opportunity to earn income from the comfort of your own home during your free hours.
Costs and Platforms
The only expenses involved in this side job are a dependable computer and internet connection. Various virtual assistant platforms, such as Taskrabbit, ChatterBoss, and Upwork, enable you to promote your services and handle tasks and payments. Alternatively, you can use Square to oversee bookings and payments.
7. Tutoring and Instruction
Are you proficient in academics, music, fine arts, or sports? There’s a constant need for tutors and personal instructors who can offer flexible side hustle opportunities. You can promote your in-person and virtual instruction services to parents seeking convenient sessions for their children.
However, don’t overlook the potential of adult students. Adults are eager to broaden their horizons and can often attend sessions during school hours if it aligns with their side hustle schedule. Remember that catering to parents and adults will maximize your earning potential in this field.
Costs and Platforms
In many instances, the initial expenses for starting a business are relatively low. Additionally, various applications and online platforms, such as Wyzant, Skooli, and TakeLessons.com, can assist you in promoting your services and handling bookings and payments.
Alternatively, you can personally manage all aspects of scheduling appointments and processing payments by utilizing Square.
8. Self-publishing Ebooks
Self-publishing ebooks is a great side gig option for writers. Don’t worry if you’re not a master wordsmith because you can still make money from this opportunity. If you can create an imaginative story or provide instructions on how to do something, you can hire ghostwriters and editors to finalize and refine your work.
Afterward, all left is publishing your ebook through platforms like Amazon’s Kindle Direct Publishing, Smashwords, Barnes & Noble Press, Lulu, and more. Then just sit back and wait for the royalties to start flowing in.
Costs and Platforms
Publishing your own ebooks can be an affordable endeavor if you take on the task of writing your book and creating your cover art. However, many dedicated authors choose to enlist the assistance of professionals in cover design and editing for that final polish, resulting in a cost of more than $100 per title.
Ghostwriters, depending on factors such as the length and topic of the book, can charge $200 or more to produce a complete manuscript. While publishing on most ebook platforms is free, these outlets do take a percentage from each sale price. Additionally, marketing expenses add to the overall costs associated with publication.
9. Online Courses and Coaching
Are you an expert in any field? You can monetize your expertise by developing and selling online courses and coaching programs during your free time. With the help of user-friendly and affordable online course platforms, this side hustle idea is simple to get started with.
Moreover, when combined with social media marketing, ebooks, YouTube promotion, and blogging, offering online courses or coaching services can evolve into a highly profitable venture.
Costs and Platforms
Popular e-learning platforms like Udemy, Thinkific, and Podia guide you through creating a course and offer personalized coaching. These platforms usually charge a monthly fee or take a percentage of your course sales as their commission.
Website builders such as WordPress, Squarespace, Wix, and others allow you to incorporate online courses and exclusive content for members. This enables you to establish your own branded platform on these websites.
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10. Digital Product Sales
Are you someone with a talent for creativity? Creating and selling digital products is an excellent side hustle idea that requires little to no investment. The market for digital artwork, logos, music, photography, video content, and website design templates is thriving.
By producing these items digitally and offering them for download on your personal website or various online platforms like social media and digital product marketplaces, you can turn a profit.
Costs and Platforms
Utilize various graphic, photo, video, or music software to produce digital products of your own. Make use of online platforms like Canva, PhotoPea, and the Garageband app for creation purposes.
You can monetize your creations on either your personal website or an Etsy store by uploading them onto creative marketplaces such as Canva, Envato Market, Creative Fabrica, Shutterstock, iTunes, and SoundCloud, among others.
11. YouTube Channel
Making extra income through YouTube’s side hustle is an excellent opportunity to utilize your spare time by sharing knowledge, engaging in discussions about current affairs, or providing entertainment.
One of the advantages of YouTube is that it’s completely free to use. However, to monetize your videos on this platform, you must have a minimum of 1,000 subscribers and an average of 4,000 video watch hours per year.
This achievement may take some time, but with dedication and effort, earning a substantial amount each month becomes feasible.
In fact, there are numerous individuals who have transformed their YouTube channels into highly profitable full-time careers thanks to their commitment as side hustlers.
Costs and Platforms
Joining YouTube is completely free, and you have the freedom to upload an unlimited number of videos without any charges. Moreover, you can easily create videos using your smartphone’s high-quality camera and take advantage of various free video editing apps like iMovie, Loom, Canva, and AdobeSpark.
If you’re looking to expand your YouTube channel’s reach, consider utilizing cost-effective YouTube ads as well as sharing your videos on both your blog and social media platforms.
12. Viral Social Media Creator
Creating viral content on social media can lead to financial gain if you have the know-how.
Major platforms like Facebook, TikTok, and Instagram offer creator programs that allow you to make money from various types of content, such as entertaining shorts, informative tutorials, and opinion videos.
To earn a substantial income, it’s essential to generate a large number of views. However, this side hustle idea isn’t only enjoyable but also cost-effective, with the potential for significant financial rewards.
Costs and Platforms
Here’s an incredible chance to earn extra income without spending money. You can easily join social media platforms without cost and share as many posts and videos as you want. These platforms even offer their own tools for creating posts and videos at no charge. All you need is a cell phone equipped with a camera, and you’re ready to begin your side hustle adventure.
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13. Influencer Marketing
Successful influencer marketers establish a brand by sharing captivating content on various platforms, including an affiliate website and blog, a podcast channel, social media accounts, and a YouTube channel.
Influencers generate income through diverse types of content like product evaluations and recommendations, entertaining videos, instructional tips and tricks, thought-provoking social commentary, and more.
You can launch your influencer brand as a side gig and earn money through affiliate links, advertisement revenue, and sponsored content partnerships while monetizing your videos when they achieve specific levels of views and followers.
For instance, YouTube requires 1,000 subscribers to your channel along with 4,000 hours of yearly viewing time to start earning money. Facebook Reel profiles need at least 100,000 reel plays within 30 days for payout eligibility.
Costs and Platforms
Starting an influencer side gig on social media and YouTube is a cost-free endeavor, as these platforms allow you to create accounts without any charges.
You can launch your website and blog using platforms like WordPress, Squarespace, or Wix at little to no cost. As your following grows, you can easily upgrade your storage space and access additional features for a nominal fee.
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14. Create a Podcast
Launching and developing a podcast is a well-liked and inexpensive side gig option. Podcasts consist of pre-recorded audio files that you produce, edit, and upload to podcasting platforms for easy access by listeners.
There are various ways to monetize podcasts, including advertisements, sponsored content, affiliate links embedded within the podcast descriptions, and paid subscriptions. This presents an opportunity to generate income without incurring significant costs.
Costs and Platforms
You can capture and modify a podcast using audio recording applications integrated into your mobile device, tablet, or computer. Afterward, you can upload these podcasts onto channels that you establish on various platforms such as iTunes, Anchor, Buzzsprout, and many others.
Certain platforms provide free options, while the majority offer premium paid plans that enable earnings through paid listener subscriptions, downloads, and sharing ad revenue.
15. Become an E-commerce Reseller
Numerous lucrative side gigs revolve around traditional e-commerce, wherein you personally purchase, store, and resell a variety of products sourced from different vendors.
While this particular hustle demands greater initial investment and time commitment compared to other side hustle ideas mentioned here, many enterprising individuals have successfully turned it into a full-time venture.
To further increase earnings, one can explore avenues such as selling print-on-demand merchandise, dropshipping items, and generating income through affiliate blogging.
Costs and Platforms
The expenses involved in starting this additional source of income can vary, from $500 to $5000 or even higher, depending on the amount spent on initial inventory. Nevertheless, opting for a highly recommended e-commerce platform won’t be too costly. The introductory packages offered by Shopify, WordPress with WooCommerce, and Weebly by Square are free or priced at just $29 per month.
16. Sell Artisan Products
If you have a passion for painting, woodworking, baking, sewing, knitting, or creating handmade goods, you can monetize your skills by selling artisan products during your free time.
To generate income from this supplemental venture, consider selling your pre-made or customizable handcrafted items through online platforms and local events such as fairs and markets.
Costs and Platforms
If you’re looking for a side gig, here’s a side hustle idea that involves some initial investment in supplies and tools.
However, the good news is that you can minimize upfront costs by utilizing platforms like Etsy, creating your e-commerce website, and leveraging social media accounts to market and sell your products online.
If you prefer selling both online and in-person, Square or Shopify are worth considering. These platforms provide seamless systems with complete integration of online stores, retail point-of-sale (POS) applications, and mobile card readers.
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17. Sell Goods Via Dropshipping
Building a successful e-commerce store can be made easier with dropshipping, as it eliminates the need to worry about purchasing, stocking, and shipping products. Dropshipping allows you to only pay for items when a customer buys them.
When you utilize dropshipping, the dropship vendors take responsibility for storage, packing, and shipping. They’ll charge you the wholesale and shipping costs for each order placed. Although managing your website and providing customer service can be time-consuming as a side hustle in dropshipping, it remains the most affordable and simplest method to enter into e-commerce sales.
Costs and Platforms
To pursue this additional source of income, it’s essential to have a reliable online platform that seamlessly connects with dropshipping suppliers. Popular e-commerce platforms like Shopify and WordPress with WooCommerce and BigCommerce are excellent choices.
To establish a diverse range of products, it’s recommended to collaborate with reputable dropshipping suppliers such as Doba, AliExpress, and Sprocket. These suppliers serve as an ideal starting point for your product collection.
18. Sell Print-on-Demand (POD) Products
Are you fond of designing entertaining graphics and quotes, or do you possess a talent for illustration or photography? Monetize your creativity by incorporating your creations into different print-on-demand (POD) merchandise, including t-shirts, mugs, pillows, wall decorations, and more.
This side gig side hustle idea is similar to dropshipping, as the POD provider handles all the logistical aspects on your behalf.
You must upload your artwork onto various printable items to establish a diverse product collection. Once an order is placed, the POD vendor handles printing, packaging, and shipping while invoicing you for the wholesale price and delivery charges.
Costs and Platforms
To successfully execute dropshipping, it’s crucial to have an e-commerce platform that seamlessly connects with print-on-demand (POD) vendors like Shopify, WordPress with WooCommerce, and BigCommerce. When it comes to sourcing POD products, it’s advisable to begin by partnering with reputable suppliers such as Printful, CustomCat, and Printify.
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19. Self-Publish Print-on-Demand (POD) Books
Are you someone who enjoys writing or illustrating? Or perhaps you’re interested in taking advantage of the latest advancements in self-publishing? If so, then POD books might just be the perfect side gig for you. POD books encompass many printable literature, including novels, nonfiction works, notebooks, planners, cookbooks, coloring books, puzzle books, and more.
The process is simple: you can utilize free or economical online tools to create your books. Once completed, all left to do is upload the digital files onto a POD book sales platform. When a customer purchases your title, the platform takes care of printing and shipping out physical copies while also providing you with royalties as compensation for your work.
Costs and Platforms
There are numerous platforms available that allow you to effortlessly generate POD book files at no cost or for a low price. Examples of these platforms include Canva, Reedsy, and the BookBolt Studio.
Listing your titles with leading POD bookseller platforms like Amazon Kindle Direct Publishing (KDP), Lulu, and IngramSpark is completely free. You only incur printing and shipping costs when a book is purchased, eliminating any upfront print fees associated with this side hustle concept.
20. Sell Products Using Retail Arbitrage
If you love finding great deals and aren’t afraid to do some price comparison, retail arbitrage could be the perfect side gig for you.
With retail arbitrage, you can purchase clearance and discounted items from brick-and-mortar stores and resell them online at a higher price. By taking advantage of local sales and comparing prices on popular online marketplaces like Amazon and WalMart.com, you can turn this side hustle into a lucrative source of income.
All it takes is a little investment in purchasing goods upfront to start making serious cash. So if you have an eye for bargains and are willing to put in the effort, try retail arbitrage!
Costs and Platforms
Engaging in retail arbitrage as a side hustle entails investing money and time. You must purchase and ship products, visit stores, and compare prices.
However, price checker apps like Amazon Seller App, Profit Bandit, and Scoutly are free or available at low costs. These apps will assist you in making informed purchases by providing valuable price information.
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Side Hustles to Avoid
Many of these opportunities demand significant investments of time and money without guaranteeing substantial returns unless you’re fully committed.
Be cautious and watch out for certain red flags when evaluating potential side hustle ventures and gig work.
Hustles That Require Licensing or Certification
Ideas frequently recommended include salon services, real estate sales, and certified accounting and tax preparation services. While these industries can be highly lucrative, it’s important to note that they require specific education and licensing or certification.
In most states, obtaining the necessary qualifications can involve a significant financial investment ranging from $500 to $10,000 or more for initial education expenses and ongoing licensing fees.
This investment may be worthwhile if you aspire to pursue a long-term career in these fields. However, if your goal is simply to earn some extra money on the side, it’s important to consider the substantial time commitment and costs involved with no guaranteed returns.
Multilevel Marketing (MLM) Schemes
MLM companies possess the expertise to persuade individuals into believing that easy money and significant profit potential are within reach. While it’s true that many people succeed in this business model, conduct thorough research on the associated costs and product investment before jumping in. These expenses can be substantial, so carefully examining the sales and profit model becomes essential.
In most scenarios, profit heavily relies on building a large team of downstream salespeople. This endeavor demands continuous dedication of time and effort. An MLM side hustle might suit you well if you thrive in high-pressure sales.
However, if such circumstances don’t align with your preferences, there’s a risk of accumulating unsold items without any profits to show for them.
Remember that success in MLM requires careful consideration of all aspects before making any commitments or investments.
Coaching Programs
It’s inevitable that you’ll come across coaching programs that boast about massive profits and guarantee fast success.
These skilled marketers excel at persuading you to shell out hundreds or even thousands of dollars for their supposedly foolproof systems. While some coaching programs offer valuable techniques and advice, none can magically lead to instant wealth.
Before investing in any coaching program, take advantage of the abundant resources on YouTube, Google, and Kindle Unlimited. Explore free videos, how-to articles, and e-books related to the specific side hustle ideas that intrigue you.
In most cases, you’ll find abundant free information that can assist in launching and expanding your side hustle venture.
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FAQs
How Do I Start?
Determine a talent, service, or merchandise. Then devise a strategy for reaching prospective customers or purchasers.
This might entail establishing an online presence through a website and social media channels to promote your side gig or joining gig platforms that facilitate connections with potential clients.
You’ll require a platform that aids in managing services or orders and processing payments. Examples include Square, PayPal Zettle, Shopify, or WordPress integrated with WooCommerce.
What Is the Best Business Structure?
Your company’s most suitable business structure will ultimately depend on the type of organization you establish, the industry you operate in, and your desired objectives. However, a successful business structure enables your company to establish attainable goals and effectively execute assigned responsibilities.
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Bottom Line
Engaging in side gigs can be a lucrative way to supplement your income, pursue your passions, or even start a new venture during your free time.
Given the abundance of opportunities available, exploring various options and assessing which ones align with your skills, objectives, financial resources, and availability is advisable. It’s important to note that despite what savvy marketers and coaches may suggest, no side hustle guarantees instant success or overnight wealth.
A side gig requires dedication, commitment, and persistence, like running any business endeavor. However, when approached strategically and diligently executed upon completion, it can yield significant profits and growth potential, potentially evolving into a full-time pursuit.
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The information provided in this article is for informational purposes only and is not intended to be financial advice. It is crucial to make investment decisions based on your own research and judgment. We do not endorse or guarantee the accuracy of any information provided in this content. We may earn a commission if you make a purchase through one of the links. McClatchy newsrooms were not involved in the creation of this content.
Ahad Waseem is a business, blockchain, and cybersecurity writer who often takes on art, politics, and economics too. As a linguistic engineer who writes to solve problems, he’s written for various tech and business publications. When he’s not writing, he’s probably on horseback, caring for his houseplants, or training Bonsai trees. He can be reached at [email protected]. McClatchy’s newsrooms were not involved in the creation of this content. We may earn a commission if you make a purchase through one of our links.