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9 Top-Paying Side Hustles That Can Pay Full-Time Incomes – Money Talks News

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Got a passion you want to pursue? Or want to break out of the 9-to-5 routine, be your own boss and achieve your ideal work-life balance? A side hustle might be just the ticket.

“While earning …….

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Got a passion you want to pursue? Or want to break out of the 9-to-5 routine, be your own boss and achieve your ideal work-life balance? A side hustle might be just the ticket.

“While earning potential varies greatly based on factors like your work experience, career field and industry, there are high-paying side jobs that make it possible to earn as much as or more than a full-time role,” writes Toni Frana, career services manager at FlexJobs, in an email to Money Talks News.

As of July 2022, the median wage for full-time workers is just more than $1,000 weekly, according to the U.S. Bureau of Labor Statistics. Some side-hustlers say they earn at least that or much more working just 10 to 15 hours a week — once their gig takes off.

Remember, though, gigs generally do not offer traditional employment benefits such as health insurance and paid time off or sick leave.

Side gigs — also known as side hustles or freelance work — come in all shapes and sizes, Frana says. Before you jump in, do a self-audit to determine how much time you truly have available so you can avoid over-scheduling and realistically estimate how much you can expect to earn, she advises.

The following examples have the potential for you to earn around $50,000 or more — even millions — annually, but it might take 40 hours a week or more, especially as you get started.

1. Influencer

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If you’ve got people following you on social media, you might be an influencer already. You can get paid for swaying your community of followers to purchase products or services you promote on a blog, podcast, YouTube channel, Instagram, TikTok or just about any social media.

TikTok gets a lot of attention as the home of short videos earning content creators millions of dollars through brand partnerships.

“That’s where the big money is now,” says Michael Kahn, who launched the website MK Library in 2016 to highlight various aspects of travel, food and life.

“You don’t need a ginormous audience to make money,” Kahn tells Money Talks News. “Create captivating, authentic video and photo content showing how you’re using a product in your life and you’ll have all sorts of companies in no time offering you enough money for generous income with part-time hours.”

So-called micro-influencers with 10,000 to 50,000 followers can make $40,000 to $100,000 a year, the co-founder of influencer agency Viral Nation told Vox Media. Celebrities make way more.

Content creators work with influencer agencies to connect them with brands. For example, a popular yogurt brand recently offered $3,000 to parent influencers who posted videos …….

Source: https://www.moneytalksnews.com/slideshows/top-paying-side-hustles-where-you-could-earn-more-than-full-time-work/

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