The average side hustle earns Americans a little over $1,100 a month.
Would an extra $1,100 a month help with your finances? If so, these 5 side hustles are a good place to start.
What Is a Side Hustle?
A side hustle is something you do to earn money outside of your main job. Or it could be something you do on the side as a full-time student.
The best side hustles let you earn extra money doing something you enjoy in your spare time.
Important Factors to Consider
There are important factors to think about when considering side hustle ideas:
- Is it something you’re interested in?
- Does the side hustle have any conflicts of interest with your day job?
- Can you set aside enough time?
You need to have the time, money, and interest and you shouldn’t risk your main job to get started. Although if you don’t have the money, that doesn’t have to stop you. This guide explains how you can get some start-up cash, even if your credit isn’t great.
These 5 side hustles are a good place to start.
1. Side hustle-Freelance Writing
One of the easiest online side hustles to get started is freelance writing. There are millions of websites constantly looking for fresh content and plenty of companies providing it.
Those companies hire freelance writers to create that content. You can earn a few hundred or even a few thousand dollars a month.
2. Side hustle-Affiliate Marketing
Affiliate marketing is when a company pays you a commission for any sales you refer. Amazon’s affiliate program is one of the best known and most popular.
If you build a website about a particular topic, you can promote things sold on Amazon related to that market. Whenever someone buys after clicking your link, you get a cut of the sale.
3. Become an Influencer
Instagram is one of the most popular platforms for influencers but you can make it work on Twitter, Snapchat, YouTube, and many other social networks.
Being an influencer is a little bit like affiliate marketing in that you get paid to promote other company’s products and services. The difference here is they pay you upfront to get access to your followers.
4. Sell Information Products
Everybody knows something that someone else wants to learn. If you can write an ebook, record an audio training, or record a video series to teach other people what you know, you can sell that information.
You only have to know more than your audience. If you have an intermediate level of knowledge, teach beginners.
5. Part-Time Job
The most old-school side hustle is a traditional part-time job. Find a job that you can work outside of your day job hours and doesn’t conflict with that other work.
This is the least scalable option since you can only earn as much as you have hours to work but it needs less up-front work than most of the side hustles on this list.
Plenty of Side Hustles to Choose From
There are a virtually unlimited number of side hustles you can start to earn extra money. The options on this list are some of the most effective but think about what knowledge or skill you have.
Chance are good that someone else is willing to pay you for them. You simply have to find those buyers.
Was this post helpful? Be sure to check out the rest of our blog for more articles about earning some income on the side.