In today’s world, side hustles are a common thing. Fortunately, you don’t have to quit your full-time job to start making money on the side.
A side hustle is any money-making venture you undertake to earn extra money. Away from your typical day job; this provides a supplemental income without necessarily becoming your primary source of cash.
If you want to make a few extra coins, here are some of the hustle ideas you could engage in.
1. Drive for Lyft or Uber
If you have some extra time on the weekend or in the evening after your 9-5 job, you can drive for cab services like Uber or Lyft. This is a perfect side hustle for people who enjoy driving around and have that extra time.
The rideshare services are ideal because drivers can create their own schedule and make cash during times that work best. Therefore, it’s flexible, and you only work during periods you want to. If you live in a city where cab services are popular, this is a good side hustle.
To work for these brands, you have to meet the conditions and requirements set in place for the drivers and vehicles. These requirements will always vary depending on the specific company and city you are operating in.
2. Freelance Writing
As a good writer, you can make some extra money on the side as a freelancer. Freelance writers get jobs on short contracts depending on their niche area. You can write for a news outlet, websites, blogs, or advertising companies.
While some people do freelance writing as a full-time job, it’s an excellent option to supplement your income. You can get clients from sites such as Upwork, which also helps you build your work portfolio if you want to get high-paying clients.
Several start-ups require website content. Most of these jobs will provide a deadline that you have to meet; therefore, you can use your free time to draft work and deliver within the set timeline. These jobs also don’t require a lot of capital to start. With a stable internet connection and a laptop, you can make some extra cash in the evening or during your work breaks.
3. Start a Blog
If you are more focused on a longer-term side hustle, starting a blog is an excellent option. You might not make the cash right away, but if you specialize in delivering value for your target audience, you could build a source for a passive income.
A blog is easy to build with a few hours of work each week. First, you’ll need to decide on a niche and ensure you post great content and consistently. Blogging is also more manageable because you can create the content in advance and schedule it for posting at a specific time.
To be profitable in this side hustle, you can use some tools, including paid advertising or affiliate marketing. Once you build a brand your audience trusts, you can connect more easily and improve traffic to make money. The downside to this side venture is that you might have to work for some time before you start making a profit.
4. Tutor Online
Are you an expert in a particular subject? As the world shifts more to digital channels and platforms, you can use your expertise to tutor people over Zoom or Skype and earn money. Tutoring pays per session or hourly, depending on the platform or service.
For instance, you could teach a language if you are in a different country. You can combine some one-on-one classes and group classes to make extra cash.
5. Manage Social Media for Businesses
If you are an expert in digital marketing, you can use your skills to manage social media for smaller businesses. Every start-up or business requires a social media manager to help them constantly post on Instagram, TikTok, Twitter, Facebook, or YouTube. You can contact smaller companies in your city and offer these services at a monthly fee.
6. Become a Virtual Assistant
Some side hustles, such as virtual assistants, are typically in high demand. A virtual assistant works remotely and helps with office tasks such as administration, customer service, social media, and more. Business owners are constantly looking for virtual assistants who can handle such projects from anywhere.
These types of jobs also allow you to pick your working hours. You can also either specialize in one area, such as social media, or offer various services depending on your areas of expertise. In most cases, the higher your skillset, the better your income.
Sites such as Upwork have jobs that allow you to pick your own clients and set hours and rates according to the arrangement with the client. If you have extra time and are good at administration, this is a good place to start.
7. Rent Your Space on Airbnb
Airbnb is a great source of income for individuals who want to earn a passive income without using so much of their time. You can choose to either rent out a spare room or your entire house if you are rarely home and create an extra income on the side.
Unlike other facilities, the Airbnb service allows you to get paid before the guests’ check-in, which is essential in avoiding scams. If you have extra space, register it on the app and start making some money!
8. Sell Services on Fiverr
As a freelancer, you can also sell your services such as writing, photography, and web designing on Fiverr. This platform works as a marketplace where you can sell any service. If you want to join the gig economy, you can post your services and rate and wait for clients to reach out.
Although the services can be as low as $5, you can make a 6 figure revenue annually as your brand grows and you get more clients. To earn money from this side hustle, you also need to provide valuable services that easily attract clients.
9. Create Online Courses
Websites such as Udemy and Teachable make it possible to create online courses and make money. If you are specialized in a particular profession, you can create courses on these platforms and earn a side revenue when people buy them. You can also determine the price for each class depending on your industry and the market rate.
10. Walk or Babysit Pets
If you love pets and live in a neighborhood, you can provide pet services. You can start by creating some flyers to advertise your services to the residents. These can range from dog walks, pet daycare, grooming services, or overnight stays.
Some of these services are flexible and can be booked during your free time. It’s a fun way to hang out with pets while earning some extra money.
11. Become a Nanny or Babysit Kids
Apart from pets, you can also babysit kids. There are tons of websites where you can register to become a part-time nanny. In addition, you could post your services as an ad on social media sites to attract clients. This job can be flexible if you have set hours on the weekends and holidays to make cash.
12. Build Websites
As a professional website designer or developer, you can set up a side consultancy away from your 9-5 job. If you can design and build websites such as WordPress, it becomes easier to market yourself to small businesses that need a site for their products and services.
Since it’s a side hustle, you can agree on timelines with clients and use your free time to build the websites. To create your portfolio and clients, it’s advisable to deliver the best work, and you can use this to pitch for more work and slowly build your income.
13. Become a Personal Shopper
A lot of career people are too busy to run errands like shopping. In cities and large metropolitan areas, there’s a demand for personal shoppers. Some websites provide opportunities for individuals who want to provide this service. Once you identify a gap in your city, take advantage to earn more cash.
14. Become a Personal Trainer
If you are into fitness, you can train people who want to achieve their fitness goals or lose weight. In addition, you can curate meal plans and charge them as a separate service for your clients. The best thing about this service is that you can now do it digitally without having to meet all your clients one by one.
15. Affiliate Marketing
If you have a blog, affiliate marketing can be one of the ways to make extra cash. Once you’ve built an audience for your site, you can partner with brands and companies to add trackable affiliate links for their products and services on your site. When your customers purchase a product via this link, the company pays you a commission.
You can easily do this job without experience and a side hustle. It might take a while before you see results, but it can earn you cash in the long term.
16. Write Resumes
There are lots of people who can’t write a good resume. For instance, if you are in Human Resource Management, you might be well equipped to guide job seekers on how to package their professional experience. You can use LinkedIn and other job boards to advertise your services and reach more job seekers.
17. Provide Marketing Consultancy
As a marketing professional, you can build your side hustle based on your current profession. Using your experience from your full-time job, it becomes easier to offer the same services to other clients, among them social media, email marketing, and content creation.
You can find these clients on platforms such as Fiverr and Upwork, which allows you to get clients from anywhere in the world.
18. Deliver Food or Groceries
Delivery services are on the rise, especially since the pandemic started. To earn some extra cash, you can sign up to deliver for a particular company. There’s a high demand for online purchases; therefore, it’s a good side hustle if you have some free time to spare.
19. Complete Online Surveys
Online services may not bring in a lot of cash at once but are a good way to make some cash on the side. You can fill in some surveys during your free time or downtime and earn some money in minutes.
Why You Need a Digital Bank Account for Your Side Hustle
A side hustle can be a hobby, but it also brings in some money. This cash, like any other, also needs to be banked. One way to build your business is separating your personal and business accounts, which will help you grow your side hustle. Let’s examine why you need to open an account with a digital bank.
- Free Withdrawal Services
To withdraw your earnings, most digital banks don’t charge you extra fees. Therefore, you access the money you earn without fewer fees and penalties. They have free ATM withdrawals and wide coverage of ATM locations, making it easy to access your money.
- Mobile App Services
As you handle your side hustle, you need to track your earnings and transactions on the go. Digital banks don’t require you to go to a physical brick-and-mortar branch. Therefore, you can access your cash and monitor transactions on the go. This also makes it easy to link your payment services.
- Tax-Free Accounts
Some digital banks have tax-free savings accounts (TFSA) that you can use to grow your cash from your side hustle. If you are planning to expand your business or branch out into offering more services, you can save your money in such an account and keep it separate from your other personal checking accounts.
Some of these savings accounts also have a high APY % which is good if you want to grow your money. You can use this money to reinvest into the business when you need to expand.
- Financial Tools
Digital banks offer some business tools such as budgeting, tax, and accounting that you can use to track and manage cash from your side hustle. If you want to grow your side venture, you can use these simple tools, which are usually accessible via the mobile app or website, to manage your business better.
- Business Accounts
Apart from checking and savings accounts, some digital banks also have specific business accounts. As you build your side hustle, you can take advantage of the benefits that come with these accounts. If you start working with a dedicated account for your business from the start, it becomes easier to manage your cash flow as the brand grows and makes more money.
If you are looking to start a side hustle, there are tons of ideas that you can adopt. Before settling on one, you’ll need to determine whether it’s income-generating and whether you have the right experience to deliver the service. Luckily, there are so many options available, especially online.
Once you start earning, it’s also advisable to bank your cash. To get the best services, you can open an account with a digital bank. These Fintech companies don’t charge exorbitant fees like traditional banks and offer benefits that allow you to grow your cash and side hustle.