skyjames 2) 10 Best Side Hustle Ideas to Make an Extra $1,000 a Month
10 Best Side Hustle Ideas to Make an Extra $1,000 a Month
Money. Who couldn’t use a little bit more of it? Whether you’re saving for a down payment, planning a wedding, trying to pay off debt – ugh, will those student loans ever go away? – or putting some money aside for a rainy day, a little extra money can go a long way. Your day job might help you pay for the essentials. But a side hustle from home, that’s the game-changer that’ll make a difference in your wallet while giving you the freedom you’ve always wanted. So, here are the best side hustles that’ll help you make more money.
1: Start a Dropshipping Business
Dropshipping is one of the best side hustle job ideas. It allows you to sell a product directly to the customer without having to buy any inventory. Why’s that great? You don’t need to have a big startup costs budget, keeping your risk low. The manufacturer not only carries the inventory but also ships it directly to the customer for you. Your main focus should be marketing and customer service – the lifeline of the business. If you have a strong marketing background and want a side hustle that plays to your strength, this is it. It’s one of the rare side jobs that allows you to scratch a true entrepreneurial itch. You get to be the owner of your very own business.
With dropshipping, you can start a business within any of your favorite passions. Do you love stocking your kitchen? You can sell kitchen equipment on the internet. Maybe you’ve found this unique solar-powered, smartphone-cooling accessory. You can start your own one product store and implement these store ideas.
2: Start a Wholesale Business
If you like the idea of running an online business but would prefer to be a little more hands on, starting an online store using wholesale could be perfect for you. This business model means you buy products in bulk at a lower price and then sell at a higher retail price to your customers.
Because you’re hands on with your products and suppliers, you’re able to keep a close eye on the quality of your products. Unlike dropshipping, you handle the packing and shipping, which means you don’t have deal with one of the downsides of dropshipping – the long shipping times. Instead you can take advantage of getting those products into happy customer hands faster.
3: Begin Freelancing
Does your 9 to 5 job pay fluctuate? If you don’t have a predictable income, you might need more money for some months and a little less others. If this sounds like you, you might choose to take up freelance gigs. These could be gigs that you create on Fiverr or the occasional freelance project on Upwork. You might create T-shirt mockups for a client one week and help someone build their social media following the next. The type of projects you work on could vary drastically. But if you love the variety and switching things up, this side hustle could be perfect for you.
How much money can you make with this side hustle job? You could make anywhere from $50 to $2,000 a month depending on the side gigs you take on and the platform you use. For example, if you’re looking to hit, say an extra $1,000 a month, freelance writing is a side hustle that can allow you to reach your second income goal.The secret to succeeding as a freelancer is to charge clients based on the value you’ll bring. Most freelance workers undercharge, which results in fast burnout with little payoff.
4: Moonlight as an Affiliate Marketer
Affiliate marketing is one of those side jobs that pay well over the long-term. However, you’ll need to go through a learning curve before you can start making money with affiliate marketing. It’s not just about finding the right product to sell, but also finding the right brand to partner with. . If you chose to be an affiliate marketer for ecommerce stores, your commission will likely be a lot lower than if you were to just dropship them yourself. However, there are tech companies that will pay a hefty price tag to affiliates who bring them new customers.
How much money can this side hustle make? It depends on what product you’re selling and what affiliate network you use. For example, if you were an affiliate marketer for a tech company like Shopify, you could potentially make an extra $58 for every merchant you refer. That means you could make over $500 with just 10 referrals. Sweet!
5: Launch a Print on Demand Store
If you like to make custom graphics and artwork in your free time, running a print on demand store could be a great side hustle for you.
Print on demand (or POD) allows you to sell your custom artwork on products like t-shirts, bags, phone cases, mugs, and more. The best part about it is that you can create and sell products under your own brand. Also, you can completely automate the logistics of the business by choosing to dropship your print on demand products. This is where you design products, add them to your store, promote them, and take orders from your customers. The orders are fulfilled by the print on demand company that prints your designs onto the products, then ships the items directly to the customer.
6: Start Blogging
Blogging is one of the best side hustle jobs to do from home, or anywhere else in the world. It allows you to build a personal brand while owning your own asset. You can even write about your passions. Starting a blog in aniche that you understand allows you to reach an audience who shares the exact same interest as you. Yoga, business, beauty, and cars are some popular niches for running a part-time blog. You can make money blogging in a few ways: adding affiliate links to your posts or linking to the online store where you sell dropshipping products.
How much money can you make trying a side hustle like this? In the beginning, you’ll make nothing. But some bloggers who stick it out past the first few years have made enough money to quit their job and do it full time.
7: Sell Information Products
If you’re looking for good side jobs to make money, selling information products might be the perfect option for you. This side hustle requires some research, invested time, and marketing skills for you to flourish. Are there topics that are really popular right now that you know a lot about? Did you find a popular topic that there isn’t enough information about? Monetize these opportunities by creating content around it. You can publish books on Amazon or sell courses to start earning.
8: Earn Passive Income as an Instagram Influencer
Growing up, most people dream of being famous. But the truth is, not everyone can sing or act. Fortunately, you can still build a personal brand around yourself based on what you can do. Maybe you have a really cool fashion sense or can bake an awesome cake. On Instagram, anyone can start a side hustle by becoming an influencer. If you don’t like the spotlight, that’s cool. You can build an Instagram following around your dog or your photography. You can monetize your Instagram account in a couple of ways: sponsored posts, Instagram takeovers, or selling a product on your website.
9: Become a Virtual Assistant
Top side hustles have one big thing in common: There’s a high demand for them. A virtual assistant is an assistant who works in a remote location, as opposed to a company’s office. They can help with tasks such as administration, social media, bookkeeping, and more. There’s been a growing demand for virtual assistants from business owners who need help on various projects. As a virtual assistant, you can specialize in countless areas. In the past, I’ve hired virtual assistants for social media and customer service. And there are countless other businesses around the world that rely on virtual assistants to grow and maintain their brands.
How much money can you make as a virtual assistant? Most virtual assistants trade their time for money, so you might get capped based on the number of hours of work you can do each week. You can choose to set a total monthly earning or get paid by the hour. Some make minimum wage while others might make $35 an hour depending on their skills and experience.
10: Polywork Through Selling Your Photography
If you have got a camera and some basic Photoshop skills, photography can become your side hustle. If you like taking pictures of your city, you can sell your photography to your local publications such as a city newspaper or blog. Sites like Foap allow you to sell your pictures on its platform, and you can earn money with every photo you sell. If you’d rather not make money with your pictures, you can add your photography to products like canvases, T-shirts, and phone cases to make even more money. And if that’s not enough, you can even seek clients to venture into wedding photography, pet photography, or product photography.
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