Are you looking for ways to earn extra money in 2023? Do you want ideas for a side business you can run from home? Look no further!
What is a side hustle?
A side hustle is a way to make extra money alongside your regular job. It could be a part-time job or a side business to supplement your income. For example, if you work as a fitness trainer full-time, you could also start a website to offer personalized fitness consultations as a side hustle.
Whether you want to replace your main job or just need some financial flexibility, starting a side hustle can be a good option.
In this post, you’ll find:
- – Top 9 easy side hustles to make money
- – Frequently asked questions about side hustles
- – The best ways to make money from each of the top 9 side hustles, and more
Let’s dive into the details!
Top 9 Side Hustle Ideas To Make Over $1000 Per Month
1. Start a Blog
If you’re looking for a proven way to make money and want to work from home, starting a blog is a great choice. It’s easy to set up, and you can share your ideas with the world. Choose a topic you’re passionate about, pick a profitable niche (like fashion or food), select a blogging platform (like self-hosted WordPress), and start writing.
You can make money through various avenues, and your earnings depend on your experience and audience.
2. Create a YouTube Channel
Starting a YouTube channel is an excellent way to build an online presence and turn your passion into income. Whether it’s vlogging, gaming, or cooking, you can find an audience for your content.
Creating a channel is simple—all you need is a Google account. You can make money through advertising revenue or sponsorships, and your earnings depend on factors like video views, audience demographics, and monetization strategies.
3. Start Dropshipping
If you want to sell products without dealing with inventory, dropshipping is a great option. You act as a middleman, earning a commission for each product you sell. It’s a low-risk way to start an online store with minimal upfront investment.
Choose products with high demand and low competition, find a reliable dropshipping supplier, list your items on eCommerce platforms like Shopify, and promote your business to generate sales. Earnings vary based on the products you sell and other factors.
These are just three of the side hustle ideas for 2024. Explore the post for more options and details on how to get started with each side hustle.
4. Become a Virtual Assistant
Becoming a virtual assistant might seem challenging, but it’s worth considering because there’s a high demand for virtual assistants in various industries.
As a virtual assistant (VA), your tasks may include:
- – Correcting grammar
- – Managing blogs, such as uploading posts to WordPress, removing harmful backlinks, handling spam comments, etc.
- – Uploading videos to YouTube
- – Managing social media accounts
Benefits of being a VA:
- – You can work from anywhere.
- – Your income depends on the tasks you perform, and there’s potential for high earnings.
- – You can learn a lot from your clients, which can help you start your own business.
Where to find VA jobs:
- – Social media sites like Facebook groups, Twitter, and LinkedIn
- – Job platforms like FlexJobs
- – Create your own website to promote your VA services
Earnings as a VA:
- – Newbie VAs often charge $15 to $20 per hour.
- – Experienced VAs can charge $50 to $100 per hour.
5. Offer Freelancing Services
Many businesses want an online presence but lack the time or expertise to build and maintain a website. Freelancers can fill this gap by providing valuable services.
Freelance services in high demand in 2024:
- – Writing
- – Web design
- – SEO services (link building, keyword research, paid ads, etc.)
- – Social media management
Top freelance platforms:
- – Upwork
- – Fiverr
- – Guru
- – People Per Hour
Earnings from freelancing:
- – Beginners earn $20 to $40 per hour.
- – Experienced freelancers earn $50 to $100 or more per hour.
6. Sell Information Products Online
If you have knowledge or expertise in a specific area, consider selling information products online. These are digital products that provide helpful information to solve a particular problem.
Types of info products:
- – eBooks, checklists, etc.
- – How-to guides and tutorials
- – Online courses
- – Video tutorials
Platforms to sell info products:
- – Shopify
- – Your own website
- – Amazon
- – Udemy, Skillshare, etc.
Earnings from selling info products:
- – $5 to $5,000 or more.
- – Starting small, getting feedback, and improving products can lead to long-term income growth.
7. Teach English Online
If you’re a native English speaker and enjoy teaching, consider teaching English online, especially if you have a relevant degree or certification.
Best platforms for online tutoring:
- – Preply
- – QKids
- – Skooli
Earnings from teaching English online:
- – Hourly rates range from $30 to $50, potentially up to $100 based on qualifications and experience.
8. Become a Social Media Manager
If you have social media management experience, explore social media manager jobs. Responsibilities include creating and managing a business or website’s social media presence.
Tasks as a social media manager:
- – Managing comments on posts
- – Creating and scheduling engaging posts
- – Promoting products for social media awareness
Where to find social media management jobs:
- – Upwork
- – Indeed
- – People Per Hour
Earnings from social media management:
- – Hourly earnings range from $15 to $50, depending on experience.
- – Some charge per project, ranging from $1000 to $1500 per month.
9. Become a Crypto Trader
Crypto trading involves buying and selling cryptocurrencies, like Bitcoin and Ethereum, to profit from market fluctuations. It requires a significant learning curve and involves high risk.
How to start crypto trading:
- – Register with a crypto exchange (e.g., Binance or Coinbase).
- – Take courses on platforms like Udemy to learn the basics.
Earnings from crypto trading:
- – Varied, ranging from hundreds to thousands of dollars monthly.
- – Potential for substantial profits, but it involves risk and a learning process.
Remember, each side hustle has its challenges and rewards, so choose one that aligns with your skills and interests.