~ 10 Minute Read
Side hustles have risen in popularity in recent years, and for good reason. The days of working the same job for 30 years and retiring with a pension are long gone. This means that to make money in this economy we have to become more creative in our ways to earn an income.
Thankfully, the rise of the internet and e-commerce has opened up side hustle opportunities that didn’t exist a few short years ago. For those of you willing to put yourself out there, a side hustle will not only help you make extra money, but will help build new skillsets and make new connections along the way. And you never know, this may lead to new lucrative business opportunities.
Here are my favorite side hustles going that are pretty easy to start. Some can even be started today!
1. Affiliate Marketing
Of course I’m going to include affiliate marketing in my list of the best side hustles. Affiliate marketing has allowed me to quit my job and work from home full-time, which I am grateful for to this day. I’ve been lucky enough to earn over 200k from affiliate marketing and I think almost anyone can make several hundred dollars a month with this opportunity.
While I’ve built websites that earn money through affiliate marketing, this is not the only way to make some money in this arena. Promoting products that you use on social media is a great way to earn some affiliate income.
Side Hustle Idea: Make a short video about a product you regularly use on your personal Facebook page and include an affiliate link to the product.
2. Amazon FBA – Retail Arbitrage
There are two main ways to make money through Amazon FBA. The first is to source products on sites like Alibaba and create a private label brand, and the other is to find products on deep discount at retail stores and then resell them for more money on Amazon.
For the purpose of a side hustle I’m going to focus on the second, as private labeling is more intensive and is beyond the scope of a side hustle in my opinion.
Retail arbitrage simply means to buy something that is selling for cheap in one location and then sell it for a higher price in another location. While Amazon often touts that it has the best prices, that is not always the case. In fact, there are families who have made the habit of buying things for cheap to resell on Amazon their full-time job.
To get started you’ll need to obtain a seller account from Amazon. Be sure to follow Amazon’s seller rules and set everything up before trying to find products to buy.
Side Hustle Tip: Discount grocery stores are a great place to source retail arbitrage products. Be sure to check expiration dates to make sure they meet Amazon’s guidelines.
3. Drive For Uber/Lyft
Its no secret that Uber (and Lyft) have disrupted the taxi industry in a big way. Now anyone with a license and a clean background can get to driving for either one of these companies right away. The best part about this opportunity is that you have total flexibility over the hours you work. So for those who already have a full-time job this may be a great side hustle choice.
Driving for these companies won’t make you rich, but it will make you some money. You’ll also run into people who may be able to help you build a career or start a business, so be sure to be friendly and take an interest in your passengers. In my opinion, building these connections is the most important aspect of driving for one of these companies.
Side Hustle Tip: Be sure to keep your vehicle clean before checking in to drive. Also, have pepper spray available in the rare event that you have an unruly rider.
Do you have an extra bedroom, or a guest space that is empty most of the year? If so, consider short-term renting through AirBnB. Personally, AirBnB is one of my favorite internet creations, and I’ve loved staying in other people’s homes all over the country. It is nice to meet your hosts and staying in a residence feels much less formal than a hotel, which I like.
Side Hustle Idea: If you have a unique space available, like a house boat, this makes a great rental as people like to stay in novel places.
5. Manage Small Business Social Media Accounts
Social media marketing and advertising is crucial to business success. The truth is that many small businesses don’t have the time to learn how to use social media advertising effectively. Once you have a solid grasp on how to use social media advertising platforms you can sell your services to these small businesses for a fee.
The nice thing about this opportunity is you can build up your client list to the point where this could become your full-time gig.
Side Hustle Tip: Reach out and call local businesses to enquire about there desire to advertise on social media and explain how you can help increase their revenues.
6. Become a Freelancer
The gig economy has grown tremendously over the last five years. I’ve used freelancers to help me with everything from writing content to design entire websites. If you have a skill that is desirable to individuals or businesses sell those skills on sites like Fiverr and Upwork.
Some popular skills that are offered on these sites include graphic design, content writing, SEO, web design, coding, and marketing. Think about what skills you have and how you could sell those on these marketplaces.
Side Hustle Tip: When starting out, offer your services for a low price (or free) to obtain reviews and build a good reputation as a freelancer. After building this reputation you can raise your prices accordingly.
7. Become a Lender
There’s a reason that there are banks, they help provide capital to individuals and business and it is a very lucrative business model. Lend money, sit back and collect on the interest.
Thanks to the internet there are now marketplaces where you can act as a mini-bank. Sites like Lending Club and Prosper. Returns on your investment will depend on the credit history of the borrower, but can range anywhere from 5% to 12%.
Side Hustle Tip: Try to put some money in both low-risk and high-risk loans to maximize returns with minimum relative risk.
Teachers are some of the most underpaid professional workers in the United States. While I feel teachers should be paid more (along with most other employees), this is the current reality. For teachers and other instructors, tutoring offers an additional way to make some extra cash.
Tutors can easily make $15 per hour, which can go up with experience as your client list grows.
Side Hustle Tip: Be sure to create a profile on care.com, but also don’t be afraid to advertise at your local schools and job boards.
9. Start a Youtube Channel
Youtube is a great place for free content, and has helped me on many occasions learn a new skill thanks to a quality how-to video. You can easily put together some decent videos with your smart phone and a simple video editing program like iMovie.
While you probably won’t be the next Rhett and Link, you can make some extra cash with some how-to videos of your own. If you are the creative type you can also consider creating some more entertainment content that may lead to a substantial following down the road.
Side Hustle Tip: Youtube is not a get-rich quick scheme. You must post good content regularly to build up your subscribers, which will help you generate more income from advertisements.
10. Complete Tasks on Task Rabbit
For readers who are handy or able to complete simple task accurately and efficiently, Task Rabbit is worth looking into for a side hustle. Task Rabbit matches people who need task completed with those offering these services.
Tasks can range from delivery, furniture assembly, TV mounting, yard word, and even painting. If you are like me and spend a lot of your time behind a computer screen, then doing some physical labor can be a nice change of pace.
Side Hustle Tip: Be friendly to those you provide services to, communication skills will be just as important as your ability to complete the tasks in this type of work.
What do you think of the list? Did I miss some good side hustles that you’ve found success with? Let me know in the comments.
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