With the unpredictability of today’s world, it helps greatly to have extra side hustles. Diversifying your sources of income increases your take-home pay. Should any unexpected work circumstances arise, you can rest assured that income doesn’t stop.
One in three Americans have a side hustle, and the number will only increase over time. If you want to get out of the rat race and start making your way towards complete financial freedom, side hustles might hold the key.
Side hustles give you a taste of entrepreneurship minus the risk. Taking side jobs is a great way to beat inflation while adding 10% to 30% to your take-home pay outside of your full-time job.
We’ve compiled a comprehensive list of popular side hustles that people can make serious money on. And don’t worry because most of these don’t require degrees or prior work experience.
Take Paid Surveys
One of the underrated side hustles most people don’t know is taking paid surveys. Big-time brands and companies would pay top dollar just to get a direct insight into how their consumers think.
With the data they can get from these surveys, these companies would have a definite guide on how to improve and market their products and services better. After all, great products and even greater marketing can mean double or triple the revenue.
To start taking paid surveys, you must sign up on reputable reward sites. Reward sites such as ZoomBucks and GrabPoints offer a wide selection of rewards such as cash, gift cards, virtual currencies, and premium items.
If you are an avid gamer, GCLoot rewards its members with rare skins and in-game items. By taking paid surveys on this site, you can easily save up on video gaming costs.
However, if cryptocurrency is more your style, then you are better off with FreeCryptoRewards (FCR). FCR aims to help people with extra time on their hands earn cryptocurrencies such as Bitcoin, Ethereum, and so many others for free. Enter the crypto market with a diverse portfolio without spending a single thing.
Master the Art of Affiliate Marketing
Billions of people go on Google every day. Thousands of searches are being made every second. Imagine harnessing that much power by becoming a middleman between a Google search and a purchase.
Affiliate marketing is perhaps the most lucrative side hustle of the 2020s.
To get started, you must first create a personal brand blog. Yes, this will take a lot of time and quite a bit of effort at first. You must also have a deep understanding of your audience and a frequent upload schedule.
Next, you would want to rank on Google by optimizing for keywords that have “best” in them. May it be writing about the best skin care products, best gaming laptops under $1000, or best NFT wallets, you can get lifetime earnings from affiliate revenue.
Join affiliate programs and start inserting affiliate links to your content. Optimize your posts to rank on Google and then, make passive income in an evergreen way every month.
Open a Coaching or Consulting Business
According to Statistica, the online education industry is valued at around $243 billion. Especially with the pandemic, people have been eager for online classes, online certifications, and remote work.
People with great knowledge and extensive experience on a certain topic have turned to online consultation as a profitable side hustle–and so could you!
Take the skills and knowledge you already have to help others and earn extra cash on the side. You can even get certified to build even more credibility among your potential clients.
People who enjoy solving problems and working with others often thrive in the online coaching industry.
You can charge hourly or monthly to create recurring revenue. Plus, you can start increasing your rates when you start to get more and more positive reviews and testimonials.
Build a Strong Following on Social Media
Relieve financial stress through social media. Making money online has never been easier with the help of social media. Kids as young as twelve years old have built successful brands and businesses through their massive following on different social media platforms.
If you like a fun side hustle that allows you to unleash your creativity, consider content creation and posting on YouTube, TikTok, and Instagram. Have fun as you grow your audience. Each platform can be an additional source of income as long as you’re passionate and know how to sell your content.
The Bottom Line
Having a side hustle or two is a fun way to expand your skill set and add excitement to your day-to-day. Plus, earning extra money every month can never hurt. It’s best to take your time to learn your interests, do your research, and examine each potential opportunity.
Choose the side hustle that best fits your schedule, life, and goals. Who knows, you might just be a few clicks away from success.