Millions of people are searching for side hustles that can make them earn extra income. Having a side hustle that can be done online or onsite are still beneficial to people who’re looking to earn extra. Most of them are looking for extra income so they can buy whatever they want without the need to hurt their budget.
If you are one of the million people who’re looking for an extra income, here’s 3 easy side hustles you can start today.
- Dropshipping
Dropshipping is an online business model where you can sell different types of products without doing the inventory. When a customer purchases from your store, you can order the items from third-party suppliers who then ship it directly to the customer’s address.
Sample:
- Store niche: Beauty Products
- Product: Lipstick
- Supplier price: $5
- Selling Price: $15
- Profit per sale: $10
If you are able to sell 100 lipsticks a month, you can earn an extra $1,000/month without touching the products or doing inventory since the third-party supplier will ship the product directly to the customer.
How to start?
- Create an Online Store – Use platforms such as Shopify, Woocommerce or create you own website where you can sell your products.
- Find a supplier – Look for trending products and find a reliable supplier that can ship you products directly to the customer such as Aliexpress/Alibaba.
- Add products to your store – Add products with descriptions, images, and pricing.
- Customer’s Order – Once a customer orders your product, you will receive the payment upfront.
- Send Customer’s order to Supplier – Once the supplier received the order, you will then pay the product at a wholesale price.
- Shipping – The supplier will send the product directly to the customer’s address.
- You earn a profit – Your earnings will then reflect in your account which you can withdraw anytime you want.
- Affiliate Marketing
Affiliate Marketing is promoting other people’s products or services in different ways. You will be provided a unique link that you can share to different platforms or social media. When someone purchases using your link, you will earn a commission.
Sample:
- Niche: Beauty and Wellness
- Affiliate Program: Amazon Associates
- Promoted Product: Slimming Tea ($100)
- Commission Rate: 5%
- Earnings per sale: $5
If 100 people purchase using your link in a month, you will earn $500/month. Simple and no need to do har selling. Just create ways to share your unique link and count your earnings right after setting-up your system.
How to start?
- Join an Affiliate Programs: Most brands offer an affiliate program to market their products. You can sign up to brands such as Nike, Samsung, Apple and other popular products. Amazon also offers an affiliate program called Amazon Associates. You can also sign up to Clickbanks or ShareASale.
- Choose a Product: Pick a product that you want to promote. Whether it is a physical product, digital product or services
- Get Your Affiliate Link: The brands/platforms you’ve signed up with will give you a unique link.
- Share Your Link: You can share you link in different ways such us on social media, YouTube, Email Marketing or in your blog site.
- Earn a Commission: Every time someone buys using your link, you will earn a commission depending on the commission rate given by the brands/platforms.
- Freelancing
Freelancing is offering services to clients or businesses as an independent contractor. You can work on short-term or long-term products and choose your own rates. You will have flexibility since you will be working according to your schedule. The task depends on the client’s needs, whether it is administrative, technical or customer relations.
Sample:
- Services You offers: Social Media Management
- Platform Used: Upwork
- Rate per hour or per project: $10 – $50 per hour and payment per project varies on the scope of work
- Clients: 1
- Total Earnings per month: $1,600 – $8,000 per month. Earnings depend on the contract you have with the client.
How to Start?
- Choose a Skill: Whether it is in Web Development, Social Media Management, Writing, Graphic Designing, Video Editing, etc.
- Portfolio Creation: Create a portfolio that showcases your skills and includes samples and ideas that the clients are looking for.
- Find Clients: You may sign to different freelancing platforms such as Upwork, Fiverr and Freelancer.
- Set Your Rates:You may charge the clients according to the platform’s policy. Whether it is on an hourly basis or per project.
- Do The Job and Get Paid: Complete the tasks and send it to clients and receive payments thru PayPal, Payoneer, or direct to you bank account.
Note: You need to be consistent on what you’re doing to see results. You may fail numerous times in doing any business or in looking for an extra income. But consistency will pay off if you don’t give up. This type of side hustle can be done remotely without the need to go to any office. Since this type of side hustle can be done online, you can work anywhere. This type of side hustle can also become your main source of income as you can earn more than office jobs since your earnings depend on your consistency and skills.
Finding a side hustle can be difficult but if you will be consistent and willing to allocate much time and effort on this type of side hustle, you can earn more than what you are earning today. And you can leave your 9-5 jobs and work anywhere you want while enjoying financial freedom.