Whether you are working and looking for the way into building your own business and being able to leave work, or whether you are an entrepreneur looking for some extra gigs, side hustles are a great way of generating additional income streams, and not keeping all your eggs in one basket so to speak. Side hustles are so called as they fit neatly around other commitments, like the day job, but can offer a valuable financial boost, so here are ten ideas to get you started.
1. Sell on eBay
Nice and simple, you can either sell your unwanted items on eBay, or you can build a shop, buying wholesale and selling at a profit. The key to getting sales are quality descriptions, keywords in the title and high-quality photographs. Keep backgrounds white and only show the item, not other random things that happen to be in the shot. Be sure to look at commission structures and the cost of post and packaging and these can drain your profits, but the upside is you can sell pretty much anything as there is a category for most things.
2. Online Tutoring
If you have a degree or equivalent level of education, you will find there is a demand for online tutors. There are several sites that will help you match with potential pupils but remember that they will want a commission in return. You can set this up on your own if you are confident, and there are a range of platforms available that let you live chat, with video. You can either teach your subject or look into English as a foreign language, as this is always in demand.
3. Be a Domestic Goddess
If you have some spare hours and are looking to fill them, why not consider domestic duties. Whether you offer a collection and return service for ironing, or are happy to visit people and clean for them, there is money to be made in taking away these hated chores from other stressed workers. If you have green fingers, this could equally apply to gardening. A great way to get your exercise and make some extra money is to offer a dog walking service. Be sure to look into insurances for public liability.
Another favourite way to bring in an extra income stream, if you have a spare room, is to register on airbnb.com. Here you will find travellers passing through that are looking for a place for the night or a few nights. It is up to you to set the rules of who you are happy to host, but savvy folk have managed to get their whole mortgage paid each month thanks to this website. There are other sites that run in a similar way so consider registering on all of them.
5. Rent Your Driveway
If you live near a big hospital or near a busy town your driveway could be a potential goldmine. If you have the space, consider renting out your driveway, even better still if you can offer unsociable hours, as places like hospitals often do not have enough staff parking provision, and night workers and shift workers are always on the lookout for places to park. Just remember to make visitors aware, as you cannot charge and then have the space in use when they turn up.
6. Become a Landlord
A tale as old as time, being a landlord is an easy way to boost your annual income. If you can afford to have a second property, you have the basis of a great side hustle. Hand the day to day running to an agency and sit back and watch the passive income roll in. If you are in the market for a property to start this off, student lets are always in demand if you live in a university town or city.
7. Be an Extra
This one is a little bit location dependent, as you do not want to negate your fee by travelling for hours. However, bigger cities are almost certainly going to have various films and television shows being shot, and there are a number of websites that help you find these opportunities. Extras are needed in all age groups, male and female, so do not be put off looking.
8. Write for Money
Writing for money is another great idea. Businesses, large and small, often outsource writing, and freelancers tend to be cheaper than using another company. Blogging is perhaps the most popular job that gets outsourced, but people also look for book writing and web content. Again there are freelance sites like Fiverr and Freelancer that can help you get started.
9. MLM Sales
You will be aware of several MLM companies operating at the moment, if you are not sure then we are talking about things like JuicePlus, Avon, Aloe Vera and many others. You are basically a sales rep for another company and earn a commission on the items that you sell. Often bad mouthed as pyramid schemes, as long as you are aware of how they operate you should be fine. Some will push you to create teams of your own, which in turn earns you more money so might be of interest. Alternatively many will let you sit as a sales rep and just make your own commission. You will need to be outgoing and bold and not afraid of repeating your message over and over, but there is money to be made.
10. Create an App
So this probably requires some upskilling for most people, but mobile apps are huge and do not show any signs of becoming less popular. In fact, this is a growth market. Being an app developer means you get paid even if the app is not a big seller. The person who came up with the idea will make payment on completion of their app. If you have the skill to create apps, then you can also use it to make your own and hope you hit a really popular niche.