Would you like to make extra money on top of your main job?
Well look no further as today I am going to show you 7 side hustles you could do to potentially earn a lot of money.
First of all what is a side hustle? This is any activity done outside of your day job to earn extra money. Not all side hustles will be suitable to you as some require specific skills.
However there are plenty and looking past part time jobs and filling out surveys. Instead, see a side hustle as a road to entrepreneurship, area for professional growth, and a way to earn additional income in your spare time.
1. Affiliate Marketing
Affiliate marketing is a marketing arrangement by which an online retailer pays commission to an external website for traffic or sales generated from its referrals. Doing this you can make money whenever someone buys a product through a link you promote meaning the earning potential is unlimited if you get your link in front of the right people.
2. Renting Income
This a legitimate and easy side hustle if you have the resources which is basically a roof over you head and a spare room. 54% of people who own their own homes said that would be open to renting it out. Renting out homes is a popular side hustle already. However, renting out your own home is something not everyone does. If you have a spare bedroom you could easily be getting a few hundred pounds every month on top of your current income.
If your renting you may need to check your agreement because this would be considered subletting and in some cases this is illegal. But if you are a home owner, you got a spare room, you are strapped for cash. Why not open your doors to someone as long as there is not a serial killer. You can rent it while you are away on holiday perhaps or even to production studios for movies.
3. Starting an E-commerce Store
Starting your own online store is a good way to earn extra bucks. You can do it through readymade websites already. However, to maximise profits if you have your own website that would be ideal and should allow you to keep more profits to yourself. If you have a desire to exceed and a strong work ethic you will be fine especially as there are many tools available to help you already.
If you’re ready to create an online shop now and want to do it hassle free check out our E-commerce design package. That is designed to help you start selling quickly and focusing on your business while we take care of your website and techy bits. Click here to check it out.
4. Test preparation
If you have studied before and are good at studying and preparing for exams you can sell your existing notes to new students. This requires little effort because you have the notes already and you’ve mastered the tools of studying for exams. This side hustle is becoming increasingly popular. Education is a business and will always be in demand.
5. Online tutor
Online tutors can make between £15 – £50 an hour and upwards in many cases, providing information that they already know. Even if you are a recent graduate you can be helping somebody trying to get there as well. With enough clients this can become very lucrative.
One of the most popular demands at the moment is teaching English to children over seas. Time zone differences also positively come into play as your evening is the daytime for other time zones making this perfect for doing in the evening after work.
This does require a genuine interest in the subject or skill to teach as well as time and research. However, the likelihood is there will be topics you will be well versed in just from previous experience especially compared to the general public.
6. Virtual Assistant/Consulting
Almost anybody can do this especially if you do administrative duties in your day job. A lot of virtual assistants already do this on the side. Taking the skills, you use in your day to day job and using them for extra work is very beneficial. All you need to do is market them.
You can also specialise with consulting within specific fields as well for example if you are good at editing or have a background in cameras for example you can focus on those things as key selling points. The great thing about being a virtual assistant or consultant is it is something you’re already good at and people always need support. Just be sure to avoid crossing over data and GDPR breaches.
7. Social Media Manager
This is my personal favourite! If you understand social media and are active on Instagram, Facebook etc this may be the ideal role for you. It is a thriving business industry and doesn’t take up a lot of time.
Social media management involves simple easy things such as scheduling posts, writing blogs, content creation, taking pictures and growing pages. If you feel this is for you then you should give it a go.
You will need to be organised, have an eye for detail and professional you have the skills to do this. There are already built in analytics on most big platforms to help you easily track your progress and you can even try this on your own Instagram account first by changing it to a business account for free. You only need 100 followers to unlock these features.
Job postings for social media managers has gone up over 1000% on recruitment platforms in the last 10 years, so now is the best time to get involved.
You are now more educated. What’s next?
As they say there is no time like the present. Check our packages to see which one suits your side hustle best.