Side hustles are a great way to give your income a boost, as well as allowing you to explore new potential business opportunities and ideas. Side hustles require little to no upfront investments or significant time commitments, instead, they are designed to build up a recurring income stream upon which you can expand. There are many different types of side hustles which you can adopt, depending on the level of effort you’re willing to contribute.
Whether you want to reach a savings goal, have an upcoming event such as a wedding or holiday to pay off or want to just add a little more to your monthly income, side hustles are a great way to work towards a financial goal. Let’s take a look at 3 side hustle ideas you can use to make money.
There are so many forms of online investments which you can now use as a side hustle in an attempt to make more money. Although this method requires a little more in terms of initial research so that you know and are confident as to what to invest in as well as a chunk of initial investment money, this is a very popular way in which you can make money.
Whether it’s investing in stocks and shares or trading in cryptocurrency, there are a number of different avenues in which you can explore. People enjoy using online investments as a way of making some extra income as it’s very proactive, plus you also get to learn as you trade. If you are considering making online investments, particularly in cryptocurrency, then it is important to do your research before investing and know where your money is going.
Some investors choose to use a broker to trade on their behalf, but if you choose to do this it is important to ensure that you choose a regulated broker. A number of new and inexperienced brokers are regularly targeted in broker scams and lose their funds in the process.
Freelancing is one of the original side hustles and has been around for a number of years. With the expansion in digital investment for a number of businesses, more and more brands and companies are looking for people to write content, carry out web design work or manage social accounts for their online spaces.
A number of trades, such as mechanics, plumbers, engineers and decorators are also going freelance with the ability to do what it is they are good at alongside their day job, often being able to charge a higher rate especially if they work evenings and weekends. There are a number of freelancing websites where you can add your details, specific to your trade, and then you just sit back and wait for people to get in touch – it’s as easy as that!
Professionals often need help and assistance in getting their day to day tasks done, as well as general organising of their work or personal life. Many prefer for one person to handle this for them, as opposed to having to juggle it themselves, which is where a personal assistant comes in. From arranging meetings and lunches to even tasks such as collecting dry cleaning and dog walking, there can be a whole host of tasks that personal assistants can do – just ensure that you make clear what it is you’re happy to do for your fee.