Top 10 Ideas for a Lucrative Side Hustle
Who doesn’t use a little more money? Money is a word that is absolutely in the mouth of everyone. I mean, even children talk about it. Everyone wants to have money. Have you taken your time to listen to children talk about money and what they want to achieve with it when they grow? I bet you wouldn’t miss the urge to ask them what they know about money? Well, their taste may change in the future, but whatever maybe, they would definitely need money to make their dream a colourful reality.
What about you? A little extra cash can go a very long way to settle certain financial issues in your life. Your day job may take care of all those things and even more. But when you add a side hustle to the portfolio, you may not imagine the difference it might make in your bank account. In short, a side hustle is now the gold we see. It has become the game-changer; everyone is ‘hustling’ to get something outside their day job.
You may ask what a side hustle is; it is not a bad question. A side hustle does not have an elaborate definition. It is simply another way of making money in addition to your day job. It brings extra dough into your wallet. With the money earned from your side hustle, you may not be the next billionaire, but I assure you that you could pursue your passion, purchase extra things you need, take care of your debt and most assuredly, eliminate your financial worries.
It might interest you to know that most 9 – 5 jobs do not take care of your bills, particularly if you are just a fresh graduate trying to build your career. There are so many things you need the bills to settle as someone just starting out. Your financial growth is not going to come in a twinkle of an eye. In short, you might end up exhausted at the end of the year. This is why you need a side hustle. The extra pat you give to your account balance is sure going to make you smile to the bank more frequently than you could imagine.
Are you short of side hustle ideas? Never mind, we are here just for you alone. Get on board, let’s drive you round some lucrative side hustle businesses that could leave you grateful for the remaining part of your life. Ready?
Wait! Before we take you there, you will need to know some skills to help you develop a successful side hustle. You cannot jump into the boat without learning how to rock against the wind. Below is a list of how to help you sail successfully.
How to Develop a Successful Side Hustle
Now that you have decided to pick up a side hustle, the following tips will get you informed better on what to do to successfully become a master game changer.
- Make a list of what you can do
You cannot venture into a business you have no passion for. You will get tired easily or get stuck along the way. Therefore, while making a list, put your day job into consideration. You need a side hustle that you could do outside your normal routine. But then, don’t forget that your passion must come into play here. Brainstorm on business ideas around your skills and interests and see if you can turn your hobby into a lucrative business.
- Find out if money is involved
Side hustles require money to start. However, they should not cost too much money. You may also require to make an upfront investment like learning more about the skills, branding, advertising as well as purchasing the tools required to kick start the hustle. You have to understand your growth expansion plans and spend accordingly. As time progresses, measure your success against your growth and financial gain, then, decide whether you are on the right track or not.
- Put your day job into consideration
Any side business that conflicts with your 9 – 5 job should not be considered. If you have started already, you may consider discontinuing. You may shelf the idea for some time in the future and try something else now. This will help you to keep sane and not get involved in something you could later regret.
- You need time
Time is required to build a successful side hustle. If you don’t give it time, it will never grow. In short, it might collapse. The beginning may eat into your time and you may have little or no time for yourself. To help you get better, set time aside for it. You may need the help of a calendar and an alarm clock. Don’t forget that your weekend may no longer be free as usual. Also, it may not be easy to joggle between your day job and your side hustle, though there are times it may happen. So, plan ahead, putting time into consideration.
Having been armed with some knowledge of what to expect while building your side hustle, we may proceed to list out some side hustles that are very easy to handle while still going about your 9 – 5 job. Have in mind that most of these jobs are better carried out online. In short, any business that lacks an online presence may not see the dawn of a new beginning.
Online is the game changer now. With it, you can reach out to a larger audience and also get in touch with people anywhere in the world. With that, you can build a network of individuals who could help you to reach out to other people via referrals. You could also meet people in the same kind of business who will give you better ideas on how to handle your side hustle in more professional ways. The importance of building an online presence cannot be overemphasized.
Get yourself acquainted with content marketing. When you build content around your business, it is like nectar that attracts the bees. You could use some social media platforms like Facebook, Instagram, Twitter, and a host of them to get your business smiling at the whole world.
Top 10 Best Lucrative Side Hustle Ideas
- Dropshipping Business
Dropshipping is very good in the sense that you do not need to carry your goods about, looking for buyers. You can sell directly to your buyers without having to get in touch with the goods. You are just a middleman between the manufacturer and the buyer. With a strong marketing and customer service background, you are sure to convince a great number of people to patronise your business. You can focus in any kind of products like baby wear, kitchen wares, clothing line, makeups, and so on. Almost any niche is possible to build using dropshipping. Remember, you are the owner of your business.
- Freelance Writing
With freelance writing, you can make money at the comfort of your home. Make sure you have adequate writing skills. Do you want to make a great hit? Ensure you are charging your clients based on the value you are bringing to the table. An extra $1000 a month is not a bad idea at all. But then, it depends on your bargaining abilities. The secret is in corresponding the value you are offering with the price you placed on it. Do not undercharge or overcharge. You know your abilities, let them guide your decisions. Online sites like ProBlogger, Upwork, Fiverr, Craigslist, and so on will help to push you in front of your top clients.
- Affiliate Marketing
You could either make a lot of money as an affiliate marketer or you could make nothing. As a side hustling business, you need to up your game by getting the right product and also the right brand to work with. There are top brands that are ready to pay their affiliate marketers heavily for bringing customers to them. you need to arm yourself heavily with content marketing in order to convince your potential customers. Making up to $2000 a month outside your 9 – 5 job is something worth celebrating.
- Virtual Assistance
Virtual assistance, as a side hustle, does not just give you a job, it makes you work remotely from any part of the world. You do not need to sit in the company’s office before you become one of the staff. Administration, customer service, book-keeping, social media management, and more are jobs you can do for a firm as a side hustle from the comfort of your home. With the advent of social media, there is a growing demand for virtual assistance, all you need is to get yourself acquainted with different social media platforms and you are good to go. You can join Facebook groups to get yourself your desired customers. Making about $35 per hour is sure to make you smile.
- Become an Uber Driver
One of the most widely available ways for making money in this recent time and clime is by becoming an Uber driver. Uber driving is a global business and with the simple click of a button, you could make your money during the day, at night and even the weekend. Do you have a car that’s just eating deep into your finances? You can get it to work and let it take care of its maintenance, as well as your other expenses. an Uber driver
time as well.ou to meet people from all over the world as online jobs could do, however,
- Get a part-time job
This does not require building an online presence, though chances are that you may still do so. Part-time jobs may not get you to meet people from all over the world as online jobs could do, however, you should consider your abilities and time as well. There are several jobs you could use your spare time to do like baby-sitting, waiter/waitress, administrative assistance, network marketing, human resource personnel, among others.
- Start Blogging
Of course, you won’t make quick money with blogging. But you don’t need to despise the days of your little beginnings. By delivering a large chunk of value, you could be in your way to becoming the next Seth Godin. You don’t need to put so much time to work, just a few hours a day or week could do the magic.
- Create an Online Course
Like we said earlier that online is the game changer now. Online platforms like Udemy could help you make some side income. You could create courses around your skills and offer value to the public while smiling home at the end of the day.
- Become a Personal Chef
If you are good at cooking, it is time to get your skills to earn you some cash. With the help of social media, you could market your services and let the world know about your cooking abilities. A good professional touch to your skills will be an added advantage. HireAChef is one of the websites you can use to market your services.
- House Cleaning
So many families in this innovation age are now immersed in their jobs that they do not have time to keep their home sparkling neat. You can opt to get yourself a job by opting to do the cleaning yourself. The good side of this kind of job is that you could do it during the weekends. You can list your services on online platforms like HouseKeeper.com and have clients contact you.
Now, you can see that with the right ideas and skills, you have all the right in the world to make as much money as possible. Side hustle business has come to stay, choose one of the jobs that resonate with your skills and get yourself some extra money. Assuming you do not have the right skills but are interested in any of the jobs, you can get some soft training and join the moving train. It is in you.