Making some additional money with a side hustle doesn’t have to be difficult. As someone who has spent almost two decades working in the sector of online revenue production, I can tell you that it requires some effort. There are, however, a few apparent paths forward. At the end of the day, it all comes down to your objectives and how much you want to automate your earnings.
Is it possible for you to earn an extra $200 every month? Sure. How about $1000 extra per month? What impact would that have on your life? It would make a huge difference to most people. But what if we’re talking hundreds, if not tens of thousands, more per month? What impact would that have on the course of your life? There is money to be made on the internet. It’s simply a matter of deciding how much of your time it’s worth.
Even though we all have some spare time, it rarely feels like it. Making some extra income on the side, on the other hand, isn’t difficult. We’re not talking about making millions of dollars here; instead, we’re talking about performing little, manageable initiatives to make some quick cash. And, depending on your skill set, you might easily earn a few hundred bucks each month or perhaps a few thousand.
Become a virtual assistant (VA)
As a virtual assistant, one simple method to generate money from home is to assist others in completing tasks. If you’re well-organized and have good time management skills, becoming a virtual assistant is a low-risk way to break into the digital services business. No matter where you live, you may effortlessly execute these tasks as a remote worker.
Sites like Upwork, Indeed.com, and Remote. co can help you find employment as a virtual assistant. Create bids for jobs that have already been placed. Effective communication skills, as well as proficiency in English and common web and commercial software applications, are required.
Sell stuff on eBay or Craigslist
Working as a virtual assistant is a simple method to earn money from home. If you’re well-organized and have good time management skills, working as a virtual assistant is a low-risk way to break into the digital services business. No matter where you live, you can simply carry out these tasks as a remote worker.
Sites like Upwork, Indeed.com, and Remote. co can help you find employment as a virtual assistant quickly. Create bids based on the existing job postings. Effective communication skills, as well as proficiency in English and common web and business software applications, will be required.
Our currency evolves in tandem with the digital world. What was once considered a novelty will eventually become the preferred method of payment. In 2016, 10% of adults said cash was their favourite payment option, according to a Gallop study (down from 19 per cent in 2011).
While bitcoin is still in its infancy, it will eventually become the industry standard. Although Bitcoin and Ethereum are the most popular cryptocurrency platforms today, the blockchain will eventually transform the US Dollar into the Digital Dollar. You may profit from the current cryptocurrency surge by trading it on platforms such as eToro and Kraken, among many others.
Skooli, Tutor Me, and Tutor.com are just a few of the websites that can help you get started in the online tutoring world. While you are not required to use one of these platforms, they offer to give lower-friction access to the market. You can also look for online tutoring opportunities on sites like Upwork, Freelancer, and others.
What subjects are you able to tutor online? If you’re multilingual, you may easily instruct a topic like math or science while also teaching a language. You might also teach students how to play musical instruments like the guitar or piano, as well as a variety of other subjects.
Sell services on Fiverr
Since its inception, Fiverr has expanded substantially. It’s now a large marketplace where you can sell almost any service imaginable. This is fantastic if you want to generate money online as a digital nomad or even while sitting at home in your pyjamas on your laptop.
What exactly are you able to sell on Fiverr? Graphics and design, as well as digital marketing, writing and translation, video and animation, music and audio, programming and application development, commercial services, and lifestyle services, such as celebrity impressions and gaming, are all available.
Build sales funnels
Every successful company has a sales funnel that is automated. Despite this, many companies are utterly unaware of the value of a well-designed funnel. In the sales process, sales funnels automate the process. They assist you in developing a relationship with your audience and a bond with the customer. There are several tools available to help you develop a sales funnel, however, the world’s most successful companies frequently employ custom-coded funnels.
A free offer, often known as a lead magnet, is a common starting point for expert sales funnels. You build trust with the consumer by providing value in the lead magnet. A self-liquidating offer, also known as a trip wire, is frequently found in the next phase. These are hard to pass up, with prices ranging from $7 to $47. Beyond that, the front-end offer is frequently found, along with one-time offers, to help raise the customer’s lifetime value and average cart value.
While there are many technical aspects to sales funnels, understanding them now, right now, could put you on the road to greater online marketing prowess. It can also help you scale your firm by increasing your ad spend after optimizing a conversion rate.
Rent out your home
Another approach to earning money at home is to rent out your property. Vacation rentals have become a thriving sector thanks to Airbnb. While the market existed previous to AirBnB’s introduction, it has grown in leaps and bounds since then.
Other market consolidations have occurred with top sites like InvitedHome’s acquisition of PPG rentals and Seasoned Dreams’ platforms, and Expedia’s $3.9 billion acquisition of another vacation rental giant, HomeAway. The market is rising, and now is the best moment to get in, regardless of how big or little your house or apartment is.
Launch an eCommerce site
Ecommerce is on the rise. Consumers are buying in droves when they can get amazing deals, even if Amazon takes the lion’s portion. Some of the most successful internet marketers, like Neil Patel, Frank Kern, Dean Graziosi, David Sharpe, John Reese, and others, have made tiny fortunes via free-plus-shipping e-commerce and book funnels. This relates to how sales funnels are implemented in an e-commerce setting. Much of what consumers believe about traditional eCommerce stores needing months or even years to create and costing a small fortune is simply untrue.
Start a blog
Even while travelling the world, blogs are one of the finest ways to create a passive income. While it may be simple to establish a blog, you will need to put in the time and effort to reap the benefits. Plant the seeds now for a later harvest.
However, once your site is up and running, earning money and expanding your business is simple. Simply create additional content and increase the number of deals available. As your blog becomes more successful, you’ll be able to recruit top talent who will write for you in exchange for a single highly effective link back to their websites.
Build a side hustle business
There are a plethora of profitable side hustle business ideas that you may start right from the comfort of your own home. While it is simple to establish a business, putting in the effort to market and expand it is a little more difficult. Seeing them through is the difficult part.
You may start a standard business selling other people’s things, or you could create your own. While enterprises based on inventions may appear more difficult to start, they do offer appealing investment options, as shown on popular shows such as Shark Tank.
I’ve been enamoured with the webinar as a sales tool. Building out automated webinars is one of the most valuable abilities you can have, as demonstrated by entrepreneur Jason Fladlien, who has made over $100 million in sales through webinars while solely selling other people’s products and not his own.
Webinars have a set format and template. They’re all the same. If you can perfect that formula, you will be able to completely dominate this market. Find a terrific company idea or opportunity that you can sell and that adds a lot of value to people’s lives.
Social media management
Working from home as a social media manager is a fantastic way to make money. With the rise of social media, businesses are scrambling to get in front of potential customers. Most firms, on the other hand, have no idea how to boost their exposure. That’s when you enter the picture.
Building a social media management company may take some time and effort, but it will be well worth it. You might charge each firm a significant monthly fee to assist them to manage their social media, allowing you to make a full-time living from this employment.
Liz Benny, the creator of Jinga Social, not only built one of the largest and most well-known social media management companies in the world, but she also created a series of seven-figure webinars teaching others how to start their own social media management company.
Affiliate marketing is a low-friction way to get started selling things online. While you will need some sort of audience to offer these products or services to, you might make a lot of money while doing so from the comfort of your own home. Some products or services pay out a lot of money every click. That means that if you play your cards well, driving traffic to specific offerings can easily result in a huge profit if you target the right interests.
Affiliate marketing opportunities can be found on sites such as ClickBank, CJ.com, and Rakuten LinkShare, among others. Look for the perfect offer and make sure you show it to the right people without spamming them. Ethically do your marketing.
Create online courses
Creating online courses is one of my favourite ways to earn additional money from home. This does, however, necessitate an initial time investment. You do the work once and get paid repeatedly, just like any other passive revenue-generating activity.
Find a way to design a course around whatever skill you possess. Create your courses on sites like Udemy, Ankur Nagpal’s Teachable, or Jonathan Cronstedt’s Kajabi, then start selling them.