Everyone wants to earn more money. Crazy idea, right? But what most people don’t realize is how easy it is to make a little extra money on the side and start building wealth. In fact, according to Self Financial, 45% of Americans have side hustles in 2024. Entrepreneur Ramit Sethi thinks that number should be a lot higher.
Sethi, author of “New York Times” bestseller “I Will Teach You To Be Rich,” has spoken a lot about side hustles in the past, but he made them the primary focus of his Oct. 18 newsletter. Here are some easy ways to start a side hustle:
1. Online Tutoring
Educators are in demand all over the world, especially Americans. There are tons of platforms available for qualified side hustlers, including TutorMe, Italki, and Tutor.com. With people needing tutors to learn English and various subjects, it offers the flexibility to work while providing a rewarding experience.
2. Data Analysis
Companies are always looking for people to help them make sense of their data. If you work in a marketing or data-based job already, you may already have the skills to get an entry-level data analysis job on Freelance platforms like Fiverr or Upwork. You don’t necessarily need previous experience as some companies simply need help with data entry.
3. Photography
If you’re a creative type with a great eye, you can make money as a photographer. With opportunities ranging from family portraits to weddings, it’s a high-demand field where photographers can charge a premium.
4. Share Your Skills Digitally
The online learning industry continues to grow. E-commerce offers a great field to look into if you’re more entrepreneurial. You can create digital products like ebooks, courses, or even software to sell online on platforms like Udemy, Coursera, and Skillshare.
5. Social Media Marketing
This choice can be more hands-off and allows for passive income. Learning to create ads on social networks like Facebook and Instagram is a valuable skill. If you lack connections with companies looking to run ads, affiliate networks like Amazon Affiliates can also be utilized to promote products and earn commissions.
Having a side hustle not only gives you extra savings for emergencies or additional spending money but can also help you replace your corporate salary if you excel at it. The right skills and attitude can allow you to earn a few extra thousand a month.
Source: GOBankingRates