It seems that nowadays, everyone has a side hustle, and if social media is to be believed, they’re making a tonne of money from it! Have you jumped on the trend yet and started to make money outside of your regular day job?
In this article, we’ll be telling you everything you need to know about side hustles and give you some ideas on how you can make some extra money. Whether you want to offer your services as a freelancer or get involved in online foreign exchange trading, we’ve got you sorted.
1. Invest in shares or property
If you’re looking for a more long-term investment, then you could consider investing in shares or property. This can be a great way to make money if done correctly. It’s important to remember, however, that there is always risk involved so you should never invest more than you can afford to lose. That being said, make sure to have fun and enjoy the trading journey.
If you have no idea what to do when it comes to trading online, it’s definitely worth spending some time doing research online with sites like Investopedia and Forbes having some great guides and bits of stackable content that can increase your understanding really quickly. When it comes to trading, make sure to take your time and not rush into any big trades. To charge a freelancer rate so expect to make more per hour than your regular job.
2. Start a blog or YouTube channel
Another popular way to make money is by starting a blog or YouTube channel and monetising it with advertising revenue, sponsorships, or affiliate links. This can be a great way to earn some extra cash if you’re already passionate about something and have an engaged audience. YouTube creators might get a bad reputation, but it can be a really difficult job.
It’s important to note that this isn’t a quick or easy way to make money and it may take some time before you start seeing any significant earnings on YouTube. Our advice would be to treat this like a hobby and not try to make money as you’ll find that nearly all of the most popular YouTube creators didn’t start making content to make money, instead, they were doing it to have some fun.
3. Do odd jobs for people in your local area
If you’re handy around the house or just enjoy doing odd jobs, then why not start offering your services to people in your neighbourhood? You could put up flyers advertising your services or simply tell people about what you do when they ask for recommendations. This can be a great way to earn some extra cash without having to commit too much time since you can usually work around people’s schedules.
You’d be surprised at how many people have odd jobs going that they just don’t have time to do themselves, meaning they’ll likely pay a pretty good price for you to take it off their plate and get the job done. This might be a more seasonal job because people tend to want to get things done for the summer months, but it can still be a good money maker year-round.
4. Sell items you no longer need
We all have items lying around our house that we no longer need or use. So, why not make some money by selling them? You could have a garage sale, sell items through online marketplace platforms like eBay or Facebook, or even hold a stall at a local flea market. This is a great way to declutter your home and earn some extra cash at the same time.
It’s important to sell the specific items in the right places with sites like Depop and Vinted being perfect for clothing, eBay being great if you are trying to move on memorabilia and general bits and bobs, while Facebook and Marketplace tend to be better for large items like furniture and vehicles as they’re more locally orientated.
5. Offer your services as a tutor
One great way to make money is to offer your services as a freelancer. This is especially popular with recent graduates who have plenty of knowledge to share but don’t necessarily want to commit to a full-time teaching job. You can advertise your services online, through word-of-mouth, or via your local community group, plus you set your own rates.
This can be great if you want something to do in the evening as your primary audience will be school children. As they will only be free in the evening, it makes it perfect to do after you’ve finished work. This can also pay super well as you’ll be able to charge a freelancer rate so expect to make more per hour than your regular job.