They say that the secret to becoming a millionaire is having multiple streams of income. It's no surprise, then, that the average millionaire has seven income streams.
In this post, I'll share 15 side hustles that you can do from the comfort of your home, or wherever you want, to start building up those income streams. And don't worry, I won't be listing the usual suspects like taking surveys online, dog walking, or food delivery. We're going to explore some next-level opportunities!
Hi, I'm Erica. I'm a lawyer, and in the past year, I've built up 12 income streams entirely online. These 15 side hustles are ones I've either tried myself, hired others to do for my business, or know people who make thousands a month from them.
They're legitimate and, for the most part, require no upfront costs. All you need is a computer and an internet connection, meaning you can start making money from day one!
Teaching English Online
Teaching English online is the only side hustle on this list that requires a college degree. A popular platform for this is VIPKid, where you can earn up to $22 an hour teaching English to children in China.
You don't need to speak Chinese, you can pick your own hours, and you don't need to prepare lesson plans—they provide the curriculum for you. It’s a flexible and rewarding way to make money from home!
Blog Post Writing
If you love writing, becoming a blog post writer might be the perfect fit for you. You can make anywhere from $30 to $125 an hour, depending on your experience and the complexity of the content.
Many companies and small businesses have blogs but lack the time to create content. Platforms like Upwork and Fiverr are great places to start offering your services.
Virtual Assistant (VA)
As a virtual assistant, you'll perform tasks for other people entirely online. This could include anything from conducting research and scheduling appointments to data entry and even watching TikTok videos to keep your clients up-to-date on trends.
Starting out, you can expect to make $25 to $35 an hour, with experienced VAs charging even more.
Creating an Online Course
Online courses are a fantastic way to earn passive income. If you have a skill that others want to learn, consider creating a course around it.
Platforms like Udemy and Skillshare can host your course, or you can host it on your own website. Once the course is created, it can continue to generate income for years.
Selling Digital Products
Digital products, like eBooks or design templates, are another great way to earn passive income. For example, I have a product called the Legal Bundle, which generates thousands of dollars each month.
Whether it's Instagram post templates, email newsletter templates, or anything else you're passionate about, there's potential to earn money.
Social Media Management
Many business owners know the importance of social media but don't have the time or desire to manage it themselves.
As a social media manager, you can create and post content for them. This can be a lucrative side hustle, especially if you manage multiple clients.
For example, I paid a social media manager around $600 last month to handle Instagram posts for my legal business.
Becoming an Agency Owner
Take your side hustle to the next level by becoming an agency owner. In this model, you sell a service, such as social media management, and then hire others to fulfill that service.
For instance, you might charge a client $600 for social media management, then hire a graphic designer and writer for $300, pocketing the rest for coordinating the team.
YouTube Video Editor
Learning to edit videos can open up a side hustle as a YouTube video editor. Spend a week learning software like Adobe Premiere Pro, then reach out to YouTubers to offer your services.
You can take hours of work off their hands, and they’ll be grateful for the help.
Voice Over Actor
If you've been told you have a nice voice, consider becoming a voice-over actor. You can find gigs reading audiobooks, doing commercials, or creating explainer videos on platforms like Fiverr. It’s a flexible side hustle that can add up quickly.
Selling Handmade Products
Platforms like Etsy make it easy to sell handmade products online. Whether it's candles, jewelry, or artwork, you can turn your creativity into a business. It’s also a great way to bond with your kids and teach them about entrepreneurship.
Coaching
Coaching can be an extremely lucrative side hustle. Whether you're a fitness coach, wellness coach, business coach, or teach a specific skill like drawing or cooking, there's a demand for your expertise. Set up a website and offer a structured program, such as an eight-week coaching course, to help clients achieve their goals.
Facebook Ads Management
Many businesses want to run Facebook ads but don’t know how. If you're tech-savvy, spend a few weeks learning how to manage Facebook ads. You can offer your services to local businesses and manage their ad campaigns, often on a retainer basis. This side hustle can quickly become a significant income stream.
Content Creation
Starting a YouTube channel or creating content on platforms like Instagram, Facebook, or TikTok can be a profitable venture. Focus on one platform for the first year to build an audience, then explore monetization options like ad revenue, affiliate marketing, and sponsorships.
Affiliate Marketing
Affiliate marketing is a great way to earn money online without having your own products or services. You promote other people’s products and earn a commission for each sale made through your referral link. It’s a fantastic way to make passive income, especially if you already have an online presence.
SEO Expert
Search engine optimization (SEO) is crucial for businesses looking to improve their online visibility. If you're good with technology and enjoy learning, you can become an SEO expert. Offer your services to business owners to help improve their search engine rankings and drive more traffic to their sites.
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