Money. Who couldn’t use a little bit more of it? Whether you’re saving for a down payment on your own home, planning a wedding, or trying to pay off debt. Or putting some money aside for a rainy day, a little bit of extra cash can go a long way.
Your day job might help you pay for the essentials. But a side hustle from home, that’s the game changer that’ll make a difference in your wallet. While giving you the freedom you’ve always wanted. Here are some Side hustle, extra income ideas.
How to Develop a Successful Side Hustle
So, you have decided that a side hustle from home is the best way for you to earn some extra money each month. But you don’t know where to start. Here are some steps to take:
- Make a list of what you’re interested in. You need to love what you are doing as a side hustle for it to be successful for you. This will be done on your own time and outside office hours if you have a day job. So it will take a lot of energy and motivation to make it stick. Only something that you are passionate about will drive you this much. Brainstorm ideas around your interests, hobbies, and skills to discover the best business to start.
- Decide early if you will invest money. Side hustles shouldn’t cost too much money. But they may need some investment upfront for things like hosting, branding, and tools. You may decide that you want to do advertising to find your first customers. You need to be aware of your spend before it happens. Plan your spending accordingly. And measure your success to know whether you should continue.
- Schedule time for your side hustle. A side hustle takes time out of your schedule daily, so ensure everything is going right. It is not possible to set up your website, schedule your content, and forget about everything until next month. Set aside time in your calendar regularly. Outline actionable goals for this time to ensure what you are doing is valuable. If you have a day job, aim to give three to four evenings a week. And some hours on the weekend, depending on what it is.
A recent report by the Henley Business School shows that as many as 27% of working South Africans currently have side hustles. These are extra or side jobs they do in their spare time, to raise extra cash.
Side hustle: Extra income ideas during Covid-19 Lockdown
Affiliate marketing is one of those side hustle ideas that can either make you a lot of money or nothing. It’s not just about finding the right product to sell, but also finding the right brand to partner with.
Deliver Food And Groceries
Now more than ever, there is a need for food delivery. You could drop off groceries for an elderly person . You can also choose to create your own hours and work whenever you want. While this may not be the most lucrative side hustle, you can earn tips which is an added bonus.
Create YouTube tutorials
Although this isn’t the quickest way you can make money with a side income, creating YouTube tutorials can help you earn a respectable amount of income. As long as what you deliver is engaging and keeps people interested for long enough. You could also use free tutorials to up-sell viewers on products and services you might be offering.
Become an online tutor
Were you a bright spark in school, particularly in maths and science? Becoming a tutor to pupils and students is a good way to not only share your knowledge, but also to make some extra cash. You can jump into the deep end and start advertising your services through friends, family or social media, and might even have success.
The problem is that most parents want to know that they’re paying for a reputable and efficient service, so you might struggle to get business if you don’t have any prior experience or references. The best option is to go through an established tutoring agency – and there are many. Master Maths, Genius and BrightSparkz are some of the big ones.
Buy and sell
Although it’s super easy to list something online, you have to know what’s in demand to make regular sales. Progress your business by buying, fixing up and reselling popular products and items. Websites including Gumtree, bidorbuy, OLX, Junk Mail and, more recently, Facebook Marketplace, are great platforms for buying and selling.
Teach Or Create An Online Course
If you’ve always wanted to be a teacher or have a lot of knowledge in a certain subject matter, you can make some extra cash by teaching or creating an online course. Look online for current courses needing instructors, or use Udemy or Teachable to create a new course that others can learn from.
Side hustles after Lockdown
Drive for Uber or Lyft.
One of the most widely available ways for making money is to drive for Uber or Lyft. The sharing economy has exploded, and both Uber and Lyft are at the forefront. The best part? You can turn on and off your availability through these network. With the simple click of a button, allowing you to make money no matter what time of day or night it is.
Almost anyone can walk dogs. If you live in a dog-filled neighborhood, create a few flyers and slip them into mailboxes. Identify yourself as a dog walker and pitch your price. Build up a steady stream of clients and your dog-walking service will grow over time.
Go to markets
Whether you sell arts and crafts, clothing, jewelry or food and drink, festivals, concerts and expos are a great way to get your product out there and build up a following. Neighborhood markets are increasingly popular. So consider a food stall or truck over weekends at markets or your local farmers or organic market.
Babysit or become a nanny
If you need to make some quick cash, you could always start babysitting or even become a part-time nanny. You use a variety of sites to do this like Sitters4U or even post your services on social media sites. You’ll get vetted and rated for your services, so be sure to provide a top-notch experience.
Have a garage sale
You could always hold a garage sale to make some money by getting rid of excess clutter in your house. This is great if you have children that have outgrown toys or you simply have a large number of items that you’re looking to part ways with. Post up some signs around town or advertise on FaceBook.
Start a food truck.
Purchasing a food truck requires a substantial investment, but the food truck business is growing significantly. Location and cuisine choice is important. Be sure to do ample research before getting started.
Your side hustle can help you make some extra money each month. But it can also help you develop new skills, build your personal brand or portfolio, and achieve more freedom. So, have fun with it! Take a risk by starting a business or pursue a new hobby you’ve always been curious about. A side hustle is your best opportunity to live life on your own terms. And with some more money in your pocket, there’s nothing stopping you from making your dreams come true.