Almost everyone could use more money, whether you are a student or already have a full-time career. People from various areas of life engage in side jobs. All it takes to take advantage of the possibilities of a side hustle is a few hours every week.
There are several side hustles you can try, regardless of whether your objective is to turn a passion into a successful company or to create passive income. A side hustle you pursue consistently might blossom into a lucrative full-time job.
The best side hustle wouldn’t take up a lot of your time but can still make enough money to sort out a few bills. But you’re not here to find a side hustle that will just settle a few bills, you need something that will earn you over $500 a month, and that’s why you’re here. In this article, I will share with you 10 side hustles that have the potential to earn you over $500 a month.
1. Start a YouTube channel
With 2.7 billion subscribers, YouTube has a large viewership, with one billion hours of video watched daily. Joining the YouTube Partner Program will allow you to capitalize on those views and earn money from the advertising that plays in your videos.
Remember that getting enough visitors to generate a significant income from advertisements takes time. Consequently, a lot of YouTubers search for other methods to make money off of their material.
Beyond the Partner Program, there are several other methods to monetize your channel. For instance, you may collaborate with companies to provide product endorsements in your videos. They’ll offer you a percentage of the sales or pay you a fee. One other option is to encourage visitors to make purchases from your own online store.
How to start a YouTube channel
- Sign in to your YouTube account
- Navigate the page and find “Settings”
- Click on “Add or manage your channels”
- Click on “Create a channel”
- You will be required to input your details to successfully create a channel
After creating a YouTube channel, begin by creating interesting short films and videos that will appeal to your intended audience. Investigate revenue-generating options as you acquire members, such as signing up for the Partner Program, offering merchandise, and endorsing affiliate partners.
2. Market digital goods
Nowadays, there are so many products classified as digital-only that exist online. They are quite popular and cheaper to produce since little to no production cost is required, no need to ship across countries or states, so it makes it very convenient to buy and sell. They include technical assets and downloadable or streamable data like MP3s, PDFs, and movies.
Create digital items as a side business using your current abilities. This might include customized music or graphics, eBooks, online courses, digital art, digital music, or other digital templates.
Once you’ve created your digital product, create a website or begin promoting it on your social media accounts. Use alluring incentives to promote your items on social media, such as a free sample or coupon code. You can also sell your digital products on e-commerce websites like Amazon, Jumia, Kongo, etc.
3. Start tutoring
Teaching is a very fulfilling profession. With services like homework assistance and exam preparation, even students are entering the tutoring industry and capitalizing on a market that is predicted to expand at a 5.2% annual pace until 2027.
Being an online tutor is now more simple than ever owing to services like Learn to Be, Tutor.ng, Superprof, or Tuteria, TutorOcean, Preply, and Cambly.
Although online teaching is on the rise nowadays, you can still do it the traditional way and look for households or schools around that are willing to hire. Just find a subject you are knowledgeable about, build on that knowledge and find ways to teach it so your students will understand.
Consider developing an online course to increase the profitability of your side business of teaching. Although creating an online course requires a lot of work initially, once established, it may consistently provide passive revenue.
4. Provide digital marketing services
The proliferation of internet-based enterprises has generated an ongoing need for digital marketing solutions. In addition to managing social media accounts, optimizing websites, and creating content, founders often search for freelancers with these skills.
The best place to find digital marketing gigs is on freelance websites. Promote your services on freelancing sites to get traction in this industry. Think about putting up a portfolio with your prior work or a sample website to highlight your abilities.
5. Start Affiliate marketing
By promoting someone else’s goods or services on your platform, you may become an affiliate and earn a commission from any sales that result from your recommendation (sometimes via a special link or code). This is a fantastic method of combining secondary projects.
Invest in affiliate marketing if you run a podcast, are an influencer, or own your own business. It’s a fantastic method to get more cash while pursuing your pastimes or another side project.
Find the ideal items for your needs on an affiliate marketplace such as Leadpages, ConvertKit, ClickBank, or ShareASale to get started. Additionally, the Shopify Affiliate Program might be a fantastic side job for you if you work in the e-commerce industry as an influencer, course instructor, or content writer.
6. Launch a newsletter or blog.
Blogging has always been a popular and well-liked side gig. There are a lot of ways you can make money from blogging, including affiliate marketing, sponsorships, advertisements and many more. An increasing number of bloggers are using Substack, a platform that allows freelance authors to distribute their work directly to readers and be paid via recurring subscriptions.
This makes it possible for bloggers to grow their following gradually and sustain a steady flow of cash each month without depending on obtrusive advertisements, sponsorships, or contract writing jobs.
Once you have a sizable fan base, think about expanding your revenue stream by offering your supporters merchandise. This is a fantastic method of increasing awareness of your brand.
7. Launch a drop shipping company
Another kind of internet business is drop shipping, in which an outside company creates and distributes your current items. All that’s left to do is promote the company, price your goods, and put up your shop.
Because items are only sent when they are bought, drop shipping is also a low-risk business option. As long as your marketing costs are acceptable, there is plenty of space for profit. To reach more people, you may dropship on websites like Jumia and Amazon.com.
It’s simple to launch a drop shipping company with Shopify and begin selling without having to worry about handling inventory, packing, or shipping. Orders are sent straight from your wholesaler to your clients, allowing you to focus on what counts: your goods, promotions, and clientele.
To start, find popular items that are in great demand locally, such as food, cosmetics, and stylish apparel and accessories. Find a trustworthy supplier and begin promoting items actively marketing on social media sites like Facebook and Instagram.
To establish a good reputation, provide prompt delivery and first-rate customer service.
8. Become a content creator
The popularity of influencer and internet celebrities are on the rise these days, and so is their earning potential. To tap into this lucrative industry, start creating content on TikTok or Instagram if you have a specific passion. After you’ve built up a devoted fan base, you may make money off of your account by accepting sponsorship offers from companies that pay you to market their goods.
By producing humorous, educational, or unusual content for the internet, you may monetize it via brand partnerships, platform partner programs, or even advertisements.
9. Become a freelancer
You can easily make some good money as a freelancer if you have a marketable skill and are good at it. There are several freelance platforms that you can sign up for like Fiverr, Upwork, Guru and Total, and gain access to the worldwide market where can market your skills in writing, graphics design, website building and so much more.
You can also find work by pitching directly to small companies. Spend time honing a professional design portfolio that showcases your abilities.
If you can consistently deliver quality work, landing high-paying gigs will be a breeze, and earning 500 dollars a month will be a step away.
10. Become a social media manager
Having a strong social media presence is important for every brand, and companies are willing to pay good money to gain this. Provide companies and small businesses with social media account management and content development services. Assist with client acquisition, sponsored advertising, and community involvement. All you have to do is create interesting posts on the company’s social media account, engage with customers and market their services and products.
With a portfolio showing quality work and skills to match, you may end up landing a high-paying gig.
Conclusion
Your side hustle will probably not earn you $500 in the first month, but if you’re willing to put in the hard work and invest in growth and development, you will get there someday. However, you will have to pick something profitable first, and any among the above 10 will be perfect.
