In the ever-evolving landscape of 2024, side hustles have become a staple for those seeking to supplement their income. With the rise of the gig economy and digital platforms, earning additional money on the side is now more accessible than ever. Here’s a curated list of 17 side hustles — mainly online, with a few offline options — perfect for anyone looking to boost their bank balance.
1. Stock Trading
Trading stocks involves buying and selling shares of public companies with the aim of profiting from short-term price movements. It requires a solid understanding of market trends, economic factors, and company-specific news. Successful traders often use a mixture of technical analysis and fundamental analysis to make informed decisions. This can be done through modern trading apps and platforms that offer real-time market data, analytical tools, and the ability to trade a wide array of securities such as stocks, ETFs, and options.
- Educate yourself on stock market basics through free online resources.
- Use a reputable trading app with low fees to begin buying and selling stocks.
Potential Earnings: Can vary greatly; it’s possible to make significant profits, but there’s also risk involved.
2. Online Surveys
Online surveys are a way for companies to gather consumer insights, and they pay participants for their time. To start, sign up on multiple survey websites to maximize earning potential. Surveys range from simple questionnaires to more involved market research studies. Earnings are generally modest but can accumulate over time, and some studies may offer more substantial compensation. It’s a flexible option, as surveys can be completed at any time, and there are typically no qualifications required beyond demographic suitability.
- Sign up with multiple survey platforms like Swagbucks or Survey Junkie.
- Dedicate time daily to complete surveys.
Potential Earnings: Typically $1-$5 per survey, with potential for more on in-depth market research.
3. Deliver Food or Groceries
Food and grocery delivery has boomed, particularly in urban areas. Signing up with apps like UberEats, DoorDash, or Instacart can be a quick process—often requiring just a vehicle and a background check. Once approved, you can start accepting delivery orders on your own schedule. The gig can involve navigating cities and neighborhoods, ensuring orders are correct and delivered in a timely fashion, and occasionally communicating with customers. It’s a hustle that combines flexibility, customer service, and the ability to earn tips.
- Register with delivery apps like UberEats or Instacart.
- Schedule delivery times around your availability.
Potential Earnings: Earnings can range from $10-$25 per hour.
4. Start a Blog
A blog is an online platform where you can share your thoughts, expertise, or passions through written content. Select a niche that not only interests you but also has a sizable audience. The platform can be monetized through various channels such as Google AdSense, affiliate marketing, and sponsored posts once you’ve established significant traffic through consistent, high-quality content and effective SEO strategies.
- Choose a niche you’re passionate about.
- Create content and use SEO to drive traffic.
- Monetize through ads, affiliate marketing, or sponsored content.
Potential Earnings: $100-$10,000+ per month after building a following.
5. Create an Online Course
An online course allows you to package your knowledge into a program that others can purchase and follow at their own pace. Start by identifying a teachable skill you possess that others wish to learn. Develop a curriculum, record video lessons, create resources and worksheets, and choose a platform like Teachable or Udemy to host and sell your course. Effective marketing and student engagement can lead to good revenue and the potential for passive income over time.
- Identify a topic you’re knowledgeable in.
- Record videos or write course materials.
- Use platforms like Teachable or Thinkific to host and sell your course.
Potential Earnings: From a few hundred to several thousand dollars per course.
6. Print on Demand (POD)
Print on demand is a process where custom designs are printed onto products only when an order is made. As a seller, you create designs for various items like t-shirts, posters, or mugs and choose a POD company to handle production and shipping. Platforms like Printful integrate with websites like Shopify or Etsy, enabling a seamless e-commerce experience. It’s a creative pursuit that requires design skills but minimal financial investment.
- Design custom graphics for apparel or accessories.
- Use POD services like Printful to manufacture and ship products.
Potential Earnings: Profit margins vary, but can be 20-40% per sale.
7. Amazon FBA
Amazon’s Fulfillment by Amazon (FBA) program allows sellers to leverage Amazon’s vast distribution network. Sellers source products and send inventory to Amazon’s fulfillment centers. Amazon then handles the storage, packaging, and shipping of products. While there are fees involved, the reach and convenience offered by FBA can make it an attractive side hustle for entrepreneurs looking to enter the e-commerce space.
- Source products to sell or create your own.
- Send inventory to Amazon and list products on their marketplace.
Potential Earnings: Varies by product, but sellers can make thousands per month.
8. Product Arbitrage
Product arbitrage involves finding goods at a significant discount and then reselling them at a higher price elsewhere, often online. This could mean sourcing clearance items from brick-and-mortar stores or finding deals online. Resellers must be adept at recognizing valuable deals and understanding market demand. Platforms like eBay, Amazon, or Facebook Marketplace are common places to resell for a profit.
- Find discounted products in stores or online.
- Resell at a higher price on platforms like eBay or Amazon.
Potential Earnings: Profit depends on the resale value of the products.
9. Dog Walking
For animal lovers, dog walking is a great way to earn money while also getting fresh air and exercise. It can be as simple as offering your services in the neighborhood or joining a platform like Rover, which connects dog walkers with pet owners. Building up a regular clientele requires trust and reliability, but once established, it can be a consistent and enjoyable source of extra income.
- Advertise your services locally or sign up with apps like Rover.
- Build a clientele in your neighborhood.
Potential Earnings: Around $15-$25 per walk, with potential for tips.
10. YouTube Channel
Creating a YouTube channel allows you to share content with a global audience and monetize it through ads, sponsorships, and merchandise sales. Successful YouTubers focus on a specific niche and create engaging, high-quality videos. Growing your channel requires consistency, an understanding of YouTube’s algorithm, and engagement with your viewers. Over time, a YouTube channel can become a significant source of revenue.
- Choose a content theme—educational, entertaining, reviewing products, etc.
- Create and upload videos consistently.
- Monetize through ads, sponsorships, and merchandise.
Potential Earnings: Earnings can range widely; successful channels can make significant income.
11. Selling Stock Photos
Stock photography involves selling your photos through online platforms such as Shutterstock or Getty Images. Photographers can upload their images to these websites, and when individuals or companies download them for use in their projects, the photographer receives a royalty. It’s a competitive field but can provide recurring income as your portfolio of photographs grows.
- Take high-quality photos or create digital artwork.
- Sell them on platforms like Shutterstock or Adobe Stock.
Potential Earnings: Usually a few cents to dollars per download, but it adds up with a large portfolio.
12. Virtual Tutoring
Online tutoring is teaching or providing instructional support over the internet. Tutors need expertise in the subject they plan to teach and can use platforms like VIPKid or Chegg Tutors to connect with students globally. Sessions can cover academic subjects, language learning, music instruction, and more. Aside from knowledge in the subject, good communication skills and a reliable internet connection are necessary.
- Use your expertise in academic subjects or hobbies.
- Tutor students online through platforms like VIPKid or Tutor.com.
Potential Earnings: $15-$30 per hour or more based on subject and experience.
13. Rent Out Your Car
Car-sharing has become a popular side hustle for vehicle owners. Through platforms like Turo or Getaround, you can rent your car to others when you’re not using it. You set the rental price based on the type of car and market demand. It requires maintaining the vehicle well and being comfortable with others driving your car. Proper insurance and understanding the platform’s policies are crucial.
- List your vehicle on car-sharing platforms like Turo or Getaround.
- Ensure your car is clean and well-maintained for renters.
Potential Earnings: Can range from $30-$100+ per day.
14. Write and Self-Publish eBooks
Writing and self-publishing eBooks can cater to various genres or niches. Writers can self-publish on platforms like Amazon’s Kindle Direct Publishing (KDP), allowing for global distribution. Writers manage the writing, formatting, and marketing of their eBook but retain a large percentage of the sales as royalties. Success in this field often hinges on the author’s marketing efforts and the demand for the book’s topic.
- Write an eBook on a popular or niche topic.
- Self-publish on Amazon Kindle Direct Publishing.
Potential Earnings: Authors can earn up to 70% in royalties on the sale price.
15. Social Media Influencing
Social media influencers create content and build followings on platforms like Instagram, TikTok, or Twitter. Influencers partner with brands to promote products or services to their audience, earning money per post or campaign. Building a large and engaged following is key to becoming a successful influencer. This typically involves niche content, consistency, and authenticity.
- Grow a following on platforms like Instagram or TikTok.
- Partner with brands for sponsored posts.
Potential Earnings: Varies with follower count, engagement rate; typically $100-$1000+ per post.
16. Create Digital Art and Sell NFTs
With the rise of NFTs (non-fungible tokens), digital artists have a new avenue to monetize their work. Artists can mint digital artwork as NFTs on blockchain platforms like OpenSea, allowing for authenticity verification and direct sales to collectors. The market for NFTs can be volatile, and success may require an understanding of cryptocurrency and active engagement with the digital art community.
- Produce unique digital artwork.
- Mint it as an NFT on marketplaces like OpenSea.
Potential Earnings: From modest to extremely high, depending on the artwork’s demand.
17. Remote Customer Service
Remote customer service involves providing support and assistance to customers over the phone, via email, or through live chat, all from the comfort of your own home. Many companies outsource their customer service roles, providing flexible working hours for agents. Skills required include problem-solving, patience, and an understanding of the company’s products or services.
- Apply for remote customer support roles that offer flexible hours.
- Train in company-specific customer service protocols.
Potential Earnings: Generally around $10-$20 per hour.
These side hustles offer the promise of flexibility and growth, leveraging modern platforms and minimal upfront investment. From monetizing your creative skills to capitalizing on the sharing economy, it’s about finding the right fit for your lifestyle and goals. In 2024, the side hustle isn’t just extra income; it’s a pathway to financial diversification and independence. Choose your hustle, take the first step, and watch your pocketbook grow.