Money is something necessary for one and all. No wonder today, people generate secondary sources of income. You may be having a day job that helps you meet all your essential expenses. But there may be many things on the horizon that you may want. A side hustle can allow you to make some extra for your impending wedding, luxurious house, lavish vacation, and other desires.
With a fixed job, your hands are always tied. Moreover, with appraisals hitting an all-time low, you can fall back on a second income any day. Earn money to spend more and gain financial freedom. Here I present a few side hustles that may demand only a few hours a day from you, making it easier to balance job/business alongside personal life.
Start Drop Shipping
It is one of the latest side hustles. You can directly sell a product to a customer without stocking up on inventory. You do not need to incur a lot of expenses in starting this business. The manufacturer stocks the products and directly ships them to the customer as well. You must be wondering about your role? You do the customer services and the marketing. If you have that ‘entrepreneur’ thing in you, you can try this as a ‘test.’
You can choose any niche, clothes, bikes, homewares, and electronics as well. There must be queries in your mind regarding the incomes. Well, you make as much time, you devote to the venture. The least you have to do is to download an app on your phone, perform a basic setup, find a supplier, and get started.
Deal in Foreign Exchange
You do not need an office to do this. You can start this hustle from your dining room or study if you have the proper knowledge and tools. It is suitable for any person in a full-time job. The markets are open 24×7, and that offers a unique, additional advantage. Automation in this sector is at an all-time high today. You can also utilize robots to do the deals for you. Here, we are talking about AI.
The high value of liquidity in the market can make it a great side job. With technology overtaking all avenues of life, this is not far away. You can spend less time in the market now and still expect great returns. You can also generate extra income by following the accounts of experts. You can devote an hour each day to all the training.
A forex trading course can give you valuable insights into the opportunities. You need to understand financial management, budgets, and investments. Moreover, you can also get a demo account and start practicing now. After you are sure and confident, you can start trading with a real and live account.
Host a Space with Airbnb
If you have that hotelier entrepreneurial bug inside you, you can try your hand at this venture. However, you need to have some space to host. It can be a room in your house, an apartment, or an entire countryside house. If you have a property or space lying unutilized, then it’s time to make the best use of it. There are significant benefits of collaborations. If you initially try to create a brand of your own, you may not get the desired business. However, if you start with a big brand, you get customers looking for your place. Secondly, Airbnb is a known brand, and you will get customers, for sure. And you do not need to market it. Moreover, most companies in this genre also pay damage insurance to the host. This side hustle is something you can start on your own without any experience, training, or marketing needs.
Create your online courses and sell them to groups of students. It is a highly-scalable venture as well. It is a lot more lucrative than tutoring. You can concentrate on the best topics in your genre. Today, online courses are hugely successful. Post-Covid days call for maximum engagement from home. That is one reason why you should start this business. Additionally, education and learning will never go out of fashion.
There are a variety of topics that you can choose from. We can give you certain examples, like yoga, cooking, cake making, chocolate making, and academics, to name a few. You do not need to devote your entire time to this venture. Create a course, and forget. Promote what you have created. But of course, you need to keep tabs from time to time.
Become a Mystery Shopper
You can also become a mystery shopper. Moreover, you can work as an independent contractor without registering with any fees. Search for a renowned company for this side hustle. Most retail giants are hiring mystery shoppers to gain an edge in the market over their competitors. This offers you extra pay and flexible working hours. Additionally, it is fun, and you get product samples to use as well.
These are a few side hustles that you can start immediately. Make extra money and make your dreams come true.