How to Live Off of Side Hustles

In order to live off side hustles it is necessary to ensure that your side hustle is generating enough income to meet your living expenses. You can achieve this by either of the following ways or both:

A) You can ensure you hustle enough to raise enough income to pay your monthly expenses

B) You can make sure you have multiple side hustles that collectively generate enough income for your living expenses

C) Both of the above

According to a June Bankrate survey, 31% of Americans will have a side business in 2022, and 41% of those who do will depend on it to cover daily costs.

How Do You Know The Side Hustle Has Become The Main Gig

Once your ide hustle start to take most of your time, and you comfortable, and the side hustle is generating sufficient income for your livelihood plus potential for growth, than it’s time to take your side hustle as a main gig.

Side Hustle Ideas

Whether you’re thinking about starting your own side business or looking for other sources of income, there are several options available.

These options include teaching cooking classes, renting out a room, building a website, or even creating swag. Whatever you choose to do, you should plan your finances carefully.

The key about side hustles is creating  multiple streams of income so that you never need to worry about money again.

16 Side Hustle Ideas You Can Live From

1.Start A Blog

If you’ve ever wanted to start a blog, then now’s the perfect time to do it. There are tons of free blogging platforms out there that make starting a blog easy. You can even use WordPress.com for free.

Blogging is a fantastic side business because you can do it anywhere at your own leisure. There are numerous ways to earn money on the side while blogging, albeit it is not an instant or simple approach to do so.

In addition to selling advertising, you can also market your own online product and work as an affiliate for others’ goods. To be able to earn a respectable income, an audience must be developed over time.

2. Create An Online Course

In addition to creating an online course, you should also consider offering courses through Udemy, Skillshare, and CreativeLive. These sites offer a lot of flexibility when it comes to monetizing your course.

Build An Email List

If you’re looking to build an email list, then you need to use a free tool called MailChimp. It’s one of the easiest ways to do so. You can set up your own list with just a few clicks.

3.Sell Products

There are lots of different ways to make money online. One of them is selling products on Amazon. This is a very popular option because there are millions of people who shop on Amazon every day.

4. Offer Consulting Services

If you’re looking to make some extra cash, consider offering consulting services. You can offer your expertise as an expert in your field. Consultants often charge hourly rates, so you need to find clients who will pay you for your time.

5. Renting Out A Spare Room

One of the easiest ways to earn extra money is by renting out a spare room. By doing this, you can make enough money to help cover your rent or mortgage.

It is best to search for lodgers who want to stay at your home Monday through Friday. You can also advertise for businessmen near conference centres, or academics if you live in a university town. You should also consider the potential pitfalls and benefits of renting out your spare room.

You can start by renting out a room for a week, month, or even a year. You can also start with a short-term lease and extend it if it turns out well.

Before you start renting out your room, you should check local rent prices on Craigslist, or ask friends and family for rental prices. This way, you’ll make money even though you have to pay for utilities and other necessities.

If you’re not sure if renting out a spare room is right for you, try Airbnb. This site helps you find a host who’s willing to share their extra income. You can also check out the laws on Airbnb to be sure that you’re doing it legally.

Renting out a spare room can be a lucrative side hustle for landlords. It is often cheaper than renting out a whole unit. However, there are some cons to this method, as well as state rules that govern the way you can rent out your property.

6. Teach Cooking

If you have a passion for cooking and enjoy educating people about different culinary concepts, teaching cooking is a great side hustle. It is not difficult to get started. All you need is some space and time. You can earn $30 to $100 per cooking session.

This income can vary depending on the number of classes and how good you are at cooking. You can also offer online cooking classes.

7.Building A Niche Website

One way to make money on the side is to build a website that specializes in a particular niche. You can earn up to $33 an hour by working as an SEO consultant. This side hustle requires you to research and select the right niche.

Once you’ve found a niche you’re passionate about, create a website that focuses on that topic. You can then sell it for a profit.

 8. Teach English Online

Online English instruction You can educate from home using well-liked websites like VIPKID and Qkids.

9. Sell on Etsy

You can sell on Etsy as a side hustle. To earn some additional money, create handcrafted items from your house that you can sell on Etsy, including knit hats or handkerchiefs with personalized embroidery.

10. Create an eBook.

One of the most popular side business ideas is to self-publish an e-book to sell on Amazon, especially for bloggers or people with established following.

11. Market workshops online

If you’re an expert in your profession or have other important life lessons to impart, you can convert your knowledge into a side business by offering online workshops or courses.

12. Dropshipping

One of the best suggestions for a side business is dropshipping. Without purchasing any inventory, you can sell a product directly to the buyer. Why does that rock? You don’t need to have a sizable money set aside for initial fees, lowering your risk. The producer not only

13. Conduct Music Classes

If you can play the piano or the guitar, join a local music organization or make friends with other band parents at your child’s school so you can advertise your services as a virtual music tutor.

14. Work as a Virtual Assistant (VA)

Numerous large businesses and powerful leaders are using virtual assistants to handle their administrative duties as the workforce becomes more distributed. If you have the necessary talents, this kind of part-time side job could be a simple method to increase your income in 2021 while being at home.

15. Monetise Your Instagram

Make your Instagram account profitable. You may increase your social media following dramatically by producing interesting content and strategically utilising hashtags.

Once you have thousands of followers you can start engaging companies to advertise their products at a cost. You can also sign up with platforms such as ShoutCart to get social media advertising gigs based on your interests and follower base.

16. Start Working As A Freelancer

Does the wage at your 9 to 5 work vary? If your income is unpredictable, you might require more money at times and a little less at other times. If this describes you, you might decide to work as a freelancer. These might be tasks that you post on Fiverr or sporadic freelancing jobs on Upwork.

One week you might design T-shirt mockups for a customer, and the next you might assist someone in increasing their social media following. The projects you work on could be very different. However, if you enjoy variety and changing things up, this side business can be ideal for you.

Even More side Hustle Ideas

The College Investor has published 54 Side hustle ideas listed below.

1. Online Surveys 2. Just Search The Internet 3. Deliver For DoorDash 4. Blogging 5. Sell On Amazon 6. Sell Gigs On Fiverr 7. Sell On eBay 8. Sell Crafts On Etsy 9. Online Coaching Or Consulting	10. Online Freelancing 11. eBook Publishing 12. Sell Stock Photos 13. Do Micro-Tasks On Mechanical Turk 14. Website User Testing 15. Create An Online Course 16. Become A Virtual Assistant 17. Teach English Online 18. Become An Uber AND Lyft Driver	19. Deliver Food From Restaurants 20. Deliver Groceries 21. List Your House On Airbnb 22. Rent Your Car 23. Renting Out Your Garage or Driveway 24. Loan Signing Agent And Notary 25. Be A Task Rabbit 26. Catering 27. Cleaning Service 28. Baby Sitting
29. Bookkeeping 30. Recycle 31. Resume Help 32. Dog Walking 33. Estate Sales 34. Handyman Work 35. Housesitting 36. Hauling Service 37. Modeling 38. Movie Or TV Extra	39. Mystery Shopping 40. Pet Sitting 41. Join A Research Or Focus Group 42. Moving Service 43. Gardening Service 44. Painting Service 45. Pool Cleaning Service 46. Be Someone’s Friend 47. Shoveling Snow 48. Donate Plasma	49. Participate in Medical Studies 50. Volunteer For Overtime 51. Employee Referral Program 52. Tuition Reimbursement Program 53. Get A Part Time Job 54. Get A Higher Paying Job

You can read more about any of the side hustle ideas you are interested in here: College Investor

Creating Swag For Your Side Hustle

When it comes to creating swag for your side hustle, you need to understand the purpose of each product. This will allow you to set realistic expectations and know how to measure them. You also need to understand the ROI and life cycle of each product. This will help you avoid some common pitfalls and maximize the potential of your side hustle.

When you are creating swag, choose colors that are compatible with your brand’s identity. This way, your swag will match your brand and look great in the process.

You can even choose to use specific color codes, such as RGB, CMYK, and HEX. Keep in mind that some color codes are better suited for print while others are better suited for web use.

Your swag should be clearly branded and stand out from the crowd. The idea is to make it easy for people to identify them as part of your brand.

Otherwise, people will confuse them with something from a competitor. Good branding will make your swag a walking endorsement of your brand and will augment your other marketing efforts.

Your swag can help your business generate leads by attracting people to your website and social media. Studies have shown that swag can increase the effectiveness of paid social media adverts by as much as 44%.

Giveaways are also a great way to increase your online reach and engagement. To make the most of your swag giveaways, consider a contest, where you send the winner a swag gift. In this way, you can still collect engagement and information from the contestants.

Final Thoughts

Having a side hustle is great way to diversity and expand your income stream. If you want to live off side hustles you need to be industrious and enterprising to ensure that 1) You can juggle around and balance your multiple side hustles and 2) your side hustles are generating enough income to meet your living expenses.  All the best.