Side hustles and ways to make money at home can help you pay off debt, save for a big purchase, and grow your retirement savings.
You can use these extra income streams to pay bills, go on vacation, and add money to your retirement each month. Many side hustles are also passive, which means you don’t have to spend a lot of time on them.
If you’re looking for ways to earn extra income on the side, consider starting a blog, selling crafts online, or becoming an affiliate marketer.
Online Side Hustles to Consider
Sell Crafted Products Online
Selling handmade goods online has become one of the fastest growing industries in recent years. It’s also a great way to make some extra cash while staying at home with your kids.
Start an Etsy Store
If you love crafting, then starting an Etsy store might be right up your alley. You’ll need to invest in supplies, such as fabric, yarn, buttons, beads, etc., and set up a website where people can buy your products. Then, you’ll need to promote your business by posting photos of your work on social media sites like Facebook and Instagram.
Become a Virtual Assistant
A virtual assistant (VA) is a worker who provides administrative support to businesses and individuals. They provide services ranging from data entry to customer service to bookkeeping. VAs typically charge hourly rates, so you must be able to manage your own workload.
Create a Blog
If you’re looking for ways to make extra money at home, starting a blog might be one of the easiest options available. You can set up a website with WordPress or another platform, then use it to share your knowledge and expertise.
Work as a Freelance Writer
Another option is to work as a freelance writer. There are plenty of websites where you can post articles and other writing assignments. Many companies will pay you per word, so you can earn some extra cash while helping others learn new things.
Shopify Is A Passive Side Hustle
If you have an online store, you may want to consider establishing a Shopify store. This way, you can sell your own products, charge a monthly subscription fee, and earn up to 80% of sales. Additionally, you can sell products from your own inventory or you can sell drop-shipped items from a vendor to leverage your store’s brand.
With Shopify, you can cut down on many costs associated with running a business. The system includes an affiliate marketing program, which pays for successful referrals.
The more referrals you send to Shopify, the more money you’ll make. It also helps if you can find a niche that interests you. Once you find a good niche, make sure to research the competition and the popularity of the item you’d like to sell.
Many Shopify merchants started as hobbies. This makes it easy to get started. Unlike other side hustles, you won’t have to worry about maintaining inventory costs. Plus, you can resell your products over. In addition, you can automate the whole process using Shopify.
Shopify is an eCommerce platform that lets you list your inventory on multiple marketplaces. You can also easily scale your business, since the platform takes care of the technical details. It also handles software patches and security updates, so you can focus on growing your business.
Offline Side Hustles To Consider
Cleaning Houses Pays Surprisingly Well
As a side hustle, cleaning houses can be a great way to earn extra money from home. Cleaning homes is an in-demand service that people can request weekly or monthly.
This is a great way to earn extra money from home and to save for a big purchase, or even to grow your retirement fund. If you have a lot of extra time on your hands, you could also consider doing this as a full-time business.
There are many ways to make money at home. Cleaning houses is one such option. You can charge by the hour or per room, and you can offer your services on a weekly, monthly, or whenever you are needed. Depending on the size of your property, you may need to purchase cleaning supplies in bulk, but there are also some households that will provide the cleaning supplies for you.
A good way to get more customers is to offer specials on your services. A special offer of $250 or $300 for a cleaning can bring in a great deal of money. You can also offer referral programs, which will increase your income. If you already have satisfied customers, take advantage of them and refer them to other homeowners.
Consider Flipping Houses as A Passive Side Hustle
Flipping houses is an easy and profitable side hustle that can earn you a nice income. There are many advantages to this business model, including minimal investment and no landlord responsibilities.
This means that you do not have to worry about finding tenants, collecting rent, and maintaining the property. However, the downside is that you will have to give up a day job or a consistent paycheck.
Choosing the right market is critical to success. Look for areas where property prices are low enough to make the rehab costs worthwhile. You should also choose areas where employment is growing and development projects are underway.
Furthermore, you should choose markets where properties are selling quickly, which is a sign of a seller’s market. By studying these factors, you will be able to determine whether a market is stable and offers a steady demand.
Wholesaling Houses
Another passive side hustle to make money at home is wholesaling houses. This type of business is a good opportunity for investors to make a profit quickly.
The process involves finding properties that are for sale, getting them under contract, and then assigning the contract to a new buyer. Once the contract is signed, you will earn a percentage of the final sale price.
Flipping houses requires you to monitor the construction of the houses you sell. If you’re not comfortable with this kind of work, it isn’t a great passive side hustle. In addition, you will need a full-time job to keep up with the work and keep up with the flipping process.
Real Estate Investing Is A Passive Side Hustle
One of the best ways to earn passive income is to invest in real estate. You can buy land for as little as a couple hundred dollars, depending on the location.
Once you flip a property, you can use the profit to buy new properties, and you can earn a passive income while you aren’t working. If you don’t have the money for a stand-alone house, you can invest in mobile homes, townhouses, and condos.
Real estate investing is also a great way to make money online. Online investing sites have revolutionized the investment world, allowing anyone to become a fractional owner in a real estate project.
The benefit of these sites is that you don’t have to spend thousands of dollars on rents, or even deal with tenants. You can invest small amounts of cash in a house and earn money passively without having to worry about paying a broker or dealing with tenants.
Investing in real estate can be a great way to supplement your income while putting money aside for retirement. Many people invest in rental properties as a way to generate passive income. They can collect rent and make improvements on the property, which will help them build equity.
There are many benefits to real estate investing, and this side hustle can be a lucrative side hustle for those who want to work from home. However, it can be challenging, especially if you’re not used to this kind of business. Managing rental properties isn’t easy, and the business can be risky, so you must be prepared to handle all potential pitfalls.
Final Thoughts
Many people have a full-time job and want the flexibility to pursue a side hustle. However, they don’t want to spend a lot of time on this, so a real estate side hustle is the perfect choice.
However, you have to know what you’re doing and what type of work it will take.
Some side hustles require upfront money to start, and others require you to take courses or get a license. Ultimately getting a side hustle is great way to supplement you income and achieve financial stability beyond what you regular job pays you.
For some, side hustles have been great avenues for unlocking new passions and careers.