Best Side Hustle to Make Extra Money - 2022 Ideas

Source: DHgate, Tag: Dropshipping

Financial independence is the goal for everyone. We all want to get to that point where we have enough income, worthwhile savings, and a retirement plan. The best way to achieve this is to have multiple streams of income. When you get to a point where you are generating income all the time, you can rest assured that your future is taken care of. To achieve multiple streams of income, you have to diversify. This means using everything at your disposal for value addition.

Side hustle is a term that has become commonplace. Getting a side hustle has become essential and this has been fanned by the difficult economic times. But even judging from history, most of the people who amassed substantial wealth had multiple income sources. In your journey to find additional income sources, the big question is ‘what’s a good side hustle to make money.’
So what do you look for when searching for a side hustle to make money? Bottom line, you have to find something that you can be productive at. It should be a job or tasks that you can deliver. Let us look briefly at some of the factors you need to consider when you are settling for a side gig.
Go For Your Passion
When choosing an additional income source, you need to find something that you can really work with. You will have to go for something that you are passionate about. It is not surprising to find people working day jobs that they don’t like. The only reason they will wake up to go the workplace is because they don’t really have a choice. Well, because there is a supervisor at work and you have to pay the bills, you find yourself doing routine stuff and waking up every day.
For a side gig, working without passion will often lead to failure. This is because most side gigs need self-supervision and in such cases you can only work well if you have that inner drive.
Understand Your Craft
You also need to have a deep understanding of your craft if you are considering a side hustle to make money. Knowing your craft is tied to passion. When you have the know-how, you will be more productive and willing to give it your all.
But we don’t always have the knowledge of things. You might have to learn some of the things, if not all. If you have the interest, you can put in the effort and learn a new skill. With the current digitalization, you can learn on the various online platforms and perfect your skills. You can check out the online courses and academies to get the resources that you need for acquiring those skills.
Go For The Marketable Stuff
In every field, there are trends. The dynamics make a huge difference. When you are choosing a side hustle, you need to go with the wave and find something that is marketable. This gives it more value and you will have more income coming your way if you can master the trendy stuff. Check out for the opportunities in different fields that you can take up as side hustle because they always pop up. Therefore, to be successful in side hustling, you will have to stay abreast of the news. Watch out for market dynamics, analyze the shifts in the market and identify where the gaps are.
Have a Schedule
To be productive at your side hustle, you will need to create time for it. You have to get it integrated into your schedule. Make sure to allocate the hours keeping in mind your day work, resting hours and holidays.
Let us have a look at some of the side hustle that are currently available for you to choose. Go through our list and find the options that best suit you.
Freelance Writing

Freelance writing is a great choice for a side hustle to make money because if you have internet and a computer, you can do it. You can choose to write on the topics that you are most comfortable with. Check out freelance writing jobs online on freelancing websites or you can search for them on social media platforms.
Getting to write about your area of expertise is a good way of making money from the knowledge you already have. The more you write, the easier it becomes. With time, you can be able to handle more tasks and make more money. Freelance writing can fetch as much as $1000 per month or even more. As you master the craft, your value rises and you can start getting more money as time goes by.
With many websites and other online platforms looking for written content, freelance writing can be quite marketable.
Start A Blog
Starting a blog is another way of making money online. Blogging offers many options for you. You can start a blog virtually about anything. This means you are free to choose your favorite topics and niches and open a blog about them. If you are into online shopping, you can start a blog and talk about your experiences, recommend some online shops and give reviews.
To launch a website, you need to get web hosting services and then find a web developer to create a site for you. Alternatively, you can use content management platforms such as WordPress and make the blog from scratch.
After setting up the site, you need to find traffic and channel it to your website. This can be done through search engine optimization as well as ads. When you have the traffic, you can then monetize the site through advertisements or affiliate marketing.
There have been numerous success stories about blogging as a side hustle. People have even turned it into fulltime businesses. With a blog, you can expand and even offer online coaching on the site or start a premium course and register your followers at a fee. Linking the blog with your social media channels boosts its online visibility.
Start an E-commerce Store
Starting an e-commerce store can be a great option as a side hustle to make money. So how do you go about it? Well, you can opt to open an ecommerce store buy creating your website and listing your products. This would require quite an investment because you have to make a website that has a significant level of sophistication. Integrating payment methods, e-commerce platform and listing products can take some work.
Alternatively, you can sell on an established online platform. An example is DHgate. You can start your business by registering and uploading your broadcasts. DHgate provides a platform where sellers can be seen by buyers from all corners of the world. You can do this as a side hustle because you don’t have to own a physical shop and deal with buyers in person.
Another better way to do it is drop shipping. Take part in this order fulfilment model where you don’t even need to keep an inventory. You can link up the buyer and the seller and get paid for it. DHgate also offers drop shipping services and you can make the most of it.
Start a YouTube Channel
I bet this is not the first time you have heard about starting a YouTube channel. If you have been thinking about side hustles to make money, the thought to open a YouTube channel might have crossed your mind once or twice. We are here to encourage you to keep going because you can make a fortune through a YouTube channel as a side job.
You need to decide the kind of content that you want to major in and then start growing your audience. When you get to a thousand subscribers and four thousand viewed hours, you can start monetizing your platform. There are different ways of making money through YouTube. The video viewing platform gives you good exposure and you can be recognized by brands and strike deals that will make extra income for you.
Making Money on Social Media
Social media is an excellent digital space to engage with people and share life experiences. But the good news is that you can use the channels to earn yourself additional income. You need to have a large social media following before you go for monetization. The fundamental to getting a growing audience on social media is having quality content in a specific niche.
When you are regularly creating amazing content, you will get loyal followers. The numbers grow through referrals. When demonstrate to brands that you have enough traffic, you can enter into deals and collaborations and start making money.
Rent Out Your Space
Do you have a home or room that you are currently not using? You can rent it out online for a few days or even months on platforms such as AirBnB. This will earn you some additional income and you will be making good use of your space. With millions of people traveling the world and looking for a decent place to stay, you can be sure this is a marketable venture if you get it right.
You will need to choose a location that has high demand for space letting. Metropolitan cities and tourist destinations make good options for renting out.
You can also edge your competitors by listing your spaces at affordable prices and having some offers and incentives.
Become an Online Coach
Online coaching is a growing field that is enabled by the massive digitization that has been seen in recent times. People have many engagements online because of the convenience it offers. With the desire to learn new skills and add value, many people are seeking to train and better what they already have. You can share the skills you have online coaching platforms and make good money out of it.
Most employers and firms are also looking for online consultants and you can apply to be one. This will only take a few hours per week but it could considerably top up your income and take you closer to achieving financial independence.
What’s more, you can offer online teaching services where you train scholars and prepare them for examinations.
FAQs
What Is The Easiest Online Side Hustle?
Side hustles come in different forms, like the ones we have listed in the preceding section. The ease of doing a side hustle is anchored on your skills and experience. If you have been writing for a long time, you will find it easier with time. All in all, some side hustles will be more technical than others. You only have to find what is easy for you.
What Can I Sell To Make Money Fast?
If you are thinking about selling products, you are on the right path. To make quick sales, you will need to have a target audience and sell in the right places. If you are selling online, you need to be on a platform that has a wide client base. The product you sell also determines how fast the revenues stream in. In summary, you need to do your research well before choosing what you want to sell and where you want to set up shop. If your target audience is into fashion, you can consider selling fashion pieces.
What is The Cheapest Side Hustle?
The cheapest side hustles are those that don’t require a massive initial capital. These include the kind that make use of your skills or your social media audience. The cheapest side hustles include ventures such as drop shipping where you only need an online presence and no actual product. Monetizing your social media platforms doesn’t need a lot of investment as well. Generally, selling a skill as a side hustle is such a good idea.
What Are Fun Side Hustles?
Fun side hustles are those that you really enjoy doing. When you can use your hobbies to make money, you have a lot of inner motivation. If you fancy blogging, you can set up a blog as a side hustle and enjoy every bit of it.
In Summary
Finding a side hustle to make money is a great idea to boost your income generation. When you can get a side job that brings money to the table, you will be able to pay your bills comfortably, set up development budget and even pay off debt comfortably. This is a worthy investment that everyone should be thinking about.